Bridgewater Village Inc is located in Bridgewater, VA. The organization was established in 1972. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 09/2021, Bridgewater Village Inc employed 40 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bridgewater Village Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2021, Bridgewater Village Inc generated $9.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $8.8m during the year ending 09/2021. While expenses have increased by 6.4% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
RETIREMENT HOUSING
Describe the Organization's Program Activity:
Part 3 - Line 4a
RETIREMENT HOUSING, PROPERTY MAINTENANCE & COORDINATION OF ACTIVITIES FOR THE RESIDENTS OF APPROXIMATELY 245 INDEPENDENT LIVING UNITS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Thomas Carper Facilities Directo | 40 | $100,288 | |
John Neff Vice Chairman | OfficerTrustee | 0 | $0 |
Claire Martindale Chairman | OfficerTrustee | 0 | $0 |
Rodney Alderfer President & CEO | Officer | 0 | $0 |
Pam Sherman Secretary | Officer | 0 | $0 |
James Weaver Treasurer | Officer | 0 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $265,700 |
All other contributions, gifts, grants, and similar amounts not included above | $12,203 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $277,903 |
Total Program Service Revenue | $8,259,375 |
Investment income | $1,543,619 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | -$123,323 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | -$24,444 |
Miscellaneous Revenue | $0 |
Total Revenue | $9,933,130 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $1,368,209 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $256,580 |
Payroll taxes | $83,640 |
Fees for services: Management | $2,464,118 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $54,401 |
Advertising and promotion | $10,800 |
Office expenses | $132,869 |
Information technology | $227,581 |
Royalties | $0 |
Occupancy | $660,857 |
Travel | $15,706 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $2,890 |
Interest | $540,918 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $2,170,426 |
Insurance | $173,031 |
All other expenses | $19,975 |
Total functional expenses | $8,839,074 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,457,733 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $839,113 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $320,509 |
Inventories for sale or use | $19,588 |
Prepaid expenses and deferred charges | $145,614 |
Net Land, buildings, and equipment | $49,332,038 |
Investments—publicly traded securities | $3,800,527 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $19,274 |
Total assets | $55,934,396 |
Accounts payable and accrued expenses | $462,728 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $17,495,870 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $36,753,351 |
Total liabilities | $54,711,949 |
Net assets without donor restrictions | $1,222,447 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $55,934,396 |
Over the last fiscal year, we have identified 1 grants that Bridgewater Village Inc has recieved totaling $13,329.
Awarding Organization | Amount |
---|---|
Bridgewater Healthcare Foundation Inc Bridgewater, VA | | $13,329 |
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Lake Prince Center Inc Newton, NC | $22,105,583 | $13,762,352 |
Lutheran Home At Trinity Oaks Inc Salisbury, NC | $16,250,206 | $13,832,203 |
Abes Garden Nashville, TN | $36,175,841 | $14,527,368 |
Wesley Manor Retirement Community Inc Louisville, KY | $9,224,359 | $9,135,157 |
Lifespire Of Virginia Glen Allen, VA | $66,161,909 | $8,820,978 |
Landow House Inc Rockville, MD | $22,817,674 | $9,183,243 |