Bridge Support Corporation
- Assets
- $25.7m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 0
- Location
- San Francisco, CA
- Founding
- 09/2008
- Data as of
- 12/2021
- EIN
- 26-1501314
Organization Overview
Bridge Support Corporation is located in San Francisco, CA. The organization was established in 2008. According to its NTEE Classification (L12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bridge Support Corporation 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 12/2021, Bridge Support Corporation generated $2.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.7% each year . All expenses for the organization totaled $777.6k during the year ending 12/2021. 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
MISSION: THIS ORGANIZATION SUPPORTS BRIDGE HOUSING CORPORATION (BRIDGE). BRIDGE STRENGTHENS COMMUNITIES BY DEVELOPING, OWNING AND MANAGING HIGH-QUALITY, AFFORDABLE HOMES FOR WORKING FAMILIES AND SENIORS.VISION:* BRIDGE STRENGTHENS COMMUNITIES AND CREATES OPPORTUNITIES FOR WORKING FAMILIES AND SENIORS, BEGINNING BUT NOT ENDING WITH HOUSING.* BRIDGE IS A LEADER AND INNOVATOR IN THE MISSION-DRIVEN BUSINESS OF EFFECTIVE PRODUCTION, OPERATION AND OWNERSHIP OF AFFORDABLE AND MIXED-INCOME HOUSING.* BRIDGE EARNS THE HIGHEST DEGREE OF CUSTOMER SATISFACTION FROM ALL STAKEHOLDERS, INCLUDING RESIDENTS, NEIGHBORS, INVESTORS, TAXPAYERS, PRIVATE- AND PUBLIC-SECTOR PARTNERS, AND EMPLOYEES.* BRIDGE IS THE GO-TO DEVELOPER AND OWNER FOR PUBLIC OFFICIALS, INVESTORS AND COMMUNITIES SEEKING AN ARRAY OF HOUSING SOLUTIONS, AND IT DELIVERS RESULTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION SERVES TO SUPPORT BRIDGE HOUSING CORPORATION, A NONPROFIT ORGANIZATION THAT PROVIDES AFFORDABLE HOUSING FOR LOW-INCOME PERSONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Connie Moore Vice Char | OfficerTrustee | 0.1 | $0 |
Ken Novack Chair | OfficerTrustee | 0.1 | $0 |
Cynthia Parker President & CEO (outgoing) | Officer | 1 | $0 |
Delphine Sherman CFO & Evp | Officer | 1 | $0 |
Rebecca Hlebasko Asst Secty & VP | Officer | 1 | $0 |
Jim Mather Cio & VP | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,250,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,250,000 |
| Total Program Service Revenue | $55,908 |
| Investment income | $1,475,957 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,781,865 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $775,587 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,960 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $25 |
| Total functional expenses | $777,572 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,110,256 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $328,685 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,323,158 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $14,971,980 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $25,734,079 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $98,579 |
| Total liabilities | $98,579 |
| Net assets without donor restrictions | $25,635,500 |
| 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 | $25,734,079 |
Grants Awarded
Over the last fiscal year, Bridge Support Corporation has awarded $1,583,285 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
San Francisco, CA PURPOSE: TO SUPPORT THE AFFILIATE IN PROVIDING AFFORDABLE HOUSING. | $1,253,285 |
San Francisco, CA PURPOSE: TO SUPPORT THE AFFILIATE IN PROVIDING AFFORDABLE HOUSING. | $330,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Bridge Support Corporation has recieved totaling $1,000,000.
| Awarding Organization | Amount |
|---|---|
Bridge Housing Corporation San Francisco, CA PURPOSE: TO SUPPORT PROJECT DEVELOPMENT OF THE AFFILIATED ORGANIZATION | $1,000,000 |
Endowment Analysis
| Earnings | $18,000 |
| Net Contributions | $250,000 |
| Ending Balance | $268,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bridge Support Corporation San Francisco, CA | $25,734,079 | $2,781,865 |
Homeful Foundation Laguna Hills, CA | $2,776,958 | $819,434 |
Home Forward Development Enterprises Corporation Portland, OR | $46,061,933 | $1,005,830 |
Triad Properties Ventura, CA | $3,165,873 | $407,122 |
Friends Of 40prado San Luis Obispo, CA | $806,443 | $424,234 |
Community Housing Fund Beaverton, OR | $5,722,446 | $513,713 |
San Fernando Housing Foundation Woodland Hills, CA | $455,522 | $168,485 |
Casa Del Mar Inc Encinitas, CA | $125,064 | $256,819 |
Bel Air Housing Foundation Woodland Hills, CA | $443,422 | $200,185 |
Orange County Housing Foundation Woodland Hills, CA | $551,434 | $181,222 |
Palos Verdes Housing Foundation Woodland Hills, CA | $462,351 | $192,039 |
Spirit Of Blue Foundation Wilsonville, OR | $113,910 | $0 |