Bridge Northwest Development Inc
- Assets
- $45.5m
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 0
- Location
- San Francisco, CA
- Founding
- 09/2014
- Data as of
- 12/2023
- EIN
- 46-2490091
Organization Overview
Bridge Northwest Development Inc is located in San Francisco, CA. The organization was established in 2014. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, 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 Northwest Development Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
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 IS A GENERAL PARTNER IN A PARTNERSHIP OWNING AND OPERATING AN AFFORDABLE HOUSING PROJECT FOR LOW-INCOME PERSONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sierra Atilano Vice President | OfficerTrustee | 1 | $0 |
Rebecca Hlebasko Vice President/secretary | OfficerTrustee | 1 | $0 |
James Mather Vice President | OfficerTrustee | 1 | $0 |
Delphine Sherman Vice President/cfo | OfficerTrustee | 1 | $0 |
Kenneth Lombard President | OfficerTrustee | 1 | $0 |
Alison Lorig Vice President (outgoing) | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $14,640 |
| Government grants | $415,366 |
| 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 | $430,006 |
| Total Program Service Revenue | $1,911,135 |
| Investment income | $1,015,771 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $199,674 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,630,630 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $819,006 |
| 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 | $112,298 |
| Fees for services: Legal | $19,498 |
| Fees for services: Accounting | $9,695 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $328,076 |
| Advertising and promotion | $3,838 |
| Office expenses | $22,343 |
| Information technology | $23,761 |
| Royalties | $0 |
| Occupancy | $2,082,783 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,201 |
| Interest | $192,828 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $603,571 |
| Insurance | $0 |
| All other expenses | $49,399 |
| Total functional expenses | $6,503,383 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $105,507 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $482,244 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $24,726,567 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,963 |
| Net Land, buildings, and equipment | $19,146,042 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $772,574 |
| Other assets | $291,691 |
| Total assets | $45,530,588 |
| Accounts payable and accrued expenses | $148,826 |
| Grants payable | $0 |
| Deferred revenue | $31,083 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $142,271 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $23,241,692 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $17,442,312 |
| Total liabilities | $41,006,184 |
| Net assets without donor restrictions | $4,524,404 |
| 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 | $45,530,588 |