Building Bridges Development Corporation
- Assets
- $27.7m
- Revenue
- $15.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 02/2016
- Data as of
- 12/2021
- EIN
- 47-4694291
Organization Overview
Building Bridges Development Corporation is located in Washington, DC. The organization was established in 2016. According to its NTEE Classification (A11) the organization is classified as: Single Organization Support, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Building Bridges Development Corporation 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE PART III, LINE 1.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BUILDING BRIDGES DEVELOPMENT CORPORATION SERVICED THE NEW MARKET TAX CREDITS AND CONSTRUCTION LOANS. THEREFORE, HELPING TO SUPPORT THE ACTIVITIES OF BUILDING BRIDGES ACROSS THE RIVER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William T Mcmahon Chairman | OfficerTrustee | 2 | $0 |
Rahsaan Bernard President | Officer | 1 | $0 |
Scott Kratz Vice President | Officer | 1 | $0 |
Jeffrey Capron Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $14,732 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,732 |
| Total Program Service Revenue | $0 |
| Investment income | $860 |
| 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 | $15,592 |
| 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 | $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 | $9,559 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $139,500 |
| 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 | $487,326 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $765,300 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,401,685 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $283,202 |
| Savings and temporary cash investments | $2,390 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $27,424,377 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $27,709,969 |
| 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 | $31,450,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $31,450,000 |
| Net assets without donor restrictions | -$3,740,031 |
| 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 | $27,709,969 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Building Bridges Development Corporation has recieved totaling $860,273.
| Awarding Organization | Amount |
|---|---|
Building Bridges Across The River Washington, DC PURPOSE: GENERAL PROGRAMMING | $860,273 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Npr Foundation Washington, DC | $410,006,391 | $31,919,786 |
Pbs Foundation Arlington, VA | $37,997,942 | $17,786,379 |
Virginia Foundation For Public Media Richmond, VA | $185,376,659 | $5,025,363 |
Mpt Foundation Inc Owings Mills, MD | $15,645,200 | $7,324,843 |
Jefferson Center Foundation Ltd Roanoke, VA | $24,079,593 | $2,456,793 |
National Cryptologic Foundation Inc Glen Burnie, MD | $20,609,005 | $4,032,571 |
Building Bridges Development Corporation Washington, DC | $27,709,969 | $15,592 |
Acrc Lessor Inc Baltimore, MD | $16,634,404 | $230,833 |
London Town Foundation Inc Edgewater, MD | $1,552,184 | $1,585,855 |
Henricus Foundation Chester, VA | $4,503,070 | $906,467 |
Richmond Symphony Foundation Richmond, VA | $22,805,646 | $493,318 |
Friends Of The University Of Ottawa Washington, DC | $108,856 | $968,511 |