Bridges To Housing Stability Inc
- Assets
- $7.0m
- Revenue
- $5.5m
- Investments
- $0.0
- Employees
- 22
- Location
- Columbia, MD
- Founding
- 07/1991
- Data as of
- 06/2022
- EIN
- 52-1723716
Organization Overview
Bridges To Housing Stability Inc is located in Columbia, MD. The organization was established in 1991. According to its NTEE Classification (L41) the organization is classified as: Homeless Shelters, under the broad grouping of Housing & Shelter and related organizations. As of 06/2022, Bridges To Housing Stability Inc employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bridges To Housing Stability 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 06/2022, Bridges To Housing Stability Inc generated $5.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.4% each year . All expenses for the organization totaled $3.9m during the year ending 06/2022. While expenses have increased by 15.1% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE ASSISTANCE TO HOUSEHOLDS EXPERIENCING HOMELESSNESS AND HOUSING INSTABILITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOUSING STABILITY PROGRAM: THIS PROGRAM INCLUDES PERMANENT SUPPORTIVE HOUSING, RAPID REHOUSING, COORDINATED ENTRY SYSTEM (CES) CASE MANAGEMENT, AND EVICTION PREVENTION. THIS IS A HOUSING FIRST AND TRAUMA INFORMED PROGRAM FOR HOUSEHOLDS EXPERIENCING HOMELESSNESS OR AT IMMINENT RISK OF LOSING HOUSING. IN ADDITION TO REHOUSING AND PREVENTION SERVICES, CLIENTS ARE PROVIDED TENANT SUCCESS WORKSHOPS, BUDGETING ASSISTANCE, AND REFERRALS TO COMMUNITY RESOURCES INCLUDING FOOD, CLOTHING, FURNITURE, WORKFORCE DEVELOPMENT, CHILD CARE VOUCHERS ETC. FOLLOW UP SUPPORT IS GIVEN TO ALL REHOUSED HOUSEHOLDS TO ENSURE LONG TERM STABILITY. THE PROGRAM'S ACTIVITES REHOUSED 61 HOUSEHOLDS, 63 PREVENTED EVICTIONS, AND SERVED 762 INDIVIDUALS, 345 WERE CHILDREN.
HELP END HOMELESSNESS HOWARD COUNTY PROGRAM: AN AFFORDABLE RENTAL HOUSING PROGRAM FOR VERY LOW INCOME FAMILIES WITH CHILDREN THAT ARE EXPERIENCING HOMELESSNESS OR AN IMMINENT RISK OF BECOMING HOMELESS. HOUSING COSTS ARE SET TO BE 30% OF THE HOUSEHOLD'S INCOME. THE HOUSEHOLDS MEET THE ELIGIBILITY STANDARDS OF THE HOWARD COUNTY COORDINATED ENTRY SYSTEM. THE PROGRAM PROVIDED 5 SCATTERED SITE HOMES FOR 20 INDIVIDUALS, 15 WERE CHILDREN.
BRIDGES ALLIANCE PROGRAM: AFFORDABLE BELOW MARKET RENTAL HOUSING WITH A CIRCLE OF SUPPORT FOR LOW-INCOME WORKING HOUSEHOLDS; REDUCES HOUSEHOLD RENTAL BURDEN, PROVIDES FINANCIAL AND GOAL ORIENTED EDUCATION, AND HOUSING STABILITY GOAL PLANS. PROVIDED 48 SCATTERED SITES BELOW MARKET RENTAL HOMES FOR WORKING HOUSEHOLDS, WITH 160 INDIVIDUALS SERVED, INCLUDING 72 OF THEM CHILDREN.
HOUSING CONNECTIONS PROGRAM: ENABLES PARTNERSHIPS BETWEEN LANDLORDS AND TENANTS THAT LOWER HOUSING BARRIERS FOR LOW INCOME HOUSEHOLDS AND ENSURES SUCCESSFUL RENTALS. CASE MANAGEMENT AND BI-MONTHLY HOME-VISITS GIVE TENANTS EXTRA SUPPORT DURING THEIR LEASE TERM AND CREATES POSITIVE RELATIONSHIPS AND EXPERIENCES WITH LANDLORDS. 8 HOUSEHOLDS WERE REHOUSED, 7 EVICTIONS PREVENTED, AND 77 INDIVIDUALS SERVED 40 WERE CHILDREN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Broderick Executive Director | Officer | 40 | $102,137 |
Jessica Zuniga Chairperson | OfficerTrustee | 2.5 | $0 |
James Collins Vice-Chairperson | OfficerTrustee | 2 | $0 |
Ruth Hoang Treasurer | OfficerTrustee | 2 | $0 |
Reid Spearman Secretary | OfficerTrustee | 2 | $0 |
Alice Gail Pollard Clark Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $7,376 |
| Related organizations | $0 |
| Government grants | $3,408,720 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,446,661 |
| Noncash contributions included in lines 1a–1f | $1,147,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,862,757 |
| Total Program Service Revenue | $594,444 |
| Investment income | $338 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $55,386 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,512,925 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,039,429 |
| 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 | $987,006 |
| Pension plan accruals and contributions | $21,215 |
| Other employee benefits | $105,200 |
| Payroll taxes | $84,775 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,108 |
| Fees for services: Accounting | $25,621 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $2,958 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $62,343 |
| Advertising and promotion | $0 |
| Office expenses | $41,532 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $25,224 |
| Travel | $628 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $23,400 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $143,859 |
| Insurance | $20,068 |
| All other expenses | $344,092 |
| Total functional expenses | $3,931,458 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $252,258 |
| Savings and temporary cash investments | $273,135 |
| Pledges and grants receivable | $365,105 |
| Accounts receivable, net | $50,743 |
| 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 | $74,233 |
| Net Land, buildings, and equipment | $5,945,149 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $59,710 |
| Total assets | $7,020,333 |
| Accounts payable and accrued expenses | $190,217 |
| Grants payable | $0 |
| Deferred revenue | $103,097 |
| 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 | $626,086 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $56,930 |
| Total liabilities | $976,330 |
| Net assets without donor restrictions | $3,606,668 |
| Net assets with donor restrictions | $2,437,335 |
| 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 | $7,020,333 |