Bridge House Corporation
- Assets
- $25.4m
- Revenue
- $7.7m
- Investments
- $0.0
- Employees
- 156
- Location
- New Orleans, LA
- Founding
- 05/1959
- Data as of
- 12/2020
- EIN
- 72-6027674
Organization Overview
Bridge House Corporation is located in New Orleans, LA. The organization was established in 1959. As of 12/2021, Bridge House Corporation employed 156 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bridge House 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 12/2020, Bridge House Corporation generated $7.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $6.7m during the year ending 12/2020. While expenses have increased by 1.9% 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Else Pedersen Chief Executive Officer | Officer | 40 | $154,697 |
Walter Wright Chief Financial Officer | Officer | 40 | $108,427 |
Greg Romig President | OfficerTrustee | 2 | $0 |
Walton Goldring Treasurer | OfficerTrustee | 2 | $0 |
Michael Pou Secretary | OfficerTrustee | 2 | $0 |
Kelly Commander Vice President | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $311,136 |
| Related organizations | $0 |
| Government grants | $318,732 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,385,018 |
| Noncash contributions included in lines 1a–1f | $2,482,585 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,014,886 |
| Total Program Service Revenue | $2,325,793 |
| Investment income | $183,053 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$18,073 |
| Net Gain/Loss on Asset Sales | $1,000,412 |
| Net Income from Fundraising Events | -$42,155 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $4,692 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,677,994 |
| 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. | $215,891 |
| Compensation of current officers, directors, key employees. | $16,250 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,937,757 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $220,222 |
| Payroll taxes | $257,261 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $64,969 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $52,454 |
| Fees for services: Other | $238,219 |
| Advertising and promotion | $125,391 |
| Office expenses | $136,861 |
| Information technology | $60,600 |
| Royalties | $0 |
| Occupancy | $624,113 |
| Travel | $20,113 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $121,974 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $512,307 |
| Insurance | $314,746 |
| All other expenses | $18,995 |
| Total functional expenses | $6,728,539 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,524,848 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,125,941 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $92,964 |
| Prepaid expenses and deferred charges | $116,623 |
| Net Land, buildings, and equipment | $12,542,473 |
| Investments—publicly traded securities | $9,873,117 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $87,114 |
| Total assets | $25,363,080 |
| Accounts payable and accrued expenses | $257,978 |
| 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 | $6,976,732 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $7,234,710 |
| Net assets without donor restrictions | $17,226,456 |
| Net assets with donor restrictions | $901,914 |
| 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 | $25,363,080 |
Grants Recieved
Over the last fiscal year, we have identified 16 grants that Bridge House Corporation has recieved totaling $610,253.
| Awarding Organization | Amount |
|---|---|
The Greater New Orleans Foundation New Orleans, LA PURPOSE: HUMAN SERVICES | $239,076 |
The Oscar J Tolmas Charitable Trust Metairie, LA PURPOSE: TO ASSIST IN THE ORGANIZATION'S TAX EXEMPT MISSION | $195,000 |
James P Raymond Jr Foundation Wilmington, DE PURPOSE: NEW GRACE HOUSE | $75,000 |
Wendell And Anne Gauthier Family Foundation Metairie, LA PURPOSE: CHARITABLE | $25,000 |
Helis Foundation New Orleans, LA PURPOSE: SCHOLARSHIP FUND | $20,287 |
Jewish Endowment Foundation Metairie, LA PURPOSE: GENERAL OPERATIONAL SUPPORT | $17,200 |
Endowment Analysis
| Beg. Balance | $48,186 |
| Earnings | $8,249 |
| Admin Expense | $450 |
| Ending Balance | $55,985 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Crosspoint Inc San Antonio, TX | $10,055,661 | $7,178,320 |
Bridge House Corporation New Orleans, LA | $25,363,080 | $7,677,994 |
Harbor House Of Jackson Inc Jackson, MS | $2,474,277 | $3,200,011 |
The Kings Daughters And Sons Group Home Inc Vicksburg, MS | $150,218 | $0 |
Daystar Residential Inc Pearland, TX | $55,451 | $0 |