Bridge Of Hope Inc
- Assets
- $2.8m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 25
- Location
- Exton, PA
- Founding
- 12/2002
- Data as of
- 03/2024
- EIN
- 81-0555073
Organization Overview
Bridge Of Hope Inc is located in Exton, PA. The organization was established in 2002. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 03/2024, Bridge Of Hope Inc employed 25 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Bridge Of Hope 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 03/2024, Bridge Of Hope Inc generated $2.9m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 19.1% each year . All expenses for the organization totaled $1.9m during the year ending 03/2024. While expenses have increased by 15.0% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF BRIDGE OF HOPE NATIONAL IS TO ENGAGE CHRISTIAN FAITH COMMUNITIES IN ENDING FAMILY HOMELESSNESS THROUGH NEIGHBORING RELATIONSHIPS THAT DEMONSTRATE CHRIST'S LOVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BRIDGE OF HOPE NATIONAL OFFERS A VARIETY OF RESOURCES TO ENGAGE CHRISTIAN FAITH COMMUNITIES IN ENDING AND PREVENTING HOMELESSNESS FOR FAMILIES (PRIMARILY SINGLE WOMEN AND CHILDREN) THROUGH THE TRAINING OF NEIGHBORING VOLUNTEERS, PROFESSIONAL CASE MANAGEMENT AND RENTAL ASSISTANCE FUNDS. BRIDGE OF HOPE NATIONAL ALSO PROVIDES DIRECT SERVICES IN TWO COUNTIES: LANCASTER COUNTY AND CHESTER COUNTY, PA. THE BRIDGE OF HOPE NETWORK IS COMPRISED OF 21 LOCATIONS IN 13 STATES. OUR DATA SHOWS STRONG PROGRAM PERFORMANCE FROM THIS PAST YEAR: - 367 ADULTS AND CHILDREN SERVED. - 653 NEIGHBORING VOLUNTEERS FROM CHURCHES. - 54 DAYS, ON AVERAGE, TO FIND HOUSING FOR FAMILIES (DESPITE A NATION-WIDE HOUSING CRISIS). - 87% OF EXITING FAMILIES LIVE IN SAFE AND SUSTAINABLE HOUSING. - 87% OF FAMILIES INCREASED THEIR INCOME DURING THEIR TIME IN THE BRIDGE OF HOPE PROGRAM. - 10,041 AVERAGE AMOUNT OF RENTAL ASSISTANCE NEEDED TO HELP ONE FAMILY PERMANENTLY EXIT HOMELESSNESS. IN SEPTEMBER 2019, BRIDGE OF HOPE NATIONAL ALSO BEGAN DIRECTLY OPERATING THE BRIDGE OF HOPE AFFILIATES IN THE TWO FOUNDING COUNTIES: LANCASTER, PA AND CHESTER COUNTY, PA. COMMUNITY BOARDS NOW OVERSEE AND SUPPORT EACH COUNTY AND EDITH YODER, CEO, CHAIRS EACH BOARD. BOTH COUNTIES ARE GOVERNED UNDER BRIDGE OF HOPE NATIONAL AND OPERATE AS A DEPARTMENT WITHIN BRIDGE OF HOPE INC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bethany Shue Nussbaum Chairwoman | OfficerTrustee | 2 | $0 |
Katie Engle Vice Chair | OfficerTrustee | 2 | $0 |
Steve Hawbaker CPA Treasurer | OfficerTrustee | 3 | $0 |
Ben Cattell Noll Secretary | OfficerTrustee | 2 | $0 |
Dr Samuel Benbow Board Member | Trustee | 2 | $0 |
William Snyder Mdiv Stm Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $2,286 |
| Membership dues | $0 |
| Fundraising events | $304,251 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,530,048 |
| Noncash contributions included in lines 1a–1f | $273,911 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,836,585 |
| Total Program Service Revenue | $28,840 |
| Investment income | $28,841 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,854 |
| Net Income from Fundraising Events | -$15,229 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,876,183 |
| 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. | $115,123 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,144,079 |
| Pension plan accruals and contributions | $24,876 |
| Other employee benefits | $56,344 |
| Payroll taxes | $100,275 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,989 |
| Fees for services: Accounting | $9,035 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $22,728 |
| Advertising and promotion | $0 |
| Office expenses | $17,402 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $39,964 |
| Travel | $13,029 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $30,720 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $8,005 |
| All other expenses | $21,967 |
| Total functional expenses | $1,942,797 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $550 |
| Savings and temporary cash investments | $991,794 |
| Pledges and grants receivable | $16,615 |
| Accounts receivable, net | $600 |
| 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 | $28,474 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $838,919 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $903,303 |
| Total assets | $2,780,255 |
| Accounts payable and accrued expenses | $483,093 |
| 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 | $61,634 |
| Total liabilities | $544,727 |
| Net assets without donor restrictions | $1,484,463 |
| Net assets with donor restrictions | $751,065 |
| 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 | $2,780,255 |