Bridge Community Impact
- Assets
- $7.4m
- Revenue
- $2.7m
- Investments
- $1.9m
- Employees
- 0
- Location
- San Francisco, CA
- Founding
- 07/2017
- Data as of
- 12/2022
- EIN
- 81-4175818
Organization Overview
Bridge Community Impact is located in San Francisco, CA. The organization was established in 2017. According to its NTEE Classification (L11) the organization is classified as: Single Organization Support, 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 Community Impact 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 12/2022, Bridge Community Impact generated $2.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.3%) each year. All expenses for the organization totaled $3.6m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Bridge Community Impact has awarded 13 individual grants totaling $968,369. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
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 WAS FORMED TO FUND AND PROVIDE SERVICES TO SUPPORT PROGRAMS THAT ASSIST THE LOW- AND MODERATE-INCOME, ELDERLY, AND DISABLED HOUSEHOLDS WHO RESIDE IN BRIDGE-RELATED HOUSING DEVELOPMENTS, AND TO LESSEN THE BURDEN OF LOCAL GOVERNMENT, COMBAT COMMUNITY DETERIORATION AND LESSEN NEIGHBORHOOD TENSIONS IN COMMUNITIES ASSOCIATED WITH BRIDGE-RELATED HOUSING DEVELOPMENTS THROUGH PROGRAMS THAT PROVIDE SERVICES TO THE COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kimberly Mckay Evp Of Development (outgoing) | OfficerTrustee | 1 | $0 |
Kenneth Lombard President & CEO | OfficerTrustee | 1 | $0 |
Delphine Sherman Evp & CFO | OfficerTrustee | 1 | $0 |
Rebecca Hlebasko SVP General Counsel | OfficerTrustee | 1 | $0 |
James Mather Evp & Cio | OfficerTrustee | 1 | $0 |
Susan Johnson Evp (outgoing) | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Harder Company Community Research Research Services | 12/30/19 | $326,450 |
Community Initiatives Administrative Services | 12/30/19 | $150,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $2,736,427 |
| Government grants | $0 |
| 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 | $2,736,427 |
| Total Program Service Revenue | $0 |
| Investment income | $6,929 |
| 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 | $2,743,356 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $381,296 |
| 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 | $1,075,020 |
| Pension plan accruals and contributions | $55,260 |
| Other employee benefits | $132,861 |
| Payroll taxes | $76,737 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $988 |
| Fees for services: Accounting | $9,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $127,560 |
| Advertising and promotion | $26 |
| Office expenses | $33,294 |
| Information technology | $2,607 |
| Royalties | $0 |
| Occupancy | $106,382 |
| Travel | $10,657 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,082 |
| Interest | $40,556 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $69,244 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $3,579,186 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $585,808 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,373,294 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,390,118 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,928,165 |
| Investments—program-related | $0 |
| Intangible assets | $55,614 |
| Other assets | $2,023,794 |
| Total assets | $7,356,793 |
| Accounts payable and accrued expenses | $356,433 |
| 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 | $2,702,700 |
| Total liabilities | $3,059,133 |
| Net assets without donor restrictions | -$177,382 |
| Net assets with donor restrictions | $4,475,042 |
| 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 | $7,356,793 |
Grants Awarded
Over the last fiscal year, Bridge Community Impact has awarded $786,401 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
YMCA PURPOSE: TO SUPPORT THE ORGANIZATION IN PROVIDING AFFORDABLE HOUSING | $200,000 |
BRIDGE HOUSING CORPORATION PURPOSE: TO SUPPORT THE ORGANIZATION IN PROVIDING AFFORDABLE HOUSING | $236,402 |
RIVERPLACE PARCEL 3 LLC PURPOSE: TO SUPPORT THE ORGANIZATION IN PROVIDING AFFORDABLE HOUSING | $309,999 |
14TH STREET ASSOCIATES LP PURPOSE: TO SUPPORT THE ORGANIZATION IN PROVIDING AFFORDABLE HOUSING | $26,554 |
MACARTHUR TELEGRAPH ASSOCIATES LP PURPOSE: TO SUPPORT THE ORGANIZATION IN PROVIDING AFFORDABLE HOUSING | $13,446 |