City Of Bridges Clt
- Assets
- $3.8m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 6
- Location
- Pittsburgh, PA
- Founding
- 12/2019
- Data as of
- 09/2021
- EIN
- 84-3040502
Organization Overview
City Of Bridges Clt is located in Pittsburgh, PA. The organization was established in 2019. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 09/2021, City Of Bridges Clt employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. City Of Bridges Clt 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 09/2021, City Of Bridges Clt generated $1.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (16.9%) each year. All expenses for the organization totaled $531.6k during the year ending 09/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO BUILD COMMUNITY OWNERSHIP THAT PRESERVES PERMANENT AFFORDABILITY, EMPOWERS INDIVIDUALS, AND ENSURES RESPONSIBLE GROWTH AND STEWARDSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NEIGHBORHOOD DEVELOPMENT - REVITALIZING RESIDENTIAL PROPERTIES IN THE CITY OF PITTSBURGH AND ALLEGHENY COUNTY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ed Nusser Executive Dir. | Officer | 40 | $94,968 |
Adelina Malito Secretary | OfficerTrustee | 2 | $0 |
Ivette Mongalo-Winston Vice President | OfficerTrustee | 2 | $0 |
John Rhoades Treasurer | OfficerTrustee | 2 | $0 |
Tiffany Wilhelm President | OfficerTrustee | 2 | $0 |
George Arendas Director | Trustee | 2 | $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 | $1,345,071 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,345,071 |
| Total Program Service Revenue | $124,750 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $29,222 |
| 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 | $1,502,641 |
| 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. | $94,968 |
| Compensation of current officers, directors, key employees. | $18,844 |
| Compensation to disqualified persons | $197,195 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $49,169 |
| Payroll taxes | $23,956 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,061 |
| Advertising and promotion | $8,188 |
| Office expenses | $3,279 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $206 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,287 |
| Interest | $10,338 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,550 |
| Insurance | $4,555 |
| All other expenses | $21,293 |
| Total functional expenses | $531,565 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,167,335 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $26,638 |
| 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 | $7,499 |
| Net Land, buildings, and equipment | $9,486 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,541,563 |
| Total assets | $3,752,521 |
| Accounts payable and accrued expenses | $15,819 |
| 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 | $198,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $931,649 |
| Total liabilities | $1,145,468 |
| Net assets without donor restrictions | $1,713,405 |
| Net assets with donor restrictions | $893,648 |
| 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 | $3,752,521 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that City Of Bridges Clt has recieved totaling $255,005.
| Awarding Organization | Amount |
|---|---|
The Heinz Endowments Pittsburgh, PA PURPOSE: TO CREATE 12 PERMANENTLY AFFORDABLE HOMES FOR HOUSEHOLDS AT 50-80% OF THE REGION'S AREA MEDIAN INCOME AT A KEY GATEWAY TO HAZELWOOD | $200,000 |
The Buhl Foundation Pittsburgh, PA PURPOSE: TO SUPPORT CITY OF BRIDGES' ON-GOING ENGAGEMENT AND REAL ESTATE PLANNING ON THE NORTHSIDE AND THE EXPANSION OF "PERMANENT AFFORDABILITY" HOUSING INTO NORTHSIDE NEIGHBORHOODS | $45,000 |
Opportunity Foundation Pittsburgh, PA PURPOSE: CHARITABLE | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Endowment Analysis
| Beg. Balance | $185,000 |
| Net Contributions | $75,976 |
| Ending Balance | $260,976 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nhp Foundation New York, NY | $288,555,579 | $98,614,983 |
Enterprise Community Development Inc Columbia, MD | $150,433,261 | $43,987,858 |
Viecare Beaver Llc Cranberry Township, PA | $43,089,373 | $46,860,704 |
Renewal Housing Inc North Bethesda, MD | $14,557,789 | $3,551,240 |
Columbus Property Management & Development Inc Philadelphia, PA | $30,446,777 | $36,581,885 |
Nycha Ii Housing Development Fund Corporation New York, NY | $21,607,256 | $75,418,815 |
Eihab Human Services New Jersey Inc Springfield Gardens, NY | $6,084,233 | $34,447,037 |
West Side Federation For Senior Housing Inc New York, NY | $138,485,239 | $41,412,403 |
Mainstay Life Services Pittsburgh, PA | $23,133,484 | $27,133,047 |
East Harlem Pilot Block Housing Development Fund Co Inc New York, NY | $76,192,730 | $32,420,395 |
Orange Affordable Housing Inc New York, NY | $0 | $0 |
Housing Visions Unlimited Inc Syracuse, NY | $54,882,329 | $24,284,268 |