Homebridge Ventures Inc
- Assets
- $102.2k
- Revenue
- $337.6k
- Investments
- $0.0
- Employees
- 4
- Location
- Bridgeport, CT
- Founding
- Data as of
- 12/2022
- EIN
- 86-1687817
Organization Overview
Homebridge Ventures Inc is located in Bridgeport, CT. 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 12/2022, Homebridge Ventures Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Homebridge Ventures Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
HOMEBRIDGE VENTURES SEEKS TO BREAK THE CYCLE OF RECIDIVISM THROUGH TRANSFORMATIVE RELATIONSHIPS,TRAUMA-RESPONSIVE JOB TRAINING AND PLACEMENT, AND A SUPPORTIVE COMMUNITY FOR JUSTICE-INVOLVED PEOPLE THAT LEADS TO THE OPPORTUNITY TO HEAL AND TO OBTAIN GAINFUL EMPLOYMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SECOND CHANCE RE-ENTRY SERVICES: THE GOAL OF THE PROGRAM IS TO PROVIDE AN OUTSIDE RESOURCE TO WORK WITH EACH OF THE EMPLOYEES, INDIVIDUALLY AND AS A GROUP, TO PROVIDE THE WRAP-AROUND SERVICES THAT WILL MOVE EMPLOYEES FROM HANGING ON TO THRIVING.
HUB PROGRAMS - THE PROGRAM PROVIDES TRAUMA-INFORMED GROUP AND INDIVIDUAL COUNSELING TO MEN AND WOMEN RETURNING FROM INCARCERATION. ADDITIONALLY, IT PREPARES MEMBERS FOR EMPLOYMENT THROUGH WORKFORCE-DEVELOPMENT TRAINING, FINANCIAL LITERACY, AND SOFT-SKILLS SUPPORT.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Stubbs Executive Director | Officer | 40 | $5,000 |
Marc Donald Chairman | OfficerTrustee | 2 | $0 |
Serge Karpow Director, Secretary | OfficerTrustee | 2 | $0 |
Adrienne Farrar Houel Director | Trustee | 2 | $0 |
Ashley Hampton Director | Trustee | 2 | $0 |
John Owen 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 | $263,487 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $263,487 |
| Total Program Service Revenue | $74,116 |
| Investment income | $0 |
| 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 | $337,603 |
| 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. | $20,803 |
| Compensation of current officers, directors, key employees. | $8,321 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $88,437 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,577 |
| Payroll taxes | $13,846 |
| Fees for services: Management | $25,047 |
| 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 | $0 |
| Advertising and promotion | $9,645 |
| Office expenses | $4,786 |
| Information technology | $4,501 |
| Royalties | $0 |
| Occupancy | $12,699 |
| Travel | $3,025 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $7,088 |
| All other expenses | $3,878 |
| Total functional expenses | $237,708 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $87,956 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $14,229 |
| Total assets | $102,185 |
| Accounts payable and accrued expenses | $1,691 |
| 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 | $0 |
| Total liabilities | $1,691 |
| Net assets without donor restrictions | $100,494 |
| Net assets with donor restrictions | $0 |
| 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 | $102,185 |