Bridge Of Hope Inc
- Assets
- $593.1k
- Revenue
- $268.7k
- Investments
- $0.0
- Employees
- 8
- Location
- Harrisonburg, VA
- Founding
- 00/0000
- Data as of
- 03/2024
- EIN
- 90-0451234
Organization Overview
Bridge Of Hope Inc is located in Harrisonburg, VA. The organization was established in 0000. 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 8 individuals. This organization is a subordinate organization within 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 $268.7k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 16.9% each year . All expenses for the organization totaled $221.0k during the year ending 03/2024. While expenses have increased by 11.3% per year over the past 8 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
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
IN THE 2023-24 FISCAL YEAR, BRIDGE OF HOPE HARRISONBURG-ROCKINGHAM SERVED 9 FAMILIES, COMPRISED OF 9 ADULTS AND 20 DEPENDENT CHILDREN. THIS INCLUDES BRINGING FIVE NEW FAMILIES INTO THE PROGRAM. FOUR FAMILIES GRADUATED THIS YEAR, HAVING SPENT AN AVERAGE OF 19 MONTHS IN THE PROGRAM. 100% OF THE 2023-24 GRADUATING FAMILIES WERE IN SAFE AND SUSTAINABLE HOUSING, 100% OF THE GRADUATING PARENTS WERE EMPLOYED, AND 75% OF THE EXITING FAMILIES HAD INCREASED INCOME. WE ENGAGED 56 NEIGHBORING VOLUNTEERS THIS YEAR, OF WHOM 27 WERE NEWLY-TRAINED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deirdre Longacher Smeltzer Executive Director | Officer | 25 | $0 |
Victoria Jenson Treasurer (beginning 1/1/24) | OfficerTrustee | 5 | $0 |
Deborah Raynes Chair | OfficerTrustee | 5 | $0 |
Courtney Teague Vice Chair | OfficerTrustee | 5 | $0 |
Christi Seidel Immediate Past Ed | Officer | 25 | $33,517 |
Jessica Harrison Treasurer (through 12/31/23) | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $41,835 |
| Related organizations | $0 |
| Government grants | $6,250 |
| All other contributions, gifts, grants, and similar amounts not included above | $169,174 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $217,259 |
| Total Program Service Revenue | $0 |
| Investment income | $25,221 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $26,220 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $268,700 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $797 |
| 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. | $36,080 |
| Compensation of current officers, directors, key employees. | $14,432 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $81,822 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,260 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,286 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $7,577 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,100 |
| Travel | $1,447 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,906 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,723 |
| All other expenses | $74 |
| Total functional expenses | $221,002 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,652 |
| Savings and temporary cash investments | $313,655 |
| 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 | $262,808 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $593,115 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $593,115 |
| 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 | $593,115 |