Bridge Housing Corporation
- Assets
- $232.1m
- Revenue
- $69.1m
- Investments
- $0.0
- Employees
- 201
- Location
- San Francisco, CA
- Founding
- 01/1983
- Data as of
- 12/2022
- EIN
- 94-2827909
Organization Overview
Bridge Housing Corporation is located in San Francisco, CA. The organization was established in 1983. 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 12/2022, Bridge Housing Corporation employed 201 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bridge Housing Corporation 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 Housing Corporation generated $69.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $45.9m during the year ending 12/2022. While expenses have increased by 2.1% per year over the past 7 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.
Since 2014, Bridge Housing Corporation has awarded 120 individual grants totaling $67,332,040. 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: BRIDGE HOUSING CORPORATION (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
BRIDGE HOUSING CORPORATION ("BRIDGE") CREATES HIGH-QUALITY, AFFORDABLE HOMES FOR WORKING FAMILIES AND SENIORS. WITH 21,000 HOMES PLACED IN SERVICE AND 8,100 UNITS CURRENTLY IN PROGRESS, BRIDGE IS AMONG THE LARGEST AFFORDABLE HOUSING DEVELOPERS. BRIDGE BUILDS A RANGE OF HOUSING TYPES THAT NOT ONLY FIT COMFORTABLY INTO THEIR SURROUNDINGS BUT ALSO ACT AS A CATALYST FOR REVITALIZING AND STRENGTHENING NEIGHBORHOODS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adrienne Quinn Director | Trustee | 1.8 | $0 |
Chuck Weinstock Director (outgoing) | Trustee | 1.8 | $0 |
Connie Moore Director | Trustee | 1.8 | $0 |
Daryl Carter Director | Trustee | 1.8 | $0 |
Ed Mcnamara Director | Trustee | 1.8 | $0 |
Joseph Hagan Director (outgoing) | Trustee | 1.8 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Simkin Search Llc Co Caroline C Simki Recruiting Services | 12/30/22 | $165,029 |
Atrium Staffing Llc Staffing Services | 12/30/22 | $145,869 |
Mitchelville Real Estate Group Ca Llc Development Consulting | 12/30/22 | $140,645 |
Andrew Turner Development Consulting | 12/30/22 | $130,497 |
Kango Development Llc Development Consulting | 12/30/22 | $124,508 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $8,826,467 |
| Government grants | $756,291 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,723,121 |
| Noncash contributions included in lines 1a–1f | $100,593 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $22,305,879 |
| Total Program Service Revenue | $41,274,189 |
| Investment income | $5,582,443 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$94,207 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $69,068,304 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $9,471,303 |
| 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. | $4,516,882 |
| Compensation of current officers, directors, key employees. | $851,451 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,984,220 |
| Pension plan accruals and contributions | $224,051 |
| Other employee benefits | $1,410,713 |
| Payroll taxes | $931,503 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $309,599 |
| Fees for services: Accounting | $214,562 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,638,924 |
| Advertising and promotion | $0 |
| Office expenses | $770,536 |
| Information technology | $281,575 |
| Royalties | $0 |
| Occupancy | $1,595,799 |
| Travel | $201,307 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $238,553 |
| Interest | $3,337,268 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $478,541 |
| Insurance | $256,079 |
| All other expenses | $22,348 |
| Total functional expenses | $45,918,287 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $71,042,209 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $60,317,603 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $66,468,529 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $670,810 |
| Net Land, buildings, and equipment | $8,453,378 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $20,911,363 |
| Intangible assets | $1,112,420 |
| Other assets | $3,085,391 |
| Total assets | $232,061,703 |
| Accounts payable and accrued expenses | $7,985,808 |
| Grants payable | $0 |
| Deferred revenue | $1,502,236 |
| Tax-exempt bond liabilities | $101,489,583 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $3,336,669 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,865,150 |
| Total liabilities | $118,179,446 |
| Net assets without donor restrictions | $111,955,257 |
| Net assets with donor restrictions | $1,927,000 |
| 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 | $232,061,703 |
Grants Awarded
Over the last fiscal year, Bridge Housing Corporation has awarded $2,900,118 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
BRIDGE COMMUNITY IMPACT PURPOSE: TO SUPPORT PROJECT DEVELOPMENT OF THE AFFILIATED ORGANIZATION | $2,680,143 |
BRIDGE COMMUNITY DEVELOPMENT INC PURPOSE: TO SUPPORT PROJECT DEVELOPMENT OF THE AFFILIATED ORGANIZATION | $28,311 |
BRIDGE HOUSING VENTURESINC PURPOSE: TO SUPPORT PROJECT DEVELOPMENT OF THE AFFILIATED ORGANIZATION | $25,412 |
MCB FAMILY HOUSING INC PURPOSE: TO SUPPORT PROJECT DEVELOPMENT OF THE AFFILIATED ORGANIZATION | $21,725 |
BRIDGE HOMES INC PURPOSE: TO SUPPORT PROJECT DEVELOPMENT OF THE AFFILIATED ORGANIZATION | $6,325 |
BRIDGE NORTHWEST DEVELOPMENTINC PURPOSE: TO SUPPORT PROJECT DEVELOPMENT OF THE AFFILIATED ORGANIZATION | $18,884 |