Bridge Housing Corporation - Southern California
- Assets
- $17.4m
- Revenue
- $5.8m
- Investments
- $0.0
- Employees
- 0
- Location
- San Francisco, CA
- Founding
- 02/1996
- Data as of
- 12/2023
- EIN
- 94-3233154
Organization Overview
Bridge Housing Corporation - Southern California is located in San Francisco, CA. The organization was established in 1996. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bridge Housing Corporation - Southern California 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 12/2023, Bridge Housing Corporation - Southern California generated $5.8m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $8.2m during the year ending 12/2023. While expenses have increased by 5.5% per year over the past 9 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
2023
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 CORPORATION IS A GENERAL PARTNER IN SEVERAL PARTNERSHIPS THAT OWN AND OPERATE AFFORDABLE HOUSING PROJECTS FOR LOW-INCOME PERSONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth Lombard President/director | OfficerTrustee | 1 | $0 |
Delphine Sherman Vice President & Cfo/director | OfficerTrustee | 1 | $0 |
Rebecca Hlebasko Vice President & Secretary/director | OfficerTrustee | 1 | $0 |
James Mather Vice President/director | OfficerTrustee | 1 | $0 |
Sierra Atilano Vice President/director | OfficerTrustee | 1 | $0 |
Aruna Doddapaneni Vice President (outgoing) | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $11,748 |
| Government grants | $271,712 |
| 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 | $283,460 |
| Total Program Service Revenue | $5,421,165 |
| Investment income | $42,874 |
| 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 | $5,822,650 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $914,026 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $646,080 |
| Fees for services: Legal | $8,778 |
| Fees for services: Accounting | $75,338 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $974,947 |
| Advertising and promotion | $0 |
| Office expenses | $42,276 |
| Information technology | $46,722 |
| Royalties | $0 |
| Occupancy | $2,823,877 |
| Travel | $10,675 |
| 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 | $957,876 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $8,205,263 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $413,751 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,371,471 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $39,184 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,881 |
| Net Land, buildings, and equipment | $13,695,844 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $274,304 |
| Other assets | $1,598,895 |
| Total assets | $17,398,330 |
| Accounts payable and accrued expenses | $152,695 |
| Grants payable | $0 |
| Deferred revenue | $40,041 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $263,519 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $19,563,250 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $17,853,776 |
| Total liabilities | $37,873,281 |
| Net assets without donor restrictions | -$20,474,951 |
| 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 | $17,398,330 |