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Nonprofiteer
← BRIDGEWAY SANDBURG

Form 990 for tax year 2023

Filed by BRIDGEWAY SANDBURG.

Totals

Total revenue
$87,903
Total expenses
$179,977
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$87,217
Investment income
$381
Other revenue
$305
Total assets, end of year
$780,947
Total liabilities, end of year
$1,419,485
Net assets or fund balances, end of year
-$638,538
Program services expenses (Part IX)
$148,584
Management and general expenses
$31,393
Fundraising expenses
$0
Program service expenses (Part III)
$148,584

Program services were 82.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: HOUSING ASSISTANCE PMT

    total $46,181 · related or exempt $46,181

  • 2b · Program service revenue: APARTMENT CARRY CHARGE

    total $41,036 · related or exempt $41,036

  • 3 · Investment income

    total $381 · excluded $381

  • 11a · Other revenue: OTHER REVENUE

    total $305 · excluded $305

  • 11e · Other revenue, total

    $305

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $16,751 · program services $12,726 · management and general $4,025

  • 11a · Fees: management

    total $8,072 · management and general $8,072

  • 11c · Fees: accounting

    total $13,374 · management and general $13,374

  • 13 · Office expenses

    total $5,721 · management and general $5,721

  • 16 · Occupancy

    total $20,725 · program services $20,725

  • 19 · Conferences, conventions and meetings

    total $59 · management and general $59

  • 22 · Depreciation, depletion and amortization

    total $41,099 · program services $41,099

  • 23 · Insurance

    total $17,234 · program services $17,234

  • 24a · Other expenses: OPERATING AND MAINTENAN

    total $53,255 · program services $53,255

  • 24b · Other expenses: ENTITY EXPENSE

    total $3,314 · program services $3,314

  • 24c · Other expenses: MISC TAXES/LICESNSES/PE

    total $231 · program services $231

  • 24d · Other expenses: MISCELLANEOUS EXPENSE

    total $142 · management and general $142

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,411 · end of year $1,516

  • 4 · Accounts receivable

    beginning of year $1,360 · end of year $3,652

  • 9 · Prepaid expenses and deferred charges

    beginning of year $6,819 · end of year $3,039

  • 10a · Land, buildings and equipment: cost or other basis

    $1,505,120

  • 10b · Land, buildings and equipment: accumulated depreciation

    $923,921

  • 10c · Land, buildings and equipment, net

    beginning of year $607,285 · end of year $581,199

  • 15 · Other assets

    beginning of year $194,789 · end of year $191,541

  • 17 · Accounts payable and accrued expenses

    beginning of year $99,470 · end of year $160,791

  • 23 · Secured mortgages and notes payable

    beginning of year $1,255,800 · end of year $1,255,800

  • 25 · Other liabilities

    beginning of year $2,858 · end of year $2,894

  • 27 · Net assets without donor restrictions

    beginning of year -$546,464 · end of year -$638,538

Mission and programs · 2023

Mission

TO PROVIDE HOUSING FOR QUALIFIED LOW INCOME, DISABLED PEOPLE.

  • TO PROVIDE HOUSING FOR LOW INCOME, DISABLED PEOPLE.

    Expenses $148,584 · Revenue $87,217

As filed on the 2023 return.

Listed in Part VII

  • Steve Tibbitts

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.5 + 4.5 related

  • David Garner

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.5 + 4.5 related

  • William Nelson

    CEO/PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5 + 6 related

  • Jason Duncan

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 4.5 related

  • Chris Butcher

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 4.5 related

  • Seth Minter

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5 + 4.5 related

  • Staci Danner

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5 + 6 related

  • Jennifer Dalton

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5 + 6 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
31 January 2025
IRS schema version
2023v6.0
Source object
202540319349301039

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