Form 990 for tax year 2022
Filed by BRIDGE INVESTMENT COMMUNITY DEVELOPMENT CORPORATION.
Totals
- Total revenue
- $590,634
- Total expenses
- $142,140
- Contributions and grants received
- $516,698
- Grants paid
- $0
- Program service revenue
- $77,416
- Investment income
- $0
- Other revenue
- -$3,480
- Total assets, end of year
- $3,078,238
- Total liabilities, end of year
- $1,404,233
- Net assets or fund balances, end of year
- $1,674,005
- Program services expenses (Part IX)
- $104,398
- Management and general expenses
- $37,742
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $104,398
Program services were 73.4% 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.
-
1f · All other contributions, gifts and grants
$516,698
-
2a · Program service revenue: INTEREST INCOME-CASH
total $331 · related or exempt $331
-
2b · Program service revenue: INTEREST INCOME-LOANS
total $68,850 · related or exempt $68,850
-
2c · Program service revenue: LOAN FEE REVENUE
total $6,850 · related or exempt $6,850
-
2d · Program service revenue: MISC INCOME
total $1,175 · related or exempt $1,175
-
2e · Program service revenue: RETURNED CHECK CHARGES
total $210 · related or exempt $210
-
3 · Investment income
total $0
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6a · Gross rents
real property $11,700
-
6b · Less rental expenses
real property $15,180
-
6c · Rental income or loss
real property -$3,480
-
6d · Net rental income or loss
total -$3,480 · related or exempt -$3,480
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $18,685 · program services $685 · management and general $18,000
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $1,459 · management and general $1,459
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $2,411 · program services $2,411
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $8,692 · program services $8,692
-
17 · Travel
total $258 · program services $258
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $36,693 · program services $36,693
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $1,674 · management and general $1,674
-
23 · Insurance
total $4,417 · management and general $4,417
-
24a · Other expenses: SUBCONTRACT
total $25,616 · program services $25,616
-
24b · Other expenses: PROVISION FOR LOAN LOSS
total $20,035 · program services $20,035
-
24c · Other expenses: MARKETING
total $8,462 · management and general $8,462
-
24d · Other expenses: SUBCONTRACT INS
total $5,612 · program services $5,612
-
24e · All other expenses
total $8,126 · program services $4,396 · management and general $3,730
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $140,580 · end of year $101,265
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
beginning of year $7,576 · end of year $8,549
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
beginning of year $2,316,709 · end of year $2,756,283
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$156,693
-
10b · Land, buildings and equipment: accumulated depreciation
$42,308
-
10c · Land, buildings and equipment, net
beginning of year $121,659 · end of year $114,385
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $68,469 · end of year $97,756
-
17 · Accounts payable and accrued expenses
beginning of year $46,133 · end of year $73,032
-
23 · Secured mortgages and notes payable
beginning of year $1,382,374 · end of year $1,330,226
-
25 · Other liabilities
beginning of year $975 · end of year $975
-
27 · Net assets without donor restrictions
beginning of year $1,195,015 · end of year $1,483,728
-
28 · Net assets with donor restrictions
beginning of year $30,496 · end of year $190,277
Mission and programs · 2022
Mission
SUPPORT JOB CREATION AND ECONOMIC GROWTH BY PROVIDING COMMUNITY BASED LENDING AND INVESTMENT WHILE FOSTERING THE CREATION AND PRESERVATION OF LOW AND MODERATE INCOME HOUSING FOR LOW AND MODERATE INCOME HOUSEHOLDS.
Activities or mission (Part I)
SUPPORT JOB CREATION AND ECONOMIC GROWTH IN LOW AND MODERATE INCOME COMMUNITIES BY PROVIDING COMMUNITY BASED LENDING AND INVESTMENT.
-
PROMOTED THE PURPOSE OF THE ORGANIZATION TO RECRUIT MEMBERS WHO ARE COMMITTED TO THE ORGANIZATION'S MISSION AND ADMINISTERED LENDING ACTIVITIES INCLUDING ORIGINATING AND SERVICING LOANS.
Expenses $104,398 · Revenue $75,700
As filed on the 2022 return.
Listed in Part VII
-
Aj LossAJ LOSS
Past Vice Chair
- Total calculated
- $0
- Hours/week
- 0
-
Sameer KulkarniSAMEER KULKARNI
Director
- Total calculated
- $0
- Hours/week
- 0
-
Brian HollenbackBRIAN HOLLENBACK
Executive Dir.
- Total calculated
- $0
- Hours/week
- 1
-
Dan BlocherDAN BLOCHER
Director
- Total calculated
- $0
- Hours/week
- 0
-
Karen ReynoldsKAREN REYNOLDS
Director
- Total calculated
- $0
- Hours/week
- 0
-
Marcus WynnMARCUS WYNN
Director
- Total calculated
- $0
- Hours/week
- 0
-
Chuck SorensenCHUCK SORENSEN
Director
- Total calculated
- $0
- Hours/week
- 0
-
John DalyJOHN DALY
Director
- Total calculated
- $0
- Hours/week
- 0
-
Justin PetersonJUSTIN PETERSON
Director
- Total calculated
- $0
- Hours/week
- 0
-
Matt WynnMATT WYNN
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Frank NowinskiFRANK NOWINSKI
Director
- Total calculated
- $0
- Hours/week
- 0
-
Dirk MemingerDIRK MEMINGER
Secretary
- Total calculated
- $0
- Hours/week
- 0
-
Kevin SchoonmakerKEVIN SCHOONMAKER
Chair
- Total calculated
- $0
- Hours/week
- 1
-
Ric ParadesRIC PARADES
Director
- Total calculated
- $0
- Hours/week
- 1
-
Dr Ahmed OkbaDR AHMED OKBA
Director
- Total calculated
- $0
- Hours/week
- 0
-
Lawrence DavisLAWRENCE DAVIS
Director
- Total calculated
- $0
- Hours/week
- 0
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.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 30 June 2023
- IRS schema version
- 2022v5.0
- Source object
- 202301819349300620
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