Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $231,354

• 1f · All other contributions, gifts and grants

  $200

• 2a · Program service revenue: FEES FOR SERVICE

  total $1,694,886 · related or exempt $1,694,886

• 6a · Gross rents

  real property $37,599

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $37,599

• 6d · Net rental income or loss

  total $37,599 · related or exempt $37,599

• 11a · Other revenue: BAD DEBT RECOVERY

  total $28,703 · excluded $28,703

• 11e · Other revenue, total

  $28,703

Functional expenses

Part IX, the statement of functional expenses.

• 7 · Other salaries and wages

  total $20,186 · program services $17,380 · management and general $2,806

• 9 · Other employee benefits

  total $869 · program services $758 · management and general $111

• 10 · Payroll taxes

  total $1,712 · program services $1,493 · management and general $219

• 11a · Fees: management

  total $2,147,676 · program services $2,147,676

• 11g · Fees: other

  total $2,744 · program services $2,744

• 13 · Office expenses

  total $7,327 · program services $7,327

• 14 · Information technology

  total $30,739 · program services $30,739

• 16 · Occupancy

  total $16,371 · program services $16,371

• 17 · Travel

  total $4,217 · program services $4,217

• 22 · Depreciation, depletion and amortization

  total $33,393 · program services $33,393

• 23 · Insurance

  total $52 · program services $52

• 24a · Other expenses: TELEPHONE

  total $5,116 · program services $5,116

• 24b · Other expenses: OTHER EXPENSE

  total $2,988 · program services $2,988

• 24c · Other expenses: BANK FEES

  total $1,237 · management and general $1,237

• 24d · Other expenses: POSTAGE AND SHIPPING

  total $157 · program services $157

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $28,508 · end of year $25,704

• 3 · Pledges and grants receivable

  beginning of year $11,225 · end of year $7,555

• 4 · Accounts receivable

  beginning of year $111,814 · end of year $158,840

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

  $1,285,195

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

  $699,781

• 10c · Land, buildings and equipment, net

  beginning of year $611,317 · end of year $585,414

• 17 · Accounts payable and accrued expenses

  beginning of year $980 · end of year $472

• 19 · Deferred revenue

  beginning of year $80,909 · end of year $46,545

• 25 · Other liabilities

  beginning of year $1,228,127 · end of year $1,559,679

• 27 · Net assets without donor restrictions

  beginning of year -$547,152 · end of year -$829,183

The filer's explanations (Part III)

PART I, LINE 3

EMPLOYEES PROVIDING SERVICES TO LCBH ARE EMPLOYED AND COMPENSATED BY COMMUNITY BRIDGES, INC. THE CEO'S SALARY IS DETERMINED BY THE CBI BOARD OF DIRECTORS USING SALARY INFORMATION, CPI INDEX, ETC. AND APPROVED BY THE CBI BOARD AND ENTERED INTO THE MINUTES OF THE MEETING. OTHER OFFICERS/KEY EMPLOYEE'S SALARIES OF THE ORGANIZATION RECEIVE AN ANNUAL REVIEW, APPROPRIATE SALARY SURVEY INFORMATION IS USED TO DETERMINE IF A MARKET INCREASE IS DUE, OTHERWISE THE ANNUAL PERCENTAGE INCREASE IS DETERMINED BY CBI'S PRESIDENT/CEO.

PART I, LINE 7

NONFIXED BONUS PAYMENTS ARE PROVIDED AT MANAGEMENT'S DISCRETION AND THE APPROVAL OF THE BOARD OF DIRECTORS TO ITS EMPLOYEES.