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Nonprofiteer
← BRIDGES TO HOUSING STABILITY INC

Form 990 for tax year 2023

Filed by BRIDGES TO HOUSING STABILITY INC.

Totals

Total revenue
$3,699,288
Total expenses
$3,188,693
Contributions and grants received
$2,961,095
Grants paid
$917,763
Program service revenue
$589,682
Investment income
$22,505
Other revenue
$126,006
Total assets, end of year
$9,185,997
Total liabilities, end of year
$1,828,410
Net assets or fund balances, end of year
$7,357,587
Program services expenses (Part IX)
$2,508,716
Management and general expenses
$610,747
Fundraising expenses
$69,230
Program service expenses (Part III)
$2,508,716

Program services were 78.7% 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.

  • 1c · Fundraising events

    $15,706

  • 1e · Government grants (contributions)

    $2,716,347

  • 1f · All other contributions, gifts and grants

    $229,042

  • 1g · Noncash contributions included above

    $44,539

  • 2a · Program service revenue: HOUSING RENTAL INCOME

    total $589,682 · related or exempt $589,682

  • 3 · Investment income

    total $22,505 · excluded $22,505

  • 8a · Fundraising events: gross income

    $145,983

  • 8a · Fundraising events: contributions included on line 1c

    $15,706

  • 8b · Fundraising events: direct expenses

    $19,977

  • 8c · Net income from fundraising events

    total $126,006 · excluded $126,006

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $917,763 · program services $917,763

  • 5 · Compensation of officers, directors and key employees

    total $114,199 · program services $35,402 · management and general $62,809 · fundraising $15,988

  • 7 · Other salaries and wages

    total $827,711 · program services $600,503 · management and general $184,779 · fundraising $42,429

  • 8 · Pension plan contributions

    total $16,954 · program services $14,255 · management and general $2,232 · fundraising $467

  • 9 · Other employee benefits

    total $90,965 · program services $65,889 · management and general $21,173 · fundraising $3,903

  • 10 · Payroll taxes

    total $74,615 · program services $49,986 · management and general $20,199 · fundraising $4,430

  • 11b · Fees: legal

    total $1,933 · management and general $1,933

  • 11c · Fees: accounting

    total $20,790 · management and general $20,790

  • 11g · Fees: other

    total $112,100 · program services $19,034 · management and general $92,654 · fundraising $412

  • 13 · Office expenses

    total $63,030 · program services $7,534 · management and general $54,046 · fundraising $1,450

  • 16 · Occupancy

    total $40,534 · program services $21,109 · management and general $19,056 · fundraising $369

  • 17 · Travel

    total $136 · program services $59 · management and general $75 · fundraising $2

  • 20 · Interest

    total $33,670 · program services $31,477 · management and general $2,193

  • 22 · Depreciation, depletion and amortization

    total $218,874 · program services $203,721 · management and general $15,153

  • 23 · Insurance

    total $36,509 · program services $22,145 · management and general $14,364

  • 24a · Other expenses: RENTAL UNITS

    total $419,457 · program services $365,947 · management and general $53,876 · fundraising -$366

  • 24b · Other expenses: REPAIRS AND MAINTENANCE

    total $199,453 · program services $153,892 · management and general $45,415 · fundraising $146

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $332,699 · end of year $142,516

  • 2 · Savings and temporary cash investments

    beginning of year $583,572 · end of year $1,096,845

  • 3 · Pledges and grants receivable

    beginning of year $345,109 · end of year $129,344

  • 4 · Accounts receivable

    beginning of year $6,383 · end of year $58,920

  • 9 · Prepaid expenses and deferred charges

    beginning of year $98,108 · end of year $13,827

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

    $8,894,414

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

    $1,650,790

  • 10c · Land, buildings and equipment, net

    beginning of year $6,653,006 · end of year $7,243,624

  • 15 · Other assets

    beginning of year $604,935 · end of year $500,921

  • 17 · Accounts payable and accrued expenses

    beginning of year $121,499 · end of year $148,091

  • 19 · Deferred revenue

    beginning of year $229,216 · end of year $374,586

  • 23 · Secured mortgages and notes payable

    beginning of year $818,977 · end of year $795,460

  • 25 · Other liabilities

    beginning of year $607,128 · end of year $510,273

  • 27 · Net assets without donor restrictions

    beginning of year $2,718,038 · end of year $2,480,422

  • 28 · Net assets with donor restrictions

    beginning of year $4,128,954 · end of year $4,877,165

Mission and programs · 2023

Mission

TO PROVIDE A PATH TO SELF-SUFFICIENCY TO PREVENT AND END HOMELESSNESS THROUGH AFFORDABLE HOUSING SOLUTIONS AND ADVOCACY IN HOWARD COUNTY, MARYLAND.

Activities or mission (Part I)

PROVIDES ASSISTANCE TO LOW-INCOME HOUSEHOLDS EXPERIENCING HOMELESSNESS AND THOSE WITH HOUSING INSTABILITY.

  • HOUSING STABILITY PROGRAM: THIS PROGRAM INCLUDES PERMANENT SUPPORTIVE HOUSING, RAPID REHOUSING, COORDINATED ENTRY SYSTEM (CES) CASE MANAGEMENT, AND EVICTION PREVENTION. THIS IS A HOUSING FIRST AND TRAUMA INFORMED PROGRAM FOR LOW-INCOME HOUSEHOLDS EXPERIENCING HOMELESSNESS OR AT IMMINENT RISK OF LOSING HOUSING. IN ADDITION TO REHOUSING AND PREVENTION SERVICES, CLIENTS ARE PROVIDED TENANT SUCCESS WORKSHOPS, BUDGETING ASSISTANCE, AND REFERRALS TO COMMUNITY RESOURCES INCLUDING FOOD, CLOTHING, FURNITURE, WORKFORCE DEVELOPMENT, CHILDCARE VOUCHERS ETC. FOLLOW-UP SUPPORT IS GIVEN TO ALL REHOUSED HOUSEHOLDS TO ENSURE LONG-TERM STABILITY. THE PROGRAM'S ACTIVITIES REHOUSED20 HOUSEHOLDS, 6 PREVENTED EVICTIONS, AND SERVED 300 INDIVIDUALS, 125 WERE CHILDREN.

    Expenses $1,146,559 · Grants $569,793

  • BRIDGES ALLIANCE PROGRAM: AFFORDABLE BELOW MARKET RENTAL HOUSING WITH A CIRCLE OF SUPPORT FOR LOW-INCOME WORKING HOUSEHOLDS; REDUCES HOUSEHOLD RENTAL BURDEN, PROVIDES FINANCIAL AND GOAL-ORIENTED EDUCATION, AND HOUSING STABILITY GOAL PLANS. PROVIDED 53 SCATTERED SITES BELOW MARKET RENTAL HOMES FOR WORKING HOUSEHOLDS, WITH 159 INDIVIDUALS SERVED, INCLUDING 77 OF THEM CHILDREN.

    Expenses $1,110,900 · Grants $163,482 · Revenue $589,682

  • HOUSING CONNECTIONS PROGRAM: ENABLES PARTNERSHIPS BETWEEN LANDLORDS AND TENANTS THAT LOWER HOUSING BARRIERS FOR LOW-INCOME HOUSEHOLDS AND ENSURES SUCCESSFUL RENTALS. CASE MANAGEMENT AND BI-MONTHLY HOME-VISITS GIVE TENANTS EXTRA SUPPORT DURING THEIR LEASE TERM AND CREATES POSITIVE RELATIONSHIPS AND EXPERIENCES WITH LANDLORDS. 38 HOUSEHOLDS WERE REHOUSED, 9 EVICTIONS PREVENTED, AND 171 INDIVIDUALS SERVED, 107 WERE CHILDREN.

    Expenses $251,257 · Grants $184,488

  • HELP END HOMELESSNESS HOWARD COUNTY PROGRAM: AN AFFORDABLE RENTAL HOUSING PROGRAM FOR VERY LOW-INCOME FAMILIES WITH CHILDREN THAT ARE EXPERIENCING HOMELESSNESS OR AN IMMINENT RISK OF BECOMING HOMELESS. HOUSING COSTS ARE SET TO BE 30% OF THE HOUSEHOLD'S INCOME. THE HOUSEHOLDS MEET THE ELIGIBILITY STANDARDS OF THE HOWARD COUNTY COORDINATED ENTRY SYSTEM. THE PROGRAM PROVIDED 5 SCATTERED SITE HOMES FOR 20 INDIVIDUALS, 15 WERE CHILDREN.FAMILY HOME START PROGRAM: PROVIDES HOUSING ASSISTANCE TO FAMILIES THAT ARE EXPERIENCING HOMELESSNESS AND HAVE CHILDREN IN THE HOWARD COUNTY PUBLIC SCHOOLS. THIS PROGRAM WAS LAUNCHED IN FEBRUARY 2024 AND REHOUSED 20 HOUSEHOLDS, AND ASSISTED 223 INDIVIDUALS, 117 WERE CHILDREN.

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jennifer Broderick

    EXECUTIVE DIRECTOR

    Total calculated
    $109,211
    From this org
    $105,635
    From related orgs
    $0
    Other
    $3,576
    Hours/week
    40

  • Reid Spearman

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Patrick Curran

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Ruth Hoang

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Dona Oldfield

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Alice Gail Pollard Clark

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Waqas Hussain

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sara Johnson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Rogers Lewis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Toniann Mendelzon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Kathy O'Donovan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Natasha Ramburg

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

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
2023
Filed
12 May 2025
IRS schema version
2023v6.0
Source object
202501339349302775

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