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Nonprofiteer
← BRIDGE FUND OF NEW YORK INC

Form 990 for tax year 2024

Filed by BRIDGE FUND OF NEW YORK INC.

Totals

Total revenue
$2,569,061
Total expenses
$3,453,401
Contributions and grants received
$2,399,145
Grants paid
$1,407,502
Program service revenue
$0
Investment income
$169,916
Other revenue
$0
Total assets, end of year
$4,791,308
Total liabilities, end of year
$336,410
Net assets or fund balances, end of year
$4,454,898
Program services expenses (Part IX)
$2,728,263
Management and general expenses
$488,903
Fundraising expenses
$236,235
Program service expenses (Part III)
$2,728,263

Program services were 79.0% 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.

  • 1a · Federated campaigns

    $174,460

  • 1e · Government grants (contributions)

    $597,316

  • 1f · All other contributions, gifts and grants

    $1,627,369

  • 3 · Investment income

    total $118,563 · excluded $118,563

  • 7a · Gross sales of assets other than inventory

    securities $643,889

  • 7b · Less cost or other basis and sales expenses

    securities $592,536

  • 7c · Gain or loss

    securities $51,353

  • 7d · Net gain or loss

    total $51,353 · excluded $51,353

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $1,407,502 · program services $1,407,502

  • 5 · Compensation of officers, directors and key employees

    total $446,209 · program services $147,317 · management and general $189,392 · fundraising $109,500

  • 7 · Other salaries and wages

    total $865,489 · program services $701,766 · management and general $109,805 · fundraising $53,918

  • 9 · Other employee benefits

    total $106,053 · program services $83,135 · management and general $19,644 · fundraising $3,274

  • 10 · Payroll taxes

    total $124,208 · program services $81,985 · management and general $27,575 · fundraising $14,648

  • 11c · Fees: accounting

    total $900 · program services $586 · management and general $209 · fundraising $105

  • 11f · Fees: investment management

    total $34,466 · management and general $34,466

  • 11g · Fees: other

    total $88,790 · program services $58,530 · management and general $19,800 · fundraising $10,460

  • 13 · Office expenses

    total $82,583 · program services $53,036 · management and general $20,047 · fundraising $9,500

  • 14 · Information technology

    total $49,233 · program services $32,070 · management and general $11,418 · fundraising $5,745

  • 16 · Occupancy

    total $192,887 · program services $125,617 · management and general $44,762 · fundraising $22,508

  • 17 · Travel

    total $329 · management and general $329

  • 22 · Depreciation, depletion and amortization

    total $4,403 · program services $2,947 · management and general $932 · fundraising $524

  • 23 · Insurance

    total $7,697 · program services $5,015 · management and general $1,783 · fundraising $899

  • 24a · Other expenses: DUES

    total $19,833 · program services $12,848 · management and general $4,681 · fundraising $2,304

  • 24b · Other expenses: MISCELLANEOUS

    total $12,031 · program services $5,121 · management and general $4,060 · fundraising $2,850

  • 24c · Other expenses: REPAIRS AND MAINTENENCE

    total $7,541 · program services $7,541

  • 24d · Other expenses: EDUCATION FOR STAFF

    total $3,247 · program services $3,247

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $216,080 · end of year $414,376

  • 2 · Savings and temporary cash investments

    beginning of year $1,507,728 · end of year $464,073

  • 3 · Pledges and grants receivable

    beginning of year $262,000 · end of year $262,704

  • 9 · Prepaid expenses and deferred charges

    end of year $3,572

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

    $140,403

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

    $113,445

  • 10c · Land, buildings and equipment, net

    beginning of year $45,725 · end of year $26,958

  • 11 · Investments: publicly traded securities

    beginning of year $2,949,206 · end of year $3,515,062

  • 15 · Other assets

    beginning of year $193,461 · end of year $104,563

  • 17 · Accounts payable and accrued expenses

    beginning of year $72,382 · end of year $130,525

  • 25 · Other liabilities

    beginning of year $264,110 · end of year $205,885

  • 27 · Net assets without donor restrictions

    beginning of year $1,837,632 · end of year $859,296

  • 28 · Net assets with donor restrictions

    beginning of year $3,000,076 · end of year $3,595,602

Mission and programs · 2024

Mission

THE PREVENTION OF HOMELESSNESS. THE BRIDGE FUND OFFERS CLIENTS AT RISK OF HOMELESSNESS A COMBINATION OF FINANCIAL ASSISTANCE THROUGH INTEREST FREE LOANS OR GRANTS AND FINANCIAL COUNSELING.

Activities or mission (Part I)

THE PREVENTION OF HOMELESSNESS.

  • THE PREVENTION OF HOMELESSNESS. THE BRIDGE FUND OFFERS CLIENTS AT RISK OF HOMELESSNESS A COMBINATION OF FINANCIAL ASSISTANCE THROUGH INTEREST FREE LOANS OR GRANTS AND FINANCIAL COUNSELING.

    Expenses $2,728,263 · Grants $1,407,502

As filed on the 2024 return.

Listed in Part VII

  • Benjamin K Joseph

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Bruce Barniker

    TREASURER

    Total calculated
    $0
    Hours/week
    2
  • D Roger B Liddell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Eon Parks

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Foster L Birch

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2
  • James E Thatcher

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Mary Nan Pollock

    CO-FOUNDER

    Total calculated
    $0
    Hours/week
    2
  • Oscar S Pollock

    CHAIRMAN/CO-FOUNDER

    Total calculated
    $0
    Hours/week
    2
  • Paul H Jenkel

    FORMER VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2
  • Richard D Ditoro

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2
  • Tony Pandjiris

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2
  • Anthony Sabia

    EXECUTIVE DIRECTOR (OUTGOING)

    Total calculated
    $46,903
    From this org
    $41,715
    From related orgs
    $0
    Other
    $5,188
    Hours/week
    50
  • Leonard Perlson

    FINANCIAL CONTROLLER

    Total calculated
    $96,268
    From this org
    $95,468
    From related orgs
    $0
    Other
    $800
    Hours/week
    40
  • Maria L Toledo

    EXECUTIVE DIRECTOR

    Total calculated
    $158,326
    From this org
    $141,628
    From related orgs
    $0
    Other
    $16,698
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $141,628
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $16,698
    Filer's total
    $158,326

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
7 November 2025
IRS schema version
2024v5.2
Source object
202503119349302395

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