Civic Intelligence

Bridge Homes Inc

990 • Fiscal year 2014 • EIN 13-3626917

Jul 01, 2013 to Jun 30, 2014 • Filed on Apr 01, 2015

129 Fulton StreetNew York, NY 10038

(212) 776-2080

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

100th percentile

64.02x

Higher debt load relative to assets than 100% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Liabilities / Revenue

78th percentile

0.30x

Higher debt load relative to revenue than 78% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Net Margin

21st percentile

-9.8%

Higher net margin than 21% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Top Officer Pay

98th percentile

$327,734

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 51.4% of source-year revenue.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2014

Asset Growth

1st percentile

-67%

Faster asset growth than 1% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Revenue Growth

37th percentile

-1.0%

Faster revenue growth than 37% of similar nonprofits.

2014 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Assets

Down

$3,030

Down $6,224 (-67%) from 2013

Net Assets

Down

-$190,949

Down $62,611 (-49%) from 2013

Liabilities

Up

$193,979

Up $56,387 (+41%) from 2013

Revenue

Down

$637,920

Down $6,240 (-1.0%) from 2013

Expenses

Up

$700,531

Up $54,392 (+8.4%) from 2013

Net Income

Down

-$62,611

Down $60,632 (-3064%) from 2013

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$500K$0-$500KAssets 2010: $21,325Liabilities 2010: $160,160Net Assets 2010: -$138,8352010Assets 2011: $12,534Liabilities 2011: $157,523Net Assets 2011: -$144,9892011Assets 2012: $17,361Liabilities 2012: $143,720Net Assets 2012: -$126,3592012Assets 2013: $9,254Liabilities 2013: $137,592Net Assets 2013: -$128,3382013Assets 2014: $3,030Liabilities 2014: $193,979Net Assets 2014: -$190,9492014Assets 2015: $5,144Liabilities 2015: $274,928Net Assets 2015: -$269,7842015Assets 2016: $5,681Liabilities 2016: $266,452Net Assets 2016: -$260,7712016Assets 2017: $4,732Liabilities 2017: $310,778Net Assets 2017: -$306,0462017Assets 2018: $122,799Liabilities 2018: $444,868Net Assets 2018: -$322,0692018Assets 2019: $57,980Liabilities 2019: $433,498Net Assets 2019: -$375,5182019Assets 2020: $0Liabilities 2020: $0Net Assets 2020: $02020

Highlighted filing

2014

Assets$3,030
Liabilities$193,979
Net Assets-$190,949

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KExpenses 2010: $558,9082010Expenses 2011: $592,5562011Expenses 2012: $618,9702012Revenue 2013: $644,160Expenses 2013: $646,139Net Income 2013: -$1,9792013Revenue 2014: $637,920Expenses 2014: $700,531Net Income 2014: -$62,6112014Revenue 2015: $629,760Expenses 2015: $708,595Net Income 2015: -$78,8352015Revenue 2016: $644,000Expenses 2016: $634,987Net Income 2016: $9,0132016Revenue 2017: $632,014Expenses 2017: $677,289Net Income 2017: -$45,2752017Revenue 2018: $689,806Expenses 2018: $705,829Net Income 2018: -$16,0232018Revenue 2019: $647,200Expenses 2019: $700,649Net Income 2019: -$53,4492019Revenue 2020: $1,171,534Expenses 2020: $796,016Net Income 2020: $375,5182020

Highlighted filing

2014

Revenue$637,920
Expenses$700,531
Net Income-$62,611
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Apr 1, 2015
Return Version
2013v4.0
Gross Receipts
$637,920
Mission and Program Overview

Mission

Bridge homes, inc. Prepares the hot, nutritious meals that are distributed by the coalition for the homeless' grand central food program.

Bridge homes, inc. ("bhi") prepares the hot, nutritious meals that are distributed by the coalition for the homeless' grand central food program to nearly 1,000 homeless and hungry individuals each night on the streets of new york city.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,808$2,121▼ $2,687
Accounts Receivable$1,000--
Prepaid Expenses and Deferred Charges$1,502$808▼ $694
Cash and Non-Interest-Bearing Accounts$1,944$101▼ $1,843
Total Assets$9,254$3,030▼ $6,224
Liabilities
Other Liabilities$107,840$171,792▲ $63,952
Accounts Payable and Accrued Expenses$29,752$22,187▼ $7,565
Total Liabilities$137,592$193,979▲ $56,387
Net Assets / Fund Balance
Unrestricted Net Assets$-128,338$-190,949▼ $62,611
Total Net Assets Fund Balance$-128,338$-190,949▼ $62,611
Total Liabilities and Net Assets / Fund Balance$9,254$3,030▼ $6,224

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,121$20,132$22,253
Compensation and Service Providers

Employees

NameTitleOtherTotal
Robert DvorkinVice President$148,356$148,356

Board Members and Trustees

NameTitle
Mary BrosnahanPresident
David GiffenVice President
Donna FergusonSecretary/treasurer/CFO
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$637,920
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-62,611

Audited Revenue Reconciliation

Revenue per Audited Statements
$637,920
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$637,920
Total Revenue per Form 990
$637,920
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$497,109
Salaries, Compensation, and Employee Benefits$203,422
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$434,038--$434,038
Other Salaries and Wages$124,692--$124,692
Other Employee Benefits$54,927--$54,927
Office Expenses$44,390--$44,390
Pension Plan Contributions$14,565--$14,565
Occupancy$13,204--$13,204
Payroll Taxes$9,238--$9,238
Fees for Services Other$2,760--$2,760
Depreciation Depletion$2,687--$2,687
All Other Expenses$30--$30
Total Functional Expenses$700,531$0$0$700,531

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$700,531
Total Expenses per Audited Statements$700,531
Total Expenses per Form 990$700,531
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Coalition for the Homeless, Inc.$171,792
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

A draft of the form 990 is reviewed by the officers and finance/audit committee as well as the board of directors prior to filing.

Form 990, Part VI, Section B, Line 12

Bridge homes, inc has not formally adopted a conflict of interest policy. Since bhi is an affiliate of the parent company coalition for the homeless, it follows the same guidelines and company policies adopted.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request.

Filing and Contact Details

Filer

EIN
13-3626917
Phone
2127762080

Signing Officer

Name
Donna Ferguson
Title
CFO
Phone
2127762080
Signed
2015-04-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Donna Ferguson
Formed
1991
Legal Domicile
Ny
Voting Board Members
4
Independent Board Members
0
Employees
4
Volunteers
0

Preparer

Preparer
Israel Tannenbaum
Phone
2128674000
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

This process has not changed from the prior year.

Financial Statement Notes

PART X, LINE 2:

Bridge homes, inc. Has determined that there are no material uncertain tax positions that require recognition or disclosure in the financial statements. Periods ending june 30, 2011 and subsequent remain subject to examination by applicable taxing authorities.

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IRS990/ActivityOrMissionDesc0BRIDGE HOMES, INC. ("BHI") PREPARES THE HOT, NUTRITIOUS MEALS THAT ARE DISTRIBUTED BY THE COALITION FOR THE HOMELESS' GRAND CENTRAL FOOD PROGRAM TO NEARLY 1,000 HOMELESS AND HUNGRY INDIVIDUALS EACH NIGHT ON THE STREETS OF NEW YORK CITY.
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IRS990ScheduleA/Form990ScheduleAPartIVGrp/ExplanationTxt0THE PRIMARY SOURCE OF REVENUE FOR BRIDGE HOMES, INC IS SERVICE REVENUES PAID FOR BY COALITION FOR THE HOMELESS, INC. BHI PREPARES THE MEALS THAT ARE DISTRIBUTED BY COALITION FOR THE HOMELESS GRAND CENTRAL FEEDING PROGRAM - MOBILE FEEDING PROGRAM.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0BRIDGE HOMES, INC. HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PERIODS ENDING JUNE 30, 2011 AND SUBSEQUENT REMAIN SUBJECT TO EXAMINATION BY APPLICABLE TAXING AUTHORITIES.
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt040310
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt17647
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt25667
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt019093
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt118883
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt228605
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt0880
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt1340
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt2433
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0MARY BROSNAHAN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1DONNA FERGUSON
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2DAVID GIFFEN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1SECRETARY/TREASURER/CFO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2VICE PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0327734
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1182881
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt2237691
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A DRAFT OF THE FORM 990 IS REVIEWED BY THE OFFICERS AND FINANCE/AUDIT COMMITTEE AS WELL AS THE BOARD OF DIRECTORS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BRIDGE HOMES, INC HAS NOT FORMALLY ADOPTED A CONFLICT OF INTEREST POLICY. SINCE BHI IS AN AFFILIATE OF THE PARENT COMPANY COALITION FOR THE HOMELESS, IT FOLLOWS THE SAME GUIDELINES AND COMPANY POLICIES ADOPTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine10COALITION FOR THE HOMELESS INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0133072967
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0SERVICES FOR THE HOMELESS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine10129 FULTON STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/City0NEW YORK
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/State0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCode011236
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd01
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt09254
IRS990/TotalAssetsEOYAmt03030
IRS990/TotalAssetsGrp/BOYAmt09254
IRS990/TotalAssetsGrp/EOYAmt03030
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0700531
IRS990/TotalFunctionalExpensesGrp/TotalAmt0700531
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0137592
IRS990/TotalLiabilitiesEOYAmt0193979
IRS990/TotalLiabilitiesGrp/BOYAmt0137592
IRS990/TotalLiabilitiesGrp/EOYAmt0193979
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-128338
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-190949
IRS990/TotalOtherCompensationAmt0136587
IRS990/TotalProgramServiceExpensesAmt0700531
IRS990/TotalProgramServiceRevenueAmt0637920
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0637920
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0637920
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt09254
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03030
IRS990/TotReportableCompRltdOrgAmt0760075
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-128338
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-190949
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine10129 FULTON STREET
IRS990/USAddress/City0NEW YORK
IRS990/USAddress/State0NY
IRS990/USAddress/ZIPCode010038
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0WWW.COALITIONFORTHEHOMELESS.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0DONNA FERGUSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CFO
ReturnHeader/BusinessOfficerGrp/PhoneNum02127762080
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-04-01
ReturnHeader/Filer/BusinessName/BusinessNameLine10BRIDGE HOMES INC
ReturnHeader/Filer/BusinessNameControlTxt0BRID

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