Civic Intelligence

Bridge Meadows

990 • Fiscal year 2023 • EIN 20-2028975

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 12, 2024

8502 N Wayland AvenuePortland, OR 97203

(503) 953-1100

Siviq Scores

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

Liabilities / Assets

41st percentile

0.11x

Higher debt load relative to assets than 41% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

73rd percentile

0.66x

Higher debt load relative to revenue than 73% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Net Margin

45th percentile

2.0%

Higher net margin than 45% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

51st percentile

$182,858

Higher top officer pay than 51% of similar nonprofits.

Top officer pay equals 8.2% of source-year revenue.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Asset Growth

31st percentile

0.3%

Faster asset growth than 31% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

30th percentile

-5.6%

Faster revenue growth than 30% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Assets

Up

$13,153,260

Up $42,732 (+0.3%) from 2022

Net Assets

Up

$11,686,646

Up $44,706 (+0.4%) from 2022

Liabilities

Down

$1,466,614

Down $1,974 (-0.1%) from 2022

Revenue

Down

$2,236,520

Down $132,262 (-5.6%) from 2022

Expenses

Up

$2,191,814

Up $109,281 (+5.2%) from 2022

Net Income

Down

$44,706

Down $241,543 (-84%) from 2022

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2010: $3,685,779Liabilities 2010: $1,123,007Net Assets 2010: $2,562,7722010Assets 2011: $3,441,752Liabilities 2011: $850,618Net Assets 2011: $2,591,1342011Assets 2012: $2,633,623Liabilities 2012: $200,749Net Assets 2012: $2,432,8742012Assets 2013: $2,494,567Liabilities 2013: $178,673Net Assets 2013: $2,315,8942013Assets 2014: $2,881,813Liabilities 2014: $437,478Net Assets 2014: $2,444,3352014Assets 2015: $4,969,819Liabilities 2015: $1,976,522Net Assets 2015: $2,993,2972015Assets 2016: $5,872,849Liabilities 2016: $1,179,117Net Assets 2016: $4,693,7322016Assets 2017: $8,144,734Liabilities 2017: $675,691Net Assets 2017: $7,469,0432017Assets 2018: $9,100,892Liabilities 2018: $344,930Net Assets 2018: $8,755,9622018Assets 2019: $9,269,174Liabilities 2019: $668,044Net Assets 2019: $8,601,1302019Assets 2020: $10,546,087Liabilities 2020: $1,385,012Net Assets 2020: $9,161,0752020Assets 2021: $12,892,040Liabilities 2021: $1,536,349Net Assets 2021: $11,355,6912021Assets 2022: $13,110,528Liabilities 2022: $1,468,588Net Assets 2022: $11,641,9402022Assets 2023: $13,153,260Liabilities 2023: $1,466,614Net Assets 2023: $11,686,6462023Assets 2024: $12,027,508Liabilities 2024: $442,427Net Assets 2024: $11,585,0812024

Highlighted filing

2023

Assets$13,153,260
Liabilities$1,466,614
Net Assets$11,686,646

Operations Trend

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

$4.0M$2.0M$0-$2.0MRevenue 2010: $2,251,145Expenses 2010: $1,009,821Net Income 2010: $1,241,3242010Revenue 2011: $631,691Expenses 2011: $603,329Net Income 2011: $28,3622011Revenue 2012: $400,059Expenses 2012: $558,319Net Income 2012: -$158,2602012Revenue 2013: $502,388Expenses 2013: $619,368Net Income 2013: -$116,9802013Revenue 2014: $804,127Expenses 2014: $675,686Net Income 2014: $128,4412014Revenue 2015: $1,382,453Expenses 2015: $833,491Net Income 2015: $548,9622015Revenue 2016: $2,981,387Expenses 2016: $1,358,543Net Income 2016: $1,622,8442016Revenue 2017: $2,647,051Expenses 2017: $1,384,233Net Income 2017: $1,262,8182017Revenue 2018: $3,133,347Expenses 2018: $1,350,541Net Income 2018: $1,782,8062018Revenue 2019: $1,288,428Expenses 2019: $1,443,260Net Income 2019: -$154,8322019Revenue 2020: $3,194,956Expenses 2020: $1,703,430Net Income 2020: $1,491,5262020Revenue 2021: $3,895,690Expenses 2021: $1,701,074Net Income 2021: $2,194,6162021Revenue 2022: $2,368,782Expenses 2022: $2,082,533Net Income 2022: $286,2492022Revenue 2023: $2,236,520Expenses 2023: $2,191,814Net Income 2023: $44,7062023Revenue 2024: $2,024,617Expenses 2024: $2,165,985Net Income 2024: -$141,3682024

Highlighted filing

2023

Revenue$2,236,520
Expenses$2,191,814
Net Income$44,706
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 12, 2024
Return Version
2023v5.0
Gross Receipts
$2,757,908
Mission and Program Overview

Mission

Bridge meadows' mission is to develop and sustain supportive intergenerational communities for families of children who have experienced foster care that promotes permanency, community, and caring relationships, while offering safety and meaningful purpose in the daily lives of older adults.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$7,557,030$7,051,608▼ $505,422
Accounts Receivable$2,633,623$2,072,617▼ $561,006
Land, Buildings, and Equipment, Net$1,593,245$1,549,008▼ $44,237
Savings and Temporary Cash Investments$21,040$1,201,289▲ $1,180,249
Cash and Non-Interest-Bearing Accounts$1,029,429$459,921▼ $569,508
Prepaid Expenses and Deferred Charges$192,731$409,150▲ $216,419
Pledges and Grants Receivable$72,915$399,152▲ $326,237
Total Assets$13,110,528$13,153,260▲ $42,732
Other Assets Total$10,515$10,515→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,122,252$1,116,655▼ $5,597
Deferred Revenue$825$209,045▲ $208,220
Accounts Payable and Accrued Expenses$341,411$136,014▼ $205,397
Other Liabilities$4,100$4,900▲ $800
Total Liabilities$1,468,588$1,466,614▼ $1,974
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$11,641,940$11,686,646▲ $44,706
Total Net Assets Fund Balance$11,641,940$11,686,646▲ $44,706
Total Liabilities and Net Assets / Fund Balance$13,110,528$13,153,260▲ $42,732

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,341,053$625,521$1,966,574
Land$203,027-$203,027
Equipment$4,928$57,001$61,929
Other Land Buildings-$26,353$26,353
Investment Program Related Org$-403--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Derenda SchubertExecutive DiFT$167,348$15,510$182,858
Derenda SchubertExecutive Director-$167,348$15,510$182,858
Kenny WeinerDirector FinanceFT$146,719$15,334$162,053
Kenny WeinerDirector Finance & Oper-$146,719$15,334$162,053

Board Members and Trustees

NameTitle
Michael SchraderPast Chair
Katie SchoenVice Chair
Andrew TweedieDirector
Anna AllenDirector
Brian GoffDirector
Dan SaltzmanDirector
Heather KilloughDirector
Jason HaggartDirector
John PetersonDirector
Leah KingDirector
Madeline RoseDirector
Nihad AweidahDirector
Oscar AranaDirector
Pat WelchDirector
Susan PickeringDirector
Susan TaylorDirector
Thomas BahrmanDirector
Gayle MeyerSecretary
John WiedTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Green Light DevelopmentDev Consultant3462 NE SANDY BLVD, 3462 NE SANDY BLVD, Portland, OR 97232$202,500
Housing Development CenterDev Consultant524 E BURNSIDE ST SUITE 210, 524 BURNSIDE ST SUITE 210, Portland, OR 97214$130,426
Carleton Hart ArchitectsArchitect830 SW 10TH AVENUE 200, 830 SW 10TH AVENUE 200, Portland, OR 97205$101,874
Revenue and Support

Revenue Composition

Contributions and Grants
$1,981,535
Program Service Revenue
$373,024
Investment Income
$28,442
Other Revenue
$-146,481
All Other Contributions
$793,381
Change in Net Assets
$44,706
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,444,605
Other Expenses$747,209
Total Fundraising Expense$324,694
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$548,142$117,861$167,049$833,052
Current Officers, Directors, Trustees, and Key Employees$136,771$171,442$36,698$344,911
Fees for Services Other$133,328$78,168$9,800$221,296
Other Employee Benefits$84,655$23,671$18,638$126,964
Payroll Taxes$70,792$24,150$18,602$113,544
Travel$27,756$52,179$28,857$108,792
Office Expenses$26,608$33,116$12,061$71,785
Occupancy$52,110--$52,110
Depreciation Depletion$49,164$447-$49,611
Advertising$740$12,890$17,613$31,243
Pension Plan Contributions$17,579$3,750$4,805$26,134
Fees for Services Accounting$450$25,655-$26,105
Information Technology$2,889$19,893-$22,782
Insurance-$18,367-$18,367
Fees for Services Legal$14,364--$14,364
Conferences and Meetings-$6,243$1,082$7,325
Fees for Services Management$4,111--$4,111
Other Expenses$266$27,010$3,793$266
Total Functional Expenses$1,249,047$618,073$324,694$2,191,814
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$146,481
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$238,060-$146,481-
Total Events$238,060-$146,481$-146,481
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deposits Held in Trust$4,900
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The form 990 is prepared by an independent cpa firm. Management and the board of directors review the form 990 prior to filing with the irs.

Form 990, Page 6, Part VI, Line 12C

The organization monitors compliance with the conflict of interest policy by requiring board members to disclose conflicts when they initially join the board and annually thereafter. In addition, conflicts of interest are checked and discussed prior to the engagement of any new business.

Form 990, Page 6, Part VI, Line 15A

The board of directors of bridge meadows determines and approves the compensation of the executive director. The compensation is determined by weighing three factors: 1) the amount spend on executive leadership and development costs during a capital campaign, 2) capital campaign leadership market comparables, and 3) other variables taken into consideration such as the complexity of the job, environment surrounding the job, and disruption in the business to replace the incumbent. All deliberations and decisions by the board of directors on the amount of compensation to the executive director are documented.

Form 990, Page 6, Part VI, 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

Filer Name
Bridge Meadows
EIN
20-2028975
Phone
5039531100
Address
8502 N WAYLAND AVENUE, PORTLAND, OR 97203

Signing Officer

Name
Derenda Schubert
Title
Executive Director
Phone
5039531100
Signed
2024-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Derenda Schubert
Formed
2004
Legal Domicile
Or
Voting Board Members
20
Independent Board Members
20
Employees
15
Volunteers
2,000

Preparer

Firm
Iron Creek Tax & Consulting
Address
6650 SW REDWOOD LN STE 210, PORTLAND, OR 97224
Preparer
Steven R Bjorklund
Phone
5034431040
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Bridge meadows' mission is to develop and sustain supportive intergenerational communities for families of children who have experienced foster care that promotes permanency, community, and caring relationships, while offering safety and meaningful purpose in the daily lives of older adults.

Form 990, Page 2, Part III, Line 4A

In november 2021, bridge meadows proudly welcomed home new residents to our third intergenerational housing community in redmond, oregon replicating our other programs in north portland and beaverton,increasing the number of children, parents, and elders to be served across three sites.bridge meadows offers a powerful alternative to the isolation, trauma, and adversity that too many foster youth, their adoptive families, and low- income elders endure. Our "whole community" approach leverages the power of place, permanence, and shared social purpose to improve residents'housing stability, access to health resources, educational attainment, and community connection. It begins with the grounding roots of a physical environment to call home, and this threshold to permanence sets the stage for former foster youth succeed in school, for adoptive parents to build parenting skills and stable families, and for elders of modest means to age in place and stay healthy, their lives filled with purpose. Together, all three generations build resilience and improved health and wellness.

Form 990, Page 2, Part III, Line 4C

Bridge meadows partners extensively with other community groups, formally and informally. For example, kinship house assists with onsite therapeutic services for children and families, staff consultation and educational training. They also provide ongoing permanency support to ensure that families have the skills and confidence they need to address their children's unique needs and that the family as a whole needs to thrive. The bridge meadows community support specialist ensures residents have consistent access to address therapeutic needs as they emerge and prevent them from disrupting the trust and healthy relationships that residents have been so successful at building with each other. Services are targeted to assist residents achieving the outcomes of: academic success of youth housing stability for families and seniors permanency for foster youth increased health and well-being for youth, parents, and seniors social cohesion of youth, parents, and seniors resiliency of youth, parents, and seniors

Form 990, Part IX, Line 11G

Other professional fees 40,226 78,168 9,800 other professional fees 79,709 0 0 other professional fees 13,393 0 0 total 133,328 78,168 9,800

Financial Statement Notes

Schedule D, Page 3, Part X

Federal and state taxes - bridge meadows and family homes are exempt from federal and state income taxes under section 501(c)(3) of the internal revenue code and comparable state statutes and did not have any unrelated business income for the year ended december 31, 2023. Due to its tax exempt status, bridge meadows and family homes are not subject to income taxes. Accordingly, these financial statements do not reflect a provision for income taxes and there are no other tax positions which must be considered for disclosure. Bridge meadows is required to file tax returns with the irs and other taxing authorities. The tax credit partnerships and new meadows are taxable entities, however, each of the entities have elected to be treated as a pass-through entity for income tax purposes and, as such, are not subject to income taxes. Rather, all items of taxable income, deductions and tax credits are passed through to and are reported by its partners or members on their respective income tax returns. The tax credit partnerships and new meadows' federal tax statuses are based on their legal status as a partnership. Accordingly, the tax credit partnerships and new meadows are not required to take any tax positions in order to qualify as a pass-through entity. Accordingly, these financial statements do not reflect a provision for income taxes and the tax credit partnerships and new meadows have no other tax positions which must be considered for disclosure. The tax credit partnerships and new meadows are required to file and do file tax returns with the internal revenue service and other taxing authorities. Income tax returns filed by each of the entities are subject to examination by the internal revenue service for a period of three years. While no income tax returns are currently being examined by the internal revenue service, tax years since 2020 remain open and subject to examination.

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IRS990/Desc0IN NOVEMBER 2021, BRIDGE MEADOWS PROUDLY WELCOMED HOME NEW RESIDENTS TO OUR THIRD INTERGENERATIONAL HOUSING COMMUNITY IN REDMOND, OREGON REPLICATING OUR OTHER PROGRAMS IN NORTH PORTLAND AND BEAVERTON,INCREASING THE NUMBER OF CHILDREN, PARENTS, AND ELDERS TO BE SERVED ACROSS THREE SITES.BRIDGE MEADOWS OFFERS A POWERFUL ALTERNATIVE TO THE ISOLATION, TRAUMA, AND ADVERSITY THAT TOO MANY FOSTER YOUTH, THEIR ADOPTIVE FAMILIES, AND LOW- INCOME ELDERS ENDURE. OUR "WHOLE COMMUNITY" APPROACH LEVERAGES THE POWER OF PLACE, PERMANENCE, AND SHARED SOCIAL PURPOSE TO IMPROVE RESIDENTS'HOUSING STABILITY, ACCESS TO HEALTH RESOURCES, EDUCATIONAL ATTAINMENT, AND COMMUNITY CONNECTION. IT BEGINS WITH THE GROUNDING ROOTS OF A PHYSICAL ENVIRONMENT TO CALL HOME, AND THIS THRESHOLD TO PERMANENCE SETS THE STAGE FOR FORMER FOSTER YOUTH SUCCEED IN SCHOOL, FOR ADOPTIVE PARENTS TO BUILD PARENTING SKILLS AND STABLE FAMILIES, AND FOR ELDERS OF MODEST MEANS TO AGE IN PLACE AND STAY HEALTHY, THEIR LIVES FILLED WITH PURPOSE. TOGETHER, ALL THREE GENERATIONS BUILD RESILIENCE AND IMPROVED HEALTH AND WELLNESS.
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IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3PAST CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20EXECUTIVE DI
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIR FINANCE
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02004
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0true
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IRS990/MissionDesc0BRIDGE MEADOWS' MISSION IS TO DEVELOP AND SUSTAIN SUPPORTIVE INTERGENERATIONAL COMMUNITIES FOR FAMILIES OF CHILDREN WHO HAVE EXPERIENCED FOSTER CARE THAT PROMOTES PERMANENCY, COMMUNITY, AND CARING RELATIONSHIPS, WHILE OFFERING SAFETY AND MEANINGFUL PURPOSE IN THE DAILY LIVES OF OLDER ADULTS.
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IRS990/PrincipalOfficerNm0DERENDA SCHUBERT

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.0$0.44$11.6$2.02$2.17$0.14
2023Detailed filing. Detailed filing data is available for this year.$13.2$1.47$11.7$2.24$2.19$0.04
2022Detailed filing. Detailed filing data is available for this year.$13.1$1.47$11.6$2.37$2.08$0.29
2021Detailed filing. Detailed filing data is available for this year.$12.9$1.54$11.4$3.90$1.70$2.19
2020Detailed filing. Detailed filing data is available for this year.$10.5$1.39$9.16$3.19$1.70$1.49
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.27$0.67$8.60$1.29$1.44$0.15
2018Detailed filing. Detailed filing data is available for this year.$9.10$0.34$8.76$3.13$1.35$1.78
2017Summary only. Only limited summary data is available for this year.$8.14$0.68$7.47$2.65$1.38$1.26
2016Summary only. Only limited summary data is available for this year.$5.87$1.18$4.69$2.98$1.36$1.62
2015Summary only. Only limited summary data is available for this year.$4.97$1.98$2.99$1.38$0.83$0.55
2014Summary only. Only limited summary data is available for this year.$2.88$0.44$2.44$0.80$0.68$0.13
2013Summary only. Only limited summary data is available for this year.$2.49$0.18$2.32$0.50$0.62$0.12
2012Summary only. Only limited summary data is available for this year.$2.63$0.20$2.43$0.40$0.56$0.16
2011Summary only. Only limited summary data is available for this year.$3.44$0.85$2.59$0.63$0.60$0.03
2010Summary only. Only limited summary data is available for this year.$3.69$1.12$2.56$2.25$1.01$1.24