Civic Intelligence

Bridges Development Inc

990 • Fiscal year 2014 • EIN 26-4085157

Jan 01, 2014 to Dec 31, 2014 • Filed on Nov 13, 2015

300 Perry StreetBuffalo, NY 14204

(716) 855-6711

Siviq Scores

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

Liabilities / Assets

28th percentile

0.03x

Higher debt load relative to assets than 28% of similar nonprofits.

2014 filings • 501(c)4 • $5M-$10M nonprofits • Source year 2014

Liabilities / Revenue

32nd percentile

0.08x

Higher debt load relative to revenue than 32% of similar nonprofits.

2014 filings • 501(c)4 • $5M-$10M nonprofits • Source year 2014

Net Margin

98th percentile

99%

Higher net margin than 98% of similar nonprofits.

2014 filings • 501(c)4 • $5M-$10M nonprofits • Source year 2014

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2014

Asset Growth

91st percentile

44%

Faster asset growth than 91% of similar nonprofits.

2014 filings • 501(c)4 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Revenue Growth

94th percentile

146%

Faster revenue growth than 94% of similar nonprofits.

2014 filings • 501(c)4 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Assets

Up

$9,847,876

Up $3,006,078 (+44%) from 2013

Net Assets

Up

$9,596,842

Up $3,196,698 (+50%) from 2013

Liabilities

Down

$251,034

Down $190,620 (-43%) from 2013

Revenue

Up

$3,213,062

Up $1,907,490 (+146%) from 2013

Expenses

Down

$16,364

Down $4,846 (-23%) from 2013

Net Income

Up

$3,196,698

Up $1,912,336 (+149%) from 2013

Historical Trend

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0Assets 2013: $6,841,798Liabilities 2013: $441,654Net Assets 2013: $6,400,1442013Assets 2014: $9,847,876Liabilities 2014: $251,034Net Assets 2014: $9,596,8422014Assets 2015: $9,670,266Liabilities 2015: $10,326Net Assets 2015: $9,659,9402015Assets 2016: $10,141,270Liabilities 2016: $318,745Net Assets 2016: $9,822,5252016Assets 2017: $10,886,171Liabilities 2017: $1,455Net Assets 2017: $10,884,7162017Assets 2018: $10,158,138Liabilities 2018: $13,657Net Assets 2018: $10,144,4812018Assets 2019: $9,884,313Liabilities 2019: $424Net Assets 2019: $9,883,8892019Assets 2020: $10,221,806Liabilities 2020: $400,601Net Assets 2020: $9,821,2052020Assets 2021: $10,356,851Liabilities 2021: $403,568Net Assets 2021: $9,953,2832021Assets 2022: $10,281,258Liabilities 2022: $402,149Net Assets 2022: $9,879,1092022Assets 2023: $9,913,416Liabilities 2023: $622,216Net Assets 2023: $9,291,2002023Assets 2024: $16,013,662Liabilities 2024: $529,947Net Assets 2024: $15,483,7152024

Highlighted filing

2014

Assets$9,847,876
Liabilities$251,034
Net Assets$9,596,842

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2013: $1,305,572Expenses 2013: $21,210Net Income 2013: $1,284,3622013Revenue 2014: $3,213,062Expenses 2014: $16,364Net Income 2014: $3,196,6982014Revenue 2015: $132,321Expenses 2015: $69,223Net Income 2015: $63,0982015Revenue 2016: $273,659Expenses 2016: $111,074Net Income 2016: $162,5852016Revenue 2017: $1,145,651Expenses 2017: $83,460Net Income 2017: $1,062,1912017Revenue 2018: $148,889Expenses 2018: $154,555Net Income 2018: -$5,6662018Revenue 2019: $730,963Expenses 2019: $175,267Net Income 2019: $555,6962019Revenue 2020: $125,456Expenses 2020: $148,140Net Income 2020: -$22,6842020Revenue 2021: $325,643Expenses 2021: $193,565Net Income 2021: $132,0782021Revenue 2022: $149,872Expenses 2022: $224,046Net Income 2022: -$74,1742022Revenue 2023: $687,377Expenses 2023: $1,275,286Net Income 2023: -$587,9092023Revenue 2024: $6,607,470Expenses 2024: $414,955Net Income 2024: $6,192,5152024

Highlighted filing

2014

Revenue$3,213,062
Expenses$16,364
Net Income$3,196,698
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Nov 13, 2015
Return Version
2014v5.0
Gross Receipts
$3,213,062
Mission and Program Overview

Mission

To provide clean, safe, and affordable housing in the city of buffalo.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$6,324,872$9,324,386▲ $2,999,514
Accounts Receivable$439,727$516,219▲ $76,492
Cash and Non-Interest-Bearing Accounts$77,199$7,271▼ $69,928
Total Assets$6,841,798$9,847,876▲ $3,006,078
Liabilities
Accounts Payable and Accrued Expenses$441,654$251,034▼ $190,620
Total Liabilities$441,654$251,034▼ $190,620
Net Assets / Fund Balance
Temporarily Rstr Net Assets$6,324,872$9,537,934▲ $3,213,062
Unrestricted Net Assets$75,272$58,908▼ $16,364
Total Net Assets Fund Balance$6,400,144$9,596,842▲ $3,196,698
Total Liabilities and Net Assets / Fund Balance$6,841,798$9,847,876▲ $3,006,078
Compensation and Service Providers

Employees

NameTitleOtherTotal
Dawn E Sanders - GarrettPresident$127,301$127,301
Modesto CandelarioMember$116,006$116,006
Michael SeamanChairman$2,500$2,500
Revenue and Support

Revenue Composition

Contributions and Grants
$3,213,062
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$3,196,698

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,213,062
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$3,213,062
Total Revenue per Form 990
$3,213,062
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$16,364
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Accounting-$8,363-$8,363
Fees for Services Legal-$8,001-$8,001
Total Functional Expenses$0$16,364$0$16,364

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$16,364
Total Expenses per Audited Statements$16,364
Total Expenses per Form 990$16,364
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
Subject to proxy tax
No
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 A, Line 6

The organization has three members: the executive director of the buffalo municiple housing authority, the deputy executive director of the buffalo municipal housing authority, and the chairperson of the buffalo municipal housing authority.

Form 990, Part VI, Section A, Line 7A

The directors of the organization are elected by the members.

Form 990, Part VI, Section B, Line 11

The form 990 is prepared by an outside independent accounting firm. A copy of the 990 was electronically mailed to members for review prior to filing.

Form 990, Part VI, Section C, Line 19

The organization's governing documents and financial statements are available upon written request.

Filing and Contact Details

Filer

Filer Name
Bridges Development Inc
EIN
26-4085157
Phone
7168556711
Address
300 PERRY STREET, BUFFALO, NY 14204

Signing Officer

Name
Modesto Candelario
Title
VP
Phone
7168556711
Signed
2015-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dawn E Sanders-garrett
Formed
2008
Legal Domicile
Ny
Voting Board Members
3
Independent Board Members
0
Employees
0
Volunteers
3

Preparer

Firm
Cliftonlarsonallen Llp
Address
1966 GREENSPRING DRIVE SUITE 300, TIMONIUM, MD 21093-4161
Preparer
Melissa Lafferty CPA
Phone
4104530900
Supplemental Narrative

Additional Explanations

PART XII LINE 2C:

The process for audit oversight has not changed from prior years.

Financial Statement Notes

PART X, LINE 2:

U.s. Gaap provides guidance on the financial statements' recognition and measurement for income tax position that the organization has taken or expects to take in the organization's income tax returns. Organizations take many tax positions relative to tax laws, including those taken in determining whether tax is due, a refund is owed, a tax return needs to be filed, or the characterization of income as taxable (for example, unrelated business income) or nontaxable. The organization has not recorded any liabilities relating to uncertain tax positions.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS THREE MEMBERS: THE EXECUTIVE DIRECTOR OF THE BUFFALO MUNICIPLE HOUSING AUTHORITY, THE DEPUTY EXECUTIVE DIRECTOR OF THE BUFFALO MUNICIPAL HOUSING AUTHORITY, AND THE CHAIRPERSON OF THE BUFFALO MUNICIPAL HOUSING AUTHORITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE DIRECTORS OF THE ORGANIZATION ARE ELECTED BY THE MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FORM 990 IS PREPARED BY AN OUTSIDE INDEPENDENT ACCOUNTING FIRM. A COPY OF THE 990 WAS ELECTRONICALLY MAILED TO MEMBERS FOR REVIEW PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE PROCESS FOR AUDIT OVERSIGHT HAS NOT CHANGED FROM PRIOR YEARS.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4PART XII LINE 2C:
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt0BRIDGES DEVELOPMENT INC
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt2AD PRICE III HOUSING DEVELOPMENT FUND CORP
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt3HERTEL PARK II HOUSING DEVELOPMENT FUND CORPORATION
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IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingEntityName/BusinessNameLine1Txt2AD PRICE III HOUSING DEVELOPMENT CORPORATION
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingEntityName/BusinessNameLine1Txt3HERTEL PARK II DEVELOPMENT FUND CORPORATION
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IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd10
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd20
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd30
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IRS990/StatesWhereCopyOfReturnIsFldCd0NY
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
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IRS990/TotalRevenueGrp/ExclusionAmt00
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IRS990/TotalVolunteersCnt03
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
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IRS990/UponRequestInd0X
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IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd014204
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02016-03-07 17:11:31Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MODESTO CANDELARIO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0VP
ReturnHeader/BusinessOfficerGrp/PhoneNum07168556711
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-11-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BRIDGES DEVELOPMENT INC
ReturnHeader/Filer/BusinessNameControlTxt0BRID
ReturnHeader/Filer/EIN0264085157

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