Civic Intelligence

Home Bridging Gp Inc

EIN 85-3872864 • 501(c)3 • Grants Pass, OR

Pub. 78 Eligible

Profile

Home bridging grants pass exists to provide opportunities for affordable home ownership for christian families who desire to be homeowners and desire to be a vital part of their community, by loving their neighbors. We believe that home ownership is a valuable tool in community investment.

101 Assembly CircleGrants Pass, OR 97526

www.edgewaterfellowship.org/HOMEBRIDGING

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

92nd percentile

0.88x

Higher debt load relative to assets than 92% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

92nd percentile

1.73x

Higher debt load relative to revenue than 92% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

51st percentile

5.1%

Higher net margin than 51% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

8th percentile

-23%

Faster asset growth than 8% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

89th percentile

68%

Faster revenue growth than 89% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$1,687,979

Down $504,837 (-23%) from 2023

Liabilities

Down

$1,485,666

Down $545,794 (-27%) from 2023

Net Assets

Up

$202,313

Up $40,957 (+25%) from 2023

Revenue

Up

$857,355

Up $347,459 (+68%) from 2023

Expenses

Up

$813,833

Up $365,586 (+82%) from 2023

Net Income

Down

$43,522

Down $18,127 (-29%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$3.0M$2.0M$1.0M$0-$1.0MAssets 2021: $793,473Liabilities 2021: $815,601Net Assets 2021: -$22,1282021Assets 2022: $1,247,946Liabilities 2022: $1,148,239Net Assets 2022: $99,7072022Assets 2023: $2,192,816Liabilities 2023: $2,031,460Net Assets 2023: $161,3562023Assets 2024: $1,687,979Liabilities 2024: $1,485,666Net Assets 2024: $202,3132024

Highlighted filing

2024

Assets$1,687,979
Liabilities$1,485,666
Net Assets$202,313

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500KRevenue 2021: $83,562Expenses 2021: $105,690Net Income 2021: -$22,1282021Revenue 2022: $246,174Expenses 2022: $124,339Net Income 2022: $121,8352022Revenue 2023: $509,896Expenses 2023: $448,247Net Income 2023: $61,6492023Revenue 2024: $857,355Expenses 2024: $813,833Net Income 2024: $43,5222024

Highlighted filing

2024

Revenue$857,355
Expenses$813,833
Net Income$43,522

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Mar 3, 2025
Return Version
2024v5.1
Gross Receipts
$857,355
Mission and Program Overview

Mission

Home bridging grants pass exists to provide opportunities for affordable home ownership for christian families who desire to be homeowners and desire to be a vital part of their community, by loving their neighbors. We believe that home ownership is a valuable tool in community investment.

Home bridging grants pass exists to provide housing solutions for southern oregon.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$128,996$180,487▲ $51,491
Rtn Earn Endowment Incm Other Fnds$161,356$158,790▼ $2,566
Cash and Non-Interest-Bearing Accounts$354,763$68,340▼ $286,423
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$2,192,816$1,687,979▼ $504,837
Other Assets Total$1,709,057$1,439,152▼ $269,905
Liabilities
Unsecured Notes Loans Payable$1,986,829$1,262,417▼ $724,412
Other Liabilities$41,084$223,249▲ $182,165
Accounts Payable and Accrued Expenses$3,547--
Total Liabilities$2,031,460$1,485,666▼ $545,794
Net Assets / Fund Balance
Total Net Assets Fund Balance$161,356$202,313▲ $40,957
Total Liabilities and Net Assets / Fund Balance$2,192,816$1,687,979▼ $504,837

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$180,487$102,401$282,888
Other Assets Org$1,439,152--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Carl ClydeChairman
David BrumbachChairman
Mario SpagnoloChairman
Chad HansenPresident
Sharon SpagnoloSecretary
Edward BankutiTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$307,687
Program Service Revenue
$493,151
Investment Income
$56,517
Other Revenue
$0
All Other Contributions
$307,687
Change in Net Assets
$43,522
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$813,833
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
Interest$105,054--$105,054
Depreciation Depletion$51,778--$51,778
All Other Expenses$43,995--$43,995
Insurance$37,526--$37,526
Other Expenses$18,369--$18,369
Fees for Services Accounting$12,206--$12,206
Office Expenses$8,413--$8,413
Travel$347--$347
Advertising$333--$333
Total Functional Expenses$813,833$0$0$813,833
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
Cow Creek Loan$200,000
Accrued Interest Payable$18,557
Payroll Liabilities$4,692
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

Line 11b explanation - a copy of the form 990 is provided to the board members.

Form 990, Part VI, Section C, Line 19

Documents availalbe upon request

Filing and Contact Details

Filer

Filer Name
Home Bridging Gp Inc
EIN
85-3872864
Phone
5414747172
Address
101 ASSEMBLY CIRCLE, GRANTS PASS, OR 97526

Signing Officer

Name
Edward Bankuti
Title
Treasurer
Phone
5414747172
Signed
2025-03-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Edward Bankuti
Formed
2020
Legal Domicile
Or
Voting Board Members
7
Independent Board Members
7
Employees
3
Volunteers
0

Preparer

Firm
Sorren Inc
Address
841 OHARE PARKWAY STE 200, MEDFORD, OR 97504
Preparer
Daniel J Wardle CPA
Phone
5417736633
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4A

COMMUNITY INVESTMENT.

Raw XML Appendix372 raw XML fields

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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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0813833
IRS990/TotalFunctionalExpensesGrp/TotalAmt0813833
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02031460
IRS990/TotalLiabilitiesEOYAmt01485666
IRS990/TotalLiabilitiesGrp/BOYAmt02031460
IRS990/TotalLiabilitiesGrp/EOYAmt01485666
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0161356
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0202313
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0813833
IRS990/TotalProgramServiceRevenueAmt0493151
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt056517
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0493151
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0857355
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02192816
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01687979
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt0347
IRS990/TravelGrp/TotalAmt0347
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt01986829
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt01262417
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0101 ASSEMBLY CIRCLE
IRS990/USAddress/CityNm0GRANTA PASS
IRS990/USAddress/StateAbbreviationCd0OR
IRS990/USAddress/ZIPCd097526
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.EDGEWATERFELLOWSHIP.ORG/HOMEBRIDGING
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0EDWARD BANKUTI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum05414747172
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-03-03
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HOME BRIDGING GP INC
ReturnHeader/Filer/BusinessNameControlTxt0HOME
ReturnHeader/Filer/EIN0853872864
ReturnHeader/Filer/PhoneNum05414747172
ReturnHeader/Filer/USAddress/AddressLine1Txt0101 ASSEMBLY CIRCLE
ReturnHeader/Filer/USAddress/CityNm0GRANTS PASS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OR
ReturnHeader/Filer/USAddress/ZIPCd097526
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0934792291
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SORREN INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0841 OHARE PARKWAY STE 200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MEDFORD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0OR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd097504
ReturnHeader/PreparerPersonGrp/PhoneNum05417736633
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DANIEL J WARDLE CPA
ReturnHeader/ReturnTs02025-05-29T00:06:24-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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