Civic Intelligence

Bridge Housing Ventures Inc.

990 • Fiscal year 2012 • EIN 94-3147882

Jan 01, 2012 to Dec 31, 2012 • Filed on Nov 14, 2013

345 Spear Street No 70094105
Siviq Scores

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

Liabilities / Assets

90th percentile

0.94x

Higher debt load relative to assets than 90% of similar nonprofits.

2012 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2012

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2012

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2012

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2012

Asset Growth

4th percentile

-29%

Faster asset growth than 4% of similar nonprofits.

2012 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2011 to 2012

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

Down

$4,409,284

Down $1,838,333 (-29%) from 2011

Net Assets

Down

$244,523

Down $2,255,375 (-90%) from 2011

Liabilities

Up

$4,164,761

Up $417,042 (+11%) from 2011

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$2,502,344

Up $540,858 (+28%) from 2011

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$60M$40M$20M$0Assets 2010: $17,218,647Liabilities 2010: $14,279,811Net Assets 2010: $2,938,8362010Assets 2011: $6,247,617Liabilities 2011: $3,747,719Net Assets 2011: $2,499,8982011Assets 2012: $4,409,284Liabilities 2012: $4,164,761Net Assets 2012: $244,5232012Assets 2013: $5,070,984Liabilities 2013: $3,691,740Net Assets 2013: $1,379,2442013Assets 2014: $18,490,898Liabilities 2014: $9,344,728Net Assets 2014: $9,146,1702014Assets 2015: $26,079,350Liabilities 2015: $8,095,305Net Assets 2015: $17,984,0452015Assets 2016: $27,376,694Liabilities 2016: $8,053,073Net Assets 2016: $19,323,6212016Assets 2017: $24,311,538Liabilities 2017: $8,517,946Net Assets 2017: $15,793,5922017Assets 2018: $23,783,174Liabilities 2018: $16,186,222Net Assets 2018: $7,596,9522018Assets 2019: $24,681,150Liabilities 2019: $5,560,065Net Assets 2019: $19,121,0852019Assets 2020: $24,088,321Liabilities 2020: $5,220,313Net Assets 2020: $18,868,0082020Assets 2021: $24,929,270Liabilities 2021: $2,995,297Net Assets 2021: $21,933,9732021Assets 2022: $46,467,167Liabilities 2022: $2,133,109Net Assets 2022: $44,334,0582022Assets 2023: $41,822,878Liabilities 2023: $1,837,334Net Assets 2023: $39,985,5442023Assets 2024: $24,086,040Liabilities 2024: $2,887,892Net Assets 2024: $21,198,1482024

Highlighted filing

2012

Assets$4,409,284
Liabilities$4,164,761
Net Assets$244,523

Operations Trend

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

$40M$20M$0-$20MExpenses 2010: $3,369,9052010Expenses 2011: $1,961,4862011Expenses 2012: $2,502,3442012Revenue 2013: $2,355,406Expenses 2013: $1,220,685Net Income 2013: $1,134,7212013Revenue 2014: $10,078,649Expenses 2014: $3,245,746Net Income 2014: $6,832,9032014Revenue 2015: $11,327,735Expenses 2015: $2,489,860Net Income 2015: $8,837,8752015Revenue 2016: $3,130,958Expenses 2016: $1,757,933Net Income 2016: $1,373,0252016Revenue 2017: $1,211,658Expenses 2017: $2,480,444Net Income 2017: -$1,268,7862017Revenue 2018: $1,636,830Expenses 2018: $2,404,881Net Income 2018: -$768,0512018Revenue 2019: $13,335,517Expenses 2019: $1,811,382Net Income 2019: $11,524,1352019Revenue 2020: $1,038,151Expenses 2020: $1,291,228Net Income 2020: -$253,0772020Revenue 2021: $5,688,052Expenses 2021: $2,622,087Net Income 2021: $3,065,9652021Revenue 2022: $25,777,585Expenses 2022: $3,377,500Net Income 2022: $22,400,0852022Revenue 2023: -$2,173,663Expenses 2023: $2,719,229Net Income 2023: -$4,892,8922023Revenue 2024: $1,394,131Expenses 2024: $20,181,527Net Income 2024: -$18,787,3962024

Highlighted filing

2012

Revenue-
Expenses$2,502,344
Net Income-
Jump To
Filing Snapshot
Filing Period
Jan 1, 2012 to Dec 31, 2012
Signed
Nov 14, 2013
Return Version
2012v2.1
Gross Receipts
$246,969
Mission and Program Overview

Mission

Mission: this organization supports bridge housing corporation (bridge). Bridge strengthens communities by developing, owning and managing high-quality, affordable homes for working families and seniors.vision:* bridge strengthens communities and creates opportunities for working families and seniors, beginning but not ending with housing.* bridge is a leader and innovator in the mission-driven business of effective production, operation and ownership of affordable and mixed-income housing.* bridge earns the highest degree of customer satisfaction from all stakeholders, including residents, neighbors, investors, taxpayers, private- and public-sector partners, and employees.* bridge is the go-to developer and owner for public officials, investors and communities seeking an array of housing solutions, and it delivers results.

Filing and Contact Details

Filer

EIN
94-3147882
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IRS990/ActivityOrMissionDescription0SUCCESSFULLY PROVIDED AFFORDABLE HOUSING BY PROVIDING ASSET MANAGEMENT SERVICES AND SERVING AS THE GENERAL PARTNER. CONTINUED TO SUPPLY SUPPORT TO BRIDGE HOUSING CORPORATION. BRIDGE HOUSING CORPORATION CREATES HIGH-QUALITY, AFFORDABLE HOMES FOR WORKING FAMILIES AND SENIORS. WITH OVER 13,500 HOMES PLACED IN SERVICE AND OVER 5,200 UNITS CURRENTLY IN PROGRESS, BRIDGE IS AMONG THE LARGEST AFFORDABLE HOUSING DEVELOPERS IN CALIFORNIA. BRIDGE BUILDS A RANGE OF HOUSING TYPES THAT NOT ONLY FIT COMFORTABLY INTO THEIR SURROUNDINGS BUT ALSO ACT AS THE CATALYST FOR REVITALIZING AND STRENGTHENING NEIGHBORHOODS.
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IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation0BRIDGE AND AFFILIATES BELIEVE THAT THEY HAVE APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DO NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE CONSOLIDATED FINANCIAL STATEMENTS. BRIDGE AND AFFILIATES' FEDERAL AND STATE INCOME TAX RETURNS FOR THE YEARS 2008 THROUGH 2011 ARE SUBJECT TO EXAMINATION BY REGULATORY AGENCIES, GENERALLY FOR THREE YEARS AND FOUR YEARS AFTER THEY WERE FILED FOR FEDERAL AND STATE, RESPECTIVELY.
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IRS990ScheduleJ/Form990ScheduleJPartII/Title0PRESIDENT
IRS990ScheduleJ/Form990ScheduleJPartII/Title1VICE PRESIDENT
IRS990ScheduleJ/Form990ScheduleJPartII/Title2VICE PRESIDENT
IRS990ScheduleJ/Form990ScheduleJPartII/Title3VICE PRESIDENT/SECRETARY
IRS990ScheduleJ/Form990ScheduleJPartII/Title4VICE PRESIDENT/CFO
IRS990ScheduleJ/Form990ScheduleJPartII/Title5VICE PRESIDENT
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IRS990ScheduleJ/InitialContractException00
IRS990/ScheduleJRequired01
IRS990ScheduleJ/SeverancePayment01
IRS990ScheduleJ/SupplementalNonqualRetirePlan00
IRS990ScheduleO/GeneralExplanation/Explanation0THE CORPORATE CONTROLLER AND CFO CONDUCT A DETAIL REVIEW OF THE RETURN BEFORE IT IS FILED. DETAIL REVIEW INCLUDES AGREEING NUMBERS TO AUDIT REPORT, REASONABLENESS TESTS ON DATA, AND REVIEWING SALARY INFORMATION TO PAYROLL RECORDS. THE DIRECTORS AND OFFICERS OF BRIDGE EACH RECEIVED A COPY OF THE RETURN AND WAS GIVEN AN OPPORTUNITY TO OFFER COMMENTS BEFORE IT WAS FILED.
IRS990ScheduleO/GeneralExplanation/Explanation1ANY DIRECTOR OR OFFICER WHO HAS A FINANCIAL INTEREST, DIRECTLY OR INDIRECTLY, MUST DISCLOSE IT BEFORE A CONSIDERATION OR VOTE OF THE TRANSACTION IS MADE BY THE BOARD OF DIRECTORS. THE PERSON THAT HAS THE CONFLICT IS RESPONSIBLE FOR RECUSING THEMSELVES FROM THE DISCUSSION AND VOTE. THE BOARD OF DIRECTORS MINUTES REFLECT SUCH DISCUSSIONS. EACH YEAR THE DIRECTORS AND OFFICERS SIGN A STATEMENT TO DENOTE IF CONFLICTS EXISTED DURING THE YEAR. IF SUCH A CONFLICT EXISTED, THE DIRECTOR OR OFFICER DISCLOSES THE NATURE OF THE CONFLICT. THE ORGANIZATION ALSO DOES PERIODIC REVIEWS TO ENSURE COMPENSATION IS REASONABLE AND GOODS AND SERVICES RECEIVED ARE AT ARMS LENGTH AND CONFORM WITH INTERNAL POLICIES.
IRS990ScheduleO/GeneralExplanation/Explanation2PROPOSED COMPENSATION IS PRESENTED TO THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS OF BRIDGE HOUSING CORPORATION. THE PROPOSAL INCLUDES COMPARABLE DATA FROM INDEPENDENT SOURCES. THE COMMITTEE THEN APPROVES OR DISCUSSES ALTERNATIVES TO THE PROPOSAL.
IRS990ScheduleO/GeneralExplanation/Explanation3THE DOCUMENTS ARE AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST.
IRS990ScheduleO/GeneralExplanation/Explanation4THE PROCESS HAS NOT BEEN CHANGED FROM PRIOR YEAR.
IRS990ScheduleO/GeneralExplanation/ReturnReference0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/GeneralExplanation/ReturnReference1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/GeneralExplanation/ReturnReference2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/GeneralExplanation/ReturnReference3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/GeneralExplanation/ReturnReference4FORM 990, PART XII, LINE 2C
IRS990/ScheduleORequired01
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IRS990ScheduleR/ExchangeOfAssets00
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IRS990ScheduleR/Form990ScheduleRPartI/AddressUS/AddressLine11345 SPEAR STREET SUITE 700
IRS990ScheduleR/Form990ScheduleRPartI/AddressUS/AddressLine12345 SPEAR STREET SUITE 700

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$24.1$2.89$21.2$1.39$20.2$18.8
2023Detailed filing. Detailed filing data is available for this year.$41.8$1.84$40.0$2.17$2.72$4.89
2022Detailed filing. Detailed filing data is available for this year.$46.5$2.13$44.3$25.8$3.38$22.4
2021Detailed filing. Detailed filing data is available for this year.$24.9$3.00$21.9$5.69$2.62$3.07
2020Detailed filing. Detailed filing data is available for this year.$24.1$5.22$18.9$1.04$1.29$0.25
2019Detailed filing. Detailed filing data is available for this year.$24.7$5.56$19.1$13.3$1.81$11.5
2018Detailed filing. Detailed filing data is available for this year.$23.8$16.2$7.60$1.64$2.40$0.77
2017Detailed filing. Detailed filing data is available for this year.$24.3$8.52$15.8$1.21$2.48$1.27
2016Detailed filing. Detailed filing data is available for this year.$27.4$8.05$19.3$3.13$1.76$1.37
2015Detailed filing. Detailed filing data is available for this year.$26.1$8.10$18.0$11.3$2.49$8.84
2014Detailed filing. Detailed filing data is available for this year.$18.5$9.34$9.15$10.1$3.25$6.83
2013Detailed filing. Detailed filing data is available for this year.$5.07$3.69$1.38$2.36$1.22$1.13
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.41$4.16$0.24$2.50
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.25$3.75$2.50$1.96
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.2$14.3$2.94$3.37