Overview
What is Bridgewood Non Profit Housing Corporation?
Bridgewood Non Profit Housing Corporation is a nonprofit organization located in Escanaba, Michigan. It primarily serves emotionally impaired adults, offering them a supportive living environment. The organization operates two group homes, accommodating 15 and 6 residents respectively, providing them with room, board, and round-the-clock care and supervision. The residents also receive training in daily living skills and are encouraged to participate in community outings and events. The corporation's funding comes from resident room and board charges, Section 8 rental subsidies, and reimbursements from local mental health facilities.
What are the reviews and ratings of this charity?
Charity Navigator Rating 90%
Bridgewood Non Profit Housing Corporation has achieved a Four-Star out of Four Star rating from Charity Navigator, highlighting its exceptional performance in accountability and finance. The organization scored 90%, with its overall score derived entirely from its accountability measures, reflecting its commitment to transparency and effective financial management.
One of the strengths of Bridgewood is its governance structure, with an independent board comprising 100% independent members, which fosters accountability. The nonprofit excels in financial oversight, receiving full marks in areas such as audit and oversight committee functions and conflict of interest policies, indicating robust practices in safeguarding assets and ethical integrity.
Additionally, the organization demonstrates a strong program expense ratio of 95.72%, ensuring that a significant portion of its resources is directed towards its mission-related programs. However, while the ratings and feedback are overwhelmingly positive, continuous efforts to maintain these standards will be essential for ongoing success and community trust.
This AI summary has been generated from information found on Charity Navigator.
Is Bridgewood Non Profit Housing Corporation legitimate?
Bridgewood Non Profit Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bridgewood Non Profit Housing Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,076,697
For more financial information, click here
What is the mission statement of Bridgewood Non Profit Housing Corporation?
Bridgewood Non Profit Housing Corporation operates group homes providing emotional support for adults. The 15-bed and 6-bed residences offer room, board, and round-the-clock supervision. Besides these essential services, residents receive training in daily living skills and opportunities for community involvement. Bridgewood organizes events and daily outings in community settings to engage the residents. The organization's funding comes from resident fees, Section 8 rental subsidies, and reimbursements from local mental health facilities. Throughout the year, Bridgewood housed 21 emotionally impaired individuals, offering them 24-hour care, skill development, and group outings.
Who is the CEO of Bridgewood Non Profit Housing Corporation?
Jonathan Mead is the President of Bridgewood Non Profit Housing Corporation.
What is the revenue of Bridgewood Non Profit Housing Corporation?
Bridgewood Non Profit Housing Corporation's revenue in 2022 was $1,917,871.
Who are the executives of Bridgewood Non Profit Housing Corporation and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $160,966
- Other: $14,187
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Bridgewood Non Profit Housing Corporation?
Bridgewood Non Profit Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Bridgewood Non Profit Housing Corporation
Bridgewood Non Profit Housing Corporation is dedicated to providing a safe and supportive living environment for emotionally impaired adults. This is achieved through the operation of two group homes, one with 15 beds and the other with 6 beds. Residents are offered room, board, and round-the-clock supervision. Beyond basic needs, Bridgewood also focuses on equipping its residents with daily living skills. The organization encourages community integration by organizing events and daily outings in various community settings. This holistic approach aims to empower the residents and improve their overall quality of life.
Funding for Bridgewood's operations comes from several sources, including resident room and board charges, Section 8 rental subsidies, and reimbursements from local mental health facilities. Throughout the year, the organization provides 24-hour care and supervision to 21 emotionally impaired individuals, offering them a place to call home. In addition to the basic care, these residents are also provided with training in daily living skills and given the opportunity to participate in group outings. This comprehensive approach allows Bridgewood to contribute positively to the lives of those it serves, providing them with the necessary tools to navigate their daily lives and fostering their integration into the community.
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Impact
July, 2024
Bridgewood Non Profit Housing Corporation provides essential support and care to emotionally impaired adults through their operation of a 15-bed and a 6-bed group home in Escanaba, MI. The organization offers round-the-clock supervision, room, and board to residents, as well as assistance in daily living skills. By housing 21 emotionally impaired individuals throughout the year and organizing group outings and community events, Bridgewood significantly impacts the lives of those under their care.
This information is meant to be a general summary of Bridgewood Non Profit Housing Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $774
- Program Service Revenue: $1,815,104
- Gross Receipts: $1,917,871
Assets and Liabilities:
- Total Assets: $1,546,302
- Total Liabilities: $389,032
- Net Assets: $1,157,270
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FEES-COMMUNITY MENTAL HEALTH
Revenue
$1,511,648
ROOM AND BOARD INCOME
Revenue
$224,537
MISCELLANEOUS INCOME
Revenue
$78,919
Organization Details
Founding Year
1978
Phone
(906) 786-4701Principal Officer
Jonathan Mead
Main Address
PO BOX 606, ESCANABA, MI, 49829
NTEE Category
Code: P70 - Human services
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