Overview
What is Bridge Northwest Development Inc?
Bridge Northwest Development Inc is a nonprofit organization with a mission to support Bridge Housing Corporation (Bridge). Based in San Francisco, California, the organization contributes to strengthening communities by developing, owning, and managing high-quality, affordable homes for working families and seniors. Their vision extends beyond housing, aiming to create opportunities and earn the highest degree of satisfaction from all stakeholders. As a general partner in a partnership, they operate an affordable housing project for low-income individuals. Bridge Northwest Development Inc is recognized as a leader and innovator in the mission-driven business of producing, operating, and owning affordable and mixed-income housing.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 64%, earning it a Two-Star out of Four Star rating
Bridge Northwest Development Inc has received a two-star rating from Charity Navigator, reflecting a score of 64%. While the organization has demonstrated strong program expenses, with an impressive 99.65% allocation, concerns arise from its lack of independent board members and missing financial transparency on its website. The absence of independent oversight may raise questions about governance and accountability.
The organization has established a comprehensive conflict of interest policy, a whistleblower policy, and maintains minutes for board meetings, which are positive indicators of internal governance. Additionally, they achieved full points for their audit and oversight practices and have no reported material diversion of assets, showcasing financial integrity in certain areas.
However, the high liabilities to assets ratio of 83.85% is a significant limitation, indicating potential financial vulnerability. The missing tax forms and website disclosures further detract from overall transparency, which is essential for building trust with donors and the community. Overall, while Bridge Northwest Development Inc demonstrates strengths in some governance practices, major areas for improvement exist regarding board independence and financial reporting.
This AI summary has been generated from information found on Charity Navigator.
Is Bridge Northwest Development Inc legitimate?
Bridge Northwest Development Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bridge Northwest Development Inc 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: $221,060
For more financial information, click here
What is the mission statement of Bridge Northwest Development Inc?
Bridge Northwest Development Inc supports Bridge Housing Corporation, an organization that strengthens communities by developing, owning, and managing high-quality, affordable homes for working families and seniors. Their mission is multifaceted, aiming to strengthen communities beyond housing, creating opportunities for these groups. Bridge is a leader and innovator in the mission-driven business of producing, operating, and owning affordable and mixed-income housing. They strive for the highest level 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 a variety of housing solutions, delivering results consistently.
Who is the CEO of Bridge Northwest Development Inc?
Delphine Sherman is the Evp Of Development (Outgoing) of Bridge Northwest Development Inc. The CEO's salary of Bridge Northwest Development Inc is $0 and their total compensation is $538,963.
What is the revenue of Bridge Northwest Development Inc?
Bridge Northwest Development Inc's revenue in 2022 was $4,153,455.
Who are the executives of Bridge Northwest Development Inc and what are their salaries?
Here are 7 key members and their salaries (Bridge Northwest Development Inc's CEO's salary is $0 and their total compensation is $538,963):
- Compensation: $0
- Related: $486,042
- Other: $98,469
- Compensation: $0
- Related: $503,363
- Other: $35,600
- Compensation: $0
- Related: $347,144
- Other: $116,424
- Compensation: $0
- Related: $342,254
- Other: $104,797
- Compensation: $0
- Related: $347,823
- Other: $97,080
- Compensation: $0
- Related: $245,086
- Other: $21,219
- Compensation: $0
- Related: $76,056
- Other: $3,970
Where can I find the form 990 for Bridge Northwest Development Inc?
Bridge Northwest Development Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Bridge Northwest Development Inc
Bridge Northwest Development Inc supports Bridge Housing Corporation (Bridge) in its mission to strengthen communities and create opportunities for working families and seniors. Bridge achieves this by developing, owning, and managing high-quality, affordable homes. The organization is a leader and innovator in the mission-driven business of effective production, operation, and ownership of affordable and mixed-income housing. Bridge aims to earn the highest degree of satisfaction from all stakeholders, including residents, neighbors, investors, taxpayers, private- and public-sector partners, and employees. The organization is a go-to developer and owner for public officials, investors, and communities seeking a range of housing solutions, delivering results consistently. In summary, Bridge Northwest Development Inc plays a crucial role in addressing housing needs for working families and seniors, contributing to the overall strength and growth of the communities they serve.
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Impact
July, 2024
Bridge Northwest Development Inc's impact lies in its dedication to supporting Bridge Housing Corporation in its mission to strengthen communities by developing, owning, and managing high-quality, affordable homes for working families and seniors. By being a general partner in affordable housing projects for low-income individuals, this organization plays a crucial role in providing necessary housing solutions to those in need. Through its commitment to creating opportunities for working families and seniors, Bridge Northwest Development Inc contributes to the overall well-being and stability of communities, serving as a leader and innovator in the realm of affordable and mixed-income housing development.
This information is meant to be a general summary of Bridge Northwest Development Inc. 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: $978,730
- Program Service Revenue: $1,747,146
- Gross Receipts: $4,153,455
Assets and Liabilities:
- Total Assets: $45,828,576
- Total Liabilities: $38,431,419
- Net Assets: $7,397,157
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$1,622,570
ASSET MANAGEMENT FEES
Revenue
$124,576
Organization Details
Founding Year
2013
Phone
(415) 989-1111Principal Officer
Delphine Sherman
Main Address
600 CALIFORNIA STREET 900, SAN FRANCISCO, CA, 94108
NTEE Category
Code: L20 - Housing
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