Overview
What is Building Bridges Development Corporation?
Building Bridges Development Corporation, located at 1901 Mississippi Ave SE, Washington, DC 20020, is a nonprofit organization with a charitable and educational mission. It primarily supports the activities of Building Bridges Across the River, a 501(c)3 organization. The Corporation's role involves serving New Market Tax Credits and construction loans, thereby contributing to the activities of its sister organization. The exact nature of these activities or the initiatives they support is not explicitly mentioned in the information provided, but it can be inferred that they contribute to community development or bridging gaps in some manner.
Is Building Bridges Development Corporation legitimate?
Building Bridges Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Building Bridges Development 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: $0
For more financial information, click here
What is the mission statement of Building Bridges Development Corporation?
Building Bridges Development Corporation (BBDC) was established with a charitable and educational purpose, primarily to support the activities of Building Bridges Across the River (BBAR), a Section 501(C)3 organization. The BBDC's mission is to operate exclusively for these causes, thereby contributing to the initiatives undertaken by BBAR. By managing New Market Tax Credits and construction loans, BBDC aids in the support of BBAR's activities. In essence, BBDC's role is to strengthen BBAR's charitable and educational endeavors.
Who is the CEO of Building Bridges Development Corporation?
Rahsaan Bernard is the President of Building Bridges Development Corporation.
What is the revenue of Building Bridges Development Corporation?
Building Bridges Development Corporation's revenue in 2022 was $500,004.
Who are the executives of Building Bridges Development Corporation and what are their salaries?
There 1 volunteer at Building Bridges Development Corporation.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $37,197
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $299,383
- Other: $26,546
- Compensation: $0
- Related: $166,738
- Other: $15,233
Where can I find the form 990 for Building Bridges Development Corporation?
Building Bridges Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Building Bridges Development Corporation
Building Bridges Development Corporation, a charitable and educational organization, was established with the primary objective of supporting the activities of Building Bridges Across the River, a separate 501(c)3 entity. The corporation's mission is to operate in alignment with this purpose, providing necessary funding and resources to facilitate the operations of Building Bridges Across the River. By managing New Market Tax Credits and construction loans, Building Bridges Development Corporation aids in the realization of the initiatives undertaken by Building Bridges Across the River. In essence, the corporation serves as a vital contributor to the charitable and educational endeavors of its sister organization, ensuring their continued operation and success.
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Impact
October, 2024
Building Bridges Development Corporation has made a significant impact by facilitating access to New Market Tax Credits and construction loans, which support the activities of Building Bridges Across the River. This initiative has helped foster economic development and enhance community resources in Washington, DC. Through its efforts, BBDC contributes to a vibrant arts scene and the overarching mission of promoting charitable and educational endeavors, ultimately bridging resources and opportunities in the region.
This information is meant to be a general summary of Building Bridges Development 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: $4
- Gross Receipts: $500,004
Assets and Liabilities:
- Total Assets: $26,808,289
- Total Liabilities: $31,450,130
- Net Assets: -$4,641,841
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Organization Details
Founding Year
2015
Phone
(202) 889-5901Principal Officer
Rahsaan Bernard
Main Address
1901 MISSISSIPPI AVE SE, WASHINGTON, DC, 20020
NTEE Category
Code: A11 - Arts
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