Overview
What is Bridge Impact Capital?
Bridge Impact Capital is a nonprofit organization situated in San Francisco, California, with a focus on sourcing private debt and equity for the predevelopment, preservation, and acquisition of affordable housing. Their mission is to support Bridge Housing Corporation (Bridge), an entity that strengthens communities by developing, owning, and managing high-quality, affordable homes for working families and seniors. Bridge aims to be a leader and innovator in the mission-driven business of effective production, operation, and ownership of affordable and mixed-income housing, earning high customer satisfaction from all stakeholders. Their vision extends beyond housing, aiming to create opportunities for working families and seniors in the communities they serve.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 74% (Two-Star out of Four Star rating)
Bridge Impact Capital has received a 74% rating from Charity Navigator, indicating some areas of improvement, particularly in governance and board independence. The organization scored highly in financial metrics, with a program expense ratio of 91.36%, showing that a significant portion of its funds is directed towards program services.
However, the organization faced critical weaknesses in board governance. There are no independent board members, leading to a score of 0% in both the majority independent board members and independent board size categories. While they have established conflict of interest and whistleblower policies, the absence of independent oversight raises concerns about accountability.
Overall, while Bridge Impact Capital demonstrates strong financial management and transparency in many operational aspects, the lack of independent governance may limit its effectiveness and public trust. Addressing these structural weaknesses could enhance their rating and organizational impact in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Bridge Impact Capital legitimate?
Bridge Impact Capital is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bridge Impact Capital 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: $16,299
For more financial information, click here
What is the mission statement of Bridge Impact Capital?
Bridge Impact Capital supports Bridge Housing Corporation (Bridge) in its mission to strengthen communities by developing, owning, and managing high-quality, affordable homes for working families and seniors. The organization's vision extends beyond housing, aiming to create opportunities for these groups within the communities. Bridge is recognized as a leader and innovator in the production, operation, and ownership of affordable and mixed-income housing. The organization consistently achieves high levels of customer satisfaction from various stakeholders, including residents, neighbors, investors, taxpayers, and employees. Bridge is regarded as the go-to developer and owner for public officials, investors, and communities seeking a range of housing solutions, delivering results effectively.
Who is the CEO of Bridge Impact Capital?
Delphine Sherman is the Vp (Outgoing) of Bridge Impact Capital. The CEO's salary of Bridge Impact Capital is $0 and their total compensation is $538,963.
What is the revenue of Bridge Impact Capital?
Bridge Impact Capital's revenue in 2022 was $52,201.
Who are the executives of Bridge Impact Capital and what are their salaries?
Here are 7 key members and their salaries (Bridge Impact Capital'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 Impact Capital?
Bridge Impact Capital's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Bridge Impact Capital
Bridge Impact Capital supports Bridge Housing Corporation (Bridge) in its mission to strengthen communities by developing, owning, and managing high-quality, affordable homes for working families and seniors. This organization is committed to bridging the gap in housing solutions, serving as a leader and innovator in the production, operation, and ownership of affordable and mixed-income housing. Bridge prioritizes customer satisfaction from all stakeholders, including residents, neighbors, investors, taxpayers, private- and public-sector partners, and employees. As a go-to developer and owner, Bridge delivers results, making it a reliable choice for public officials, investors, and communities seeking a diverse array of housing solutions. The ultimate goal of Bridge Impact Capital is to create opportunities for working families and seniors, extending beyond housing to contribute positively to their communities.
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Impact
October, 2024
Bridge Impact Capital plays a crucial role in strengthening communities by facilitating the development and management of high-quality, affordable housing. Through sourcing private debt and equity for predevelopment, preservation, and acquisition of affordable housing, Bridge Impact Capital directly addresses the pressing need for quality homes for working families and seniors.
By focusing on holistic improvements in educational, health, and economic opportunities for low-income communities, the organization ensures that housing is not just a place to live but a foundation for a better quality of life. Their commitment to customer satisfaction among all stakeholders—residents, neighbors, investors, and public officials—positions them as a trusted leader in the mission-driven housing sector. This reputation enables them to effectively collaborate with diverse partners to deliver innovative housing solutions that genuinely meet community needs.
Overall, Bridge Impact Capital’s impact is multifaceted, encompassing the development of affordable and mixed-income housing and a broader commitment to uplifting the socio-economic fabric of the communities they serve.
This information is meant to be a general summary of Bridge Impact Capital. 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: $4,267
- Program Service Revenue: $47,934
- Gross Receipts: $52,201
Assets and Liabilities:
- Total Assets: $1,995,455
- Total Liabilities: $4,860
- Net Assets: $1,990,595
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM NOTE INTEREST
Revenue
$40,859
ASSET MANAGEMENT FEES
Revenue
$6,375
OTHER REVENUE
Revenue
$700
Organization Details
Founding Year
2003
Phone
(415) 989-1111Principal Officer
Delphine Sherman
Main Address
600 CALIFORNIA STREET 900, SAN FRANCISCO, CA, 94108
NTEE Category
Code: L192 - Housing
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