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Bridgeway Development Corporation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 800842724 ✦ Pittsburgh, PA ✦ Designated as a 501(c)(2)

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Overview

What is Bridgeway Development Corporation?

Bridgeway Development Corporation is a nonprofit organization situated in Pittsburgh, Pennsylvania. Their primary mission involves owning, operating, and developing commercial rental real estate for small businesses, providing a space to thrive in a low-income community. Furthermore, they are committed to offering healthy food options, offering low-income housing, supporting nonprofit service providers, creating job opportunities, and contributing to the revitalization of underprivileged neighborhoods. Their work aims to foster a supportive environment for local enterprises and communities in need.


Official website here: www.bridgewaycapital.org

Is Bridgeway Development Corporation legitimate?

Bridgeway Development Corporation is a legitimate nonprofit organization registered as a 501(c)(2) entity. Bridgeway 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


Official website here: www.bridgewaycapital.org

What is the mission statement of Bridgeway Development Corporation?

Bridgeway Development Corporation's mission is centered around owning, operating, and developing commercial rental real estate for small businesses. Additionally, they aim to supply healthy food options and provide low-income housing. The corporation also plays a significant role in supporting nonprofit service providers and creating job opportunities. Their ultimate goal is to revitalize low-income communities. In essence, Bridgeway Development Corporation is dedicated to fostering growth and well-being in underserved communities, fostering entrepreneurship, and promoting access to essential services.


Official website here: www.bridgewaycapital.org

Who is the CEO of Bridgeway Development Corporation?

Thomas J Bogdewic is the President of Bridgeway Development Corporation.


Official website here: www.bridgewaycapital.org

What is the revenue of Bridgeway Development Corporation?

Bridgeway Development Corporation's revenue in 2022 was $795,090.


Official website here: www.bridgewaycapital.org

Who are the executives of Bridgeway Development Corporation and what are their salaries?

There 2 volunteers at Bridgeway Development Corporation.


Here are 4 key members and their salaries:


Thomas Bogdewic (President)
  • Compensation: $0
  • Related: $194,598
  • Other: $50,337
Reginald Overton (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ricardo Savido (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Scott Langill (Treasurer)
  • Compensation: $0
  • Related: $157,487
  • Other: $34,024


Official website here: www.bridgewaycapital.org

Where can I find the form 990 for Bridgeway Development Corporation?

Bridgeway Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.bridgewaycapital.org

Learn more at the official website: www.bridgewaycapital.org

Mission Statement of Bridgeway Development Corporation

Bridgeway Development Corporation is a mission-driven organization with a commitment to own, operate, and develop commercial rental real estate for small businesses, supply healthy foods, provide low-income housing, support nonprofit service providers, create jobs, and aid in the revitalization of low-income communities. This nonprofit corporation strives to make a significant impact in various aspects of community development, addressing the needs of small businesses, promoting healthy eating, and providing affordable housing options.

By investing in commercial real estate properties, Bridgeway Development Corporation offers a platform for small businesses and nonprofit organizations to thrive in low-income communities. The corporation's efforts to supply healthy foods further support the well-being of the community, contributing to a healthier lifestyle for its residents. Additionally, Bridgeway Development Corporation addresses the housing crisis by providing low-income housing, enabling individuals and families to secure stable living conditions. The corporation also supports nonprofit service providers, helping them to effectively contribute to the community's overall development.

In summary, Bridgeway Development Corporation's mission is a multifaceted approach to community development, aimed at creating opportunities for small businesses, promoting health and well-being through healthy food options, providing affordable housing, and supporting nonprofit service providers. By actively engaging in these endeavors, Bridgeway Development Corporation plays a vital role in revitalizing low-income communities and creating a more sustainable and thriving environment for its residents.

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Impact




October, 2024

Bridgeway Development Corporation significantly impacts low-income communities by focusing on several key areas. Primarily, it owns, operates, and develops commercial rental real estate tailored for small businesses, creating vital spaces that foster entrepreneurship and economic growth. This initiative not only supports local businesses but also contributes to job creation within the community, enhancing economic stability.

In addition to facilitating commercial development, Bridgeway Development Corporation is dedicated to providing access to healthy foods and ensuring availability of low-income housing. By addressing food security and affordable living, the Corporation plays a crucial role in improving the overall quality of life for residents in these areas.

Moreover, the Corporation supports service providers, strengthening the network of resources available to the community. Through these comprehensive efforts, Bridgeway Development Corporation actively contributes to the revitalization of low-income neighborhoods, creating a more vibrant and sustainable environment for all residents.




This information is meant to be a general summary of Bridgeway 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.

Revenue
$795,090 (2022)
Expenses
$1,587,765 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $255
  • Program Service Revenue: $794,835
  • Gross Receipts: $795,090

Assets and Liabilities:

  • Total Assets: $12,400,334
  • Total Liabilities: $1,413,406
  • Net Assets: $10,986,928

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

RENTAL INCOME

Revenue

$794,835

Organization Details

Founding Year

2015

Principal Officer

Thomas J Bogdewic

Main Address

310 GRANT STREET 2800, PITTSBURGH, PA, 15219

NTEE Category

Code: S47 - Community improvement

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