Overview
What is Bridge Norcal Development Inc?
Bridge Norcal Development Inc is a nonprofit organization based in San Francisco, California. Its primary 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. The organization's vision includes earning the highest level of customer satisfaction from all stakeholders, serving as a leader in the mission-driven business of affordable housing, and delivering effective housing solutions to public officials, investors, and communities. In essence, Bridge Norcal Development Inc plays a crucial role in providing affordable housing solutions, improving communities, and fostering opportunities for working families and seniors.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (74%)
Bridge Norcal Development Inc has received a two-star rating from Charity Navigator, indicating that the organization has areas needing improvement, particularly in governance. While the organization demonstrates strong program expense efficiency with nearly 91% of its budget allocated to program services, it lacks independent board members, which is a significant concern regarding oversight and accountability.
The organization shows positive attributes, including the implementation of a conflict of interest policy, a whistleblower policy, and a document retention policy, all of which contribute to its operational transparency. Additionally, there are no reported material diversions of assets, reflecting sound financial practices. The liabilities to assets ratio is also healthy, suggesting that the organization is managing its debts effectively.
However, the complete absence of independent board members raises questions about the organization's governance structure. Independent oversight is crucial for maintaining accountability and ensuring decisions are made in the best interest of the organization and its stakeholders. Overall, while Bridge Norcal Development Inc excels in several financial metrics, improvements in board governance are needed for increased trust and credibility.
This AI summary has been generated from information found on Charity Navigator.
Is Bridge Norcal Development Inc legitimate?
Bridge Norcal Development Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bridge Norcal 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: $0
For more financial information, click here
What is the mission statement of Bridge Norcal Development Inc?
Bridge Norcal Development Inc supports Bridge Housing Corporation's mission to strengthen communities by developing, owning, and managing high-quality, affordable homes for working families and seniors. Their vision extends beyond housing, aiming to create opportunities for these groups. Bridge is recognized as a leader and innovator in the production, operation, and ownership of affordable and mixed-income housing. They prioritize customer satisfaction from all stakeholders, including residents, neighbors, investors, taxpayers, and employees. Bridge serves as the go-to developer and owner for public officials, investors, and communities seeking housing solutions, consistently delivering results.
What is the revenue of Bridge Norcal Development Inc?
Bridge Norcal Development Inc's revenue in 2023 was $28,926.
Who are the executives of Bridge Norcal Development Inc and what are their salaries?
Here are 9 key members and their salaries:
- Compensation: $0
- Related: $1,007,909
- Other: $47,242
- Compensation: $0
- Related: $417,504
- Other: $120,312
- Compensation: $0
- Related: $408,787
- Other: $100,838
- Compensation: $0
- Related: $405,393
- Other: $108,335
- Compensation: $0
- Related: $366,441
- Other: $48,028
- Compensation: $0
- Related: $474,486
- Other: $55,741
- Compensation: $0
- Related: $397,025
- Other: $97,083
- Compensation: $0
- Related: $156,829
- Other: $16,509
- Compensation: $0
- Related: $417,409
- Other: $90,294
Where can I find the form 990 for Bridge Norcal Development Inc?
Bridge Norcal Development Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Bridge Norcal Development Inc
Bridge Norcal Development Inc, in its mission, supports Bridge Housing Corporation (Bridge). Bridge's primary goal is to strengthen communities by developing, owning, and managing high-quality, affordable homes for working families and seniors. This organization's vision goes beyond housing, aiming to create opportunities for these communities, earning the highest degree of satisfaction from all stakeholders. Bridge is recognized as a leader and innovator in the mission-driven business of effective production, operation, and ownership of affordable and mixed-income housing. The organization delivers results, making it the go-to developer and owner for public officials, investors, and communities seeking various housing solutions.
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Impact
August, 2024
Bridge Norcal Development Inc's impact is focused on strengthening communities by developing, owning, and managing high-quality, affordable homes for working families and seniors. They aim to create opportunities for these groups through the provision of housing, demonstrating leadership and innovation in the mission-driven business of affordable and mixed-income housing. Bridge Norcal Development Inc earns high levels of customer satisfaction from various stakeholders and serves as a go-to developer and owner for public officials, investors, and communities seeking housing solutions. Through their efforts, they contribute to improving access to quality housing for low-income individuals, thereby making a meaningful impact on the communities they serve.
This information is meant to be a general summary of Bridge Norcal 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 2023.
- Program Service Revenue: $25,336
- Gross Receipts: $28,926
Assets and Liabilities:
- Total Assets: $1,190,005
- Total Liabilities: $177,850
- Net Assets: $1,012,155
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ASSET MANAGEMENT FEES
Revenue
$25,336
Organization Details
Founding Year
1990
Principal Officer
Kenneth Lombard
NTEE Category
Code: Z99Z - Unknown
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