BRIDGE STREET DEVELOPMENT CORPORATION (EIN 113250772) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1995

Legal Domicile

Principal Officer

GREGORY ANDERSON

Phone

7183990146

Tax Period

2023-01-01 to 2023-12-31

BRIDGE STREET DEVELOPMENT CORPORATION, founded in 1995, is a community nonprofit in the Community Improvement sector that reported $4.5M in total revenue in fiscal year 2023. Revenue surged 64% from the prior year, signaling strong growth momentum.

Mission

BRIDGE STREET DEVELOPMENT CORPORATION'S MISSION IS THREEFOLD: (1)DEVELOPING AND UPGRADING HOUSING IN LOW AND MODERATE INCOME FAMILIES IN THE BEDFORDSTUYVESANT AREA; (2) ENCOURAGING THE FORMATION OF BUSINESSES IN, AND RECRUITING PROSPECTIVE AND EXISTING BUSINESSES TO, BEDFORSTUYVESANT; AND(3)DEVELOPING MANAGEMENT AND ADMINISTRATIVE CAPACITY THAT WILL ALLOW FOR THE CENTRALIZED PROVISION OF SUCH SERVICES TO THE SEVERAL CORPORATIONS AFFILIATED WITH BRIDGE STREET AFRICAN WESLEYAN METHODIST EPISCOPAL CHURCH.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,708,457

Program Service Revenue $823,366

Investment Income $-3,227

Other Revenue $676

TOTAL REVENUE $4,529,272

Expense Breakdown

Grants Paid $71,085

Salaries & Benefits $3,584,533

Fundraising Expenses $149,540

Program Expenses $4,128,635

Other Expenses $947,293

TOTAL EXPENSES $4,602,911

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,529,272	$2,763,736	+0.6%
Expenses	$4,602,911	$2,636,980	+0.7%
Net Income	$-73,639	$126,756	-1.6%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

101

Volunteers

N/A

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$224,839

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EDWARD ODOM JR	CHAIRMAN	1.00	Officer Director	$0	$0	$0
PHYLLIS WHITE-THORNE	VICE CHAIR	1.00	Officer Director	$0	$0	$0
ABITZEL ROBITSON-HOBSON	TREASURER	1.00	Officer Director	$0	$0	$0
VALERIE KENDERICK-COUSIN	SECRETARY	1.00	Officer Director	$0	$0	$0
DREXEL HARRIS	MEMBER	1.00	Director	$0	$0	$0
NILES DANTE STEWART	MEMBER	1.00	Director	$0	$0	$0
GREGORY ANDERSON	PRESIDENT AND CEO	40.00	Officer	$201,108	$23,731	$224,839

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$4,529,272	$4,602,911	$2,932,460	$-73,639
2023	$4,532,842	$4,602,910	$2,763,053	$-70,068
2022	$2,763,736	$2,636,980	$2,210,051	$126,756
2021	$1,804,289	$2,078,619	$1,795,467	$-274,330
2020	$1,418,867	$1,464,008	$2,109,138	$-45,141
2019	$1,557,567	$1,548,574	$2,140,813	$8,993
2018	$1,960,605	$1,402,597	$2,195,257	$558,008

BRIDGE STREET DEVELOPMENT CORPORATION