BROOKLYN, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
BRIDGE STREET DEVELOPMENT CORPORATION'S MISSION IS THREEFOLD: (1)DEVELOPING AND UPGRADING HOUSING IN LOW AND MODERATE INCOME FAMILIES IN THE BEDFORD-STUYVESANT AREA; (2) ENCOURAGING THE FORMATION OF BUSINESSES IN, AND RECRUITING PROSPECTIVE AND EXISTING BUSINESSES TO, BEDFORD-STUYVESANT; 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.
COMMUNITY ENGAGEMENT AND YOUTH WORKFORCE-BSDC'S COMMUNITY ENGAGEMENT AND YOUTH WORKFORCE PROGRAMS BUILDS AND SUSTAINS VIBRANT AND EQUITABLE NEIGHBORHOODS WITHIN CENTRAL BROOKLYN, BY BRINGING TOGETHER...
COMMUNITY ENGAGEMENT AND YOUTH WORKFORCE-BSDC'S COMMUNITY ENGAGEMENT AND YOUTH WORKFORCE PROGRAMS BUILDS AND SUSTAINS VIBRANT AND EQUITABLE NEIGHBORHOODS WITHIN CENTRAL BROOKLYN, BY BRINGING TOGETHER THE TALENTS, RESOURCES, AND SKILLS OF ITS RESIDENTS. THIS IS ACCOMPLISHED BY THE FOLLOWING: (1) PROVIDING SUPPORT SERVICES AND EDUCATIONAL WORKSHOPS TO LMI TENANTS; (2) YOUTH AND YOUNG ADULT INTERNSHIP AND CERTIFICATE TRAINING PROGRAMS SUCH AS OVER 1,100 SYEP INTERNSHIPS FOR 14-24 YEAR OLDS, YEAR ROUND WPP INTERNSHIPS AND MOTIVATED YOUTH BUILDING ALL SELFEMPOWERMENT (MYBASE) CIVIC ENGAGEMENT AND LEADERSHIP DEVELOPMENT PROGRAMS; AND, (3) ORGANIZING AND CONVENING BLOCK AND TENANT ASSOCIATIONS ON A MONTHLY BASIS.
BSDC'S ECONOMIC DEVELOPMENT PROGRAM HAS FOUR OBJECTIVES: A) TO PROVIDE TECHNICAL AND PLANNING ASSISTANCE TO SMALL BUSINESS STARTUPS B)DEVELOP COMMERCIAL SPACE FOR BUSINESS C) IMPLEMENT NEIGHBORHOOD...
BSDC'S ECONOMIC DEVELOPMENT PROGRAM HAS FOUR OBJECTIVES: A) TO PROVIDE TECHNICAL AND PLANNING ASSISTANCE TO SMALL BUSINESS STARTUPS B)DEVELOP COMMERCIAL SPACE FOR BUSINESS C) IMPLEMENT NEIGHBORHOOD RETAIL INITIATIVES TO ATTRACT AND RETAIN BUSINESSES AND JOBS D) OFFER EMPOWERING FINANCIAL LITERACY PROGRAMS AND BUSINESS PLANNING COURSES, AS WELL AS FIRST-TIME HOMEBUYER WORKSHOPS.
RESTORATIVE JUSTICE-BSDC'S RESTORATIVE JUSTICE PROGRAM, PROJECT RESTORE BEDSTUY (PRB), IS AN IMMERSIVE, YEARLONG, INITIATIVE DESIGNED TO ASSIST YOUNG MEN IN NEED OF SUPPORT DUE TO THEIR INVOLVEMENT...
RESTORATIVE JUSTICE-BSDC'S RESTORATIVE JUSTICE PROGRAM, PROJECT RESTORE BEDSTUY (PRB), IS AN IMMERSIVE, YEARLONG, INITIATIVE DESIGNED TO ASSIST YOUNG MEN IN NEED OF SUPPORT DUE TO THEIR INVOLVEMENT IN STREET FORMATIONS. THE PROJECT IS A COLLABORATION BETWEEN MANY COMMUNITY AND CITY STAKEHOLDERS. PRB PROVIDES ITS PARTICIPANTS WITH MENTORSHIP, WRAPAROUND SUPPORT, AND THE RESOURCES TO HELP THEM REGAIN CONTROL OF THEIR LIVES. CORE COMPONENTS INCLUDE ACCESS TO SOCIAL RESOURCES AND SERVICES, PAID INTERNSHIP EMPLOYMENT, TARGETED EDUCATION, AND IMPORTANT LIFE SKILLS. ADDITIONALLY, THROUGH RESTORATIVE JUSTICE AND TRAUMAINFORMED PROGRAMMING, IT ALLOWS PARTICIPANTS TO TAKE RESPONSIBILITY FOR ANY HARM CAUSED, WHILE ALSO HEALING FROM ANY HARM THEY MAY HAVE EXPERIENCED THEMSELVES.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
Compare BRIDGE STREET DEVELOPMENT CORPORATION with other nonprofits in New York and across the country.