BRIDGEWATER COMMUNITY SERVICES INC

EIN: 222410659 501(c)(3) Housing & Shelter

Bridgewater, NJ

Total Revenue
$349,674
Total Expenses
N/A
Total Assets
$5,821,831
Net Assets
$737,075
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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
1982
Legal Domicile
NJ
Phone
9087257899
Tax Period
2024-01-01 to 2024-12-31

BRIDGEWATER COMMUNITY SERVICES INC, founded in 1982, is a small nonprofit in the Housing & Shelter sector that reported $350K in total revenue in fiscal year 2024. Revenue grew 20% year-over-year, indicating healthy expansion.

Mission

PROVIDE LOW INCOME ELDERLY HOUSING SPONSORED BY HUD AND PROVIDE FINANCING FOR LOW INCOME HOUSING

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $2,192
Other Revenue $347,482
TOTAL REVENUE $349,674

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $0
TOTAL EXPENSES $0

Year-over-Year Comparison

2024 2023 Change
Revenue $349,674 $292,118 +0.2%
Expenses N/A N/A N/A
Net Income N/A $292,118 N/A
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

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Governance

Voting Members
7
Independent Members
7
Employees
7
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
2
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PATTY PADOVANI SECRETARY 3.00
Officer Director
$0 $0 $0
HOWARD W NORGALIS Jr MEMBER 3.00
Director
$0 $0 $0
HELEN ONEILL MEMBER 3.00
Director
$0 $0 $0
PATRICK SCAGLIONE PRESIDENT 0.00
Officer Director
$0 $0 $0
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 $349,674 No data $5,821,831 No data
2023 $292,118 No data $5,652,132 No data
2022 $154,969 No data $5,565,116 No data
2021 $215,364 No data $5,583,544 No data
2020 $-93,134 No data $5,565,205 No data
2019 $238,633 No data $5,820,210 No data
2018 $153,857 No data $5,723,921 No data
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