BRIDGEWATER COMMUNITY SERVICES INC

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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

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

Program Service Accomplishments

Program 1

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%)

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

Governance

Voting Members

Independent Members

Employees

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

Total Directors

Key Employees

Highest Compensated

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