BRIDGES OUTREACH 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

1988

Legal Domicile

Principal Officer

RICHARD UNIACKE

Phone

9082730176

Tax Period

2023-01-01 to 2023-12-31

BRIDGES OUTREACH INC, founded in 1988, is a community nonprofit in the Human Services sector that reported $3.0M in total revenue in fiscal year 2023. Revenue surged 37% from the prior year, signaling strong growth momentum. Expenses of $2.6M left a modest 14% surplus.

Mission

BRIDGES ENDS HOMELESSNESS THROUGH VOLUNTEER-DRIVEN OUTREACH AND INDIVIDUAL CASE MANAGEMENT FOCUSING ON HEALTH, HOUSING, AND INDEPENDENCE. BRIDGES FORMS RELATIONSHIPS WITH THOSE EXPERIENCING HOMELESSNESS WHILE MEETING THEIR MOST URGENT NEEDS. BRIDGES CONNECTS THE HOUSED AND HOMELESS TO ESTABLISH RELATIONSHIPS THAT LEAD TO GREATER ACCEPTANCE AND UNDERSTANDING, SOCIAL AND ECONOMIC GROWTH, AND WELLBEING.

Program Service Accomplishments

Program 1

Expenses: $2,235,299 Revenue: $200,345

WE END HOMELESSNESS BY MEETING PEOPLE WHERE THEY ARE. FIRST PROVIDING SUPPLIES OF FOOD, CLOTHING, TOILETRIES,OTHER NECESSITIES AND WORK TO BUILD TRUST WITH PEOPLE EXPERIENCING HOMELESSNESS IN ESSEX AND UNION COUNTIES IN NJ. THE INFORMATION GATHERED DURING THESE ENGAGEMENTS ENABLES CONNECTION TO CASE MANAGEMENT, SERVICES AND PROGRAMS. OUR QUANTITATIVE AND QUALITATIVE DATA ALSO ENABLE US TO DRIVE CHANGES TO BROKEN SYSTEMS. IN 2023 WE ENGAGED 9,624 PEOPLE EXPERIENCING HOMELESSNESS IN NJ. IN 2023, WE PLACED 209 PEOPLE IN PERMANENT HOUSING ALLOWING THEM TO EXIT HOMELESSNESS, AND PREVENTED HOMELESSNESS FOR 283 HOUSEHOLDS. WITH THE HELP OF 1,600+ VOLUNTEERS EACH YEAR, BRIDGES DELIVERS 47,078 BROWN BAG MEALS, 7,853 COLD WEATHER AND TOILETRY KITS, 109 BUCKETS OF SOUP, 16,832 BOTTLES OF WATER AND OVER 340 PIECES OF SEASONALLY APPROPRIATE CLOTHING . ALL OF THIS WORK IS DONE WITH A TRAUMA-INFORMED APPROACH. THROUGH BOTH PROJECT CONNECT DROP-IN CENTERS, IN NEWARK, AND SUMMIT, BRIDGES PREVENTS IMMINENT HOMELESSNESS AND CONNECTS PEOPLE WHO ARE EXPERIENCING HOMELESSNESS, OR THE IMMINENT THREAT OF HOMELESSNESS TO OFFICIAL IDENTIFICATION DOCUMENTS, OTHER SPECIALIZED HEALTH AND SOCIAL SERVICE PROVIDERS, EMPLOYMENT AND PERMANENT 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 (2023)

Revenue Breakdown

Contributions & Grants $2,704,121

Program Service Revenue $200,345

Investment Income $90

Other Revenue $94,374

TOTAL REVENUE $2,998,930

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,117,124

Fundraising Expenses $169,130

Program Expenses $2,235,299

Other Expenses $1,471,778

TOTAL EXPENSES $2,588,902

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,998,930	$2,189,110	+0.4%
Expenses	$2,588,902	$2,085,593	+0.2%
Net Income	$410,028	$103,517	+3.0%

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

1600

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

$143,715

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CONI FREZZO	CO-CHAIR	2.00	Officer Director	$0	$0	$0
RICH ULLRICH	CO-CHAIR, TREASURER	2.00	Officer Director	$0	$0	$0
ALISON BRYANT	SECRETARY	2.00	Officer Director	$0	$0	$0
JAMY BARTON	CHAIR, COMMUNICATIONS COMMITTEE	1.00	Director	$0	$0	$0
JESSICA MILLS	CHAIR, DEVELOPMENT COMMITTEE	1.00	Director	$0	$0	$0
RICHARD BROWN	BOARD MEMBER	1.00	Director	$0	$0	$0
CHARLIE FLAX	BOARD MEMBER	1.00	Director	$0	$0	$0
BYRON PEYSTER	BOARD MEMBER	1.00	Director	$0	$0	$0
RONALD THOMAS	BOARD MEMBER	1.00	Director	$0	$0	$0
NICOLAS VOLPICELLI	BOARD MEMBER	1.00	Director	$0	$0	$0
SCOTT WALDMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
RICHARD UNIACKE	EXECUTIVE DIRECTOR	40.00	Officer	$143,715	$0	$143,715

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	$2,998,930	$2,588,902	$1,398,742	$410,028
2022	$2,189,110	$2,085,593	$1,074,801	$103,517
2021	$2,262,961	$2,320,075	$815,889	$-57,114
2020	$1,540,873	$1,410,036	$876,457	$130,837
2019	$967,950	$1,164,623	$664,065	$-196,673
2018	$1,284,041	$1,259,911	$820,887	$24,130