BRIDGES DEVELOPMENT INC (EIN 264085157) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2008

Legal Domicile

Principal Officer

GILLIAN BROWN

Phone

7168556711

Tax Period

2024-01-01 to 2024-12-31

BRIDGES DEVELOPMENT INC, founded in 2008, is a community nonprofit in the Housing & Shelter sector that reported $6.5M in total revenue in fiscal year 2024. Revenue surged 850% from the prior year, signaling strong growth momentum. The organization ran a surplus of $6.1M, a strong 94% operating margin.

Mission

TO ASSIST BUFFALO MUNICIPAL HOUSING AUTHORITY TO PROVIDE CLEAN, SAFE, AND AFFORDABLE HOUSING FOR THE CITY OF BUFFALO.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $6,000,000

Program Service Revenue $496,402

Investment Income $0

Other Revenue $33,519

TOTAL REVENUE $6,529,921

Expense Breakdown

Grants Paid $0

Salaries & Benefits $372,153

Fundraising Expenses $0

Program Expenses $8,449

Other Expenses $42,802

TOTAL EXPENSES $414,955

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,529,921	$687,377	+8.5%
Expenses	$414,955	$1,275,286	-0.7%
Net Income	$6,114,966	$-587,909	-11.4%

Key Indicators

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

🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$114,650

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID RODRIGUEZ	DIRECTOR	1.00	Director	$0	$0	$0
YVONNE MCCRAY	CHAIRWOMAN	1.00	Officer Director	$0	$0	$0
CHARLES PRESSLEY	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
DAVID STATE	DIRECTOR	1.00	Director	$0	$0	$0
DARREN SAXON	DIRECTOR	1.00	Director	$0	$0	$0
ROBIN EDWARDS	DIRECTOR	1.00	Director	$0	$0	$0
EMILY ROBINSON	DIRECTOR	1.00	Director	$0	$0	$0
NADINE MARRERO	PRESIDENT	40.00	Officer	$114,650	$0	$114,650

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
2024	$6,529,921	$414,955	$16,866,305	$6,114,966
2023	$687,377	$1,275,286	$9,913,416	$-587,909
2022	$149,872	$224,046	$10,281,258	$-74,174
2021	$325,643	$193,565	$10,356,851	$132,078
2020	$125,456	$148,140	$10,221,806	$-22,684
2019	$730,963	$175,267	$9,884,313	$555,696
2018	$148,889	$154,555	$10,158,138	$-5,666

BRIDGES DEVELOPMENT INC