BRIDGEWOOD NON PROFIT HOUSING CORPORATION

EIN: 382147708 501(c)(3)

ESCANABA, MI

Total Revenue
$2,055,343
Total Expenses
$2,060,396
Total Assets
$1,534,941
Net Assets
$1,169,465
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1976
Legal Domicile
MI
Principal Officer
JONATHAN MEAD
Phone
9067864701
Tax Period
2023-10-01 to 2024-09-30

BRIDGEWOOD NON PROFIT HOUSING CORPORATION, founded in 1976, is a community nonprofit that reported $2.1M in total revenue in fiscal year 2023.

Mission

TO OPERATE A 15-BED AND A 6-BED GROUP HOME FOR EMOTIONALLY IMPAIRED ADULTS. ROOM, BOARD, AND 24-HOUR SUPERVISION IS PROVIDED, ALONG WITH TRAINING IN DAILY LIVING SKILLS AND ACCESS TO THE COMMUNITY. EVENTS AND DAILY OUTINGS IN COMMUNITY SETTINGS ARE PROVIDED TO RESIDENTS.

Program Service Accomplishments

Program 1
Expenses: $1,956,848 Revenue: $2,049,001

THE ORGANIZATION IS FUNDED THROUGH RESIDENT ROOM AND BOARD CHARGES, ALONG WITH SECTION 8 RENTAL SUBSIDIES, AND REIMBURSEMENTS FROM LOCAL MENTAL HEALTH FACILITIES FOR CARE OF INDIVIDUALS RESIDING AT...

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THE ORGANIZATION IS FUNDED THROUGH RESIDENT ROOM AND BOARD CHARGES, ALONG WITH SECTION 8 RENTAL SUBSIDIES, AND REIMBURSEMENTS FROM LOCAL MENTAL HEALTH FACILITIES FOR CARE OF INDIVIDUALS RESIDING AT THE GROUP HOMES. BRIDGEWOOD HOUSED 21 EMOTIONALLY IMPAIRED INDIVIDUALS THROUGHOUT THE YEAR, PROVIDING THEM WITH 24-HOUR CARE AND SUPERVISION. THESE RESIDENTS ALSO WERE PROVIDED WITH DAILY LIVING SKILLS AND PARTICIPATED IN GROUP OUTINGS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $843
Program Service Revenue $2,041,956
Investment Income $5,499
Other Revenue $7,045
TOTAL REVENUE $2,055,343

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,597,916
Fundraising Expenses $0
Program Expenses $1,956,848
Other Expenses $462,480
TOTAL EXPENSES $2,060,396

Year-over-Year Comparison

2023 2022 Change
Revenue $2,055,343 $1,922,758 +0.1%
Expenses $2,060,396 $1,905,510 +0.1%
Net Income $-5,053 $17,248 -1.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
1
Employees
N/A
Volunteers
1

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
4
$348,403
Total Directors
6
$383,933
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MELISSA SHEEDLO TREASURER 1.00
Officer Director
$0 $8,919 $105,388
TRACY LEKTZIAN SECRETARY 1.00
Officer Director
$0 $22,206 $71,789
KARI ROGERS BOARD MEMBER 1.00
Director
$0 $6,899 $71,013
STACY DITTRICH BOARD MEMBER 1.00
Director
$0 $4,881 $63,254
EMILY DESALVO BOARD MEMBER 1.00
Director
$0 $2,978 $72,489
DAN YOUNG VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
JONATHAN MEAD PRESIDENT 1.00
Officer
$0 $14,882 $171,226
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
2025 No data No data No data No data
2024 $2,055,343 $2,060,396 $1,534,941 $-5,053
2023 $1,922,758 $1,905,510 $1,524,436 $17,248
2022 $1,917,871 $1,764,601 $1,546,302 $153,270
2021 $1,997,607 $1,702,282 $1,409,145 $295,325
2020 $1,627,635 $1,648,850 $1,138,868 $-21,215
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