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)

4 risk indicators measuring financial stability and operational resilience

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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.

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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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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
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
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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