BRIDGE ROCKFORD ALLIANCE

EIN: 450635592 501(c)(3) Community Improvement

ROCKFORD, IL

Total Revenue
$105,732
Total Expenses
$338,407
Total Assets
$1,906,439
Net Assets
$-98,210
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
IL
Principal Officer
JEFF DIBENEDETTO
Phone
8154898706
Tax Period
2023-10-01 to 2024-09-30

BRIDGE ROCKFORD ALLIANCE, founded in 2011, is a small nonprofit in the Community Improvement sector that reported $106K in total revenue in fiscal year 2023. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $338K exceeded revenue, resulting in a 220% operating deficit.

Mission

TO CREATE, OWN, DEVELOP, CONSTRUCT, SERVICE, AND/OR MANAGE AFFORDABLE HOUSING AND TO ALSO PROVIDE COMMUNITY & SOCIAL SERVICES TO THE RESIDENTS IN WINNEBAGO COUNTY, IL.

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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 $0
Program Service Revenue $105,732
Investment Income $0
Other Revenue $0
TOTAL REVENUE $105,732

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $330,803
Other Expenses $338,407
TOTAL EXPENSES $338,407

Year-over-Year Comparison

2023 2022 Change
Revenue $105,732 $137,433 -0.2%
Expenses $338,407 $253,536 +0.3%
Net Income $-232,675 $-116,103 +1.0%
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

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Governance

Voting Members
4
Independent Members
4
Employees
N/A
Volunteers
4

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
2
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JEFF DIBENEDETTO CHAIRMAN 0.30
Officer Director
$0 $0 $0
ANISHA GRIMMETT VICE CHAIR 0.30
Officer Director
$0 $0 $0
JAMIE SANCHEZ COMMISSIONER 0.30
Director
$0 $0 $0
SIMONE CAMERON COMMISSIONER 0.30
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 $105,732 $338,407 $1,906,439 $-232,675
2023 $137,433 $253,536 $2,055,256 $-116,103
2022 $152,140 $251,868 $2,221,450 $-99,728
2021 $304,092 $232,431 $2,283,573 $71,661
2020 $169,983 $155,534 $2,249,648 $14,449
2019 $114,515 $259,949 $2,272,201 $-145,434
2018 $143,577 $227,228 $2,417,851 $-83,651
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