BRIDGE INVESTMENT COMMUNITY DEVELO… - Form 990 Financial Data

🔒

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

2014

Legal Domicile

Principal Officer

KEVIN SCHOONMAKER

Phone

3097946711

Tax Period

2023-01-01 to 2023-12-31

BRIDGE INVESTMENT COMMUNITY DEVELOPMENT, founded in 2014, is a small nonprofit in the Community Improvement sector that reported $932K in total revenue in fiscal year 2023. Revenue surged 58% from the prior year, signaling strong growth momentum. The organization ran a surplus of $724K, a strong 78% operating margin.

Mission

SUPPORT JOB CREATION AND ECONOMIC GROWTH BY PROVIDING COMMUNITY BASED LENDING AND INVESTMENT WHILE FOSTERING THE CREATION AND PRESERVATION OF LOW AND MODERATE INCOME HOUSING FOR LOW AND MODERATE INCOME HOUSEHOLDS.

Program Service Accomplishments

Program 1

Expenses: $160,920 Revenue: $97,303

PROMOTED THE PURPOSE OF THE ORGANIZATION TO RECRUIT MEMBERS WHO ARE COMMITTED TO THE ORGANIZATION'S MISSION AND ADMINISTERED LENDING ACTIVITIES INCLUDING ORIGINATING AND SERVICING LOANS.

🔒

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 (2023)

Revenue Breakdown

Contributions & Grants $838,791

Program Service Revenue $98,727

Investment Income $0

Other Revenue $-5,753

TOTAL REVENUE $931,765

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $160,920

Other Expenses $207,870

TOTAL EXPENSES $207,870

Year-over-Year Comparison

	2023	2022	Change
Revenue	$931,765	$590,634	+0.6%
Expenses	$207,870	$142,140	+0.5%
Net Income	$723,895	$448,494	+0.6%

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

N/A

Volunteers

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
SAMEER KULKARNI	Director	Director	$0	$0	$0
DAN BLOCHER	Director	Director	$0	$0	$0
BRIAN HOLLENBACK	Executive Dir.	Officer Director	$0	$0	$0
KAREN REYNOLDS	Director	Director	$0	$0	$0
MARCUS WYNN	Director	Director	$0	$0	$0
CHUCK SORENSEN	Director	Director	$0	$0	$0
JOHN DALY	Director	Director	$0	$0	$0
JUSTIN PETERSON	Director	Director	$0	$0	$0
MATT WYNN	Treasurer	Officer Director	$0	$0	$0
FRANK NOWINSKI	Director	Director	$0	$0	$0
DIRK MEMINGER	Secretary	Officer Director	$0	$0	$0
KEVIN SCHOONMAKER	Chairman	Officer Director	$0	$0	$0
RIC PARADES	Director	Director	$0	$0	$0
DR AHMED OKBA	Director	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	No data	No data	No data	No data
2023	$931,765	$207,870	$3,443,286	$723,895
2022	$590,634	$142,140	$3,078,238	$448,494
2021	$289,705	$124,352	$2,654,993	$165,353
2020	$636,620	$285,881	$2,334,604	$350,739
2019	$205,343	$107,314	$2,015,046	$98,029
2018	$272,571	$72,118	$2,058,543	$200,453

BRIDGE INVESTMENT COMMUNITY DEVELOPMENT