BUILDING BRIDGES DEVELOPMENT CORPORATION

EIN: 474694291 501(c)(3) Arts, Culture & Humanities

WASHINGTON, DC

Total Revenue
$9,418,968
Total Expenses
$738,275
Total Assets
$25,977,572
Net Assets
$4,038,852
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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
2015
Legal Domicile
DC
Principal Officer
RAHSAAN BERNARD
Phone
2028895901
Tax Period
2023-01-01 to 2023-12-31

BUILDING BRIDGES DEVELOPMENT CORPORATION, founded in 2015, is a community nonprofit in the Arts, Culture & Humanities sector that reported $9.4M in total revenue in fiscal year 2023. Revenue surged 1784% from the prior year, signaling strong growth momentum. The organization ran a surplus of $8.7M, a strong 92% operating margin.

Mission

BUILDING BRIDGES DEVELOPMENT CORPORATION (BBDC) WAS ORGANIZED TO OPERATE EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES BY CONDUCTING OR SUPPORTING ACTIVITIES OF BUILDING BRIDGES ACROSS THE RIVER (BBAR), A SECTION 501(C)3 ORGANIZATION.

Program Service Accomplishments

Program 1
Expenses: $738,275

BUILDING BRIDGES DEVELOPMENT CORPORATION SERVICED THE NEW MARKET TAX CREDITS AND CONSTRUCTION LOANS. THEREFORE, HELPING TO SUPPORT THE ACTIVITIES OF BUILDING BRIDGES ACROSS THE RIVER.

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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 $9,418,938
Program Service Revenue $0
Investment Income $30
Other Revenue $0
TOTAL REVENUE $9,418,968

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $738,275
Other Expenses $738,275
TOTAL EXPENSES $738,275

Year-over-Year Comparison

2023 2022 Change
Revenue $9,418,968 $500,004 +17.8%
Expenses $738,275 $1,401,814 -0.5%
Net Income $8,680,693 $-901,810 -10.6%
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
2
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
$597,971
Total Directors
2
$39,448
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WILLIAM T SKIP MCMAHON CO-FOUNDER 2.00
Officer Director
$0 $0 $39,448
JEFFERY P CAPRON BOARD MEMBER 2.00
Officer Director
$0 $0 $0
SCOTT KRATZ DIRECTOR OF 11TH ST BRIDGE 1.00
Officer
$0 $19,380 $191,874
RAHSAAN BERNARD PRESIDENT AND CEO 1.00
Officer
$0 $45,100 $366,649
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 $9,418,968 $738,275 $25,977,572 $8,680,693
2022 $500,004 $1,401,814 $26,808,289 $-901,810
2021 $15,592 $1,401,685 $27,709,969 $-1,386,093
2020 $861,544 $1,401,676 $29,096,062 $-540,132
2019 $500,001 $1,937,785 $29,636,194 $-1,437,784
2018 $500,002 $1,237,980 $31,073,978 $-737,978
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