BRIDGES TO HOUSING STABILITY INC

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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

1990

Legal Domicile

Principal Officer

JENNIFER BRODERICK

Phone

4103125760

Tax Period

2023-07-01 to 2024-06-30

BRIDGES TO HOUSING STABILITY INC, founded in 1990, is a community nonprofit in the Housing & Shelter sector that reported $3.7M in total revenue in fiscal year 2023. Expenses of $3.2M left a modest 14% surplus.

Mission

TO PROVIDE A PATH TO SELF-SUFFICIENCY TO PREVENT AND END HOMELESSNESS THROUGH AFFORDABLE HOUSING SOLUTIONS AND ADVOCACY IN HOWARD COUNTY, MARYLAND.

Program Service Accomplishments

Program 1

Expenses: $1,146,559

HOUSING STABILITY PROGRAM: THIS PROGRAM INCLUDES PERMANENT SUPPORTIVE HOUSING, RAPID REHOUSING, COORDINATED ENTRY SYSTEM (CES) CASE MANAGEMENT, AND EVICTION PREVENTION. THIS IS A HOUSING FIRST AND...

HOUSING STABILITY PROGRAM: THIS PROGRAM INCLUDES PERMANENT SUPPORTIVE HOUSING, RAPID REHOUSING, COORDINATED ENTRY SYSTEM (CES) CASE MANAGEMENT, AND EVICTION PREVENTION. THIS IS A HOUSING FIRST AND TRAUMA INFORMED PROGRAM FOR LOW-INCOME HOUSEHOLDS EXPERIENCING HOMELESSNESS OR AT IMMINENT RISK OF LOSING HOUSING. IN ADDITION TO REHOUSING AND PREVENTION SERVICES, CLIENTS ARE PROVIDED TENANT SUCCESS WORKSHOPS, BUDGETING ASSISTANCE, AND REFERRALS TO COMMUNITY RESOURCES INCLUDING FOOD, CLOTHING, FURNITURE, WORKFORCE DEVELOPMENT, CHILDCARE VOUCHERS ETC. FOLLOW-UP SUPPORT IS GIVEN TO ALL REHOUSED HOUSEHOLDS TO ENSURE LONG-TERM STABILITY. THE PROGRAM'S ACTIVITIES REHOUSED20 HOUSEHOLDS, 6 PREVENTED EVICTIONS, AND SERVED 300 INDIVIDUALS, 125 WERE CHILDREN.

Program 2

Expenses: $1,110,900 Revenue: $589,682

BRIDGES ALLIANCE PROGRAM: AFFORDABLE BELOW MARKET RENTAL HOUSING WITH A CIRCLE OF SUPPORT FOR LOW-INCOME WORKING HOUSEHOLDS; REDUCES HOUSEHOLD RENTAL BURDEN, PROVIDES FINANCIAL AND GOAL-ORIENTED...

BRIDGES ALLIANCE PROGRAM: AFFORDABLE BELOW MARKET RENTAL HOUSING WITH A CIRCLE OF SUPPORT FOR LOW-INCOME WORKING HOUSEHOLDS; REDUCES HOUSEHOLD RENTAL BURDEN, PROVIDES FINANCIAL AND GOAL-ORIENTED EDUCATION, AND HOUSING STABILITY GOAL PLANS. PROVIDED 53 SCATTERED SITES BELOW MARKET RENTAL HOMES FOR WORKING HOUSEHOLDS, WITH 159 INDIVIDUALS SERVED, INCLUDING 77 OF THEM CHILDREN.

Program 3

Expenses: $251,257

HOUSING CONNECTIONS PROGRAM: ENABLES PARTNERSHIPS BETWEEN LANDLORDS AND TENANTS THAT LOWER HOUSING BARRIERS FOR LOW-INCOME HOUSEHOLDS AND ENSURES SUCCESSFUL RENTALS. CASE MANAGEMENT AND BI-MONTHLY...

HOUSING CONNECTIONS PROGRAM: ENABLES PARTNERSHIPS BETWEEN LANDLORDS AND TENANTS THAT LOWER HOUSING BARRIERS FOR LOW-INCOME HOUSEHOLDS AND ENSURES SUCCESSFUL RENTALS. CASE MANAGEMENT AND BI-MONTHLY HOME-VISITS GIVE TENANTS EXTRA SUPPORT DURING THEIR LEASE TERM AND CREATES POSITIVE RELATIONSHIPS AND EXPERIENCES WITH LANDLORDS. 38 HOUSEHOLDS WERE REHOUSED, 9 EVICTIONS PREVENTED, AND 171 INDIVIDUALS SERVED, 107 WERE CHILDREN.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,961,095

Program Service Revenue $589,682

Investment Income $22,505

Other Revenue $126,006

TOTAL REVENUE $3,699,288

Expense Breakdown

Grants Paid $917,763

Salaries & Benefits $1,124,444

Fundraising Expenses $69,230

Program Expenses $2,508,716

Other Expenses $1,146,486

TOTAL EXPENSES $3,188,693

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,699,288	$3,750,890	0.0%
Expenses	$3,188,693	$3,103,175	+0.0%
Net Income	$510,595	$647,715	-0.2%

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

Governance

Voting Members

Independent Members

Employees

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

$109,211

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JENNIFER BRODERICK	EXECUTIVE DIRECTOR	40.00	Officer	$105,635	$3,576	$109,211
REID SPEARMAN	CHAIR	2.00	Officer Director	$0	$0	$0
PATRICK CURRAN	VICE CHAIR	2.00	Officer Director	$0	$0	$0
RUTH HOANG	TREASURER	2.00	Officer Director	$0	$0	$0
DONA OLDFIELD	SECRETARY	1.00	Officer Director	$0	$0	$0
ALICE GAIL POLLARD CLARK	DIRECTOR	0.50	Director	$0	$0	$0
WAQAS HUSSAIN	DIRECTOR	1.00	Director	$0	$0	$0
SARA JOHNSON	DIRECTOR	0.50	Director	$0	$0	$0
ROGERS LEWIS	DIRECTOR	0.50	Director	$0	$0	$0
TONIANN MENDELZON	DIRECTOR	0.50	Director	$0	$0	$0
KATHY O'DONOVAN	DIRECTOR	0.50	Director	$0	$0	$0
NATASHA RAMBURG	DIRECTOR	0.50	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
2025	No data	No data	No data	No data
2024	$3,699,288	$3,188,693	$9,185,997	$510,595
2023	$3,750,890	$3,103,175	$8,623,812	$647,715
2022	$5,512,925	$3,931,458	$7,020,333	$1,581,467
2021	$3,262,849	$2,708,240	$5,509,063	$554,609
2020	$2,710,889	$2,107,410	$4,776,790	$603,479
2019	$2,836,986	$2,027,601	$3,715,809	$809,385
2018	$2,429,280	$1,778,146	$2,795,730	$651,134