BRIDGEWAY DEVELOPMENT CORPORATION (EIN 800842724) - Form 990 Financial Analysis & Trantor Score

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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

Principal Officer

THOMAS J BOGDEWIC

Phone

4122012450

Tax Period

2024-10-01 to 2025-09-30

BRIDGEWAY DEVELOPMENT CORPORATION, founded in 2015, is a community nonprofit in the Community Improvement sector that reported $1.1M in total revenue in fiscal year 2024. Revenue surged 45% from the prior year, signaling strong growth momentum. Expenses of $1.5M exceeded revenue, resulting in a 41% operating deficit.

Mission

TO OWN, OPERATE AND DEVELOP COMMERCIAL RENTAL REAL ESTATE FOR SMALL BUSINESSES, TO SUPPLY HEALTHY FOODS, TO PROVIDE LOW-INCOME HOUSING, TO SUPPORT NONPROFIT SERVICE PROVIDERS, TO CREATE JOBS, AND TO HELP REVITALIZE LOW-INCOME COMMUNITIES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,066,794

Investment Income $12,274

Other Revenue $0

TOTAL REVENUE $1,079,068

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,525,213

Other Expenses $1,525,213

TOTAL EXPENSES $1,525,213

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,079,068	$743,507	+0.5%
Expenses	$1,525,213	$1,258,248	+0.2%
Net Income	$-446,145	$-514,741	-0.1%

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

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

$693,854

Total Directors

$283,409

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS BOGDEWIC	PRESIDENT	1.00	Officer Director	$0	$52,264	$283,409
REGINALD OVERTON	DIRECTOR	0.10	Director	$0	$0	$0
RICARDO SAVIDO	DIRECTOR	0.10	Director	$0	$0	$0
SCOTT LANGILL	TREASURER	1.00	Officer	$0	$33,359	$225,347
JACOB SAULT	CFO	4.00	Officer	$0	$41,066	$185,098

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	$1,079,068	$1,525,213	$12,788,525	$-446,145
2024	$743,507	$1,258,248	$11,306,392	$-514,741
2023	$705,017	$1,284,498	$11,638,759	$-579,481
2022	$795,090	$1,587,765	$12,400,334	$-792,675
2021	$810,860	$1,187,671	$13,506,030	$-376,811
2020	$717,581	$1,098,030	$10,487,662	$-380,449
2019	$540,619	$1,077,748	$11,188,022	$-537,129
2018	$510,036	$935,760	$10,463,875	$-425,724

BRIDGEWAY DEVELOPMENT CORPORATION