BRIDGES COMMUNITY DEVELOPMENT CORPORATION

EIN: 814077069 501(c)(3) Youth Development

BALTIMORE, MD

Total Revenue
$856,959
Total Expenses
$423,812
Total Assets
$1,933,789
Net Assets
$1,772,885
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
MD
Principal Officer
DAVID GAINES
Tax Period
2024-01-01 to 2024-12-31

BRIDGES COMMUNITY DEVELOPMENT CORPORATION, founded in 2016, is a small nonprofit in the Youth Development sector that reported $857K in total revenue in fiscal year 2024. Revenue surged 50% from the prior year, signaling strong growth momentum. The organization ran a surplus of $433K, a strong 51% operating margin.

Mission

DISTRIBUTED BOXES OF FRESH PRODUCE AND DRY GOODS. FAMILIES WERE SERVED THRU FOOD PANTRY. ACQUIRED 4 VACANT PROPERTIES FOR RENOVATION.

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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 (2024)

Revenue Breakdown

Contributions & Grants $826,351
Program Service Revenue $0
Investment Income $30,608
Other Revenue $0
TOTAL REVENUE $856,959

Expense Breakdown

Grants Paid $0
Salaries & Benefits $23,657
Fundraising Expenses $0
Program Expenses $407,765
Other Expenses $400,155
TOTAL EXPENSES $423,812

Year-over-Year Comparison

2024 2023 Change
Revenue $856,959 $570,214 +0.5%
Expenses $423,812 $387,124 +0.1%
Net Income $433,147 $183,090 +1.4%
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
3
Independent Members
2
Employees
2
Volunteers
N/A

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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID GAINES CHAIR OF THE BOARD 1.00
Officer
$0 $0 $0
MICHAEL GAINES PRESIDENT 10.00
Officer
$0 $0 $0
WILLIAM BENSON TREASURER 5.00
Officer
$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 $856,959 $423,812 $1,933,789 $433,147
2023 $541,714 $349,624 $1,694,179 $192,090
2022 $1,688,702 $94,824 $2,101,088 $1,593,878
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