BRIDGES COMMUNITY DEVELOPMENT CORP… - Form 990 Financial Data

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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

2016

Legal Domicile

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.

Program Service Accomplishments

Program 1

Expenses: $269,192 Revenue: $262,500

COMMUNITY OUTREACH PROGRAMS TO INCLUDE DISTRIBUTION OF FRESH PRODUCE AND DRY GOODS. 9,750 FAMILIES WERE SERVED THRU FOOD PANTRY. INCLUDING RESIDENTS OF 6 SENIOR CENTERS. APPROXIMATELY 75,000 POUNDS OF FOOD WAS DISTRIBUTED THROUGH THE PANTRY. BRIDGES EXPANDED ITS RELATIONSHIP WITH FIRST FRUITS FARM, INCREASING ACCESS TO FRESH VEGETABLES AND FRUITS.

Program 2

Expenses: $138,573 Revenue: $594,458

BELVEDERE PLACE COMMUNITY DEVELOPMENT

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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 $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

Governance

Voting Members

Independent Members

Employees

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

Total Directors

Key Employees

Highest Compensated

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

BRIDGES COMMUNITY DEVELOPMENT CORPORATION