BRIDGING VIRGINIA INC

EIN: 852003331 501(c)(3) Community Improvement

RICHMOND, VA

Total Revenue
$1,509,364
Total Expenses
$1,305,116
Total Assets
$1,633,793
Net Assets
$887,328
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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
2020
Legal Domicile
VA
Principal Officer
HARRISON RODAY
Phone
8045016413
Tax Period
2024-01-01 to 2024-12-31

BRIDGING VIRGINIA INC, founded in 2020, is a community nonprofit in the Community Improvement sector that reported $1.5M in total revenue in fiscal year 2024. Revenue surged 71% from the prior year, signaling strong growth momentum. Expenses of $1.3M left a modest 14% surplus.

Mission

TO SUPPORT LARGELY MINORITY-OWNED SMALL BUSINESSES IN VIRGINIA BY PROVIDING ACCESS TO AFFORDABLE LOAN CAPITAL AND FINANCIAL SERVICES.

Program Service Accomplishments

Program 1
Expenses: $962,609

TO PROVIDE ACCESS TO AFFORDABLE LOAN CAPITAL AND FINANCIAL SERVICES.

Program 2
Expenses: $21,901

THE ECOSYSTEM PROGRAM SUPPORTS THE 1717 COLLECTIVE PROGRAM ACTIVITIES, PROGRAM STAFF FOR STRATEGY DEVELOPMENT AND IMPLEMENTATION, AND ENSURING ALIGNED, CONSISTENT COMMUNICATION AMONGST THE DIFFERENT...

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THE ECOSYSTEM PROGRAM SUPPORTS THE 1717 COLLECTIVE PROGRAM ACTIVITIES, PROGRAM STAFF FOR STRATEGY DEVELOPMENT AND IMPLEMENTATION, AND ENSURING ALIGNED, CONSISTENT COMMUNICATION AMONGST THE DIFFERENT STAKEHOLDERS.

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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 $1,395,474
Program Service Revenue $100,856
Investment Income $12,559
Other Revenue $475
TOTAL REVENUE $1,509,364

Expense Breakdown

Grants Paid $512,376
Salaries & Benefits $372,531
Fundraising Expenses $76,581
Program Expenses $984,510
Other Expenses $420,209
TOTAL EXPENSES $1,305,116

Year-over-Year Comparison

2024 2023 Change
Revenue $1,509,364 $884,884 +0.7%
Expenses $1,305,116 $596,386 +1.2%
Net Income $204,248 $288,498 -0.3%
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
8
Independent Members
7
Employees
6
Volunteers
10

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
$171,779
Total Directors
8
$171,779
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LEAH FREMOUW PRESIDENT/CE 40.00
Officer Director
$165,000 $6,779 $171,779
HARRISON RODAY CHAIRMAN 1.00
Officer Director
$0 $0 $0
MARLAND BUCKNER SECRETARY 1.00
Officer Director
$0 $0 $0
LEESA CHRISTIAN TREASURER 1.00
Officer Director
$0 $0 $0
DR CHRISTIE CADE DIRECTOR 1.00
Director
$0 $0 $0
CYNTHIA EPPES HUDSON DIRECTOR 1.00
Director
$0 $0 $0
MATTHEW W HO DIRECTOR 1.00
Director
$0 $0 $0
PHIL HATFIELD DIRECTOR 1.00
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 $1,509,364 $1,305,116 $1,633,793 $204,248
2023 $884,884 $596,386 $1,066,703 $288,498
2022 $631,808 $213,492 $763,558 $418,316
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