BRIDGE HOUSING CORPORATION (EIN 942827909) - 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

1982

Legal Domicile

Principal Officer

KENNETH LOMBARD

Phone

4159891111

Tax Period

2023-01-01 to 2023-12-31

BRIDGE HOUSING CORPORATION, founded in 1982, is a mid-sized nonprofit in the Housing & Shelter sector that reported $78.6M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $33.2M, a strong 42% operating margin.

Mission

MISSION: BRIDGE HOUSING CORPORATION (BRIDGE) STRENGTHENS COMMUNITIES BY DEVELOPING, OWNING AND MANAGING HIGH-QUALITY, AFFORDABLE HOMES FOR WORKING FAMILIES AND SENIORS.VISION:* BRIDGE STRENGTHENS COMMUNITIES AND CREATES OPPORTUNITIES FOR WORKING FAMILIES AND SENIORS, BEGINNING BUT NOT ENDING WITH HOUSING.* BRIDGE IS A LEADER AND INNOVATOR IN THE MISSION-DRIVEN BUSINESS OF EFFECTIVE PRODUCTION, OPERATION AND OWNERSHIP OF AFFORDABLE AND MIXED-INCOME HOUSING.* BRIDGE EARNS THE HIGHEST DEGREE OF CUSTOMER SATISFACTION FROM ALL STAKEHOLDERS, INCLUDING RESIDENTS, NEIGHBORS, INVESTORS, TAXPAYERS, PRIVATE- AND PUBLIC-SECTOR PARTNERS, AND EMPLOYEES.* BRIDGE IS THE GO-TO DEVELOPER AND OWNER FOR PUBLIC OFFICIALS, INVESTORS AND COMMUNITIES SEEKING AN ARRAY OF HOUSING SOLUTIONS, AND IT DELIVERS RESULTS.

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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 $46,249,492

Program Service Revenue $26,669,059

Investment Income $5,646,623

Other Revenue $30,236

TOTAL REVENUE $78,595,410

Expense Breakdown

Grants Paid $5,029,309

Salaries & Benefits $19,565,035

Fundraising Expenses $244,624

Program Expenses $39,473,794

Other Expenses $20,763,958

TOTAL EXPENSES $45,358,302

Year-over-Year Comparison

	2023	2022	Change
Revenue	$78,595,410	$69,068,304	+0.1%
Expenses	$45,358,302	$45,918,287	0.0%
Net Income	$33,237,108	$23,150,017	+0.4%

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

231

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

$4,494,541

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KENNETH LOMBARD	PRESIDENT/CEO	39.00	Officer	$1,007,909	$47,242	$1,055,151
DELPHINE SHERMAN	EVP/CFO	39.00	Officer	$417,504	$120,312	$537,816
ARUNA DODDAPANENI	SVP DEVELOPMENT (OUTGOING)	40.00	Highest	$474,486	$55,741	$530,227
JAMES MATHER	EVP/CIO	39.00	Officer	$405,393	$108,335	$513,728
REBECCA HLEBASKO	SVP GENERAL COUNSEL/SECRETARY	39.00	Officer	$408,787	$100,838	$509,625
SMITHA SESHADRI	EVP DEVELOPMENT	40.00	Officer	$417,409	$90,294	$507,703
BRAD WIBLIN	EVP BUSINESS DEVELOPMENT (OUTGOING)	40.00	Officer	$397,025	$97,083	$494,108
KURT CREAGER	EVP DEVELOPMENT	40.00	Officer	$374,930	$87,011	$461,941
SIERRA ATILANO	EVP DEVELOPMENT	39.00	Officer	$366,441	$48,028	$414,469
CHRISTIAN WIEDEL	VP BPMC (OUTGOING)	40.00	Highest	$297,688	$52,525	$350,213
SUSAN NEUFELD PAUL	SVP EVAL. & RESIDENT PROGRAMS DESIGN	40.00	Highest	$284,977	$58,961	$343,938
ERIK LUND	VP FINANCE & ACCOUNTING	40.00	Highest	$269,718	$68,977	$338,695
THOMAS HESSE	VP INFORMATION TECHNOLOGY	40.00	Highest	$256,293	$67,531	$323,824
KEN NOVACK	CHAIRMAN	1.80	Director	$0	$0	$0
CONNIE MOORE	VICE CHAIRMAN	1.80	Director	$0	$0	$0
DOUGLAS BIBBY	DIRECTOR	1.80	Director	$0	$0	$0
RAY CARLISLE	DIRECTOR	1.80	Director	$0	$0	$0
DARYL CARTER	DIRECTOR	1.80	Director	$0	$0	$0
ROBERT FREED	DIRECTOR	1.80	Director	$0	$0	$0
NANCY HEMMENWAY	DIRECTOR	1.80	Director	$0	$0	$0
KIRAN JAIN	DIRECTOR	1.80	Director	$0	$0	$0
MICHAEL MCAFEE	DIRECTOR (OUTGOING)	1.80	Director	$0	$0	$0
ED MCNAMARA	DIRECTOR	1.80	Director	$0	$0	$0
RON NAHAS	DIRECTOR	1.80	Director	$0	$0	$0
ADRIENNE QUINN	DIRECTOR	1.80	Director	$0	$0	$0
STEPHEN RICHARDSON	DIRECTOR	1.80	Director	$0	$0	$0
NADIA SAGER	DIRECTOR	1.80	Director	$0	$0	$0
PAUL STEIN	DIRECTOR	1.80	Director	$0	$0	$0
MOLLY TURNER	DIRECTOR	1.80	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
2024	No data	No data	No data	No data
2023	$78,595,410	$45,358,302	$244,952,012	$33,237,108
2022	$69,068,304	$45,918,287	$232,061,703	$23,150,017
2021	$38,426,338	$35,887,659	$222,728,888	$2,538,679
2020	$51,136,050	$39,216,544	$221,297,237	$11,919,506
2019	$47,869,857	$34,706,152	$122,399,357	$13,163,705
2018	$38,756,564	$33,255,160	$100,552,743	$5,501,404

BRIDGE HOUSING CORPORATION