BRIDGE PROPERTY MANAGEMENT COMPANY (EIN 943063990) - 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

1988

Legal Domicile

Principal Officer

KENNETH LOMBARD

Phone

4159891111

Tax Period

2024-01-01 to 2024-12-31

BRIDGE PROPERTY MANAGEMENT COMPANY, founded in 1988, is a mid-sized nonprofit in the Housing & Shelter sector that reported $11.5M in total revenue in fiscal year 2024. Revenue fell 28% from the prior year — a significant decline worth monitoring.

Mission

MISSION: THIS ORGANIZATION SUPPORTS BRIDGE HOUSING CORPORATION (BRIDGE). 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $11,470,783

Investment Income $0

Other Revenue $40,809

TOTAL REVENUE $11,511,592

Expense Breakdown

Grants Paid $1,251,054

Salaries & Benefits $7,480,245

Fundraising Expenses $0

Program Expenses $10,397,646

Other Expenses $2,780,293

TOTAL EXPENSES $11,511,592

Year-over-Year Comparison

	2024	2023	Change
Revenue	$11,511,592	$15,879,734	-0.3%
Expenses	$11,511,592	$15,879,734	-0.3%
Net Income	$0	$0	N/A

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

N/A

Employees

527

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

$2,924,809

Total Directors

$2,666,775

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KENNETH LOMBARD	PRESIDENT	1.00	Officer Director	$0	$45,067	$1,112,594
DELPHINE SHERMAN	EVP/CFO	1.00	Officer Director	$0	$120,262	$549,294
REBECCA HLEBASKO	VICE PRESIDENT/SECRETARY	1.00	Officer Director	$0	$93,649	$499,198
SIERRA ATILANO	VICE PRESIDENT	1.00	Officer Director	$0	$53,138	$505,689
MELISSA MARTIN	VICE PRESIDENT (INCOMING)	1.00	Officer	$0	$25,105	$258,034

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	$11,511,592	$11,511,592	$1,556,258	No data
2023	$15,879,734	$15,879,734	$1,299,652	No data
2022	$8,655,044	$8,639,511	$1,365,348	$15,533
2021	$9,360,308	$9,360,308	$1,233,636	No data
2020	$9,506,655	$9,506,655	$781,015	No data
2019	$6,923,563	$6,923,563	$326,718	No data
2018	$6,714,601	$6,901,488	$320,895	$-186,887

BRIDGE PROPERTY MANAGEMENT COMPANY