BRIDGE HOUSING VENTURES INC

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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

1991

Legal Domicile

Principal Officer

KENNETH LOMBARD

Phone

4159891111

Tax Period

2024-01-01 to 2024-12-31

BRIDGE HOUSING VENTURES INC, founded in 1991, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2024. Expenses of $20.2M exceeded revenue, resulting in a 1348% operating deficit.

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.

Program Service Accomplishments

Program 1

Expenses: $20,179,487 Revenue: $1,022,999

THE ORGANIZATION IS THE GENERAL PARTNER OR LIMITED PARTNER OF SEVERAL PARTNERSHIPS THAT PROVIDE LOW-INCOME HOUSING.

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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 $2,682

Program Service Revenue $1,022,999

Investment Income $368,450

Other Revenue $0

TOTAL REVENUE $1,394,131

Expense Breakdown

Grants Paid $20,144,694

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $20,179,487

Other Expenses $36,833

TOTAL EXPENSES $20,181,527

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,394,131	$-2,173,663	-1.6%
Expenses	$20,181,527	$2,719,229	+6.4%
Net Income	$-18,787,396	$-4,892,892	+2.8%

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

N/A

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

$4,102,902

Total Directors

$3,167,805

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DELPHINE SHERMAN	EVP/CFO	1.00	Officer Director	$0	$120,262	$549,294
JAMES MATHER	VICE PRESIDENT	1.00	Officer Director	$0	$113,550	$501,031
KENNETH LOMBARD	PRESIDENT	1.00	Officer Director	$0	$45,067	$1,112,594
REBECCA HLEBASKO	VICE PRESIDENT/SECRETARY	1.00	Officer Director	$0	$93,649	$499,197
SIERRA ATILANO	VICE PRESIDENT	1.00	Officer Director	$0	$53,138	$505,689
KURT CREAGER	VICE PRESIDENT (OUTGOING)	1.00	Officer	$0	$6,076	$52,801
NATALIA WILLIAMS	VICE PRESIDENT	1.00	Officer	$0	$37,612	$384,562
SMITHA SESHADRI	VICE PRESIDENT	1.00	Officer	$0	$87,530	$497,734
BRAD WIBLIN	FORMER VICE PRESIDENT	0.00		$0	$0	$123,831

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	$1,394,131	$20,181,527	$24,086,040	$-18,787,396
2023	$-2,173,663	$2,719,229	$41,822,878	$-4,892,892
2022	$25,777,585	$3,377,500	$46,467,167	$22,400,085
2021	$5,688,052	$2,622,087	$24,929,270	$3,065,965
2020	$1,038,151	$1,291,228	$24,088,321	$-253,077
2019	$13,335,517	$1,811,382	$24,681,150	$11,524,135
2018	$1,636,830	$2,404,881	$23,783,174	$-768,051