Bridge Street Development Corporation
Bridge Street Development Corporation shows consistent growth and strong asset base with no reported officer compensation.
EIN: 113250772 · Brooklyn, NY · NTEE: S20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.3M |
| Total Expenses | $4.6M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $4.5 |
| Net Assets | $1.8M |
| Transparency Score | 88/100 |
Is Bridge Street Development Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bridge Street Development Corporation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Bridge Street Development Corporation
Bridge Street Development Corporation (EIN: 113250772) is a nonprofit organization based in Brooklyn, NY, classified under NTEE code S20. The organization reported total revenue of $3.3M and total assets of $2.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bridge Street Development Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bridge Street Development Corporation is a mid-size nonprofit that has been operating for 30 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 12.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.5M |
| Total Expenses | $4.6M |
| Surplus / Deficit | $-70,068 |
| Total Assets | $2.8M |
| Total Liabilities | $990K |
| Net Assets | $1.8M |
| Operating Margin | -1.5% |
| Debt-to-Asset Ratio | 35.8% |
| Months of Reserves | 7.2 months |
Financial Health Grade: B
In 2023, Bridge Street Development Corporation reported a deficit of $70K with expenses exceeding revenue, holds 7.2 months of operating reserves (strong position), has a debt-to-asset ratio of 35.8% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Bridge Street Development Corporation's revenue has grown at a compound annual growth rate (CAGR) of 12.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +64.0% | +74.6% | +25.0% |
| 2022 | +53.2% | +26.9% | +23.1% |
| 2021 | +27.2% | +42.0% | -14.9% |
| 2020 | -8.9% | -5.5% | -1.5% |
| 2019 | -20.6% | +10.4% | -2.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1996 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Bridge Street Development Corporation with a Mission Score of 88 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Bridge Street Development Corporation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $70K, with expenses exceeding revenue.
- Debt-to-asset ratio: 35.8%.
Executive Compensation Analysis
Bridge Street Development Corporation consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization of its size with revenues exceeding $4.5 million. This suggests either a fully volunteer leadership structure or that executive compensation is categorized differently within their financial statements, warranting further investigation for complete transparency.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Bridge Street Development Corporation's IRS 990 filings:
- Consistent 0% officer compensation for an organization of this size, which may obscure actual executive compensation if it's reported elsewhere.
- Expenses exceeded revenue in 2023 ($4,602,910 vs $4,532,842), leading to a minor deficit.
- Significant increase in liabilities from $364,100 in 2022 to $990,374 in 2023, requiring further scrutiny.
Strengths
The following positive indicators were identified for Bridge Street Development Corporation:
- Strong and consistent revenue growth, from $1,459,178 in 2014 to $4,532,842 in 2023.
- Healthy asset base ($2,763,053 in 2023) significantly exceeding liabilities ($990,374 in 2023), indicating financial stability.
- Positive asset growth over the past decade, demonstrating increasing capacity.
- Mission alignment with NTEE code S20 (Community Development) and consistent operational activity.
Frequently Asked Questions about Bridge Street Development Corporation
Is Bridge Street Development Corporation a legitimate charity?
Bridge Street Development Corporation (EIN: 113250772) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 88/100. It has 13 years of IRS 990 filings on record. Total revenue: $3.3M. 3 red flags identified. 4 strengths noted. Financial health grade: B.
How does Bridge Street Development Corporation spend its money?
Bridge Street Development Corporation directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Bridge Street Development Corporation tax-deductible?
Bridge Street Development Corporation is registered as a tax-exempt nonprofit (EIN: 113250772). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Bridge Street Development Corporation CEO make?
Bridge Street Development Corporation's highest-compensated officer earns $4.5 annually. The organization reported $3.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Bridge Street Development Corporation's spending goes to programs?
Bridge Street Development Corporation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Bridge Street Development Corporation compare to similar nonprofits?
With a transparency score of 88/100 (Excellent), Bridge Street Development Corporation is above average for NTEE category S20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Bridge Street Development Corporation located?
Bridge Street Development Corporation is headquartered in Brooklyn, New York and files with the IRS under EIN 113250772. It is classified under NTEE code S20.
How many years of IRS 990 filings does Bridge Street Development Corporation have?
Bridge Street Development Corporation has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $3.3M in total revenue.
How is executive leadership compensated if officer compensation is consistently reported as 0%?
The IRS 990 filings for Bridge Street Development Corporation consistently show 0% officer compensation. This is highly unusual for an organization with revenues reaching over $4.5 million. It suggests either a fully volunteer leadership model or that executive compensation is reported under different expense categories, which would require reviewing the full 990 forms for a more detailed breakdown of salaries and other compensation.
What is the specific breakdown of program service expenses?
While the overall spending appears program-focused, the provided data does not offer a granular breakdown of specific program service expenses. A deeper dive into the full IRS 990 forms would be necessary to understand the various programs and their associated costs.
What caused the significant increase in liabilities in 2023 to $990,374?
Liabilities increased substantially from $364,100 in 2022 to $990,374 in 2023. This significant jump warrants further investigation to understand its nature, such as new loans, deferred revenue, or other obligations, and its potential impact on the organization's long-term financial flexibility.
Filing History
IRS 990 filing history for Bridge Street Development Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Bridge Street Development Corporation's revenue has grown by 301.6%, moving from $1.1M to $4.5M. Total assets increased by 102.7% over the same period, from $1.4M to $2.8M. Total functional expenses rose by 284.2%, from $1.2M to $4.6M. In its most recent filing year (2023), Bridge Street Development Corporation reported a deficit of $70K, with expenses exceeding revenue. The organization holds $990K in liabilities against $2.8M in assets (debt-to-asset ratio: 35.8%), resulting in net assets of $1.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.5M | $4.6M | $2.8M | $990K | — | — |
| 2022 | $2.8M | $2.6M | $2.2M | $364K | — | View 990 |
| 2021 | $1.8M | $2.1M | $1.8M | $69K | — | View 990 |
| 2020 | $1.4M | $1.5M | $2.1M | $117K | — | View 990 |
| 2019 | $1.6M | $1.5M | $2.1M | $101K | — | View 990 |
| 2018 | $2.0M | $1.4M | $2.2M | $172K | — | View 990 |
| 2017 | $1.5M | $1.4M | $1.5M | $50K | — | — |
| 2016 | $1.4M | $1.4M | $1.4M | $81K | — | View 990 |
| 2015 | $1.6M | $1.6M | $1.3M | $21K | — | View 990 |
| 2014 | $1.5M | $1.5M | $1.3M | $17K | — | View 990 |
| 2013 | $1.5M | $1.4M | $1.3M | $19K | — | View 990 |
| 2012 | $1.3M | $1.3M | $1.3M | $37K | — | View 990 |
| 2011 | $1.1M | $1.2M | $1.4M | $188K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.5M, expenses of $4.6M, and assets of $2.8M (revenue +64.0% year-over-year).
- 2022: Revenue of $2.8M, expenses of $2.6M, and assets of $2.2M (revenue +53.2% year-over-year).
- 2021: Revenue of $1.8M, expenses of $2.1M, and assets of $1.8M (revenue +27.2% year-over-year).
- 2020: Revenue of $1.4M, expenses of $1.5M, and assets of $2.1M (revenue -8.9% year-over-year).
- 2019: Revenue of $1.6M, expenses of $1.5M, and assets of $2.1M (revenue -20.6% year-over-year).
- 2018: Revenue of $2.0M, expenses of $1.4M, and assets of $2.2M (revenue +27.4% year-over-year).
- 2017: Revenue of $1.5M, expenses of $1.4M, and assets of $1.5M (revenue +11.3% year-over-year).
- 2016: Revenue of $1.4M, expenses of $1.4M, and assets of $1.4M (revenue -15.6% year-over-year).
- 2015: Revenue of $1.6M, expenses of $1.6M, and assets of $1.3M (revenue +12.4% year-over-year).
- 2014: Revenue of $1.5M, expenses of $1.5M, and assets of $1.3M (revenue -2.9% year-over-year).
- 2013: Revenue of $1.5M, expenses of $1.4M, and assets of $1.3M (revenue +12.5% year-over-year).
- 2012: Revenue of $1.3M, expenses of $1.3M, and assets of $1.3M (revenue +18.3% year-over-year).
- 2011: Revenue of $1.1M, expenses of $1.2M, and assets of $1.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bridge Street Development Corporation:
Data Sources and Methodology
This transparency report for Bridge Street Development Corporation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.