Bridgeport Neighborhood Trust Inc
Bridgeport Neighborhood Trust: Strong Asset Base, Fluctuating Revenue
EIN: 222809353 · Bridgeport, CT · NTEE: L120 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $6.0M |
| Total Expenses | $4.0M |
| Program Spending | 80% |
| Net Assets | $3.4M |
| Transparency Score | 75/100 |
Is Bridgeport Neighborhood Trust Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bridgeport Neighborhood Trust Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Bridgeport Neighborhood Trust Inc
Bridgeport Neighborhood Trust Inc (EIN: 222809353) is a nonprofit organization based in Bridgeport, CT, classified under NTEE code L120. The organization reported total revenue of $6.0M and total assets of $4.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bridgeport Neighborhood Trust Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bridgeport Neighborhood Trust Inc is a mid-size nonprofit that has been operating for 39 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.7M |
| Total Expenses | $4.0M |
| Surplus / Deficit | +$710K |
| Total Assets | $4.8M |
| Total Liabilities | $1.5M |
| Net Assets | $3.4M |
| Operating Margin | 15.2% |
| Debt-to-Asset Ratio | 30.4% |
| Months of Reserves | 14.7 months |
Financial Health Grade: A
In 2023, Bridgeport Neighborhood Trust Inc reported a surplus of $710K with revenue exceeding expenses, holds 14.7 months of operating reserves (strong position), has a debt-to-asset ratio of 30.4% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Bridgeport Neighborhood Trust Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -2.6% | -31.9% | -84.2% |
| 2022 | -20.0% | +11.6% | -5.8% |
| 2021 | +51.6% | +29.4% | +1.5% |
| 2020 | +38.2% | +3.5% | +14.2% |
| 2019 | -17.3% | -2.8% | +0.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1987 |
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 Bridgeport Neighborhood Trust Inc with a Mission Score of 75 out of 100 (Good). 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: 80%
- fundraising: 10%
According to IRS 990 filings, Bridgeport Neighborhood Trust Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% 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 surplus of $710K, with revenue exceeding expenses.
- Debt-to-asset ratio: 30.4%.
Executive Compensation Analysis
Executive compensation appears reasonable given the organization's size and mission, with no red flags identified in the available filings.
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.
Strengths
The following positive indicators were identified for Bridgeport Neighborhood Trust Inc:
- Consistently strong asset base, with total assets at $4,841,236 in 2023.
- Demonstrates a long operational history with publicly available financial data since at least 2016.
- Focus on community development in Bridgeport, CT, addressing local needs.
Frequently Asked Questions about Bridgeport Neighborhood Trust Inc
Is Bridgeport Neighborhood Trust Inc a legitimate charity?
Bridgeport Neighborhood Trust Inc (EIN: 222809353) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $6.0M. No red flags identified. 3 strengths noted. Financial health grade: A.
How does Bridgeport Neighborhood Trust Inc spend its money?
Bridgeport Neighborhood Trust Inc directs 80% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Bridgeport Neighborhood Trust Inc tax-deductible?
Bridgeport Neighborhood Trust Inc is registered as a tax-exempt nonprofit (EIN: 222809353). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Bridgeport Neighborhood Trust Inc's spending goes to programs?
Bridgeport Neighborhood Trust Inc directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Bridgeport Neighborhood Trust Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Bridgeport Neighborhood Trust Inc is above average for NTEE category L120 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Bridgeport Neighborhood Trust Inc located?
Bridgeport Neighborhood Trust Inc is headquartered in Bridgeport, Connecticut and files with the IRS under EIN 222809353. It is classified under NTEE code L120.
How many years of IRS 990 filings does Bridgeport Neighborhood Trust Inc have?
Bridgeport Neighborhood Trust Inc 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 $6.0M in total revenue.
What does Bridgeport Neighborhood Trust Inc do?
Bridgeport Neighborhood Trust Inc is a nonprofit organization in the Housing & Shelter sector, located in Bridgeport, Connecticut. It is classified under NTEE code L120.
How much revenue does Bridgeport Neighborhood Trust Inc have?
Bridgeport Neighborhood Trust Inc reported total revenue of $6,029,641. Based on 13 IRS 990 filings on record.
What are Bridgeport Neighborhood Trust Inc's total assets?
Bridgeport Neighborhood Trust Inc holds total assets of $4,841,236 as reported in IRS 990 filings.
Where is Bridgeport Neighborhood Trust Inc located?
Bridgeport Neighborhood Trust Inc is based in Bridgeport, Connecticut.
What is Bridgeport Neighborhood Trust Inc's EIN?
Bridgeport Neighborhood Trust Inc's Employer Identification Number (EIN) is 222809353. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Bridgeport Neighborhood Trust Inc?
Bridgeport Neighborhood Trust Inc is classified under NTEE code L120 (Housing & Shelter).
Is Bridgeport Neighborhood Trust Inc a registered 501(c)(3)?
Yes, Bridgeport Neighborhood Trust Inc is recognized as a tax-exempt organization by the IRS. EIN: 222809353.
Does Bridgeport Neighborhood Trust Inc file IRS Form 990?
Yes, Bridgeport Neighborhood Trust Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Bridgeport Neighborhood Trust Inc's revenue in 2023?
In the 202312 filing period, Bridgeport Neighborhood Trust Inc reported total revenue of $4,662,253, total expenses of $3,952,576, and net assets of $4,841,236.
Is Bridgeport Neighborhood Trust Inc's revenue growing or declining?
Bridgeport Neighborhood Trust Inc's revenue is relatively stable. Revenue went from $4,785,783 (202212) to $4,662,253 (202312), a -2.6% change. Based on 13 filings on record.
What is Bridgeport Neighborhood Trust Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Bridgeport Neighborhood Trust Inc covers tax period 202312. It shows revenue of $4,662,253, expenses of $3,952,576, total assets of $4,841,236, and liabilities of $1,470,829.
How much does Bridgeport Neighborhood Trust Inc spend on programs vs administration?
Based on IRS 990 analysis, Bridgeport Neighborhood Trust Inc allocates approximately 80% of expenses to program services, 10% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Bridgeport Neighborhood Trust Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Bridgeport Neighborhood Trust Inc appears trustworthy. Mission Score: 75/100 (Good). No red flags identified. 3 strengths noted.
What are Bridgeport Neighborhood Trust Inc's strengths?
Positive indicators for Bridgeport Neighborhood Trust Inc include: Consistently strong asset base, with total assets at $4,841,236 in 2023.. Demonstrates a long operational history with publicly available financial data since at least 2016.. Focus on community development in Bridgeport, CT, addressing local needs.. These findings are derived from AI analysis of the organization's financial filings.
How does Bridgeport Neighborhood Trust Inc compensate executives?
Executive compensation appears reasonable given the organization's size and mission, with no red flags identified in the available filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
What factors contributed to the significant decrease in total assets from $30,686,996 in 2022 to $4,841,236 in 2023?
The substantial decrease in total assets from 2022 to 2023 suggests a major financial event, such as the sale of significant property holdings or a reclassification of assets. Further investigation into the specific line items within the 2023 filing would be necessary to pinpoint the exact cause.
How does the organization manage its liabilities, which have consistently been a significant portion of its assets, such as $11,359,227 in liabilities against $30,686,996 in assets in 2022?
The consistent presence of substantial liabilities relative to assets indicates that the organization likely utilizes debt financing for its programs, potentially for real estate development or other large-scale projects. Understanding the nature and terms of these liabilities (e.g., mortgages, program-related investments) is crucial for a complete financial picture.
Filing History
IRS 990 filing history for Bridgeport Neighborhood Trust Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Bridgeport Neighborhood Trust Inc's revenue has grown by 92.3%, moving from $2.4M to $4.7M. Total assets decreased by 47.2% over the same period, from $9.2M to $4.8M. Total functional expenses rose by 146.1%, from $1.6M to $4.0M. In its most recent filing year (2023), Bridgeport Neighborhood Trust Inc reported a surplus of $710K, with revenue exceeding expenses. The organization holds $1.5M in liabilities against $4.8M in assets (debt-to-asset ratio: 30.4%), resulting in net assets of $3.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.7M | $4.0M | $4.8M | $1.5M | — | — |
| 2022 | $4.8M | $5.8M | $30.7M | $11.4M | — | View 990 |
| 2021 | $6.0M | $5.2M | $32.6M | $12.1M | — | View 990 |
| 2020 | $3.9M | $4.0M | $32.1M | $12.4M | — | View 990 |
| 2019 | $2.9M | $3.9M | $28.1M | $8.4M | — | View 990 |
| 2018 | $3.5M | $4.0M | $28.0M | $7.3M | — | View 990 |
| 2017 | $4.6M | $4.2M | $28.3M | $7.0M | — | View 990 |
| 2016 | $5.2M | $3.3M | $27.7M | $6.8M | — | View 990 |
| 2015 | $10.5M | $2.9M | $26.2M | $7.6M | — | View 990 |
| 2014 | $2.7M | $2.4M | $19.0M | $15.8M | — | View 990 |
| 2013 | $2.3M | $1.6M | $14.1M | $11.1M | — | View 990 |
| 2012 | $1.7M | $1.2M | $8.5M | $6.2M | — | View 990 |
| 2011 | $2.4M | $1.6M | $9.2M | $7.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.7M, expenses of $4.0M, and assets of $4.8M (revenue -2.6% year-over-year).
- 2022: Revenue of $4.8M, expenses of $5.8M, and assets of $30.7M (revenue -20.0% year-over-year).
- 2021: Revenue of $6.0M, expenses of $5.2M, and assets of $32.6M (revenue +51.6% year-over-year).
- 2020: Revenue of $3.9M, expenses of $4.0M, and assets of $32.1M (revenue +38.2% year-over-year).
- 2019: Revenue of $2.9M, expenses of $3.9M, and assets of $28.1M (revenue -17.3% year-over-year).
- 2018: Revenue of $3.5M, expenses of $4.0M, and assets of $28.0M (revenue -25.0% year-over-year).
- 2017: Revenue of $4.6M, expenses of $4.2M, and assets of $28.3M (revenue -11.0% year-over-year).
- 2016: Revenue of $5.2M, expenses of $3.3M, and assets of $27.7M (revenue -50.6% year-over-year).
- 2015: Revenue of $10.5M, expenses of $2.9M, and assets of $26.2M (revenue +293.6% year-over-year).
- 2014: Revenue of $2.7M, expenses of $2.4M, and assets of $19.0M (revenue +14.5% year-over-year).
- 2013: Revenue of $2.3M, expenses of $1.6M, and assets of $14.1M (revenue +34.7% year-over-year).
- 2012: Revenue of $1.7M, expenses of $1.2M, and assets of $8.5M (revenue -28.9% year-over-year).
- 2011: Revenue of $2.4M, expenses of $1.6M, and assets of $9.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bridgeport Neighborhood Trust Inc:
Data Sources and Methodology
This transparency report for Bridgeport Neighborhood Trust Inc 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.