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Bridge Street Development Corporation

Bridge Street Development Corporation

Brooklyn, NY 11216
Tax ID11-3250772

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About this organization

Revenue

$1,960,605

Expenses

$1,402,597

Mission

Bridge Street Development Corporation's mission is threefold: (1) developing and upgrading housing in low and moderate income families in the Bedford-Stuyvesant area; (2) encouraging the formation of businesses in, and recruiting prospective and existing businesses to, Bedfor-Stuyvesant; and (3) developing management and administrative capacity that will allow for the centralized provision of such services to the several corporations affiliated with Bridge Street African Wesleyan Methodist Episcopal Church.

About

Economic development program has four objectives: a) to provide technical and planning assistance to small business start-ups b) develop commercial space for business c) implement neighborhood retail initiatives to attract and retain businesses and jobs d) offer empowering financial literacy programs and business planning courses, as well as first-time homebuyer workshops.

Interesting data from their 2020 990 filing

The purpose of the non-profit is listed in the filing as “Bridge street development corporation's mission is threefold: (1) developing and upgrading housing in low and moderate income families in the bedford-stuyvesant area; (2) encouraging the formation of businesses in, and recruiting prospective and existing businesses to, bedfor-stuyvesant; and (3) developing management and administrative capacity that will allow for the centralized provision of such services to the several corporations affiliated with bridge street african wesleyan methodist episcopal church.”.

When discussing its operations, they were characterized as: “Bridge street development corporation's mission is threefold: (1) developing and upgrading housing in low and moderate income families in the bedford-stuyvesant area; (2) encouraging the formation of businesses in, and recruiting prospective and existing businesses to, bedfor-stuyvesant; and (3) developing management and administrative capacity that will allow for the centralized provision of such services to the several corporations affiliated with bridge street african wesleyan methodist episcopal church.”.

  • The non-profit's legally reported state of operation is NY.
  • The filing states that the non-profit's address in the year 2020 is 460 NOSTRAND AVENUE, BROOKLYN, NY, 11216.
  • The form submitted by the non-profit for 2020 shows a total of 16 employees.
  • Does not operate a hospital.
  • Does not operate a school.
  • Does not collect art.
  • Does not provide credit counseling.
  • Does not have foreign activities.
  • Is not a donor advised fund.
  • Is not a private foundation.
  • Expenses are greater than $1,000,000.
  • Revenue is greater than $1,000,000.
  • Revenue less expenses is $558,008.
  • The CEO's remuneration policy within the organization is not determined through a review and approval process by a neutral source.
  • The organization has a written policy that describes how long it will retain documents.
  • The organization has 13 independent voting members.
  • The organization was formed in 1995.
  • The organization has a written policy that addresses conflicts of interest.
  • The organization is required to file Schedule B.
  • The organization is required to file Schedule J.
  • The organization is required to file Schedule O.
  • The organization pays $981,928 in salary, compensation, and benefits to its employees.
  • The organization pays $72,236 in fundraising expenses.
  • The organization provides Form 990 to its governing body.
  • The organization has minutes of its meetings.
  • The organization has a written whistleblower policy.
  • The organization's financial statements were reviewed by an accountant.

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