2025-11-03T14:52:27-08:00 2024-12-31 363794537 Timmer And Associates CPA PC 4480 - 48th Avenue Ct Suite 3 Rock Island IL 61201 990 2024-01-01 471937546 BRIDGE INVESTMENT COMMUNITY DEVELOPMENT BRID 3097946711 100 19TH STREET SUITE 109 ROCK ISLAND IL 61201 KEVIN SCHOONMAKER Chairman 2025-11-03 true true JOHN D TIMMER CPA P00118477 5633239407 2024 2025-03-06 01:10:19Z KEVIN SCHOONMAKER 100 19TH STREET SUITE 109 ROCK ISLAND IL 61201 13969584 false X WWW.BRIDGEINVESTMENTCDC.ORG X 2014 IL SUPPORT JOB CREATION AND ECONOMIC GROWTH BY PROVIDING COMMUNITY BASED LENDING AND INVESTMENT WHILE FOSTERING THE CREATION AND PRESERVATION OF LOW AND MODERATE INCOME HOUSING FOR LOW AND MODERATE INCOME HOUSEHOLDS. 14 13 0 13 0 838791 8160000 98727 202884 -2455500 -5753 -7791 931765 5899593 0 0 38087 0 0 207870 188784 207870 226871 723895 5672722 3443286 9944286 1045386 1873664 2397900 8070622 SUPPORT JOB CREATION AND ECONOMIC GROWTH BY PROVIDING COMMUNITY BASED LENDING AND INVESTMENT WHILE FOSTERING THE CREATION AND PRESERVATION OF LOW AND MODERATE INCOME HOUSING FOR LOW AND MODERATE INCOME HOUSEHOLDS. false false 177078 312884 PROMOTED THE PURPOSE OF THE ORGANIZATION TO RECRUIT MEMBERS WHO ARE COMMITTED TO THE ORGANIZATION'S MISSION AND ADMINISTERED LENDING ACTIVITIES INCLUDING ORIGINATING AND SERVICING LOANS 177078 true true false false false false false false false false true false false false true true true false false false false false false false false false false false false false false false false false false false false false true false false false false false false false false true 1 0 true 0 false false false false false false false 0 false false false false false false false X 14 13 false true false false false false false true true false false true true true true true true false false false IL CINDY BERG 3097946711 100 19TH STREET SUITE 109 ROCK ISLAND IL 61201 X KEVIN SCHOONMAKER Chairman 0.00 0.00 X X 0 0 0 DAN BLOCHER Vice President 0.00 0.00 X X 0 0 0 DIRK MEMINGER Secretary 0.00 0.00 X X 0 0 0 MATT WYNN Treasurer 0.00 0.00 X X 0 0 0 CHUCK SORENSEN Trustee 0.00 0.00 X 0 0 0 SAMEER KULKARNI Trustee 0.00 0.00 X 0 0 0 LIZ MURRAY TALLMAN Trustee 0.00 0.00 X 0 0 0 KAREN REYNOLDS Trustee 0.00 0.00 X 0 0 0 RIC PARADES Trustee 0.00 0.00 X 0 0 0 DR AHMED OKBA Trustee 0.00 0.00 X 0 0 0 EILEEN ROETHLER Trustee 0.00 0.00 X 0 0 0 JOHN DALY Trustee 0.00 0.00 X 0 0 0 JUSTIN PETERSON Trustee 0.00 0.00 X 0 0 0 BRIAN HOLLENBACK Executive Dir. 0.00 0.00 X X 0 0 0 0 false false false 0 8050000 75000 35000 8050000 8160000 INTEREST INCOME - CASH 403 403 INTEREST INCOME - LOANS 198626 198626 LOAN FEE REVENUE 3650 3650 MISC INCOME RETURNED CHECK CHARGES 205 205 202884 0 0 0 12200 19991 -7791 -7791 -7791 5594500 8050000 -2455500 -2455500 -2455500 0 0 0 0 5899593 -2260407 X 0 0 0 0 0 0 31309 31309 0 4560 4560 2218 2218 18365 9365 9000 0 0 0 0 0 28755 640 28115 5378 5378 1932 1932 0 0 10288 10288 4567 4567 0 0 50604 50604 0 0 4445 4445 PROVISION FOR OTHER LOSS 29895 29895 TELEPHONE/INTERNET 18157 18157 MEETINGS AND PROF DEVELOPMENT 13390 6125 7265 DUES AND SUBSCIRPTIONS 2040 2040 968 968 226871 177078 49793 0 367787 958868 0 0 55 3175 0 0 2851517 8874837 0 4169 156693 53507 108785 103186 0 0 0 0 115142 51 3443286 9944286 110439 38610 934447 1833994 500 1060 1045386 1873664 X 2063821 8070622 334079 2397900 8070622 3443286 9944286 5672722 X true X true X true false X 422000 227500 518413 838791 8160000 10166704 0 3525 7100 6850 7331 12200 37006 0 0 425525 234600 525263 846122 8172200 10203710 0 0 10203710 48381 101771 80550 55104 202884 488690 0 48381 101771 80550 55104 202884 488690 0 0 473906 336371 605813 901226 8375084 10692400 0.95430 0.86560 0.04570 0.13440 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 150000 46814 103186 6693 6693 103186 TENANT SECURITY DEPOSITS 1060 1060 X 5899593 5899593 5899593 226871 226871 226871 Part X : FIN48 Footnote THE ORGANIZATION HAS RECEIVED NOTIFICATION THAT IT QUALIFIES AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501 (C) (3) OF THE U.S. INTERNAL REVENUE CODE AND THE CORRESPONDING PROVISIONS OF ILLINOIS LAW AND, ACCORDINGLY, IS NOT SUBJECT TO FEDERAL OR STATE INCOME TAXES. AS OF DECEMBER 31, 2024, MANAGEMENT IS NOT AWARE OF ANY UNCERTAIN TAX POSITIONS AND RELATED TAX BENEFITS WHICH WOULD BE MATERIAL TO THE ORGANIZATION. BRIAN HOLLENBACK EXEC. DIRECTOR LOAN-SEE PART V false Schedule L, Part V Supplemental Information PART IV (1) - BRIAN HOLLENBACK IS THE PRESIDENT OF ROCK ISLAND ECONOMIC GROWTH CORPORATION. BRIDGE INVESTMENT COMMUNITY DEVELOPMENT COPORATION LOANED ROCK ISLAND ECONOMIC GROWTH COPRORATION A TOTAL OF $1,848,787. THESE LOANS WERE REVIEWED AND APPROVED BY BRIDGE INVESTMENT CDC'S LOAN COMMITTEE WHICH IS ENTIRELY INDEPENDENT OF ROCK ISLAND ECONOMIC GROWTH CORPORATION AND INCLUDE FEES AND/OR INTEREST RATES COMPARABLE TO OTHER LOANS. X 1 8050000 APPRAISED VALUE false false false Form 990, Part VI, Section B, Line 11b A PRELIMINARY DRAFT OF THE FORM 990 IS PROVIDED TO THE APPROPRIATE BOARD/COMMITTEE MEMBERS FOR APPROVAL BEFORE IT IS FINALIZED FOR SIGNATURE. Form 990, Part VI, Section C, Line 19 FILES ARE MAINTAINED IN THE ORGANIZATION'S OFFICE AND UPON REQUEST DESIGNATED PERSONS ARE NOTIFIED TO PROVIDE COPIES TO REQUESTOR. FORM 990, PART VI, LINE 12C - EXPLANATION OF MONITORING OF CONFLICTS THE BOARD ANNUALLY REVIEWS CONFLICT OF INTEREST STATEMENTS; ANY CHANGES ARE REQUIRED TO BE PROMPTLY DISCLOSED TO THE BOARD OF DIRECTORS. FORM 990, PART VI, LINE 3 - DESCRIPTION OF DELEGATED DUTIES TO MGMT CO BRIDGE INVESTMENT COMMUNITY DEVELOPMENT HAS DELEGATED DAY TO DAY MANAGEMENT OF THE ORGANIZATION TO ROCK ISLAND ECONOMIC GROWTH CORPORATION UNDER A WRITTEN MANAGEMENT SERVICES AGREEMENT. THE MANAGEMENT SERVICES AGREEMENT IS DATED JANUARY 2, 2022 AND RENEWS ANNUALLY UNTIL NOTICE IS GIVEN BY EITHER PARTY.