2025-01-13T09:22:49-06:00 2023-12-31 474526160 EFPR GROUP CPAS PLLC 6390 MAIN STREET SUITE 200 WILLIAMSVILLE NY 14221 990 2023-01-01 113250772 BRIDGE STREET DEVELOPMENT CORPORATION BRID 7183990146 460 NOSTRAND AVENUE BROOKLYN NY 11216 GREGORY ANDERSON PRESIDENT AND CEO 7183990146 2025-01-13 1 0 DAVID A URBAN CPA P00630018 7166340700 2025-01-13 2023 2024-10-15 13:58:12Z X GREGORY ANDERSON 460 NOSTRAND AVENUE BROOKLYN NY 11216 4551384 0 X WWW.BSDCORP.ORG X 1995 NY BRIDGE STREET DEVELOPMENT CORPORATION'S MISSION IS THREEFOLD: (1)DEVELOPING AND UPGRADING HOUSING IN LOW AND MODERATE INCOME FAMILIES IN THE BEDFORDSTUYVESANT AREA; (2) ENCOURAGING THE FORMATION OF BUSINESSES IN, AND RECRUITING PROSPECTIVE AND EXISTING BUSINESSES TO, BEDFORSTUYVESANT; 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. 6 6 101 0 0 0 2445023 3708457 314470 823366 712 -3227 3531 676 2763736 4529272 0 71085 0 0 1764075 3584533 0 0 149540 872905 947293 2636980 4602911 126756 -73639 2210051 2932460 364100 1159781 1845951 1772679 X 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, BEDFORD-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. 0 0 1117568 36922 COMMUNITY ENGAGEMENT AND YOUTH WORKFORCE-BSDC'S COMMUNITY ENGAGEMENT AND YOUTH WORKFORCE PROGRAMS BUILDS AND SUSTAINS VIBRANT AND EQUITABLE NEIGHBORHOODS WITHIN CENTRAL BROOKLYN, BY BRINGING TOGETHER THE TALENTS, RESOURCES, AND SKILLS OF ITS RESIDENTS. THIS IS ACCOMPLISHED BY THE FOLLOWING: (1) PROVIDING SUPPORT SERVICES AND EDUCATIONAL WORKSHOPS TO LMI TENANTS; (2) YOUTH AND YOUNG ADULT INTERNSHIP AND CERTIFICATE TRAINING PROGRAMS SUCH AS OVER 1,100 SYEP INTERNSHIPS FOR 14-24 YEAR OLDS, YEAR ROUND WPP INTERNSHIPS AND MOTIVATED YOUTH BUILDING ALL SELFEMPOWERMENT (MYBASE) CIVIC ENGAGEMENT AND LEADERSHIP DEVELOPMENT PROGRAMS; AND, (3) ORGANIZING AND CONVENING BLOCK AND TENANT ASSOCIATIONS ON A MONTHLY BASIS. 833917 14813 823366 BSDC'S ECONOMIC DEVELOPMENT PROGRAM HAS FOUR OBJECTIVES: A) TO PROVIDE TECHNICAL AND PLANNING ASSISTANCE TO SMALL BUSINESS STARTUPS 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. 1519592 19350 RESTORATIVE JUSTICE-BSDC'S RESTORATIVE JUSTICE PROGRAM, PROJECT RESTORE BEDSTUY (PRB), IS AN IMMERSIVE, YEARLONG, INITIATIVE DESIGNED TO ASSIST YOUNG MEN IN NEED OF SUPPORT DUE TO THEIR INVOLVEMENT IN STREET FORMATIONS. THE PROJECT IS A COLLABORATION BETWEEN MANY COMMUNITY AND CITY STAKEHOLDERS. PRB PROVIDES ITS PARTICIPANTS WITH MENTORSHIP, WRAPAROUND SUPPORT, AND THE RESOURCES TO HELP THEM REGAIN CONTROL OF THEIR LIVES. CORE COMPONENTS INCLUDE ACCESS TO SOCIAL RESOURCES AND SERVICES, PAID INTERNSHIP EMPLOYMENT, TARGETED EDUCATION, AND IMPORTANT LIFE SKILLS. ADDITIONALLY, THROUGH RESTORATIVE JUSTICE AND TRAUMAINFORMED PROGRAMMING, IT ALLOWS PARTICIPANTS TO TAKE RESPONSIBILITY FOR ANY HARM CAUSED, WHILE ALSO HEALING FROM ANY HARM THEY MAY HAVE EXPERIENCED THEMSELVES. 226149 BSDC'S SENIOR SERVICES PROVIDES QUALITY HOUSING AT BELOW MARKET RENT FOR SENIORS,AND VARIOUS SUPPORT SERVICES ON SITE, SUCH AS MEAL ON WHEELS, WORKSHOPS,HOME HEALTH AIDES, MEDICARE ASSISTANCE AND OTHER EXTRACURRICULARACTIVITIES. 431409 HOUSING DEVELOPMENT 657558 4128635 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 101 1 0 0 0 0 0 0 0 0 0 0 X 6 6 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 NY X DONALD MOORE 7183990146 460 NOSTRAND AVENUE BROOKLYN NY 11216 EDWARD ODOM JR CHAIRMAN 1.00 0.00 X X 0 0 0 PHYLLIS WHITE-THORNE VICE CHAIR 1.00 0.00 X X 0 0 0 ABITZEL ROBITSON-HOBSON TREASURER 1.00 0.00 X X 0 0 0 VALERIE KENDERICK-COUSIN SECRETARY 1.00 0.00 X X 0 0 0 DREXEL HARRIS MEMBER 1.00 0.00 X 0 0 0 NILES DANTE STEWART MEMBER 1.00 0.00 X 0 0 0 GREGORY ANDERSON PRESIDENT AND CEO 40.00 0.00 X 201108 0 23731 201108 0 23731 1 0 1 0 0 60000 3098342 550115 3708457 DEVELOPER & MANAGEMENT 541610 552346 552346 DEVELOPMENT ASSISTANCE 531390 271020 271020 823366 344 344 18541 22112 -3571 -3571 -3571 MISCELLANEOUS 900001 676 676 676 4529272 823366 0 -2551 71085 71085 201108 185832 7853 7423 2856548 2639565 111551 105432 301870 281111 11281 9478 225007 206460 11806 6741 198944 144327 52083 2534 7203 3650 3366 187 28633 22275 6313 45 139732 114891 18649 6192 7522 1765 5573 184 72580 59221 11561 1798 5674 5674 34864 23547 8459 2858 PROGRAM EXPENSES 276976 272600 4376 EQUIPMENT LEASE 52831 40995 7259 4577 REPAIRS AND MAINTENANCE 47018 36171 8756 2091 MISCELLANEOUS 22992 283 22709 52324 24857 27467 4602911 4128635 324736 149540 65063 190804 994642 1443534 120 252552 238982 14001 13570 23281 1536 1113064 1282896 2210051 2932460 21206 12155 89590 317881 700000 253304 129745 364100 1159781 X 1802251 1724403 43700 48276 1845951 1772679 2210051 2932460 -73639 367 0 X X 0 1 X 1 0 X 629667 1174057 1796876 2445023 3708457 9754080 629667 1174057 1796876 2445023 3708457 9754080 9754080 771 719 619 712 344 3165 3854 3242 1516 2531 676 11819 9769064 1142114 0.99850 0.99710 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 90860 90860 0 161692 148122 13570 13570 PREDEVELOPMENT & OTHER FEE RECEIVABLES 15000 OPERATING LEASE RIGHT OF USE 121629 SECURITY DEPOSITS 3962 DEPOSITS 10602 DUE FROM AFFILIATES 1131703 1282896 RIGHT OF USE OPERATING LEASE 125783 TENANT SECURITY DEPOSIT 3962 129745 X 4529639 367 367 4529272 0 4529272 4602911 0 4602911 0 4602911 PART X, LINE 2: BRIDGE STREET DEVELOPMENT. (THE CORPORATION) IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE CODE), THEREFORE, NO PROVISION FOR INCOME TAXES IS REFLECTED IN THE FINANCIAL STATEMENTS. THE CORPORATION HAS BEEN CLASSIFIED AS A PUBLICLY SUPPORTED ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A) OF THE CODE. THE CORPORATION PRESENTLY DISCLOSES OR RECOGNIZES INCOME TAX POSITIONS BASED ON MANAGEMENT'S ESTIMATE OF WHETHER IT IS REASONABLY POSSIBLE OR PROBABLE THAT A LIABILITY HAS BEEN INCURRED FOR UNRECOGNIZED INCOME TAXES. MANAGEMENT HAS CONCLUDED THAT THE CORPORATION HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT IN ITS FINANCIAL STATEMENTS. U.S. FORMS 990 FILED BY THE CORPORATION ARE SUBJECT TO EXAMINATION BY TAXING AUTHORITIES. 0 STIPENDS 66 71085 FMV SUPPORT 0 0 0 0 0 0 0 0 0 GREGORY ANDERSON PRESIDENT AND CEO 201108 0 0 0 0 0 0 0 23731 0 224839 0 0 0 AMENDED FORM 990, PAGE 1: THE ORIGINAL RETURN WAS PREPARED AND FILED USING UNAUDITED FINANCIAL INFORMATION. THIS RETURN IS BEING AMENDED TO REFLECT THE INFORMATION AS REPORTED ON THE AUDITED FINANCIAL STATEMENTS. CHANGES TO FORM 990 ARE AS FOLLOWS: AS ORIGINALLY FILED: AS AMENDED: PART I, LINE 8: $3,708,456 $3,708,457 CONTRIBUTION PART I, LINE 9: 823,365 823,366 PROGRAM PART 1, LINE 10: 344 (3,227) INVESTMENT PART I, LINE 11: 677 676 OTHER PART I, LINE 12: $4,532,842 $4,529,272 TOTAL REVENUE PART I, LINE 13: 71,085 71,085 GRANTS PAID PART I, LINE 15: 3,584,534 3,584,533 COMPENSATION PART I, LINE 17: 947,291 947,293 OTHER EXPENSES PART I, LINE 18: 4,602,910 716,846 TOTAL EXPENSES PART I, LINE 19: ($70,068) ($73,639) REV LESS EXP PART I, LINE 20: 2,763,053 2,932,460 TOTAL ASSETS PART I, LINE 21: 990,374 1,159,781 TOTAL LIAB. PART I, LINE 22: 1,772,679 1,772,679 NET ASSETS CHANGES TO BALANCE SHEET, REVENUE AND EXPENSES ARE REFLECTED THROUGHOUT THE AMENDED RETURNS AND SUPPLEMENTAL SCHEDULES. 990, PAGE 7, PART VII, SECTION A: ADDED OFFICER BENEFITS SCHEDULE B: REVISED GRANT AMOUNTS AND GRANTOR INFORMATION FORM 990, PART VI, SECTION B, LINE 11B THE PRESIDENT AND FINANCE DIRECTOR REVIEW THE ANNUAL FILINGS FOR COMPLETENESS AND ACCURACY. THE FINANCE DIRECTOR PRESENTS THEM TO THE FINANCE COMMITTEE FOR APPROVAL. THE FINANCE COMMITTEE THEN PRESENTS THEM TO THE BOARD FOR FINAL APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C ACKNOWLEDGEMENT OF POLICY; DISCLOSURE: EACH PERSON TO WHOM THIS POLICY APPLIES SHALL BE REQUIRED TO ACKNOWLEDGE IN WRITING ON THE FORM ATTACHED TO THIS POLICY THAT HE OR SHE HAS REVIEWED THIS POLICY AGREES TO ABIDE BY ITS REQUIREMENTS AND SHALL COMPLETE AND SUBMIT TO THE CORPORATION ANNUALLY THE DISCLOSURE WHICH IS REQUIRED BY THE ATTACHED ACKNOWLEDGMENT. ANY VIOLATION OF THIS POLICY SHALL BE REPORTED TO THE CHAIR OF THE BOARD (OR TO THE BOARD, IF THE CHAIR IS THE SUBJECT OF THE REPORT) AND TO CONFER WITH THE CHAIR (OR THE BOARD, AS APPLICABLE) REGARDING AN APPROPRIATE REMEDY. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST. FORM 990, PART XII, LINE 2C: NO CHANGES HAVE TAKEN PLACE DURING THE FISCAL YEAR ENDED DECEMBER 31, 2023.