Nonprofit · EIN 47-4694291
BUILDING BRIDGES DEVELOPMENT CORPORATION
Tax-exempt · WASHINGTON, DC 20020
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $101 | $765,300 | -$765,199 | $25,212,373 | $21,938,720 | $3,273,653 |
| December 31, 2023 | 990 | $9,418,968 | $738,275 | $8,680,693 | $25,977,572 | $21,938,720 | $4,038,852 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $101
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Depreciation
- $765,300
- Program services (functional)
- $765,300
Balance sheet and other
- Total assets, start of year
- $25,977,572
- Total assets, end of year
- $25,212,373
- Total liabilities, end of year
- $21,938,720
- Net assets, end of year
- $3,273,653
- Land, buildings and equipment
- $25,209,849
- Net assets without donor restrictions
- $3,273,653
- Gross receipts
- $101
- Employees
- 0
- Volunteers
- 2
- Year formed
- 2015
- State of legal domicile
- DC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| RAHSAAN BERNARD | PRESIDENT AND CEO Officer | 1 | $0 | $331,689 | $44,650 |
| SCOTT KRATZ | DIRECTOR OF 11TH ST BRIDGE Officer | 1 | $0 | $203,305 | $41,899 |
| WILLIAM T SKIP MCMAHON | CO-FOUNDER Trustee or director, Officer | 2 | $0 | $0 | $0 |
| JEFFERY P CAPRON | BOARD MEMBER Trustee or director, Officer | 2 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| RAHSAAN BERNARD | PRESIDENT AND CEO Officer | 1 | $0 | $321,549 | $45,100 |
| SCOTT KRATZ | DIRECTOR OF 11TH ST BRIDGE Officer | 1 | $0 | $172,494 | $19,380 |
| WILLIAM T SKIP MCMAHON | CO-FOUNDER Trustee or director, Officer | 2 | $0 | $39,448 | $0 |
| JEFFERY P CAPRON | BOARD MEMBER Trustee or director, Officer | 2 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1901 MISSISSIPPI AVE SE, WASHINGTON, DC 20020-6117
- Principal officer (990 for 2024)
- SCOTT KRATZ, 1901 MISSISSIPPI AVE SE, WASHINGTON, DC 20020
- Signed the 990
- SCOTT KRATZ, PRESIDENT
- Phone
- (202) 889-5901
- Return prepared by
- GELMAN ROSENBERG & FREEDMAN
Mission
BUILDING BRIDGES DEVELOPMENT CORPORATION (BBDC) WAS ORGANIZED TO OPERATE EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES BY CONDUCTING OR SUPPORTING ACTIVITIES OF BUILDING BRIDGES ACROSS THE RIVER (BBAR), A SECTION 501(C)3 ORGANIZATION.
Program accomplishments
- BUILDING BRIDGES DEVELOPMENT CORPORATION SERVICED THE NEW MARKET TAX CREDITS AND CONSTRUCTION LOANS. THEREFORE, HELPING TO SUPPORT THE ACTIVITIES OF BUILDING BRIDGES ACROSS THE RIVER.Expenses $765,300
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 47-4694291
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type I
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 2016
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Arts, culture and humanities (A11)
- Assets (IRS master file)
- $25,212,373
- Income (IRS master file)
- $101
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $101 | $765,300 | $25,212,373 | XML |
| 990 | December 2023 | $9,418,968 | $738,275 | $25,977,572 | XML |
| 990 | December 2022 | $500,004 | $1,401,814 | $26,808,289 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 47-4694291).
Questions about BUILDING BRIDGES DEVELOPMENT CORPORATION
- What is the EIN of BUILDING BRIDGES DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of BUILDING BRIDGES DEVELOPMENT CORPORATION is 47-4694291.
- Is BUILDING BRIDGES DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2016.
- Are donations to BUILDING BRIDGES DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does BUILDING BRIDGES DEVELOPMENT CORPORATION file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of BUILDING BRIDGES DEVELOPMENT CORPORATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BUILDING BRIDGES DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of BUILDING BRIDGES DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 names SCOTT KRATZ.
- Who are the officers and directors of BUILDING BRIDGES DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
- How much revenue does BUILDING BRIDGES DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $101, expenses of $765,300 and total assets of $25,212,373 at year end.
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