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Nonprofit · EIN 94-3149476

BRIDGE ECONOMIC DEVELOPMENT CORPORATION

Tax-exempt · SAN FRANCISCO, CA 94104

Financials

$863K$1.2M2023$731K$988K2024
Revenue Expenses · by fiscal year end
Financials of BRIDGE ECONOMIC DEVELOPMENT CORPORATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$731,133$987,781-$256,648$16,996,741$8,101,286$8,895,455
December 31, 2023990$863,178$1,167,988-$304,810$16,994,212$7,842,011$9,152,201
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$9,726
Program service revenue
$659,037
Investment income
$10,231
Other revenue
$52,139

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Legal fees
$14,998
Accounting fees
$22,540
Occupancy
$391,566
Depreciation
$434,036
Program services (functional)
$965,241
Management and general (functional)
$22,540

Balance sheet and other

Total assets, start of year
$16,994,212
Total assets, end of year
$16,996,741
Total liabilities, end of year
$8,101,286
Net assets, end of year
$8,895,455
Land, buildings and equipment
$10,927,872
Net assets without donor restrictions
$8,895,455
Gross receipts
$731,133
Employees
0
Volunteers
0
Year formed
1991
State of legal domicile
CA

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.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
KENNETH LOMBARDPRESIDENT
Trustee or director, Officer
1$0$1,067,527$45,067
DELPHINE SHERMANVICE PRESIDENT/CFO
Trustee or director, Officer
1$0$429,032$120,262
SIERRA ATILANOVICE PRESIDENT
Trustee or director, Officer
1$0$452,551$53,138
JAMES MATHERVICE PRESIDENT
Trustee or director, Officer
1$0$387,481$113,550
REBECCA HLEBASKOVICE PRESIDENT/SECRETARY
Trustee or director, Officer
1$0$405,549$93,649
SMITHA SESHADRIVICE PRESIDENT
Officer
1$0$410,204$87,530
NATALIA WILLIAMSVICE PRESIDENT
Officer
1$0$346,950$37,612
BRAD WIBLINFORMER VICE PRESIDENT
Former
0$0$123,831$0
KURT CREAGEROUTGOING-VICE PRESIDENT
Officer
1$0$46,725$6,076
990 for the year ended December 31, 2023: 12 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
KENNETH LOMBARDPRESIDENT
Trustee or director, Officer
1$0$1,007,909$47,242
DELPHINE SHERMANVICE PRESIDENT/CFO
Trustee or director, Officer
1$0$417,504$120,312
ARUNA DODDAPANENIVICE PRESIDENT (OUTGOING)
Officer
1$0$474,486$55,741
JAMES MATHERVICE PRESIDENT
Trustee or director, Officer
1$0$405,393$108,335
REBECCA HLEBASKOVICE PRESIDENT/SECRETARY
Trustee or director, Officer
1$0$408,787$100,838
SMITHA SESHADRIVICE PRESIDENT
Officer
1$0$417,409$90,294
BRAD WIBLINVICE PRESIDENT (OUTGOING)
Officer
1$0$397,025$97,083
KURT CREAGERVICE PRESIDENT
Officer
1$0$374,930$87,011
SIERRA ATILANOVICE PRESIDENT
Trustee or director, Officer
1$0$366,441$48,028
ALISON LORIGVICE PRESIDENT (OUTGOING)
Officer
1$0$243,835$30,071
NATALIA WILLIAMSVICE PRESIDENT
Officer
1$0$229,451$27,088
KATHERINE FLEMINGVICE PRESIDENT (OUTGOING)
Officer
1$0$156,829$16,509

Address and contacts

Address (IRS master file)
350 CALIFORNIA STREET 16TH FLOOR, SAN FRANCISCO, CA 94104-1402
Principal officer (990 for 2024)
KENNETH LOMBARD, 350 CALIFORNIA STREET 16TH FLOOR, SAN FRANCISCO, CA 94104
Signed the 990
ERIK LUND, SVP OF FINANCE AND ACCOUNTING
Phone
(415) 989-1111
Return prepared by
COHNREZNICK ADVISORY LLC

California records

California keeps its own records of charities and corporations. Search them by EIN 94-3149476 or by the name BRIDGE ECONOMIC DEVELOPMENT CORPORATION.

Attorney General, Registry of Charities and Fundraisers
Registration status and filed reports (CT-TR-1, RRF-1)

Mission

MISSION: THIS ORGANIZATION FURTHERS THE EXEMPT PURPOSES OF BRIDGE HOUSING CORPORATION (BRIDGE). BRIDGE STRENGTHENS COMMUNITIES BY DEVELOPING, OWNING AND MANAGING HIGH-QUALITY, AFFORDABLE HOMES FOR WORKING FAMILIES AND SENIORS.VISION:* BRIDGE STRENGTHENS COMMUNITIES AND CREATES OPPORTUNITIES FOR WORKING FAMILIES AND SENIORS, BEGINNING BUT NOT ENDING WITH HOUSING.* BRIDGE IS A LEADER AND INNOVATOR IN THE MISSION-DRIVEN BUSINESS OF EFFECTIVE PRODUCTION, OPERATION AND OWNERSHIP OF AFFORDABLE AND MIXED-INCOME HOUSING.* BRIDGE EARNS THE HIGHEST DEGREE OF CUSTOMER SATISFACTION FROM ALL STAKEHOLDERS, INCLUDING RESIDENTS, NEIGHBORS, INVESTORS, TAXPAYERS, PRIVATE- AND PUBLIC-SECTOR PARTNERS, AND EMPLOYEES.* BRIDGE IS THE GO-TO DEVELOPER AND OWNER FOR PUBLIC OFFICIALS, INVESTORS AND COMMUNITIES SEEKING AN ARRAY OF HOUSING SOLUTIONS, AND IT DELIVERS RESULTS.

990 for the year ended December 31, 2024

Program accomplishments

  • THE ORGANIZATION IS INVOLVED IN PROJECTS TO DEVELOP COMMERCIAL PROPERTIES IN DEPRESSED NEIGHBORHOODS TO REVITALIZE THE COMMUNITY.
    Expenses $965,241 · revenue $711,716

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
94-3149476
Tax-exempt status
501(c)(4): Social welfare organization
Donations deductible
No
Exempt since
1995
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$16,996,741
Income (IRS master file)
$731,133

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$731,133$987,781$16,996,741IRS
990December 2023$863,178$1,167,988$16,994,212XML
990December 2022$905,550$1,259,537$17,379,404IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990December 2017–––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 94-3149476).

Questions about BRIDGE ECONOMIC DEVELOPMENT CORPORATION

What is the EIN of BRIDGE ECONOMIC DEVELOPMENT CORPORATION?
The employer identification number (EIN) of BRIDGE ECONOMIC DEVELOPMENT CORPORATION is 94-3149476.
Is BRIDGE ECONOMIC DEVELOPMENT CORPORATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 1995.
Are donations to BRIDGE ECONOMIC DEVELOPMENT CORPORATION tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does BRIDGE ECONOMIC DEVELOPMENT CORPORATION file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of BRIDGE ECONOMIC 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 BRIDGE ECONOMIC 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 BRIDGE ECONOMIC DEVELOPMENT CORPORATION?
The 990 for the year ended December 31, 2024 names KENNETH LOMBARD.
Who are the officers and directors of BRIDGE ECONOMIC DEVELOPMENT CORPORATION?
The 990 for the year ended December 31, 2024 lists 9 people; 0 received compensation from the organization.
How much revenue does BRIDGE ECONOMIC DEVELOPMENT CORPORATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $731,133, expenses of $987,781 and total assets of $16,996,741 at year end.

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