Bridgewood Non Profit Housing Corp

Analysis

Bridgewood Non Profit Housing Corp is a registered charity in United States, based in Escanaba, MI. It received its IRS tax-exemption ruling in August 1981, 45 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Bridgewood Non Profit Housing Corp reported income of $1.9m and spending of $1.9m, spending 99% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.5m to $1.9m (+30%), an average of +6.9% a year. The sharpest change came in the year to September 2021, when income rose by 23%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bridgewood Non Profit Housing Corp sits at the 85th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within MI. Charities of a similar size with the same main cause include Neighborhood Housing Services Inc ($1.9m), Laurel Academy ($1.9m) and Kearney Catholic High School Foundation ($1.9m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $1.1m. At year end it held assets of $1.5m against liabilities of $350k, net assets of $1.2m.