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Bridge Street Development Corporation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 113250772 ✦ Brooklyn, NY ✦ Designated as a 501(c)(3)

Overview

What is Bridge Street Development Corporation?

Bridge Street Development Corporation is a nonprofit organization situated in Brooklyn, New York, specifically at 460 Nostrand Avenue. Their primary focus is on community engagement and youth workforce development, aiming to create vibrant and equitable neighborhoods in Central Brooklyn. They achieve this by offering support services, educational workshops, and internship programs to low-income tenants, as well as youth and young adult certificate training programs. Additionally, they organize civic engagement and leadership development programs for motivated youth. The organization also facilitates block and tenant associations on a monthly basis. Beyond housing development, Bridge Street Development Corporation encourages business formation and recruitment in Bedford-Stuyvesant, and works on enhancing administrative capabilities for affiliated corporations. With a workforce of 46 individuals, it is dedicated to uplifting the community.


Official website here: www.bsdcorp.org

Is Bridge Street Development Corporation legitimate?

Bridge Street Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bridge Street Development Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,478,074

For more financial information, click here


Official website here: www.bsdcorp.org

What is the mission statement of Bridge Street Development Corporation?

Bridge Street Development Corporation aims to fulfill a threefold mission. Firstly, it focuses on improving housing conditions for low and moderate-income families in certain communities. Secondly, it encourages the establishment of businesses within these communities and attracts both prospective and existing businesses to the area. Lastly, the corporation works on enhancing its management and administrative capabilities to provide centralized services effectively to the various affiliated corporations. This organizational structure is designed to promote overall development and prosperity in the targeted communities.


Official website here: www.bsdcorp.org

Who is the CEO of Bridge Street Development Corporation?

Gregory Anderson is the Chairman of Bridge Street Development Corporation.


Official website here: www.bsdcorp.org

What is the revenue of Bridge Street Development Corporation?

Bridge Street Development Corporation's revenue in 2022 was $2,763,736.


Official website here: www.bsdcorp.org

Who are the executives of Bridge Street Development Corporation and what are their salaries?

The average compensation at Bridge Street Development Corporation during 2022 was $32,132. There are 46 employees at Bridge Street Development Corporation.

Here are 13 key members and their salaries:

    Gregory Anderson (Pres. And Ce)
  • Compensation: $190,000
  • Related: $0
  • Other: $0

    • Edward Odom Jr (Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Phyllis White-Thorne (Vice Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Abitzel Robitson-Hobson (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Valerie Kenderick-Cousin (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Drexel Harris (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Sowonee Duworko (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Fitzgerald Miller (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Niles Dante Stewart (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Joan Bartolomeo (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Rev David B Cousin Sr (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Tamara Charles (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Scott A Griffin (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.bsdcorp.org

    Where can I find the form 990 for Bridge Street Development Corporation?

    The Bridge Street Development Corporation’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.bsdcorp.org

    Learn more at the official website: www.bsdcorp.org

    Mission Statement of Bridge Street Development Corporation

    Bridge Street Development Corporation is dedicated to a threefold mission. At its core, the organization aims to enhance and improve housing for low and moderate income families in various communities. Beyond this, Bridge Street Development Corporation encourages the formation of businesses within these communities, actively recruiting both prospective and established businesses to reinforce the local economy. Lastly, the corporation works on developing and strengthening management and administrative capacity, allowing it to provide a range of services centrally to several affiliated corporations under the Bridge Street African Wesleyan Methodist Episcopal Church. Through these initiatives, Bridge Street Development Corporation seeks to contribute positively to the well-being and growth of the communities it serves.

    Impact

    This information is meant to be a general summary of Bridge Street Development Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.




    Saturday, July 20, 2024

    Bridge Street Development Corporation's impact can be seen in the revitalization of low and moderate-income housing in the Bedford-Stuyvesant area, as well as in the promotion of business development and management capacity building within the community. Through its community engagement and youth workforce programs, BSDC works towards creating vibrant and equitable neighborhoods in central Brooklyn. By providing support services to tenants, offering internship and training programs for youth, and convening block and tenant associations, BSDC actively engages residents and empowers them to take charge of their own development. This multi-faceted approach contributes to the overall improvement of the community and the lives of its residents.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $712
  • Program Service Revenue: $314,470
  • Gross Receipts: $2,763,736

    • Assets and Liabilities:
  • Total Assets: $2,210,051
  • Total Liabilities: $364,100
  • Net Assets: $1,845,951
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    DEVELOPER & MANAGEMENT FEES

    Revenue

    $184,541

    DEVELOPMENT ASSISTANCE

    Revenue

    $129,929

    Organization Details

    Founding Year

    1995

    Principal Officer

    Gregory Anderson

    Main Address

    460 NOSTRAND AVENUE, BROOKLYN, NY, 11216

    NTEE Category

    Code: S20 - Community improvement

    If you are a representative of Bridge Street Development Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.