BRIDGE STREET DEVELOPMENT CORPORATION
AI Summary
BRIDGE STREET DEVELOPMENT CORPORATION is a community improvement nonprofit focused on developing and upgrading housing for low- and moderate-income families in Bedford-Stuyvesant, encouraging local business formation and recruitment, and building management capacity for affiliated organizations. In filing year 2024, it operated with a $3.5M budget and $3.3M in revenue, and its funding included support from LOCAL INITIATIVES SUPPORT CORPORATION, CITI FOUNDATION, THE CENTER FOR NEW YORK CITY NEIGHBORHOODS INC, AMERICAN ONLINE GIVING FOUNDATION INC, and UNITED WAY OF NEW YORK CITY; no single listed funder accounted for 50% or more of revenue.
Mission Statement
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, BEDFOR-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.
Cause Areas
1
Community improvement
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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Frequently Asked Questions
What is BRIDGE STREET DEVELOPMENT CORPORATION’s budget?
In 2024, BRIDGE STREET DEVELOPMENT CORPORATION reported an annual operating budget of around $3.5 million. More detailed financial information is available to registered users.
What causes does BRIDGE STREET DEVELOPMENT CORPORATION support?
BRIDGE STREET DEVELOPMENT CORPORATION supports work in Community improvement.
Where does BRIDGE STREET DEVELOPMENT CORPORATION operate?
BRIDGE STREET DEVELOPMENT CORPORATION is headquartered in Brooklyn, NY.
Who funded BRIDGE STREET DEVELOPMENT CORPORATION recently?
In 2024, BRIDGE STREET DEVELOPMENT CORPORATION received grants from LOCAL INITIATIVES SUPPORT CORPORATION, ROMA BANK COMMUNITY FOUNDATION INC, and BROOKLYN COMMUNITY FOUNDATION. More information on this organization’s funders is available to registered users.
What is the largest grant BRIDGE STREET DEVELOPMENT CORPORATION received in 2024?
The largest grant to BRIDGE STREET DEVELOPMENT CORPORATION in 2024 exceeds $90 thousand.
What is BRIDGE STREET DEVELOPMENT CORPORATION’s reliance on government grants?
BRIDGE STREET DEVELOPMENT CORPORATION relied on government grants for more than 40% of their total revenue in 2024.