Public Charity

BRIDGE STREET DEVELOPMENT CORPORATION

BRIDGE STREET DEVELOPMENT CORPORATION is a Public Charity headquartered in BROOKLYN, NY. Financial data from the 2024 filing: $3.3M revenue, $3.6M expenses, $2.1M total assets. 27 publicly reported grants to this organization, totaling roughly $1.0M, appear in IRS filings.

EIN: 113250772 BROOKLYN, NY Community & Neighborhood Development NTEE: S20 Latest filing: 2024
Total Revenue$3.3M
Total Expenses$3.6M
Total Assets$2.1M
Grant Records27
Funding Total$1.0M
Filing Years2019–2024

Mission

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, BEDFORD-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.

Where $100 goes at Bridge Street Development Corporation

How Bridge Street Development Corporation divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.

$85 Programs the work itself
$11 Management running the organization
$4 Fundraising raising the next dollar

Inside the $85 for programs

$30
Community engagement and youth workforce-bsdc's community engagement and youth workforce programs builds and sustains vibrant and equitable neighborhoods within central Brooklyn, by bringing together the talents, resources, and…
36% of program spending
$29
Housing development
34% of program spending
$15
Bsdc's economic development program has four objectives
18% of program spending

Plus 2 more programs. Cost per person served and the full program breakdown are on the full profile.

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Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Sample Grants Received

$90,000
THE CENTER FOR NEW YORK CITY NEIGHBORHOODS INC
2024
HOUSING & LEGAL COUNSELING
$40,000
UNITED WAY OF NEW YORK CITY
2024
EMERGENCY ASSISTANCE AND COMMUNITY NEEDS FUND (EACN)-DESIGNED TO MEET EMERGENCY SITUATIONS THAT ARISE IN NEW YORK CITY AND ALLOWS UWNYC TO PROVIDE GRANTS TO ORGANIZATIONS AT THE COMMUNITY LEVEL TO ENSURE THAT THEY HAVE THE RESOURCES THEY NEED TO SERVE THEIR CLIENTS AND COMMUNITIES RAPIDLY AND EFFECTIVELY.
$15,000
$45,000
$45,000

Showing up to 5 of 27 total records — full history available with membership.

Officers & Directors

TREASURER Abitzel Robinson-Hobson
MEMBER Bonny O Williams
MEMBER Drexel Harris
CHAIRMAN Edward Odom Jr
MEMBER Fitzgerald Miller
PRESIDENT AND CEO Gregory Anderson

Officer compensation and complete director data available with membership.

Top Grant Purposes

General Support
$255,945 5 grants
Mental Health & Substance Abuse
$115,400 5 grants
Housing & Homelessness
$67,250 2 grants
Economic Development
$60,000 2 grants
Training & Professional Development
$30,000 2 grants

Financial Trends

Year Revenue Expenses Assets
2024 $3.3M $3.6M $2.1M
2023 $4.5M $4.6M $2.8M
2022 $2.8M $2.6M $2.2M
2020 $1.4M $1.5M $2.1M
2019 $1.6M $1.5M $2.1M

Between 2019 and 2024, reported annual revenue grew from $1.6M to $3.3M (+112%), with total assets most recently reported at $2.1M.

Interactive year-over-year charts and full filing details available with membership.

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