New York · Nonprofit
BRIDGE STREET DEVELOPMENT CORPORATION
BRIDGE STREET DEVELOPMENT CORPORATION (New York) receives grants from 17 organizations whose IRS filings report $1,745,095 to it, the largest being CITI FOUNDATION ($500,000). 8 of them have funded it in more than one year.
- Revenue FY2024
- $3.3M
- Funders on record
- 17
- Grants received
- $1.7M
- Net assets
- $1.5M
What Bridge Street Development Corporation does
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.
As stated on its FY2024 Form 990.
Programs
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 skills of its residents. This is accomplished by the following: (1) providing support services and educational workshops to lmi tenants; (2) youth and young adult internship and certificate training programs such as over 1,100 syep internships for 14-24 year olds, year round wpp internships and motivated youth building all selfempowerment (mybase) civic engagement and leadership development programs; and, (3) organizing and convening block and tenant associations on a monthly basis.
$1,117,568 spentof which $36,922 as grants27% of program spendingBsdc's economic development program has four objectives: a) to provide technical and planning assistance to small business startups b)develop commercial space for business c) implement neighborhood retail initiatives to attract and retain businesses and jobs d) offer empowering financial literacy programs and business planning courses, as well as first-time homebuyer workshops.
$833,917 spentof which $14,813 as grants$823,366 earned by the program20% of program spendingRestorative justice-bsdc's restorative justice program, project restore bedstuy (prb), is an immersive, yearlong, initiative designed to assist young men in need of support due to their involvement in street formations. The project is a collaboration between many community and city stakeholders. Prb provides its participants with mentorship, wraparound support, and the resources to help them regain control of their lives. Core components include access to social resources and services, paid internship employment, targeted education, and important life skills. Additionally, through restorative justice and traumainformed programming, it allows participants to take responsibility for any harm caused, while also healing from any harm they may have experienced themselves.
$1,519,592 spentof which $19,350 as grants37% of program spendingBsdc's senior services provides quality housing at below market rent for seniors,and various support services on site, such as meal on wheels, workshops,home health aides, medicare assistance and other extracurricularactivities.
$226,149 spent5% of program spendingHousing development
$431,409 spent10% of program spending
The 5 programs described on its FY2023 Form 990, listed largest first by expense. Program spending in total: $4,128,635.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2023 to 2024, from $2.9M to $2.1M (−27%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2017 33% · 2018 26% · 2019 34% · 2020 70% · 2021 57% · 2022 53% · 2023 68% · 2024 40%. Grants only. Government contracts and fees sit inside program revenue.
70% of BRIDGE STREET DEVELOPMENT CORPORATION’s revenue is contributions — more donation-reliant than the typical peer (61% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 4 of the last 8 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Gregory Anderson
President and CEO
Board chair
Edward Odom Jr
Chairman
As listed on its FY2024 Form 990.
Who funds it, year by year
2017 → 2023: the base broadened from 2 funders to 4 funders, grant income rose $54k → $209k.
3 of 17 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 16% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of BRIDGE STREET DEVELOPMENT CORPORATION’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
BRIDGE STREET DEVELOPMENT CORPORATION leans on a few funders — its largest provides 29% of grant income and the top three 67%; half comes from just 2 funders.
the vertical line marks half of all grant income — 2 funders to its left
63% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund BRIDGE STREET DEVELOPMENT CORPORATION.
Largest funder’s share by year: 2017 65% · 2018 57% · 2019 100% · 2020 28% · 2021 49% · 2022 50% · 2023 48% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
67% of BRIDGE STREET DEVELOPMENT CORPORATION's funders are still giving 3 years after their first grant; 47% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
90% of BRIDGE STREET DEVELOPMENT CORPORATION's grant income comes from New York funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $286k arriving through sponsors registered in 3 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
BRIDGE STREET DEVELOPMENT CORPORATION has grown faster than half of the 4,203 community improvement nonprofits its size.
this organization peer median middle 50% of peers· 4,203 community improvement nonprofits $1M–$10M, FY2024
Organizations like BRIDGE STREET DEVELOPMENT CORPORATION
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In New York
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
85% of spending goes to programs.
Governance
Public support
100%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Screen this organization
A dated, signed PDF of the compliance screen for BRIDGE STREET DEVELOPMENT CORPORATION: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds BRIDGE STREET DEVELOPMENT CORPORATION?
- BRIDGE STREET DEVELOPMENT CORPORATION (New York) receives grants from 17 organizations whose IRS filings report $1,745,095 to it, the largest being CITI FOUNDATION ($500,000). 8 of them have funded it in more than one year.
- How many funders does BRIDGE STREET DEVELOPMENT CORPORATION have?
- IRS filings report 17 organizations giving $1,745,095 in grants to BRIDGE STREET DEVELOPMENT CORPORATION, 8 of which have funded it in more than one year.
- Who is the largest funder of BRIDGE STREET DEVELOPMENT CORPORATION?
- CITI FOUNDATION is the largest funder on record, with $500,000 in grants. The full list of funders is on this page.
- How can an organization like BRIDGE STREET DEVELOPMENT CORPORATION find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in New York. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds Bridge Street Development →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 17 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing