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Bridge Street Development Corporation

EIN 11-3250772 · Brooklyn, NY

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthWeak49 out of 100GovernanceStrong95 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

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.

Income
$3.3 million
Spending
$3.6 million
Spent on programs
85%
Reserves
5 months of spending
Largest source of income
government grants, 41%
Employees
96
Volunteers
0
Highest pay
$233,951, president and ceo

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Weak: 49 out of 100. Higher than 20% of charities in its peer group (community improvement, $1m to $10m).

  • Reserves

    20 of 35

    Spendable reserves would cover 5.0 months of spending.

  • Debt

    10 of 20

    It owes 31% of what it owns.

  • Living within its means

    4 of 15

    Spending exceeded income by 9% of income.

  • Income trend

    0 of 15

    Income fell 27% on the year before.

  • Spending floor

    15 of 15

    85% of spending went to programs and raising each dollar of donations cost 10 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Strong: 95 out of 100. Higher than 62% of charities in its peer group (community improvement, $1m to $10m).

  • Independent board

    25 of 25

    14 of 14 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    0 of 5

    Reports no independent review process for its chief executive's pay.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (5)
  1. $1.1 million spent. 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.
  2. $1.0 million spent. HOUSING DEVELOPMENT
  3. $542,002 spent. BSDC'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.
  4. $279,849 spent. BSDC'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.
  5. $95,488 spent. RESTORATIVE 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.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since March 1996.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.