BRIDGE INVESTMENT COMMUNITY DEVELOPMENT Charity Report

Public IRS 990 nonprofit record

BRIDGE INVESTMENT COMMUNITY DEVELOPMENT

EIN 47-1937546 · Economic Development (S30)

What they do

SUPPORT JOB CREATION and ECONOMIC GROWTH BY PROVIDING COMMUNITY BASED LENDING and INVESTMENT WHILE FOSTERING THE CREATION and PRESERVATION of LOW and MODERATE INCOME HOUSING for LOW and MODERATE INCOME HOUSEHOLDS.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $78.10 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders14 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

3.00%of revenue went to mission work78.1% of expenses · Program services

$3.85spent for every $100 of revenueRevenue covered expenses this year.

0.84%of revenue went to management and office costs21.9% of expenses

$43.83in assets for every $1 spent this yearSome assets cannot be spent right away.

138.3%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$5,899,593

Mission workProgram services$177,0783.00% of revenue78.1% of expenses

ManagementOffice and general costs$49,7930.84% of revenue21.9% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Revenue left after expensesReported annual surplus$5,672,72296.15% of revenueShown in gray on the chart

Total expenses$226,8713.85% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 78.1% mission · 21.9% management · 0.0% fundraisingTotal expenses: 3.85% of revenue

2023Expense mix: 77.4% mission · 22.6% management · 0.0% fundraisingTotal expenses: 22.31% of revenue

2022Expense mix: 73.4% mission · 26.6% management · 0.0% fundraisingTotal expenses: 24.07% of revenue

2021Expense mix: 73.4% mission · 26.6% management · 0.0% fundraisingTotal expenses: 42.92% of revenue

2020Expense mix: 87.6% mission · 12.4% management · 0.0% fundraisingTotal expenses: 44.91% of revenue

2019Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 52.26% of revenue

2018Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 26.46% of revenue

2017Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 199.76% of revenue

Money in and money out

Revenue$5,899,593

Expenses$226,871

Annual surplus $5,672,722 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$177,078 · 78.1% of expenses

Management and office costs$49,793 · 21.9% of expenses

See all reported dollar amounts

Revenue$5,899,593

Expenses$226,871

Assets$9,944,286

Income$13,969,584

Contributions$8,160,000

Mission work (program services)$177,078

Management and general$49,793

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

No compensation was reported for these leaders. The complete board and leadership roster is shown below.

Board and leadership roster (14)

BRIAN HOLLENBACKEXECUTIVE DIR.

CHUCK SORENSENTRUSTEE

DAN BLOCHERVICE PRESIDENT

DIRK MEMINGERSECRETARY

DR AHMED OKBATRUSTEE

EILEEN ROETHLERTRUSTEE

JOHN DALYTRUSTEE

JUSTIN PETERSONTRUSTEE

KAREN REYNOLDSTRUSTEE

KEVIN SCHOONMAKERCHAIRMAN

LIZ MURRAY TALLMANTRUSTEE

MATT WYNNTREASURER

RIC PARADESTRUSTEE

SAMEER KULKARNITRUSTEE

About this charity

Recognized since: January 2015
Location: 100 19TH STREET SUITE 109, ROCK ISLAND, IL 61201
County: Rock Island
In care of: KEVIN SCHOONMAKER
Primary officer: KEVIN SCHOONMAKER, Chairman

How to reach them

WebsiteVisit the charity’s website Emailinfo@bridgeinvestmentcdc.org Phone(309) 794-6711

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: TIMMER AND ASSOCIATES CPA PC
NTEE classification: Economic Development (S30)
IRS tax category: Economic Development