EIN 11-3250772

Bridge Street Development Corporation (BSDC)

IRS 501(c) type
501(c)(3)
Num. employees
46
Year formed
1995
Most recent tax filings
2022-12-01
Description
To preserve Bedford-Stuyvesant as a desirable neighborhood for raising families, owning businesses and taking part in rich cultural, spiritual and recreational opportunities.
Total revenues
$2,763,736
2022
Total expenses
$2,636,980
2022
Total assets
$2,210,051
2022
Num. employees
46
2022

Program areas at BSDC

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 1100 syep internships for 14 - 24 year olds, year round wpp internships and motivated youth building all self-empowerment (mybase) civic engagement and leadership Development programs; and, (3) organizing and convening block and tenant associations on a monthly basis.
Restorative justice - bsdc's restorative justice program, project restore bedstuy (prb), is an immersive, year-long, 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, wrap-around 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 trauma-informed programming, it allows participants to take responsibility for any harm caused, while also healing from any harm they may have experienced themselves.
Bsdc's economic Development program has four objectives: a) to provide technical and planning assistance to small business start-ups 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.
Bsdc's homeownership, preservation and housing Development - the goal is to improve the bedford-stuyvesant community by rehabilitating former city- owned residential properties and selling them at prices below market value. It creates home ownership opportunities for low to moderate income buyers, increases the attractiveness of the neighborhood, and upgrades the living conditions of existing residents. Program expenses were 256,111. 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 extra-curricular activities. Program expenses were 189,016.

Who funds Bridge Street Development Corporation (BSDC)

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Citi FoundationCommunity Progress Makers$250,000
Local Initiatives Support CorporationSee Part Iv$183,750
New York Urban League (NYUL)To Provide Annual Economic Stimulus and Capacity Building Support$35,000
...and 2 more grants received

Personnel at BSDC

NameTitleCompensation
Gregory AndersonPresident and Chief Executive Officer$190,000
Edward OdomChairman$0
Abitzel Robitson-HobsonTreasurer / Member$0
Phyllis White-ThorneVice Chair$0
Valerie Kenderick-CousinSecretary$0
...and 1 more key personnel

Financials for BSDC

RevenuesFYE 12/2022
Total grants, contributions, etc.$2,445,023
Program services$314,470
Investment income and dividends$712
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$3,531
Total revenues$2,763,736

Form 990s for BSDC

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-15990View PDF
2021-122022-11-09990View PDF
2020-122021-11-15990View PDF
2019-122021-03-01990View PDF
2018-122020-02-07990View PDF
...and 9 more Form 990s
Data update history
January 2, 2024
Received grants
Identified 3 new grant, including a grant for $250,000 from Citi Foundation
December 28, 2023
Posted financials
Added Form 990 for fiscal year 2022
October 23, 2023
Received grants
Identified 4 new grant, including a grant for $250,000 from Citi Foundation
July 15, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 5, 2023
Updated personnel
Identified 2 new personnel
Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsCharities
Issues
Community improvement
Characteristics
Receives government fundingTax deductible donations
General information
Address
460 Nostrand Ave
Brooklyn, NY 11216
Metro area
New York-Newark-Jersey City, NY-NJ-PA
County
Kings County, NY
Website URL
bsdcorp.org/ 
Phone
(718) 399-0146
Facebook page
bridgestreetdev 
Twitter profile
@bridgestreetdev 
IRS details
EIN
11-3250772
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1995
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S20: Community, Neighborhood Development, Improvement
NAICS code, primary
926110: Economic Development Corporations and Economic Program Organizations
Parent/child status
Independent
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