Bridgeway Capital Certified Development Company

Nonprofit profile at a glance

EIN
743109154
IRS 990-EZ coverage
2009–2016
Forms available
Form 990-EZ 2016
Location
Pittsburgh, PA, USA
Phone
4122012450
Rating
56
Verdict
MIXED
Rating confidence
Moderate
Sector
Rural Economic Development

Reported finances

Revenue
$125,087
Expenses
$57,506
Assets
$0
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2016. Amounts in USD.

Leadership & pay

12 people listed

Executive titles in this filing

  • MARK PETERSON (PRESIDENT/ TREASURER)

People named in this filing

  • SHEILA COWIESON (DIRECTOR)
  • WILLIAM DELUCA JR (DIRECTOR)
  • WILLIAM HAWTHORNE (DIRECTOR)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2016. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Bridgeway capital certified development company strives to foster exonomic development, create and preserve job opportunities, and stimulate growth, expansion and modernization of small businesses by working in conjunction with the small business administration to oversee and conduct small business lending programs.

What it reported doing in 2016

Bridgeway capital certified development company fostered economic development and stimulated growth, expansion and modernization of small business through 64 loans since 2004 totaling $24,216,000. The economic impact of this lending has helped preserve or create 784 jobs since 2004.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

MIXED - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 41
  • Transparency & Controls: 82
  • Sustainability: 53
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 28.5%; rating input score 28
  • Program expense ratio: 62%; rating input score 62

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 54%; rating input score 96; 96th percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 1; 1st percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 65; 65th percentile among comparable filings

Growth

  • Program expense growth: -17.9% per year; rating input score 0; 10th percentile among comparable filings
  • Revenue growth: -3.8% per year; rating input score 0; 15th percentile among comparable filings
  • Asset growth: -21.2% per year; rating input score 0; 7th percentile among comparable filings

Details

  • Where the money goes: 28.5% of revenue deployed · 62% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $36K in reported program spending
  • Leadership: top reported pay $0 · 12 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 7 filing years from 2009 to 2016
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Mission deployment rate scored 28/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 1/100.
  • High — Growth: Asset growth scored 0/100.