Bridgeway Development Corporation

Type of Nonprofit: The Bridgeway Development Corporation is categorized as a nonprofit organization that holds titles for property owned by another nonprofit. It is primarily involved in community improvement and real estate management.

Category: Bridgeway Development Corporation operates under the category of Community Improvement and Capacity Building/Real Estate Organizations according to the National Taxonomy of Exempt Entities (NTEE).

Mission and Activities: The organization's mission includes owning, operating, and developing commercial rental real estate, particularly for small businesses and initiatives related to supplying healthy foods[5]. However, the provided website bridgewaycapital.org does not correspond to this organization but rather to Bridgeway Capital, a different entity.

Financial Status: In recent years, Bridgeway Development Corporation's financial data reflects its operational focus. For instance, in 2023, the organization reported a revenue of approximately $705,000 and expenses totaling $1.28 million. Its total assets were valued at $11.6 million, with liabilities of $1.23 million[1]. In previous years, such as 2021, the organization's revenue primarily came from program services, indicating its reliance on operational activities rather than donations[1].

Tax Status: Contributions to the Bridgeway Development Corporation are not tax-deductible.

Leadership and Compensation: The leadership includes figures such as Thomas Bogdewic, who has served as President. However, there is no reported compensation for key personnel in terms of salary[1]. Other officers and directors, including Reginald Overton and Ricardo Savido, also do not receive direct compensation but may have other related income[1].