BRIDGE FUND OF NEW YORK INC

We prevent homelessness among the working poor

New York, NY   |  http://www.thebridgefund.org

Mission

The mission of The Bridge Fund is to prevent homelessness for vulnerable, working poor individuals and families who are threatened with the loss of their housing, but often do not qualify for emergency government assistance because they have some income.

Ruling year info

1995

Mr.

Mr. Anthony Sabia

Main address

271 Madison Avenue Ste 907

New York, NY 10016 USA

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EIN

13-3824852

NTEE code info

Human Service Organizations (P20)

Financial Counseling, Money Management (P51)

Food Banks, Food Pantries (K31)

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

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Programs and results

What we aim to solve

SOURCE: Self-reported by organization

The Bridge Fund of New York Inc. is a privately funded program dedicated to preventing homelessness among the working poor, one of the most vulnerable sectors of our population. The Bridge Fund offers a unique and comprehensive package of services aimed at helping families and individuals overcome their immediate housing crisis (usually the threat of eviction) and maintain long-term stability.

Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

The Bridge Fund of New York,

The Bridge Fund of New York City
The Bridge Fund of Westchester

Population(s) Served
Economically disadvantaged people
Unemployed people

Preventing homelessness among the working poor of Westchester County, New York with modest, interest-free loans or grants to pay rental arrears, combined with budget counseling to help clients achieve long term housing stability.

Population(s) Served
Economically disadvantaged people
Unemployed people

Preventing homelessness among the working poor of New York City's five boroughs with modest, interest-free loans or grants to pay rental arrears, combined with budget counseling to help clients achieve long term housing stability.

Population(s) Served
Economically disadvantaged people
Unemployed people

Provide comprehensive financial counseling to Bridge Fund clients for the end in mind of preventing a re-occurrence of rental arrears assistance. Counseling includes budget review, income enhancement strategies, referral to eligible income benefits such earn income tax credits, SNAP and Utility assistance.

Population(s) Served
Adults

Provide residents with basic food items that require evicition prevention assistance

Population(s) Served
Adults

Where we work

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

The Bridge Fund prevents homelessness by providing intensive services and interest-free loans, grants or subsidies to pay outstanding rent. Our financial assistance to clients averages $1,500 per household and represents a fraction of the cost of shelter placement, which, for a family, is estimated to be more than $62,000-a-year. Loan repayments can be as little as $5 per month. Consistently, at least 90% of the households that receive our complete package of services are in their homes one-year after our initial intervention!
Approximately 105 organizations and government agencies refer clients to the program by faxing or emailing a completed application, which is reviewed by a case handler within 24 hours. Tenants who contact The Bridge Fund directly are also considered. Those who are facing eviction proceedings and seem to meet the following criteria are invited for an office interview:

Valid reason for owing rent
Enough income to maintain housing beyond our intervention
Viable rental arrears (amount owed can and should be paid)
Continued tenancy rights can be legally preserved

Clients that prove eligible (or can be helped to establish eligibility) and comply with all Bridge Fund directives and requests for documentation receive both services and one-time financial assistance to pay rental arrears or short-term rent subsidies.
All Bridge Fund clients are in imminent danger of eviction or foreclosure due to unforeseen emergencies that cause them to fall behind in their rent payments. These include temporary job loss, funeral expenses and uninsured illness. They have little or no savings, supplement their incomes with food stamps, WIC or other benefits, and use 43% of their $2,332 monthly net income to meet their rent obligations. The average household consists of two individuals. Fifty-eight percent are African American, 31 percent are Hispanic and the remaining 11 percent are Caucasian or other.

Financials

BRIDGE FUND OF NEW YORK INC
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Operations

The people, governance practices, and partners that make the organization tick.

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Connect with nonprofit leaders

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  • Analyze a variety of pre-calculated financial metrics
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BRIDGE FUND OF NEW YORK INC

Board of directors
as of 10/12/2021
SOURCE: Self-reported by organization
Board chair

Oscar Pollock

Ingalls & Snyder LLC

Oscar Pollock

Ingalls & Snyder, LLC

Mary Pollock

Richard Ditoro

Lonza Group

Bruce Barniker

Bruce Barniker LLC

Joseph Cruickshank

The Clark Foundation

Kenneth Chandler

Newsmax Media

Paul Henkel

Alliance Bernstein

Benjamin Joseph

The Related Companies LP

D.Roger Liddell

Clear Harbor Asset Management LLC

Tony Pandjiris

Technology Investor

Eon Parks

Martin de Porres Group Homes

James Thatcher

Ingalls & Snyder

Organizational demographics

SOURCE: Self-reported; last updated 06/16/2021

Who works and leads organizations that serve our diverse communities? GuideStar partnered on this section with CHANGE Philanthropy and Equity in the Center.

Leadership

The organization's leader identifies as:

Race & ethnicity
White/Caucasian/European
Gender identity
Male, Not transgender (cisgender)
Sexual orientation
Heterosexual or Straight
Disability status
Person without a disability

Race & ethnicity

No data

Gender identity

No data

 

No data

Sexual orientation

No data

Disability

No data