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BRIDGEWAY DEVELOPMENT CORPORATION: Form 990, tax year 2017

View the entire original 990 at ProPublica ↗

Organization
BRIDGEWAY DEVELOPMENT CORPORATION (EIN 80-0842724)
Tax period
2017-10-01 to 2018-09-30
Filed
2019-02-14
IRS object ID
201920459349301272
Schema version
2017v2.3
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2019-02-14T12:46:57-06:00ReturnTs
Tax Period End2018-09-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN251408703PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1SCHNEIDER DOWNS & CO INCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1ONE PPG PLACE SUITE 1700AddressLine1Txt
CityPITTSBURGHCityNm
State AbbreviationPAStateAbbreviationCd
ZIP15222ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2017-10-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN800842724EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1BRIDGEWAY DEVELOPMENT CORPORATIONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlBRIDBusinessNameControlTxt
Phone4122012450PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1707 GRANT STREET NO 1920AddressLine1Txt
CityPITTSBURGHCityNm
State AbbreviationPAStateAbbreviationCd
ZIP15219ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonMARK PETERSONPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone4122012450PhoneNum
Signature2019-02-13SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonEUGENE J LOGANPreparerPersonNm
PTINP00227231PTIN
Phone4122613644PhoneNum

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address208.79.164.82IPv4AddressTxt
FieldValueIRS element (for citing)
IP2019-02-13IPDt
IP Tm13:03:52IPTm
IP TimezoneESIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device Id9B917A9CD890140E230CF96B6B707F00B463B466AtSubmissionCreationDeviceId
At Submission Filing Device IdED4C94F1B30A2419E19D98BACB4CD30BED54357BAtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2017TaxYr
Build TS2019-02-21 02:37:17ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerMARK PETERSONPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1707 GRANT STREET NO 1920AddressLine1Txt
CityPITTSBURGHCityNm
State AbbreviationPAStateAbbreviationCd
ZIP15219ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$510,036GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501cYes (X)Organization501cInd
Website AddressWWW.BRIDGEWAYCAPITAL.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2015FormationYr
Legal Domicile StatePALegalDomicileStateCd
Activity Or MissionTHE MISSION OF BRIDGEWAY DEVELOPMENT CORPORATION IS TO OWN, OPERATE AND DEVELOP COMMERCIAL RENTAL REAL ESTATE FOR SMALL BUSINESSES, TO SUPPLY HEALTHY FOODS, TO PROVIDE LOW-INCOME HOUSING, TO SUPPORT NONPROFIT SERVICE PROVIDERS, TO CREATE JOBS, AND TO HELP REVITALIZE LOW-INCOME COMMUNITIES.ActivityOrMissionDesc
Voting Members Governing Body3VotingMembersGoverningBodyCnt
Voting Members Independent2VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers2TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$0PYContributionsGrantsAmt
CY Contributions Grants$0CYContributionsGrantsAmt
PY Program Service Revenue$386,417PYProgramServiceRevenueAmt
CY Program Service Revenue$508,721CYProgramServiceRevenueAmt
PY Investment Income$3,075PYInvestmentIncomeAmt
CY Investment Income$1,315CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$389,492PYTotalRevenueAmt
CY Total Revenue$510,036CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$0PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$817,357PYOtherExpensesAmt
CY Other Expenses$935,760CYOtherExpensesAmt
PY Total Expenses$817,357PYTotalExpensesAmt
CY Total Expenses$935,760CYTotalExpensesAmt
PY Revenues Less Expenses-$427,865PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$425,724CYRevenuesLessExpensesAmt
Total Assets BOY$9,731,965TotalAssetsBOYAmt
Total Assets EOY$10,463,875TotalAssetsEOYAmt
Total Liabilities BOY$8,034,131TotalLiabilitiesBOYAmt
Total Liabilities EOY$8,062,950TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$1,697,834NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$2,400,925NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTHE MISSION OF BRIDGEWAY DEVELOPMENT CORPORATION IS TO OWN, OPERATE AND DEVELOP COMMERCIAL RENTAL REAL ESTATE FOR SMALL BUSINESSES, TO SUPPLY HEALTHY FOODS, TO PROVIDE LOW-INCOME HOUSING, TO SUPPORT NONPROFIT SERVICE PROVIDERS, TO CREATE JOBS, AND TO HELP REVITALIZE LOW-INCOME COMMUNITIES.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$895,273ExpenseAmt
Revenue$508,721RevenueAmt
DescBRIDGEWAY DEVELOPMENT CORPORATION OWNED AND OPERATED A COMMERCIAL REAL ESTATE PROPERTY IN PITTSBURGH, PA AS A SPACE FOR SMALL BUSINESSES AND NONPROFIT COMPANIES IN A LOW-INCOME COMMUNITY.Desc
Total Program Service Expenses$895,273TotalProgramServiceExpensesAmt
Described In Section501c30DescribedInSection501c3Ind
Schedule B Required0ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Temp Or Permanent Endowments0TempOrPermanentEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (1)ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With Officer Ent0BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document11IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee0EmployeeCnt
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members3GoverningBodyVotingMembersCnt
Independent Voting Member2IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesYes (1)DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or StockholdersYes (1)MembersOrStockholdersInd
Election Of Board MembersYes (1)ElectionOfBoardMembersInd
Decisions Subject To ApprovaYes (1)DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of Committees0MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1MARK PETERSONBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone4122012450PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1707 GRANT STREET NO 1920AddressLine1Txt
CityPITTSBURGHCityNm
State AbbreviationPAStateAbbreviationCd
ZIP15219ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (3 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerInd
REGINALD OVERTON
DIRECTOR0.500.00Yes (X)$0$0$0
RICARDO SAVIDO
DIRECTOR0.500.00Yes (X)$0$0$0
MARK PETERSON
PRES., SECRET., TREAS., CEO2.0038.00Yes (X)$0$177,532$113,264Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$177,532TotReportableCompRltdOrgAmt
Total Other Compensation$113,264TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp

Contractor Name ContractorName

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1SOTA CONSTRUCTION SERVICES INCBusinessNameLine1Txt

Contractor Address ContractorAddress

US Address USAddress

FieldValueIRS element (for citing)
Address Line180 UNION AVENUEAddressLine1Txt
CityPITTSBURGHCityNm
State AbbreviationPAStateAbbreviationCd
ZIP15202ZIPCd
FieldValueIRS element (for citing)
ServicesCONSTRUCTION CONTRACTORServicesDesc
Compensation$2,698,302CompensationAmt
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K1CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescRENTAL INCOMEDesc
Business532000BusinessCd
Total Revenue Column$508,721TotalRevenueColumnAmt
Related Or Exempt Func Income$508,721RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$508,721TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,315TotalRevenueColumnAmt
Exclusion$1,315ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$510,036TotalRevenueColumnAmt
Related Or Exempt Func Income$508,721RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$1,315ExclusionAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$37,594TotalAmt
Management And General$37,594ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$2,700TotalAmt
Management And General$2,700ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$79,423TotalAmt
Program Services$79,423ProgramServicesAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$5,724TotalAmt
Program Services$5,531ProgramServicesAmt
Management And General$193ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$238TotalAmt
Program Services$238ProgramServicesAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$65,449TotalAmt
Program Services$65,449ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$415,265TotalAmt
Program Services$415,265ProgramServicesAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$24,735TotalAmt
Program Services$24,735ProgramServicesAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmt
BUILDING MAINTENANCE$165,494$165,494
UTILITY EXPENSE$91,111$91,111
REAL ESTATE TAXES$45,785$45,785
EQUIPMENT MAINTENANCE &$1,522$1,522

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$720TotalAmt
Program Services$720ProgramServicesAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$935,760TotalAmt
Program Services$895,273ProgramServicesAmt
Management And General$40,487ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$606,965BOYAmt
EOY$358,418EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$643,927BOYAmt
EOY$126,431EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$4,500BOYAmt
EOY$50,897EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$134,967BOYAmt
EOY$129,689EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$10,772,688LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$974,248LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$8,341,606BOYAmt
EOY$9,798,440EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$9,731,965BOYAmt
EOY$10,463,875EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$1,577,913BOYAmt
EOY$848,605EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$9,436BOYAmt
EOY$21,067EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$6,446,782BOYAmt
EOY$6,456,494EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$736,784EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$8,034,131BOYAmt
EOY$8,062,950EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$1,697,834BOYAmt
EOY$2,400,925EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,697,834BOYAmt
EOY$2,400,925EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$9,731,965BOYAmt
EOY$10,463,875EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss-$425,724ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$1,128,815OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consolidated Basis Fincl StmtYes (X)ConsolidatedBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule D IRS990ScheduleD

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$570,381OtherCostOrOtherBasisAmt
Book Value$570,381BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$10,167,844OtherCostOrOtherBasisAmt
Depreciation$971,355DepreciationAmt
Book Value$9,196,489BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$14,465OtherCostOrOtherBasisAmt
Depreciation$2,893DepreciationAmt
Book Value$11,572BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$19,998OtherCostOrOtherBasisAmt
Book Value$19,998BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$9,798,440TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescLOAN PAYABLE TO BRIDGEWAY CAPITAL, INC.Desc
Amt$736,784Amt
FieldValueIRS element (for citing)
Total Liability$736,784TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART X, LINE 2:FormAndLineReferenceDesc
ExplanationTHE ORGANIZATION FOLLOWS THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (CODIFICATION OR ASC) TOPIC ON INCOME TAXES, WHICH PRESCRIBES A MINIMUM RECOGNITION THRESHOLD AND MEASUREMENT METHODOLOGY THAT A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN IS REQUIRED TO MEET BEFORE BEING RECOGNIZED IN COMBINED FINANCIAL STATEMENTS. THE ORGANIZATION'S COMBINED STATEMENTS OF FINANCIAL POSITION AT SEPTEMBER 30, 2018 AND 2017 DO NOT INCLUDE ANY LIABILITIES ASSOCIATED WITH UNCERTAIN TAX POSITIONS; FURTHER, THE ORGANIZATION HAS NO UNRECOGNIZED TAX BENEFITS. THE ORGANIZATION WOULD ACCRUE INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE, IF ANY WERE TO BE INCURRED. THE ORGANIZATION IS NO LONGER SUBJECT TO EXAMINATION OF ITS TAX RETURNS FOR FISCAL YEARS BEFORE 2015.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp

FieldValueIRS element (for citing)
PersonMARK PETERSONPersonNm
TitlePRES., SECRET., TREAS., CEOTitleTxt
Base Compensation Filing Org$0BaseCompensationFilingOrgAmt
Compensation Based On Rltd Orgs$169,890CompensationBasedOnRltdOrgsAmt
Bonus Filing Organization$0BonusFilingOrganizationAmount
Bonus Related Organizations$0BonusRelatedOrganizationsAmt
Other Compensation Filing Org$0OtherCompensationFilingOrgAmt
Other Compensation Rltd Orgs$7,642OtherCompensationRltdOrgsAmt
Deferred Compensation Flng Org$0DeferredCompensationFlngOrgAmt
Deferred Comp Rltd Orgs$90,880DeferredCompRltdOrgsAmt
Nontaxable Benefits Filing Org$0NontaxableBenefitsFilingOrgAmt
Nontaxable Benefits Rltd Orgs$22,384NontaxableBenefitsRltdOrgsAmt
Total Compensation Filing Org$0TotalCompensationFilingOrgAmt
Total Compensation Rltd Orgs$290,796TotalCompensationRltdOrgsAmt
Comp Report Prior990 Filing Org$0CompReportPrior990FilingOrgAmt
Comp Report Prior990 Rltd Orgs$0CompReportPrior990RltdOrgsAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (11 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 3BRIDGEWAY CAPITAL, INC. PERFORMS THE FOLLOWING DUTIES: -FINANCIAL OVERSIGHT AND BUDGETING/REPORTING -DEVELOPMENT AND PROJECT PLANNING -SITE MAMANGEMENT AND TENANT COMMUNICATIONS
FORM 990, PART VI, SECTION A, LINE 6BRIDGEWAY DEVELOPMENT CORPORATION IS A PENNSYLVANIA NONPROFIT CORPORATION. BRIDGEWAY DEVELOPMENT CORPORATION'S SOLE MEMBER IS BRIDGEWAY CAPITAL, INC., WHICH IS EXEMPT FROM TAX UNDER SECTION 501(C)(3). BRIDGEWAY CAPITAL, INC. CONTROLS THE BRIDGEWAY DEVELOPMENT CORPORATION THROUGH VARIOUS POWERS RESERVED FOR THE SOLE MEMBER, AS SET FORTH IN THE ORGANIZATION'S BYLAWS. BRIDGEWAY DEVELOPMENT CORPORATION WAS ESTABLISHED AS A FOR PROFIT CORPORATION IN AUGUST 2012 FOR THE PURPOSE OF OWNING AND OPERATING A COMMERCIAL REAL ESTATE PROPERTY, THE ORGANIZATION CONVERTED TO A NONPROFIT IN JUNE 2015 AND APPLIED FOR EXEMPTION FROM INCOME TAX UNDER INTERNAL REVENUE CODE SECTION 501(C)(2). BRIDGEWAY DEVELOPMENT CORPORATION HAS A BOARD OF DIRECTORS THAT SHALL CONSIST OF AT LEAST ONE AND NOT MORE THAN FIVE DIRECTORS, THE EXACT NUMBER TO BE SET FROM TIME TO TIME BY RESOLUTION OF THE BOARD OF DIRECTORS OF THE CORPORATION. THE BOARD ACTIVELY CONSISTS OF THREE MEMBERS, ONE OF WHOM SERVES AS THE PRESIDENT, TREASURER, AND SECRETARY.
FORM 990, PART VI, SECTION A, LINE 7ATHE SOLE MEMBER, BRIDGEWAY CAPITAL, INC., SHALL RETAIN THE FOLLOWING POWERS: -TO DETERMINE THE NUMBER OF DIRECTORS THAT WILL COMPRISE THE BOARD OF DIRECTORS. -TO REMOVE, WITH OR WITHOUT CAUSE, OR APPROVE THE REMOVAL, OF ANY DIRECTOR FROM THE CORPORATION'S BOARD OF DIRECTORS, AND TO APPOINT THE REPLACEMENT OF ANY SUCH REMOVED DIRECTOR AND TO FILL ANY OTHER VACANCY ON THE BOARD OF DIRECTORS FOR THE UNEXPIRED PORTION OF THE TERM. -TO ELECT, RE-ELECT, APPOINT, REAPPOINT AND REMOVE ALL OFFICERS OF THE CORPORATION AND/OR TO APPROVE THE ELECTION, RE-ELECTION, APPOINTMENT, REAPPOINTMENT AND REMOVAL OF ALL OFFICERS OF THE CORPORATION.
FORM 990, PART VI, SECTION A, LINE 7BTHE SOLE MEMBER, BRIDGEWAY CAPITAL, INC., SHALL RETAIN THE FOLLOWING POWERS: -TO APPROVE ALL ACTIONS RELATED TO OBTAINING NEEDED FUNDS FOR THE CORPORATION'S OPERATIONS IN EXCESS OF TWO HUNDRED FIFTY THOUSAND DOLLARS ($250,000).
FORM 990, PART VI, SECTION A, LINE 8BTHE ORGANIZATION DOES NOT HAVE A COMMITTEE WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
FORM 990, PART VI, SECTION B, LINE 11BBRIDGEWAY DEVELOPMENT CORPORATION'S CONTROLLER GATHERS INFORMATION FOR THE FORM 990 FROM THE FINANCIAL SYSTEM AND PROVIDES THE INFORMATION TO THE INDEPENDENT AUDIT FIRM TO PREPARE A DRAFT. THE CHIEF FINANCIAL OFFICER AND PRESIDENT OF BRIDGEWAY CAPITAL, INC. REVIEW THE DRAFT FOR ACCURACY AND CHANGES ARE MADE AS APPROPRIATE. THE FINAL FORM 990 IS DISTRIBUTED TO ALL MEMBERS OF BRIDGEWAY DEVELOPMENT CORPORATION'S BOARD OF DIRECTORS.
FORM 990, PART VI, SECTION B, LINE 12CBRIDGEWAY DEVELOPMENT CORPORATION DISTRIBUTES THE CONFLICT OF INTEREST POLICY AND DISCLOSURE FORM TO BOARD MEMBERS EACH YEAR FOR COMPLETION. SENIOR MANAGEMENT WILL REVIEW THE FORMS TO ASSESS AND ADDRESS, IF NECESSARY, ANY CONFLICTS THAT ARE DISCLOSED. CONFLICTS WILL BE BROUGHT TO THE BOARD'S ATTENTION AND DISCUSSED OPENLY AT BOARD MEETINGS.
FORM 990, PART VI, SECTION B, LINE 15AMANAGEMENT EMPLOYEES ARE PAID THROUGH THE PARENT COMPANY BRIDGEWAY CAPITAL. THE SALARY OF THE BRIDGEWAY DEVELOPMENT CORPORATION PRESIDENT IS SET BY THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS. AT THE BEGINNING OF THE FISCAL YEAR, THE EXECUTIVE COMMITTEE SETS GOALS FOR THE PRESIDENT AS WELL AS REVIEWING PERFORMANCE RELATED TO GOALS FROM THE PRIOR FISCAL YEAR.
FORM 990, PART VI, SECTION C, LINE 19BRIDGEWAY DEVELOPMENT CORPORATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC BY PROVIDING COPIES WITHIN 30 DAYS UPON WRITTEN REQUEST AND IMMEDIATELY IN THE CASE OF IN-PERSON REQUESTS.
FORM 990, PART XI, LINE 9:EQUITY CONTRIBUTION FROM PARENT ORGANIZATION 1,128,815.
FORM 990, PART XII, LINE 2C:THE ORGANIZATION'S FINANCIAL STATEMENTS WERE AUDITED BY AN INDEPENDENT ACCOUNTING FIRM. ADDITIONALLY, THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND ITS SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM PRIOR YEAR.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line1BRIDGEWAY CAPITAL INCBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1707 GRANT STREET SUITE 1920AddressLine1Txt
CityPITTSBURGHCityNm
State AbbreviationPAStateAbbreviationCd
ZIP15219ZIPCd
FieldValueIRS element (for citing)
EIN251635121EIN
Primary ActivitiesCDFI LOAN FUNDPrimaryActivitiesTxt
Legal Domicile StatePALegalDomicileStateCd
Exempt Code Section501(C)(3)ExemptCodeSectionTxt
Public Charity StatusLINE 10PublicCharityStatusTxt
Direct Controlling NAN/ADirectControllingNACd
Controlled Organization0ControlledOrganizationInd

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp

Related Organization Name RelatedOrganizationName

FieldValueIRS element (for citing)
Business Name Line115CCD CORORATIONBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1707 GRANT STREET SUITE 1920AddressLine1Txt
CityPITTSBURGHCityNm
State AbbreviationPAStateAbbreviationCd
ZIP15219ZIPCd
FieldValueIRS element (for citing)
EIN471471501EIN
Primary ActivitiesREAL ESTATE DEVELOPMENTPrimaryActivitiesTxt
Legal Domicile StatePALegalDomicileStateCd

Direct Controlling Entity Name DirectControllingEntityName

FieldValueIRS element (for citing)
Business Name Line1BRIDGEWAY CAPITAL INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Entity TypeCEntityTypeTxt
Controlled Organization0ControlledOrganizationInd
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org0GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth OrgYes (1)GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth OrgYes (1)LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset ExchangeYes (1)AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other OrgYes (1)PerformOfServicesByOtherOrgInd
Sharing Of FacilitiesYes (1)SharingOfFacilitiesInd
Paid Employees Sharing0PaidEmployeesSharingInd
Reimbursement Paid To Other OrgYes (1)ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other OrgYes (1)ReimbursementPaidByOtherOrgInd
Transfer To Other OrgYes (1)TransferToOtherOrgInd
Transfer From Other OrgYes (1)TransferFromOtherOrgInd

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