2017-02-14T16:17:30-06:00 2016-09-30 251408703 SCHNEIDER DOWNS & CO INC ONE PPG PLACE SUITE 1700 PITTSBURGH PA 15222 990 2015-10-01 251635121 BRIDGEWAY CAPITAL INC BRID 4122012450 707 GRANT ST NO 1920 PITTSBURGH PA 15219 MARK PETERSON PRESIDENT 4122012450 2017-02-14 1 EUGENE J LOGAN P00227231 4122613644 2015 2021-01-29 14:40:06Z MARK PETERSON 707 GRANT ST NO 1920 PITTSBURGH PA 15219 21555821 0 X WWW.BRIDGEWAYCAPITAL.ORG X 1990 PA BRIDGEWAY CAPITAL STRIVES TO MAKE WESTERN PENNSYLVANIA A THRIVING REGION FOR ALL BY PROVIDING ENTREPRENEURS, NONPROFITS, AND GROWING SMALL BUSINESSES WITH CAPITAL AND EDUCATIONAL OPPORTUNITIES NECESSARY TO STRENGTHEN SOCIAL SERVICES AND CREATE NEW BUSINESSES AND NEW JOBS. 17 15 33 15 0 0 6102082 10838457 2662981 3055489 58306 380748 5625 0 8828994 14274694 424521 624388 0 0 2648303 2474488 0 0 131463 2626477 2986490 5699301 6085366 3129693 8189328 61038587 75850204 30344206 37033698 30694381 38816506 X SEE SCHEDULE OBRIDGEWAY CAPITAL WORKS TO MAKE WESTERN PENNSYLVANIA A THRIVING REGION FOR ALL BY PROMOTING ECONOMIC OPPORTUNITY AND COMMUNITY REVITALIZATION. BRIDGEWAY CAPITAL ASSISTS UNDERSERVED POPULATIONS BY PROVIDING CAPITAL AND EDUCATION TO IGNITE BUSINESS AND JOB GROWTH, DEVELOP COMMUNITIES, SUPPORT ENTREPRENEURS AND EXPAND VITAL SERVICES THAT STRENGTHEN OUR REGION. 0 0 4445120 624388 3055489 LENDING BY BRIDGEWAY CAPITAL BENEFITED LOW-INCOME PEOPLE AND ASSISTED IN THE FORMATION AND GROWTH OF SMALL BUSINESSES AND NONPROFIT ORGANIZATIONS IN LOW- TO MODERATE-INCOME COMMUNITIES ACROSS 15 COUNTIES IN WESTERN PENNSYLVANIA. 104 BORROWERS RECEIVED LOANS TOTALING $17.5 MILLION, WHICH LEVERAGED $19 MILLION IN ADDITIONAL FINANCING. BORROWERS RANGED FROM ENTREPRENEURS STARTING THEIR FIRST BUSINESS TO ESTABLISHED BUSINESSES EXPANDING OPERATIONS AND DEVELOPING THEIR JOB BASE, TO NON-PROFITS PROVIDING CRITICAL SOCIAL SERVICES AND ORGANIZATIONS FOCUSED ON REVITALIZING DISTRESSED COMMUNITIES. 226839 BRIDGEWAY CAPITAL EDUCATED AND ASSISTED CURRENT AND POTENTIAL BORROWERS WITH 1,467 HOURS OF ONE-ON-ONE BUSINESS SKILL ASSESSMENTS AND COACHING, TUITION ASSISTANCE FOR INSTRUCTIONAL AND MANAGEMENT SKILLS DEVELOPMENT PROGRAMS, AND OTHER FORMS OF ASSISTANCE TO HELP THEM MANAGE AND GROW THEIR BUSINESSES. THE EDUCATION HAS HELPED TO IMPROVE BORROWERS' FINANCIAL MANAGEMENT, BUSINESS STRATEGY, AND OTHER BUSINESS OPERATIONS, AND HAS CONTRIBUTED TO THE ECONOMIC DEVELOPMENT OF WESTERN PENNSYLVANIA. BRIDGEWAY CAPITAL ALSO CONTINUED TO PROVIDE PROFESSIONAL REAL ESTATE CONSULTING SERVICES, FREE OF CHARGE, TO NONPROFIT ORGANIZATIONS SEEKING ADVICE REGARDING THEIR FACILITY NEEDS AND CHALLENGES. 4671959 1 1 0 1 0 0 0 0 1 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 60 0 1 33 1 0 0 0 0 0 1 1 0 0 0 0 X 17 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 PA X MARK PETERSON 4122012450 707 GRANT ST NO 1920 PITTSBURGH PA 15219 DAN ADAMSKI DIRECTOR 0.50 X 0 0 0 LYNN DAVENPORT DIRECTOR 0.50 X 0 0 0 TERRY HAINES DIRECTOR 0.50 X 0 0 0 ANDREW HAYS DIRECTOR 0.50 X 0 0 0 THOMAS J KELLY JR DIRECTOR 0.50 X 0 0 0 BLAINE A LAMPERSKI DIRECTOR 0.50 X 0 0 0 DENIS MCLAUGHLIN DIRECTOR 0.50 X 0 0 0 RONA NESBIT DIRECTOR 0.50 X 0 0 0 CAROL A NEYLAND DIRECTOR 0.50 X 0 0 0 DIANA RIGGINS DIRECTOR 0.50 X 0 0 0 CHARLES R BROFF VC THROUGH 04/16) CHAIRPERSON (AS OF 4/16) 0.50 X X 0 0 0 STANLEY J MAHARAM CHAIRPERSON (THROUGH 4/16) 0.50 X X 0 0 0 RICHARD WITHERSPOON TREASURER (AS OF 4/16) 0.50 X X 0 0 0 SUSAN APEL TREAS THROUGH 4/16) SECRETARY (AS OF 4/16) 0.50 X X 0 0 0 ROBERT MOOREHEAD SECRETARY (THROUGH 4/16) 0.50 X X 0 0 0 SCOTT LANGILL ASSISTANT SECRETARY 38.00 2.00 X X 99997 0 18000 MARK PETERSON PRESIDENT & CEO 38.00 2.00 X X 164417 0 42574 JANE BITTCHER EXITED 116 CHIEF LENDING OFFICER 40.00 X 137353 0 24927 401767 0 85501 2 0 1 0 GV REALTY DEVELOPMENT CO 7019 MEADE PLACE PITTSBURGH PA 15208 CONSULTING 183000 BUCHANAN INGERSOLL & ROONEY PC 301 GRANT STREET 20TH FLOOR PITTSBURGH PA 15219 LEGAL SERVICES 177570 2 4376245 6462212 4882765 10838457 LOAN PROGRAM INTEREST 525990 2522813 2522813 LOAN PROGRAM FEES 525990 532676 532676 3055489 315248 315248 7345547 1080 7277785 3342 67762 -2262 65500 65500 14274694 3055489 0 380748 624388 624388 381842 91442 281055 9345 1533484 1164703 291039 77742 128523 83587 38249 6687 278594 185562 82236 10796 152045 97254 47375 7416 45860 4535 41325 55447 10702 44466 279 33372 33372 93579 93579 151513 108875 37923 4715 72688 13868 58378 442 52903 33042 18147 1714 75671 41871 31064 2736 161523 110948 44037 6538 54527 39798 14729 73018 73018 1134008 1130367 3641 29467 19464 8692 1311 37150 24391 11062 1697 ALLOWANCE FOR LOAN LOSS 775766 775766 PUBLICATIONS/DUES/SUBSC 86260 86260 EQUIPMENT MAINTENANCE & 15013 4603 10366 44 38725 20533 18191 1 6085366 4671959 1281944 131463 95831 280354 5658828 9849783 381828 594883 1993540 368300 39288144 46408179 164376 196220 374853 232519 80415 142334 11462252 16039589 248178 719274 1665195 1251288 61038587 75850204 430822 344667 1635090 1477069 1413250 1566042 26787337 33561846 77707 84074 30344206 37033698 X 24021933 28364520 6666948 10446486 5500 5500 30694381 38816506 61038587 75850204 X 8189328 -60836 -6367 X X 0 1 X 1 1 1 X 3585147 3064022 7329686 6102082 10838457 30919394 1339927 1482890 2074098 2662981 3055489 10615385 4925074 4546912 9403784 8765063 13893946 41534779 2633012 2650000 5599284 2850000 5256500 18988796 54331 100325 18349 151804 137993 462802 2687343 2750325 5617633 3001804 5394493 19451598 22083181 682136 560421 507540 313642 315248 2378987 682136 560421 507540 313642 315248 2378987 5607210 5107333 9911324 9078705 14209194 43913766 0.50290 0.54490 0.05420 0.07440 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 1 2475 0 1 33372 35847 0 PART II-B, LINE 1: WORK TO STRENGTHEN THE BASE OF SUPPORT FOR THE SMALL BUSINESS ADMINISTRATION'S MICROLOAN PROGRAM IN CONGRESS AND TO DEVELOP AND PRIORITIZE A LIST OF ISSUES TO BE ADDRESSED IN REAUTHORIZING THE SMALL BUSINESS ACT. WORK TO STRENGTHEN THE BASE OF SUPPORT FOR THE PENNSYLVANIA COMMUNITY DEVELOPMENT BANK AND OTHER SOURCES OF FUNDING FOR ACCREDITED COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS SUCH AS BRIDGEWAY CAPITAL. 0 1 X 374853 232519 142334 142334 FAIR VALUE OF INTEREST RATE SWAP 84074 84074 X 14216120 -60836 2262 -58574 14274694 0 14274694 6087628 2262 2262 6085366 0 6085366 PART IV, LINE 2B: BRIDGEWAY CAPITAL (BRIDGEWAY) IS IN POSSESSION OF FUNDS AWARDED FROM SEVERAL LOCAL FOUNDATIONS FOR THE ESTABLISHMENT OF A THIRD-PARTY BOND GUARANTEE PROGRAM FOR MINORITY AND WOMEN-OWNED CONTACTORS. THE CONTRACTS GOVERNING THE PROGRAM HAVE ENDED, AND BRIDGEWAY IS WORKING WITH THE FOUNDATIONS TO DETERMINE THE NEXT STEPS. BRIDGEWAY HAS A CONTRACT WITH THE HILL HOUSE ECONOMIC DEVELOPMENT CORPORATION (HHEDC) FOR BRIDGEWAY TO HOLD FUNDS GRANTED BY THE RICHARD KING MELLON FOUNDATION (RKMF) TO HHEDC FOR USE TOWARDS CONSTRUCTION-RELATED EXPENSES FOR A NEW GROCERY STORE TO SERVE THE LOW INCOME, AFRICAN AMERICAN HILL DISTRICT COMMUNITY. THE HILL DISTRICT HAS BEEN IDENTIFIED AS A "FOOD DESERT". BRIDGEWAY HAS A CONTRACT WITH THE MANCHESTER CITIZENS CORPORATION FOR BRIDGEWAY TO HOLD FUNDS GRANTED BY THE RICHARD KING MELLON FOUNDATION (RKMF) FOR A LOAN THAT HAS BEEN FUNDED. BRIDGEWAY HAS A CONTRACT TO HOLD FUNDS GRANTED BY THE RICHARD KING MELLON FOUNDATION (RKMF) TO MAKE PRE-DEVELOPMENT RECOVERABLE GRANTS TO NON-PROFITS. PART X, LINE 2: THE 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, 2016 AND 2015 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 YEARS BEFORE 2013. PART XI, LINE 2D - OTHER ADJUSTMENTS: LOSS ON FIXED ASSET DISPOSAL 2,262. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON FIXED ASSET DISPOSAL 2,262. 1 BLOOMFIELD GARFIELD CORP 5149 PENN AVE PITTSBURGH PA 15224 251290469 501(C)(3) 34800 REAL ESTATE PRE-DEVELOPMENT COMMUNITY DESIGN CENTER OF PITTSBURGH INC 307 FOURTH AVE SUITE 1500 PITTSBURGH PA 15222 251246098 501(C)(3) 31500 OPERATING SUPPORT CONNELLSVILLE AREA COMMUNITY MINISTRIES 110 WEST CRAWFORD AVE CONNELLSVILLE PA 15425 232906518 501(C)(3) 5700 OPERATING SUPPORT - HEALTHY FOODS GLUTEN FREE GOAT BAKERY & CAFE LLC 6355 STANTON AVE PITTSBURGH PA 15206 472256032 5000 OPERATING SUPPORT - HEALTHY FOODS GREATER PITTSBURGH FOOD BANK 1 NORTH LINDEN STREET DUQUESNE PA 15110 251420599 501(C)(3) 37125 OPERATING SUPPORT HAZELWOOD INITIATIVE 5344 SECOND AVE PITTSBURGH PA 15207 251825591 501(C)(3) 125000 REAL ESTATE PRE-DEVELOPMENT HILL DISTRICT FEDERAL CREDIT UNION 2021 CENTRE AVE PITTSBURGH PA 15219 251399163 GOVERNMENT 17324 OPERATING SUPPORT - LOAN LOSS ASSISTANCE LA DORITA COOKS 401 WICKFORD DRIVE PITTSBURGH PA 15238 473729575 501(C)(3) 30000 OPERATING SUPPORT LAWRENCEVILLE CORP 100 43RD STREET SUITE 114 PITTSBURGH PA 15201 250995759 501(C)(3) 90000 REAL ESTATE PRE-DEVELOPMENT MCKEES ROCKS CDC 611 CHARTIERS AVE PITTSBURGH PA 15136 061714498 501(C)(3) 40000 REAL ESTATE PRE-DEVELOPMENT PITTSBURGH HOUSING DEVELOPMENT ASSOC 7326 MONTICELLO STREET PITTSBURGH PA 15208 861122345 501(C)(3) 26000 REAL ESTATE PRE-DEVELOPMENT THE BIBLE CENTER CHURCH INC 7238 FLEURY WAY PITTSBURGH PA 15208 200801087 501(C)(3) 42000 REAL ESTATE PRE-DEVELOPMENT VETERANS PLACE OF WASHINGTON BLVD 945 WASHINGTON BLVD PITTSBURGH PA 15206 251787030 501(C)(3) 40000 REAL ESTATE PRE-DEVELOPMENT WILKINSBURG COMMUNITY DEVELOPMENT CORP 1001 WOOD STREET WILKINSBURG PA 15221 412241079 501(C)(3) 40000 REAL ESTATE PRE-DEVELOPMENT 13 1 PART I, LINE 2: GRANT INFORMATION IS DOCUMENTED IN A DATABASE CONTAINING DETAILED INFORMATION ABOUT THE RECIPIENT, THEIR BUSINESS, AND THE INTERNAL APPROVAL PROCESS AND SUPPORT SUBSTANTIATING THE GRANT. GRANT RECIPIENTS ARE REVIEWED INTERNALLY BY SENIOR MANAGEMENT AND OTHER RELEVANT STAFF FOR ELIGIBLITY. X X X 0 0 0 0 0 0 0 0 0 MARK PETERSON PRESIDENT & CEO 157000 0 0 0 7417 0 13732 0 28842 0 206991 0 0 0 JANE BITTCHER EXITED 116 CHIEF LENDING OFFICER 137172 0 0 0 181 0 11187 0 13740 0 162280 0 0 0 X 2 4882765 FMV 0 0 0 0 FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE SHALL BE RESPONSIBLE FOR POLICY PLANNING IN CONSULTATION WITH THE PRESIDENT AND CHIEF EXECUTIVE OFFICER, AS WELL AS FOR ONGOING EVALUATION OF THE PRESIDENT AND CHIEF EXECUTIVE OFFICER. FORM 990, PART VI, SECTION B, LINE 11 BRIDGEWAY CAPITAL'S (BRIDGEWAY) 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 CONTROLLER AND PRESIDENT OF BRIDGEWAY REVIEW THE DRAFT FOR ACCURACY AND CHANGES ARE MADE AS APPROPRIATE. THE FINAL FORM 990 IS DISTRIBUTED TO ALL MEMBERS OF THE BRIDGEWAY BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C BRIDGEWAY DISTRIBUTES THE CONFLICT OF INTEREST POLICY AND DISCLOSURE FORM TO BOARD MEMBERS EACH YEAR FOR COMPLETION. SENIOR MANAGEMENT REVIEWS THE FORMS TO ASSESS AND ADDRESS, IF NECESSARY, ANY CONFLICTS THAT ARE DISCLOSED. CONFLICTS ARE BROUGHT TO THE BOARD'S ATTENTION AND DISCUSSED OPENLY AT BOARD MEETINGS. FORM 990, PART VI, SECTION B, LINE 15A THE SALARY OF BRIDGEWAY'S PRESIDENT & CEO IS SET BY THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS. AT THE BEGINNING OF THE FISCAL YEAR, THE EXECUTIVE COMMITTEE SETS GOALS FOR PRESIDENT & CEO AS WELL AS REVIEWING PERFORMANCE RELATED TO GOALS FROM THE PRIOR FISCAL YEAR. THE PRESIDENT & CEO DETERMINES THE COMPENSATION FOR PAID OFFICERS AND KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 BRIDGEWAY 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: CHANGE IN FAIR VALUE OF INTEREST RATE SWAP -6,367. FORM 990, PART XII, LINE 2C, OVERSIGHT OF FINANCIAL STATEMENT AUDIT:: 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 THE PRIOR YEAR. BRIDGEWAY CERTIFIED DEVELOPMENT CORP 707 GRANT STREET SUITE 1920 PITTSBURGH PA 15219 743109154 TO SUPPORT CONTROLLING ORGANIZATION PA 501(C)(4) BRIDGEWAY CAPITAL INC 1 BRIDGEWAY DEVELOPMENT CORPORATION 707 GRANT STREET SUITE 1920 PITTSBURGH PA 15219 800842724 TO SUPPORT CONTROLLING ORGANIZATION PA 501(C)(2) BRIDGEWAY CAPITAL INC 1 15CCD CORP 707 GRANT STREET SUITE 1920 PITTSBURGH PA 15219 471471501 REAL ESTATE DEVELOPMENT PA BRIDGEWAY CAPITAL INC C 761337 1.00000 1 0 1 0 1 0 0 0 0 0 0 0 1 0 1 0 0 1 1 0 15CCD CORPORATION B 822660 CASH PAYMENT BRIDGEWAY DEVELOPMENT CORPORATION B 50000 CASH PAYMENT BRIDGEWAY DEVELOPMENT CORPORATION D 6760000 GUARANTEE BRIDGEWAY DEVELOPMENT CORPORATION L 190085 CONTRACT BILLED BRIDGEWAY CAPITAL CERTIFIED DEVELOPMENT COMPANY Q 57083 CASH PAYMENT BRIDGEWAY DEVELOPMENT CORPORATION Q 603369 CASH PAYMENT 15CCD CORPORATION Q 552915 CASH PAYMENT 15CCD CORPORATION R 301479 CASH PAYMENT BRIDGEWAY DEVELOPMENT CORPORATION R 250305 CASH PAYMENT