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Human Services : Social Services (Grantmaking)

Bridgewater HealthCare Foundation

Energy for life

four stars

90.32

302 North Second Street Bridgewater, VA 22812
tel: (540) 828-2509   Web Site
EIN: 52-1296840

Board Leadership
Craig Landes
Chair

CEO
Carrie Budd
Vice President for Development

  Score
(out of 100)
Rating
Overall Score & Rating 90.32 four stars
  Financial 91.87 four stars
  Accountability & Transparency 89.00 three stars
This rating was published 02/01/2020 and includes data from FY2018, the most recent 990 received at that time.

Bridgewater HealthCare Foundation (BHFI) was formed in 1983 to raise funds to support the mission of Bridgewater Retirement Community with special emphasis on residents who have exhausted their financial resources, and to enhance all programs related to resident care. The Foundation provides funding for resident care, capital and non-capital needs and special projects as directed by the Board of Directors. The Foundation in an autonomous, operating organization governed by a separate recommending Board of Directors to guide fundraising efforts.

Bridgewater HealthCare Foundation (BHFI) was formed in 1983 to raise funds to support the mission of Bridgewater Retirement Community with special emphasis on residents who have exhausted their financial resources, and to enhance all programs related to resident care. The Foundation provides funding for resident care, capital and non-capital needs and special projects as directed by the Board of Directors. The Foundation in an autonomous, operating organization governed by a separate recommending Board of Directors to guide fundraising efforts.

Impact Information

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Financial

four stars

91.87

Accountability & Transparency

three stars

89.00

This rating was published 02/01/2020 and includes data from FY2018, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
82.8%
  Administrative Expenses 7.1%
  Fundraising Expenses 10.0%
  Fundraising Efficiency $0.10
  Working Capital Ratio (years) 5.66
  Program Expenses Growth 19.5%
  Liabilities to Assets 27.3%
All data for Financial Performance Metrics calculations was provided by Bridgewater HealthCare Foundation on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by Bridgewater HealthCare Foundation on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
Bridgewater HealthCare Foundation (VA) 90.32 four stars
Surrey Services for Seniors (PA) 90.00 four stars
Openhouse (CA) 87.52 three stars
Senior Services (NC) 93.48 four stars
DOROT (NY) 95.69 four stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $3,617,221
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $0
   Related Organizations $0
   Government Grants $0
Total Contributions $3,617,221
   Program Service Revenue $0
Total Primary Revenue $3,617,221
   Other Revenue $1,786,693
TOTAL REVENUE $5,403,914
   
EXPENSES  
   Program Expenses $2,236,277
   Administrative Expenses $149,759
   Fundraising Expenses $224,605
TOTAL FUNCTIONAL EXPENSES $2,610,641
   
Payments to Affiliates $0
Excess (or Deficit) for the year $2,793,273
   
Net Assets $18,198,594

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Due to an error on this organization's Form 990, we are unable to display program information.

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2018-09 02/01/2020 90.32 four stars
2017-09 02/01/2019 88.93 three stars
2016-09 03/01/2018 80.95 three stars
2015-09 11/01/2016 86.83 three stars
2014-09 06/01/2016 76.61 two stars
 
CN 2.0
2014-09 03/01/2016 70.18 two stars

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 52-1296840
Name in IRS Master File BRIDGEWATER HEALTHCARE FOUNDATION INC
NTEE Code E21
NTEE Classification Community Health Systems
NTEE Type Health - General and Rehabilitative
Classification Charitable Organization
Subsection 501(c)(3)  (View the list of codes)
Activities (602) Gifts, grants, or loans to other organizations
(922) Endowment fund or financial services
Foundation Status Organizations operated solely for the benefit of and in conjunction with organizations described in 10 through 16 above.  509(a)(3)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date January, 1983
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End September
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • September, 2018
  • September, 2017
  • September, 2016
  • September, 2015
  • September, 2014
Compensation % of Expenses Paid to Title Compensation from Affiliates
$89,927 3.44% Carrie Budd Vice President --
Other Salaries of Note
Not compensated -- Rodney Alderfer President, CEO $200,183

Highly Rated

Charity Name & State Overall Score Overall Rating
Bridgewater HealthCare Foundation (VA) 90.32 four stars
Openhouse (CA) 87.52 three stars
Senior Link Midland (TX) 88.07 three stars
DOROT (NY) 95.69 four stars
Friends of Yad Sarah (NY) 95.73 four stars

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This charity has an official representative registered with Charity Navigator.

Charity Contact Info

Bridgewater HealthCare Foundation
302 North Second Street
Bridgewater, VA 22812
tel: (540) 828-2509
EIN: 52-1296840

Visit Web Site

Board Leadership

Craig Landes
Chair

CEO

Carrie Budd
Vice President for Development

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