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THE BRIDGE FUND OF NEW YORK INC
NEW YORK, NY · EIN 133824852 · Form 990 · FY2024 · NTEE P60 · Human Services · Medium ($1M-$10M) · thebridgefund.org
revenue
$2.6M
expenses
$3.5M
net assets
$4.5M
employees
21
volunteers
10
program ratio
79%
mission · from form 990

THE PREVENTION OF HOMELESSNESS.

profile · synthesized from sources

The Bridge Fund of New York Inc. prevents homelessness among working-poor individuals and families facing eviction by providing emergency financial assistance, budget counseling, and monitoring. Operating in New York City and Westchester County, it offers interest-free loans and grants to cover rent arrears, helping clients remain in rent-regulated housing. The organization also runs the Income Growth Initiative, which supports long-term stability through career advising, job training referrals, and financial literacy services.

named programs · 3 · from sources

What they call their work

Housing Independence Program
Also known as the Income Growth Initiative, this program supports severely rent-burdened clients and working-poor students at risk of dropping out due to financial hardship.
Income Growth Initiative
Provides career advisement, budget counseling, digital literacy training, job search support, and modest grants for tuition and rent to help low-income clients increase earnings and maintain housing stability.
Rent Subsidy Project for Pre-Retirement Workers
Provides financial assistance to senior citizens nearing retirement to help them retain rent-stabilized apartments until eligible for pensions and Social Security.
activities · 2 groups

What they do

  • Emergency Rental Assistance and Eviction Prevention 2 activities
    • Preventing homelessness through emergency financial assistance and case management
      Provides emergency rent assistance, interest-free loans, and grants to low-income individuals and families at risk of eviction, combined with case management services to stabilize housing. In 2024, prevented homelessness for 656 client households in New York City and Westchester County, with over 90% remaining housed one year later.
    • Stabilizing households in affordable housing through financial and supportive services
      Uses emergency rent grants and supportive services to stabilize families in affordable housing. In 2024, leveraged $856,944 in external funding and provided $1,307,555 in financial assistance to stabilize 811 households (1,916 individuals, including 650 children), with client contributions resolving Housing Court cases.
  • Workforce Readiness Training 1 activity
    • Providing supportive services to promote income growth and employment advancement
      Operates the Income Growth Initiative (IGI) to help low-income clients increase household income through career advisement, resume preparation, job search assistance, budget counseling, digital literacy training, and access to office equipment. Served over 800 clients between 2020 and 2024, resulting in education enrollment, renewed employment, or job promotions with average annual income gains exceeding $12,000.
financials · form 990 · fy2024
revenue
Total revenue$2.57M
Contributions & grants$2.40M93%
Program service revenue$00%
Investment income$170K7%
Other revenue$0
expenses
Total expenses$3.45M
Program expenses79%
Admin / overhead14%
Fundraising7%
Salaries & benefits$1.54M
Grants paid out$1.41M
Largest expense lineCompensation
balance sheet
Total assets$4.79M
Cash$878K
Investments$3.52M
Liabilities$336K
Net assets$4.45M
Liquid reserves15.3 mo
4 years on record · 2020–2024 · YoY revenue -31.7%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 3
NameTitleHours/wkCompensation
MARIA L TOLEDO EXECUTIVE DIRECTOR 40 $158K
LEONARD PERLSON FINANCIAL CONTROLLER 40 $96K
ANTHONY SABIA EXECUTIVE DIRECTOR (OUTGOING) 50 $47K
board members · 11
  • BENJAMIN K JOSEPH — DIRECTOR
  • BRUCE BARNIKER — TREASURER
  • D ROGER B LIDDELL — DIRECTOR
  • EON PARKS — DIRECTOR
  • FOSTER L BIRCH — VICE PRESIDENT
  • JAMES E THATCHER — DIRECTOR
  • MARY NAN POLLOCK — CO-FOUNDER
  • OSCAR S POLLOCK — CHAIRMAN/CO-FOUNDER
  • PAUL H JENKEL — FORMER VICE PRESIDENT
  • RICHARD D DITORO — PRESIDENT
  • TONY PANDJIRIS — CHAIRMAN
relationships · 33

Who they work with

  • Blanchette Hooker Rockefeller Fund Funder — Major donor supporting programs in both Westchester and New York City.
  • Board of Directors Partner — Oversees and supports the organization’s programs and growth.
  • Brooklyn Educational Opportunity Center Partner — Job training partner to which The Bridge Fund refers clients and monitors progress.
  • Emergency Food & Shelter Program (EFSP) Funder — Major donor providing funding for programs in both Westchester and New York City.
  • First Step Partner — Job training partner to which The Bridge Fund refers clients and monitors progress.
  • Grace Institute Partner — Job training partner to which The Bridge Fund refers clients and monitors progress.
  • Housing Court Answers Partner — Collaborates to resolve rental arrears by providing information and resources to tenants and landlords.
  • Human Resources Administration Government — Secured emergency rent grants on behalf of 142 client households in New York City.
  • Jandon Foundation Funder — Provided early support for the Income Growth Initiative in Westchester.
  • LaGuardia Community College Partner — Partner institution through which The Bridge Fund refers clients for education and workforce training.
  • Laurie Partner — Individual supported by the organization who now advocates for or contributes to its mission.
  • Mental Insight Foundation Funder — Major donor supporting programs in New York City.
  • Mercy College Partner — Referral partner for the Income Growth Initiative.
  • New York City Partner — Geographic area where The Bridge Fund provides financial assistance and counseling services.
  • SUNY Partner — Referral partner for the Income Growth Initiative.
  • Social service providers Partner — Refers clients to Bridge Fund programs
  • Southern Westchester BOCES Partner — Job training partner to which The Bridge Fund refers clients and monitors progress.
  • The Bridge Fund of New York Inc Network — Member of the homelessness prevention field promoting best practices.
  • The New York City Council/Human Resources Administration Government — Government entity providing funding for programs in New York City.
  • The New York Community Trust Funder — Supported the expansion of the Income Growth Initiative in Westchester.
  • The New York Community Trust - Westchester Funder — Major donor supporting programs in Westchester.
  • The Pollock Foundation Funder — Major donor supporting programs in both Westchester and New York City.
  • Westchester Partner — Geographic area where The Bridge Fund provides financial assistance and counseling services.
  • Westchester Community College Partner — Collaborates with The Bridge Fund to help clients access education and skill development for in-demand jobs.
  • Westchester Community College Partner — Referral partner for the Income Growth Initiative.
  • Westchester Community Opportunity Program Partner — Referral partner for the Income Growth Initiative.
  • Yonkers Emergency Rental Assistance Program Partner — Collaborated with Y-ERAP to provide rental assistance to low- to moderate-income Yonkers residents affected by the pandemic.
  • community groups Partner — Refers clients to Bridge Fund programs
  • government agencies Government — Refers clients to Bridge Fund programs
  • hospitals Partner — Refers clients to Bridge Fund programs
+ 3 more
strategies · 4

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.

  • Client-Centered, Individualized Support Model
    methodology: client_centered_care
    By delivering tailored services based on each client’s unique financial and professional circumstances, the organization enhances engagement and effectiveness, because personalized support respects client dignity and aligns interventions with real-life conditions.
  • Integrated Financial and Employment Support for Long-Term Stability
    methodology: integrated_housing_employment_support
    By combining emergency financial aid with employment counseling, job training referrals, and education partnerships, the organization promotes sustained housing stability, because addressing both immediate financial needs and long-term income potential reduces recurrence of housing crises.
  • Preventive Financial Intervention to Avert Homelessness
    methodology: preventive_financial_intervention
    By providing small, targeted financial assistance such as interest-free loans or grants, the organization prevents costly homelessness and promotes long-term housing stability, because short-term financial support addresses the root cause of imminent housing crises and avoids the higher social and fiscal costs of shelter placement.
  • Systemic Navigation and Advocacy to Improve Housing Retention
    methodology: systemic_navigation_support
    By offering guidance and advocacy through complex systems such as housing court and public benefits, the organization increases clients’ ability to retain housing, because structural barriers often outweigh individual effort, and expert navigation improves successful outcomes.