CHESTNUT CREEK INC

Address
600 California Street No 900
San Francisco, CA 94108
Contact
Phone: +1 (415) 989-1111
Nonprofit
NTEE: L20 - Housing Development, Construction, Management
EIN: 94-3360307

Mission

MISSION: This organization furthers the exempt purposes of Bridge Housing Corporation (BRIDGE) by providing low income housing. BRIDGE strengthens communities by developing, owning and managing high-quality, affordable homes for working families and seniors.VISION:* BRIDGE strengthens communities and creates opportunities for working families and seniors, beginning but not ending with housing.* BRIDGE is a leader and innovator in the mission-driven business of effective production, operation and ownership of affordable and mixed-income housing.* BRIDGE earns the highest degree of customer satisfaction from all stakeholders, including residents, neighbors, investors, taxpayers, private- and public-sector partners, and employees.* BRIDGE is the go-to developer and owner for public officials, investors and communities seeking an array of housing solutions, and it delivers results.
 20162015201420132012
Basic features of the organization
Year of formation2000
Subsection code03
PF filing required0    
Metropolitan statistical area7362
Form of organization
CorporationTrue
Human resources, including compensation
Summary compensation info
Sum of reportable (W2/1099) compensation$0.00$0.00$0.00$0.00$0.00
Number of employees00000
Number of people compensated >$100k00000
Number of volunteers00000
Number of highly compensated contractors0000 
Personnel
Clark, Rebecca
Title    VP
Name of key/compensated person    REBECCA CLARK
Position of compensated person
Current individual trustee or director    True
Current officer    True
Average hours per week working for org    1.00
Reportable compensation from org    $0.00
Breakdown of reportable comp
Base reportable compensation from org    $0.00
Bonus and incentive reportable compensation    $0.00
Other reportable compensation from org    $0.00
Retirement and other deferred compensation    $0.00
Nontaxable benefits from org    $0.00
Compensation from org previously reported as deferred    $0.00
Other comp, non-reportable, from org and related orgs    $26,910.00
Sum of all compensation from org    $0.00
Corresponding comp from related orgs
Reportable compensation from related orgs     $125,309.00
Average hours per week working for related orgs    39.00
Earley, Thomas
Title  VICE PRESIDENT - PART YEAR  
Name of key/compensated person  THOMAS EARLEY  
Position of compensated person
Current individual trustee or director  True  
Current officer  True  
Average hours per week working for org  1.00  
Reportable compensation from org  $0.00  
Other comp, non-reportable, from org and related orgs  $4,751.00  
Corresponding comp from related orgs
Reportable compensation from related orgs   $17,715.00  
Average hours per week working for related orgs  39.00  
Earley, Tom
Title   VP 
Name of key/compensated person   TOM EARLEY 
Position of compensated person
Current individual trustee or director   True 
Current officer   True 
Average hours per week working for org   1.00 
Reportable compensation from org   $0.00 
Breakdown of reportable comp
Base reportable compensation from org   $0.00 
Bonus and incentive reportable compensation   $0.00 
Other reportable compensation from org   $0.00 
Retirement and other deferred compensation   $0.00 
Nontaxable benefits from org   $0.00 
Compensation from org previously reported as deferred   $0.00 
Other comp, non-reportable, from org and related orgs   $41,217.00 
Sum of all compensation from org   $0.00 
Corresponding comp from related orgs
Reportable compensation from related orgs    $224,058.00 
Average hours per week working for related orgs   39.00 
Hlebasko, Rebecca
TitleVICE PRESIDENT/asst sectyVICE PRESIDENTVICE PRESIDENTVPVP
Name of key/compensated personrebecca hlebaskorebecca hlebaskoREBECCA HLEBASKOREBECCA HLEBASKOREBECCA HLEBASKO
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Current officerTrueTrueTrueTrueTrue
Average hours per week working for org1.001.001.002.502.50
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Breakdown of reportable comp
Base reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Bonus and incentive reportable compensation$0.00$0.00$0.00$0.00$0.00
Other reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Retirement and other deferred compensation$0.00$0.00$0.00$0.00$0.00
Nontaxable benefits from org$0.00$0.00$0.00$0.00$0.00
Compensation from org previously reported as deferred$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$95,904.00$93,545.00$179,987.00$144,494.00$66,136.00
Sum of all compensation from org$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $308,899.00$287,188.00$270,556.00$232,540.00$236,986.00
Average hours per week working for related orgs39.0039.0039.0037.5037.50
Johnson, Susan
TitleVICE PRESIDENT/SECRETARYVICE PRESIDENT/SECRETARYVICE PRESIDENT/SECRETARYVP/SECRETARYVP/SECRETARY
Name of key/compensated personsusan Johnsonsusan JohnsonSUSAN JOHNSONSUSAN M JOHNSONSUSAN M JOHNSON
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Current officerTrueTrueTrueTrueTrue
Average hours per week working for org1.001.001.002.502.50
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Breakdown of reportable comp
Base reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Bonus and incentive reportable compensation$0.00$0.00$0.00$0.00$0.00
Other reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Retirement and other deferred compensation$0.00$0.00$0.00$0.00$0.00
Nontaxable benefits from org$0.00$0.00$0.00$0.00$0.00
Compensation from org previously reported as deferred$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$55,594.00$51,508.00$47,165.00$30,471.00$30,216.00
Sum of all compensation from org$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $310,654.00$289,244.00$265,528.00$254,005.00$257,376.00
Average hours per week working for related orgs39.0039.0039.0037.5037.50
McKay, Kimberly
TitleVICE PRESIDENTVICE PRESIDENTVICE PRESIDENTVPVP
Name of key/compensated personKimberly McKayKimberly McKayKIMBERLY MCKAYKIMBERLY A MCKAYKIMBERLY A MCKAY
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Current officerTrueTrueTrueTrueTrue
Average hours per week working for org1.001.001.001.001.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Breakdown of reportable comp
Base reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Bonus and incentive reportable compensation$0.00$0.00$0.00$0.00$0.00
Other reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Retirement and other deferred compensation$0.00$0.00$0.00$0.00$0.00
Nontaxable benefits from org$0.00$0.00$0.00$0.00$0.00
Compensation from org previously reported as deferred$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$98,970.00$80,881.00$79,424.00$43,481.00$54,412.00
Sum of all compensation from org$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $315,487.00$292,611.00$271,419.00$248,332.00$228,315.00
Average hours per week working for related orgs39.0039.0039.0039.0039.00
Parker, Cynthia
Titlepresident/ceopresidentPRESIDENTPRESIDENTPRESIDENT
Name of key/compensated personCYnthia parkerCYnthia parkerCYNTHIA PARKERCYNTHIA PARKERCYNTHIA PARKER
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Current officerTrueTrueTrueTrueTrue
Average hours per week working for org1.001.001.001.001.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Breakdown of reportable comp
Base reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Bonus and incentive reportable compensation$0.00$0.00$0.00$0.00$0.00
Other reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Retirement and other deferred compensation$0.00$0.00$0.00$0.00$0.00
Nontaxable benefits from org$0.00$0.00$0.00$0.00$0.00
Compensation from org previously reported as deferred$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$76,345.00$87,909.00$97,969.00$55,092.00$66,012.00
Sum of all compensation from org$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $666,773.00$660,454.00$472,573.00$449,322.00$427,785.00
Average hours per week working for related orgs39.0039.0039.0039.0039.00
Silverberg, Ann
TitleVICE PRESIDENTVICE PRESIDENTVICE PRESIDENT  
Name of key/compensated personANN SILVERBERGANN SILVERBERGANN SILVERBERG  
Position of compensated person
Current individual trustee or directorTrueTrueTrue  
Current officerTrueTrueTrue  
Average hours per week working for org1.001.001.00  
Reportable compensation from org$0.00$0.00$0.00  
Breakdown of reportable comp
Base reportable compensation from org$0.00$0.00$0.00  
Bonus and incentive reportable compensation$0.00$0.00$0.00  
Other reportable compensation from org$0.00$0.00$0.00  
Retirement and other deferred compensation$0.00$0.00$0.00  
Nontaxable benefits from org$0.00$0.00$0.00  
Compensation from org previously reported as deferred$0.00$0.00$0.00  
Other comp, non-reportable, from org and related orgs$42,142.00$27,412.00$22,222.00  
Sum of all compensation from org$0.00$0.00$0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs $286,513.00$263,210.00$240,244.00  
Average hours per week working for related orgs39.0039.0039.00  
Valentine, D
TitleVICE PRESIDENT/CFOVICE PRESIDENT/CFOVICE PRESIDENT/CFOVP/CFOVP/CFO
Name of key/compensated persond valentined valentineD VALENTINED KEMP VALENTINED KEMP VALENTINE
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Current officerTrueTrueTrueTrueTrue
Average hours per week working for org1.001.001.002.502.50
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Breakdown of reportable comp
Base reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Bonus and incentive reportable compensation$0.00$0.00$0.00$0.00$0.00
Other reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Retirement and other deferred compensation$0.00$0.00$0.00$0.00$0.00
Nontaxable benefits from org$0.00$0.00$0.00$0.00$0.00
Compensation from org previously reported as deferred$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$97,291.00$87,507.00$68,821.00$46,333.00$40,928.00
Sum of all compensation from org$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $307,042.00$269,946.00$258,806.00$242,278.00$246,032.00
Average hours per week working for related orgs39.0039.0039.0037.5037.50
Purpose: mission, activities, & accomplishments
Mission or significant activitiesMISSION: THIS ORGANIZATION FURTHERS THE EXEMPT PURPOSES OF BRIDGE HOUSING CORPORATION (BRIDGE) BY PROVIDING LOW INCOME HOUSING. BRIDGE STRENGTHENS COMMUNITIES BY DEVELOPING, OWNING AND MANAGING HIGH-QUALITY, AFFORDABLE HOMES FOR WORKING FAMILIES AND SENIORS.VISION:* BRIDGE STRENGTHENS COMMUNITIES AND CREATES OPPORTUNITIES FOR WORKING FAMILIES AND SENIORS, BEGINNING BUT NOT ENDING WITH HOUSING.* BRIDGE IS A LEADER AND INNOVATOR IN THE MISSION-DRIVEN BUSINESS OF EFFECTIVE PRODUCTION, OPERATION AND OWNERSHIP OF AFFORDABLE AND MIXED-INCOME HOUSING.* BRIDGE EARNS THE HIGHEST DEGREE OF CUSTOMER SATISFACTION FROM ALL STAKEHOLDERS, INCLUDING RESIDENTS, NEIGHBORS, INVESTORS, TAXPAYERS, PRIVATE- AND PUBLIC-SECTOR PARTNERS, AND EMPLOYEES.* BRIDGE IS THE GO-TO DEVELOPER AND OWNER FOR PUBLIC OFFICIALS, INVESTORS AND COMMUNITIES SEEKING AN ARRAY OF HOUSING SOLUTIONS, AND IT DELIVERS RESULTS.MISSION: THIS ORGANIZATION FURTHERS THE EXEMPT PURPOSES OF BRIDGE HOUSING CORPORATION (BRIDGE) BY PROVIDING LOW INCOME HOUSING. BRIDGE STRENGTHENS COMMUNITIES BY DEVELOPING, OWNING AND MANAGING HIGH-QUALITY, AFFORDABLE HOMES FOR WORKING FAMILIES AND SENIORS.VISION:* BRIDGE STRENGTHENS COMMUNITIES AND CREATES OPPORTUNITIES FOR WORKING FAMILIES AND SENIORS, BEGINNING BUT NOT ENDING WITH HOUSING.* BRIDGE IS A LEADER AND INNOVATOR IN THE MISSION-DRIVEN BUSINESS OF EFFECTIVE PRODUCTION, OPERATION AND OWNERSHIP OF AFFORDABLE AND MIXED-INCOME HOUSING.* BRIDGE EARNS THE HIGHEST DEGREE OF CUSTOMER SATISFACTION FROM ALL STAKEHOLDERS, INCLUDING RESIDENTS, NEIGHBORS, INVESTORS, TAXPAYERS, PRIVATE- AND PUBLIC-SECTOR PARTNERS, AND EMPLOYEES.* BRIDGE IS THE GO-TO DEVELOPER AND OWNER FOR PUBLIC OFFICIALS, INVESTORS AND COMMUNITIES SEEKING AN ARRAY OF HOUSING SOLUTIONS, AND IT DELIVERS RESULTS.MISSION: THIS ORGANIZATION FURTHERS THE EXEMPT PURPOSES OF BRIDGE HOUSING CORPORATION (BRIDGE) BY PROVIDING LOW INCOME HOUSING. BRIDGE STRENGTHENS COMMUNITIES BY DEVELOPING, OWNING AND MANAGING HIGH-QUALITY, AFFORDABLE HOMES FOR WORKING FAMILIES AND SENIORS.VISION:* BRIDGE STRENGTHENS COMMUNITIES AND CREATES OPPORTUNITIES FOR WORKING FAMILIES AND SENIORS, BEGINNING BUT NOT ENDING WITH HOUSING.* BRIDGE IS A LEADER AND INNOVATOR IN THE MISSION-DRIVEN BUSINESS OF EFFECTIVE PRODUCTION, OPERATION AND OWNERSHIP OF AFFORDABLE AND MIXED-INCOME HOUSING.* BRIDGE EARNS THE HIGHEST DEGREE OF CUSTOMER SATISFACTION FROM ALL STAKEHOLDERS, INCLUDING RESIDENTS, NEIGHBORS, INVESTORS, TAXPAYERS, PRIVATE- AND PUBLIC-SECTOR PARTNERS, AND EMPLOYEES.* BRIDGE IS THE GO-TO DEVELOPER AND OWNER FOR PUBLIC OFFICIALS, INVESTORS AND COMMUNITIES SEEKING AN ARRAY OF HOUSING SOLUTIONS, AND IT DELIVERS RESULTS.SUCCESSFULLY OPERATED A SENIOR AFFORDABLE HOUSING PROPERTY. CONTINUED TO SUPPLY SUPPORT TO BRIDGE HOUSING CORPORATION. BRIDGE HOUSING CORPORATION CREATES HIGH-QUALITY, AFFORDABLE HOMES FOR WORKING FAMILIES AND SENIORS. WITH OVER 14,000 HOMES PLACED IN SERVICE AND OVER 4,900 UNITS CURRENTLY IN PROGRESS, BRIDGE IS AMONG THE LARGEST AFFORDABLE HOUSING DEVELOPERS IN CALIFORNIA. BRIDGE BUILDS A RANGE OF HOUSING TYPES THAT NOT ONLY FIT COMFORTABLY INTO THEIR SURROUNDINGS BUT ALSO ACT AS THE CATALYST FOR REVITALIZING AND STRENGTHENING NEIGHBORHOODS.SUCCESSFULLY OPERATED A SENIOR AFFORDABLE HOUSING PROPERTY. CONTINUED TO SUPPLY SUPPORT TO BRIDGE HOUSING CORPORATION. BRIDGE HOUSING CORPORATION CREATES HIGH-QUALITY, AFFORDABLE HOMES FOR WORKING FAMILIES AND SENIORS. WITH OVER 12,500 HOMES PLACED IN SERVICE AND OVER 3,500 UNITS CURRENTLY IN PROGRESS, BRIDGE IS AMONG THE LARGEST AFFORDABLE HOUSING DEVELOPERS IN CALIFORNIA. BRIDGE BUILDS A RANGE OF HOUSING TYPES THAT NOT ONLY FIT COMFORTABLY INTO THEIR SURROUNDINGS BUT ALSO ACT AS THE CATALYST FOR REVITALIZING AND STRENGTHENING NEIGHBORHOODS.
Program service expenses, total$657,589.00$585,858.00$549,295.00$560,051.00$541,426.00
Programs, including revenue & expenses
THE ORGANIZATION OWNS AND OPERATES AN AFFORDABLE HOUSING PROJECT FOR SENIOR CITIZENS.
Program expenses$657,589.00$585,858.00$549,295.00$560,051.00$541,426.00
Program revenue$157,714.00$158,836.00$154,315.00$132,571.00$133,606.00
Program descriptionTHE ORGANIZATION OWNS AND OPERATES AN AFFORDABLE HOUSING PROJECT FOR SENIOR CITIZENS.THE ORGANIZATION OWNS AND OPERATES AN AFFORDABLE HOUSING PROJECT FOR SENIOR CITIZENS.THE ORGANIZATION OWNS AND OPERATES AN AFFORDABLE HOUSING PROJECT FOR SENIOR CITIZENS.THE ORGANIZATION OWNS AND OPERATES AN AFFORDABLE HOUSING PROJECT FOR SENIOR CITIZENS.THE ORGANIZATION OWNS AND OPERATES AN AFFORDABLE HOUSING PROJECT FOR SENIOR CITIZENS.
Financial data
Revenue
Total revenue$364,958.00$367,804.00$333,365.00$323,162.00$315,081.00
Revenue from contributions (total)$206,424.00$208,256.00$178,393.00$189,990.00$179,713.00
Investment income, current yr$820.00$712.00$657.00-$4,706.00$1,762.00
Total revenue from grants, etc., current yr$206,424.00$208,256.00$178,393.00$189,990.00$179,713.00
Total unrelated business revenue$0.00$0.00$0.00$0.00$0.00
Other revenue, current yr$0.00$0.00$0.00$0.00$0.00
Net unrelated business taxable revenue$0.00$0.00$0.00$0.00$0.00
Program service revenue (total)$157,714.00$158,836.00$154,315.00$137,878.00$133,606.00
Gross receipts$364,958.00$367,804.00$333,365.00$328,469.00$315,081.00
Sources of contributions
Revenue from gov't grants$206,424.00$208,256.00$178,393.00$189,990.00$179,713.00
Other types of revenue
Income from dividends, interest, and similar investments$820.00$712.00$657.00$601.00$1,762.00
Net rental income $0.00$0.00$0.00$0.00
Expense categories (totals)
Total functional expenses: sum of all$669,949.00$598,230.00$562,355.00$573,111.00$553,156.00
Total functional expenses: program service $657,589.00$585,858.00$549,295.00$560,051.00$541,426.00
Total functional expenses: management and general$12,360.00$12,372.00$13,060.00$13,060.00$11,730.00
Total functional expenses: fundraising$0.00$0.00$0.00$0.00$0.00
Fees for services
Legal fees (total)$6,883.00$163.00$8.00$5.00 
Fundraising service fees (total)$0.00$0.00$0.00$0.00$0.00
General management fees (total)$28,800.00$28,800.00$28,800.00$28,800.00 
Investment management fees (total)    $28,800.00
Assets and liabilities
Total assets$5,177,170.00$5,323,374.00$5,450,339.00$5,573,553.00$5,717,137.00
Total assets, beginning of year$5,323,374.00$5,450,339.00$5,573,553.00$5,717,137.00$5,885,503.00
Total liabilities$5,066,544.00$4,907,757.00$4,804,296.00$4,698,520.00$4,592,155.00
Total liabilities, beginning of year$4,907,757.00$4,804,296.00$4,698,520.00$4,592,155.00$4,522,446.00
Unrestricted net assets, end of yr$110,626.00$415,617.00$646,043.00$875,033.00$1,124,982.00
Net assets$110,626.00$415,617.00$646,043.00$875,033.00$1,124,982.00
Net assets, beginning of year$415,617.00$646,043.00$875,033.00$1,124,982.00$1,363,057.00
Other liabilities$49,187.00$1,475,827.00$1,371,854.00$1,269,007.00$1,166,636.00
Intangible assets$29,429.00$30,128.00$30,827.00  
Other assets$373,375.00$320,335.00$11,985.00$45,889.00$43,469.00
Cash: non-interest bearing$5,451.00$100.00$100.00$100.00$100.00
Cash: non-interest bearing, beginning of year$40,924.00$100.00$100.00$100.00$100.00
Other financial variables
Revenue less expenses-$304,991.00-$230,426.00-$228,990.00-$249,949.00-$238,075.00
Advertising (total) $65.00$362.00$318.00 
Savings & temp cash investment $40,824.00$302,696.00$252,222.00$228,017.00
Accounts receivable, net$1,971.00$919.00$1,487.00$320.00$2,072.00
Prepaid expenses & deferred charges$1,459.00$1,225.00$1,195.00$767.00$720.00
Accounts payable & accrued expenses$31,317.00$10,992.00$11,389.00$8,741.00$5,313.00
Deferred revenue$1,018.00$774.00$889.00$608.00$42.00
Secured mortgages and notes payable$4,985,022.00$3,420,164.00$3,420,164.00$3,420,164.00$3,420,164.00
Total net assets or fund balances$110,626.00$415,617.00$646,043.00$875,033.00$1,124,982.00
Depreciation, depletion, amortization$173,093.00$172,905.00$172,905.00$172,710.00$172,644.00
Governance and accountability
Number of voting members66665
Number of independent voting members00000
Financial sheets auditedTrueTrueTrueTrueTrue
Audited on both consolidated and separate basisTrueTrueTrueTrueTrue
Accrual accountingTrueTrueTrueTrueTrue
Tax year start date2016-01-012015-01-012014-01-012013-01-012012-01-01
Tax year end date2016-12-012015-12-012014-12-012013-12-012012-12-01
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990990990990990
Reason for form submission
Address change   True 
Date e-filing submitted2017-12-282017-04-122016-01-222014-11-242013-12-21
IRS schema version2016v3.02015v2.12014v5.02013v3.02012v2.1
Filing identifier201713149349304351201643209349306384201513179349309966201443039349301364201323169349302497
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