Bridgewell Incorporated
501(c)(3) Donations tax-deductible
90% goes to programs $266 to raise $100 Growing revenue
Bridgewell Incorporated is a 501(c)(3) organization based in Peabody, Massachusetts, registered in 1971, with $87,483,730 in FY2023 revenue. CharityIndex grades it A, and it directs about 90% of spending to programs.
10 Dearborn Road, Peabody, MA, 01960 EIN 04-2296940 Since 1971
Revenue (FY2023)
$87.5M
▲ 5.7% vs prior year
Expenses (FY2023)
$89.8M
Net assets
$13.3M
Employees
1,342
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating90% to programs · $266 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Bridgewell Incorporated: 90% to programs · $266 to raise $100 earns a A on this criterion. See the exact thresholds →
BFinancial health25% of the rating2 mo reserves · -3% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Bridgewell Incorporated: 2 mo reserves · -3% margin earns a B on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Bridgewell Incorporated: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Bridgewell Incorporated: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Bridgewell inspires hope and empowers people experiencing life challenges to achieve their fullest potential.
What they do
Developmental disabilities day services- provides education, training, and expressive therapy for individuals with developmental and physical disabilities in order to teach coping, communication and life skills.
Outpatient services- provides diagnostic assessments, individual, family and group phychotherapy, medication management, psychiatric day treatment, and psychiatric emergency coordination for bridgewell and community residents.
Affordable housing- the affordable housing division provides safe and affordable housing in lowell and lynn for individuals with disabilities, the homeless and individuals with a dual diagnosis.community service- provides transportation, recreation services.mental health day services- provides educational, training and expressive therapy for individuals with psychiatric disabilities in order to teach coping, communication and life skills.mental health residential services- provides support to individuals with psychiatric disabilities. the core purpose is assessing people to lead and direct their own lives.
Contact & location
- Address
- 10 Dearborn Road, Peabody, MA, 01960
- City
- Peabody
- State
- Massachusetts
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $52.8M (FY2013) to $87.5M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $49.9MNet assets $13.3M
Operating margin
-2.6%
Spent more than it raised in the latest fiscal year.
Total assets
$63.2M
Total liabilities
$49.9M
Net assets
$13.3M
Salaries & benefits
$64.7M
72% of expenses
Board members
14
14 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $87,483,730▲5.7% | $89,755,339▲8.1% | $13,250,428▼14.9% | $63,169,844▼7.0% | 990 |
| 2022 | $82,767,222▼8.0% | $83,054,697 | $15,568,226▲5.8% | $67,948,883▲19.4% | 990 |
| 2021 | $89,929,302▲18.4% | $83,049,845▲11.4% | $14,708,784▲161% | $56,894,392▼5.9% | 990 |
| 2020 | $75,964,965▼2.8% | $74,558,025▼5.0% | $5,639,667▲83.0% | $60,454,172▲42.9% | 990 |
| 2019 | $78,151,123▲3.6% | $78,465,498▲3.6% | $3,082,071▼38.8% | $42,302,798▲2.3% | 990 |
| 2018 | $75,442,648▲5.3% | $75,717,080▲6.4% | $5,034,531▼26.8% | $41,356,301▼7.2% | 990 |
| 2017 | $71,678,559▲2.9% | $71,148,624▲4.2% | $6,873,114▲49.7% | $44,569,616▲0.6% | 990 |
| 2016 | $69,630,906▲7.9% | $68,292,822▲6.0% | $4,591,912▲2.8% | $44,295,205▲7.0% | 990 |
| 2015 | $64,554,600▲7.3% | $64,452,848▲7.6% | $4,465,900▲2.3% | $41,401,854▲10.8% | 990 |
| 2014 | $60,177,668▲13.9% | $59,905,329▲14.2% | $4,364,148▲6.7% | $37,372,261▲4.7% | 990 |
| 2013 | $52,814,580 | $52,467,638▲11.7% | $4,091,809▲2.3% | $35,680,151▲8.4% | 990 |
| 2012 | — | $46,971,534▲7.1% | $3,998,590▲10.9% | $32,913,161▲0.4% | 990 |
| 2011 | — | $43,850,101▲5.7% | $3,605,121▲46.9% | $32,797,250▲3.7% | 990 |
| 2010 | — | $41,501,189▲4.9% | $2,454,693▲34.9% | $31,639,769▼2.9% | 990 |
| 2009 | — | $39,569,438 | $1,819,108 | $32,580,445 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Christopher Tuttle — $293,233 (0.33% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Christopher Tuttle | President & Ceo | 40 | $293,233 |
| Ricardo Dancel | Psychiatrist | 40 | $257,660 |
| Kenneth Halkin | Chief Financial Officer | 40 | $208,411 |
| Elaine White | Chief Operational Officer | 40 | $184,629 |
| Elizabeth Mccusker-hunt | Nurse Practitioner | 40 | $171,199 |
| Niovi Gkolemi | Chief Human Resources Officer | 40 | $161,986 |
| Yakaira Rigueiro | Ffs Clinician | 40 | $159,835 |
| Jeremy Bookman | Clinical Lead Nurse Practitioner | 40 | $154,002 |
| Kristin Amos-guido | Executive Assistant | 40 | $79,221 |
| Cecilie Gromada | Director | 1 | — |
| Christpher Vaccaro | Board Vice Chair (also Sub Director) | 1 | — |
| Hannah Amoah | Director (also Sub Director) | 1 | — |
| Jane Puffer | Director (also Sub Director) | 1 | — |
| Jeffery Roy | Director | 1 | — |
| John Drake | Director | 1 | — |
| Karl-henry Francois | Director | 1 | — |
| Kerry Ann Hayon | Board Chair | 1 | — |
| Lesle Smoot | Director | 1 | — |
| Maureen O'connell | Director | 1 | — |
| Peter Sheckman | Director | 1 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Rmon Networks Inc | It | $943,806 |
| Progress Healthcare | Staffing | $898,414 |
| Reliable Healthcare Systems | Staffing | $743,852 |
| All Staff Inc | Staffing | $717,208 |
| Lancelot Janitorial & Paper | Cleaning and Cleaning Supplies | $451,860 |
Grants received · $387K total
8 grants to Bridgewell Incorporated totaling $387K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $58,950 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2022 | $56,050 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $81,050 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $81,050 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2020 | $25,750 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2019 | $26,100 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2018 | $40,950 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2016 | $17,200 |
Frequently asked questions
- Is Bridgewell Incorporated a legitimate nonprofit?
- Yes. Bridgewell Incorporated is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 04-2296940, based in Peabody, Massachusetts. Donations are tax-deductible.
- What is Bridgewell Incorporated's EIN?
- Bridgewell Incorporated's Employer Identification Number (EIN) is 04-2296940.
- How much revenue does Bridgewell Incorporated report?
- Bridgewell Incorporated reported $87,483,730 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Bridgewell Incorporated's spending goes to programs?
- Bridgewell Incorporated spends about 90% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Bridgewell Incorporated have?
- CharityIndex grades Bridgewell Incorporated A, based on program efficiency and fundraising cost.
- How much does Bridgewell Incorporated's highest-paid employee make?
- The highest reported compensation on Bridgewell Incorporated's latest Form 990 is $293,233, paid to Christopher Tuttle (President & Ceo).
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Explore more
Data for Bridgewell Incorporated (EIN 04-2296940) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.