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Bridgewell

Peabody, MA · EIN 04-2296940 · 501(c)(3) · Publicly supported organization (509(a)(2))
Latest filing: Form 990 for the fiscal year ending June 30, 2025 (tax year 2024) · View the filing · Correct or respond

Bridgewell reported $102.6 million in revenue and $95.8 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $89.44 went to program services, $10.02 to management and general costs and $0.54 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 99.1% of the total. The highest compensation it reported for one person was $337,647 (CEO). 57 people received more than $100,000 in reportable compensation. Revenue rose 31% between FY2020 and FY2025. Source: Form 990, FY2025.

Where $100 of spending went

The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $96M

For context, the median across 2,433 covered unclassified charities: $88.27 programs, $11.68 management, $0.05 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $103M

The 990 scorecard · same measures for every charity, no grades

FY2025 filing. Median across 2,433 covered charities in this category, from their latest filings.
MeasureFY2025Median
Program services
Part IX 25(B) ÷ 25(A)
89.4%86.7%
Management & general
Part IX 25(C) ÷ 25(A)
10.0%11.5%
Fundraising
Part IX 25(D) ÷ 25(A)
0.5%0.0%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$1.72$0.01
Contributions & grants share of revenue
Part VIII 1h ÷ 12
0.3%29.9%
Government grants share of revenue
Part VIII 1e ÷ 12
0.0%3.8%
Program service revenue share
Part VIII 2g ÷ 12
99.1%58.9%
Highest reported compensation
Part VII-A, columns D–F
$337,647$301,601
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
0.35%1.38%
People paid over $100,000
Part VII, line 2
576
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
2.36.8
Independent voting board members
Part VI 1a–1b
13 of 13100.0%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

FY2025 · Form 990, Part III · the three largest programs by expense
$55M expenses · 64.7% of program spending · revenue $65M

Residential services- provides support to individuals with developmental and physical disabilities. The core purpose is assissting the people to lead and direct their own lives

$8.8M expenses · 10.2% of program spending · revenue $14M

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

$8.4M expenses · 9.9% of program spending · revenue $8.8M

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

$13M all other programs (line 4d)

Highest reported compensation

FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
CEO
Officer, 40.00 hrs/week
$307,904$0$29,743$337,647
PSYCHIATRIST
Highest compensated employee, 40.00 hrs/week
$259,177$0$2,396$261,573
CHIEF FINANCIAL OFFICER
Officer, 40.00 hrs/week
$216,109$0$32,883$248,992
CHIEF OPERATIONAL OFFICER
Officer, 40.00 hrs/week
$186,336$0$32,906$219,242
NURSE PRACTITIONER
Highest compensated employee, 40.00 hrs/week
$176,453$0$27,754$204,207
CHIEF HUMAN RESOURCES OFFICER
Highest compensated employee, 40.00 hrs/week
$165,920$0$31,383$197,303
FFS CLINICIAN
Highest compensated employee, 40.00 hrs/week
$155,189$0$27,719$182,908
NURSE PRACTITIONER
Highest compensated employee, 40.00 hrs/week
$169,461$0$12,396$181,857

57 people received more than $100,000 in reportable compensation from Bridgewell (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.6M (Part IX, line 5).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$50M$100M$150M$200MFY2020FY2021FY2022FY2023FY2024FY2025$103M$96M
FilingRevenueExpensesProgramsNet assetsTop pay
FY2025 ⓘ$103M$96M89.4%$19M$337,647
FY2024 ⓘ$87M$90M89.6%$13M$321,409
FY2023 ⓘ$83M$83M87.7%$16M$318,273
FY2022 ⓘ$90M$83M90.1%$15M$306,702
FY2021 ⓘ$76M$75M88.4%$5.6M$302,933
FY2020 ⓘ$78M$78M90.2%$3.1M$281,419

Governance answers, as filed

FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means
  • Voting board members, and how many are independent Part VI, lines 1a–1b13 · 13 independent
  • Audited financial statements Part XII 2bYes
  • Conflict-of-interest policy Part VI 12aYes
  • Whistleblower policy Part VI 13Yes
  • Document retention policy Part VI 14Yes
  • Independent process for top executive pay Part VI 15aYes
  • Board given the 990 before filing Part VI 11aYes
  • Family or business ties among insiders Part VI 2No
  • Aware of a significant diversion of assets Part VI 5No
  • Excess benefit transaction with an insider Part IV 25aNo
  • Loans to or from insiders outstanding Part IV 26No
  • Lobbying, or a 501(h) election in effect Part IV 4No
  • Over $15,000 of professional fundraising services Part IV 18No
  • Over $10,000 of activity outside the U.S. Part IV 14bNo
  • Employees Part I, line 51,341
  • Volunteers Part I, line 630

Largest outside contractors

FY2025 · Form 990, Part VII, Section B · businesses only
BRIGHT CARE STAFFING LLC
Staffing
$844,939
SAVENS HOMECARE LLC
Staffing
$815,900
ALL STAFF LLC
Staffing
$746,220
LOCUMTENENSCOM
Staffing
$402,840
STEFANO'S LANDSCAPING INC
Landscaping
$204,232

Individuals listed as contractors are left out. 11 contractors were paid more than $100,000 in all.

Private foundation grants it received

8 private foundations reported grants to Bridgewell totaling $108K on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.

Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.

Correct a figure or respond

Every number above is copied from Bridgewell's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Bridgewell, you can publish a response that is linked from this page.

Similar-sized charities in this cause

All unclassified charities · Largest charities in Massachusetts

Questions people ask

How much of Bridgewell's spending goes to programs?

In the fiscal year ending June 30, 2025, Bridgewell reported that 89.4% of its $95.8 million in expenses went to program services, 10.0% to management and general and 0.5% to fundraising (Form 990, Part IX).

How much does Bridgewell pay its top executive?

The largest total compensation Bridgewell reported for one person in the fiscal year ending June 30, 2025 was $337,647, for the role of CEO (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Bridgewell get its money?

Of $102.6 million in revenue in the fiscal year ending June 30, 2025, 0.3% came from contributions and grants and 99.1% from program service revenue (Form 990, Part VIII).

Is Bridgewell a registered charity?

The IRS lists EIN 04-2296940 as a 501(c)(3) organization (publicly supported organization (509(a)(2))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202631319349301643 · read the filing
  • FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202511329349302106 · read the filing
  • FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202401309349304000 · read the filing
  • FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202341329349303829 · read the filing
  • FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202211319349305661 · read the filing
  • FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202121279349301992 · read the filing

All filings for EIN 04-2296940: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.