2016-02-15T00:00:00-06:00 2015-09-30 251408703 SCHNEIDER DOWNS & CO INC ONE PPG PLACE SUITE 1700 PITTSBURGH PA 15222 990 2014-10-01 251635121 BRIDGEWAY CAPITAL INC BRID 4122012450 707 GRANT STREET NO 1920 PITTSBURGH PA 15219 MARK PETERSON PRESIDENT 4122012450 2016-02-15 1 EUGENE J LOGAN P00227231 4122613644 2014 2016-08-17 19:52:53Z X MARK PETERSON 707 GRANT STREET NO 1920 PITTSBURGH PA 15219 13659828 0 X WWW.BRIDGEWAYCAPITAL.ORG X 1990 PA BRIDGEWAY CAPITAL WORKS TO MAKE WESTERN PENNSYLVANIA A THRIVING REGION FOR ALL BY PROMOTING ECONOMIC OPPORTUNITY AND COMMUNITY REVITALIZATION. BRIDGEWAY CAPITAL ASSISTS UNDERSERVED POPULATIONS BY PROVIDING CAPITAL AND EDUCATION TO IGNITE BUSINESS AND JOB GROWTH, DEVELOP COMMUNITIES, SUPPORT ENTREPRENEURS AND EXPAND VITAL SERVICES THAT STRENGTHEN OUR REGION. 17 15 37 16 5625 -2415 7326936 6102082 2074098 2662981 436015 58306 2750 5625 9839799 8828994 318499 424521 0 0 2330866 2648303 0 0 156300 3111208 2626477 5760573 5699301 4079226 3129693 54490742 61038587 26549085 30344206 27941657 30694381 X SEE SCHEDULE OBRIDGEWAY CAPITAL WORKS TO MAKE WESTERN PENNSYLVANIA A THRIVING REGION FOR ALL BY PROMOTING ECONOMIC OPPORTUNITY AND COMMUNITY REVITALIZATION. BRIDGEWAY CAPITAL ASSISTS UNDERSERVED POPULATIONS BY PROVIDING CAPITAL AND EDUCATION TO IGNITE BUSINESS AND JOB GROWTH, DEVELOP COMMUNITIES, SUPPORT ENTREPRENEURS AND EXPAND VITAL SERVICES THAT STRENGTHEN OUR REGION. 0 0 3954588 424521 2662981 LENDING BY BRIDGEWAY CAPITAL BENEFITED LOW-INCOME PEOPLE AND ASSISTED IN THE FORMATION AND GROWTH OF SMALL BUSINESSES AND NONPROFIT ORGANIZATIONS IN LOW- TO MODERATE-INCOME COMMUNITIES ACROSS 15 COUNTIES IN WESTERN PENNSYLVANIA. 113 BORROWERS RECEIVED LOANS TOTALING $20,900,000, WHICH LEVERAGED OVER $65 MILLION IN ADDITIONAL FINANCING. BORROWERS RANGED FROM ENTREPRENEURS STARTING THEIR FIRST BUSINESS TO ESTABLISHED BUSINESSES EXPANDING OPERATIONS AND DEVELOPING THEIR JOB BASE, TO NON-PROFITS PROVIDING CRITICAL SOCIAL SERVICES AND ORGANIZATIONS FOCUSED ON REVITALIZING DISTRESSED COMMUNITIES. THE ECONOMIC IMPACT OF THIS LENDING HAS HELPED CREATE 150 JOBS THIS YEAR. 304635 BRIDGEWAY CAPITAL EDUCATED AND ASSISTED CURRENT AND POTENTIAL BORROWERS WITH 2,600 HOURS OF ONE-ON-ONE BUSINESS SKILL ASSESSMENTS AND COACHING, TUITION ASSISTANCE FOR INSTRUCTIONAL AND MANAGEMENT SKILLS DEVELOPMENT PROGRAMS, AND OTHER FORMS OF ASSISTANCE TO HELP THEM MANAGE AND GROW THEIR BUSINESSES. THE EDUCATION HAS HELPED TO IMPROVE BORROWERS' FINANCIAL MANAGEMENT, BUSINESS STRATEGY, AND OTHER BUSINESS OPERATIONS, AND HAS CONTRIBUTED TO THE ECONOMIC DEVELOPMENT OF WESTERN PENNSYLVANIA. BRIDGEWAY CAPITAL ALSO CONTINUED TO PROVIDE PROFESSIONAL REAL ESTATE CONSULTING SERVICES, FREE OF CHARGE, TO NONPROFIT ORGANIZATIONS SEEKING ADVICE REGARDING THEIR FACILITY NEEDS AND CHALLENGES. 4259223 1 1 0 1 0 0 0 0 1 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 61 0 1 37 1 1 1 0 0 0 0 1 1 0 0 0 0 X 17 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 PA X MARK PETERSON 4122012450 707 GRANT STREET NO 1920 PITTSBURGH PA 15219 DAN ADAMSKI DIRECTOR (ENTERED 01/2015) 0.50 0.00 X 0 0 0 KEITH P CRYTZER DIRECTOR (EXITED 04/2015) 0.50 0.00 X 0 0 0 LYNN DAVENPORT DIRECTOR 0.50 0.00 X 0 0 0 LYNNE FLETCHER DIRECTOR (EXITED 04/2015) 0.50 0.00 X 0 0 0 TERRY HAINES DIRECTOR 0.50 0.00 X 0 0 0 ANDREW HAYS DIRECTOR 0.50 0.00 X 0 0 0 THOMAS J KELLY JR DIRECTOR 0.50 0.00 X 0 0 0 BLAINE A LAMPERSKI DIRECTOR 0.50 0.00 X 0 0 0 DENIS MCLAUGHLIN DIRECTOR (ENTERED 09/2015) 0.50 0.00 X 0 0 0 RONA NESBIT DIRECTOR 0.50 0.00 X 0 0 0 CAROL A NEYLAND DIRECTOR 0.50 0.00 X 0 0 0 DIANA RIGGINS DIRECTOR 0.50 0.00 X 0 0 0 RICHARD WITHERSPOON DIRECTOR 0.50 0.00 X 0 0 0 MARK PETERSON PRESIDENT & CEO 38.00 2.00 X X 152188 0 38883 STANLEY J MAHARAM CHAIRPERSON 0.50 0.00 X X 0 0 0 HARRY CLARK PHD VICE CHAIRPERSON (EXITED 04/2015) 0.50 0.00 X X 0 0 0 CHARLES R BROFF VICE CHAIRPERSON (AS OF 04/2015) 0.50 0.00 X X 0 0 0 ROBERT MOOREHEAD SECRETARY 0.50 0.00 X X 0 0 0 SUSAN APEL TREASURER 0.50 0.00 X X 0 0 0 SCOTT LANGILL ASSISTANT SECRETARY(ENTERED 04/2015) 40.00 0.00 X X 83122 0 9402 LISA MACIOCE ASSISTANT SECRETARY (EXITED 11/2014) 39.90 0.10 X X 104428 0 16611 JANE BITTCHER CHIEF LENDING OFFICER 40.00 0.00 X 126064 0 19843 465802 0 84739 3 0 1 0 BUCHANAN INGERSOLL ROONEY PC 301 GRANT ST 20TH FLOOR PITTSBURGH PA 15219 LEGAL 212012 GV REALTY DEVELOPMENT CO 5829 ELLSWORTH AVE 2ND FL PITTSBURGH PA 15232 CONSULTING 120500 2 3037649 3064433 2425064 6102082 LOAN PROGRAM INTEREST 525990 2358542 2358542 LOAN PROGRAM FEES 525990 304439 304439 2662981 313642 313642 4575498 4830834 -255336 -255336 -255336 ADVERTISING 541800 5625 5625 5625 8828994 2662981 5625 58306 424521 424521 534565 181635 338893 14037 1564228 1279127 205150 79951 108383 73968 28536 5879 272891 189779 72552 10560 168236 112917 47031 8288 115343 2265 113078 40682 3647 36769 266 15516 15516 64841 64841 207903 65768 117385 24750 29414 6830 22487 97 56317 33995 20994 1328 80109 46132 31504 2473 149859 108081 35692 6086 75623 63523 11988 112 78946 24 78921 1 910218 904609 5609 28813 20158 7371 1284 26365 18315 6867 1183 ALLOWANCE FOR LOAN LOSS 677532 677532 OTHER LOAN EXPENSE 16692 16588 104 PUBLICATIONS/DUES/SUBSC 14617 3794 10823 37687 26015 11667 5 5699301 4259223 1283778 156300 504580 95831 8202217 5658828 834348 381828 801060 1993540 31136249 39288144 158526 164376 299399 218984 107167 80415 12141718 11462252 131073 248178 473804 1665195 54490742 61038587 237678 430822 1632518 1635090 1497945 1413250 23115500 26787337 65444 77707 26549085 30344206 X 21374266 24021933 6561891 6666948 5500 5500 27941657 30694381 54490742 61038587 X 3129693 -419969 43000 X X 0 1 X 1 1 1 X 5231989 3585147 3064022 7329686 6102082 25312926 1349855 1339927 1482890 2074098 2662981 8909751 6581844 4925074 4546912 9403784 8765063 34222677 2633012 2650000 5599284 2850000 13732296 18312 54331 100325 18349 151804 343121 18312 2687343 2750325 5617633 3001804 14075417 20147260 687568 682136 560421 507540 313642 2751307 687568 682136 560421 507540 313642 2751307 7269412 5607210 5107333 9911324 9078705 36973984 0.54490 0.55140 0.07440 0.09600 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 1 1676 0 1 13840 15516 0 PART II-B, LINE 1: WORK TO STRENGTHEN THE BASE OF SUPPORT FOR THE SMALL BUSINESS ADMINISTRATION'S MICROLOAN PROGRAM IN CONGRESS AND TO DEVELOP AND PRIORITIZE A LIST OF ISSUES TO BE ADDRESSED IN REAUTHORIZING THE SMALL BUSINESS ACT. WORK TO STRENGTHEN THE BASE OF SUPPORT FOR THE PENNSYLVANIA COMMUNITY DEVELOPMENT BANK AND OTHER SOURCES OF FUNDING FOR ACCREDITED COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS SUCH AS BRIDGEWAY CAPITAL. 0 1 X 299399 218984 80415 80415 FAIR VALUE OF INTEREST RATE SWAP 77707 77707 X 8409025 -419969 -419969 8828994 0 8828994 5656301 0 5656301 43000 43000 5699301 PART IV, LINE 2B: BRIDGEWAY CAPITAL (BRIDGEWAY) IS IN POSSESSION OF FUNDS AWARDED FROM SEVERAL LOCAL FOUNDATIONS FOR THE ESTABLISHMENT OF A THIRD-PARTY BOND GUARANTEE PROGRAM FOR MINORITY AND WOMEN-OWNED CONTACTORS. THE CONTRACTS GOVERNING THE PROGRAM HAVE ENDED, AND BRIDGEWAY IS WORKING WITH THE FOUNDATIONS TO DETERMINE THE NEXT STEPS. BRIDGEWAY HAS A CONTRACT WITH THE HILL HOUSE ECONOMIC DEVELOPMENT CORPORATION (HHEDC) FOR BRIDGEWAY TO HOLD FUNDS GRANTED BY THE RICHARD KING MELLON FOUNDATION (RKMF) TO HHEDC FOR USE TOWARDS CONSTRUCTION-RELATED EXPENSES FOR A NEW GROCERY STORE TO SERVE THE LOW INCOME, AFRICAN AMERICAN HILL DISTRICT COMMUNITY. THE HILL DISTRICT HAS BEEN IDENTIFIED AS A "FOOD DESERT". BRIDGEWAY HAS A CONTRACT WITH THE MANCHESTER CITIZENS CORPORATION FOR BRIDGEWAY TO HOLD FUNDS GRANTED BY THE RICHARD KING MELLON FOUNDATION (RKMF) FOR A LOAN THAT HAS BEEN FUNDED. BRIDGEWAY HAS A CONTRACT TO HOLD FUNDS GRANTED BY THE RICHARD KING MELLON FOUNDATION (RKMF) TO MAKE PRE-DEVELOPMENT RECOVERABLE GRANTS TO NON-PROFITS. PART X, LINE 2: THE ORGANIZATION FOLLOWS THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (CODIFICATION OR ASC) TOPIC ON INCOME TAXES, WHICH PRESCRIBES A MINIMUM RECOGNITION THRESHOLD AND MEASUREMENT METHODOLOGY THAT A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN IS REQUIRED TO MEET BEFORE BEING RECOGNIZED IN COMBINED FINANCIAL STATEMENTS. THE ORGANIZATION'S COMBINED STATEMENTS OF FINANCIAL POSITION AT SEPTEMBER 30, 2015 AND 2014 DO NOT INCLUDE ANY LIABILITIES ASSOCIATED WITH UNCERTAIN TAX POSITIONS; FURTHER, THE ORGANIZATION HAS NO UNRECOGNIZED TAX BENEFITS. THE ORGANIZATION WOULD ACCRUE INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE, IF ANY WERE TO BE INCURRED. THE ORGANIZATION IS NO LONGER SUBJECT TO EXAMINATION OF ITS TAX RETURNS FOR YEARS BEFORE 2012. PART XII, LINE 4B - OTHER ADJUSTMENTS: GRANT PREVIOUSLY GIVEN WAS RETURNED BY BLOOMFIELD GARFIELD 43,000. CORPORATION 25-1290469 A 501(C)(3) ORGANIZATION 1 ALLEGHENY RIVER TOWNS 211 GRANT AVENUE MILLVALE PA 15209 562524277 501(C)(3) 48800 FMV COMMUNITY DEVELOPMENT CENTER THAT CARES 2701 CENTRE AVENUE PITTSBURGH PA 15219 251823715 501(C)(3) 32339 FMV COMMUNITY DEVELOPMENT HAZELWOOD INITIATIVE INC 5344 SECOND AVENUE PITTSBURGH PA 15207 251825591 501(C)(3) 50000 FMV COMMUNITY DEVELOPMENT HAZELWOOD INITIATIVE INC 5344 SECOND AVENUE PITTSBURGH PA 15207 251825591 501(C)(3) 50000 FMV AFFORDABLE HOUSING OPERATION BETTER BLOCK INC 801 N HOMEWOOD AVENUE PITTSBURGH PA 15208 237157433 501(C)(3) 61137 FMV COMMUNITY DEVELOPMENT SCHENLEY HEIGHTS COMMUNITY 3171 EWART DRIVE PITTSBURGH PA 15219 251769982 501(C)(3) 35000 FMV COMMUNITY DEVELOPMENT 5 0 PART I, LINE 2: GRANT INFORMATION IS DOCUMENTED IN A DATABASE CONTAINING DETAILED INFORMATION ABOUT THE RECIPIENT, THEIR BUSINESS, AND THE INTERNAL APPROVAL PROCESS AND SUPPORT SUBSTANTIATING THE GRANT. GRANT RECIPIENTS ARE REVIEWED INTERNALLY BY SENIOR MANAGEMENT AND OTHER RELEVANT STAFF FOR ELIGIBLITY. X X X 0 0 0 0 0 0 0 0 0 MARK PETERSON PRESIDENT & CEO 144535 0 0 0 7653 0 9358 0 29525 0 191071 0 0 0 X 1 2423300 FMV X MICROSOFT OFFICE SOFTWARE 1 1764 COST OR SELLING PRIC 0 0 0 FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE SHALL BE RESPONSIBLE FOR POLICY PLANNING IN CONSULTATION WITH THE PRESIDENT AND CHIEF EXECUTIVE OFFICER, AS WELL AS FOR ONGOING EVALUATION OF THE PRESIDENT AND CHIEF EXECUTIVE OFFICER. FORM 990, PART VI, SECTION B, LINE 11 BRIDGEWAY CAPITAL'S (BRIDGEWAY) CONTROLLER GATHERS INFORMATION FOR THE FORM 990 FROM THE FINANCIAL SYSTEM AND PROVIDES THE INFORMATION TO THE INDEPENDENT AUDIT FIRM TO PREPARE A DRAFT. THE CONTROLLER AND PRESIDENT OF BRIDGEWAY REVIEW THE DRAFT FOR ACCURACY AND CHANGES ARE MADE AS APPROPRIATE. THE FINAL FORM 990 IS DISTRIBUTED TO ALL MEMBERS OF THE BRIDGEWAY BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C BRIDGEWAY DISTRIBUTES THE CONFLICT OF INTEREST POLICY AND DISCLOSURE FORM TO BOARD MEMBERS EACH YEAR FOR COMPLETION. SENIOR MANAGEMENT REVIEWS THE FORMS TO ASSESS AND ADDRESS, IF NECESSARY, ANY CONFLICTS THAT ARE DISCLOSED. CONFLICTS ARE BROUGHT TO THE BOARD'S ATTENTION AND DISCUSSED OPENLY AT BOARD MEETINGS. FORM 990, PART VI, SECTION B, LINE 15A THE SALARY OF BRIDGEWAY'S PRESIDENT & CEO IS SET BY THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS. AT THE BEGINNING OF THE FISCAL YEAR, THE EXECUTIVE COMMITTEE SETS GOALS FOR PRESIDENT & CEO AS WELL AS REVIEWING PERFORMANCE RELATED TO GOALS FROM THE PRIOR FISCAL YEAR. THE PRESIDENT & CEO DETERMINES THE COMPENSATION FOR PAID OFFICERS AND KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 BRIDGEWAY MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC BY PROVIDING COPIES WITHIN 30 DAYS UPON WRITTEN REQUEST AND IMMEDIATELY IN THE CASE OF IN-PERSON REQUESTS. FORM 990, PART XI, LINE 9: GRANT RETURNED BLOOMFIELD GARFIELD CORPORATION 25-1290469 43,000. FORM 990, PART XII, LINE 2C, OVERSIGHT OF FINANCIAL STATEMENT AUDIT:: THE ORGANIZATION'S FINANCIAL STATEMENTS WERE AUDITED BY AN INDEPENDENT ACCOUNTING FIRM. ADDITIONALLY, THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND ITS SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. BRIDGEWAY CERTIFIED DEVELOPMENT CORP 707 GRANT STREET SUITE 1920 PITTSBURGH PA 15219 743109154 TO SUPPORT CONTROLLING ORGANIZATION PA 501(C)(4) BRIDGEWAY CAPITAL INC 1 BRIDGEWAY DEVELOPMENT CORPORATION 707 GRANT STREET SUITE 1920 PITTSBURGH PA 15219 800842724 TO SUPPORT CONTROLLING ORGANIZATION PA 501(C)(2) BRIDGEWAY CAPITAL INC 1 15CCD CORP 707 GRANT STREET SUITE 1920 PITTSBURGH PA 15219 471471501 REAL ESTATE DEVELOPMENT PA BRIDGEWAY CAPITAL INC C 217506 1.00000 1 1 1 0 1 0 0 0 1 1 0 0 1 0 1 0 0 1 1 1 BRIDGEWAY DEVELOPMENT CORPORATION A 129893 FMV 15CCD CORPORATION B 10000 FMV BRIDGEWAY DEVELOPMENT CORPORATION B 480746 FMV BRIDGEWAY DEVELOPMENT CORPORATION D 6760000 FMV BRIDGEWAY DEVELOPMENT CORPORATION H 56558 FMV BRIDGEWAY DEVELOPMENT CORPORATION I 350000 FMV BRIDGEWAY CAPITAL CERTIFIED DEVELOPMENT CORPORATION L 33715 FMV BRIDGEWAY DEVELOPMENT CORPORATION L 138612 FMV BRIDGEWAY CAPITAL CERTIFIED DEVELOPMENT CORPORATION N 4911 FMV BRIDGEWAY DEVELOPMENT CORPORATION N 5043 FMV BRIDGEWAY CAPITAL CERTIFIED DEVELOPMENT CORPORATION Q 106549 FMV BRIDGEWAY DEVELOPMENT CORPORATION Q 1667 FMV BRIDGEWAY DEVELOPMENT CORPORATION R 1025380 FMV BRIDGEWAY CAPITAL CERTIFIED DEVELOPMENT CORPORATION R 31549 FMV 15CCD CORPORATION R 110397 FMV BRIDGEWAY DEVELOPMENT CORPORATION S 1334137 FMV