Bridgehaven, Inc.
Meets Standards
Standards For Charity Accountability
Governance
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Board Oversight
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Board Size
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Board Meetings
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Board Compensation
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Conflict of Interest
Measuring Effectiveness
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Effectiveness Policy
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Effectiveness Report
Finances
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Program Expenses
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Fundraising Expenses
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Accumulating Funds
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Audit Report
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Detailed Expense Breakdown
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Accurate Expense Reporting
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Budget Plan
Fundraising & Info
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Truthful Materials
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Annual Report
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Website Disclosures
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Donor Privacy
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Cause Marketing Disclosures
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Complaints
Bridgehaven, Inc. meets the 20 Standards for Charity Accountability.
Stated Purpose:
Bridgehaven provides the highest quality community-based psychiatric rehabilitation and recovery services, education, and support to those living with mental illness.
Year, State Incorporated:
1958, KY
Bridgehaven is an outpatient mental health facility that provides individual and group therapy for those with severe mental illness.
For the year ended June 30, 2024, Bridgehaven, Inc.'s program expenses were:
| Program services | $4,424,005 |
| Total Program Expenses | $4,424,005 |
Chief Executive
Stewart Bridgman, President and CEO
Chair of the Board
Ms. Barbara Dwyer
Chair's Profession / Business Affiliation
Board Size
24
Paid Staff Size
71
Method(s) Used:
Direct mail appeals, Invitations to fund raising events, Print advertisements (newspapers, magazines, etc.), Television, Radio, Grant proposals, Internet, Planned giving arrangements, Cause-related marketing (affinity credit cards, consumer product sales, etc.), Appeals via Social Media (Facebook, etc.)
This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
The following information is based on Bridgehaven, Inc.'s audited financial statements for the year ended June 30, 2024.
Source of Funds
| Medicaid revenue | $3,487,335 |
| Other income (Employee Retention Credit) | $948,364 |
| Realized and unrealized gains on investments, net of investment fees | $904,469 |
| State of Kentucky contract revenue | $377,985 |
| Interest and dividend income | $362,291 |
| Contributions | $272,443 |
| Other service revenue | $183,673 |
| Child and adult care food program | $62,387 |
| Member's fees | $21,289 |
| Special event revenue | $12,221 |
| Other Medicare and Medicaid | $5,357 |
| Total Income | $6,637,814 |
Programs: 81% Fundraising: 2% Administrative: 17%
| Total Income | $6,637,814 |
| Total expenses: | $5,428,290 |
| Program expenses | $4,424,005 |
| Fundraising expenses | $90,300 |
| Administrative expenses | $912,698 |
| Other expenses | $1,287 |
| Income in Excess of Expenses | $1,209,524 |
| Beginning Net Assets | $17,683,330 |
| Other Changes In Net Assets | $0 |
| Ending Net Assets | $18,892,854 |
| Total Liabilities | $411,950 |
| Total Assets | $19,304,804 |
Total assets as reported above include $5,198,149 in property and equipment, net.
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Meets Standards
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Standards Not Met
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Did Not Disclose
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Review in Progress
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Unable to Verify
Report completed by:
BBB serving Greater Kentucky and South Central Indiana