2026-03-07T13:55:08-06:00 2025-09-30 251408703 SCHNEIDER DOWNS & CO INC ONE PPG PLACE SUITE 1700 PITTSBURGH PA 15222 990 2024-10-01 251635121 BRIDGEWAY CAPITAL INC BRID 4122012450 310 GRANT STREET 2800 PITTSBURGH PA 15219 THOMAS J BOGDEWIC PRESIDENT & CEO 4122012450 2026-03-05 1 1 SARAH R PIOT P01358891 4122613644 2024 2025-03-06 01:10:19Z THOMAS J BOGDEWIC 310 GRANT STREET 2800 PITTSBURGH PA 15219 17498964 0 X WWW.BRIDGEWAYCAPITAL.ORG X 1990 PA WE COMBAT INJUSTICES AND ADVANCE OPPORTUNITIES BY BUILDING CAPACITY, INVESTING CAPITAL, AND DEVELOPING UNDERSERVED AREAS TO GROW BUSINESSES AND REVITALIZE PLACES. 14 13 45 18 0 0 11085932 7435894 5327555 5394787 1062411 1289788 0 0 17475898 14120469 267156 166135 0 0 3797627 4148562 0 0 334141 6851976 7085640 10916759 11400337 6559139 2720132 131718778 133234504 63685855 62791430 68032923 70443074 X WE COMBAT INJUSTICES AND ADVANCE OPPORTUNITIES BY BUILDING CAPACITY, INVESTING CAPITAL, AND DEVELOPING UNDERSERVED AREAS TO GROW BUSINESSES AND REVITALIZE PLACES. 0 0 7888248 166135 5386240 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 AND PARTS OF NORTHERN WEST VIRGINIA AND EASTERN OHIO. 68 BORROWERS RECEIVED LOANS TOTALING $22 MILLION, WHICH LEVERAGED $39 MILLION IN ADDITIONAL CAPITAL. BORROWERS RANGED FROM ENTREPRENEURS STARTING THEIR FIRST BUSINESS TO ESTABLISHED BUSINESSES EXPANDING OPERATIONS AND DEVELOPING THEIR JOB BASE, TO NONPROFITS PROVIDING CRITICAL SOCIAL SERVICES AND ORGANIZATIONS FOCUSED ON REVITALIZING DISTRESSED COMMUNITIES. THE ECONOMIC IMPACT OF THIS LENDING IS PROJECTED TO HELP CREATE OR RETAIN 555 JOBS. 1344036 8547 BRIDGEWAY CAPITAL'S PROGRAMS TEAM LEADS A NUMBER OF EFFORTS THAT SERVE A WIDE RANGE OF SMALL BUSINESSES AND NONPROFIT ORGANIZATIONS. IN FY25, BRIDGEWAY PROVIDED SUPPORT TO 360 CLIENTS. THE ASSISTANCE CAME PRIMARILY IN THE FORM OF ONE ON ONE AND COHORT BASED SERVICES. FOR EXAMPLE, BRIDGEWAY EXECUTED A WIDE RANGE OF COHORTS FOR VARIED EMERGING AND ESTABLISHED BUSINESSES, CONSISTING OF 14 TOTAL COHORTS IN SEVEN LOCATIONS IN OHIO, WEST VIRGINIA, AND PENNSYLVANIA. INCLUDED AMONG THEM, THE ALLIANCE FOR CREATIVE RURAL ECONOMIES (ACRE) COHORTS SERVED GROUPS OF CREATIVE ENTREPRENEURS FROM STATE COLLEGE, OIL CITY, AND UNIONTOWN, WHILE THE BUSINESS GROWTH ACCELERATOR SUPPORTED GROUPS IN OHIO'S MAHONING VALLEY. NWPAMADE WAS LAUNCHED IN PARTNERSHIP WITH PENNWEST EDINBORO'S BEEHIVE NETWORK TO SUPPORT MAKER ENTREPRENEURS IN ERIE AND CRAWFORD COUNTIES, WHILE BRIDGEWAY'S MONMADE PROGRAM SUPPORTED CREATIVES IN THE GREATER PITTSBURGH AREA. 9232284 1 1 0 1 0 0 0 0 1 0 1 1 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 0 0 0 0 1 1 1 1 0 0 1 100 0 1 45 1 0 0 0 0 0 0 0 0 0 0 0 0 X 14 13 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 PA X THOMAS J BOGDEWIC 4122012450 310 GRANT STREET 2800 PITTSBURGH PA 15219 X THOMAS BOGDEWIC PRESIDENT & CEO 39.00 1.00 X X 231145 0 52264 MELVIN WASHINGTON CHAIRPERSON 0.50 0.00 X X 0 0 0 MELONIE JACKSON VICE CHAIRPERSON (EXIT 2/25) 0.50 0.00 X X 0 0 0 STEPHANIE DANGEL SECRETARY 0.50 0.00 X X 0 0 0 THOMAS BAKAITUS TREASURER 0.50 0.00 X X 0 0 0 GEORGIA BERNER DIRECTOR 0.50 0.00 X 0 0 0 JA'RON BRIDGES DIRECTOR 0.50 0.00 X 0 0 0 EARL BUFORD DIRECTOR 0.50 0.00 X 0 0 0 ROBERT CHERRY DIRECTOR (ENTER 4/25) 0.50 0.00 X 0 0 0 YVONNE COOK DIRECTOR 0.50 0.00 X 0 0 0 RONALD A DONATELLI DIRECTOR 0.50 0.00 X 0 0 0 DENIS MCLAUGHLIN DIRECTOR (EXIT 11/24) 0.50 0.00 X 0 0 0 TAMMY RIBAR DIRECTOR 0.50 0.00 X 0 0 0 MORTON STANFIELD JR DIRECTOR 0.50 0.00 X 0 0 0 LARRY TRENGA DIRECTOR (ENTER 4/25) 0.50 0.00 X 0 0 0 JOSEPH WYNN DIRECTOR 0.50 0.00 X 0 0 0 SCOTT LANGILL ASST SECRETARY CHIEF IMPACT INVESTMENT OFFICER 39.00 1.00 X 191988 0 33359 JACOB SAULT CHIEF FINANCIAL OFFICER 36.00 4.00 X 144032 0 41066 DAWN SECKLER CHIEF STRATEGY & DEVELOPMENT OFFICER 40.00 0.00 X 147760 0 38540 SHAWN THOMAS LENDING TEAM LEADER 40.00 0.00 X 133885 0 29151 ADAM KENNEY CHIEF PROGRAMS OFFICER 40.00 0.00 X 126565 0 36155 HOLLY KAY MANAGING DIRECTOR OF UNDERWRITING (EXIT 1/25) 40.00 0.00 X 128503 0 19662 JENNIE SAPSARA DIRECTOR OF OPERATIONS 40.00 0.00 X 108291 0 12271 1212169 0 262468 10 0 1 0 PIPITONE GROUP 3933 PERRYSVILLE AVE PITTSBURGH PA 15214 PR SERVICES 153459 SMALL BUSINESS CONSULTING 175 S 3RD ST STE 200 COLUMBUS OH 43215 CONSULTING 148322 CEEVA 643 FIRST AVE PITTSBURGH PA 15219 IT SERVICES 137614 GRIFFITH MCCAGUE & HAPPEL PC 408 CEDAR AVENUE PITTSBURGH PA 15212 LEGAL 126620 4 5110439 2325455 7435894 LOAN PROGRAM INTEREST 525990 5112295 5112295 LOAN PROGRAM FEES 525990 273945 273945 CBA/MONMADE PROGRAM REVENUE 525990 8547 8547 5394787 1229579 1229579 3438704 3378495 60209 60209 60209 14120469 5394787 0 1289788 166135 166135 1238627 702377 404175 132075 1896931 1376335 450294 70302 268032 184116 68063 15853 475716 340441 109572 25703 269256 188488 64983 15785 30317 440 29877 62747 7343 54776 628 6583 6583 57108 57108 1041827 862735 173240 5852 102671 32373 70269 29 56079 27590 25848 2641 254535 184337 57324 12874 289973 204203 69407 16363 62273 41758 14055 6460 142021 33094 107539 1388 1762285 1762285 130695 91889 31411 7395 82236 58227 19510 4499 ALLOWANCE FOR LOAN LOSS 2797494 2797494 OTHER LOAN EXPENSE 155850 155850 PUBLICATIONS/DUES/SUBSC 43866 9804 24752 9310 EQUIPMENT MAINTENANCE 7080 4970 1709 401 11400337 9232284 1833912 334141 600935 617923 22400260 21903310 1616754 1854009 918694 894317 77469373 77827695 883087 988901 1030188 400588 672454 629600 10494516 10447351 14120655 15951571 2542050 2119827 131718778 133234504 1179208 1347119 111547 1463210 70375 70375 2489075 2239505 57864442 55877516 1971208 1793705 63685855 62791430 X 65805643 67125141 2227280 3317933 68032923 70443074 131718778 133234504 X 2720132 223890 -533871 X X 0 1 X 1 1 1 X 4486823 4815780 12482342 11085933 7435894 40306772 4486823 4815780 12482342 11085933 7435894 40306772 6810821 33495951 233234 307822 593122 1025818 1229579 3389575 43696347 24713492 0.76660 0.80250 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 1 2141 0 1 6583 8724 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. MEETINGS WITH PA LEGISLATORS WITH OTHER CDFI'S IN THE COMMONWEALTH TO STRENGTHEN THE POSITION OF CDFI'S STATEWIDE. 0 1 X 414947 185192 229755 615241 215396 399845 629600 INVESTMENT IN SUBSIDIARIES 14002012 C PARTNERSHIP INVESTMENT 1949559 F 15951571 OPERATING LEASE LIABILITY 1793705 1793705 X 14287251 223890 223890 14063361 57108 57108 14120469 11343229 0 11343229 57108 57108 11400337 PART IV, LINE 2B: BRIDGEWAY HAS A CONTRACT TO HOLD FUNDS GRANTED BY A FOUNDATION 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) 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 CONSOLIDATED FINANCIAL STATEMENTS. THE ORGANIZATION'S CONSOLIDATED STATEMENTS OF FINANCIAL POSITION AT SEPTEMBER 30, 2025 AND 2024 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 FISCAL YEARS BEFORE 2022. 1 RISING TIDE PARTNERS 727 WOOD ST FL 3RD PITTSBURGH PA 152212817 844895049 501(C)(3) 40000 0 N/A N/A AFFORDABLE HOUSING/COMMUNITY DEVELOPMENT PENNSYLVANIA SOLAR CENTER 1435 BEDFORD AVE SUITE 140 PITTSBURGH PA 15219 863234821 501(C)(3) 33935 0 N/A N/A OPERATIONS SUPPORT ROOTS OF FAITH- FAITH UNITED METHODIST CHURCH OF FOX CHAPEL 261 W CHAPEL RIDGE RD PITTSBURGH PA 152381831 251544985 501(C)(3) 32000 0 N/A N/A BUSINESS DEVELOPMENT JOHNSON REAL ESTATE PROPERTIES LLC 902 POPLAR ST ERIE PA 165021252 462818723 6072 0 N/A N/A COMMUNITY DEVELOPMENT 3 1 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 ELIGIBILITY. RECIPIENTS REPORT BACK ON HOW THEY SPENT THE FUNDS PROVIDED TO THEM, AS WELL AS ON THE PROGRESS OF THOSE PROJECTS. X X X 0 0 0 0 0 0 0 0 0 THOMAS BOGDEWIC PRESIDENT & CEO 230875 0 0 0 270 0 19344 0 32920 0 283409 0 0 0 SCOTT LANGILL ASST SECRETARY CHIEF IMPACT INVESTMENT OFFICER 191594 0 0 0 394 0 12431 0 20928 0 225347 0 0 0 DAWN SECKLER CHIEF STRATEGY & DEVELOPMENT OFFICER 147581 0 0 0 179 0 10599 0 27941 0 186300 0 0 0 JACOB SAULT CHIEF FINANCIAL OFFICER 143908 0 0 0 124 0 10588 0 30478 0 185098 0 0 0 SHAWN THOMAS LENDING TEAM LEADER 133436 0 0 0 449 0 9634 0 19517 0 163036 0 0 0 ADAM KENNEY CHIEF PROGRAMS OFFICER 126414 0 0 0 151 0 9393 0 26762 0 162720 0 0 0 FORM 990, PART VI, SECTION A, LINE 1A 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 11B BRIDGEWAY CAPITAL'S (BRIDGEWAY) CHIEF FINANCIAL OFFICER GATHERS INFORMATION FOR THE FORM 990 FROM THE FINANCIAL SYSTEM AND PROVIDES THE INFORMATION TO THE INDEPENDENT AUDIT FIRM TO PREPARE A DRAFT OF THE FORM 990. THE CHIEF FINANCIAL OFFICER 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 PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. 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 15 THE SALARY OF BRIDGEWAY'S PRESIDENT & CEO IS DETERMINED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS. AT THE BEGINNING OF THE FISCAL YEAR, THE EXECUTIVE COMMITTEE SETS GOALS FOR THE PRESIDENT & CEO AND REVIEWS THEIR PERFORMANCE RELATED TO GOALS FROM THE PRIOR FISCAL YEAR. TO ENSURE FAIR COMPENSATION, SALARY SURVEYS AND REVIEWS OF SIMILAR ORGANIZATIONS' FORM 990 ARE PERIODICALLY CONDUCTED. ALL DECISIONS REGARDING BONUSES AND SALARY INCREASES ARE DOCUMENTED IN MINUTES OF THE BOARD EXECUTIVE COMMITTEE AND INTERNAL RECORDS. FOR OTHER OFFICERS OR KEY EMPLOYEES, THEIR SALARIES ARE SET BY BRIDGEWAY'S PRESIDENT & CEO BASED ON AN ANNUAL REVIEW OF THEIR PERFORMANCE AGAINST SET GOALS. THESE SALARIES ARE ALSO PERIODICALLY COMPARED TO INDUSTRY SALARY SURVEYS AND FORMS 990 OF SIMILAR ORGANIZATIONS. THE ORGANIZATION'S BOARD OF DIRECTORS APPROVES AN ANNUAL BUDGET THAT INCLUDES A SUMMARY OF COMPENSATION AND BENEFITS FOR THE ENTIRE ORGANIZATION. ANY BONUSES AND SALARY INCREASES APPROVED BY THE PRESIDENT & CEO FOR OTHER OFFICERS AND KEY EMPLOYEES ARE DOCUMENTED IN THE MINUTES OF THE BOARD EXECUTIVE COMMITTEE AND INTERNAL RECORDS. 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 VII, TRUSTEE EMERITUS: MARK PETERSON SERVES ON THE BRIDGEWAY CAPITAL, INC. BOARD OF DIRECTORS AS DIRECTOR EMERITUS BUT HAS NO VOTING POWERS AT THE MEETINGS OF THE BOARD OF DIRECTORS. FORM 990, PART XI, LINE 9: CHANGE IN NET ASSETS OF SUBSIDIARIES -533,871. 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. MONMADE LLC 310 GRANT STREET SUITE 2800 PITTSBURGH PA 15219 852849256 BUSINESS DEVELOPMENT PA 8547 0 BRIDGEWAY CAPITAL INC BRIDGEWAY DEVELOPMENT CORPORATION 310 GRANT STREET SUITE 2800 PITTSBURGH PA 15219 800842724 REAL ESTATE DEVELOPMENT PA 501(C)(2) BRIDGEWAY CAPITAL INC 1 15CCD CORPORATION 310 GRANT STREET SUITE 2800 PITTSBURGH PA 15219 471471501 REAL ESTATE DEVELOPMENT PA BRIDGEWAY CAPITAL INC C 5802 2063083 1.00000 1 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 BRIDGEWAY DEVELOPMENT CORPORATION A 2118 INTEREST BILLED ON LOAN BRIDGEWAY DEVELOPMENT CORPORATION B 2264497 CASH PAYMENT BRIDGEWAY DEVELOPMENT CORPORATION L 133359 CONTRACT BILLED BRIDGEWAY DEVELOPMENT CORPORATION Q 408788 CASH PAYMENT BRIDGEWAY DEVELOPMENT CORPORATION S 79674 LOAN PRINCIPAL REPAID IN CASH 15CCD CORPORATION L 20635 CONTRACT BILLED 15CCD CORPORATION R 21075 CASH PAYMENT BRIDGEWAY DEVELOPMENT CORPORATION R 29886 CASH PAYMENT 15CCD CORPORATION Q 42466 CASH PAYMENT