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Bridge Fund of Massachusetts

 233 Needham Street, Suite 300
 Newton, MA 02464
[P] (617) 454-1120
[F] (617) 454-1001
Lori Lambert
 Printable Profile (Summary / Full)
EIN 04-3765812

LAST UPDATED: 04/10/2015
Organization DBA --
Former Names --
Organization received a competitive grant from the Boston Foundation in the past five years No



Mission StatementMORE »

TBFM seeks to prevent the eviction of families and individuals in Massachusetts by providing emergency no-interest rent and mortgage loans and grants along with support services and financial counseling to help clients address causes which contributed to their becoming at risk of homeless and to insure long-term stability.

Mission Statement

TBFM seeks to prevent the eviction of families and individuals in Massachusetts by providing emergency no-interest rent and mortgage loans and grants along with support services and financial counseling to help clients address causes which contributed to their becoming at risk of homeless and to insure long-term stability.

FinancialsMORE »

Fiscal Year Jan 01, 2013 to Dec 31, 2013
Projected Income $190,000.00
Projected Expense $180,000.00

ProgramsMORE »

  • Family Life Enrichment Program
  • financial counseling and support services
  • Heating and Utility Grant Program
  • Homeless Prevention Loans and Grants

Revenue vs. Expense ($000s)

Expense Breakdown 2013 (%)

Expense Breakdown 2012 (%)

Expense Breakdown 2011 (%)

For more details regarding the organization's financial information, select the financial tab and review available comments.


Mission Statement

TBFM seeks to prevent the eviction of families and individuals in Massachusetts by providing emergency no-interest rent and mortgage loans and grants along with support services and financial counseling to help clients address causes which contributed to their becoming at risk of homeless and to insure long-term stability.

Background Statement

The Bridge Fund of Massachusetts is modeled after, and was founded with the support of, The Bridge Fund in New York. Nan and Oscar Pollock founded The Bridge Fund of New York in 1990 when “private advocates for the homeless were frustrated by the large expense of the homelessness problem (over $60 million annually) and the lack of long-lasting solutions. The philanthropic couple believed that, if they had access to some private capital they could prevent a considerable number of working poor families from losing their housing and joining the ranks of the homeless.”

In 2002 TBFM became an independent organization and in 2003, TBFM gained corporate and 501(c)3 tax-exempt status. An experienced board of directors was formed and an executive director, Lori Lambert, who has been with TBFM since it’s beginning, was hired. In a short period of time, office space, support staff and equipment were donated, office and program systems were put into place, volunteers signed on, funds from donors began to come in, partnership were established with non-profit agencies and services for people in need began. 

Impact Statement

- Prevented the eviction of over 411 people
- Partner with over 35 non-profit agencies to coordinate and provide
  needed  services
- Made loans and grants of over $129,000 including leveraged and
  agency funds
- Maintained high stabilization housing retention rate of 95% of families
  able to continue maintaining their housing a year or more after grant

Needs Statement

Loan and grant funds to meet need - $150,000 for approximately 100 households
Utility grant funds for clients unable to pay for heat and electricity 
Household repair funds for clients needing emergency household repairs in order to maintain their house (i.e. water heaters, oil or gas burners, roof repairs, window repair replacement).  Repairs, which if not completed, could result in the client not being able to remain in their home.

CEO Statement

TBFM is unique in its wholistic, comprehensive approach to working with clients to prevent homelessness and help clients find long-term solutions.  TBFM works with clients for as long as they need assistance and helps them to establish a strong network of community support to provide on-going services.  Each family's and individual's needs are different and TBFM assesses and  focuses on addressing those underlying needs.  In a sense, preventing the eviction, solving the immediate crisis is the beginning.  Finding long-term solutions and following through on the changes is often the challenging part of helping people establish stability in their lives.

Board Chair Statement

Because The Bridge Fund is housed in my Newton office building, I am often able to meet some of the steady stream of applicants coming in to meet with our program staff. Recently, I was introduced to a recipient of housing assistance from The Bridge Fund who thanked me profusely for helping her. 

She proceeded to speak adoringly about her three young daughters and how they might have all ended up in a shelter without our help. Somehow, this single mom is managing to work two jobs, while piecing together child-care and after school programs for her girls. I was so awed by her determination and commitment to overcoming daily obstacles that I sat silent for several minutes alone after she departed.

Every time I meet one of our clients, I feel deeply inadequate afterwards. Why you ask? Because, I wonder if I would have the guts to take on the day-to-day pounding that people must endure simply to survive: I am also challenged to examine how easy my life is – never having to worry about keeping food on my table, the roof over my head or paying my monthly bills.

Over the years, I have come to think of our clients as heroes for persevering and overcoming the many difficulties they face each day. Another memorable encounter involves an immigrant family. The father of this family had been brutally murdered in their homeland (witnessed by his two children) and then their modest house was burned to the ground with his wife, son and daughter inside.   Some how hey were able to escape.  When the mother and her severely scarred twelve-year old son came to our office, I was truly overwhelmed by their ability to pick themselves up and make the most of their challenging lives, including endless trips to the Shriners hospital.

In spite of the severe burns, which made this young boy’s face and hands nearly unrecognizable, he enthusiastically spoke to me about how much he loved school, his many friends, his teachers, guitar lessons and especially, the Patriots football team. To my great joy, I was quite fortunate to take him to a Patriot’s game two months later and share in his exuberance.

Every family that The Bridge Fund assists is special in some way. We are being deluged with more worthy applicants than ever before. Because our work makes such a crucial difference in people’s lives, we need to ask you to please make The Bridge Fund a priority in your charitable giving.

A. Paul Cravedi


Geographic Area Served

our geographic service area covers the entire state including Metro West, the Greater Boston area, Cambridge, North Shore, South Shore and the Merrimack Valley of Massachusetts.

Organization Categories

  1. Housing, Shelter - Housing Support
  2. Human Services - Homeless Services/Centers
  3. -

Independent research has been conducted on this organization's theory of change or on the effectiveness of this organization's program(s)



Family Life Enrichment Program

provides grants to families to support children’s enrichment programs. Funding is used for ballet and music lessons, art classes, sports programs to promote healthy child development. For many families these lessons are part of the daily routine, but for low-income families who are struggling to pay rent, utilities, food and clothing, these classes for their children are not possible. Supporting a child during the critical development year is important, effecting self-esteem as well as a child’s academic performance.       

Budget  $5,000.00
Category  Human Services, General/Other Family-Based Services
Population Served At-Risk Populations Children Only (5 - 14 years) Children and Youth (0 - 19 years)
Program Short-Term Success  Children in households at-risk of homelessness are often more aware of and affected by their family situation than people think.  These funds provide opportunities for children that would otherwise be impossible for families to consider.
Program Long-Term Success  Children benefit tremendously from after-school classes, special programs or lessons, sports, tutoring etc.  Increased self esteem helps children in school and has life long benefits.
Program Success Monitored By  TBFM provides a small number of these grants and has only anecdotal and observational information.  The benefits are apparent in each case - improved performance in school, a child holding his/her head up rather than down as they talk, talking and opening up more, becoming more social.
Examples of Program Success  A handful of children each year take ballet classes, buy soccer cleats, pay school sports fees to join sports team, purchase computer for school work at home as well as many other beneficial activities other take for granted, but are not possible for many Bridge Fund clients

financial counseling and support services

There are a number of causes that lead to homelessness and unless these issues are addressed, the likelihood of recurrent homelessness is great. Therefore, clients work with TBFM to address the long-term issues that may have led to their becoming financially unstable. These comprehensive support services include: counseling and planning related to: mental health, budgeting, career and job search, child and parenting issues, daycare. Referrals are made to community agencies to help clients make  connections to services in the community and establish them in the community.
Budget  $10,000.00
Category  Human Services, General/Other Information & Referral
Population Served Families Children and Youth (0 - 19 years) Elderly and/or Disabled
Program Short-Term Success    
Program Long-Term Success   
Program Success Monitored By     
Examples of Program Success    

Heating and Utility Grant Program

grants are provided for clients who are experiencing difficulties paying their heating bills during the winter months. With rising prices for oil, gas and electric, many clients have to choose between paying the rent and paying their utilities.
Budget  $7,500.00
Category  Human Services, General/Other Emergency Assistance
Population Served At-Risk Populations Adults Elderly and/or Disabled
Program Short-Term Success  These grants allow families, elderly, disabled and low-income individuals to continue to receive heat and electricity.
Program Long-Term Success  Home heating and utility grants help struggling families and individuals at-risk of homelessness, with basic and essential needs.  This assistance makes the difference in meeting rent and other financial obligations and addresses long-term budgeting and stability.
Program Success Monitored By  Follow-up with clients for as long as possible.
Examples of Program Success  Each year TBFM helps as many people as possible with heat and electricity bills.  These grants often make the difference in the client having heat or not in the winter.  These grants also allow clients to set-up payment plans with utility companies to insure that in the future they are budgeting for this expense.

Homeless Prevention Loans and Grants

Rent and mortgage zero-interest loans and grants are typically $1,000 to $1,250. Loans are repaid based on client’s  ability. Some pay as little as $10.00 per month.   By repaying, clients are helping provide assistance to prevent another family or individual from becoming homeless.  Financial counseling helps clients learn to budget and helps ensure that their expenses are met.  Repaying the loan instills a sense of accomplishment and helps clients acquire a  reference which may assist them in the future. Seniors on fixed incomes often receive grants rather than loans, as their ability to repay a loan is limited. 


Budget  $125,000.00
Category  Housing, General/Other Housing Expense Assistance
Population Served Poor,Economically Disadvantaged,Indigent Elderly and/or Disabled Children and Youth (0 - 19 years)
Program Short-Term Success    
Program Long-Term Success  The effects of homelessness on young mothers and children can be long lasting.  For children especially, being uprooted from school, community, family and friends can be devastating.  Keeping families in their homes will help alleviate this trauma.
Program Success Monitored By    
Examples of Program Success    

CEO/Executive Director/Board Comments



CEO/Executive Director Ms. Lori Lambert
CEO Term Start Jan 2002
CEO Email
CEO Experience
Program administration and oversight including case management, collaboration with partner agencies
Agency management: budgeting, fund raising, board development, staff supervision, data and record keeping and reporting
Developed a network of state wide referring and partnership agencies
Collaborate with legal services throughout the state as well court officials, landlords and management companies concerning eviction proceedings
Previously worked at a public housing authority and a family shelter program


Co-CEO --
Co-CEO Term Start --
Co-CEO Email --
Co-CEO Experience --

Former CEOs and Terms

Name Start End
-- -- --

Senior Staff

Name Title Experience/Biography
-- -- --


Award Awarding Organization Year
Angels award Oprah Winfrey 2011


Affiliation Year
-- --
Member of state association of nonprofits? No
Name of state association --

External Assessments and Accreditations

External Assessment or Accreditation Year
-- --


TBFM works in partnership with over 35 non-profit organizations to provide comprehensive services and financial assistance to clients. 

CEO/Executive Director/Board Comments


Foundation Comments


Staff Information

Number of Full Time Staff 2
Number of Part Time Staff 3
Number of Volunteers 5
Number of Contract Staff 2
Staff Retention Rate % 100%

Staff Demographics

Ethnicity African American/Black: 1
Asian American/Pacific Islander: 0
Caucasian: 3
Hispanic/Latino: 0
Native American/American Indian: 0
Other: 0
Other (if specified): 0
Gender Female: 4
Male: 0
Not Specified 0

Plans & Policies

Organization has Fundraising Plan? Under Development
Organization has Strategic Plan? Under Development
Years Strategic Plan Considers N/A
Management Succession Plan Under Development
Business Continuity of Operations Plan No
Organization Policies And Procedures Under Development
Nondiscrimination Policy Under Development
Whistle Blower Policy No
Document Destruction Policy No
Directors and Officers Insurance Policy No
State Charitable Solicitations Permit Exempt
State Registration --

Risk Management Provisions


Reporting and Evaluations

Management Reports to Board? Yes
CEO Formal Evaluation and Frequency Yes Bi-Annually
Senior Management Formal Evaluation and Frequency Yes Annually
Non Management Formal Evaluation and Frequency Yes Annually


Board Chair Mr. Paul Crevedi
Board Chair Company Affiliation Priante Development
Board Chair Term Mar 2003 - 2013
Board Co-Chair Paul Cravedi
Board Co-Chair Company Affiliation Priante Development
Board Co-Chair Term -

Board Members

Name Company Affiliations Status
Paul Crevedi Priante Development Voting
Charles Donahue Harvard Law School Voting
Paul R. Loiselle Century Bank Voting
Jay O'Laughlin EnCon Associates Voting
Anne Marie Slaughter New America Foundation Exofficio

Constituent Board Members

Name Company Affiliations Status
-- -- --

Youth Board Members

Name Company Affiliations Status
-- -- --

Advisory Board Members

Name Company Affiliations Status
-- -- --

Board Demographics

Ethnicity African American/Black: 1
Asian American/Pacific Islander: 0
Caucasian: 4
Hispanic/Latino: 0
Native American/American Indian: 0
Other: 0
Other (if specified): 0
Gender Female: 2
Male: 3
Not Specified 0

Board Information

Board Term Lengths 9
Board Term Limits 0
Board Meeting Attendance % --
Written Board Selection Criteria No
Written Conflict Of Interest Policy Under Development
Percentage of Monetary Contributions 95%
Percentage of In-Kind Contributions 95%
Constituency Includes Client Representation Yes

Standing Committees


CEO/Executive Director/Board Comments


Foundation Comments



Revenue vs. Expense ($000s)

Expense Breakdown 2013 (%)

Expense Breakdown 2012 (%)

Expense Breakdown 2011 (%)

Fiscal Year Jan 01, 2013 to Dec 31, 2013
Projected Income $190,000.00
Projected Expense $180,000.00
Form 990s

2013 990

2012 990

2011 990

2010 990

2009 990

Audit Documents

2013 Financial Statements

2012 Statement of Financial Position

2011 Statement of Financial Position

2010 Statement of Financial Position

2009 Statement of Financial Position

IRS Letter of Exemption

IRS Letter of Determination

Prior Three Years Total Revenue and Expense Totals

Fiscal Year 2013 2012 2011
Total Revenue $159,227 $165,394 $179,035
Total Expenses $195,983 $175,458 $185,149

Prior Three Years Revenue Sources

Fiscal Year 2013 2012 2011
Foundation and
Corporation Contributions
-- $101,000 $139,000
Government Contributions $0 $0 $0
    Federal -- -- --
    State -- -- --
    Local -- -- --
    Unspecified $0 -- --
Individual Contributions $159,227 $34,394 $10,035
Indirect Public Support $0 -- --
Earned Revenue $0 -- --
Investment Income, Net of Losses $0 -- --
Membership Dues $0 -- --
Special Events $0 -- --
Revenue In-Kind -- $30,000 $30,000
Other $0 -- --

Prior Three Years Expense Allocations

Fiscal Year 2013 2012 2011
Program Expense $126,155 $111,198 $121,223
Administration Expense $69,828 $64,260 $63,926
Fundraising Expense $0 -- --
Payments to Affiliates -- -- --
Total Revenue/Total Expenses 0.81 0.94 0.97
Program Expense/Total Expenses 64% 63% 65%
Fundraising Expense/Contributed Revenue 0% 0% 0%

Prior Three Years Assets and Liabilities

Fiscal Year 2013 2012 2011
Total Assets $19,147 $58,612 $66,151
Current Assets $19,147 $58,095 $64,084
Long-Term Liabilities $0 $3,883 $1,358
Current Liabilities $1,174 $0 $0
Total Net Assets $17,973 $54,729 $64,793

Prior Three Years Top Three Funding Sources

Fiscal Year 2013 2012 2011
1st (Source and Amount) -- --
-- --
-- --
2nd (Source and Amount) -- --
-- --
-- --
3rd (Source and Amount) -- --
-- --
-- --

Financial Planning

Endowment Value $0.00
Spending Policy N/A
Percentage(If selected) --
Credit Line No
Reserve Fund Yes
How many months does reserve cover? --

Capital Campaign

Are you currently in a Capital Campaign? No
Capital Campaign Purpose --
Campaign Goal --
Capital Campaign Dates -
Capital Campaign Raised-to-Date Amount --
Capital Campaign Anticipated in Next 5 Years? --

Short Term Solvency

Fiscal Year 2013 2012 2011
Current Ratio: Current Assets/Current Liabilities 16.31 inf inf

Long Term Solvency

Fiscal Year 2013 2012 2011
Long-term Liabilities/Total Assets 0% 7% 2%

CEO/Executive Director/Board Comments

Working in partnership with other organizations, The Bridge Fund leverages funds from partner and other organizations.  These funds are not reflected in the agency financials, but each year TBFM raises $50,000 - $60,000 in leveraged funds for homeless prevention loans and grants. 
The main challenge of TBFM is that the need for our services so out weights the funding available. 

Foundation Comments

Financial summary data in the charts and graphs above are per the organization's IRS Form 990s. Additional revenue breakout detail was provided by the nonprofit and Schedule B's.


Other Documents

No Other Documents currently available.


The Impact tab is a section on the Giving Common added in October 2013; as such the majority of nonprofits have not yet had the chance to complete this voluntary section. The purpose of the Impact section is to ask five deceptively simple questions that require reflection and promote communication about what really matters – results. The goal is to encourage strategic thinking about how a nonprofit will achieve its goals. The following Impact questions are being completed by nonprofits slowly, thoughtfully and at the right time for their respective organizations to ensure the most accurate information possible.

1. What is your organization aiming to accomplish?


2. What are your strategies for making this happen?


3. What are your organization’s capabilities for doing this?


4. How will your organization know if you are making progress?


5. What have and haven’t you accomplished so far?