BOSTON, MA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)BAY COVE HUMAN SERVICES INC, founded in 1973, is a major nonprofit that reported $159.9M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $154.9M left a modest 3% surplus.
BAY COVE HUMAN SERVICES' MISSION IS TO PARTNER WITH PEOPLE TO OVERCOME CHALLENGES AND REALIZE PERSONAL POTENTIAL. BAY COVE PURSUES THIS MISSION BY PROVIDING INDIVIDUALIZED AND COMPASSIONATE SERVICES TO PEOPLE FACING THE CHALLENGES ASSOCIATED WITH DEVELOPMENTAL DISABILITIES, MENTAL ILLNESS, SUBSTANCE USE DISORDERS, AND HOMELESSNESS AT MORE THAN 175 PROGRAM SITES THROUGHOUT GREATER BOSTON AND SOUTHEASTERN MASSACHUSETTS.
MENTAL HEALTH COMMUNITY SERVICES - THE MENTAL HEALTH SERVICES DIVISION PROVIDES A WIDE RANGE OF HUMAN SERVICES TAILED TO ADULTS WITH LONG-TERM AND SEVERE MENTAL ILLNESS. THE DIVISION OPERATES SEVERAL...
MENTAL HEALTH COMMUNITY SERVICES - THE MENTAL HEALTH SERVICES DIVISION PROVIDES A WIDE RANGE OF HUMAN SERVICES TAILED TO ADULTS WITH LONG-TERM AND SEVERE MENTAL ILLNESS. THE DIVISION OPERATES SEVERAL MENTAL HEALTH COMMUNITY RESIDENCES AND TREATMENT PROGRAMS WHICH FOCUS ON INCREASING A CLIENTS INDEPENDENCE THROUGH REHABILITATION, COMMUNITY SKILLS DEVELOPMENT AND CASE MANAGEMENT.
DEVELOPMENTAL SERVICES - THE LONG TERM SUPPORT SERVICES DIVISION PROVIDES SERVICES TO ADULTS SUFFERING FROM A WIDE RANGE OF DEVELOPMENTAL DISABILITIES AND BEHAVIORAL CHALLENGES AS WELL AS FAMILY...
DEVELOPMENTAL SERVICES - THE LONG TERM SUPPORT SERVICES DIVISION PROVIDES SERVICES TO ADULTS SUFFERING FROM A WIDE RANGE OF DEVELOPMENTAL DISABILITIES AND BEHAVIORAL CHALLENGES AS WELL AS FAMILY SUPPORT AND RESPITE SERVICES TO PEOPLE WITH DEVELOPMENTAL DISABILITIES AND THEIR FAMILIES. THE DIVISION OPERATES LIMITED GROUP RESIDENCES AND STAFF-SUPPORTED HOUSING WHICH CONCENTRATE ON DAILY SUPERVISION, COUNSELING AND COMMUNITY LIVING SKILL DEVELOPMENT.
ADDICTION & HOUSING AND HOMELESS SERVICES - THE ADDICTION SERVICES DIVISION PROVIDES MEDICAL AND COUNSELING SERVICES TO INDIVIDUALS SUFFERING FROM SUBSTANCE ABUSE AND DEPENDENCY. SERVICES INCLUDE...
ADDICTION & HOUSING AND HOMELESS SERVICES - THE ADDICTION SERVICES DIVISION PROVIDES MEDICAL AND COUNSELING SERVICES TO INDIVIDUALS SUFFERING FROM SUBSTANCE ABUSE AND DEPENDENCY. SERVICES INCLUDE MEDICAL DETOXIFICATION, COUNSELING, METHADONE TREATMENT, CASE MANAGEMENT, OUTPATIENT CLINIC AND PSYCHIATRIC NURSING. BAY COVE'S HOUSING AND HOMELESS SERVICES PROVIDE A CONTINUUM OF SERVICES TO ADDRESS HOMELESSNESS AND HOUSING INSTABILITY, WHICH INCLUDE STREET OUTREACH, SHELTER, TRANSITIONAL HOUSING, AND SUPPORTED HOUSING TO INDIVIDUALS IN BOSTON, CAMBRIDGE/SOMERVILLE AND CHELSEA. WE OPERATE A NUMBER OF SPECIALIZED PROGRAMS, ALL OF WHICH HAVE THE CAPACITY TO SUPPORT INDIVIDUALS WITH CO-OCCURRING BEHAVIORAL HEALTH, MEDICAL, AND SUBSTANCE USE DISORDERS. WE OFFER LOW-THRESHOLD SHELTER SETTINGS DESIGNED TO REDUCE BARRIERS TO ENTRY. OUR PERMANENT SUPPORTIVE HOUSING PROGRAMS OPERATE USING A HOUSING FIRST APPROACH.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $159,933,409 | $143,342,763 | +0.1% |
| Expenses | $154,868,170 | $143,251,718 | +0.1% |
| Net Income | $5,065,239 | $91,045 | +54.6% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| KEVIN MARTONE | PRESIDENT & CEO (AS OF 3/18/25) | 40.00 |
Officer
Director
|
$0 | $0 | $0 |
| AJAY CHADHA | VICE CHAIRPERSON | 2.50 |
Officer
Director
|
$0 | $0 | $0 |
| ANNE LEVINE | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| BRUCE G GOODMAN ESQ | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| CHRISTOPHER LENTO | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| EDDY DESIR | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| GREGORY BUSCONE | TREASURER | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| JEAN MCGUIRE | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| LISA BLAKE | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| PETER A PEASE | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ROBERT J THOMAS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| RUTH FISHBEIN | CHAIRPERSON | 4.00 |
Officer
Director
|
$0 | $0 | $0 |
| SALLY THOMPSON | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| SETH DALY STENNIS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| THOMAS J AITES | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| WILLIAM H SPRAGUE | PRESIDENT/CEO (THRU 3/18/25) | 40.00 |
Officer
Director
|
$213,857 | $0 | $213,857 |
| WILLIAM M MAFFIE III | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| WILLIAM OAKLEY | DIRECTOR (AS OF 2/21/25) | 1.00 |
Director
|
$0 | $0 | $0 |
| ANNE RUSH | SVP & CHRO (AS OF 12/12/24) | 40.00 |
Officer
|
$0 | $0 | $0 |
| CARLEY LUBARSKY | SVP & CHIEF OPERATING OFFICER | 40.00 |
Officer
|
$230,214 | $25,213 | $255,427 |
| HEMA MAHASE | ASSISTANT CLERK | 40.00 |
Officer
|
$82,475 | $18,205 | $100,680 |
| JOELLE NIMS | CLERK | 40.00 |
Officer
|
$91,880 | $41,786 | $133,666 |
| JULIE CELANO | SVP & CHRO (THRU 10/2/24) | 40.00 |
Officer
|
$191,005 | $9,621 | $200,626 |
| KELLY LACAVA | SVP & CIO/CAO | 40.00 |
Officer
|
$201,130 | $47,452 | $248,582 |
| KERRY J OLLEN | INTERIM ASST TREASURER/CFO (AS OF 11/5/24) | 40.00 |
Officer
|
$477,171 | $3,449 | $480,620 |
| MARCEL VERNON | CFO, ASST. TREASURER (THRU 11/12/24) | 40.00 |
Officer
|
$296,988 | $29,906 | $326,894 |
| KEVIN COSTELLO | VP FINANCIAL OPERATIONS (THRU 11/12/24) | 40.00 |
Key Emp
|
$154,769 | $0 | $154,769 |
| KEVIN KERR | VP GENERAL COUNSEL | 40.00 |
Key Emp
|
$161,151 | $45,966 | $207,117 |
| ADEOLA ADEJINMI | CHIEF NURSING OFFICER | 40.00 |
Key Emp
|
$166,193 | $37,504 | $203,697 |
| LISA MORISHANTI | VP MH COMMUNITY SERVICES | 40.00 |
Key Emp
|
$158,194 | $22,384 | $180,578 |
| SARAH COOMBS | VP ADDICTION & HOMELESS | 40.00 |
Key Emp
|
$152,046 | $29,053 | $181,099 |
| ARLENE FORTUNATO | CHIEF DEVELOPMENT OFFICER | 40.00 |
Highest
|
$199,646 | $8,354 | $208,000 |
| MARY JO COOPER | VP DEVELOPMENTAL SERVICES | 40.00 |
Highest
|
$244,176 | $13,732 | $257,908 |
| MAURA STANTON | NURSE PRACTITIONER | 40.00 |
Highest
|
$191,109 | $26,561 | $217,670 |
| ROBERT DIENER | CMO, MEDICAL DIRECTOR | 40.00 |
Highest
|
$314,311 | $35,378 | $349,689 |
| ROSEL LEWIS | PSYCHIATRICT NURSE PRACTITIONER | 40.00 |
Highest
|
$180,481 | $17,720 | $198,201 |
| LOUIS JOSEPHSON | FORMER PRESIDENT & CEO | 0.00 |
|
$472,097 | $12,490 | $484,587 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $159,933,409 | $154,868,170 | $81,940,230 | $5,065,239 |
| 2024 | No data | No data | No data | No data |
| 2023 | $144,896,476 | $139,100,945 | $77,916,140 | $5,795,531 |
| 2022 | $138,026,534 | $132,622,013 | $74,683,813 | $5,404,521 |
| 2021 | $126,196,963 | $123,575,637 | $73,611,314 | $2,621,326 |
| 2020 | $127,931,634 | $126,338,150 | $66,652,104 | $1,593,484 |
| 2019 | $123,993,168 | $120,825,711 | $58,705,392 | $3,167,457 |
| 2019 | $123,993,168 | $120,825,711 | $58,705,392 | $3,167,457 |
| 2018 | $107,227,305 | $107,518,700 | $51,134,401 | $-291,395 |
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