STATEWIDE BAY LANDING INC

EIN: 223309884 501(c)(3) Housing & Shelter

NEWPORT, RI

Total Revenue
$290,149
Total Expenses
$222,595
Total Assets
$854,712
Net Assets
$806,633
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
RI
Phone
4015952321
Tax Period
2025-01-01 to 2025-12-31

STATEWIDE BAY LANDING INC, founded in 1996, is a small nonprofit in the Housing & Shelter sector that reported $290K in total revenue in fiscal year 2025. Revenue surged 43% from the prior year, signaling strong growth momentum. The organization ran a surplus of $68K, a strong 23% operating margin.

Mission

SUBSIDIZED HOUSING FOR ELDERLY/DISABLED PERSONS

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $287,020
Investment Income $1,155
Other Revenue $1,974
TOTAL REVENUE $290,149

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $193,197
Other Expenses $222,595
TOTAL EXPENSES $222,595

Year-over-Year Comparison

2025 2024 Change
Revenue $290,149 $202,636 +0.4%
Expenses $222,595 $228,244 0.0%
Net Income $67,554 $-25,608 -3.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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

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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
5

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TERRENCE MARTZIAL Director 0.50
Director
$0 $0 $0
GUY DUFAULT Director 0.50
Director
$0 $0 $0
JAMES PRESCOTT President 0.50
Officer Director
$0 $0 $0
LINDA SILVEIRA Treasurer 0.50
Officer Director
$0 $0 $0
SUZANNE WORRELL GEMMA Vice President 0.50
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $290,149 $222,595 $854,712 $67,554
2024 $202,636 $228,244 $805,558 $-25,608
2023 $193,000 $194,135 $805,370 $-1,135
2022 $180,216 $236,387 $811,966 $-56,171
2021 $189,588 $209,656 $856,756 $-20,068
2020 $184,945 $180,168 $855,250 $4,777
2019 $198,718 $176,679 $849,075 $22,039
2018 $192,556 $178,245 $838,637 $14,311
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