BAY INTERFAITH HOUSING (EIN 237020073) - Form 990 Financial Analysis & Trantor Score

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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

1968

Legal Domicile

Principal Officer

JAY MAGEE

Phone

4408713234

Tax Period

2023-06-01 to 2024-05-31

BAY INTERFAITH HOUSING, founded in 1968, is a small nonprofit in the Housing & Shelter sector that reported $436K in total revenue in fiscal year 2023. Revenue surged 2914% from the prior year, signaling strong growth momentum. The organization ran a surplus of $422K, a strong 97% operating margin.

Mission

BAY INTERFAITH HOUSING SOLD THEIR SENIOR APARTMENT BUILDING TO A TAXABLE ENTITY TO OPERATE AS A QUALIFIED LOW-INCOME HOUSING PROJECT WITHIN THE MEANING OF SECTION 42 OF THE INTERNAL REVENUE CODE AND HAS BEEN RENOVATED AS A HISTORIC REHABILITATION PROJECT IN ACCORDANCE WITH SECTION 47 OF THE INTERNAL REVENUE CODE. THE ENTITY COONTINUES TO OWN A SMALL PERCENTAGE OF THE TAXABLE ENTITY AND HOLDS A NOTE RECEIVABLE FOR THE SELLER FINANCING PROVIDED.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,700

Program Service Revenue $0

Investment Income $83

Other Revenue $434,280

TOTAL REVENUE $436,063

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $13,753

Other Expenses $13,753

TOTAL EXPENSES $13,753

Year-over-Year Comparison

	2023	2022	Change
Revenue	$436,063	$14,468	+29.1%
Expenses	$13,753	$52,488	-0.7%
Net Income	$422,310	$-38,020	-12.1%

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAY MAGEE	PRESIDENT	2.00	Officer Director	$0	$0	$0
FRED BOWER	DIRECTOR	1.00	Director	$0	$0	$0
HARRY HUHNDORFF	DIRECTOR	1.00	Director	$0	$0	$0
DOUGLAS LAWTON	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
JIM HOFELICH	SECRETARY	2.00	Officer Director	$0	$0	$0
ROBERT EMMERICH	DIRECTOR	1.00	Director	$0	$0	$0
DONNA HARLAND DRESING	DIRECTOR	1.00	Director	$0	$0	$0
JOHN ENGELBRECHT	DIRECTOR	1.00	Director	$0	$0	$0
MARIAN HARMOUNT	DIRECTOR	1.00	Director	$0	$0	$0
KEITH MCGREGOR	DIRECTOR	1.00	Director	$0	$0	$0
LISA HAMMOND JOHNSON	DIRECTOR	1.00	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
2024	$436,063	$13,753	$4,252,109	$422,310
2023	$14,468	$52,488	$3,379,799	$-38,020
2022	$119,037	$21,623	$3,423,553	$97,414
2021	$63,163	$31,987	$2,324,181	$31,176
2020	$63,291	$61,233	$2,293,005	$2,058
2019	$1,103,797	$562,430	$2,291,517	$541,367

BAY INTERFAITH HOUSING