BAYONET POINT AREA HOUSING INC C/O… - Form 990 Financial Data

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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

1989

Legal Domicile

Principal Officer

RALPH GAINES

Phone

6305218021

Tax Period

2024-01-01 to 2024-12-31

BAYONET POINT AREA HOUSING INC C/O EMBRACE LIVING COMMUNITIES, founded in 1989, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2024. Revenue surged 36% from the prior year, signaling strong growth momentum. Expenses of $1.1M left a modest 10% surplus.

Mission

BAYONET POINT AREA HOUSING INC, DBA GREENCASTLE OF BAYONET POINT, WAS INCORPORATED AS A NOT-FOR-PROFIT CORPORATION IN THE STATE OF ILLINOIS IN 1989. IT WAS FORMED TO ACQUIRE LAND AND CONSTRUCT BUILDINGS TO HOUSE LOW-INCOME ELDERLY AND HANDICAPPED PERSONS AS DEFINED BY THE NATIONAL HOUSING ACT OF 1959. OUR MISSION IS TO PROVIDE ACTIVELY AGING ADULTS AFFORDABLE WELCOMING HOMES IN COMMUNITIES THAT EMBRACE LIVING.

Program Service Accomplishments

Program 1

Expenses: $1,043,400 Revenue: $1,227,831

TO PROVIDE ACTIVELY AGING ADULTS AFFORDABLE WELCOMING HOMES IN COMMUNITIES THAT EMBRACE LIVING.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,130,008

Investment Income $276

Other Revenue $97,823

TOTAL REVENUE $1,228,107

Expense Breakdown

Grants Paid $0

Salaries & Benefits $443,065

Fundraising Expenses $0

Program Expenses $1,043,400

Other Expenses $666,577

TOTAL EXPENSES $1,109,642

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,228,107	$900,139	+0.4%
Expenses	$1,109,642	$1,139,081	0.0%
Net Income	$118,465	$-238,942	-1.5%

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

$659,214

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANNE MCNAMARA	CHAIRMAN	0.20	Director	$0	$0	$0
LYNETTE GRABOWSKI	DIRECTOR	0.20	Director	$0	$0	$0
CONCETTA DIEL	OUTGOING DIRECTOR	0.20	Director	$0	$0	$0
SUSAN CROSBY	OUTGOING DIRECTOR	0.20	Director	$0	$0	$0
ELIZABETH TURNER	DIRECTOR	0.20	Director	$0	$0	$0
RALPH GAINES	PRESIDENT & CEO	0.20	Officer	$0	$50,615	$422,211
ANNE M OLIVA	EXECUTIVE VP & CFO	0.00	Officer	$0	$22,837	$237,003
ALINA SERBAN	CHIEF OF STAFF	0.00	Highest	$0	$38,357	$139,821
DAWN ZENKNER	CONTROLLER	0.00	Highest	$0	$38,818	$151,239
ED HAVLOVIC	DIRECTOR OF PLANT OPERATIO	0.00	Highest	$0	$27,750	$134,566
GARY ADAMS	DIRECTOR OF OPERATION	0.00	Highest	$0	$29,254	$145,325
JENNIFER TRUPPA	DIRECTOR OF SOCIAL SERVICE	0.00	Highest	$0	$40,480	$160,134

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	$1,228,107	$1,109,642	$1,717,330	$118,465
2023	$900,139	$1,139,081	$1,564,083	$-238,942
2022	$864,182	$980,082	$1,825,099	$-115,900
2021	$858,263	$923,398	$1,921,619	$-65,135
2020	$888,305	$909,986	$1,999,608	$-21,681

BAYONET POINT AREA HOUSING INC C/O EMBRACE LIVING COMMUNITIES