BAY AGING APARTMENTS WEST POINT INC

EIN: 541837951 501(c)(3) Housing & Shelter

URBANNA, VA

Total Revenue
$238,699
Total Expenses
$301,345
Total Assets
$807,898
Net Assets
$759,243
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
VA
Principal Officer
KATHY VESLEY
Phone
8047582386
Tax Period
2024-10-01 to 2025-09-30

BAY AGING APARTMENTS WEST POINT INC, founded in 1996, is a small nonprofit in the Housing & Shelter sector that reported $239K in total revenue in fiscal year 2024. Expenses of $301K exceeded revenue, resulting in a 26% operating deficit.

Mission

TO PROVIDE LOW INCOME ELDERLY PERSONS WITH HOUSING FACILITIES AND SERVICES SPECIFICALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS, AND TO PROMOTE THEIR HEALTH, SECURITY, HAPPINESS AND USEFULNESS IN LONGER LIVING. THE CHARGES FOR SUCH FACILITIES AND SERVICES ARE PREDICATED UPON THE PROVISION, MAINTENANCE AND OPERATION OF THE FACILITIES ON A NONPROFIT BASIS.

Program Service Accomplishments

Program 1
Expenses: $214,429 Revenue: $238,337

THE ORGANIZATION HAS 27 APARTMENTS FOR RENT TO SENIOR CITIZENS TO ENSURE THAT THESE CITIZENS CONTINUE LIVING HEALTHY, INDEPENDENT LIVES. RENTAL ASSISTANCE AND SUPPORT SERVICES, SUCH AS HOUSEKEEPING...

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THE ORGANIZATION HAS 27 APARTMENTS FOR RENT TO SENIOR CITIZENS TO ENSURE THAT THESE CITIZENS CONTINUE LIVING HEALTHY, INDEPENDENT LIVES. RENTAL ASSISTANCE AND SUPPORT SERVICES, SUCH AS HOUSEKEEPING, TRANSPORTATION, MEAL SERVICES, PERSONAL CARE, MEDICATION REMINDERS, RECREATION AND SOCIALIZATION, ARE AVAILABLE TO THESE CITIZENS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $238,302
Investment Income $362
Other Revenue $35
TOTAL REVENUE $238,699

Expense Breakdown

Grants Paid $0
Salaries & Benefits $23,452
Fundraising Expenses $0
Program Expenses $214,429
Other Expenses $277,893
TOTAL EXPENSES $301,345

Year-over-Year Comparison

2024 2023 Change
Revenue $238,699 $227,033 +0.1%
Expenses $301,345 $242,001 +0.2%
Net Income $-62,646 $-14,968 +3.2%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
16
Independent Members
15
Employees
N/A
Volunteers
15

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
4
$267,416
Total Directors
16
$267,416
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES DUDLEY DIRECTOR 1.00
Director
$0 $0 $0
JEANNE HOCKADAY DIRECTOR 1.00
Director
$0 $0 $0
JAMES N CARTER DIRECTOR 1.00
Director
$0 $0 $0
BILL DOYLE DIRECTOR 1.00
Director
$0 $0 $0
BRUCE CRAIG DIRECTOR 1.00
Director
$0 $0 $0
LYNDA SMITH TREASURER 1.00
Officer Director
$0 $0 $0
REV MARIA HARRIS DIRECTOR 1.00
Director
$0 $0 $0
BEN OWEN DIRECTOR 1.00
Director
$0 $0 $0
BELINDA JOHNSON DIRECTOR 1.00
Director
$0 $0 $0
CYNTHIA TALCOTT DIRECTOR 1.00
Director
$0 $0 $0
DONNA COGSWELL DIRECTOR 1.00
Director
$0 $0 $0
ROBERT WILBANKS VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
STANLEY CLARKE SECRETARY 1.00
Officer Director
$0 $0 $0
BARRY GROSS DIRECTOR 1.00
Director
$0 $0 $0
VERA LEE DIRECTOR 1.00
Director
$0 $0 $0
KATHY VESLEY PRESIDENT 2.00
Officer Director
$0 $19,248 $267,416
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 $238,699 $301,345 $807,898 $-62,646
2024 $227,033 $242,001 $853,540 $-14,968
2023 $222,052 $227,324 $864,292 $-5,272
2022 $209,234 $220,590 $874,171 $-11,356
2021 $204,208 $201,100 $875,777 $3,108
2020 $195,696 $205,013 $881,433 $-9,317
2019 $188,119 $215,541 $897,207 $-27,422
2018 $177,028 $205,598 $909,808 $-28,570
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