BAY AGING APARTMENTS MONTROSS INC

EIN: 541974574 501(c)(3) Housing & Shelter

URBANNA, VA

Total Revenue
$195,571
Total Expenses
$212,230
Total Assets
$860,794
Net Assets
$840,203
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2001
Legal Domicile
VA
Principal Officer
KATHY VESLEY
Phone
8047582386
Tax Period
2024-10-01 to 2025-09-30

BAY AGING APARTMENTS MONTROSS INC, founded in 2001, is a small nonprofit in the Housing & Shelter sector that reported $196K in total revenue in fiscal year 2024. Net assets of $840K represent 52 months of operating reserves.

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 AND SERVICES ON A NONPROFIT BASIS.

Program Service Accomplishments

Program 1
Expenses: $140,214 Revenue: $194,328

THE ORGANIZATION HAS 24 APARTMENTS FOR RENT TO SENIOR CITIZENS TO ENSURE THAT THESE CITIZENS CONTINUED LIVING HEALTHY, INDEPENDENT LIVES. RENTAL ASSISTANCE AND SUPPORT SERVICES, SUCH AS HOUSEKEEPING...

Read more

THE ORGANIZATION HAS 24 APARTMENTS FOR RENT TO SENIOR CITIZENS TO ENSURE THAT THESE CITIZENS CONTINUED LIVING HEALTHY, INDEPENDENT LIVES. RENTAL ASSISTANCE AND SUPPORT SERVICES, SUCH AS HOUSEKEEPING, TRANSPORTATION, MEAL SERVICES, PERSONAL CARE, MEDICATION REMINDERS, RECREATION AND SOCIALIZATION, ARE AVAILABLE FOR THESE CITIZENS.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $194,328
Investment Income $1,243
Other Revenue $0
TOTAL REVENUE $195,571

Expense Breakdown

Grants Paid $0
Salaries & Benefits $19,799
Fundraising Expenses $0
Program Expenses $140,214
Other Expenses $192,431
TOTAL EXPENSES $212,230

Year-over-Year Comparison

2024 2023 Change
Revenue $195,571 $193,099 +0.0%
Expenses $212,230 $234,415 -0.1%
Net Income $-16,659 $-41,316 -0.6%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

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
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
JAMES DUDLEY DIRECTOR 1.00
Director
$0 $0 $0
REV MARIA HARRIS DIRECTOR 1.00
Director
$0 $0 $0
BELINDA JOHNSON DIRECTOR 1.00
Director
$0 $0 $0
BEN OWEN DIRECTOR 1.00
Director
$0 $0 $0
DONNA COGSWELL DIRECTOR 1.00
Director
$0 $0 $0
LYNDA SMITH TREASURER 1.00
Officer Director
$0 $0 $0
CYNTHIA TALCOTT DIRECTOR 1.00
Director
$0 $0 $0
ROBERT WILBANKS VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
VERA LEE DIRECTOR 1.00
Director
$0 $0 $0
STANLEY CLARKE SECRETARY 1.00
Officer Director
$0 $0 $0
BARRY GROSS DIRECTOR 1.00
Director
$0 $0 $0
KATHY E 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 $195,571 $212,230 $860,794 $-16,659
2024 $193,099 $234,415 $894,808 $-41,316
2023 $185,638 $217,039 $919,368 $-31,401
2022 $176,218 $199,902 $948,886 $-23,684
2021 $171,835 $186,864 $969,673 $-15,029
2020 $172,352 $197,204 $997,803 $-24,852
2019 $159,893 $189,725 $1,023,411 $-29,832
2018 $154,932 $193,664 $1,043,491 $-38,732
Explore More Nonprofits
→Top 100 Nonprofits in Virginia →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare BAY AGING APARTMENTS MONTROSS INC with other nonprofits in Virginia and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.