BAY AGING APARTMENTS WESTMORELAND INC

EIN: 571206469 501(c)(3) Housing & Shelter

URBANNA, VA

Total Revenue
$202,173
Total Expenses
$241,792
Total Assets
$1,287,916
Net Assets
$1,258,757
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
VA
Principal Officer
KATHY E VESLEY
Phone
8047582386
Tax Period
2024-04-01 to 2025-03-31

BAY AGING APARTMENTS WESTMORELAND INC, founded in 2007, is a small nonprofit in the Housing & Shelter sector that reported $202K in total revenue in fiscal year 2024. Expenses of $242K exceeded revenue, resulting in a 20% operating deficit.

Mission

TO PROVIDE LOW INCOME ELDERLY PERSONS 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 TO BE PREDICATED UPON THE PROVISION, MAINTENANCE AND OPERATION THEREOF ON A NONPROFIT BASIS.

Program Service Accomplishments

Program 1
Expenses: $161,882 Revenue: $201,534

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

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THE ORGANIZATION HAS 24 APARTMENTS FOR RENT TO SENIOR CITIZENS TO ENSURE THAT THESE CITIZENS CONTINUE TO LIVE HEALTHY, INDEPENDENT LIVES. RENTAL ASSISTANCE AND SUPPORT SERVICES, SUCH AS HOUSEKEEPING, TRANSPORTATION, MEAL SERVICES, PERSONAL CARE, MEDICATION REMINDERS, AND RECREATION AND SOCIALIZATION SERVICES, ARE AVAILABLE TO THESE SENIOR 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 $201,593
Investment Income $580
Other Revenue $0
TOTAL REVENUE $202,173

Expense Breakdown

Grants Paid $0
Salaries & Benefits $25,100
Fundraising Expenses $0
Program Expenses $161,882
Other Expenses $216,692
TOTAL EXPENSES $241,792

Year-over-Year Comparison

2024 2023 Change
Revenue $202,173 $191,589 +0.1%
Expenses $241,792 $226,262 +0.1%
Net Income $-39,619 $-34,673 +0.1%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Liquidity & Cash Position

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Governance

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

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
$268,673
Total Directors
19
$268,673
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KATHY E VESLEY PRESIDENT 1.00
Officer Director
$249,168 $19,505 $268,673
ROBERT WILBANKS VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
LYNDA SMITH TREASURER 1.00
Officer Director
$0 $0 $0
STANLEY CLARKE SECRETARY 1.00
Officer Director
$0 $0 $0
JAMES N CARTER DIRECTOR 1.00
Director
$0 $0 $0
KAREN LEWIS DIRECTOR 1.00
Director
$0 $0 $0
RON SAUNDERS DIRECTOR 1.00
Director
$0 $0 $0
CHARLES ADKINS DIRECTOR 1.00
Director
$0 $0 $0
JAMES DUDLEY DIRECTOR 1.00
Director
$0 $0 $0
BRUCE CRAIG DIRECTOR 1.00
Director
$0 $0 $0
CYNTHIA TALCOTT 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
BILL DOYLE DIRECTOR 1.00
Director
$0 $0 $0
BARRY GROSS DIRECTOR 1.00
Director
$0 $0 $0
VERA LEE DIRECTOR 1.00
Director
$0 $0 $0
DONNA COGSWELL DIRECTOR - STARTED 10/24 1.00
Director
$0 $0 $0
BEN OWEN DIRECTOR - STARTED 10/24 1.00
Director
$0 $0 $0
JEANNE HOCKADAY DIRECTOR - STARTED 10/24 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
2025 $202,173 $241,792 $1,287,916 $-39,619
2024 $191,589 $226,262 $1,323,963 $-34,673
2023 $184,132 $210,375 $1,357,933 $-26,243
2022 $184,099 $211,310 $1,394,026 $-27,211
2021 $181,969 $196,370 $1,412,734 $-14,401
2020 $168,703 $192,987 $1,424,159 $-24,284
2019 $161,422 $186,917 $1,448,440 $-25,495
2018 $146,554 $206,663 $1,490,441 $-60,109
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