BAYWOOD APARTMENTS INC (EIN 943100917) - 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

1991

Legal Domicile

Principal Officer

LINDA MANDOLINI

Phone

5105821460

Tax Period

2023-01-01 to 2023-12-31

BAYWOOD APARTMENTS INC, founded in 1991, is a mid-sized nonprofit in the Housing & Shelter sector that reported $19.3M in total revenue in fiscal year 2023. Revenue surged 13927% from the prior year, signaling strong growth momentum. The organization ran a surplus of $18.6M, a strong 97% operating margin.

Mission

TO SERVE AS PARTNER IN LIMITED PARTNERSHIPS THAT OWN AND OPERATE LOW-INCOME HOUSING PROJECTS.

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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 $3,085

Program Service Revenue $19,248,139

Investment Income $0

Other Revenue $0

TOTAL REVENUE $19,251,224

Expense Breakdown

Grants Paid $521,662

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $661,949

Other Expenses $141,937

TOTAL EXPENSES $663,599

Year-over-Year Comparison

	2023	2022	Change
Revenue	$19,251,224	$137,241	+139.3%
Expenses	$663,599	$7,961,856	-0.9%
Net Income	$18,587,625	$-7,824,615	-3.4%

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

$1,382,098

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AMY NECHES	TREASURER/DIRECTOR	0.10	Officer Director	$0	$0	$0
ANNETTE BILLINGSLEY	DIRECTOR	0.10	Director	$0	$0	$0
CALVIN WHITAKER	ASSISTANT SECRETARY/DIRECTOR	0.10	Officer Director	$0	$0	$0
CANDICE GONZALEZ O'HANLON	DIRECTOR	0.10	Director	$0	$0	$0
CHERYL O'CONNOR	SECRETARY/DIRECTOR	0.10	Officer Director	$0	$0	$0
DAVID GARCIA	DIRECTOR	0.10	Director	$0	$0	$0
DOUGLAS KUERSCHNER	DIRECTOR	0.10	Director	$0	$0	$0
GRACE LI HARPER	DIRECTOR	0.10	Director	$0	$0	$0
JAMES KENNEDY	CHAIR/DIRECTOR	0.10	Officer Director	$0	$0	$0
JOSEPH M POSTIGO	DIRECTOR	0.10	Director	$0	$0	$0
JOHN GAFFNEY	DIRECTOR	0.10	Director	$0	$0	$0
NICHOLAS J RANDALL	DIRECTOR	0.10	Director	$0	$0	$0
RUDOLPH JOHNSON III	VICE CHAIR/DIRECTOR	0.10	Officer Director	$0	$0	$0
SEAN CALLUM	DIRECTOR	0.10	Director	$0	$0	$0
SHEILA ANN BURKS	DIRECTOR	0.10	Director	$0	$0	$0
ALI SOLIS	DIRECTOR	0.10	Director	$0	$0	$0
KARA DOUGLAS	DIRECTOR	0.10	Director	$0	$0	$0
LINDA MANDOLINI	PRESIDENT	0.10	Officer	$0	$41,962	$642,152
TATIANA BLANK	CFO	0.10	Officer	$0	$20,086	$451,046
TIMOTHY GREEN	ASSISTANT SECRETARY/DIRECTOR	0.10	Officer	$0	$12,816	$288,900

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	No data	No data	No data	No data
2023	$19,251,224	$663,599	$32,958,923	$18,587,625
2022	$137,241	$7,961,856	$4,539,947	$-7,824,615
2021	$110,627	$32,084,098	$6,801,146	$-31,973,471
2020	$1,354,545	$3,542,318	$25,132,874	$-2,187,773
2019	$7,157,296	$739,759	$28,941,292	$6,417,537
2018	$11,377,722	$1,062,951	$16,025,017	$10,314,771

BAYWOOD APARTMENTS INC