BAYVIEW SENIOR HOUSING INC (EIN 943243618) - 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

1996

Legal Domicile

Principal Officer

KENNETH LOMBARD

Phone

4159891111

Tax Period

2023-01-01 to 2023-12-31

BAYVIEW SENIOR HOUSING INC, founded in 1996, is a small nonprofit in the Housing & Shelter sector that reported $668K in total revenue in fiscal year 2023. Expenses of $841K exceeded revenue, resulting in a 26% operating deficit.

Mission

MISSION: THIS ORGANIZATION FURTHERS THE EXEMPT PURPOSES OF BRIDGE HOUSING CORPORATION (BRIDGE) BY PROVIDING LOW INCOME HOUSING. BRIDGE STRENGTHENS COMMUNITIES BY DEVELOPING, OWNING AND MANAGING HIGH-QUALITY, AFFORDABLE HOMES FOR WORKING FAMILIES AND SENIORS.VISION:* BRIDGE STRENGTHENS COMMUNITIES AND CREATES OPPORTUNITIES FOR WORKING FAMILIES AND SENIORS, BEGINNING BUT NOT ENDING WITH HOUSING.* BRIDGE IS A LEADER AND INNOVATOR IN THE MISSION-DRIVEN BUSINESS OF EFFECTIVE PRODUCTION, OPERATION AND OWNERSHIP OF AFFORDABLE AND MIXED-INCOME HOUSING.* BRIDGE EARNS THE HIGHEST DEGREE OF CUSTOMER SATISFACTION FROM ALL STAKEHOLDERS, INCLUDING RESIDENTS, NEIGHBORS, INVESTORS, TAXPAYERS, PRIVATE- AND PUBLIC-SECTOR PARTNERS, AND EMPLOYEES.* BRIDGE IS THE GO-TO DEVELOPER AND OWNER FOR PUBLIC OFFICIALS, INVESTORS AND COMMUNITIES SEEKING AN ARRAY OF HOUSING SOLUTIONS, AND IT DELIVERS RESULTS.

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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 $418,317

Program Service Revenue $243,047

Investment Income $6,020

Other Revenue $591

TOTAL REVENUE $667,975

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $823,468

Other Expenses $841,211

TOTAL EXPENSES $841,211

Year-over-Year Comparison

	2023	2022	Change
Revenue	$667,975	$643,011	+0.0%
Expenses	$841,211	$819,032	+0.0%
Net Income	$-173,236	$-176,021	0.0%

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

N/A

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

$3,030,789

Total Directors

$3,030,789

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KENNETH LOMBARD	PRESIDENT/DIRECTOR	1.00	Officer Director	$0	$47,242	$1,055,151
DELPHINE SHERMAN	VICE PRESIDENT & CFO/DIRECTOR	1.00	Officer Director	$0	$120,312	$537,816
REBECCA HLEBASKO	VICE PRESIDENT & SECRETARY/DIRECTOR	1.00	Officer Director	$0	$100,838	$509,625
JAMES MATHER	VICE PRESIDENT/DIRECTOR	1.00	Officer Director	$0	$108,335	$513,728
SIERRA ATILANO	VICE PRESIDENT/DIRECTOR	1.00	Officer Director	$0	$48,028	$414,469

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	$667,975	$841,211	$3,482,877	$-173,236
2022	$643,011	$819,032	$3,654,649	$-176,021
2021	$609,975	$762,084	$3,833,475	$-152,109
2020	$590,623	$756,261	$4,009,928	$-165,638
2019	$530,323	$743,681	$4,112,365	$-213,358
2018	$519,529	$693,165	$4,302,751	$-173,636

BAYVIEW SENIOR HOUSING INC