Bayview Foundation Inc
- Assets
- $7.4m
- Revenue
- $6.2m
- Investments
- $2.4m
- Employees
- 37
- Location
- Madison, WI
- Founding
- 02/1967
- Data as of
- 12/2021
- EIN
- 39-6092644
Organization Overview
Bayview Foundation Inc is located in Madison, WI. The organization was established in 1967. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Bayview Foundation Inc employed 37 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bayview Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Bayview Foundation Inc generated $6.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 31.5% each year . All expenses for the organization totaled $1.5m during the year ending 12/2021. While expenses have increased by 3.6% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
BAYVIEW FOUNDATION, INC. IS A NONPROFIT ORGANIZATION THAT PROVIDES AFFORDABLE HOUSING AND SUPPORTIVE SERVICES TO LOW INCOME RESIDENTS. BAYVIEW IS MADE UP OF BAYVIEW TOWNHOUSES, A SECTION 8 PROJECT BASED DEVELOPMENT THAT INCLUDES 102 TWO AND THREE BEDROOM TOWNHOUSE STYLE APARTMENT UNITS AND A COMPREHENSIVE COMMUNITY CENTER LOCATED IN THE MIDDLE OF THE HOUSING DEVELOPMENT.MISSION: THE BAYVIEW FOUNDATION SUPPORTS ITS CULTURALLY DIVERSE, LOW-INCOME FAMILIES IN REALIZING THEIR ASPIRATIONS BY PROVIDING AFFORDABLE HOUSING, FOSTERING CULTURAL PRIDE, AND BUILDING COMMUNITY THROUGH THE ARTS, EDUCATION, AND RECREATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BAYVIEW TOWNHOUSES IS COMPRISED OF 102 UNITS OF RESIDENTIAL HOUSING INTENDED FOR LOW TO MODERATE INCOME HOUSEHOLDS IN MADISON, WI. THE FOUNDATION HAS A SECTION 8 HOUSING ASSISTANCE PAYMENT AGREEMENT WITH THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT. APPROXIMATELY 300 RESIDENTS LIVE AT BAYVIEW.
BAYVIEW'S INTERNATIONAL CENTER FOR EDUCATION AND THE ARTS, THE CENTRALLY LOCATED COMMUNITY CENTER, PROVIDES SOCIAL, RECREATIONAL, EDUCATIONAL AND CULTURAL PROGRAMS TO THE BAYVIEW RESIDENTS, AS WELL AS THE COMMUNITY AT LARGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alexis London Executive Director | Officer | 40 | $96,555 |
Craig Stanley Vice-President | OfficerTrustee | 2 | $0 |
Scott Thornton Treasurer | OfficerTrustee | 2 | $0 |
Mary Berryman Agard President | OfficerTrustee | 2 | $0 |
Assita Diarra Co-Secretary | OfficerTrustee | 2 | $0 |
Jean Berg Co-Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $23,382 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $310,608 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,819,673 |
| Noncash contributions included in lines 1a–1f | $116,367 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,153,663 |
| Total Program Service Revenue | $1,240,071 |
| Investment income | $44,922 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,772,829 |
| Net Income from Fundraising Events | $10,080 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,229,997 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $96,555 |
| Compensation of current officers, directors, key employees. | $33,294 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $712,745 |
| Pension plan accruals and contributions | $28,402 |
| Other employee benefits | $113,567 |
| Payroll taxes | $49,210 |
| Fees for services: Management | $10,020 |
| Fees for services: Legal | $3,429 |
| Fees for services: Accounting | $14,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $90,695 |
| Advertising and promotion | $183 |
| Office expenses | $31,104 |
| Information technology | $8,971 |
| Royalties | $0 |
| Occupancy | $182,887 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,452 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $42,341 |
| Insurance | $6,159 |
| All other expenses | $0 |
| Total functional expenses | $1,482,644 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $245,750 |
| Savings and temporary cash investments | $84,029 |
| Pledges and grants receivable | $710,270 |
| Accounts receivable, net | $133,092 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,400,299 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,823 |
| Net Land, buildings, and equipment | $49,849 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,363,128 |
| Investments—program-related | $101 |
| Intangible assets | $0 |
| Other assets | $2,365,082 |
| Total assets | $7,353,423 |
| Accounts payable and accrued expenses | $52,790 |
| Grants payable | $0 |
| Deferred revenue | $25,000 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $77,790 |
| Net assets without donor restrictions | $5,745,765 |
| Net assets with donor restrictions | $1,529,868 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $7,353,423 |
Grants Recieved
Over the last fiscal year, we have identified 13 grants that Bayview Foundation Inc has recieved totaling $565,257.
| Awarding Organization | Amount |
|---|---|
Oscar Rennebohm Foundation Madison, WI PURPOSE: COMMUNITY | $200,000 |
Roots And Wings Foundation Inc Seattle, WA PURPOSE: GENERAL OPERATIONS | $100,000 |
Evjue Foundation Inc Madison, WI PURPOSE: CONTRIBUTE TO $50 MILLION REDEVELOPMENT PROJECT | $50,000 |
Deatley Family Foundation Inc Mt Horeb, WI PURPOSE: GENERAL USE | $50,000 |
Madison Community Foundation Madison, WI PURPOSE: CAPITAL CAMPAIGN | $35,000 |
Daniel W Erdman Foundation Inc Madison, WI PURPOSE: GENERAL OPERATING | $25,000 |
Endowment Analysis
| Beg. Balance | $56,785 |
| Earnings | $13,259 |
| Net Contributions | $125,957 |
| Ending Balance | $196,001 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sholom Home East Inc St Paul, MN | $55,805,227 | $20,264,604 |
Homestead At Rochester Inc Eden Prairie, MN | $84,661,096 | $19,652,604 |
Cinnaire Corporation Cinnaire Lansing, MI | $74,619,323 | $21,850,720 |
Affordable Housing Development Fund Inc Rockford, IL | $87,465,066 | $18,557,415 |
Chicago Low Income Housing Trust Fund Chicago, IL | $68,435,328 | $24,410,244 |
Bethany Housing Ministries Inc Muskegon, MI | $4,087,536 | $16,635,219 |
Interfaith Housing Development Corporation Of Chicago Chicago, IL | $13,790,371 | $15,355,980 |
Jeremiah Program Minneapolis, MN | $39,745,824 | $13,376,447 |
European American Association Chicago, IL | $18,209,689 | $14,984,488 |
Milwaukee Habitat For Humanity Milwaukee, WI | $24,987,795 | $20,382,762 |
Hispanic Housing Development Corp Chicago, IL | $88,735,655 | $15,154,061 |
Habitat For Humanity International Inc Des Moines, IA | $24,118,438 | $12,529,342 |