Bayview Foundation Inc
- Assets
- $15.3m
- Revenue
- $6.7m
- Investments
- $4.2m
- Employees
- 42
- Location
- Madison, WI
- Founding
- 02/1967
- Data as of
- 12/2023
- 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 12/2023, Bayview Foundation Inc employed 42 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 12/2023, Bayview Foundation Inc generated $6.7m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 21.1% each year . All expenses for the organization totaled $1.4m during the year ending 12/2023. While expenses have increased by 2.1% per year over the past 9 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
2023
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 APARTMENTS 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 MANAGES 102 UNITS OF RESIDENTIAL HOUSING INTENDED FOR LOW TO MODERATE INCOME HOUSEHOLDS IN MADISON, WI. THE MAJORITY OF THE HOUSING UNITS ARE COVERED BY A SECTION 8 CONTRACT WITH THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT. APPROXIMATELY 275 RESIDENTS LIVE AT BAYVIEW. BAYVIEW IS IN THE PROCESS OF REDEVELOPING AND WILL GROW TO 130 UNITS BY THE END OF 2024.
BAYVIEW'S CENTRALLY LOCATED COMMUNITY CENTER PROVIDES SOCIAL, RECREATIONAL, EDUCATIONAL AND CULTURAL PROGRAMS TO BAYVIEW RESIDENTS AS WELL AS THE TRIANGLE AND MONONA BAY NEIGHBORHOODS AT LARGE. THOUSANDS OF RESIDENTS ARE SERVED BY CENTER SERVICES EACH YEAR. IN 2023, BAYVIEW'S FOOD PANTRY PROVIDED 90,000 POUNDS OF FOOD TO FAMILIES IN NEED AND PROVIDED OVER 3,000 PROGRAM HOURS IN OUT OF SCHOOL PROGRAMMING, FOOD ACCESS, SENIOR AND ADULT PROGRAMS AND MENTAL HEALTH SUPPORT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Berryman Agard President | OfficerTrustee | 2 | $0 |
Craig Stanley Vice-President | OfficerTrustee | 2 | $0 |
Scott Thornton Treasurer | OfficerTrustee | 2 | $0 |
Jean Berg Co-Secretary | OfficerTrustee | 2 | $0 |
Assita Diarra Co-Secretary | OfficerTrustee | 2 | $0 |
Ken Axe Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $7,267 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $567,921 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,184,225 |
| Noncash contributions included in lines 1a–1f | $145,704 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,759,413 |
| Total Program Service Revenue | $1,319,302 |
| Investment income | $265,890 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$13,691 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,720,718 |
| 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. | $149,196 |
| Compensation of current officers, directors, key employees. | $67,192 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $822,668 |
| Pension plan accruals and contributions | $25,097 |
| Other employee benefits | $115,902 |
| Payroll taxes | $71,540 |
| Fees for services: Management | $9,181 |
| Fees for services: Legal | $1,158 |
| Fees for services: Accounting | $24,363 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $73,936 |
| Advertising and promotion | $0 |
| Office expenses | $26,700 |
| Information technology | $9,357 |
| Royalties | $0 |
| Occupancy | $37,260 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,770 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,675 |
| Insurance | $2,848 |
| All other expenses | $0 |
| Total functional expenses | $1,445,164 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $680,030 |
| Savings and temporary cash investments | $480,472 |
| Pledges and grants receivable | $1,418,396 |
| Accounts receivable, net | $1,550,135 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,050,299 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,132 |
| Net Land, buildings, and equipment | $103,238 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $4,193,105 |
| Investments—program-related | -$41 |
| Intangible assets | $0 |
| Other assets | $3,798,027 |
| Total assets | $15,277,793 |
| Accounts payable and accrued expenses | $109,849 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $109,849 |
| Net assets without donor restrictions | $10,567,151 |
| Net assets with donor restrictions | $4,600,793 |
| 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 | $15,277,793 |