Bay Aging
- Assets
- $23.1m
- Revenue
- $20.9m
- Investments
- $240.0k
- Employees
- 376
- Location
- Urbanna, VA
- Founding
- 12/1979
- Data as of
- 09/2020
- EIN
- 54-1085032
Organization Overview
Bay Aging is located in Urbanna, VA. The organization was established in 1979. According to its NTEE Classification (P81) the organization is classified as: Senior Centers, under the broad grouping of Human Services and related organizations. As of 09/2022, Bay Aging employed 376 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bay Aging 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 09/2020, Bay Aging generated $20.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $20.9m during the year ending 09/2020. While expenses have increased by 6.5% 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION DELIVERS PROGRAMS AND SERVICES TO PEOPLE OF ALL AGES TO HELP THEM LIVE INDEPENDENTLY IN THEIR COMMUNITIES FOR AS LONG AS POSSIBLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COMMUNITY LIVING PROGRAM OFFERS A RANGE OF PROGRAMS AND SERVICES THAT BENEFIT PEOPLE OF ALL AGES. SERVING MORE THAN 30,000 INDIVIDUALS IN FISCAL 2022, THESE PROGRAMS INCLUDE CONGREGATE AND HOME DELIVERED DELIVERED MEALS; 8 ACTIVE LIFESTYLE CENTERS (SENIOR CENTERS); 1 ADULT DAY CARE CENTER PROVIDING RESPITE CARE; IN-HOME PERSONAL CARE, COMPANION CARE AND COORDINATED CARE SERVICES; VETERAN-DIRECTED CARE FINANCIAL MANAGEMENT SERVICES AND COUNSELING; CARE TRANSITIONS INTERVENTION DESIGNED TO REDUCE HOSPITAL READMISSIONS; SENIOR EMPLOYMENT TRAINING AND INSURANCE COUNSELING, INFORMATION AND REFERRAL SERVICES, AND OTHER ACTIVITIES. 1,000 VOLUNTEERS DELIVERED MORE THAN 185,000 MEALS, NON-EMERGENCY MEDICAL RIDES, INSURANCE COUNSELING, FRIENDLY CALLS AND VISITS, AND OTHER ACTIVITIES.
BAY TRANSIT PROVIDES PUBLIC TRANSPORTATION FOR ALL PEOPLE OF ALL AGES. WE PROVIDED MORE THAN 127,000 RIDES ACROSS OUR 12-COUNTY SERVICE AREA IN FY 2022, RETURNING TO PRE-PANDEMIC ACTIVITY LEVELS. BAY AGING MICROTRANSIT AND OUR NEW FREEDOM PROGRAM ALSO SAW SIGNIFICANT INCREASES IN RIDERSHIP. RIDERS UTILIZED BAY TRANSIT TO ACCESS EMPLOYMENT, HEALTHCARE, SHOPPING, AND NUMEROUS OTHER CONSUMER SERVICES.
BAY AGING SENIOR APARTMENTS ARE HUD SUBSIDIZED, RENT CONTROLLED PROPERTIES FOR RESIDENTS OVER THE AGE OF 62. THESE 10 APARTMENT COMMUNITIES PROVIDE SAFE, AFFORDABLE HOUSING AND ENRICHED SUPPORTS TO 366 OCCUPANTS ACROSS THE SERVICE AREA. THE HOUSING CHOICE VOUCHER PROGRAM ALLOWED PEOPLE OF ALL AGES ACCESS TO SAFE, STABLE HOMES. SINGLE FAMILY HOUSING ENCOMPASSES 4 MAJOR INITIATIVES - WEATHERIZATION, INDOOR PLUMBING REHABILITATION, EMERGENCY HOME REPAIR, AND COMMUNITY DEVELOPMENT BLOCK GRANTS. FINALLY, IN FY2022 BAY AGING ACQUIRED MERCER PLACE, A WORKFORCE HOUSING DEVELOPMENT IN KILMARNOCK, VA PROVIDING APARTMENTS TO 16 ESSENTIAL WORKERS IN LANCASTER COUNTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathy Vesley President/ceo | Officer | 40 | $198,318 |
Tinsley Goad CFO | Officer | 40 | $146,536 |
Robert Butler It Director | 40 | $111,527 | |
Kenneth Pollock Transit Director | 40 | $108,806 | |
James N Carter Jr Chair | OfficerTrustee | 2 | $0 |
Barry L Gross MD Vice-Chair | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bestway Custom Homes Construction | 9/29/22 | $358,856 |
Senior Services Of Se Va Care Transitions Interventions | 9/29/22 | $268,297 |
Norman Co Inc Construction | 9/29/22 | $168,597 |
Peninsula Agency On Aging Veteran Directed Care Management | 9/29/22 | $125,872 |
Mathews County Public Schools Meals On Wheels | 9/29/22 | $122,103 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,600,965 |
| Investment income | $57,580 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $22,223 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $20,939,151 |
| Statement of Expenses | |
|---|---|
| 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. | $316,309 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,257,099 |
| Pension plan accruals and contributions | $178,944 |
| Other employee benefits | $390,721 |
| Payroll taxes | $503,141 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $30,000 |
| Fees for services: Lobbying | $7,197 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,928,926 |
| Advertising and promotion | $0 |
| Office expenses | $74,510 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $242,342 |
| Travel | $81,589 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,603 |
| Payments to affiliates | $539,159 |
| Depreciation, depletion, and amortization | $1,077,511 |
| Insurance | $194,532 |
| All other expenses | $0 |
| Total functional expenses | $20,861,847 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $8,304,847 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,888,974 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $51,722 |
| Prepaid expenses and deferred charges | $83,212 |
| Investments—publicly traded securities | $51,876 |
| Investments—other securities | $240,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,261,922 |
| Total assets | $23,060,386 |
| Accounts payable and accrued expenses | $2,587,623 |
| Grants payable | $0 |
| Deferred revenue | $949,822 |
| 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 | $2,637,650 |
| Unsecured mortgages and notes payable | $1,262,500 |
| Other liabilities | -$35,932 |
| Total liabilities | $7,401,663 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $15,658,723 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Bay Aging has recieved totaling $89,152.
| Awarding Organization | Amount |
|---|---|
Feed More Inc Richmond, VA PURPOSE: FUNDS FOR NEW FREEZER | $25,000 |
The Community Foundation Inc Richmond, VA PURPOSE: GENERAL PURPOSES | $24,100 |
Meals On Wheels America Arlington, VA PURPOSE: PROJECT SUPPORT AND OTHER SERVICES | $20,000 |
Elis Olsson Memorial Foundation West Point, VA PURPOSE: GENERAL PURPOSE | $15,000 |
J Edwin Treakle Foundation Inc Gloucester, VA PURPOSE: FUND INSURANCE, RSVP TRAVEL, DELIVER MEALS ON WHEELS, AND TRANSPORTATION FOR SENIORS. | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $52 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Center For Workforce Inclusion Inc Silver Spring, MD | $19,940,028 | $57,138,753 |
National Caucus And Center On Black Aging Inc Washington, DC | $2,283,957 | $29,565,598 |
National Investment Center For Seniors Housing & Care Inc Annapolis, MD | $55,654,799 | $19,355,581 |
Bay Aging Urbanna, VA | $23,060,386 | $20,939,151 |
Southwestern Community Action Council Inc Huntington, WV | $3,442,684 | $16,539,322 |
Mountain Empire Older Citizens Inc Big Stone Gap, VA | $8,808,055 | $17,898,946 |
Wellmont Wexford House Johnson City, TN | $11,769,586 | $11,612,147 |
Central West Virginia Aging Services Inc Buckhannon, WV | $10,635,053 | $17,319,473 |
Appalachian Agency For Senior Citizens Cedar Bluff, VA | $13,226,617 | $17,944,269 |
Wvsc Metro Area Agency On Aging Inc Dunbar, WV | $2,022,123 | $10,856,707 |
The 60 Plus Association Inc Alexandria, VA | $451,230 | $11,797,770 |
Aging Disability & Transit Services Of Rockingham County Reidsville, NC | $8,070,642 | $11,439,316 |