Bay Aging
- Assets
- $31.7m
- Revenue
- $43.6m
- Investments
- $341.3k
- Employees
- 381
- Location
- Urbanna, VA
- Founding
- 12/1979
- Data as of
- 09/2023
- 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 09/2023, Bay Aging employed 381 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 09/2023, Bay Aging generated $43.6m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 14.4% each year . All expenses for the organization totaled $41.7m during the year ending 09/2023. While expenses have increased by 14.3% per year over the past 8 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
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 2023, 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 175,000 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 130,000 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 FY2023 BAY AGING OPENED A NEW LIHTC PROPERTY IN GLOUCESTER WITH 40 UNITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ron Saunders Director | Trustee | 2 | $0 |
Charles Adkins ESQ Director | Trustee | 2 | $0 |
Karen Lewis Director | Trustee | 2 | $0 |
James Dudley Director | Trustee | 2 | $0 |
Rev Athilla Maria Harris Director | Trustee | 2 | $0 |
Bruce Craig Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Senior Services Of Se Va Veteran Directed Care Transitions | 9/29/23 | $439,871 |
Bestway Custom Homes Construction | 9/29/23 | $397,262 |
Peninsula Agency On Aging Veteran Directed Care Transitions | 9/29/23 | $291,616 |
Appalachian Agency For Sr Citizens Medicaid Health Screening | 9/29/23 | $206,808 |
Norman Co Inc Construction | 9/29/23 | $168,597 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $54,951 |
| Government grants | $10,973,509 |
| All other contributions, gifts, grants, and similar amounts not included above | $236,456 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,264,916 |
| Total Program Service Revenue | $32,187,813 |
| Investment income | $122,861 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $9,015 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $43,584,605 |
| 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. | $738,722 |
| Compensation of current officers, directors, key employees. | $513,719 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,250,402 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,603,990 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $21,680,751 |
| Advertising and promotion | $0 |
| Office expenses | $121,028 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $398,692 |
| Travel | $159,419 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $145,694 |
| Payments to affiliates | $1,462,970 |
| Depreciation, depletion, and amortization | $1,169,375 |
| Insurance | $399,216 |
| All other expenses | $114,190 |
| Total functional expenses | $41,719,718 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $7,342,089 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,734,097 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $73,379 |
| Prepaid expenses and deferred charges | $73,845 |
| Net Land, buildings, and equipment | $14,974,261 |
| Investments—publicly traded securities | $76,686 |
| Investments—other securities | $341,296 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $96,066 |
| Total assets | $31,711,719 |
| Accounts payable and accrued expenses | $4,896,534 |
| Grants payable | $0 |
| Deferred revenue | $88,585 |
| 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 | $5,789,551 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $10,774,670 |
| Net assets without donor restrictions | $20,467,658 |
| Net assets with donor restrictions | $469,391 |
| 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 | $31,711,719 |