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Bay Homes Development Corp

Bay Homes Development Corp

Suisun City, CA 94585
Tax ID68-0387782

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About this organization

Revenue

$407,931

Expenses

$432,762

Mission

The mission of the organization is to provide affordable housing.

About

Bay Homes Development rents multi-family apartments to those of very-low to moderate income. No grant monies have been received in the current year. Rental income provides funding, and our payments on our loan from the City of Suisun City's Housing Authority are established at a below-market fixed interest rate of just 2% with the provision that payments are only made with available cash flow from operations. Therefore, instead of receiving revenue assistance for our mission, this government agency has provided us with a below market loan.

Interesting data from their 2020 990 filing

The purpose of the non-profit, as set forth in the filing, is “To provide low-cost housing to those of very-low and moderate income levels.”.

When discussing its purpose, they were characterized as: “The mission of the organization is to provide affordable housing.”.

  • The state in which the non-profit is legally authorized to operate is CA, as reported.
  • The filing confirms that the non-profit's address in 2020 was 301 MORGAN STREET, SUISUN CITY, CA, 94585.
  • The form of the non-profit reports 0 employees as of 2020.
  • Does not operate a hospital.
  • Does not operate a school.
  • Does not collect art.
  • Does not provide credit counseling.
  • Does not have foreign activities.
  • Is not a donor advised fund.
  • Is not a private foundation.
  • Expenses are between $250,000 and $500,000.
  • Revenue is between $250,000 and $500,000.
  • Revenue less expenses is -$24,831.
  • The CEO salary plan within the organization is not subject to review and approval by an impartial entity.
  • The organization has 6 independent voting members.
  • The organization was formed in 1996.
  • The organization has a written policy that addresses conflicts of interest.
  • The organization is required to file Schedule O.
  • The organization pays $0 in salary, compensation, and benefits to its employees.
  • The organization pays $0 in fundraising expenses.
  • The organization has minutes of its meetings.
  • The organization's financial statements were reviewed by an accountant.

Additional Non-Profits in the area

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