Skip to content
Nonprofiteer
← CARDINAL BAY INC

Form 990 for tax year 2023

Filed by CARDINAL BAY INC.

Totals

Total revenue
$42,013,715
Total expenses
$45,916,569
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$41,680,205
Investment income
$333,510
Other revenue
$0
Total assets, end of year
$203,503,755
Total liabilities, end of year
$224,769,910
Net assets or fund balances, end of year
-$21,266,155
Program services expenses (Part IX)
$42,378,937
Management and general expenses
$3,537,632
Fundraising expenses
$0
Program service expenses (Part III)
$42,378,937

Program services were 92.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: RENT REVENUE

    total $41,653,316 · related or exempt $41,653,316

  • 2b · Program service revenue: LAUNDRY & VENDING

    total $26,889 · related or exempt $26,889

  • 3 · Investment income

    total $333,510 · excluded $333,510

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $80,000 · management and general $80,000

  • 7 · Other salaries and wages

    total $13,035,786 · program services $13,035,786

  • 8 · Pension plan contributions

    total $79,254 · program services $79,254

  • 9 · Other employee benefits

    total $498,656 · program services $498,656

  • 10 · Payroll taxes

    total $1,272,809 · program services $1,272,809

  • 11a · Fees: management

    total $1,939,611 · management and general $1,939,611

  • 11b · Fees: legal

    total $525,110 · management and general $525,110

  • 11c · Fees: accounting

    total $63,000 · management and general $63,000

  • 11g · Fees: other

    total $174,731 · management and general $174,731

  • 12 · Advertising and promotion

    total $885,099 · program services $885,099

  • 13 · Office expenses

    total $604,837 · program services $604,837

  • 14 · Information technology

    total $368,894 · program services $368,894

  • 16 · Occupancy

    total $1,623,862 · program services $1,623,862

  • 17 · Travel

    total $44,549 · management and general $44,549

  • 20 · Interest

    total $9,941,515 · program services $9,941,515

  • 22 · Depreciation, depletion and amortization

    total $6,111,191 · program services $6,111,191

  • 23 · Insurance

    total $1,448,278 · program services $1,448,278

  • 24a · Other expenses: RESIDENTS CARE

    total $3,989,496 · program services $3,989,496

  • 24b · Other expenses: REPAIRS & MAINTENANCE

    total $2,157,407 · program services $2,157,407

  • 24c · Other expenses: MISCELLANEOUS ADMINISTR

    total $710,631 · management and general $710,631

  • 24d · Other expenses: RESIDENT ACTIVITIES

    total $208,469 · program services $208,469

  • 24e · All other expenses

    total $153,384 · program services $153,384

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,363,467 · end of year $3,557,138

  • 2 · Savings and temporary cash investments

    beginning of year $865,905 · end of year $552,048

  • 4 · Accounts receivable

    beginning of year $132,258 · end of year $215,487

  • 9 · Prepaid expenses and deferred charges

    beginning of year $627,548 · end of year $550,031

  • 10a · Land, buildings and equipment: cost or other basis

    $224,289,487

  • 10b · Land, buildings and equipment: accumulated depreciation

    $40,889,112

  • 10c · Land, buildings and equipment, net

    beginning of year $185,254,239 · end of year $183,400,375

  • 14 · Intangible assets

    beginning of year $8,281,018 · end of year $7,838,145

  • 15 · Other assets

    beginning of year $14,307,988 · end of year $7,390,531

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,902,111 · end of year $7,402,277

  • 19 · Deferred revenue

    beginning of year $788,808 · end of year $449,785

  • 20 · Tax-exempt bond liabilities

    beginning of year $209,754,805 · end of year $207,132,812

  • 23 · Secured mortgages and notes payable

    beginning of year $10,750,000 · end of year $9,725,000

  • 25 · Other liabilities

    beginning of year $0 · end of year $60,036

  • 27 · Net assets without donor restrictions

    beginning of year -$17,363,301 · end of year -$21,266,155

Mission and programs · 2023

Mission

IT IS THE MISSION OF CARDINAL BAY, INC., TO ASSERT EFFORTS TOWARDS DEVELOPING, FINANCING AND OPERATING FOR THE LONG-TERM, QUALITY, STABLE AND HEALTHY, PROGRAM-ENRICHED, AFFORDABLE HOUSING FOR FAMILIES, SENIOR CITIZENS AND PEOPLE WITH SPECIAL NEEDS.

Activities or mission (Part I)

TO ASSERT EFFORTS TOWARDS DEVELOPING, FINANCING AND OPERATING FOR THE LONG-TERM, QUALITY, STABLE AND HEALTHY, PROGRAM-ENRICHED, AFFORDABLE HOUSING FOR FAMILIES, SENIOR CITIZENS AND PEOPLE WITH SPECIAL NEEDS.

  • EIGHT SENIOR LIVING FACILITIES PROVIDING 1,037 QUALITY AFFORDABLE INDEPENDENT LIVING, ASSISTED LIVING, AND MEMORY SUPPORT UNITS FOR SENIOR CITIZENS.

    Expenses $42,378,937 · Revenue $41,680,205

As filed on the 2023 return.

Listed in Part VII

  • Robbie L Wittner

    CHAIRMAN, COO, SECRETARY

    Total calculated
    $28,377
    From this org
    $0
    From related orgs
    $0
    Other
    $28,377
    Hours/week
    1 + 1 related

  • Lloyd Kitchen III

    PRESIDENT, CHAIRMAN, TREASURER

    Total calculated
    $178,027
    From this org
    $20,000
    From related orgs
    $145,348
    Other
    $12,679
    Hours/week
    5 + 40 related

    Schedule J breakdown matched by us

    Base
    $20,000 + $145,348 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $12,679 related
    Filer's total
    $20,000 + $158,027 related

  • Doug Lee

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 1 related

  • Ernest Garcia

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 1 related

  • Laurence P Dahl

    DIRECTOR

    Total calculated
    $20,000
    From this org
    $20,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Matthew H Pehrson

    SECRETARY

    Total calculated
    $20,000
    From this org
    $20,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Robert E Ogle

    DIRECTOR

    Total calculated
    $20,000
    From this org
    $20,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Lloyd Kitchen

    EXECUTIVE VICE PRESIDENT

    Total calculated
    $19,256
    From this org
    $0
    From related orgs
    $0
    Other
    $19,256
    Hours/week
    1 + 1 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Housing allowance or residence for personal use
  • 1a · Payments for business use of a personal residence
  • 1a · Personal services (maid, chauffeur, chef)
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues

Answered no

  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 5
THE ORGANIZATION AND ITS AFFILIATES HAVE AN EMPLOYMENT CONTRACT WITH ROBBIE WITTNER, THE CHAIRMAN, COO, AND SECRETARY OF THE ORGANIZATION, TO COMPENSATE HER FOR HER SERVICES TO THE ORGANIZATION. THE CURRENT CONTRACT ALLOWS FOR BASE COMPENSATION PLUS MEDICAL BENEFITS AND CAR ALLOWANCE. THE ORGANIZATION AND ITS AFFILIATES ALSO HAVE AN EMPLOYMENT CONTRACT FOR LLOYD KITCHEN, THE EXECUTIVE VICE PRESIDENT, TO COMPENSATE HIM FOR HIS SERVICES TO THE ORGANIZATION AND ITS AFFILIATES. THE CURRENT CONTRACT ALLOWS FOR BASE COMPENSATION PLUS MEDICAL BENEFITS AND CAR ALLOWANCE. DUE TO LACK OF FUNDS, SOME OF THE COMPENSATION HAS BEEN DEFERRED BY THE ORGANIZATION AND ITS AFFILIATES.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
13 November 2024
IRS schema version
2023v5.1
Source object
202443199349307689

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.