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Nonprofiteer
← BAYBERRY COURTS INC

Form 990 for tax year 2024

Filed by BAYBERRY COURTS INC.

Totals

Total revenue
$95,429
Total expenses
$178,829
Contributions and grants received
$51,389
Grants paid
$0
Program service revenue
$41,628
Investment income
$18
Other revenue
$2,394
Total assets, end of year
$1,452,493
Total liabilities, end of year
$2,086,208
Net assets or fund balances, end of year
-$633,715
Program services expenses (Part IX)
$137,703
Management and general expenses
$41,126
Fundraising expenses
$0
Program service expenses (Part III)
$137,703

Program services were 77.0% 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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $51,389

  • 1f · All other contributions, gifts and grants

    $0

  • 1g · Noncash contributions included above

    $0

  • 2a · Program service revenue: Client Rent

    total $41,628 · related or exempt $41,628 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $18 · related or exempt $0 · unrelated business $0 · excluded $18

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 8a · Fundraising events: contributions included on line 1c

    $0

  • 11a · Other revenue: Client Reimbursement Damages

    total $1,070 · related or exempt $0 · unrelated business $0 · excluded $1,070

  • 11b · Other revenue: Air Conditioning

    total $971 · related or exempt $0 · unrelated business $0 · excluded $971

  • 11c · Other revenue: Miscellaneous

    total $353 · related or exempt $0 · unrelated business $0 · excluded $353

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $2,394

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $28,972 · management and general $28,972

  • 11c · Fees: accounting

    total $12,154 · management and general $12,154

  • 16 · Occupancy

    total $35,480 · program services $35,480

  • 20 · Interest

    total $3,000 · program services $3,000

  • 22 · Depreciation, depletion and amortization

    total $49,085 · program services $49,085

  • 23 · Insurance

    total $1,389 · program services $1,389

  • 24a · Other expenses: Other Purchased Services

    total $36,311 · program services $36,311 · management and general $0 · fundraising $0

  • 24b · Other expenses: Repairs and Maintenance

    total $9,213 · program services $9,213 · management and general $0 · fundraising $0

  • 24c · Other expenses: Loss on Recapture of Residual Receipts

    total $3,225 · program services $3,225 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $17,635 · end of year $20,332

  • 2 · Savings and temporary cash investments

    beginning of year $28,026 · end of year $24,693

  • 4 · Accounts receivable

    beginning of year $5,028 · end of year $1,647

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

    $1,999,123

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

    $596,520

  • 10c · Land, buildings and equipment, net

    beginning of year $1,446,781 · end of year $1,402,603

  • 15 · Other assets

    beginning of year $3,126 · end of year $3,218

  • 17 · Accounts payable and accrued expenses

    beginning of year $84,607 · end of year $116,812

  • 21 · Escrow or custodial account liability

    beginning of year $3,126 · end of year $3,218

  • 25 · Other liabilities

    beginning of year $1,963,178 · end of year $1,966,178

  • 27 · Net assets without donor restrictions

    beginning of year -$550,315 · end of year -$633,715

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2024

Mission

Bayberry Courts, Inc. (Bayberry) is organized for charitable purposes to provide physically and mentally impaired persons with low-income housing facilities and access to services which are specifically designed to meet their physical, social, and physiological needs and to promote their health, security, and happiness.

  • To provide low-income housing and access to support services to people with physical and psychological challenges. Bayberry has a total of 10 units located at 1838 Kingstown Road in South Kingstown, Rhode Island. The occupancy rate was 94% during the fiscal year covered in this return. There were 234 vacant days among 3 of the 10 units during the fiscal year covered in this return. The waiting list as of 6/30/25 consisted of 29 individuals.

    Expenses $137,703 · Revenue $41,628

As filed on the 2024 return.

Listed in Part VII

  • Henry Sachs III

    President

    Total calculated
    $612,588
    From this org
    $0
    From related orgs
    $563,221
    Other
    $49,367
    Hours/week
    1 + 54 related

    Schedule J breakdown matched by us

    Base
    $0 + $483,379 related
    Bonus
    $0
    Other
    $0 + $79,842 related
    Deferred
    $0 + $20,651 related
    Nontaxable benefits
    $0 + $28,716 related
    Filer's total
    $0 + $612,588 related

  • Scott DiChristofero

    Former Officer

    Total calculated
    $188,030
    From this org
    $0
    From related orgs
    $175,943
    Other
    $12,087
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $0 + $175,943 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $12,087 related
    Filer's total
    $0 + $188,030 related

  • Jay Burdick

    Director

    Total calculated
    $0
    Hours/week
    0.05 + 0.45 related

  • Nicole M Corbin

    Secretary

    Total calculated
    $0
    Hours/week
    0.05 + 0.45 related

  • Michael Hogan

    Director

    Total calculated
    $0
    Hours/week
    0.05 + 0.45 related

  • Pamela S LaBreche

    Vice Chair

    Total calculated
    $0
    Hours/week
    0.1 + 0.9 related

  • Robert Mancini

    Chair

    Total calculated
    $0
    Hours/week
    0.05 + 0.45 related

  • Jospeh K Sabetta

    Treasurer

    Total calculated
    $0
    Hours/week
    0.05 + 0.45 related

  • David White

    Director

    Total calculated
    $0
    Hours/week
    0.1 + 0.9 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

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 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)

Schedule J, Part I, Line 3
Compensation of the Bayberry President is determined by the Compensation Committee of Brown University Health. This committee's determination process utilizes a combination of an independent compensation consultant, written employment contracts, and compensation studies/surveys, along with approval by the Brown University Health Board of Directors.
Schedule J, Part I, Line 4
Line 4a: The following individual received severance and/or change of control payments during the calendar year ending December 31, 2024: Scott DiChristofero, Former Officer: $173,077. Line 4b: Brown University Health, the sole member of Gateway, which is the sole member of Bayberry, offers a non-qualified supplemental employee retirement plan to certain executives. The following individual was credited with the amount indicated during calendar year 2024 and such amount is included in deferred compensation on Schedule J, Part II, Column C: Henry Sachs - $2,986. In 2024, the following individual became vested in and was paid a 2021 non-qualified supplemental employee retirement plan (SERP) amount and such amount is included in Medicare wages, more specifically on Schedule J, Part II, Column B(iii): Henry Sachs - $59,524. Participants included in Brown University Health's SERP are awarded plan contributions on a quarterly basis. Contributions and interest earned during a plan year vest after three years and are paid to plan participants at that time. SERP payments earned during the calendar year which have not yet vested are disclosed on Schedule J, Part II, Column C. Vested SERP payments received during the year are disclosed on Schedule J, Part II, Column B(iii) (as well as Column F if reported on Schedule J, Part II, Column C of a previously filed Form 990). Plan contributions awarded to participants who have reached age 62 become vested as of the beginning of the following calendar year.
Schedule J, Part I, Line 7
The Brown University Health Annual Incentive Compensation Plan provides a financial award opportunity for designated members of management, based on quantified objectives that are approved in advance by the Compensation Committee of the Brown University Health Board of Directors. A specified level of financial and non-financial performance must be met before any award is earned. The objectives vary from year to year and generally include various aspects of financial measures in addition to non-financial performance measures.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • Brown University Health Alliance LLC

    Accountable Care Organization · RI · 0% owned · share of income $0 · share of assets $0

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • Brown University Health MSO Inc

    C · Management Services · RI · 0% owned · share of income $0 · share of assets $0

  • Brown University Health Risk Services

    C · Risk Management · RI · 0% owned · share of income $0 · share of assets $0

  • Brown University Health Home Medical

    C · DME Sales · RI · 0% owned · share of income $0 · share of assets $0

Provenance

Return type
form_990
Tax year
2024
Filed
15 May 2026
IRS schema version
2024v5.0
Source object
202601359349310455

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