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Nonprofiteer
← CARDINAL BAY INC

Form 990 for tax year 2022

Filed by CARDINAL BAY INC.

Totals

Total revenue
$39,334,699
Total expenses
$44,843,774
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$39,165,170
Investment income
$169,529
Other revenue
$0
Total assets, end of year
$210,832,423
Total liabilities, end of year
$228,195,724
Net assets or fund balances, end of year
-$17,363,301
Program services expenses (Part IX)
$39,728,684
Management and general expenses
$5,115,090
Fundraising expenses
$0
Program service expenses (Part III)
$39,728,684

Program services were 88.6% 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 $39,137,312 · related or exempt $39,137,312

  • 2b · Program service revenue: LAUNDRY & VENDING

    total $27,858 · related or exempt $27,858

  • 3 · Investment income

    total $169,529 · excluded $169,529

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $11,823,231 · program services $11,823,231

  • 8 · Pension plan contributions

    total $65,608 · program services $65,608

  • 9 · Other employee benefits

    total $535,159 · program services $535,159

  • 10 · Payroll taxes

    total $1,129,762 · program services $1,129,762

  • 11a · Fees: management

    total $1,552,534 · management and general $1,552,534

  • 11b · Fees: legal

    total $2,453,059 · management and general $2,453,059

  • 11c · Fees: accounting

    total $53,000 · management and general $53,000

  • 11g · Fees: other

    total $205,355 · management and general $205,355

  • 12 · Advertising and promotion

    total $794,074 · program services $794,074

  • 13 · Office expenses

    total $647,632 · program services $647,632

  • 14 · Information technology

    total $259,228 · program services $259,228

  • 16 · Occupancy

    total $1,594,676 · program services $1,594,676

  • 17 · Travel

    total $23,260 · management and general $23,260

  • 20 · Interest

    total $10,072,814 · program services $10,072,814

  • 22 · Depreciation, depletion and amortization

    total $6,019,419 · program services $6,019,419

  • 23 · Insurance

    total $1,307,713 · program services $1,307,713

  • 24a · Other expenses: RESIDENTS CARE

    total $3,511,104 · program services $3,511,104

  • 24b · Other expenses: REPAIRS & MAINTENANCE

    total $1,706,270 · program services $1,706,270

  • 24c · Other expenses: MISCELLANEOUS ADMINISTR

    total $827,882 · management and general $827,882

  • 24d · Other expenses: RESIDENT ACTIVITIES

    total $216,146 · program services $216,146

  • 24e · All other expenses

    total $45,848 · program services $45,848

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $390,525 · end of year $1,363,467

  • 2 · Savings and temporary cash investments

    beginning of year $1,147,786 · end of year $865,905

  • 4 · Accounts receivable

    beginning of year $113,974 · end of year $132,258

  • 9 · Prepaid expenses and deferred charges

    beginning of year $422,047 · end of year $627,548

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

    $220,475,032

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

    $35,220,793

  • 10c · Land, buildings and equipment, net

    beginning of year $189,898,067 · end of year $185,254,239

  • 14 · Intangible assets

    beginning of year $8,729,739 · end of year $8,281,018

  • 15 · Other assets

    beginning of year $17,649,075 · end of year $14,307,988

  • 17 · Accounts payable and accrued expenses

    beginning of year $8,663,415 · end of year $6,902,111

  • 19 · Deferred revenue

    beginning of year $667,671 · end of year $788,808

  • 20 · Tax-exempt bond liabilities

    beginning of year $209,055,654 · end of year $209,754,805

  • 23 · Secured mortgages and notes payable

    beginning of year $11,745,000 · end of year $10,750,000

  • 25 · Other liabilities

    beginning of year $73,699 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year -$11,854,226 · end of year -$17,363,301

Mission and programs · 2022

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 $39,728,684 · Revenue $39,165,170

As filed on the 2022 return.

Listed in Part VII

  • Robbie L Wittner

    CHAIRMAN, COO, SECRETARY

    Total calculated
    $39,398
    From this org
    $0
    From related orgs
    $0
    Other
    $39,398
    Hours/week
    1 + 40 related

  • Lloyd Kitchen III

    PRESIDENT

    Total calculated
    $137,460
    From this org
    $0
    From related orgs
    $115,725
    Other
    $21,735
    Hours/week
    1 + 40 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

  • Lloyd Kitchen

    EXECUTIVE VICE PRESIDENT

    Total calculated
    $21,729
    From this org
    $0
    From related orgs
    $0
    Other
    $21,729
    Hours/week
    1 + 40 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.

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
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202313189349306786

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