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Nonprofiteer
← BAYVIEW FOUNDATION INC

Form 990 for tax year 2022

Filed by BAYVIEW FOUNDATION INC.

Totals

Total revenue
$3,880,160
Total expenses
$1,337,482
Contributions and grants received
$3,168,303
Grants paid
$0
Program service revenue
$195,277
Investment income
$76,884
Other revenue
$439,696
Total assets, end of year
$9,631,106
Total liabilities, end of year
$59,277
Net assets or fund balances, end of year
$9,571,829
Program services expenses (Part IX)
$1,009,197
Management and general expenses
$155,609
Fundraising expenses
$172,676
Program service expenses (Part III)
$1,009,197

Program services were 75.5% 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

    $8,575

  • 1e · Government grants (contributions)

    $580,870

  • 1f · All other contributions, gifts and grants

    $2,578,858

  • 1g · Noncash contributions included above

    $61,316

  • 2a · Program service revenue: PROPERTY MANAGEMENT FEE

    total $128,327 · related or exempt $128,327

  • 2b · Program service revenue: COMPANY ADMIN FEE

    total $66,950 · related or exempt $66,950

  • 3 · Investment income

    total $206,285 · excluded $206,285

  • 7a · Gross sales of assets other than inventory

    securities $5,804,476

  • 7b · Less cost or other basis and sales expenses

    securities $5,933,877

  • 7c · Gain or loss

    securities -$129,401

  • 7d · Net gain or loss

    total -$129,401 · excluded -$129,401

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $439,696 · related or exempt $439,696

  • 11e · Other revenue, total

    $439,696

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $112,152 · program services $32,266 · management and general $27,909 · fundraising $51,977

  • 7 · Other salaries and wages

    total $739,762 · program services $624,510 · management and general $55,259 · fundraising $59,993

  • 8 · Pension plan contributions

    total $26,341 · program services $20,234 · management and general $2,829 · fundraising $3,278

  • 9 · Other employee benefits

    total $129,413 · program services $85,016 · management and general $17,892 · fundraising $26,505

  • 10 · Payroll taxes

    total $63,142 · program services $49,542 · management and general $6,309 · fundraising $7,291

  • 11a · Fees: management

    total $10,056 · program services $3,017 · management and general $6,033 · fundraising $1,006

  • 11b · Fees: legal

    total $1,748 · program services $1,748

  • 11c · Fees: accounting

    total $26,015 · program services $20,812 · management and general $2,602 · fundraising $2,601

  • 11g · Fees: other

    total $87,477 · program services $51,159 · management and general $24,211 · fundraising $12,107

  • 12 · Advertising and promotion

    total $687 · management and general $270 · fundraising $417

  • 13 · Office expenses

    total $20,935 · program services $10,290 · management and general $5,960 · fundraising $4,685

  • 14 · Information technology

    total $5,823 · program services $1,351 · management and general $1,999 · fundraising $2,473

  • 16 · Occupancy

    total $29,367 · program services $27,851 · management and general $1,516

  • 19 · Conferences, conventions and meetings

    total $7,759 · program services $5,271 · management and general $2,145 · fundraising $343

  • 22 · Depreciation, depletion and amortization

    total $5,936 · program services $5,936

  • 23 · Insurance

    total $1,152 · program services $477 · management and general $675

  • 24a · Other expenses: COMMUNITY CENTER EXPENS

    total $69,172 · program services $69,172

  • 24b · Other expenses: MISCELLANEOUS EXPENSES

    total $545 · program services $545

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $245,750 · end of year $458,830

  • 2 · Savings and temporary cash investments

    beginning of year $84,029 · end of year $337,920

  • 3 · Pledges and grants receivable

    beginning of year $710,270 · end of year $1,643,748

  • 4 · Accounts receivable

    beginning of year $133,092 · end of year $270,731

  • 7 · Other notes and loans receivable

    beginning of year $1,400,299 · end of year $2,190,740

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,823 · end of year $31,228

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

    $142,787

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

    $98,874

  • 10c · Land, buildings and equipment, net

    beginning of year $49,849 · end of year $43,913

  • 12 · Investments: other securities

    beginning of year $2,363,128 · end of year $3,094,030

  • 13 · Investments: program-related

    beginning of year $101 · end of year $64

  • 15 · Other assets

    beginning of year $2,365,082 · end of year $1,559,902

  • 17 · Accounts payable and accrued expenses

    beginning of year $52,790 · end of year $59,277

  • 19 · Deferred revenue

    beginning of year $25,000 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $5,745,765 · end of year $5,302,305

  • 28 · Net assets with donor restrictions

    beginning of year $1,529,868 · end of year $4,269,524

Mission and programs · 2022

Mission

THE BAYVIEW FOUNDATION SUPPORTS ITS CULTURALLY DIVERSE, LOW-INCOME FAMILIES IN REALIZING THEIR ASPIRATIONS BY PROVIDING AFFORDABLE HOUSING, FOSTERING CULTURAL PRIDE, AND BUILDING COMMUNITY THROUGH THE ARTS, EDUCATION, AND RECREATION.

Activities or mission (Part I)

BAYVIEW FOUNDATION, INC. IS A NONPROFIT ORGANIZATION THAT PROVIDES AFFORDABLE HOUSING AND SUPPORTIVE SERVICES TO LOW INCOME RESIDENTS. BAYVIEW IS MADE UP OF BAYVIEW TOWNHOUSES, A SECTION 8 PROJECT BASED DEVELOPMENT THAT INCLUDES 102 TWO AND THREE BEDROOM TOWNHOUSE STYLE APARTMENT UNITS AND A COMPREHENSIVE COMMUNITY CENTER LOCATED IN THE MIDDLE OF THE HOUSING DEVELOPMENT.MISSION: THE BAYVIEW FOUNDATION SUPPORTS ITS CULTURALLY DIVERSE, LOW-INCOME FAMILIES IN REALIZING THEIR ASPIRATIONS BY PROVIDING AFFORDABLE HOUSING, FOSTERING CULTURAL PRIDE, AND BUILDING COMMUNITY THROUGH THE ARTS, EDUCATION, AND RECREATION.

  • BAYVIEW MANAGES 102 UNITS OF RESIDENTIAL HOUSING INTENDED FOR LOW TO MODERATE INCOME HOUSEHOLDS IN MADISON, WI. THE MAJORITY OF THE HOUSING UNITS ARE COVERED BY A SECTION 8 CONTRACT WITH THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT. APPROXIMATELY 275 RESIDENTS LIVE AT BAYVIEW. BAYVIEW IS IN THE PROCESS OF REDEVELOPING AND WILL GROW TO 130 UNITS BY THE END OF 2024.

    Expenses $385,460 · Revenue $195,277

  • BAYVIEW'S CENTRALLY LOCATED COMMUNITY CENTER PROVIDES SOCIAL, RECREATIONAL, EDUCATIONAL AND CULTURAL PROGRAMS TO BAYVIEW RESIDENTS AS WELL AS THE TRIANGLE AND MONONA BAY NEIGHBORHOODS AT LARGE. THOUSANDS OF RESIDENTS ARE SERVED BY CENTER SERVICES EACH YEAR. IN 2022, BAYVIEW'S FOOD PANTRY PROVIDED 132,005 POUNDS OF FOOD TO FAMILIES IN NEED AND PROVIDED OVER 3,000 PROGRAM HOURS IN OUT OF SCHOOL PROGRAMMING, FOOD ACCESS, SENIOR AND ADULT PROGRAMS AND MENTAL HEALTH SUPPORT.

    Expenses $623,737

As filed on the 2022 return.

Listed in Part VII

  • MARY BERRYMAN AGARD

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • CRAIG STANLEY

    VICE-PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • SCOTT THORNTON

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • JEAN BERG

    CO-SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • ASSITA DIARRA

    CO-SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • KEN AXE

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • JAMES CORONA

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • XONG VANG

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • TAG EVERS

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • ALEXIS LONDON

    EXECUTIVE DIRECTOR

    Total calculated
    $112,152
    From this org
    $91,231
    From related orgs
    $0
    Other
    $20,921
    Hours/week
    40

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.

Grants on this return

No itemized grants to organizations on this return.

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 corporations and trusts

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

  • BAYVIEW HOUSING MM LLC

    C · RENTAL REAL ESTATE HOUSING - MANAGING MEMBER · WI · 100% owned · share of income -$70 · share of assets $94,992

    Directly controlled by BAYVIEW FOUNDATION INC

Provenance

Return type
form_990
Tax year
2022
Filed
19 September 2023
IRS schema version
2022v5.0
Source object
202342909349301109

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