Bay Homes Development Corp

Analysis

Bay Homes Development Corp is a registered charity in United States, based in Suisun City, CA. It received its IRS tax-exemption ruling in June 1997, 29 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Bay Homes Development Corp reported income of $474k and spending of $572k, spending 121% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $408k to $474k (+16%), an average of +3.8% a year. Over the whole period it spent 112% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Bay Homes Development Corp sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 71st percentile within CA. Charities of a similar size with the same main cause include Diakonia Housing Inc ($474k), Epsom Elderly Housing Inc ($474k) and Aallapattah Wynwood Community and Development Center ($474k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $648k against liabilities of $2.1m, net assets of -$1.4m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.