Baywood Apartments Inc

Analysis

Baywood Apartments Inc is a registered charity in United States, based in Hayward, CA. It received its IRS tax-exemption ruling in November 1991, 35 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Baywood Apartments Inc reported income of $19.3m and spending of $664k, leaving 97% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $7.2m to $19.3m (+169%), an average of +28% a year. The sharpest change came in the year to December 2023, when income rose by 13927%. Over the whole period it spent 161% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Baywood Apartments Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within CA. Charities of a similar size with the same main cause include Firemens Association of the State of New York ($19.2m), Indianapolis Senior Care LLC ($19.3m) and Rhg-Afforable Housing II Inc ($19.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. At year end it held assets of $33.0m against liabilities of $738k, net assets of $32.2m.