Overview
What is Coville Bay Inc?
Coville Bay Inc is a nonprofit organization that specializes in providing affordable housing for senior citizens. Situated in the United States, they have successfully constructed and manage three low-income apartment buildings, totalling 38 units. These buildings were financed through Federal Housing Administration (FHA) loans and benefit from interest subsidies. The organization's mission is to ensure that senior citizens have access to safe, comfortable living spaces, thereby contributing to their well-being and quality of life.
Is Coville Bay Inc legitimate?
Coville Bay Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Coville Bay Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $40,960
Professional Fundraising Fees: $0
Other Salaries and Wages: $42,355
For more financial information, click here
What is the mission statement of Coville Bay Inc?
Coville Bay Inc is committed to providing affordable housing for senior citizens. They manage three low-income apartment buildings, totalling 38 units, which were constructed using Federal Housing and Mortgage Administration (FMHA) loans and interest subsidies. The organization's mission is to ensure these senior residents have access to suitable living spaces, thereby contributing to their overall well-being and quality of life. By offering subsidized rent, Coville Bay Inc helps to alleviate housing-related financial burdens for this vulnerable demographic, allowing them to focus on other aspects of their senior years.
What is the revenue of Coville Bay Inc?
Coville Bay Inc's revenue in 2024 was $392,546.
Who are the executives of Coville Bay Inc and what are their salaries?
The average compensation at Coville Bay Inc during 2024 was $16,663. There are 5 employees at Coville Bay Inc.
Here are 14 key members and their salaries:
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Where can I find the form 990 for Coville Bay Inc?
Coville Bay Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Coville Bay Inc
Coville Bay Inc, a nonprofit organization, is committed to providing affordable housing for senior citizens. They have constructed and manage three low-income apartment buildings, accommodating a total of 38 units. Funding for these buildings comes from Federal Housing Administration (FHA) loans and interest subsidies, ensuring that these residences remain affordable for their elderly inhabitants. By maintaining these properties, Coville Bay Inc is contributing to the well-being of senior citizens, providing them with a safe and suitable living environment.
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Impact
October, 2024
Coville Bay Inc plays a vital role in addressing housing needs for senior citizens in Fort Covington, NY. By managing three low-income apartment buildings, which consist of a total of 38 units, the organization ensures that vulnerable seniors have access to safe, affordable housing. The use of FMHA loans and interest subsidies allows them to maintain these properties effectively, providing stability for residents who may face financial challenges. This commitment to affordable senior housing not only enhances the quality of life for its residents but also fosters a sense of community and belonging among the aging population. Coville Bay Inc’s focus on housing reflects a significant impact on local social well-being and supports the dignity of seniors in the region.
This information is meant to be a general summary of Coville Bay Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $864
- Program Service Revenue: $286,971
- Gross Receipts: $392,546
Assets and Liabilities:
- Total Assets: $326,270
- Total Liabilities: $1,068,406
- Net Assets: -$742,136
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Fees & Contracts Gov Agencies
Revenue
$147,422
LAUNDRY INCOME
Revenue
$2,140
RENTAL INCOME
Revenue
$137,409
Organization Details
Founding Year
1982
Principal Officer
Donald Dabiew
NTEE Category
Code: L22 - Housing
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