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Cardinal Bay Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 352440075 ✦ Lakeway, TX ✦ Designated as a 501(c)(3)

Overview

What is Cardinal Bay Inc?

Cardinal Bay Inc, a nonprofit organization based in Lakeway, Texas, focuses on developing, financing, and managing long-term, quality, and healthy, program-enriched affordable housing for families, senior citizens, and individuals with special needs. With a mission to assert efforts in this direction, the organization owns and operates eight senior living facilities, providing 1,037 affordable units for independent living, assisted living, and memory support. These facilities cater to the needs of senior citizens, ensuring a stable and healthy living environment for them.


Is Cardinal Bay Inc legitimate?

Cardinal Bay Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cardinal 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.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $11,823,231

For more financial information, click here


What is the mission statement of Cardinal Bay Inc?
Who is the CEO of Cardinal Bay Inc?
What is the revenue of Cardinal Bay Inc?
Who are the executives of Cardinal Bay Inc and what are their salaries?
Where can I find the form 990 for Cardinal Bay Inc?

Mission Statement of Cardinal Bay Inc

Cardinal Bay Inc, a dedicated organization, is committed to making significant strides in the development, financing, and long-term operation of stable and healthy, affordable housing for families, senior citizens, and people with special needs. This mission is geared towards creating quality living environments that cater to the unique needs of various communities.

The heart of Cardinal Bay Inc's work lies in its effort to develop and maintain program-enriched housing options. These housing solutions are designed to provide residents with a sense of security and independence. The organization's portfolio includes 1,037 units of affordable independent living, assisted living, and memory support units for senior citizens. With a focus on quality and stability, Cardinal Bay Inc ensures that each and every living space under its care is designed to meet the specific needs of its residents.

Cardinal Bay Inc's unwavering dedication to its mission is evident in its tireless efforts to establish and sustain affordable housing options for those who need it most. The organization's goal is to create healthy, supportive communities where individuals can thrive. By providing affordable housing options, Cardinal Bay Inc is empowering its residents to lead fulfilling lives and focus on their personal growth. In doing so, the organization is making a tangible impact on the lives of families, senior citizens, and people with special needs.

Impact

This information is meant to be a general summary of Cardinal Bay Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




Thursday, August 15, 2024

Cardinal Bay Inc's impact can be seen in the provision of quality, stable, and healthy housing options for families, senior citizens, and people with special needs. Through their eight senior living facilities in Lakeway, Texas, they offer 1,037 affordable independent living, assisted living, and memory support units for senior citizens. Their mission to develop, finance, and operate long-term, program-enriched affordable housing demonstrates a commitment to improving the lives of vulnerable populations in the community. By focusing on human services and providing essential housing options, Cardinal Bay Inc is making a significant impact on the well-being and quality of life of those they serve.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $169,529
  • Program Service Revenue: $39,165,170
  • Gross Receipts: $39,334,699

    • Assets and Liabilities:
  • Total Assets: $210,832,423
  • Total Liabilities: $228,195,724
  • Net Assets: -$17,363,301
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    RENT REVENUE

    Revenue

    $39,137,312

    LAUNDRY & VENDING

    Revenue

    $27,858

    Organization Details

    Founding Year

    2012

    Principal Officer

    Robbie L Wittner

    Main Address

    317 MARTINIQUE PASS, LAKEWAY, TX, 78734

    NTEE Category

    Code: P81 - Human services

    If you are a representative of Cardinal Bay Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.