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.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 56% - One-Star out of Four Stars
Cardinal Bay Inc has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial management. The organization's score reflects a lack of independent board members and insufficient transparency in governance practices. While it has a strong financial audit score, issues such as the absence of a whistleblower policy and poor documentation practices raise red flags.
Strengths of Cardinal Bay Inc include a solid program expense ratio, demonstrating that funds are directed towards its charitable programs. The organization has also shown compliance in critical areas such as material diversion of assets and the maintenance of board meeting minutes. However, the overall lack of independent oversight and governance structures is a notable weakness that may affect donor confidence and long-term sustainability.
In summary, while Cardinal Bay Inc is successfully executing its programs, it struggles with governance and transparency issues. Prospective donors should weigh these factors carefully, as the organization's low accountability score could influence their decision to support its mission.
This AI summary has been generated from information found on Charity Navigator.
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.
Heare 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?
Cardinal Bay Inc is dedicated to making a long-term commitment to creating and managing affordable housing for families, senior citizens, and individuals with special needs. Their mission is to develop, finance, and operate high-quality, stable, and healthy living spaces that offer a range of program-enriched housing options, including independent living, assisted living, and memory support units. By doing so, they aim to provide housing solutions that cater to the diverse needs of their residents. Currently, Cardinal Bay Inc manages eight senior living facilities, offering a total of 1,037 affordable and quality housing units.
Who is the CEO of Cardinal Bay Inc?
Robbie L Wittner is the Chairman, Coo, Secretary of Cardinal Bay Inc.
What is the revenue of Cardinal Bay Inc?
Cardinal Bay Inc's revenue in 2022 was $39,334,699.
Who are the executives of Cardinal Bay Inc and what are their salaries?
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $39,398
- Compensation: $0
- Related: $115,725
- Other: $21,735
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $21,729
Where can I find the form 990 for Cardinal Bay Inc?
Cardinal Bay Inc's most recent form 990 was submitted in 2022 and can be accessed here.
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.
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Impact
October, 2024
Cardinal Bay Inc significantly impacts the community by developing and operating affordable housing solutions tailored to families, senior citizens, and individuals with special needs. With eight senior living facilities providing 1,037 units for independent living, assisted living, and memory support, the organization addresses the crucial need for accessible, quality housing. Their commitment to creating stable and health-focused environments fosters not only physical well-being but also a sense of community among residents. By enriching these living spaces with programs and services, Cardinal Bay enhances the quality of life for some of the most vulnerable populations, ensuring they have the support and resources necessary for a fulfilling lifestyle.
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.
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 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
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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
Phone
(972) 980-4805Principal Officer
Robbie L Wittner
Main Address
317 MARTINIQUE PASS, LAKEWAY, TX, 78734
NTEE Category
Code: P81 - Human services
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