Overview
What is Bayview Foundation Inc?
Bayview Foundation Inc, established in Madison, Wisconsin, is a nonprofit organization dedicated to providing affordable housing and supportive services to low-income families. With a current capacity of 102 residential units, the foundation predominantly operates under a Section 8 contract with the U.S. Department of Housing and Urban Development. The majority of residents, approximately 275 individuals, reside at Bayview. The foundation is in the process of redevelopment, aiming to expand its housing units to 130 by 2024. The mission of Bayview Foundation Inc is to support its culturally diverse, low-income families in realizing their aspirations by providing affordable housing, fostering cultural pride, and building community through arts, education, and recreation. This is accomplished through Bayview Townhouses, a Section 8 project-based development featuring two and three-bedroom townhouse-style apartment units, as well as a comprehensive community center.
Official website here: www.bayviewfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 100% - Four-Star out of Four Star Rating
Bayview Foundation Inc has achieved a top rating from Charity Navigator, reflecting its strong commitment to accountability and financial health. This score is based exclusively on their performance in the Accountability & Finance beacon, indicating the organization’s dedication to transparency and responsible management of resources.
The organization boasts a fully independent board of ten members, which is vital for governance. Their robust financial management is demonstrated through a perfect score in several key areas, including having no material diversion of assets and a high program expense ratio of 79.80%. The foundation's proactive measures, such as a whistleblower policy and regular distribution of financial statements to board members, further emphasize their accountability practices.
While Bayview Foundation Inc excels in financial oversight and governance, the data does not highlight specific programmatic outcomes or community impact, which are important elements when evaluating overall effectiveness. Nonetheless, the organization's strong financial metrics and governance practices position it as a trustworthy nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Bayview Foundation Inc legitimate?
Bayview Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bayview Foundation 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: $112,152
Professional Fundraising Fees: $0
Other Salaries and Wages: $739,762
For more financial information, click here
Official website here: www.bayviewfoundation.org
What is the mission statement of Bayview Foundation Inc?
The Bayview Foundation Inc, as a nonprofit organization, supports its culturally diverse, low-income families in achieving their aspirations by providing affordable housing, fostering cultural pride, and promoting community building through arts, education, and recreation. The foundation's mission is carried out by managing residential housing for low to moderate income households and providing resources that empower its residents to thrive. The comprehensive community center located within the Bayview Townhouses, a Section 8 project-based development, serves as a hub for these activities. The Bayview Foundation's mission is centered around creating an inclusive environment that allows its residents to flourish.
Official website here: www.bayviewfoundation.org
Who is the CEO of Bayview Foundation Inc?
Alexis London is the President of Bayview Foundation Inc.
Official website here: www.bayviewfoundation.org
What is the revenue of Bayview Foundation Inc?
Bayview Foundation Inc's revenue in 2022 was $3,880,160.
Official website here: www.bayviewfoundation.org
Who are the executives of Bayview Foundation Inc and what are their salaries?
The average compensation at Bayview Foundation Inc during 2022 was $25,056. There are 34 employees and 75 volunteers at Bayview Foundation Inc.
Here are 10 key members and their salaries:
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- Compensation: $91,231
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- Other: $20,921
Official website here: www.bayviewfoundation.org
Where can I find the form 990 for Bayview Foundation Inc?
Bayview Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.bayviewfoundation.org
Learn more at the official website: www.bayviewfoundation.org
Mission Statement of Bayview Foundation Inc
Bayview Foundation Inc, a nonprofit organization, strives to support its culturally diverse, low-income families in realizing their aspirations. It accomplishes this mission by providing affordable housing, fostering a sense of cultural pride, and promoting community building through the arts, education, and recreation. By offering affordable housing, Bayview Foundation Inc ensures that families in need have a stable living environment, enabling them to focus on other aspects of their lives. The organization's commitment to cultural pride nurtures a sense of belonging and self-esteem among its residents, while the emphasis on community building through various activities encourages interaction and strengthens social bonds.
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Impact
July, 2024
Bayview Foundation Inc provides affordable housing and supportive services to low-income residents in Madison, WI. Through its Bayview Townhouses project, the organization manages 102 residential units for low to moderate-income households, predominantly covered by a Section 8 contract with the U.S. Department of Housing and Urban Development. This initiative impacts approximately 275 residents, supporting culturally diverse families in realizing their aspirations. Bayview Foundation's mission includes fostering cultural pride, building community through the arts, education, and recreation, and actively working towards expanding its housing units to 130 by the end of 2024.
This information is meant to be a general summary of Bayview Foundation 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: $76,884
- Program Service Revenue: $195,277
- Gross Receipts: $9,814,037
Assets and Liabilities:
- Total Assets: $9,631,106
- Total Liabilities: $59,277
- Net Assets: $9,571,829
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROPERTY MANAGEMENT FEE
Revenue
$128,327
COMPANY ADMIN FEE
Revenue
$66,950
Organization Details
Founding Year
1966
Phone
(608) 256-7808Principal Officer
Alexis London
Main Address
601 BAY VIEW, MADISON, WI, 53715
Website
www.bayviewfoundation.orgNTEE Category
Code: L20 - Housing
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