Bay House Housing Development Corporation

Organization Overview

Bay House Housing Development Corporation is located in Yonkers, NY. The organization was established in 2017. According to its NTEE Classification (L40) the organization is classified as: Temporary Housing, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bay House Housing Development Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Bay House Housing Development Corporation generated $153.0k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 11.5% each year . All expenses for the organization totaled $219.5k during the year ending 12/2021. While expenses have increased by 11.0% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO DEVELOP 157 BRUCE AVE IN YONKERS NY FOR THE PURPOSE OF CREATING THE HOUSING FOR LOW INCOME INDIVIDUALS AND FAMILIES ON REAL PROPERTY TO BE OWNED BY THE CORPORATION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO DEVELOP 157 BRUCE AVE IN YONKERS NY FOR THE PURPOSE OF CREATING THE HOUSING FOR LOW INCOME INDIVIDUALS AND FAMILIES ON REAL PROPERTY TO BE OWNED BY THE CORPORATION. BAY HOUSE HOUSING DEVELOPMENT FUND WILL PROVIDE TRANSITIONAL LIVING HOUSING FOR YOUNG ADULTS AGES 18-24. THE ORGANIZATION IS ALSO WORKING WITH WESTHAB, WHO IS PARTNERING WITH CHILDREN'S VILLAGE TO PROVIDE SUPPORT SERVICES. (SEE SCHEDULE O FOR DETAILS).


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Board, Officers & Key Employees

Name (title)Compensation
Richard Nightingale
Secretary/treasurer
$0
Jesse Krasnow
President
$0
Jefferson Boyce
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$63,853
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$63,853
Total Program Service Revenue$88,800
Investment income $394
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $153,047

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