Baywood Court
- Assets
- $45.4m
- Revenue
- $24.8m
- Investments
- $0.0
- Employees
- 336
- Location
- Castro Valley, CA
- Founding
- 11/1985
- Data as of
- 06/2023
- EIN
- 94-2940176
Organization Overview
Baywood Court is located in Castro Valley, CA. The organization was established in 1985. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 06/2023, Baywood Court employed 336 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Baywood Court 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 06/2023, Baywood Court generated $24.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $22.8m during the year ending 06/2023. While expenses have increased by 4.2% per year over the past 8 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
OPERATION OF A SKILLED NURSING, AND INDEPENDENT AND ASSISTED LIVING FACILITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SKILLED NURSING: THE 56 BED HEALTH CENTER PROVIDES SKILLED NURSING CARE TO BAYWOOD COURT RESIDENTS AND THE SURROUNDING CASTRO VALLEY COMMUNITY.
INDEPENDENT LIVING:BAYWOOD COURT PROVIDES 170 SENIOR INDEPENDENT LIVING UNITS WITH A WIDE RANGE OF SOCIAL ACTIVITIES DESIGNED TO KEEP SENIORS ENGAGED.
ASSISTED LIVING:BAYWOOD COURT HAS 49 ASSISTED LIVING UNITS THAT PROVIDE A GREATER LEVEL OF CARE FOR SENIORS THAT REQUIRE ADDITIONAL ASSISTANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matt Neal CEO | Officer | 40 | $256,128 |
Kulwinder Bhatia Director Of Nursing | 40 | $178,703 | |
Dipa Gupta Administrator | Officer | 40 | $179,920 |
Nate Runas Director Of Operations | Officer | 40 | $156,284 |
Lisa Ray Controller | Officer | 40 | $173,324 |
Kim Konig Hr Director | 40 | $152,417 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Select Rehabilitation Rehab | 6/29/23 | $679,958 |
Kent Painting Painting | 6/29/23 | $185,800 |
Pharmerica Pharmacy | 6/29/23 | $175,880 |
Pike & Pham Marketing | 6/29/23 | $152,880 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $99,753 |
| All other contributions, gifts, grants, and similar amounts not included above | $30,685 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $130,438 |
| Total Program Service Revenue | $24,203,657 |
| Investment income | $547,051 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $6,000 |
| Net Gain/Loss on Asset Sales | -$112,619 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $4,536 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $24,779,063 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $171,720 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $810,628 |
| Compensation of current officers, directors, key employees. | $585,402 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,198,489 |
| Pension plan accruals and contributions | $208,103 |
| Other employee benefits | $1,260,912 |
| Payroll taxes | $838,537 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $60,260 |
| Fees for services: Accounting | $83,395 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $132,035 |
| Fees for services: Other | $729,431 |
| Advertising and promotion | $189,557 |
| Office expenses | $674,382 |
| Information technology | $315,401 |
| Royalties | $0 |
| Occupancy | $749,052 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $649,407 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,511,244 |
| Insurance | $492,909 |
| All other expenses | $467,140 |
| Total functional expenses | $22,789,057 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,395 |
| Savings and temporary cash investments | $276,600 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,200,954 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $452,176 |
| Net Land, buildings, and equipment | $17,928,675 |
| Investments—publicly traded securities | $25,401,744 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $89,980 |
| Total assets | $45,353,524 |
| Accounts payable and accrued expenses | $2,781,867 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $15,771,265 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $898,387 |
| Total liabilities | $19,451,519 |
| Net assets without donor restrictions | $25,842,049 |
| Net assets with donor restrictions | $59,956 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $45,353,524 |