Bay Cove Human Services Inc
Overview
Mission
Bay cove human services' mission is to partner with people to overcome challenges and realize personal potential. Bay cove pursues this mission by providing individualized and compassionate services to people facing the challenges associated with developmental disabilities, mental illness, substance use disorders, and homelessness at more than 175 program sites throughout greater boston and southeastern Massachusetts.
What it reported doing in 2024
Addiction & housing and homeless services - the addiction services division provides medical and counseling services to individuals suffering from substance abuse and dependency. Services include medical detoxification, counseling, methadone treatment, case management, outpatient clinic and psychiatric nursing. Bay cove's housing and homeless services provide a continuum of services to address homelessness and housing instability, which include street outreach, shelter, transitional housing, and supported housing to individuals in boston, cambridge/somerville and chelsea. We operate a number of specialized programs, all of which have the capacity to support individuals with co-occurring behavioral health, medical, and substance use disorders. We offer low-threshold shelter settings designed to reduce barriers to entry. Our permanent supportive housing programs operate using a housing first approach.
Operating model
- Revenue model
- Earned-program. 94% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The nonprofit carried out 100% of its reported program work directly.
- Includes noncash contributions: Reported contributions include donated property or goods.
Nonprofit profile at a glance
- EIN
- 042518575
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Headquarters
- Boston, MA, USA
- Rating
- 84
- Verdict
- STRONG
- Rating confidence
- Moderate
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and the filing reports few safeguards for setting executive pay.
Rating breakdown
- Financial Efficiency: 77
- Transparency & Controls: 90
- Accountability: 96
- Sustainability: 37
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 83.3%; rating input score 83
- Program expense ratio: 86.5%; rating input score 87
- Fundraising efficiency: $3.85 raised per $1 spent on fundraising; rating input score 15; 15th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 71st percentile among comparable filings
- Pay-setting controls: 4 of 6 controls in place; rating input score 67
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Yes; rating input score 100
- Public monitoring controls: Limited
- Public policy transparency: Limited
- Public financial transparency: Limited
- Impact reporting controls: Limited
- Public relationship transparency: Limited
Accountability
- Independent voting board: 94.1%; rating input score 94; 43rd percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Public governance controls: Limited
- Zakat policy transparency: Limited
Sustainability
- Operating margin: 3.2%; rating input score 48; 48th percentile among comparable filings
- Operating reserve ratio: 0.53; rating input score 19; 19th percentile among comparable filings
- Liabilities to assets ratio: 0.46; rating input score 39; 39th percentile among comparable filings
- Officer compensation ratio: 3%; rating input score 38; 38th percentile among comparable filings
Growth
- Program expense growth: 4.8% per year; rating input score 100; 39th percentile among comparable filings
- Revenue growth: 5.4% per year; rating input score 100; 47th percentile among comparable filings
- Asset growth: 6.5% per year; rating input score 100; 48th percentile among comparable filings
Details
- Where the money goes: 83.3% of revenue deployed · 86.5% of spending went to programs
- Governance: 16 of 17 board members independent · 9 of 9 filing controls reported
- Programs: 4 filed program accomplishments · $134M in reported program spending
- Leadership: top reported pay $485K · 37 people listed · 4 of 6 pay-setting controls reported
- Consistency: 40 of 40 current checks pass
- Schedules: 10 filed schedules · includes major donors, executive pay, and related organizations
- Filing history: 16 annual filings from 2009 to 2024
- Money network: 19 filed money-flow records
- Related organizations: 8 filed related-organization links