Bahia Properties Inc

Nonprofit profile at a glance

EIN
680608413
IRS 990 coverage
2015–2024
Forms available
Form 990 2024, Form 990-EZ 2014
Location
Corpus Christi, TX, USA
Phone
3618893300
Rating
62
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Low-Income & Subsidized Rental Housing

Reported finances

Revenue
$41,420
Expenses
$10,601
Assets
$967,178
Liabilities
$2,365

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

10 people listed

Executive titles in this filing

  • GARY ALLSUP (CHIEF EXECUTIVE OFFICER)
  • MARISA SMITHWICH (VICE PRESIDENT FOR TECHNOLOGY & TRAINING)
  • BUITRON LORENZO (VICE PRESIDENT OF FACILITIES OPERATIONS)

Highest reported compensation

  • GARY ALLSUP (CHIEF EXECUTIVE OFFICER): $630,423 total reported compensation
  • MARISA SMITHWICH (VICE PRESIDENT FOR TECHNOLOGY & TRAINING): $269,990 total reported compensation
  • RHEN BASS (CFO): $218,231 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Bahia properties, inc. Is a non-profit corporation whose purpose is to provide decent, safe and sanitary housing for low-income families in corpus christi, Texas.

What it reported doing in 2024

The purpose of bahia properties, inc. Is to provide decent, safe, and sanitary housing for low-income families.

Operating model

Revenue model
Other-operating. 98% of the money available for current operations came from other operating revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.

Rating breakdown

  • Financial Efficiency: 48
  • Transparency & Controls: 60
  • Accountability: 82
  • Sustainability: 76
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 26.7%; rating input score 27
  • Program expense ratio: 100%; rating input score 100
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 5 of 9 controls in place; rating input score 56
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 74.4%; rating input score 95; 95th percentile among comparable filings
  • Total-asset coverage ratio: 91.23; rating input score 94; 94th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 33; 33rd percentile among comparable filings
  • Officer compensation ratio: Limited

Growth

  • Program expense growth: 7.3% per year; rating input score 100; 71st percentile among comparable filings
  • Revenue growth: 7.6% per year; rating input score 100; 83rd percentile among comparable filings
  • Asset growth: 11.9% per year; rating input score 100; 83rd percentile among comparable filings

Details

  • Where the money goes: 26.7% of revenue deployed · 100% of spending went to programs
  • Governance: 4 of 4 board members independent · 5 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $11K in reported program spending
  • Leadership: top reported pay $630K · 10 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 15 of 15 current checks pass
  • Schedules: 5 filed schedules · includes executive pay
  • Filing history: 10 filing years from 2015 to 2024
  • Contacts: How to reach this organization
  • Related organizations: 1 filed related-organization link
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Mission deployment rate scored 27/100.
  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • Review — Accountability: Governance controls: 4 of 9 not reported.
  • Moderate — Sustainability: Liabilities to assets ratio scored 33/100.