Bay Oaks Home for the Aged Inc Trust
Nonprofit profile at a glance
- EIN
- 596138672
- IRS 990-EZ coverage
- 2009–2024
- Forms available
- Form 990 2018, Form 990-EZ 2024
- Location
- Miami, FL, USA
- Phone
- 3055734337
- Rating
- 67
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $3,924
- Expenses
- $3,193
- Assets
- $251,628
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- DR JUDY SISKIND (PRESIDENT)
People named in this filing
- DR JUDY SISKIND (PRESIDENT)
- MPA BLACKMAN PHD (TREASURER/SE)
- ELINOR BRECHER (BOARD MEMBER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Bay oaks home for the aged, inc. - trust is a type i supporting organization under section 509(a)(3) of the internal revenue code and supports bay oaks historic retirement residence, inc., an exempt corporation qualifying under code section 501(c)(3). It owns investments and it is used in connection with its exempt purpose as a home for the elderly. Bay oaks home for the aged, inc. - trust receives contributions for the benefit of bay oaks historic retirement residence, inc. So that the corporation can carry-out its exempt purpose.
What it reported doing in 2024
Bay oaks historic retirement residence, inc. - trust is a type i supporting
Operating model
- Revenue model
- Investment-supported. 100% of the money available for current operations came from recurring investment income.
- 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 revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and program spending has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 59
- Transparency & Controls: 82
- Sustainability: 70
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 34%; rating input score 34
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 18.6%; rating input score 72; 72nd percentile among comparable filings
- Total-asset coverage ratio: 78.81; rating input score 99; 99th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: -0.6% per year; rating input score 0; 46th percentile among comparable filings
- Revenue growth: -4.6% per year; rating input score 0; 35th percentile among comparable filings
- Asset growth: 2.4% per year; rating input score 100; 48th percentile among comparable filings
Details
- Where the money goes: 34% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $3K in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 2 filed schedules
- Filing history: 7 filing years from 2009 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.
- Moderate — Financial Efficiency: Mission deployment rate scored 34/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.