Bloomingdale Aging in Place

Nonprofit profile at a glance

EIN
264742989
IRS 990-EZ coverage
2015–2024
Forms available
Form 990-EZ 2024, Form 990-N 2014
Location
New York, NY, USA
Phone
2128428831
Rating
93
Verdict
STRONG
Rating confidence
Moderate
Sector
Senior Centers

Reported finances

Revenue
$34,989
Expenses
$35,424
Assets
$97,240
Liabilities
$0

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

Leadership & pay

11 people listed

Executive titles in this filing

  • JEAN SCHMIDT (PRESIDENT)
  • LAURENCE SIKON (VICE PRESIDENT)

People named in this filing

  • JEAN SCHMIDT (PRESIDENT)
  • LAURENCE SIKON (VICE PRESIDENT)
  • LINDA MESSING (TREASURER)

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

Baip's mission is to help older adults lead vital, connected, safe and comfortable lives as their needs change.

What it reported doing in 2024

An all volunteer network of neighbors, baip builds community by organizing social activities, sharing information, and extending a helping hand to neighbors as they age at home. These activities included wellness classes serving over 120 older adults in free weekly exercise classes, ongoing weekly or monthly group meetings serving approximately 600 individuals, sharing information through monthly presentations to typically 80 to 100 people on a range of topics of interest to older adults, and occasional social events.

Operating model

Revenue model
Donor-supported. 95% of the money available for current operations came from contributions and gifts.
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

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and reported officer compensation is a large share of total spending, which may reflect staffing concentration.

Rating breakdown

  • Financial Efficiency: 90
  • Transparency & Controls: 100
  • Sustainability: 56
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 90.4%; rating input score 90
  • Program expense ratio: 88.8%; rating input score 89

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: -1.2%; rating input score 42; 42nd percentile among comparable filings
  • Total-asset coverage ratio: 2.75; rating input score 72; 72nd percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 6.9% per year; rating input score 100; 66th percentile among comparable filings
  • Revenue growth: 2.1% per year; rating input score 100; 61st percentile among comparable filings
  • Asset growth: 9.1% per year; rating input score 100; 70th percentile among comparable filings

Details

  • Where the money goes: 90.4% of revenue deployed · 88.8% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $31K in reported program spending
  • Leadership: top reported pay $0 · 11 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 10 filing years from 2015 to 2024
  • Contacts: How to reach this organization
  • 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 — Sustainability: Operating margin scored 42/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.