Quick charity verification for Bay Pointe Apartments Inc (EIN: 204264152)
Verdict: Bay Pointe Apartments Inc shows mixed signals
55/100Mission Score
$148KRevenue
$1.4MAssets
3Red Flags
3Strengths
Red Flags
Consistent operational deficits (expenses exceeding revenue in all reported periods)
Declining asset base over the past decade
Lack of detailed expense breakdown to assess spending efficiency
Strengths
Consistent filing of IRS Form 990s, indicating basic compliance and transparency
Low liabilities relative to assets ($16,552 liabilities vs. $1,372,464 assets in 2024)
Reported 0% officer compensation, suggesting a volunteer-led or very lean leadership structure
Spending Breakdown
How Bay Pointe Apartments Inc allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
20%
Admin Costs
Reasonable — admin costs in check
0%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Bay Pointe Apartments Inc
Is Bay Pointe Apartments Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Bay Pointe Apartments Inc (EIN: 204264152) shows mixed signals. Mission Score: 55/100. 3 red flags identified, 3 strengths noted.
Is Bay Pointe Apartments Inc a good charity to donate to?
Bay Pointe Apartments Inc has a Mission Score of 55/100. Revenue: $148K. Assets: $1.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Bay Pointe Apartments Inc?
The Employer Identification Number (EIN) for Bay Pointe Apartments Inc is 204264152. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Bay Pointe Apartments Inc spend its money?
Bay Pointe Apartments Inc allocates 80% to programs, 20% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Bay Pointe Apartments Inc's tax-exempt status?
You can verify Bay Pointe Apartments Inc's tax-exempt status using EIN 204264152 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Bay Pointe Apartments Inc. appears to be a housing organization, as indicated by its NTEE code L20. The organization consistently operates at a deficit, with expenses exceeding revenue in every reported period. For example, in the latest filing (202406), revenue was $148,021 while expenses were $188,436, resulting in a $40,415 deficit. This trend of spending more than it earns has led to a gradual decline in assets over the years, from $1,996,584 in 2015 to $1,372,464 in 2024. While the organization's liabilities remain relatively low, the sustained operational losses raise concerns about long-term financial sustainability.
The organization reports 0% officer compensation across all filings, which suggests either a volunteer-led board or that compensation is not reported under 'officer compensation' on the 990. Without a detailed breakdown of expenses, it's challenging to assess spending efficiency beyond the overall deficit. The consistent filing of 990s demonstrates a commitment to basic transparency requirements, but the financial performance indicates a need for strategic adjustments to achieve financial equilibrium.