Bay Aging Apartment Jcc Inc

Bay Aging Apartment Jcc Inc. consistently operates at a deficit, drawing down assets while maintaining zero officer compensation.

EIN: 113749025 · Urbanna, VA · NTEE: L20 · Updated: 2026-03-28

$538KRevenue

$4.0MAssets

75/100Mission Score (Good)

L20

About Bay Aging Apartment Jcc Inc

Bay Aging Apartment Jcc Inc (EIN: 113749025) is a nonprofit organization based in Urbanna, VA, classified under NTEE code L20. The organization reported total revenue of $538K and total assets of $4.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bay Aging Apartment Jcc Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Bay Aging Apartment Jcc Inc. consistently operates with expenses exceeding its revenue, indicating a reliance on existing assets or other non-operating income sources to cover its costs. For example, in the 202403 period, expenses were $639,307 against revenue of $491,714, resulting in a deficit of over $147,000. This trend is visible across all provided filing periods, suggesting a structural operational deficit. While the organization's assets have been steadily declining over the years, from $5,223,161 in 201503 to $4,246,210 in 202403, its liabilities remain relatively low and stable, indicating good management of debt.

The organization reports 0% officer compensation across all available filings, which is a strong indicator of financial efficiency and a commitment to directing funds towards its mission rather than executive salaries. This also suggests a high degree of transparency regarding its compensation practices. However, without a detailed breakdown of program, administrative, and fundraising expenses, it's challenging to fully assess spending efficiency beyond the lack of executive compensation. The consistent operational deficit, while not necessarily a red flag if managed through planned asset utilization, warrants closer examination of its long-term financial sustainability.

Overall, Bay Aging Apartment Jcc Inc. demonstrates strong transparency in executive compensation and prudent management of liabilities. The consistent operational deficit and declining asset base are key areas for potential concern regarding long-term financial health, though the specific nature of its NTEE code (L20 - Housing for the Elderly) might imply a different financial model where asset depreciation and specific funding mechanisms are at play. Further detail on the nature of its revenue and expenses would provide a more complete picture.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Bay Aging Apartment Jcc Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 10%
programs: 90%
fundraising: 0%

According to IRS 990 filings, Bay Aging Apartment Jcc Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The organization reports 0% officer compensation across all available filings, indicating that no funds are allocated to executive salaries, which is highly efficient and mission-focused.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of Bay Aging Apartment Jcc Inc's IRS 990 filings:

Consistent operational deficits (expenses exceeding revenue in all reported periods)
Steady decline in total assets over the past decade

Strengths

The following positive indicators were identified for Bay Aging Apartment Jcc Inc:

Zero officer compensation reported across all filings, indicating high efficiency in leadership costs
Low and stable liabilities, suggesting good debt management
Clear dedication to mission by not allocating funds to executive salaries

Frequently Asked Questions about Bay Aging Apartment Jcc Inc

Is Bay Aging Apartment Jcc Inc. financially sustainable given its consistent operational deficits?

The organization has consistently spent more than it earns, with expenses exceeding revenue in every reported period. For example, in 202403, expenses were $639,307 against revenue of $491,714. This trend has led to a steady decline in assets, from $5,223,161 in 201503 to $4,246,210 in 202403, raising questions about long-term financial sustainability if this trend continues without new revenue streams or asset management strategies.

How does the lack of officer compensation impact the organization?

The reported 0% officer compensation across all filings is a significant strength, indicating that the organization is not allocating funds to executive salaries. This suggests a high dedication to its mission and efficient use of resources, potentially relying on volunteer leadership or staff compensated under other expense categories.

What is the trend in the organization's asset base?

The organization's assets have shown a consistent downward trend over the past decade, decreasing from $5,223,161 in 201503 to $4,246,210 in 202403. This decline is likely linked to the ongoing operational deficits, where expenses exceed revenue, requiring the organization to draw upon its existing assets.

Filing History

IRS 990 filing history for Bay Aging Apartment Jcc Inc showing financial trends over 14 years of public records:

Over 14 years of IRS 990 filings (2011–2024), Bay Aging Apartment Jcc Inc's revenue has grown by 82.6%, moving from $269K to $492K. Total assets decreased by 25.4% over the same period, from $5.7M to $4.2M. Total functional expenses rose by 83.2%, from $349K to $639K. In its most recent filing year (2024), Bay Aging Apartment Jcc Inc reported a deficit of $148K, with expenses exceeding revenue. The organization holds $78K in liabilities against $4.2M in assets (debt-to-asset ratio: 1.8%), resulting in net assets of $4.2M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2024	$492K	$639K	$4.2M	$78K	—	—
2023	$476K	$574K	$4.4M	$62K	—	View 990
2022	$454K	$536K	$4.5M	$73K	—	View 990
2021	$417K	$519K	$4.6M	$57K	—	View 990
2020	$396K	$514K	$4.6M	$49K	—	View 990
2019	$376K	$488K	$4.8M	$54K	—	View 990
2018	$362K	$471K	$4.9M	$73K	—	View 990
2017	$341K	$445K	$5.0M	$65K	—	View 990
2016	$317K	$442K	$5.1M	$61K	—	View 990
2015	$305K	$422K	$5.2M	$54K	—	View 990
2014	$295K	$417K	$5.3M	$49K	—	View 990
2013	$286K	$397K	$5.5M	$49K	—	View 990
2012	$280K	$381K	$5.6M	$69K	—	View 990
2011	$269K	$349K	$5.7M	$73K	—	View 990

Year-by-Year Financial Summary

2024: Revenue of $492K, expenses of $639K, and assets of $4.2M (revenue +3.4% year-over-year).
2023: Revenue of $476K, expenses of $574K, and assets of $4.4M (revenue +4.8% year-over-year).
2022: Revenue of $454K, expenses of $536K, and assets of $4.5M (revenue +8.9% year-over-year).
2021: Revenue of $417K, expenses of $519K, and assets of $4.6M (revenue +5.4% year-over-year).
2020: Revenue of $396K, expenses of $514K, and assets of $4.6M (revenue +5.3% year-over-year).
2019: Revenue of $376K, expenses of $488K, and assets of $4.8M (revenue +3.8% year-over-year).
2018: Revenue of $362K, expenses of $471K, and assets of $4.9M (revenue +6.2% year-over-year).
2017: Revenue of $341K, expenses of $445K, and assets of $5.0M (revenue +7.5% year-over-year).
2016: Revenue of $317K, expenses of $442K, and assets of $5.1M (revenue +4.0% year-over-year).
2015: Revenue of $305K, expenses of $422K, and assets of $5.2M (revenue +3.4% year-over-year).
2014: Revenue of $295K, expenses of $417K, and assets of $5.3M (revenue +3.2% year-over-year).
2013: Revenue of $286K, expenses of $397K, and assets of $5.5M (revenue +2.1% year-over-year).
2012: Revenue of $280K, expenses of $381K, and assets of $5.6M (revenue +3.9% year-over-year).
2011: Revenue of $269K, expenses of $349K, and assets of $5.7M.

Data Sources and Methodology

This transparency report for Bay Aging Apartment Jcc Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.