Civic Intelligence

Cardinal Bay Inc

EIN 35-2440075 • 501(c)3 • Shelton, CT

Profile

It is the mission of cardinal bay, inc., to assert efforts towards developing, financing and operating for the long-term, quality, stable and healthy, program-enriched, affordable housing for families, senior citizens and people with special needs.

580 Long Hill AvenueShelton, CT 06484

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

95th percentile

1.12x

Higher debt load relative to assets than 95% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Liabilities / Revenue

92nd percentile

5.08x

Higher debt load relative to revenue than 92% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Net Margin

18th percentile

-7.6%

Higher net margin than 18% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Top Officer Pay

7th percentile

$144,367

Higher top officer pay than 7% of similar nonprofits.

Top officer pay equals 0.3% of source-year revenue.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Asset Growth

17th percentile

-2.6%

Faster asset growth than 17% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2022 to 2024

Revenue Growth

47th percentile

6.0%

Faster revenue growth than 47% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2022 to 2024

Balance Sheet
Liabilities / Assets95th percentile

Assets

Down

$199,815,153

Down $3,688,602 (-1.8%) from 2023

Liabilities

Down

$224,438,372

Down $331,538 (-0.1%) from 2023

Net Assets

Down

-$24,623,219

Down $3,357,064 (-16%) from 2023

Operations
Liabilities / Revenue92nd percentileNet Margin18th percentile

Revenue

Up

$44,184,784

Up $2,171,069 (+5.2%) from 2023

Expenses

Up

$47,541,848

Up $1,625,279 (+3.5%) from 2023

Net Income

Up

-$3,357,064

Up $545,790 (+14%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth17th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$300M$200M$100M$0-$100MAssets 2016: $246,353,431Liabilities 2016: $247,290,377Net Assets 2016: -$936,9462016Assets 2017: $240,254,986Liabilities 2017: $242,769,728Net Assets 2017: -$2,514,7422017Assets 2018: $235,729,722Liabilities 2018: $239,461,663Net Assets 2018: -$3,731,9412018Assets 2019: $230,845,654Liabilities 2019: $236,240,190Net Assets 2019: -$5,394,5362019Assets 2020: $225,656,938Liabilities 2020: $235,200,025Net Assets 2020: -$9,543,0872020Assets 2021: $218,351,213Liabilities 2021: $230,205,439Net Assets 2021: -$11,854,2262021Assets 2022: $210,832,423Liabilities 2022: $228,195,724Net Assets 2022: -$17,363,3012022Assets 2023: $203,503,755Liabilities 2023: $224,769,910Net Assets 2023: -$21,266,1552023Assets 2024: $199,815,153Liabilities 2024: $224,438,372Net Assets 2024: -$24,623,2192024

Highlighted filing

2024

Assets$199,815,153
Liabilities$224,438,372
Net Assets-$24,623,219
Open 2024 Filing

Operations Trend

Revenue Growth47th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$60M$40M$20M$0-$20MRevenue 2016: $22,819,495Expenses 2016: $23,756,441Net Income 2016: -$936,9462016Revenue 2017: $38,205,117Expenses 2017: $39,782,913Net Income 2017: -$1,577,7962017Revenue 2018: $39,326,858Expenses 2018: $40,544,057Net Income 2018: -$1,217,1992018Revenue 2019: $39,930,501Expenses 2019: $41,593,096Net Income 2019: -$1,662,5952019Revenue 2020: $37,782,896Expenses 2020: $41,931,447Net Income 2020: -$4,148,5512020Revenue 2021: $38,962,126Expenses 2021: $41,273,265Net Income 2021: -$2,311,1392021Revenue 2022: $39,334,699Expenses 2022: $44,843,774Net Income 2022: -$5,509,0752022Revenue 2023: $42,013,715Expenses 2023: $45,916,569Net Income 2023: -$3,902,8542023Revenue 2024: $44,184,784Expenses 2024: $47,541,848Net Income 2024: -$3,357,0642024

Highlighted filing

2024

Revenue$44,184,784
Expenses$47,541,848
Net Income-$3,357,064
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$199,815,153
Liabilities
$224,438,372
Net assets
-$24,623,219
Revenue
$44,184,784
Expenses
$47,541,848
Net income
-$3,357,064
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$200$224$24.6$44.2$47.5$3.36
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$204$225$21.3$42.0$45.9$3.90
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$211$228$17.4$39.3$44.8$5.51
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$218$230$11.9$39.0$41.3$2.31
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$226$235$9.54$37.8$41.9$4.15
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$231$236$5.39$39.9$41.6$1.66
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$236$239$3.73$39.3$40.5$1.22
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$240$243$2.51$38.2$39.8$1.58
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$246$247$0.94$22.8$23.8$0.94
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Sep 29, 2025
Return Version
2024v5.2
Gross Receipts
$44,184,784
Mission and Program Overview

Mission

It is the mission of cardinal bay, inc., to assert efforts towards developing, financing and operating for the long-term, quality, stable and healthy, program-enriched, affordable housing for families, senior citizens and people with special needs.

To assert efforts towards developing, financing and operating for the long-term, quality, stable and healthy, program-enriched, affordable housing for independent living, assisted living, and memory care.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$183,400,375$179,880,638▼ $3,519,737
Intangible Assets$7,838,145$7,401,469▼ $436,676
Cash and Non-Interest-Bearing Accounts$3,557,138$5,611,859▲ $2,054,721
Savings and Temporary Cash Investments$552,048$703,491▲ $151,443
Prepaid Expenses and Deferred Charges$550,031$512,736▼ $37,295
Accounts Receivable$215,487$225,520▲ $10,033
Total Assets$203,503,755$199,815,153▼ $3,688,602
Other Assets Total$7,390,531$5,479,440▼ $1,911,091
Liabilities
Tax Exempt Bond Liabilities$207,132,812$206,134,905▼ $997,907
Accounts Payable and Accrued Expenses$7,402,277$9,069,188▲ $1,666,911
Mortgage Notes Payable Secured by Investment Property$9,725,000$8,665,000▼ $1,060,000
Deferred Revenue$449,785$546,779▲ $96,994
Other Liabilities$60,036$22,500▼ $37,536
Total Liabilities$224,769,910$224,438,372▼ $331,538
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-21,266,155$-24,623,219▼ $3,357,064
Total Net Assets Fund Balance$-21,266,155$-24,623,219▼ $3,357,064
Total Liabilities and Net Assets / Fund Balance$203,503,755$199,815,153▼ $3,688,602

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$154,130,263$41,122,252$195,252,515
Land$21,500,000-$21,500,000
Equipment$4,250,375$5,553,219$9,803,594
Compensation and Service Providers
Top Officer Pay7th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Lloyd Kitchen IiiPresident, Chairman, TreasPT-$144,367$144,367
Laurence P DahlPresident, ChairmanPT$60,000-$60,000
Matthew H PehrsonSecretaryPT$60,000-$60,000
Robert E OgleTreasurerPT$60,000-$60,000

Highest Paid Contractors

ContractorServicesLocationCompensation
The Long Hill CompanyManagement580 LONG HILL AVENUE, Shelton, CT 06484$2,278,404
Gulf Storm Roofing And ConstructionMaintenance6830 N ELDRIDGE PARKWAY 405, Houston, TX 77041$593,788
Hd Supply Facilities Maintenance LtdMaintenancePO BOX 509058, San Diego, CA 92150$490,844
G5 Search Marketing INCWebsitePO BOX 843274, Dallas, TX 75284$293,574
Norton Rose Fulbright US LLPLegalPO BOX 122613, Dallas, TX 75312$281,238
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$43,968,863
Investment Income
$215,921
Other Revenue
$0
Change in Net Assets
$-3,357,064

Audited Revenue Reconciliation

Revenue per Audited Statements
$44,184,784
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$44,184,784
Total Revenue per Form 990
$44,184,784
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$31,855,532
Salaries, Compensation, and Employee Benefits$15,686,316
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$13,665,927--$13,665,927
Interest$9,802,419--$9,802,419
Depreciation Depletion$6,223,035--$6,223,035
Fees for Services Management-$2,004,935-$2,004,935
Insurance$1,606,803--$1,606,803
Occupancy$1,540,418--$1,540,418
Payroll Taxes$1,317,590--$1,317,590
Advertising$1,096,955--$1,096,955
Fees for Services Legal-$800,310-$800,310
Office Expenses$683,408--$683,408
Fees for Services Other-$511,995-$511,995
Other Employee Benefits$437,164--$437,164
Information Technology$341,488--$341,488
Other Expenses$206,001$713,610-$206,001
Current Officers, Directors, Trustees, and Key Employees-$180,000-$180,000
Pension Plan Contributions$85,635--$85,635
Fees for Services Accounting-$63,000-$63,000
All Other Expenses$51,826--$51,826
Travel-$44,883-$44,883
Total Functional Expenses$43,223,115$4,318,733$0$47,541,848

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$47,541,848
Total Expenses per Audited Statements$47,541,848
Total Expenses per Form 990$47,541,848
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Resident Security Deposits$22,500

Bond Issues

BondIssuerIssuedIssue PricePurpose
ANew Hope Cultural Education Facilities Finance Corporation2016-05-26$222,025,966SENIOR HOUSING

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$222,025,966--$4,440,519

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“The organization uses a management company, the long hill company, to operate the apartment complexes and to verify that the tenants are in compliance with the organization's exempt purpose.”

Form 990, Part VI, Section A, Line 4

“The bylaws were amended and reduced the maximum number of board members from eight to not more than seven.”

Form 990, Part VI, Section B, Line 11B

“The board of directors review form 990 prior to filing.”

Form 990, Part VI, Section B, Line 12C

“Quarterly 96-32 compliance is completed during board meetings and disclosures are made at that time, if any.”

Form 990, Part VI, Section B, Line 15

“An independent law firm was engaged to obtain a fair market value analysis of the nonprofit board member compensation.”

Form 990, Part VI, Section C, Line 19

“The governing documents, conflict of interest policy and financial statements are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Cardinal Bay Inc
EIN
35-2440075
Phone
9729804805
Address
580 LONG HILL AVENUE, SHELTON, CT 06484

Signing Officer

Name
Laurence P Dahl
Title
President
Phone
9729804805
Signed
2025-09-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Laurence P Dahl
Formed
2012
Legal Domicile
TX
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
0

Preparer

Firm
Carter & Company Cpas LLC
Address
PO BOX 279, DESTIN, FL 32540
Preparer
Samuel T Boerma
Phone
8506500125
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“The corporation is classified as exempt from federal income tax under section 501(c)(3) of the internal revenue code. The corporation has adopted the provisions of fasb interpretation no. 48, accounting for uncertainty in income taxes (fasb accounting standards codification (asc) 740, income taxes). It requires that a tax position be recognized or derecognized based on a 'more-likely-than-not' threshold. This applies to positions taken or expected to be taken in a tax return. The implementation of fin 48 had no impact on the corporation's statement of financial position or statement of activities. Management does not believe its financial statements include any uncertain tax positions and that no income taxes are due for its activities. Therefore, no provision for income taxes is included in the financial statement.”

Raw XML AppendixShowing 400 of 791 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt07402277
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt09069188
IRS990/AccountsReceivableGrp/BOYAmt0215487
IRS990/AccountsReceivableGrp/EOYAmt0225520
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO ASSERT EFFORTS TOWARDS DEVELOPING, FINANCING AND OPERATING FOR THE LONG-TERM, QUALITY, STABLE AND HEALTHY, PROGRAM-ENRICHED, AFFORDABLE HOUSING FOR INDEPENDENT LIVING, ASSISTED LIVING, AND MEMORY CARE.
IRS990/AddressChangeInd0X
IRS990/AdvertisingGrp/ProgramServicesAmt01096955
IRS990/AdvertisingGrp/TotalAmt01096955
IRS990/AllOtherExpensesGrp/ProgramServicesAmt051826
IRS990/AllOtherExpensesGrp/TotalAmt051826
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd00
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0THE LONG HILL COMPANY
IRS990/BooksInCareOfDetail/PhoneNum02039448283
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0580 LONG HILL AVENUE
IRS990/BooksInCareOfDetail/USAddress/CityNm0SHELTON
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0CT
IRS990/BooksInCareOfDetail/USAddress/ZIPCd006484
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt03557138
IRS990/CashNonInterestBearingGrp/EOYAmt05611859
IRS990/ChangeToOrgDocumentsInd01
IRS990/CntrctRcvdGreaterThan100KCnt013
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt0180000
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0180000
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/ContractorCompensationGrp/CompensationAmt02278404
IRS990/ContractorCompensationGrp/CompensationAmt1593788
IRS990/ContractorCompensationGrp/CompensationAmt2490844
IRS990/ContractorCompensationGrp/CompensationAmt3293574
IRS990/ContractorCompensationGrp/CompensationAmt4281238
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt0580 LONG HILL AVENUE
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt16830 N ELDRIDGE PARKWAY 405
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt2PO BOX 509058
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt3PO BOX 843274
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt4PO BOX 122613
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0SHELTON
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm1HOUSTON
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm2SAN DIEGO
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm3DALLAS
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm4DALLAS
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0CT
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd1TX
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd2CA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd3TX
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd4TX
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd006484
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd177041
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd292150
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd375284
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd475312
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0THE LONG HILL COMPANY
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt1GULF STORM ROOFING AND CONSTRUCTION
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt2HD SUPPLY FACILITIES MAINTENANCE LTD
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt3G5 SEARCH MARKETING INC
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt4NORTON ROSE FULBRIGHT US LLP
IRS990/ContractorCompensationGrp/ServicesDesc0MANAGEMENT
IRS990/ContractorCompensationGrp/ServicesDesc1MAINTENANCE
IRS990/ContractorCompensationGrp/ServicesDesc2MAINTENANCE
IRS990/ContractorCompensationGrp/ServicesDesc3WEBSITE
IRS990/ContractorCompensationGrp/ServicesDesc4LEGAL
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0215921
IRS990/CYOtherExpensesAmt031855532
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt043968863
IRS990/CYRevenuesLessExpensesAmt0-3357064
IRS990/CYSalariesCompEmpBnftPaidAmt015686316
IRS990/CYTotalExpensesAmt047541848
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt044184784
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt0449785
IRS990/DeferredRevenueGrp/EOYAmt0546779
IRS990/DelegationOfMgmtDutiesInd01
IRS990/DepreciationDepletionGrp/ProgramServicesAmt06223035
IRS990/DepreciationDepletionGrp/TotalAmt06223035
IRS990/Desc0EIGHT SENIOR LIVING FACILITIES PROVIDING 1,043 QUALITY AFFORDABLE INDEPENDENT LIVING, ASSISTED LIVING, AND MEMORY SUPPORT UNITS FOR SENIOR CITIZENS.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/EscrowAccountInd00
IRS990/ExpenseAmt043223115
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt063000
IRS990/FeesForServicesAccountingGrp/TotalAmt063000
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt0800310
IRS990/FeesForServicesLegalGrp/TotalAmt0800310
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt02004935
IRS990/FeesForServicesManagementGrp/TotalAmt02004935
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt0511995
IRS990/FeesForServicesOtherGrp/TotalAmt0511995
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt05.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt15.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt25.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt35.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt010200
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/PersonNm0LLOYD KITCHEN III
IRS990/Form990PartVIISectionAGrp/PersonNm1LAURENCE P DAHL
IRS990/Form990PartVIISectionAGrp/PersonNm2MATTHEW H PEHRSON
IRS990/Form990PartVIISectionAGrp/PersonNm3ROBERT E OGLE
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt160000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt260000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt360000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt0134167
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT, CHAIRMAN, TREAS
IRS990/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT, CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02012
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt03
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt044184784
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt03
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt0341488
IRS990/InformationTechnologyGrp/TotalAmt0341488
IRS990/InsuranceGrp/ProgramServicesAmt01606803
IRS990/InsuranceGrp/TotalAmt01606803
IRS990/IntangibleAssetsGrp/BOYAmt07838145
IRS990/IntangibleAssetsGrp/EOYAmt07401469
IRS990/InterestGrp/ProgramServicesAmt09802419
IRS990/InterestGrp/TotalAmt09802419
IRS990/InvestmentIncomeGrp/ExclusionAmt0215921
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0215921
IRS990/InvestmentInJointVentureInd00
IRS990/InvestTaxExemptBondsInd00
IRS990/IRPDocumentCnt0187
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt046675471
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0183400375
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0179880638
IRS990/LandBldgEquipCostOrOtherBssAmt0226556109
IRS990/LegalDomicileStateCd0TX
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0IT IS THE MISSION OF CARDINAL BAY, INC., TO ASSERT EFFORTS TOWARDS DEVELOPING, FINANCING AND OPERATING FOR THE LONG-TERM, QUALITY, STABLE AND HEALTHY, PROGRAM-ENRICHED, AFFORDABLE HOUSING FOR FAMILIES, SENIOR CITIZENS AND PEOPLE WITH SPECIAL NEEDS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt09725000
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt08665000
IRS990/NetAssetsOrFundBalancesBOYAmt0-21266155
IRS990/NetAssetsOrFundBalancesEOYAmt0-24623219
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-21266155
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-24623219
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt01540418
IRS990/OccupancyGrp/TotalAmt01540418
IRS990/OfficeExpensesGrp/ProgramServicesAmt0683408
IRS990/OfficeExpensesGrp/TotalAmt0683408
IRS990/OfficerMailingAddressInd00
IRS990/OnBehalfOfIssuerInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt07390531
IRS990/OtherAssetsTotalGrp/EOYAmt05479440
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0437164
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0437164
IRS990/OtherExpensesGrp/Desc0RESIDENTS CARE
IRS990/OtherExpensesGrp/Desc1REPAIRS & MAINTENANCE
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS ADMINISTR
IRS990/OtherExpensesGrp/Desc3RESIDENT ACTIVITIES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0713610
IRS990/OtherExpensesGrp/ProgramServicesAmt04271205
IRS990/OtherExpensesGrp/ProgramServicesAmt11893241
IRS990/OtherExpensesGrp/ProgramServicesAmt2206001
IRS990/OtherExpensesGrp/TotalAmt04271205
IRS990/OtherExpensesGrp/TotalAmt11893241
IRS990/OtherExpensesGrp/TotalAmt2713610
IRS990/OtherExpensesGrp/TotalAmt3206001
IRS990/OtherLiabilitiesGrp/BOYAmt060036
IRS990/OtherLiabilitiesGrp/EOYAmt022500
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt013665927
IRS990/OtherSalariesAndWagesGrp/TotalAmt013665927
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt01317590
IRS990/PayrollTaxesGrp/TotalAmt01317590
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt085635
IRS990/PensionPlanContributionsGrp/TotalAmt085635
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0550031
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0512736
IRS990/PrincipalOfficerNm0LAURENCE P DAHL
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/Desc0RENT REVENUE
IRS990/ProgramServiceRevenueGrp/Desc1LAUNDRY & VENDING
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt043940844
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt128019
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt043940844
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt128019
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0333510
IRS990/PYOtherExpensesAmt030950064
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt041680205
IRS990/PYRevenuesLessExpensesAmt0-3902854
IRS990/PYSalariesCompEmpBnftPaidAmt014966505
IRS990/PYTotalExpensesAmt045916569
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt042013715
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-3357064
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt043968863
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0552048
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0703491
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt03318703
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0778855
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt04097558
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0215921
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0333510
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0169529
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0234977
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0276988
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt01230925
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt043968863
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt041680205
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt039165170
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt035391629
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt036727053
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0196932920
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0215921
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0333510
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0169529
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0234977
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0276988
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt01230925
IRS990ScheduleA/InvestmentIncomeCYPct00.00610
IRS990ScheduleA/InvestmentIncomePYPct00.00730
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99390
IRS990ScheduleA/PublicSupportPY509Pct00.99270
IRS990ScheduleA/PublicSupportTotal509Amt0201030478
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt043968863
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt041680205
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt039165170
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt038710332
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt037505908
IRS990ScheduleA/Total509Grp/TotalAmt0201030478
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt044184784
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt042013715
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt039334699
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt038945309
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt037782896
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0202261403
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0154130263
IRS990ScheduleD/BuildingsGrp/DepreciationAmt041122252
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0195252515
IRS990ScheduleD/EquipmentGrp/BookValueAmt04250375
IRS990ScheduleD/EquipmentGrp/DepreciationAmt05553219
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt09803594
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt047541848
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt021500000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt021500000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt022500
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0RESIDENT SECURITY DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt044184784
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION IS CLASSIFIED AS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE CORPORATION HAS ADOPTED THE PROVISIONS OF FASB INTERPRETATION NO. 48, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES (FASB ACCOUNTING STANDARDS CODIFICATION (ASC) 740, INCOME TAXES). IT REQUIRES THAT A TAX POSITION BE RECOGNIZED OR DERECOGNIZED BASED ON A 'MORE-LIKELY-THAN-NOT' THRESHOLD. THIS APPLIES TO POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE IMPLEMENTATION OF FIN 48 HAD NO IMPACT ON THE CORPORATION'S STATEMENT OF FINANCIAL POSITION OR STATEMENT OF ACTIVITIES. MANAGEMENT DOES NOT BELIEVE ITS FINANCIAL STATEMENTS INCLUDE ANY UNCERTAIN TAX POSITIONS AND THAT NO INCOME TAXES ARE DUE FOR ITS ACTIVITIES. THEREFORE, NO PROVISION FOR INCOME TAXES IS INCLUDED IN THE FINANCIAL STATEMENT.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0179880638
IRS990ScheduleD/TotalExpensesPerForm990Amt047541848
IRS990ScheduleD/TotalLiabilityAmt022500
IRS990ScheduleD/TotalRevenuePerForm990Amt044184784
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt044184784
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt047541848
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/Form990OfOtherOrganizationsInd0X
IRS990ScheduleJ/HousingAllowanceOrResidenceInd0X
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990ScheduleJ/PaymentsForUseOfResidenceInd0X
IRS990ScheduleJ/PersonalServicesInd0X
IRS990/ScheduleJRequiredInd00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SubstantiationRequiredInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990ScheduleJ/WrittenPolicyRefTAndEExpnssInd00
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd0A
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd01
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt02016-05-26
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN0261604618
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsIssuesGrp/CUSIPNum064542PAW5
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt0222025966
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt0NEW HOPE CULTURAL EDUCATION FACILITIES FINANCE CORPORATION
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc0SENIOR HOUSING
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyLeaseArrangementsInd00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.