Civic Intelligence

Bay Aging

EIN 54-1085032 • 501(c)3 • Urbanna, VA

Profile

The organization's mission is to provide the programs and services necessary for people of all ages to live independently in their communities for as long as possible.

PO Box 610Urbanna, VA 23175

www.bayaging.org

Siviq Scores

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

Liabilities / Assets

62nd percentile

0.34x

Higher debt load relative to assets than 62% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2023

Liabilities / Revenue

46th percentile

0.25x

Higher debt load relative to revenue than 46% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2023

Net Margin

50th percentile

4.3%

Higher net margin than 50% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2023

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

75th percentile

15%

Faster asset growth than 75% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2023

Revenue Growth

77th percentile

25%

Faster revenue growth than 77% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2023

Assets

Up

$38,035,807

Up $6,324,088 (+20%) from 2023

Liabilities

Up

$12,494,819

Up $1,720,149 (+16%) from 2023

Net Assets

Up

$25,540,988

Up $4,603,939 (+22%) from 2023

Revenue

Up

$61,552,950

Up $17,968,345 (+41%) from 2023

Expenses

Up

$56,979,202

Up $15,259,484 (+37%) from 2023

Net Income

Up

$4,573,748

Up $2,708,861 (+145%) from 2023

Trend Graphs

Balance Sheet Trend

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

$40M$30M$20M$10M$0Assets 2010: $10,057,646Liabilities 2010: $2,850,010Net Assets 2010: $7,207,6362010Assets 2011: $10,538,447Liabilities 2011: $2,495,620Net Assets 2011: $8,042,8272011Assets 2012: $11,155,028Liabilities 2012: $2,176,410Net Assets 2012: $8,978,6182012Assets 2013: $13,047,972Liabilities 2013: $3,004,734Net Assets 2013: $10,043,2382013Assets 2014: $16,453,198Liabilities 2014: $2,371,685Net Assets 2014: $14,081,5132014Assets 2015: $18,443,583Liabilities 2015: $2,263,455Net Assets 2015: $16,180,1282015Assets 2016: $18,720,026Liabilities 2016: $2,047,225Net Assets 2016: $16,672,8012016Assets 2017: $18,882,955Liabilities 2017: $2,648,537Net Assets 2017: $16,234,4182017Assets 2018: $18,363,251Liabilities 2018: $2,613,401Net Assets 2018: $15,749,8502018Assets 2019: $18,530,174Liabilities 2019: $2,948,755Net Assets 2019: $15,581,4192019Assets 2020: $23,060,386Liabilities 2020: $7,401,663Net Assets 2020: $15,658,7232020Assets 2021: $24,671,284Liabilities 2021: $7,476,590Net Assets 2021: $17,194,6942021Assets 2022: $27,589,371Liabilities 2022: $8,526,849Net Assets 2022: $19,062,5222022Assets 2023: $31,711,719Liabilities 2023: $10,774,670Net Assets 2023: $20,937,0492023Assets 2024: $38,035,807Liabilities 2024: $12,494,819Net Assets 2024: $25,540,9882024

Highlighted filing

2024

Assets$38,035,807
Liabilities$12,494,819
Net Assets$25,540,988

Operations Trend

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

$80M$60M$40M$20M$0-$20MExpenses 2010: $11,441,7272010Expenses 2011: $10,598,4262011Expenses 2012: $11,033,5572012Expenses 2013: $10,150,4652013Revenue 2014: $14,139,654Expenses 2014: $10,101,379Net Income 2014: $4,038,2752014Revenue 2015: $15,255,082Expenses 2015: $13,156,467Net Income 2015: $2,098,6152015Revenue 2016: $14,826,409Expenses 2016: $14,304,095Net Income 2016: $522,3142016Revenue 2017: $15,230,464Expenses 2017: $15,583,815Net Income 2017: -$353,3512017Revenue 2018: $16,335,475Expenses 2018: $16,781,957Net Income 2018: -$446,4822018Revenue 2019: $17,612,370Expenses 2019: $17,780,801Net Income 2019: -$168,4312019Revenue 2020: $20,939,151Expenses 2020: $20,861,847Net Income 2020: $77,3042020Revenue 2021: $28,384,644Expenses 2021: $26,848,673Net Income 2021: $1,535,9712021Revenue 2022: $34,968,154Expenses 2022: $33,579,995Net Income 2022: $1,388,1592022Revenue 2023: $43,584,605Expenses 2023: $41,719,718Net Income 2023: $1,864,8872023Revenue 2024: $61,552,950Expenses 2024: $56,979,202Net Income 2024: $4,573,7482024

Highlighted filing

2024

Revenue$61,552,950
Expenses$56,979,202
Net Income$4,573,748

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$38.0$12.5$25.5$61.6$57.0$4.57
2023Detailed filing. Detailed filing data is available for this year.$31.7$10.8$20.9$43.6$41.7$1.86
2022Detailed filing. Detailed filing data is available for this year.$27.6$8.53$19.1$35.0$33.6$1.39
2021Detailed filing. Detailed filing data is available for this year.$24.7$7.48$17.2$28.4$26.8$1.54
2020Detailed filing. Detailed filing data is available for this year.$23.1$7.40$15.7$20.9$20.9$0.08
2019Detailed filing. Detailed filing data is available for this year.$18.5$2.95$15.6$17.6$17.8$0.17
2018Detailed filing. Detailed filing data is available for this year.$18.4$2.61$15.7$16.3$16.8$0.45
2017Detailed filing. Detailed filing data is available for this year.$18.9$2.65$16.2$15.2$15.6$0.35
2016Detailed filing. Detailed filing data is available for this year.$18.7$2.05$16.7$14.8$14.3$0.52
2015Detailed filing. Detailed filing data is available for this year.$18.4$2.26$16.2$15.3$13.2$2.10
2014Detailed filing. Detailed filing data is available for this year.$16.5$2.37$14.1$14.1$10.1$4.04
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.0$3.00$10.0$10.2
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.2$2.18$8.98$11.0
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.5$2.50$8.04$10.6
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.1$2.85$7.21$11.4
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2023 to Sep 30, 2024
Signed
Mar 27, 2025
Return Version
2023v6.0
Gross Receipts
$61,554,750
Mission and Program Overview

Mission

The organization's mission is to provide the programs and services necessary for people of all ages to live independently in their communities for as long as possible.

The organization delivers programs and services to people of all ages to help them live independently in their communities for as long as possible.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$14,974,261$15,888,739▲ $914,478
Accounts Receivable$8,734,097$15,352,037▲ $6,617,940
Savings and Temporary Cash Investments$7,342,089$5,665,639▼ $1,676,450
Prepaid Expenses and Deferred Charges$73,845$388,552▲ $314,707
Investments Other Securities$341,296$356,456▲ $15,160
Inventories for Sale or Use$73,379$116,121▲ $42,742
Investments in Publicly Traded Securities$76,686$93,365▲ $16,679
Total Assets$31,711,719$38,035,807▲ $6,324,088
Other Assets Total$96,066$174,898▲ $78,832
Liabilities
Accounts Payable and Accrued Expenses$4,896,534$6,762,376▲ $1,865,842
Mortgage Notes Payable Secured by Investment Property$5,789,551$5,650,025▼ $139,526
Deferred Revenue$88,585$82,418▼ $6,167
Total Liabilities$10,774,670$12,494,819▲ $1,720,149
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$20,467,658$24,525,888▲ $4,058,230
Net Assets With Donor Restrictions$469,391$1,015,100▲ $545,709
Total Net Assets Fund Balance$20,937,049$25,540,988▲ $4,603,939
Total Liabilities and Net Assets / Fund Balance$31,711,719$38,035,807▲ $6,324,088

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$11,555,976$4,027,723$15,583,699
Other Land Buildings$2,615,549$5,218,648$7,834,197
Equipment$505,471$1,756,157$2,261,628
Land$1,211,743-$980,680
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kathy VesleyPresident/CEOFT$221,323$17,050$238,373
Tinsley GoadCFOFT$161,817$13,650$175,467
Robert ButlerIt DirectorFT$119,887$10,164$130,051
Kenneth PollockTransit DirectorFT$115,605$9,801$125,406
Joshua GemerekSr. Vice President - HousiFT$107,635$9,125$116,760
Tiffany RobinsDirector, Health ServicesFT$104,349$8,847$113,196

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Senior Services Of Se VaVeteran Directed Transitional Care2551 ELTHAM AVE STE Q, Norfolk, VA 23513$1,062,484
Peninsula Agency On AgingVeteran Directed Transitional Care739 THIMBLE SHOALS BLVD 1006, Newport News, VA 23606$788,143
Appalachian Agency For Sr CitizensMedicaid Health Screening216 COLLEGE RIDGE RUN, Cedar Bluff, VA 24609$582,239
Jefferson Area Board For AgingMedicaid Health Screening674 HLLSDALE DR 9, Charlottesville, VA 22901$393,188
Encompass Community SupportsMedicaid Health ScreeningPO BOX 1568, Culpepper, VA 22701$285,160
Revenue and Support

Revenue Composition

Contributions and Grants
$13,679,070
Program Service Revenue
$47,613,844
Investment Income
$260,036
Other Revenue
$0
All Other Contributions
$246,945
Change in Net Assets
$4,573,748

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Cars and Other Vehicles1$55,832Fair Market Value (FMV)
Total Noncash Contributions1$55,832-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$41,676,791
Salaries, Compensation, and Employee Benefits$15,302,411
Total Fundraising Expense$276,309
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$30,879,259$47,883-$30,927,142
Other Salaries and Wages$11,502,516$1,033,075$95,000$12,630,591
Payments to Affiliates$3,661,010--$3,661,010
Other Employee Benefits$1,675,878$234,847$13,541$1,924,266
Depreciation Depletion$1,213,200$144,551$8,932$1,366,683
Current Officers, Directors, Trustees, and Key Employees$254,830$492,724-$747,554
Insurance$404,019$55,606$3,241$462,866
Occupancy$401,023$37,232$1,500$439,755
All Other Expenses$312,077--$312,077
Other Expenses$274,433$79,823$1,300$274,433
Travel$184,566$3,268$1,090$188,924
Office Expenses$131,853$32,738$1,000$165,591
Interest$107,547$16,514$1,020$125,081
Advertising$52,280$3,954-$56,234
Total Functional Expenses$54,477,709$2,225,184$276,309$56,979,202
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
Yes
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

The 990 is reviewed by the president and the chief financial officer and provided to the members of the board of directors who review and approve the form prior to its filing.

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

The board members are required to sign a statement each year acknowledging that they understand and agree to abide by the conflicts of interest policy. In the event that a board member has a potential conflict of interest during the year, such board member shall recuse himself/herself from all discussions or vote on the matter.

Form 990, Part VI, Section B, Line 15

Compensation process for both top officials and officers - the process for determining compensation includes the use of a compensation committee, examining form 990 of other organizations, a compensation survey or study, and approval by the board and compensation committee. The board of directors approves organization payroll in conjunction with the budget process. Approval of compensation is documented in the board minutes. Payroll adjustments are generally made at the aggregate level and are meant to serve as a guideline rather than a cap. The president, with input from staff, authorizes pay rates for all employees. The board of directors muse authorize any bonuses or other non-routine pay or benefits for the president.

Form 990, Part VI, Section C, Line 19

The organization's governing documents, conflict of interest policy, and financial statements are available to the public upon request. Financial statements are also available for inspection or download from the organization's website.

Filing and Contact Details

Filer

Filer Name
Bay Aging
EIN
54-1085032
Phone
8047582386
Address
PO BOX 610, URBANNA, VA 23175

Signing Officer

Name
Kathy Vesley
Title
President/CEO
Phone
8047582386
Signed
2025-03-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kathy Vesley
Formed
1978
Legal Domicile
Va
Voting Board Members
15
Independent Board Members
15
Employees
398
Volunteers
1,000

Preparer

Firm
Keiter Stephens Hurst Gary & Shreaves
Address
4401 DOMINION BLVD, GLEN ALLEN, VA 23060
Preparer
Jayme Mika
Phone
8047470000
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Training: program service expenses 68,126. Management and general expenses 15,898. Fundraising expenses 0. Total expenses 84,024. Veteran employee costs: program service expenses 30,108,827. Management and general expenses 0. Fundraising expenses 0. Total expenses 30,108,827. Computer software: program service expenses 702,306. Management and general expenses 31,985. Fundraising expenses 0. Total expenses 734,291.

Financial Statement Notes

PART X, LINE 2:

The organization follows fasb guidance for how uncertain tax positions should be recognized, measured, disclosed and presented in the consolidated financial statements. This requires the evaluation of tax positions taken or expected to be taken in the course of preparing the organization's tax returns to determine whether the tax positions are "more-likely-than-not" of being sustained "when challenged or "when examined" by the applicable tax authority. Tax positions not deemed to meet the more-likely-than-not threshold would be recorded as a tax expense and liability in the current year. Management evaluated the organization's tax position and concluded that the organization had taken no uncertain tax positions that require adjustments to the consolidated financial statements to comply with the provisions of this guidance. The organization is not currently under audit by any tax jurisdiction.

Raw XML AppendixShowing 400 of 822 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.

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IRS990/ActivityOrMissionDesc0THE ORGANIZATION DELIVERS PROGRAMS AND SERVICES TO PEOPLE OF ALL AGES TO HELP THEM LIVE INDEPENDENTLY IN THEIR COMMUNITIES FOR AS LONG AS POSSIBLE.
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IRS990/Form990PartVIISectionAGrp/PersonNm3JAMES DUDLEY
IRS990/Form990PartVIISectionAGrp/PersonNm4REV ATHILLA MARIA HARRIS
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IRS990/Form990PartVIISectionAGrp/PersonNm19JOSHUA GEMEREK
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IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11CHAIR
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IRS990/Form990PartVIISectionAGrp/TitleTxt13TREASURER
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IRS990/Form990PartVIISectionAGrp/TitleTxt15PRESIDENT/CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt16CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt17IT DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18TRANSIT DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19SR. VICE PRESIDENT - HOUSI
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR, HEALTH SERVICES
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IRS990/MissionDesc0THE ORGANIZATION'S MISSION IS TO PROVIDE THE PROGRAMS AND SERVICES NECESSARY FOR PEOPLE OF ALL AGES TO LIVE INDEPENDENTLY IN THEIR COMMUNITIES FOR AS LONG AS POSSIBLE.
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IRS990/ProgramServiceRevenueGrp/Desc0FEES FOR SERVICE
IRS990/ProgramServiceRevenueGrp/Desc1MANAGEMENT FEES

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