Civic Intelligence

Bay Oaks Historic Retirement

EIN 59-0689698 • 501(c)3 • Miami, FL

Profile

Retirement home for the elderly.

435 NE 34 StMiami, FL 33137

www.bayoaksmiami.com

Siviq Scores

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

Liabilities / Assets

35th percentile

0.05x

Higher debt load relative to assets than 35% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

50th percentile

0.16x

Higher debt load relative to revenue than 50% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

52nd percentile

5.3%

Higher net margin than 52% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

23rd percentile

$0

Higher top officer pay than 23% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Asset Growth

41st percentile

1.4%

Faster asset growth than 41% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

3rd percentile

-67%

Faster revenue growth than 3% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Up

$5,942,995

Up $81,294 (+1.4%) from 2023

Liabilities

Down

$288,086

Down $16,590 (-5.4%) from 2023

Net Assets

Up

$5,654,909

Up $97,884 (+1.8%) from 2023

Revenue

Down

$1,856,950

Down $3,784,589 (-67%) from 2023

Expenses

Up

$1,759,069

Up $46,655 (+2.7%) from 2023

Net Income

Down

$97,881

Down $3,831,244 (-98%) from 2023

Trend Graphs

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2010: $1,546,676Liabilities 2010: $151,282Net Assets 2010: $1,395,3942010Assets 2011: $1,900,328Liabilities 2011: $130,111Net Assets 2011: $1,770,2172011Assets 2012: $1,830,708Liabilities 2012: $106,532Net Assets 2012: $1,724,1762012Assets 2013: $1,937,764Liabilities 2013: $186,959Net Assets 2013: $1,750,8052013Assets 2014: $1,967,689Liabilities 2014: $175,267Net Assets 2014: $1,792,4222014Assets 2015: $2,030,249Liabilities 2015: $157,263Net Assets 2015: $1,872,9862015Assets 2016: $2,080,973Liabilities 2016: $149,458Net Assets 2016: $1,931,5152016Assets 2017: $2,224,889Liabilities 2017: $168,203Net Assets 2017: $2,056,6862017Assets 2018: $2,012,638Liabilities 2018: $141,050Net Assets 2018: $1,871,5882018Assets 2019: $1,943,936Liabilities 2019: $199,350Net Assets 2019: $1,744,5862019Assets 2020: $1,954,004Liabilities 2020: $125,950Net Assets 2020: $1,828,0542020Assets 2021: $1,965,175Liabilities 2021: $250,250Net Assets 2021: $1,714,9252021Assets 2022: $1,885,135Liabilities 2022: $257,235Net Assets 2022: $1,627,9002022Assets 2023: $5,861,701Liabilities 2023: $304,676Net Assets 2023: $5,557,0252023Assets 2024: $5,942,995Liabilities 2024: $288,086Net Assets 2024: $5,654,9092024

Highlighted filing

2024

Assets$5,942,995
Liabilities$288,086
Net Assets$5,654,909

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $913,9052010Expenses 2011: $1,129,7642011Revenue 2012: $1,292,773Expenses 2012: $1,338,815Net Income 2012: -$46,0422012Revenue 2013: $1,299,365Expenses 2013: $1,272,735Net Income 2013: $26,6302013Revenue 2014: $1,299,469Expenses 2014: $1,257,854Net Income 2014: $41,6152014Revenue 2015: $1,358,038Expenses 2015: $1,277,471Net Income 2015: $80,5672015Revenue 2016: $1,422,227Expenses 2016: $1,363,702Net Income 2016: $58,5252016Revenue 2017: $1,573,528Expenses 2017: $1,448,362Net Income 2017: $125,1662017Revenue 2018: $1,219,339Expenses 2018: $1,404,437Net Income 2018: -$185,0982018Revenue 2019: $1,380,612Expenses 2019: $1,507,614Net Income 2019: -$127,0022019Revenue 2020: $1,584,118Expenses 2020: $1,500,650Net Income 2020: $83,4682020Revenue 2021: $1,260,555Expenses 2021: $1,373,684Net Income 2021: -$113,1292021Revenue 2022: $1,438,642Expenses 2022: $1,525,667Net Income 2022: -$87,0252022Revenue 2023: $5,641,539Expenses 2023: $1,712,414Net Income 2023: $3,929,1252023Revenue 2024: $1,856,950Expenses 2024: $1,759,069Net Income 2024: $97,8812024

Highlighted filing

2024

Revenue$1,856,950
Expenses$1,759,069
Net Income$97,881

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.94$0.29$5.65$1.86$1.76$0.10
2023Detailed filing. Detailed filing data is available for this year.$5.86$0.30$5.56$5.64$1.71$3.93
2022Detailed filing. Detailed filing data is available for this year.$1.89$0.26$1.63$1.44$1.53$0.09
2021Detailed filing. Detailed filing data is available for this year.$1.97$0.25$1.71$1.26$1.37$0.11
2020Detailed filing. Detailed filing data is available for this year.$1.95$0.13$1.83$1.58$1.50$0.08
2019Detailed filing. Detailed filing data is available for this year.$1.94$0.20$1.74$1.38$1.51$0.13
2018Detailed filing. Detailed filing data is available for this year.$2.01$0.14$1.87$1.22$1.40$0.19
2017Detailed filing. Detailed filing data is available for this year.$2.22$0.17$2.06$1.57$1.45$0.13
2016Summary only. Only limited summary data is available for this year.$2.08$0.15$1.93$1.42$1.36$0.06
2015Summary only. Only limited summary data is available for this year.$2.03$0.16$1.87$1.36$1.28$0.08
2014Summary only. Only limited summary data is available for this year.$1.97$0.18$1.79$1.30$1.26$0.04
2013Summary only. Only limited summary data is available for this year.$1.94$0.19$1.75$1.30$1.27$0.03
2012Summary only. Only limited summary data is available for this year.$1.83$0.11$1.72$1.29$1.34$0.05
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.90$0.13$1.77$1.13
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.55$0.15$1.40$0.91
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Sep 1, 2023 to Aug 31, 2024
Signed
Dec 11, 2024
Return Version
2023v5.0
Gross Receipts
$1,856,950
Mission and Program Overview

Mission

Retirement home for the elderly.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$5,557,025$5,654,909▲ $97,884
Savings and Temporary Cash Investments$4,259,707$4,367,088▲ $107,381
Land, Buildings, and Equipment, Net$1,073,679$1,013,606▼ $60,073
Cash and Non-Interest-Bearing Accounts$525,137$560,137▲ $35,000
Accounts Receivable$3,178$2,164▼ $1,014
Total Assets$5,861,701$5,942,995▲ $81,294
Liabilities
Other Liabilities$233,235$221,381▼ $11,854
Deferred Revenue$71,441$66,705▼ $4,736
Total Liabilities$304,676$288,086▼ $16,590
Net Assets / Fund Balance
Total Net Assets Fund Balance$5,557,025$5,654,909▲ $97,884
Total Liabilities and Net Assets / Fund Balance$5,861,701$5,942,995▲ $81,294

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$751,999$851,956$1,603,955
Buildings$27,291$329,021$356,312
Equipment$21,044$273,211$294,255
Land$213,272-$213,272
Compensation and Service Providers

Board Members and Trustees

NameTitle
Judith SiskindPresident
Susan FlemingDirector
Mpa BlackmanSecretary/tr
Revenue and Support

Revenue Composition

Contributions and Grants
$114,066
Program Service Revenue
$1,626,715
Investment Income
$116,169
Other Revenue
$0
All Other Contributions
$114,066
Change in Net Assets
$97,881
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,056,494
Other Expenses$580,671
Grants and Similar Amounts Paid$121,904
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$567,144$410,691-$977,835
Grants to Domestic Individuals$121,904--$121,904
Insurance$62,957$45,589-$108,546
All Other Expenses$48,925$43,023-$91,948
Payroll Taxes$45,623$33,036-$78,659
Occupancy$37,162$26,909-$64,071
Depreciation Depletion$60,363--$60,363
Other Expenses$86,738$13,248-$13,248
Fees for Services Accounting-$5,895-$5,895
Interest-$2,817-$2,817
Total Functional Expenses$1,152,892$606,177$0$1,759,069
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 Deposits$136,360
Staff Deposits$81,546
Deposits-pendants$3,475
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

A copy of form 990 is provided to the prisident of operations for review and comment, prior to filing, in addition to being reviewed and approved by the president of the board of the organization.

Form 990, Page 6, Part VI, Line 19

Documents are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Bay Oaks Historic Retirement
EIN
59-0689698
Phone
3055734337
Address
435 NE 34 ST, MIAMI, FL 33137

Signing Officer

Name
Judith Siskind
Title
President
Phone
3055734337
Signed
2024-12-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Judith Siskind
Formed
1943
Legal Domicile
Fl
Voting Board Members
6
Independent Board Members
0
Employees
33
Volunteers
100

Preparer

Firm
Ja Reyes & Co Pa
Address
6701 SUNSET DRIVE SUITE 100, MIAMI, FL 33143
Preparer
Joe a Reyes CPA
Phone
3056682318
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

For operation of a retirement home which provides services for its elderly residents.

Form 990, Part XI, Line 9

Rounding 0 rounding 3 total 3

Raw XML AppendixShowing 400 of 405 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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IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 4, PART IV
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FOR OPERATION OF A RETIREMENT HOME WHICH PROVIDES SERVICES FOR ITS ELDERLY RESIDENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY OF FORM 990 IS PROVIDED TO THE PRISIDENT OF OPERATIONS FOR REVIEW AND COMMENT, PRIOR TO FILING, IN ADDITION TO BEING REVIEWED AND APPROVED BY THE PRESIDENT OF THE BOARD OF THE ORGANIZATION.
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ReturnHeader/BuildTS02024-10-15 13:58:12Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0JUDITH SISKIND
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ReturnHeader/BusinessOfficerGrp/SignatureDt02024-12-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BAY OAKS HISTORIC RETIREMENT
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0JA REYES & CO PA
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ReturnHeader/PreparerPersonGrp/PreparationDt02024-12-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOE A REYES CPA

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