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Bahia Properties INC FY2022 filing

Tax-deductible

Corp Christi, TX501(c)(3)Since 1999Housing EIN 68-0608413Revenue $431K in FY2022

On file with the IRS3701 Ayers St, 78415-4615 · Corp Christi, TXTax-exempt since Oct 2011Supporting org, Type I — 509(a)(3)

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Bahia Properties, INC. Is a non-profit corporation whose purpose is to provide decent, safe and sanitary housing for low-income families in corpus christi, texas.

501(c)(3) charity; gifts are tax-deductible.
99¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $69K a year · 17% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
23 mo
of spending, in cash
Looks good: 23.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$21K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$431K
-8% vs prior year
Spent
$407K
To programs
99%
Net assets
$804K
By yearFY2020–FY2025
Revenue
$431K
FY2022▼ -8%
Tap a bar for its year
Revenue by fiscal year
FY2020$359K
FY2021$467K
FY2022$431K
FY2023$526K
FY2024$542K
FY2025$41K
Expenses
$407K
FY2022▲ +4%
Tap a bar for its year
Expenses by fiscal year
FY2020$269K
FY2021$392K
FY2022$407K
FY2023$398K
FY2024$478K
FY2025$11K
Net assets
$804K
FY2022▲ +3%
Tap a bar for its year
Net assets by fiscal year
FY2020$726K
FY2021$780K
FY2022$804K
FY2023$910K
FY2024$996K
FY2025$965K

From the FY2022 Form 990 (year ending September 2022) · see the original

990 PDF Claim
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 2011.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $405K Management & general 1% · $3K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
$0Pt VII · Sec A
Curtis Clark
Vice Chair
$0Pt VII · Sec A
Richard Balli
Commissioner
$0Pt VII · Sec A
Dr Gilda Ramirez
Commissioner
$0Pt VII · Sec A
$0Pt VII · Sec A

Gary Allsup’s $326K as CEO is at the 100th percentile of top reported officer pay among 852 $100K–1M housing nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

See Bahia Properties INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides housing for low-income families.

Questions for Bahia Properties INC

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Provided by the organization

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1 program · $405K · in their own filed words · FY2021
01

The purpose of bahia properties, inc. Is to provide decent, safe, and sanitary housing for low-income families.

$405Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$431K
Ln 12
Other incomeLn 4–11$421K
Investment incomeLn 3$10K
Money outPt IX
$407K
Ln 25
Programscol B$405K
Managementcol C$3K
Owns and owesPt X
$804K
net assets · Ln 32
Cash and savingsLn 1–2$784K
Total assetsLn 16$825K
LiabilitiesLn 26$21K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$10K
Other incomeLn 4–11$421K
Total revenueLn 12$431K
Assets in detailPt X, end of year
CashLn 1$784K
Cash and savings togetherLn 1–2$784K
Land, buildings, equipmentLn 10c$39K
Other assetsLn 15$0
Total assetsLn 16$825K
LiabilitiesLn 26$21K
Net assetsLn 32$804K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$698K$784K
Land, buildings, equipmentLn 10c$46K$39K
Total assetsLn 16$785K$825K
LiabilitiesLn 26$5K$21K
Net assetsLn 32$780K$804K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$197K$197K
Other employee benefitsLn 9$32K$32K
Accounting feesLn 11c$3K$3K
Advertising and promotionLn 12$3K$3K
Office expensesLn 13$25K$25K
Depreciation, depletion and amortizationLn 22$7K$7K
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$139K$136K$3K
Total functional expensesLn 25$407K$405K$3K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $41K$11K$31K$965K 990 PDF
FY2024 $542K$478K$64K$996K 990 PDF
FY2023 $526K$398K$128K$910K 990 PDF
FY2022 Viewing $431K$407K$24K$804K 990 PDF
FY2021 $467K$392K$75K$780K 990 PDF
FY2020 $359K$269K$90K$726K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $431,028 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $9,037$9,663
I-11 Other revenuePrior year $457,664$421,365
I-12 Total revenuePrior year $466,701$431,028
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $213,735$229,477
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $177,910$177,797
I-18 Total expensesPrior year $391,645$407,274
I-19 Revenue less expensesPrior year $75,056$23,754
Part VI · Governance 4 of 4 board members independent, 2 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-12a Written conflict of interest policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $431,028 across 3 lines filed
VIII-3 Investment incomeRelated to mission $9,663$9,663
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $421,365$421,365
VIII-12 Total revenueRelated to mission $431,028 · Unrelated business $0 · Excluded from tax $0$431,028
Part IX · Statement of functional expenses $407,274 across 8 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $197,096$197,096
IX-9 Other employee benefitsPrograms $32,381$32,381
IX-11c Accounting feesPrograms $3,258$3,258
IX-12 Advertising and promotionPrograms $2,589$2,589
IX-13 Office expensesPrograms $25,266$25,266
IX-22 Depreciation, depletion and amortizationPrograms $6,881$6,881
IX-23 InsurancePrograms $1,118$1,118
IX-24 Other expenses (24a–d)Programs $135,937 · Management $2,748$138,685
IX-25 Total functional expensesPrograms $404,526 · Management $2,748 · Fundraising $0$407,274
Part X · Balance sheet $824,632 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $698,291$784,478
X-4 Accounts receivableStart of year $21,744$460
X-9 Prepaid expenses and deferred chargesStart of year $5$497
X-10c Land, buildings and equipment, netStart of year $46,078$39,197
X-15 Other assetsStart of year $18,596$0
X-16 Total assetsStart of year $784,714$824,632
X-17 Accounts payable and accrued expensesStart of year $3,520$20,117
X-25 Other liabilitiesStart of year $1,048$615
X-26 Total liabilitiesStart of year $4,568$20,732
X-32 Total net assets or fund balancesStart of year $780,146$803,900
X-33 Total liabilities and net assetsStart of year $784,714$824,632
Part XI · Reconciliation of net assets $803,900 net assets at year end
XI-1 Total revenue$431,028
XI-2 Total expenses$407,274
XI-3 Revenue less expenses$23,754
XI-4 Net assets at start of year$780,146
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$803,900

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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