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Bay House Housing Development Corporation

EIN 47-5248224 · Yonkers, NY

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthFair50 out of 100GovernanceGood86 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

TO DEVELOP 157 BRUCE AVE IN YONKERS NY FOR THE PURPOSE OF CREATING THE HOUSING FOR LOW INCOME INDIVIDUALS AND FAMILIES ON REAL PROPERTY TO BE OWNED BY THE CORPORATION. (SEE SCHEDULE O FOR DETAILS).

Income
$184,243
Spending
$281,064
Spent on programs
96%
Reserves
-106.9 months of spending
Largest source of income
fees for its services, 48%
Employees
0
Volunteers
2
Highest pay
$534,607, secretary/treasurer

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Fair: 50 out of 100. Higher than 53% of charities in its peer group (housing, under $250k).

  • Reserves

    0 of 35

    Spendable reserves are negative: it owes or has committed more than it holds.

  • Debt

    20 of 20

    It owes 1% of what it owns.

  • Living within its means

    0 of 15

    Spending exceeded income by 53% of income.

  • Income trend

    15 of 15

    Income rose 3% on the year before.

  • Spending floor

    15 of 15

    96% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Good: 86 out of 100. Higher than 66% of charities in its peer group (housing, under $250k).

  • Independent board

    18 of 25

    2 of 3 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    0 of 5

    Reports no independent review process for its chief executive's pay.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (1)
  1. $269,854 spent. TO DEVELOP 157 BRUCE AVE IN YONKERS NY FOR THE PURPOSE OF CREATING THE HOUSING FOR LOW INCOME INDIVIDUALS AND FAMILIES ON REAL PROPERTY TO BE OWNED BY THE CORPORATION. BAY HOUSE HOUSING DEVELOPMENT FUND WILL PROVIDE TRANSITIONAL LIVING HOUSING FOR YOUNG ADULTS AGES 18-24. THE ORGANIZATION IS ALSO WORKING WITH WESTHAB, WHO IS PARTNERING WITH CHILDREN'S VILLAGE TO PROVIDE SUPPORT SERVICES. (SEE SCHEDULE O FOR DETAILS). THE ORGANIZATION HAS JOINTLY OBTAINED A HUD COC GRANT THROUGH WESTCHESTER COUNTY DSS THAT WILL PROVIDE 5 FULL-TIME STAFF, FOR OPERATIONS, AND FOR FOOD. CHILDREN'S VILLAGE WILL ALSO PROVIDE PARTICIPANTS WITH REFERRALS. WESTHAB AND CHILDREN'S VILLAGE WILL ALSO PROVIDE 1 FT TRANSITIONAL LIVING SPECIALIST, 2 RESOURCE SPECIALISTS, AND 2 OVERNIGHT ATTENDANTS, WHO COLLECTIVELY WILL BE RESPONSIBLE FOR PROVIDING INDEPENDENT LIVING SKILL INSTRUCTIONS ON VARIOUS TOPICS, INCLUDING, BUT NOT LIMITED TO, BUDGETING, HOUSEHOLD MANAGEMENT, DAILY LIVING (FOOD PREPARATION, LAUNDRY, CLEANING), CONNECTING WITH COMMUNITY RESOURCES AND MAKING APPOINTMENTS, ALL WITH THE AIM OF PREPARING THE RESIDENTS FOR A SUCCESSFUL TRANSITION INTO STABLE, PERMANENT HOUSING. ALL ELIGIBLE PARTICIPANTS WILL BE ENROLLED IN A GED CLASS, VOCATIONAL EDUCATION COURSES, OR POST SECONDARY TRAINING SUCH AS COLLEGE OR TECHNICAL SCHOOLS.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since February 2017.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.