BAY HOMES DEVELOPMENT CORPORATION
301 MORGAN STREET, SUISUN CITY, CA 94585

Total Revenue
$432,636
Total Expenses
$459,417
Net Assets
$-1,216,597

Organizations Filed Purposes: TO PROVIDE LOW-COST HOUSING TO THOSE OF VERY-LOW AND MODERATE INCOME LEVELS.

THE MISSION OF THE ORGANIZATION IS TO PROVIDE AFFORDABLE HOUSING.

BAY HOMES DEVELOPMENT RENTS MULTI-FAMILY APARTMENTS TO THOSE OF VERY-LOW TO MODERATE INCOME. NO GRANT MONIES HAVE BEEN RECEIVED IN THE CURRENT YEAR. RENTAL INCOME PROVIDES FUNDING, AND OUR PAYMENTS ON OUR LOAN FROM THE CITY OF SUISUN CITY'S HOUSING AUTHORITY ARE ESTABLISHED AT A BELOW-MARKET FIXED INTEREST RATE OF JUST 2% WITH THE PROVISION THAT PAYMENTS ARE ONLY MADE WITH AVAILABLE CASH FLOW FROM OPERATIONS. THEREFORE, INSTEAD OF RECEIVING REVENUE ASSISTANCE FOR OUR MISSION, THIS GOVERNMENT AGENCY HAS PROVIDED US WITH A BELOW MARKET LOAN.

Executives Listed on Filing

Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing

NameTitleHours Per WeekTotal Salary
Fatima SalgadoDIRECTOR2$0
Yvonne RojasDIRECTOR2$0
Shaheen TakeuchiDIRECTOR1$0
Jeanie McmurryDIRECTOR1$0
Kathy Lawton-CaesarVICE CHAIR1$0
Inam KhanSECRETARY1$0
Ruth ForneyDIRECTOR1$0
Jane DayCHAIR1$0

Data for this page was sourced from XML published by IRS (public 990 form dataset) from: https://s3.amazonaws.com/irs-form-990/202121369349300122_public.xml