BAY COVE HUMAN SERVICES INC

BOSTON, MA, 02114-2002 (617) 371-3000 Est. 1973 EIN 04-2518575

Form 990 501(c)(3)

WWW.BAYCOVE.ORG

Mission

THE ORGANIZATION'S MISSION IS TO PROVIDE A FULL RANGE OF HUMAN SERVICES TO GREATER BOSTON RESIDENTS WHO FACE THE CHALLENGES ACCOMPANYING DEVELOPMENTAL DISABILITIES, MENTAL ILLNESS, HOMELESSNESS, DRUG AND ALCOHOL DEPENDENCY AND OTHER MENTAL, PHYSICAL AND AGING CHALLENGES.

Financials

Total Revenue

$144,896,476

Total Expenses

$139,100,945

Net Assets

$39,604,840

2,096 employees 420 volunteers

From latest filing (tax period ending 2023-06-30)

Financial Health

Operating Reserve

3.4 months Adequate

Net assets / monthly expenses

Year-over-Year Change

Revenue ↑ 5.0%

Expenses ↑ 4.9%

Revenue Sources

Contributions 5.2% Earned revenue 93.0% Investment 0.2% Other 2.0%

Expense Breakdown

Program 87.1% Management 12.4% Fundraising 0.4%

Officers & Key Employees (32)

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Grants Received (163)

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Filing History (6 filings)

Year	Revenue	Expenses	Net Assets
2022 Form 990	$144,896,476 ↑	$139,100,945	$39,604,840
2021 Form 990	$138,026,534 ↑	$132,622,013	$33,708,674
2020 Form 990	$126,196,963 ↓	$123,575,637	$30,014,236
2019 Form 990	$127,931,634 ↑	$126,338,150	$26,920,979
2018 Form 990	$123,993,168 ↑	$120,825,711	$25,933,340
2017 Form 990	$107,227,305	$107,518,700	$21,283,674