Public Charity

CARDINAL BAY INC

CARDINAL BAY INC is a nonprofit organization categorized as Public Charity based in KATY, TX. Its most recent IRS filing (2025) reports revenue of $47.3M, expenses of $48.1M, total assets of $198.4M.

EIN: 352440075 KATY, TX Senior Citizens Housing & Retirement Communities NTEE: L22 Latest filing: 2025
Total Revenue$47.3M
Total Expenses$48.1M
Total Assets$198.4M
Grant Records0
Filing Years2020–2025

Mission

IT IS THE MISSION OF CARDINAL BAY, INC., TO ASSERT EFFORTS TOWARDS DEVELOPING, FINANCING AND OPERATING FOR THE LONG-TERM, QUALITY, STABLE AND HEALTHY, PROGRAM-ENRICHED, AFFORDABLE HOUSING FOR FAMILIES, SENIOR CITIZENS AND PEOPLE WITH SPECIAL NEEDS.

Where $100 goes at Cardinal Bay Inc

How Cardinal Bay Inc divides every $100 it spends, from its own Form 990 filings, averaged across 8 years.

$91 Programs the work itself
$9 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $91 for programs

$91
Eight senior living facilities providing 1,043 quality affordable independent living, assisted living, and memory support units for senior citizens
All program spending
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Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

PRESIDENT, CHAIRMAN Laurence P Dahl
SECRETARY Matthew H Pehrson
TREASURER Robert E Ogle

Officer compensation and complete director data available with membership.

Financial Trends

Year Revenue Expenses Assets
2025 $47.3M $48.1M $198.4M
2024 $44.2M $47.5M $199.8M
2023 $42.0M $45.9M $203.5M
2022 $39.3M $44.8M $210.8M
2020 $37.8M $41.9M $225.7M

Between 2020 and 2025, reported annual revenue grew from $37.8M to $47.3M (+25%), with total assets most recently reported at $198.4M.

Interactive year-over-year charts and full filing details available with membership.

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