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Filing year 2024

CARDINAL BAY INC

Shelton, Connecticut·EIN 35-2440075·NTEE L22 · Housing & Shelter·3
Total revenue
$44.2M
Total assets
$199.8M
Total expenses
$47.5M
Reported officers
4
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.

Executive compensation

Form 990 · Schedule J · 4 reported individuals · Filing year 2024

Base salaryExecutive compensation
President, Chairman
board chair
$60k
$65k
Treasurer
officer (unspecified)
$60k
$65k
Secretary
officer (unspecified)
$60k
$65k
President, Chairman, Treas
board chair
$10k
$11k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Northeast region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Browse compensation in Housing & Shelter

Up 84%
from 2023

From $33k in 2023 to $60k in 2024.

$33k
2023
$60k
2024
In today's dollarsEst.
Up 78% in real terms$36k to $65k

Estimated with BLS CPI-U for the Northeast region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

CARDINAL BAY INC reported revenue and expenses across 2 filing years.

RevenueExpenses
$42M
$45.9M
2023
$44.2M
$47.5M
2024
Total revenue and total expenses from IRS Form 990 filings.
Sector benchmark

What Housing & Shelter executives earn in Connecticut

Comparable housing & shelter organizations in Connecticut pay their highest-earning executive a median of $99,760.

25th percentile
$33k
Median
$99,760
75th percentile
$149k
90th percentile
$192k

These are housing & shelter sector-wide figures, not this organization's reported pay. Based on 92 organizations across 92 filings (2022 – 2024).

See full Housing & Shelter pay data for Connecticut
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