Bethany Methodist Corporation
- Assets
- $25.3m
- Revenue
- $7.2m
- Investments
- $0.0
- Employees
- 152
- Location
- Glenview, IL
- Founding
- 10/2002
- Data as of
- 09/2023
- EIN
- 04-3604839
Organization Overview
Bethany Methodist Corporation, operating under the name Chestnut Square at the Glen, is located in Glenview, IL. The organization was established in 2002. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 09/2023, Chestnut Square at the Glen employed 152 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chestnut Square at the Glen is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2023, Chestnut Square at the Glen generated $7.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $8.6m during the year ending 09/2023. While expenses have increased by 7.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
BETHANY NORTH SUBURBAN GROUP (BNSG) PROVIDES EXCEPTIONAL SENIOR COMMUNITY LIVING AND HEALTH CARE THAT PROMOTES HOLISTIC WELL-BEING FOR RESIDENTS AND CLIENTS THROUGH: CHESTNUT SQUARE AT THE GLEN AND PARTNERS IN HEALTH CARE. BNSG WAS ESTABLISHED IN 2003 AND IS A DIVISION OF BETHANY METHODIST CORPORATION, A FAITH-BASED ORGANIZATION AFFILIATED WITH THE UNITED METHODIST CHURCH. THE ORGANIZATION IS GUIDED BY THE VALUES OF COMPASSION, ADVOCACY, TRUST, TEAMWORK AND TRANSPARENCY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INDEPENDENT SENIORS RESIDENTIAL MISSION: BNSG IS FAITHFUL TO ITS NON-PROFIT, FAITH-BASED FOUNDATION AND ITS CONTINUING COMMITMENT AS A PROVIDER OF QUALITY RESIDENTIAL, HOSPITALITY, AND ANCILLARY PROGRAMS FOR INDEPENDENT OLDER ADULTS. BNSG'S FULL-SERVICE, MAINTENANCE-FREE APARTMENTS ARE DESIGNED FOR ACTIVE SENIORS, AND ARE COMPLEMENTED BY A BROAD RANGE OF AMENITIES, INCLUDING A LIBRARY, INTER-FAITH CHAPEL, FELLOWSHIP AREAS, AND MEDIA ROOM. ALONG WITH HOUSING SERVICES, PROFESSIONAL STAFF ENSURE THAT OTHER RESIDENTS' INTERESTS AND NEEDS ARE MET, INCLUDING: OPPORTUNITIES FOR SOCIAL INTERACTION WITH PEERS, TRANSPORTATION, INTER-GENERATIONAL EXCHANGES, EXPRESSION OF RELIGIOUS BELIEFS, AND OCCASIONS TO CONTRIBUTE THEIR TIME AND TALENTS AS VOLUNTEERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sunny Lopez President/ceo | OfficerTrustee | 38 | $170,740 |
Jennifer Christy Chair | OfficerTrustee | 1 | $0 |
Bruce Balfe Secretary/treasurer | OfficerTrustee | 1 | $0 |
Scort Christy Director | Trustee | 1 | $0 |
Maureen Farrell Director | Trustee | 1 | $0 |
Janice Maloney Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Gordon Food Service Catering | 9/29/22 | $581,094 |
Rsm Us Llp Audit | 9/29/22 | $113,100 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $36,244 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $36,244 |
| Total Program Service Revenue | $7,097,129 |
| Investment income | $57,123 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,190,496 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $243,093 |
| Compensation of current officers, directors, key employees. | $60,773 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,327,681 |
| Pension plan accruals and contributions | $32,670 |
| Other employee benefits | $284,285 |
| Payroll taxes | $234,198 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $28,848 |
| Fees for services: Accounting | $92,896 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $586,423 |
| Advertising and promotion | $52,131 |
| Office expenses | $280,596 |
| Information technology | $38,456 |
| Royalties | $0 |
| Occupancy | $1,235,425 |
| Travel | $10,773 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,257 |
| Interest | $47,104 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,092,649 |
| Insurance | $346,142 |
| All other expenses | $25,809 |
| Total functional expenses | $8,645,516 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,379,464 |
| Savings and temporary cash investments | $596,277 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $98,400 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $13,706 |
| Net Land, buildings, and equipment | $16,089,911 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,145,078 |
| Total assets | $25,322,836 |
| Accounts payable and accrued expenses | $1,128,224 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $744,700 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $40,502,885 |
| Total liabilities | $42,375,809 |
| Net assets without donor restrictions | -$17,056,553 |
| Net assets with donor restrictions | $3,580 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $25,322,836 |