Bethany Home Of Rhode Island
- Assets
- $10.4m
- Revenue
- $5.4m
- Investments
- $0.0
- Employees
- 88
- Location
- Providence, RI
- Founding
- 11/1943
- Data as of
- 12/2022
- EIN
- 05-0258941
Organization Overview
Bethany Home Of Rhode Island is located in Providence, RI. The organization was established in 1943. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, under the broad grouping of Health Care and related organizations. As of 12/2022, Bethany Home Of Rhode Island employed 88 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bethany Home Of Rhode Island 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 12/2022, Bethany Home Of Rhode Island generated $5.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $5.3m during the year ending 12/2022. While expenses have increased by 2.4% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SUPERIOR SKILLED NURSING CARE IN A COMFORTABLE HOMELIKE ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LICENSED TO CARE FOR 33 RESIDENTS, BETHANY HOME PROVIDES TOP-NOTCH SKILLED NURSING SERVICES, WITHIN AN INTIMATE, HOME-LIKE SETTING. THE FACILITY IS MEDICARE AND MEDICAID CERTIFIED. DURING 2022 BETHANY HOME PROVIDED 10,190 BED DAYS. INCLUDED IN THIS TOTAL WERE 3,172 MEDICAID AND 3,033 MEDICARE BED DAYS PROVIDED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephanie Igoe Administrator | OfficerTrustee | 36 | $130,428 |
Sr Jane Mcgarrahan Board Chair | OfficerTrustee | 1 | $0 |
Helaine Schupack Co-Chairman Left Jun2022 | OfficerTrustee | 0.5 | $0 |
Caroline Cornwell Co-Chairman | OfficerTrustee | 0.5 | $0 |
Mark Chaffe Treasurer | OfficerTrustee | 0.5 | $0 |
Alan Lawson Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $486,990 |
| Government grants | $219,549 |
| All other contributions, gifts, grants, and similar amounts not included above | $208,872 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $915,411 |
| Total Program Service Revenue | $4,468,201 |
| Investment income | $13,306 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$32 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,397,108 |
| 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. | $139,535 |
| Compensation of current officers, directors, key employees. | $139,535 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,985,134 |
| Pension plan accruals and contributions | $100,252 |
| Other employee benefits | $409,789 |
| Payroll taxes | $253,250 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,969 |
| Fees for services: Accounting | $35,859 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $175,655 |
| Advertising and promotion | $21,965 |
| Office expenses | $23,022 |
| Information technology | $16,189 |
| Royalties | $0 |
| Occupancy | $162,264 |
| Travel | $1,578 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,853 |
| Interest | $200 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $236,182 |
| Insurance | $63,138 |
| All other expenses | $62,318 |
| Total functional expenses | $5,345,288 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,126,248 |
| Savings and temporary cash investments | $14,445 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $412,157 |
| 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 | $42,619 |
| Net Land, buildings, and equipment | $2,274,507 |
| Investments—publicly traded securities | $37,438 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,454,897 |
| Total assets | $10,362,311 |
| Accounts payable and accrued expenses | $245,212 |
| Grants payable | $0 |
| Deferred revenue | $911 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $2,412 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $248,535 |
| Net assets without donor restrictions | $4,682,020 |
| Net assets with donor restrictions | $5,431,756 |
| 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 | $10,362,311 |