Bethany-Development Outreach Housing Development Fund Corp
- Assets
- $2.5m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 04/2000
- Data as of
- 09/2022
- EIN
- 13-4070992
Organization Overview
Bethany-Development Outreach Housing Development Fund Corp is located in New York, NY. The organization was established in 2000. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bethany-Development Outreach Housing Development Fund Corp 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 09/2022, Bethany-Development Outreach Housing Development Fund Corp generated $1.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $1.6m during the year ending 09/2022. While expenses have increased by 5.3% per year over the past 6 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE HOUSING FOR THE ELDERLY HUD SECT 202
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven A Robinson President | 20 | $0 | |
Shirley Jones Treasurer | 5 | $0 | |
Mary Sweeting Vice President | 5 | $0 | |
Devra Daniels Secretary | 5 | $0 | |
Kiamesha Bell Board Member | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $58,150 |
| Interest on Savings | $231 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,436 |
| Total Revenue | $1,178,375 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $157,715 |
| Pension plans, employee benefits | $75,052 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $229,393 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,080,931 |
| Total operating and administrative expenses | $1,558,099 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $1,558,099 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $142,148 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $8,524 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $2,070,796 |
| Other assets | $286,157 |
| Total assets | $2,507,625 |
| Accounts payable and accrued expenses | $172,650 |
| Grants payable | $0 |
| Deferred revenue | $2,766 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $7,368,235 |
| Other liabilities | $14,877 |
| Total liabilities | $7,558,528 |
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Evangelical Services For The Aging Warminster, PA | $46,788,382 | $16,687,453 |
The Pines At Whiting Whiting, NJ | $28,869,676 | $19,824,900 |
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Springpoint Senior Living Inc Wall, NJ | $91,116,877 | $20,222,460 |
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