Bethany Retirement Home Inc
- Assets
- $10.3m
- Revenue
- $6.2m
- Investments
- $0.0
- Employees
- 116
- Location
- Horseheads, NY
- Founding
- 01/1971
- Data as of
- 12/2021
- EIN
- 16-0988865
Organization Overview
Bethany Retirement Home Inc is located in Horseheads, NY. The organization was established in 1971. 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. As of 12/2021, Bethany Retirement Home Inc employed 116 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bethany Retirement Home Inc 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 12/2021, Bethany Retirement Home Inc generated $6.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $5.8m during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE REGIONAL LEADERSHIP, SERVICES, ADVOCACY, AND EDUCATION FOR QUALITY SENIOR LIVING, WHILE OFFERING A VIBRANT, LIFE-AFFIRMING RESIDENTIAL COMMUNITY THAT CELEBRATES SPIRTUAL WELL-BEING, ENHANCES INDEPENDENCE, AND PROMOTES WELLNESS AS ITS RESIDENTS EVOLVE TOWARD THEIR FULL POTENTIAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES CONGREGATE LIVING FOR THE ELDERLY AND OPERATES A RESIDENTIAL ASSISTED LIVING FACILITY. THE COMPANY ALSO PROVIDES ADULT DAY CARE AND HOME HEALTH CARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lesley Latshaw Associate Executive Direct | Officer | 40 | $96,805 |
Richard Carr Treasurer/secretary | OfficerTrustee | 2 | $0 |
Jason Parmenter Vice Chair | OfficerTrustee | 2 | $0 |
Dawn Burlew Board Chair | OfficerTrustee | 2 | $0 |
Jack Benjamin Vice Chair | OfficerTrustee | 2 | $0 |
Michael Kiser Executive Director | Officer | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $28,719 |
| All other contributions, gifts, grants, and similar amounts not included above | $17,486 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $46,205 |
| Total Program Service Revenue | $5,807,426 |
| Investment income | $29,016 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $675 |
| Net Gain/Loss on Asset Sales | $189,086 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,193,280 |
| 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. | $116,943 |
| Compensation of current officers, directors, key employees. | $44,438 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,916,121 |
| Pension plan accruals and contributions | $35,838 |
| Other employee benefits | $298,278 |
| Payroll taxes | $226,178 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $33,594 |
| Fees for services: Accounting | $18,201 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $21,500 |
| Advertising and promotion | $67,909 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $134,675 |
| Travel | $17,522 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $263,072 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $197,846 |
| Insurance | $107,649 |
| All other expenses | $0 |
| Total functional expenses | $5,798,599 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $600 |
| Savings and temporary cash investments | $2,674,372 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $253,107 |
| 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 | $86,630 |
| Net Land, buildings, and equipment | $2,591,431 |
| Investments—publicly traded securities | $1,677,565 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,057,940 |
| Total assets | $10,341,645 |
| Accounts payable and accrued expenses | $466,403 |
| Grants payable | $0 |
| Deferred revenue | $16,878 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $12,620 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $5,698,280 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $6,194,181 |
| Net assets without donor restrictions | $3,132,464 |
| Net assets with donor restrictions | $1,015,000 |
| 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 | $10,341,645 |
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|---|---|---|
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Reformed Church Ministries To The Aging The Particular Synod Of The Old Bridge, NJ | $46,050,388 | $18,196,179 |
Bristol Glen Inc Neptune, NJ | $77,949,384 | $23,074,416 |
Artman Lutheran Home Ambler, PA | $58,762,001 | $19,567,052 |
New Horizons Inc Farmington, CT | $23,361,586 | $23,057,821 |
Bethlen Home Of The Hungarian Reformed Federation Of America Ligonier, PA | $24,911,659 | $19,095,488 |
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 |
Loomis Housing Corporation South Hadley, MA | $99,172,957 | $19,770,909 |
Evangelical Manor Warminster, PA | $21,826,536 | $16,413,421 |
Springpoint Senior Living Inc Wall, NJ | $91,116,877 | $20,222,460 |
Heron Point Of Chestertown Inc Fort Washington, PA | $70,848,712 | $18,371,788 |