Bethel Community Development Corp
- Assets
- $2.1m
- Revenue
- $242.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Buffalo, NY
- Founding
- 02/1999
- Data as of
- 12/2021
- EIN
- 16-1554279
Organization Overview
Bethel Community Development Corp is located in Buffalo, NY. The organization was established in 1999. According to its NTEE Classification (L50) the organization is classified as: Homeowners & Tenants Associations, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bethel Community Development 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 12/2021, Bethel Community Development Corp generated $242.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.8%) each year. All expenses for the organization totaled $290.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.5%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
REHABILITATE BUILDINGS FOR SALE AND LEASE
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTAINING AND ENHANCING THE CHARACTER OF THE NEIGORHOOD BY DEVELOPING RESIDENTIAL AND COMMERCIAL REAL ESTATE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
E Paul Smith Vice President | 5 | $0 | |
Willie Pulliam President | 5 | $0 | |
Caroline Hoffman-Veasey Secretarytreasurer | 5 | $0 | |
Sharon Stenhouse Director | 0 | $0 | |
Richard Stenhuse Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | -$47,879 |
| 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 | $0 |
| Total Revenue | $242,255 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $37,046 |
| Taxes | $0 |
| Depreciation | $204,538 |
| Occupancy | $3,000 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $39,125 |
| Total operating and administrative expenses | $290,134 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $290,134 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $123,599 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| 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 | $5,198 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $1,985,310 |
| Other assets | $12,052 |
| Total assets | $2,126,159 |
| Accounts payable and accrued expenses | $13,800 |
| Grants payable | $0 |
| Deferred revenue | $28,664 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $787,651 |
| Other liabilities | $1,500 |
| Total liabilities | $831,615 |
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|---|---|---|
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Pradera Corporation Philadelphia, PA | $3,527,505 | $9,032,798 |
Homes For The Homeless Institute Inc New York, NY | $69,885,275 | $9,054,313 |
Initiative For A Competitive Inner City Inc Roxbury, MA | $11,137,097 | $6,700,624 |
Spring Meadows Association Of Responsible Tenants Inc Springfield, MA | $14,323,481 | $4,117,328 |
St Vincents Development Inc Trumbull, CT | $27,854,287 | $3,404,975 |
Bucks County Housing Group Inc Warminster, PA | $3,270,461 | $3,883,677 |
Mutual Housing Association Of Greater Hartford Inc Hartford, CT | $35,173,874 | $3,634,828 |
Monmouth Council No 9 Civil Service Association Housing Corporation Asbury Park, NJ | $13,033,199 | $4,484,843 |
Allentown Bnai Brith Housing Corp Allentown, PA | $7,631,458 | $3,117,871 |