Bethesda House Corp
- Assets
- $6.1m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 13
- Location
- Boothwyn, PA
- Founding
- 05/1990
- Data as of
- 06/2024
- EIN
- 23-2532942
Organization Overview
Bethesda House Corp is located in Boothwyn, PA. The organization was established in 1990. 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 06/2024, Bethesda House Corp employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bethesda House 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 06/2024, Bethesda House Corp generated $1.6m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of 0.0% each year. All expenses for the organization totaled $1.3m during the year ending 06/2024. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE HOUSING AND RELATED SERVICES TO FINANCIALLY DISADVANTAGED ELDERLY AND/OR PERSONS WITH DISABILITIES RECEIVING HUD RENT SUBSIDY ASSISTANCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES HOUSING TO FINANCIALLY DISADVANTAGED ELDERLY AND/OR PERSONS WITH DISABILITIES.
THE ORGANIZATION PROVIDES HOUSING TO FINANCIALLY DISADVANTAGED ELDERLY AND/OR PERSONS WITH DISABILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Mansi President | OfficerTrustee | 2 | $0 |
David Krauter Vice Preside | OfficerTrustee | 2 | $0 |
Tom Lorefice Treasurer | OfficerTrustee | 2 | $9,034 |
Francis Baylis Director | Trustee | 0.25 | $0 |
Nancy Karafel Director | Trustee | 0.25 | $0 |
Joseph Regan Director | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,110,461 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,110,461 |
| Total Program Service Revenue | $417,741 |
| Investment income | $105,593 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$4,754 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,632,328 |
| 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. | $34,711 |
| Compensation of current officers, directors, key employees. | $34,711 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $181,901 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $90,992 |
| Payroll taxes | $13,214 |
| Fees for services: Management | $64,614 |
| Fees for services: Legal | $105 |
| Fees for services: Accounting | $27,316 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $135,866 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $299,517 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $75,041 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $186,810 |
| Insurance | $91,890 |
| All other expenses | $4,122 |
| Total functional expenses | $1,262,861 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $47,979 |
| Savings and temporary cash investments | $266,588 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $13,957 |
| 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 | $77,556 |
| Net Land, buildings, and equipment | $1,736,306 |
| Investments—publicly traded securities | $2,871,194 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,104,592 |
| Total assets | $6,118,172 |
| Accounts payable and accrued expenses | $12,872 |
| 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 | $1,223,474 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $45,572 |
| Total liabilities | $1,281,918 |
| Net assets without donor restrictions | $4,034,169 |
| Net assets with donor restrictions | $802,085 |
| 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 | $6,118,172 |