Bethany Community Services Inc
- Assets
- $58.3m
- Revenue
- $6.5m
- Investments
- $0.0
- Employees
- 88
- Location
- Haverhill, MA
- Founding
- 04/1969
- Data as of
- 12/2023
- EIN
- 23-7013464
Organization Overview
Bethany Community Services Inc is located in Haverhill, MA. The organization was established in 1969. According to its NTEE Classification (L02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Housing & Shelter and related organizations. As of 12/2023, Bethany Community Services Inc employed 88 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bethany Community Services 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 12/2023, Bethany Community Services Inc generated $6.5m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 16.8% each year . All expenses for the organization totaled $7.1m during the year ending 12/2023. While expenses have increased by 14.1% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE SERVICES TO THE ELDERLY
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE MEALS, HOUSEKEEPING, LAUNDRY, MAINTENANCE, SOCIAL ACTIVITIES AND OTHER SUPPORTIVE AND ADMINISTRATIVE DUTIES FOR AN ELDERLY COMMUNITY OF 362 HOUSEHOLDS
PROVIDES 245 APARTMENTS TO ELDERLY AND LOW-INCOME INDIVIDUALS. RENTAL REVENUE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katie Vozeolas Chair | OfficerTrustee | 0.5 | $0 |
John Debaun Treasurer | OfficerTrustee | 0.5 | $0 |
Brian Farmer Clerk | OfficerTrustee | 0.5 | $0 |
Paul Johnson Director | Trustee | 0.5 | $0 |
Stephen Corcoran Director | Trustee | 0.5 | $0 |
Candy Brower Director | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
C3 Commercial Clerk Of Works | 12/30/23 | $153,984 |
Davis Square Architects Architect Services | 12/30/23 | $134,613 |
Allegrone Construction Construction | 12/30/23 | $10,283,454 |
Northeast Computer Technology Support | 12/30/23 | $120,400 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $244,340 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $244,340 |
| Total Program Service Revenue | $5,876,689 |
| Investment income | $391,873 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $21,643 |
| Net Income from Fundraising Events | $5,584 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,540,129 |
| 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. | $279,407 |
| Compensation of current officers, directors, key employees. | $240,290 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,332,806 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $232,675 |
| Payroll taxes | $133,185 |
| Fees for services: Management | $5,105 |
| Fees for services: Legal | $825 |
| Fees for services: Accounting | $17,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,323 |
| Office expenses | $115,364 |
| Information technology | $101,566 |
| Royalties | $0 |
| Occupancy | $77,165 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $884,470 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $947,750 |
| Insurance | $74,446 |
| All other expenses | $2,693,834 |
| Total functional expenses | $7,090,986 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,903,414 |
| Pledges and grants receivable | $100,000 |
| Accounts receivable, net | $263,989 |
| 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 | $232,600 |
| Net Land, buildings, and equipment | $43,499,553 |
| Investments—publicly traded securities | $8,729,117 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,593,706 |
| Total assets | $58,322,379 |
| Accounts payable and accrued expenses | $1,684,840 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $198,261 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $43,671,941 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $41,021 |
| Total liabilities | $45,596,063 |
| Net assets without donor restrictions | $11,313,583 |
| Net assets with donor restrictions | $1,412,733 |
| 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 | $58,322,379 |