Bethany Homes And Methodist Hospital
- Assets
- $2.5m
- Revenue
- $235.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Glenview, IL
- Founding
- 04/1945
- Data as of
- 09/2021
- EIN
- 36-2012788
Organization Overview
Bethany Homes And Methodist Hospital is located in Glenview, IL. The organization was established in 1945. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bethany Homes And Methodist Hospital 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 09/2021, Bethany Homes And Methodist Hospital generated $235.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (58.2%) each year. All expenses for the organization totaled $271.9k during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (57.9%) per year over the past 6 years. 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
SEE SCHEDULE O.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BETHANY HOMES AND METHODIST HOSPITAL CONTAINS TWO DIVISIONS: METHODIST HOSPITAL OF CHICAGO (MHC) AND BETHANY RETIREMENT COMMUNITY (BRC). ON SEPTEMBER 30, 2019, THE CORPORATION SOLD THE MHC AND BRC DIVISIONS OF THE BUSINESS. AT SEPTEMBER 30, 2021, MHC AND BRC REMAINING ACTIVITY RELATES TO PREVIOUSLY DISCONTINUED OPERATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bruce Balfe Secretary/treasurer | OfficerTrustee | 1 | $0 |
Sunny Lopez President/ceo | OfficerTrustee | 1 | $0 |
Stephen A Dahl Chairman | OfficerTrustee | 1 | $0 |
Keith Reed Vice-Chairman | OfficerTrustee | 1 | $0 |
David E Carlson Director | Trustee | 1 | $0 |
Jennifer Christy Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jay Anesthesia And Pain Anesthesia Services | 9/29/19 | $260,000 |
Jc Medical Group Ltd Medical Services | 9/29/19 | $124,583 |
Creative Scape Landscapers Inc Landscaping | 9/29/19 | $124,188 |
Polsinelli Shughart Pc Legal Services | 9/29/19 | $121,852 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $235,369 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $235,369 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $20,889 |
| Pension plan accruals and contributions | $7,517 |
| Other employee benefits | $35,106 |
| Payroll taxes | $1,159 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $61,893 |
| Fees for services: Accounting | $67,909 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,612 |
| Advertising and promotion | $0 |
| Office expenses | $7,306 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $19,540 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $15,957 |
| All other expenses | $0 |
| Total functional expenses | $271,854 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $46,239 |
| 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 | $275 |
| Net Land, buildings, and equipment | $33,682 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,462,897 |
| Total assets | $2,543,093 |
| Accounts payable and accrued expenses | $16,442 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $165,234 |
| Total liabilities | $181,676 |
| Net assets without donor restrictions | $1,220,244 |
| Net assets with donor restrictions | $1,141,173 |
| 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 | $2,543,093 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Bethany Homes And Methodist Hospital has recieved totaling $3,000.
| Awarding Organization | Amount |
|---|---|
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: GENERAL SUPPORT | $3,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Divine Savior Healthcare Inc Portage, WI | $146,404,206 | $99,548,163 |
Jackson Park Hospital Foundation Chicago, IL | $132,629,667 | $107,987,360 |
St Margarets Health Spring Valley Spring Valley, IL | $107,727,640 | $91,881,221 |
Sauk Prairie Healthcare Inc Prairie Du Sac, WI | $167,630,839 | $104,363,502 |
Langlade Hospital-Hotel Dieu Of St Joseph Of Antigo Wisconsin Antigo, WI | $246,815,047 | $116,695,452 |
Northwest Memorial Healthcare Chicago, IL | $480,593,285 | $82,724,469 |
Thorek Memorial Hospital Chicago, IL | $512,859,760 | $127,922,496 |
St Lukes Des Peres Episcopal-Presbyterian Hospital Chesterfield, MO | $97,618,886 | $86,507,537 |
Ascension Via Christi Hospital Manhattan Inc St Louis, MO | $74,708,914 | $108,962,150 |
Mercy Medical Center of Oshkosh Inc Oshkosh, WI | $0 | $88,188,701 |
Loretto Hospital Chicago, IL | $32,559,170 | $88,416,844 |
Aspirus Medford Hospital & Clinics Inc Medford, WI | $193,217,464 | $105,652,472 |