B E D S Inc
- Assets
- $5.2m
- Revenue
- $5.1m
- Investments
- $0.0
- Employees
- 65
- Location
- La Grange, IL
- Founding
- 01/1992
- Data as of
- 06/2022
- EIN
- 36-3741040
Organization Overview
B E D S Inc is located in La Grange, IL. The organization was established in 1992. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 06/2022, B E D S Inc employed 65 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. B E D S 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 06/2022, B E D S Inc generated $5.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 23.1% each year . All expenses for the organization totaled $4.7m during the year ending 06/2022. While expenses have increased by 29.2% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO HELP VULNERABLE INDIVIDUALS STABILIZE THEIR LIVES THROUGH HOUSING AND SUPPORTIVE SERVICES. AS DESCRIBED EARLIER, BEDS PROVIDES HOMELESSNESS PREVENTION AND STABILIZATION, EMERGENCY, AND REHOUSING SERVICES. IT ANNUALLY REACHES MORE THAN 1200 INDIVIDUALS, 84 PERCENT OF WHOM REGAIN HOUSING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE SUPPORT AND SHELTER THROUGH HOUSING AND SUPPORTIVE SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Valantine Vice President | Officer | 2 | $0 |
Dawn Mcmillin Treasurer | Officer | 2 | $0 |
Mark Harris Secretary | Officer | 2 | $0 |
Mark Rudzinski President | Officer | 2 | $0 |
Rick Rius Director | Trustee | 2 | $0 |
Mark Laubacher Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,482,885 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,548,504 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,031,389 |
| Total Program Service Revenue | $13,184 |
| Investment income | $6,855 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $26,790 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $35,099 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,113,317 |
| 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 | $1,557,355 |
| Pension plan accruals and contributions | $22,393 |
| Other employee benefits | $113,010 |
| Payroll taxes | $143,384 |
| Fees for services: Management | $20,569 |
| Fees for services: Legal | $16,404 |
| Fees for services: Accounting | $16,378 |
| 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 | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $450 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,512 |
| Insurance | $37,093 |
| All other expenses | $91,910 |
| Total functional expenses | $4,684,328 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $537,822 |
| Pledges and grants receivable | $989,590 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $903,481 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,805,981 |
| Total assets | $5,236,874 |
| Accounts payable and accrued expenses | $254,556 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $18,013 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $637,129 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $909,698 |
| Net assets without donor restrictions | $3,558,642 |
| Net assets with donor restrictions | $768,534 |
| 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 | $5,236,874 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that B E D S Inc has recieved totaling $405,580.
| Awarding Organization | Amount |
|---|---|
Housing Forward Maywood, IL PURPOSE: GENERAL ASSISTANCE | $289,820 |
Alliance To End Homelessness In Suburban Cook County Hillside, IL PURPOSE: GENERAL ASSISTANCE | $66,356 |
United Way Of Metropolitan Chicago Inc Chicago, IL PURPOSE: PROGRAM SUPPORT | $34,330 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $7,500 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $7,051 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $523 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Yum Brands Foundation Inc Louisville, KY | $62,047,633 | $1,353,894 |
Girl Scouts Of Eastern Missouri Inc St Louis, MO | $41,876,901 | $17,676,549 |
Zakat Foundation Of America Worth, IL | $10,176,762 | $13,348,196 |
Art Of Living Foundation Fairfield, IA | $25,087,396 | $11,765,416 |
Rose Brooks Center Inc Kansas City, MO | $20,126,633 | $9,910,378 |
Horizon House Of Illinois Valley Inc Peru, IL | $4,828,429 | $7,447,824 |
Marshall-Starke Development Center Inc Plymouth, IN | $2,688,412 | $6,830,962 |
Opportunities Unlimited Sioux City, IA | $5,084,189 | $7,147,348 |
Lakeshore Cap Inc Of Wisconsin Manitowoc, WI | $4,910,382 | $5,227,133 |
Jefferson County Comprehensive Mt Vernon, IL | $4,460,703 | $5,732,425 |
Cdc Resources Inc Monticello, IN | $3,899,685 | $5,523,588 |
Innovation Development Institute Inc Chicago, IL | $6,803,364 | $5,200,844 |