Bethany Manor Inc
- Assets
- $32.7m
- Revenue
- $16.9m
- Investments
- $0.0
- Employees
- 425
- Location
- Story City, IA
- Founding
- 02/1965
- Data as of
- 12/2022
- EIN
- 42-0685073
Organization Overview
Bethany Manor Inc, operating under the name Bethany Life Communities, is located in Story City, IA. The organization was established in 1965. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, under the broad grouping of Health Care and related organizations. As of 12/2022, Bethany Life Communities employed 425 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bethany Life Communities 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 12/2022, Bethany Life Communities generated $16.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $19.0m during the year ending 12/2022. While expenses have increased by 2.9% per year over the past 8 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
HELP ELDERS THRIVE IN THEIR LIFE JOURNEY, LIVING IN A CHRISTIAN ENVIRONMENT OF HOPE & COMPASSION
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED SKILLED NURSING AND NURSING FACILITY LEVELS OF CARE FOR APPROX 45,000 BED DAYS WITHIN THE HOUSEHOLDS OF BETHANY. THE HOUSEHOLDS OF BETHANY CONSIST OF 9 HOUSEHOLDS, DESIGNED TO FEEL LIKE HOME EACH WITH A LIVING AREA, DINING ROOM AND KITCHEN. 2 OF THE 9 HOUSEHOLDS PROVIDED MEMORY CARE. RESIDENTS WERE ALSO PROVIDED REHABILITATION SERVICES, THE OPPORTUNITY TO PARTICIPATE IN DAILY ACTIVITIES AND ACCESS TO A FULL-TIME CHAPLAIN
TIMBERLAND VILLAGE CONSISTS OF 24 ASSISTED LIVING UNITS AND 36 INDEPENDENT LIVING UNITS. PROVIDED RESIDENTS WITH ASSISTED LIVING SERVICES, MEALS, TRANSPORTATION, ACTIVITIES AND CHAPLAIN SERVICES. ALSO PROVIDED INDEPENDENT LIVING THROUGH THE TWIN HOMES WHICH ARE MADE UP OF 12 UNITS
THE LIFECHOICES AT BETHANY PROGRAM PROVIDED SERVICES TO MEMBERS THAT FOCUSED ON WELLNESS AND INDEPENDENCE. EACH MEMBER HAS A PERSONAL ADVOCATE THAT PROVIDED THEM WITH ACCESS TO THE FOLLOWING SERVICES AS NEEDED: WELLNESS AND EDUCATION, HOME AND COMMMUNITY-BASED SERVICES, HOSPITALITY AND ENIRONMENTAL SERVICES AND NURSING HOME AND ASSISTED LIVING SERVICES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Austin Mortvedt Director Of | 40 | $152,460 | |
Albert Gwion Cna | 40 | $137,421 | |
Guadalipe Dalbey Cma | 40 | $118,771 | |
Kimberly Schilling CEO | Officer | 40 | $117,421 |
Jeremy Allman Director | Trustee | 1 | $0 |
Nancy Carlson Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rehabcare Rehabilitation | 12/30/19 | $762,587 |
Continuum Health Services Consulting | 12/30/19 | $212,146 |
Rtg Medical Inc Contract Agency Nursing | 12/30/19 | $582,443 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $65,636 |
| Government grants | $93,899 |
| All other contributions, gifts, grants, and similar amounts not included above | $55 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $159,590 |
| Total Program Service Revenue | $16,599,612 |
| Investment income | $144,702 |
| 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 | $16,903,904 |
| 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. | $234,918 |
| Compensation of current officers, directors, key employees. | $234,918 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,407,255 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $576,832 |
| Payroll taxes | $699,740 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,147,978 |
| Advertising and promotion | $221,212 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $905,200 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $668,680 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,578,184 |
| Insurance | $240,621 |
| All other expenses | $0 |
| Total functional expenses | $19,049,228 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,229,699 |
| Savings and temporary cash investments | $2,812,347 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $765,013 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $68,849 |
| Prepaid expenses and deferred charges | $192,566 |
| Net Land, buildings, and equipment | $22,875,138 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $803,150 |
| Total assets | $32,746,762 |
| Accounts payable and accrued expenses | $1,247,216 |
| Grants payable | $0 |
| Deferred revenue | $5,413,178 |
| 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 | $22,690,194 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $29,350,588 |
| Net assets without donor restrictions | $3,396,174 |
| Net assets with donor restrictions | $0 |
| 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 | $32,746,762 |