Bethany Methodist Corporation EIN 04-3604839

Bethany Methodist Corporation

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Offers senior living and health care promoting holistic well-being. For fiscal year 2024 it reported $562K in revenue, $327K in expenses, and $-15.1M in net assets.Pt I

Type
Public charity (501(c)(3)) · Housing
Location
Glenview, IL
Website
www.chestnutsquare.info
Filings
5 on file (2020–2024)
Revenue
$562KFY2024
Expenses
$327K
Net assets
$-15.1M
People
12
Filings
5
Updates
0
More identity details & actions ⌄
EIN  04-3604839 Public charity (501(c)(3)) Glenview, IL
Form 990 (PDF)
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Size
$100K–1M
What they do
Offers senior living and health care promoting holistic well-being.
Leadership
Renee Bellew · Dir. of Sales and Marketing · $197K
Money in and out
$562K revenue, $327K expenses
Bottom line
78% program efficiency
Where the money goes · FY2024
Total revenue
$562K
Pt VIII · Ln 12
Total expenses
$327K
Pt IX · Ln 25
Net assets
$-15.1M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $235K
Where spending went · Part IX cols B–D
Program services $0.78 Management & general $0.22
Program efficiency
78%
of spending reaches programs▲ +0.9% vs prior filing year
Operating runway
177.6mo
months of highly liquid reserves at operating expense rate▲ ×26 vs prior filing year
Surplus margin
+42%
revenue over expenses, this year▲ +517% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$562K
FY2024▼ -94%
Expenses
$327K
FY2024▼ -96%
Total assets
$22.5M
FY2024▼ -12%
Total liabilities
$37.6M
FY2024▼ -10%
Total revenue
$562K
Pt VIII · Ln 12
Total expenses
$327K
Pt IX · Ln 25
Net assets
$-15.1M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$235K
Total assetsPt X · Ln 16$22.5M
Program-expense ratioPt IX · col B78%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 48
Mission & Programs · Part III

Where the work happens

1 program service account for $255K of program spending, described in the organization's own filed words · FY2024.
01

Independent Seniors Residential Mission

BMC is faithful to its non-profit, faith-based foundation and its continuing commitment as a provider of quality residential, hospitality, and ancillary programs for independent older adults.

$255Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CBethany Methodist Corporation
EINHdr · item D04-3604839
Principal addressHdr · item CGlenview, IL
WebsiteHdr · item Jwww.chestnutsquare.info
Year of formationHdr · item Lpending
State of legal domicileHdr · item MIL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHousing (L22)
Ruling yearIRS BMFOct 2002

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b8
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Dir. of Sales and Marketing
$197,455Pt VII · Sec A
President/CEO
$195,287Pt VII · Sec A
Director of Human Resources
$109,225Pt VII · Sec A
Former President/CEO
$44,108Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Renee Bellew’s $197K as Dir. of Sales and Marketing is at the 98th percentile of top reported officer pay among 848 $100K–1M housing nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 7 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Renee Bellew$197,455$268,977$228,063$141,781$45,816
Vera Lampe$195,287$152,046$146,390$136,144$137,949$38,755
Sunny Lopez$44,108$170,330$170,740$56,324
Jacqueline Nieves$137,732
Jackie Nieves$109,225$100,782
Yona Bildner$104,061
Raymond Elster$101,376

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants$334K · 59%
Program service revenue$216K · 38%
Investment income$12K · 2%
Contributions & grants59%$334K
Program service revenue38%$216K
Investment income2%$12K
Total revenueLn 12$562K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.78 Management & general $0.22
Program services78%$255K
Management & general22%$72K
Total functional expensesLn 25$327K

Balance Sheet

Part X · end of year
CashLn 1$4.8M
Total assetsLn 16$22.5M
Total liabilitiesLn 26$37.6M
Total net assetsLn 32$-15.1M
Months of cash on handcomputed177.6

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $4.8M · Operating expenses/yr $327K
177.6 months
Where the money goes
Program services
Program services $255K · Total expenses $327K
78%
Management & General
Management & general $72K · Total expenses $327K
22%
Fundraising
Fundraising $0 · Total expenses $327K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $217K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $334K · Total revenue $562K
59%
Government reliance
Government grants — · Total revenue $562K
Earned-income share
Program service revenue $216K · Total revenue $562K
38%
Investment reliance
Investment income $12K · Total revenue $562K
+2%
Program self-sufficiency
Program service revenue $216K · Total expenses $327K
66%
Growth & trend
Revenue growth (YoY)
This year $562K · Prior year $9.1M
-94%
Revenue CAGR
FY2019 $8.0M · FY2024 $562K
-41%
Net-asset trend (YoY)
End of year $-15.1M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $562K · Expenses $327K
+42%
Liabilities-to-Assets
Total liabilities — · Total assets $22.5M
Net-asset ratio
Net assets $-15.1M · Total assets $22.5M
-67%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $22.5M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Renee Bellew · Reported title Dir. of Sales and Marketing · Highest reported compensation $197K · Total expenses $327K
60%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $101K · Total expenses $327K
31%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 78%
Overhead ratio 22%
Fundraising cost ratio 0%
Revenue growth -94%
Accounting fee ratio 6%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$9.1M revenue · ⤓ 990 PDF
FY2023$7.2M revenue · ⤓ 990 PDF
FY2022$6.7M revenue · ⤓ 990 PDF
FY2021$7.7M revenue · ⤓ 990 PDF
FY2020$8.0M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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