Bethel Methodist Home FY2022 filing

Tax-deductible

Croton Hdsn, NY501(c)(3)Since 1927Health CareEIN 13-1739921

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501(c)(3) charity; gifts are tax-deductible.
60¢ of each $1 spent went to programs.
$1.8M paid to officers and key staff.
Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $1.1M a year · 6% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
60%
of spending
Worth a look: 60% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.8M
to officers and key staff · 9% of spending
Looks good: pay to officers and key staff is 9% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
1 mo
of spending, in cash
Fine: 1.4 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$68.9M
105% of total assets
Concern: liabilities are 105% of assets; over 80%.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$18.3M
+9% vs prior year
Spent
$19.6M
To programs
60%
Net assets
−$3.4M
By yearFY2020–FY2024
Revenue
$18.3M
FY2022▲ +9%
Revenue by fiscal year
FY2020$17.6M
FY2021$16.8M
FY2022$18.3M
FY2023$19.5M
FY2024$19.9M
Expenses
$19.6M
FY2022▲ +10%
Expenses by fiscal year
FY2020$17.4M
FY2021$17.8M
FY2022$19.6M
FY2023$21.5M
FY2024$21.3M
Net assets
−$3.4M
FY2022▼ -65%
Net assets by fiscal year
FY2020$1.9M
FY2021−$2.1M
FY2022−$3.4M
FY2023−$5.5M
FY2024−$3.9M

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 1957.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

60 cents of each dollar spent went to programs.

Program services 60% · $11.8M Management & general 40% · $7.8M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

12 people listed on the 990; $1.8M paid to officers and key staff.

Part VII, Section A · reportable compensation
$695,230Pt VII · Sec A
$574,398Pt VII · Sec A
Assessment Coordinator
$198,101Pt VII · Sec A
Administrator
$171,592Pt VII · Sec A
Director of Physical Therapy
$157,903Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Anastasios Markopoulos’s $585K as VP/CFO is at the 81st percentile of top reported officer pay among 2901 $10–100M health care 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 · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Beth Goldstein—$484,994$695,230$395,064$410,259
Anastasios Markopoulos$585,485$442,721$574,398$313,665$348,963
Farah Varquez$207,013—$198,101$175,452—
Nicole Tangredi$190,500$150,820——$151,151
Michaels Dobbins——$171,592$140,842—
Richard Danzker$170,508$153,658——$138,196
Edward Grano$169,738$167,457$157,903——
Vivian Pasternak———$143,750$136,538

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.

See Bethel Methodist Home executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Bethel Methodist Home is a health care nonprofit based in Croton Hdsn, NY, formed in 1927.

Provided by the organization

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2 programs · $11.8M · in their own filed words · FY2022
01

In 2016, the entity began operating a continuing care retirement community known as the knolls. The CCRC consists of 120 independent residential apartments, 10 enriched housing apartments, 20 skilled nursing beds, common areas and related infrastructure and facilities.

$10.7Mprogram expense
02

Beginning in 2001, bethel methodist home became the corporate entity and began providing management services to all not-for-profit subsidiaries of BMH, inc.

$1.2Mprogram expense

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$18.3M
Ln 12
Fees for servicesLn 2g$16.1M
Other incomeLn 4–11$2.2M
Investment incomeLn 3$7K
Money outPt IX
$19.6M
Ln 25
Programscol B$11.8M
Managementcol C$7.8M
Owns and owesPt X
−$3.4M
net assets · Ln 32
Cash and savingsLn 1–2$2.3M
Total assetsLn 16$65.5M
LiabilitiesLn 26$68.9M
PeoplePt VI, VII
12
listed · VII A
PaidVII A5
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$5K
Fees for servicesLn 2g$16.1M
Investment incomeLn 3$7K
Other incomeLn 4–11$2.2M
Gains on assetsLn 7$0
Total revenueLn 12$18.3M
Assets in detailPt X, end of year
CashLn 1$2.3M
SavingsLn 2$0
Cash and savings togetherLn 1–2$2.3M
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$45.6M
Other assetsLn 15$15.2M
Total assetsLn 16$65.5M
LiabilitiesLn 26$68.9M
Net assetsLn 32−$3.4M
OperationsPt I, VI
EmployeesI 5117
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$4.1M$2.3M
InvestmentsLn 11–13$0$0
Land, buildings, equipmentLn 10c$46.5M$45.6M
Total assetsLn 16$66.6M$65.5M
LiabilitiesLn 26$68.6M$68.9M
Net assetsLn 32−$2.1M−$3.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$1.8M$356K$1.4M
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$4.4M$3.0M$1.5M
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$1.2M$827K$394K
Payroll taxesLn 10$428K$243K$185K
Management feesLn 11a$0
Legal feesLn 11b$94K$94K
Accounting feesLn 11c$205K$205K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$64K$64K
Office expensesLn 13$304K$213K$91K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$1.0M$945K$60K
TravelLn 17$82K$47K$35K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$1.6M$1.6M
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$2.0M$2.0M
InsuranceLn 23$186K$69K$116K
Other expenses (24a–d)Ln 24$5.9M$4.0M$1.9M$0
All other expensesLn 24e$238K$171K$67K
Total functional expensesLn 25$19.6M$11.8M$7.8M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $19.9M$21.3M−$1.4M−$3.9M 990 PDF
FY2023 $19.5M$21.5M−$1.9M−$5.5M 990 PDF
FY2022 Viewing $18.3M$19.6M−$1.3M−$3.4M 990 PDF
FY2021 $16.8M$17.8M−$996K−$2.1M 990 PDF
FY2020 $17.6M$17.4M$212K$1.9M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (4 parts)
Part VIII · Statement of revenue $18,303,845 across 9 lines filed
VIII-1h Total contributions, gifts and grants$4,801
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $16,074,924$16,074,924
VIII-3 Investment incomeRelated to mission $6,597$6,597
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $2,217,523$2,217,523
VIII-12 Total revenueRelated to mission $18,299,044$18,303,845
Part IX · Statement of functional expenses $19,599,696 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $356,004 · Management $1,441,220$1,797,224
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $2,985,426 · Management $1,463,896$4,449,322
IX-8 Pension plan contributions$0
IX-9 Other employee benefitsPrograms $827,394 · Management $393,652$1,221,046
IX-10 Payroll taxesPrograms $243,105 · Management $185,211$428,316
IX-11a Management fees$0
IX-11b Legal feesManagement $93,779$93,779
IX-11c Accounting feesManagement $205,380$205,380
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotionManagement $63,609$63,609
IX-13 Office expensesPrograms $213,293 · Management $91,011$304,304
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $944,676 · Management $60,255$1,004,931
IX-17 TravelPrograms $47,164 · Management $35,223$82,387
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 InterestManagement $1,644,532$1,644,532
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $2,019,167$2,019,167
IX-23 InsurancePrograms $69,494 · Management $116,343$185,837
IX-24 Other expenses (24a–d)Programs $3,969,521 · Management $1,892,190 · Fundraising $0$5,861,711
IX-24e All other expensesPrograms $170,954 · Management $67,197$238,151
IX-25 Total functional expensesPrograms $11,846,198 · Management $7,753,498 · Fundraising $0$19,599,696
Part X · Balance sheet $65,464,351 assets, 24 lines filed
X-1 Cash, non-interest-bearingStart of year $4,057,533$2,309,583
X-2 Savings and temporary cash investmentsStart of year $0$0
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $614,035$726,402
X-8 Inventories for sale or useStart of year $22,306$19,033
X-9 Prepaid expenses and deferred chargesStart of year $150,138$570,345
X-10c Land, buildings and equipment, netStart of year $46,457,543$45,561,769
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $1,244,206$1,103,896
X-15 Other assetsStart of year $14,022,878$15,173,323
X-16 Total assetsStart of year $66,568,639$65,464,351
X-17 Accounts payable and accrued expensesStart of year $2,618,958$3,921,070
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $18,095,000$18,095,000
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $36,476,715$36,451,837
X-26 Total liabilitiesStart of year $68,633,075$68,867,907
X-27 Net assets without donor restrictionsStart of year −$2,145,338−$3,484,458
X-28 Net assets with donor restrictionsStart of year $80,902$80,902
X-32 Total net assets or fund balancesStart of year −$2,064,436−$3,403,556
X-33 Total liabilities and net assetsStart of year $66,568,639$65,464,351
Part XI · Reconciliation of net assets −$3,403,556 net assets at year end
XI-1 Total revenue$18,303,845
XI-2 Total expenses$19,599,696
XI-3 Revenue less expenses−$1,295,851
XI-4 Net assets at start of year−$2,064,436
XI-5 Net unrealized gains (losses) on investments−$43,269
XI-10 Net assets at end of year−$3,403,556

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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