Bethel Methodist Home FY2023 filing

Tax-deductible

Croton Hdsn, NY501(c)(3)Since 1927Health CareEIN 13-1739921Revenue $19.5M in FY2023

On file with the IRSbethelwell.org67 Springvale Rd, 10520-1343 · Croton Hdsn, NYTax-exempt since Aug 1957Publicly supported — 509(a)(2)

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501(c)(3) charity; gifts are tax-deductible.
57¢ of each $1 spent went to programs.
$1.4M paid to officers and key staff.
Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · 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
57%
of spending
Worth a look: 57% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.4M
to officers and key staff · 7% of spending
Looks good: pay to officers and key staff is 7% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 1.6 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$69.3M
109% of total assets
Concern: liabilities are 109% 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
$19.5M
+7% vs prior year
Spent
$21.5M
To programs
57%
Net assets
−$5.5M
By yearFY2020–FY2024
Revenue
$19.5M
FY2023▲ +7%
Tap a bar for its year
Revenue by fiscal year
FY2020$17.6M
FY2021$16.8M
FY2022$18.3M
FY2023$19.5M
FY2024$19.9M
Expenses
$21.5M
FY2023▲ +10%
Tap a bar for its year
Expenses by fiscal year
FY2020$17.4M
FY2021$17.8M
FY2022$19.6M
FY2023$21.5M
FY2024$21.3M
Net assets
−$5.5M
FY2023▼ -60%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.9M
FY2021−$2.1M
FY2022−$3.4M
FY2023−$5.5M
FY2024−$3.9M

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

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

57 cents of each dollar spent went to programs.

Program services 57% · $12.3M Management & general 43% · $9.2M

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; $1.4M paid to officers and key staff.

Part VII, Section A · reportable compensation
$484,994Pt VII · Sec A
$442,721Pt VII · Sec A
Director of Physical Therapy
$167,457Pt VII · Sec A
Dir. Advancement/Corp. Marketi
$153,658Pt VII · Sec A
Finance Manager
$150,820Pt VII · Sec A
$0Pt VII · Sec A
Vice Chairman/Treasurer
$0Pt VII · Sec A
Secretary
$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 · $12.3M · in their own filed words · FY2023
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.

$11.3Mprogram 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.

$998Kprogram expense

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$19.5M
Ln 12
Fees for servicesLn 2g$17.4M
Other incomeLn 4–11$2.0M
Gifts and grantsLn 1h$72K
Money outPt IX
$21.5M
Ln 25
Programscol B$12.3M
Managementcol C$9.2M
Owns and owesPt X
−$5.5M
net assets · Ln 32
Cash and savingsLn 1–2$2.9M
Total assetsLn 16$63.8M
LiabilitiesLn 26$69.3M
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$72K
Government grantsLn 1e$67K
Fees for servicesLn 2g$17.4M
Investment incomeLn 3$69K
Other incomeLn 4–11$2.0M
Gains on assetsLn 7$5K
Total revenueLn 12$19.5M
Assets in detailPt X, end of year
CashLn 1$2.9M
SavingsLn 2$0
Cash and savings togetherLn 1–2$2.9M
InvestmentsLn 11–13$10K
Land, buildings, equipmentLn 10c$44.6M
Other assetsLn 15$14.0M
Total assetsLn 16$63.8M
LiabilitiesLn 26$69.3M
Net assetsLn 32−$5.5M
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 FY23End FY23
Cash and savingsLn 1–2$2.3M$2.9M
InvestmentsLn 11–13$0$10K
Land, buildings, equipmentLn 10c$45.6M$44.6M
Total assetsLn 16$65.5M$63.8M
LiabilitiesLn 26$68.9M$69.3M
Net assetsLn 32−$3.4M−$5.5M
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$1.5M$168K$1.3M
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$5.4M$3.1M$2.2M
Pension plan contributionsLn 8$114K$114K
Other employee benefitsLn 9$1.2M$800K$422K
Payroll taxesLn 10$475K$246K$229K
Management feesLn 11a$0
Legal feesLn 11b$110K$110K
Accounting feesLn 11c$213K$213K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$70K$70K
Office expensesLn 13$407K$289K$118K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$1.2M$1.2M$75K
TravelLn 17$88K$37K$51K
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$179K$78K$101K
Other expenses (24a–d)Ln 24$6.6M$4.2M$2.4M$0
All other expensesLn 24e$264K$187K$77K
Total functional expensesLn 25$21.5M$12.3M$9.2M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $19.9M$21.3M−$1.4M−$3.9M 990 PDF
FY2023 Viewing $19.5M$21.5M−$1.9M−$5.5M 990 PDF
FY2022 $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 FY2023 990 (6 parts)
Part I · Summary $19,535,973 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $4,801$72,072
I-9 Program service revenuePrior year $16,074,924$17,378,698
I-10 Investment incomePrior year $6,597$68,581
I-11 Other revenuePrior year $2,217,523$2,016,622
I-12 Total revenuePrior year $18,303,845$19,535,973
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $7,895,908$8,665,100
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $11,703,788$12,820,244
I-18 Total expensesPrior year $19,599,696$21,485,344
I-19 Revenue less expensesPrior year −$1,295,851−$1,949,371
Part VI · Governance 7 of 7 board members independent, no flags
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $19,535,973 across 10 lines filed
VIII-1e Government grants$67,463
VIII-1h Total contributions, gifts and grants$72,072
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $17,378,698$17,378,698
VIII-3 Investment incomeRelated to mission $63,308$63,308
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$5,273
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $2,016,622$2,016,622
VIII-12 Total revenueRelated to mission $19,458,628$19,535,973
Part IX · Statement of functional expenses $21,485,344 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 $167,848 · Management $1,333,521$1,501,369
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $3,130,418 · Management $2,222,215$5,352,633
IX-8 Pension plan contributionsManagement $113,868$113,868
IX-9 Other employee benefitsPrograms $800,073 · Management $422,362$1,222,435
IX-10 Payroll taxesPrograms $245,795 · Management $229,000$474,795
IX-11a Management fees$0
IX-11b Legal feesManagement $109,846$109,846
IX-11c Accounting feesManagement $213,325$213,325
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 $70,325$70,325
IX-13 Office expensesPrograms $289,089 · Management $117,572$406,661
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $1,157,277 · Management $74,857$1,232,134
IX-17 TravelPrograms $36,870 · Management $51,426$88,296
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 InterestManagement $1,624,121$1,624,121
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $2,042,222$2,042,222
IX-23 InsurancePrograms $78,483 · Management $100,812$179,295
IX-24 Other expenses (24a–d)Programs $4,155,100 · Management $2,434,940 · Fundraising $0$6,590,040
IX-24e All other expensesPrograms $187,315 · Management $76,664$263,979
IX-25 Total functional expensesPrograms $12,290,490 · Management $9,194,854 · Fundraising $0$21,485,344
Part X · Balance sheet $63,833,682 assets, 24 lines filed
X-1 Cash, non-interest-bearingStart of year $2,309,583$2,900,504
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 $726,402$623,202
X-8 Inventories for sale or useStart of year $19,033$28,588
X-9 Prepaid expenses and deferred chargesStart of year $570,345$775,495
X-10c Land, buildings and equipment, netStart of year $45,561,769$44,554,306
X-11 Publicly traded securitiesStart of year $0$10,000
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $1,103,896$963,587
X-15 Other assetsStart of year $15,173,323$13,978,000
X-16 Total assetsStart of year $65,464,351$63,833,682
X-17 Accounts payable and accrued expensesStart of year $3,921,070$3,465,365
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$80,902
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 $36,451,837$38,315,180
X-26 Total liabilitiesStart of year $68,867,907$69,286,447
X-27 Net assets without donor restrictionsStart of year −$3,484,458−$5,452,765
X-28 Net assets with donor restrictionsStart of year $80,902$0
X-32 Total net assets or fund balancesStart of year −$3,403,556−$5,452,765
X-33 Total liabilities and net assetsStart of year $65,464,351$63,833,682
Part XI · Reconciliation of net assets −$5,452,765 net assets at year end
XI-1 Total revenue$19,535,973
XI-2 Total expenses$21,485,344
XI-3 Revenue less expenses−$1,949,371
XI-4 Net assets at start of year−$3,403,556
XI-5 Net unrealized gains (losses) on investments$19,162
XI-8 Prior period adjustments$649,098
XI-9 Other changes in net assets−$768,098
XI-10 Net assets at end of year−$5,452,765

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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