Bethany Home Foundation INC

Providence, RI · Supporting organization · Human Services

✓ Tax-deductible
Revenue
$984K
+21% vs prior year
Spent
$936K
To programs
82%
Net assets
$290K
By yearFY2020–FY2024
Revenue
$984K
FY2024▲ +21%
Revenue by fiscal year
FY2020$535K
FY2021$554K
FY2022$985K
FY2023$812K
FY2024$984K
Expenses
$936K
FY2024▲ +21%
Expenses by fiscal year
FY2020$521K
FY2021$595K
FY2022$1.0M
FY2023$772K
FY2024$936K
Net assets
$290K
FY2024▲ +23%
Net assets by fiscal year
FY2020$249K
FY2021$217K
FY2022$193K
FY2023$236K
FY2024$290K

From the FY2024 Form 990 · see the original

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CBethany Home Foundation INC
EINHdr · item D22-2575208
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFOct 1985
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CProvidence, RI
NTEE classificationIRS BMFHuman Services (P75Z)

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.82 Management & general $0.18
Program services82%$769K
Management & general18%$167K
Total functional expensesLn 25$936K

Financial health

Is it on solid ground?

Net inflow
+5%
revenue over expenses, this year▲ +1% vs prior filing year
Pass-through gifts
0.5%
of revenue from contributions
Program spending
82%
of expenses reach stated programs▲ +7% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total assets
$388K
FY2024▲ +28%
Total assets by fiscal year
FY2020$344K
FY2021$308K
FY2022$273K
FY2023$302K
FY2024$388K
Total liabilities
$98K
FY2024▲ +48%
Total liabilities by fiscal year
FY2020$95K
FY2021$91K
FY2022$80K
FY2023$66K
FY2024$98K
Revenue less expensesPt I · Ln 19$48K
Total assetsPt X · Ln 16$388K
Program-expense ratioPt IX · col B82%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 48

Balance Sheet

Part X · end of year
CashLn 1$77K
Total assetsLn 16$388K
Total liabilitiesLn 26$98K
Total net assetsLn 32$290K
Months of cash on handcomputed1.0

Statement of Revenue

Part VIII
Program service revenue$966K · 98%
Contributions & grants$5K · 1%
Investment income$12K · 1%
Program service revenue98%$966K
Contributions & grants1%$5K
Investment income1%$12K
Other revenue$444
Total revenueLn 12$984K

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $358K · Operating expenses/yr $936K
4.6 months
Where the money goes
Program services
Program services $769K · Total expenses $936K
82%
Management & General
Management & general $167K · Total expenses $936K
18%
Fundraising
Fundraising $0 · Total expenses $936K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $2K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $5K · Total revenue $984K
0.5%
Government reliance
Government grants — · Total revenue $984K
—
Earned-income share
Program service revenue $966K · Total revenue $984K
98%
Investment reliance
Investment income $12K · Total revenue $984K
+1%
Program self-sufficiency
Program service revenue $966K · Total expenses $936K
103%
Growth & trend
Revenue growth (YoY)
This year $984K · Prior year $812K
+21%
Revenue CAGR
FY2020 $535K · FY2024 $984K
+16%
Net-asset trend (YoY)
End of year $290K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $984K · Expenses $936K
+5%
Liabilities-to-Assets
Total liabilities — · Total assets $388K
—
Net-asset ratio
Net assets $290K · Total assets $388K
75%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $281K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $388K
72%
People & payroll
Highest Reported Total Compensation
Individual Stephanie Igoe · Reported title ADMINISTRATOR · Highest reported compensation $16K · Total expenses $936K
2%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $238K · Total expenses $936K
25%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 82%——
Overhead ratio 18%——
Fundraising cost ratio 0%——
Revenue growth 21%——
Legal fee ratio 0.09%——
Accounting fee ratio 1.0%——

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.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Administrator
$15,753Pt VII · Sec A
Treasurer Until 9/1/24
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Stephanie Igoe’s $16K as Administrator is at the 8th percentile of top reported officer pay among 2167 $100K–1M human services 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 · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Stephanie Igoe$15,753$16,355$14,492$11,786—
Elizabeth Sarro———$3,929$14,633

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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Governance & Policies

Part VI
  • 8Voting board membersPt VI · Ln 1a
  • 8Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13Yes
  • Document retention policyPt VI · Ln 14Yes
  • Top official’s pay independently reviewedPt VI · Ln 15aYes
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Offers independent living programs for the elderly and supports Bethany Home of Rhode Island.

Provided by the organization

This section is blank until Bethany Home Foundation INC claims this page.

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Mission & Programs · Part III

Where the work happens

1 program service account for $769K of program spending, described in the organization's own filed words · FY2024.
01

Bethany home foundation manages a 30-UNIT condominium retirement community home to independent older adults in support of bethany home of ri, a 501(c)(3) nursing facility.

$769Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 5 grants · $1.3M · 2020–2024
Bethany Home of Rhode IslandRI · FY2024$432,988
Bethany Home of Rhode IslandRI · FY2023$293,814
Bethany Home of Rhode IslandRI · FY2022$486,690
Bethany Home of Rhode IslandRI · FY2021$69,463
Bethany Home of Rhode IslandRI · FY2020$46,715

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 Latest Viewing $984K$936K+21% 990 PDF
FY2023 $812K$772K-18% 990 PDF
FY2022 $985K$1.0M+78% 990 PDF
FY2021 $554K$595K+4% 990 PDF
FY2020 $535K$521K 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

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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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
Names, privacy, and removal requests More

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