Bethany Community Services INC FY2020 filing

Tax-deductible

Haverhill, MA501(c)(3)Since 1965HousingEIN 23-7013464Revenue $2.2M in FY2020

On file with the IRSbethanycommunities.org10 Phoenix Row, 01832-5520 · Haverhill, MATax-exempt since Apr 1969Publicly supported charity — 170(b)(1)(A)(vi)

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Provide Services to the elderly

501(c)(3) charity; gifts are tax-deductible.
56¢ of each $1 spent went to programs.
$226K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · 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
4 of 6
filings with a surplus
Average surplus $2.3M a year · 36% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
56%
of spending
Worth a look: 56% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$226K
to officers and key staff · 11% of spending
Looks good: pay to officers and key staff is 11% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 6.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $275K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.4M
38% of total assets
Looks good: liabilities are 38% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.2M
+14% vs prior year
Spent
$2.1M
To programs
56%
Net assets
$2.3M
By yearFY2018–FY2024
Revenue
$2.2M
FY2020▲ +14%
Tap a bar for its year
Revenue by fiscal year
FY2018$2.0M
FY2020$2.2M
FY2021$12.0M
FY2022$3.3M
FY2023$6.5M
FY2024$12.0M
Expenses
$2.1M
FY2020▲ +0.9%
Tap a bar for its year
Expenses by fiscal year
FY2018$2.0M
FY2020$2.1M
FY2021$2.4M
FY2022$2.4M
FY2023$7.1M
FY2024$8.3M
Net assets
$2.3M
FY2020▲ +23%
Tap a bar for its year
Net assets by fiscal year
FY2018$1.8M
FY2020$2.3M
FY2021$12.4M
FY2022$12.4M
FY2023$12.7M
FY2024$18.6M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 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 Apr 1969.

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

Where the money goes

56 cents of each dollar spent went to programs.

Program services 56% · $1.2M Management & general 40% · $833K Fundraising 4% · $82K

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

13 people listed on the 990; $226K paid to officers and key staff.

Part VII, Section A · reportable compensation
President and CEO
$225,620Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Jered Stewart’s $278K as President and CEO is at the 73rd percentile of top reported officer pay among 676 $10–100M 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 · 4 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020FY2018
Jered Stewart$278,156$270,228$250,853$238,463$225,620$195,174
James Lynch$133,479$125,376$121,888———
Luke Malbon$125,481$117,917$110,813———
Jeanette Martinez$108,036—————

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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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

Offers services to support the well-being of older adults.

Provided by the organization

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1 program · $1.2M · in their own filed words · FY2020
01

Provide meals, housekeeping, laundry, maintenance, social activities and other supportive and administrative duties for an elderly community of 400 households

$1.2Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$275K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$2.2M
Ln 12
Fees for servicesLn 2g$1.9M
Gifts and grantsLn 1h$234K
Investment incomeLn 3$30K
Money outPt IX
$2.1M
Ln 25
Programscol B$1.2M
Managementcol C$833K
Fundraisingcol D$82K
Owns and owesPt X
$2.3M
net assets · Ln 32
Cash and savingsLn 1–2$1.0M
Total assetsLn 16$3.7M
LiabilitiesLn 26$1.4M
PeoplePt VI, VII
13
listed · VII A
PaidVII A1
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$234K
Fundraising eventsLn 1c$0
Fees for servicesLn 2g$1.9M
Investment incomeLn 3$30K
Other incomeLn 4–11$27K
Gains on assetsLn 7−$102
Total revenueLn 12$2.2M
Assets in detailPt X, end of year
SavingsLn 2$1.0M
Cash and savings togetherLn 1–2$1.0M
InvestmentsLn 11–13$1.2M
Land, buildings, equipmentLn 10c$414K
Other assetsLn 15$746K
Total assetsLn 16$3.7M
LiabilitiesLn 26$1.4M
Net assetsLn 32$2.3M
OperationsPt I, VI
EmployeesI 5195
VolunteersI 65
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 FY20End FY20
Cash and savingsLn 1–2$846K$1.0M
InvestmentsLn 11–13$1.1M$1.2M
Land, buildings, equipmentLn 10c$458K$414K
Total assetsLn 16$3.0M$3.7M
LiabilitiesLn 26$939K$1.4M
Net assetsLn 32$2.0M$2.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$243K$34K$209K$0
Pay of disqualified personsLn 6$985K$587K$331K$67K
Pension plan contributionsLn 8$11K$0$11K$0
Other employee benefitsLn 9$182K$82K$100K$0
Payroll taxesLn 10$103K$65K$31K$7K
Legal feesLn 11b$377$0$377$0
Accounting feesLn 11c$20K$0$20K$0
Investment management feesLn 11f$7K$0$7K$0
Advertising and promotionLn 12$6K$0$6K$0
Office expensesLn 13$91K$16K$69K$5K
Information technologyLn 14$21K$0$21K$0
OccupancyLn 16$41K$41K$0$0
InterestLn 20$13K$7K$5K$595
Depreciation, depletion and amortizationLn 22$45K$25K$17K$2K
InsuranceLn 23$49K$45K$5K$0
Other expenses (24a–d)Ln 24$236K$236K$0$0
All other expensesLn 24e$15K$15K$0$0
Total functional expensesLn 25$2.1M$1.2M$833K$82K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $12.0M$8.3M$3.7M$18.6M 990 PDF
FY2023 $6.5M$7.1M−$551K$12.7M 990 PDF
FY2022 $3.3M$2.4M$887K$12.4M 990 PDF
FY2021 $12.0M$2.4M$9.6M$12.4M 990 PDF
FY2020 Viewing $2.2M$2.1M$152K$2.3M 990 PDF
FY2019 Not on file
FY2018 $2.0M$2.0M−$99K$1.8M 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 FY2020 990 (6 parts)
Part I · Summary $2,220,881 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $223,469$233,844
I-9 Program service revenuePrior year $1,775,564$1,930,065
I-10 Investment incomePrior year $53,721$30,460
I-11 Other revenuePrior year $20,451$26,512
I-12 Total revenuePrior year $2,073,205$2,220,881
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $1,428,546$1,524,227
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $593,721$544,580
I-18 Total expensesPrior year $2,022,267$2,068,807
I-19 Revenue less expensesPrior year $50,938$152,074
Part VI · Governance 12 of 12 board members independent, no flags
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
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 $2,220,881 across 9 lines filed
Lines not itemized here account for $226,438 of total revenue; see the IRS return.
VIII-1c Fundraising events$0
VIII-1f All other contributions, gifts and grants$233,844
VIII-1h Total contributions, gifts and grants$233,844
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$1,703,627
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $30,562$30,562
VIII-6 Net rental income or lossExcluded from tax $23,844$23,844
VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business $0 · Excluded from tax −$102−$102
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $2,668$2,668
VIII-12 Total revenueRelated to mission $1,930,065 · Unrelated business $0 · Excluded from tax $56,972$2,220,881
Part IX · Statement of functional expenses $2,068,807 across 17 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $34,062 · Management $209,240 · Fundraising $0$243,302
IX-6 Pay of disqualified personsPrograms $586,936 · Management $330,838 · Fundraising $67,178$984,952
IX-8 Pension plan contributionsPrograms $0 · Management $11,045 · Fundraising $0$11,045
IX-9 Other employee benefitsPrograms $82,291 · Management $99,966 · Fundraising $0$182,257
IX-10 Payroll taxesPrograms $64,728 · Management $31,236 · Fundraising $6,707$102,671
IX-11b Legal feesPrograms $0 · Management $377 · Fundraising $0$377
IX-11c Accounting feesPrograms $0 · Management $19,500 · Fundraising $0$19,500
IX-11f Investment management feesPrograms $0 · Management $6,565 · Fundraising $0$6,565
IX-12 Advertising and promotionPrograms $0 · Management $6,488 · Fundraising $0$6,488
IX-13 Office expensesPrograms $16,346 · Management $69,397 · Fundraising $5,430$91,173
IX-14 Information technologyPrograms $0 · Management $20,968 · Fundraising $0$20,968
IX-16 OccupancyPrograms $41,340 · Management $0 · Fundraising $0$41,340
IX-20 InterestPrograms $7,414 · Management $5,164 · Fundraising $595$13,173
IX-22 Depreciation, depletion and amortizationPrograms $25,069 · Management $17,463 · Fundraising $2,010$44,542
IX-23 InsurancePrograms $44,533 · Management $4,912 · Fundraising $0$49,445
IX-24 Other expenses (24a–d)Programs $236,279 · Management $0 · Fundraising $0$236,279
IX-24e All other expensesPrograms $14,730 · Management $0 · Fundraising $0$14,730
IX-25 Total functional expensesPrograms $1,153,728 · Management $833,159 · Fundraising $81,920$2,068,807
Part X · Balance sheet $3,674,362 assets, 16 lines filed
X-2 Savings and temporary cash investmentsStart of year $845,721$1,040,186
X-3 Pledges and grants receivableStart of year $7,500$0
X-4 Accounts receivableStart of year $108,567$201,234
X-9 Prepaid expenses and deferred chargesStart of year $82,472$31,427
X-10c Land, buildings and equipment, netStart of year $458,462$413,920
X-11 Publicly traded securitiesStart of year $1,080,453$1,187,050
X-12 Other securitiesStart of year $59,055$54,171
X-15 Other assetsStart of year $332,861$746,374
X-16 Total assetsStart of year $2,975,091$3,674,362
X-17 Accounts payable and accrued expensesStart of year $259,410$176,768
X-25 Other liabilitiesStart of year $120,154$98,588
X-26 Total liabilitiesStart of year $939,095$1,409,414
X-27 Net assets without donor restrictionsStart of year $1,887,043$2,068,043
X-28 Net assets with donor restrictionsStart of year $148,953$196,905
X-32 Total net assets or fund balancesStart of year $2,035,996$2,264,948
X-33 Total liabilities and net assetsStart of year $2,975,091$3,674,362
Part XI · Reconciliation of net assets $2,264,948 net assets at year end
XI-1 Total revenue$2,220,881
XI-2 Total expenses$2,068,807
XI-3 Revenue less expenses$152,074
XI-4 Net assets at start of year$2,035,996
XI-5 Net unrealized gains (losses) on investments$76,878
XI-10 Net assets at end of year$2,264,948

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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