Bell Tower INC FY2021 filing

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EIN 54-2194413 Public charity (501(c)(3)) Merrillville, IN NTEE F33

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Revenue & expenses by yearFY2020–FY2025

Revenue

$102K

FY2021▲ +4%

Expenses

$169K

FY2021▲ +10%

Bell Tower INC Form 990 (PDF) Claim this org

Form 990 (PDF) Claim this org

Form 990 for the fiscal year ending June 2021 (IRS tax year 2020).

Provides low-income housing for mentally ill adults. For fiscal year 2021 it reported $102K in revenue, $169K in expenses, and $1.3M in net assets.Pt I

Type: Public charity (501(c)(3)) · Mental Health
Location: Merrillville, IN
Filings: 6 on file (2020–2021)

Revenue

$102KFY2021

Expenses

$169K

Net assets

$1.3M

People

You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

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Provided by the organization

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Size

$100K–1M

What they do

Provides low-income housing for mentally ill adults.

Leadership

Terrence Quinn · Chairperson

Money in and out

$102K revenue, $169K expenses

Bottom line

87% program efficiency

What Funders Ask

6 questions, answered from this org's own filings

Will my donation be tax-deductible?

GOOD

Yes — A charitable, religious, educational, scientific, or literary organization. Contributions are generally tax-deductible for donors.

IRS Business Master File records this organization as tax-exempt with deductible contributions. See detail →

Can I donate to this org right now?

GOOD

No revocation on IRS record

This EIN does not appear on the IRS auto-revocation list. See detail →

Is this organization up to date?

GOOD

Filed FY2024 (typical filing lag)

Most recent Form 990 on file is for fiscal year 2024 (2 years ago). See detail →

Is it receiving grants from reputable foundations?

GOOD

1 funder — Bierman Family Foundation INC

1 distinct foundation funder(s) on file, $150K received in the most recent year with grants. See detail →

How is the money spent?

GOOD

87% to programs

87% of total functional expenses went to program services in the most recent filing (Form 990 Part IX); the rest is overhead and fundraising. See detail →

What's its financial size and trend?

NEUTRAL

$100K–1M · ↑ +4% vs prior year

Revenue band $100K–1M, +4% versus the prior filing year (up). See detail →

Where the money goes · FY2021

Total revenue

$102K

Pt VIII · Ln 12

Total expenses

$169K

Pt IX · Ln 25

Net assets

$1.3M

Pt X · Ln 32

Revenue less expenses (Pt I · Ln 19): −$67K

Where spending went · Part IX cols B–D

87%

13%

Program services $0.87 Management & general $0.13

Program efficiency

87%

of spending reaches programs

Operating runway

3.3mo

months of highly liquid reserves at operating expense rate

Surplus margin

-66%

revenue over expenses, this year

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Summary of the Filing

Part I · fiscal year 2021 · Form 990

Total assets

$1.5M

FY2021▼ -3%

Total liabilities

$166K

FY2021▲ +19%

Revenue less expensesPt I · Ln 19−$67K

Total assetsPt X · Ln 16$1.5M

Program-expense ratioPt IX · col B87%

Voting members of governing bodyPt I · Ln 39

Independent voting membersPt I · Ln 49

Identity & Classification

Form 990 Header · IRS Business Master File

Legal name (IRS)Hdr · item CBell Tower INC

EINHdr · item D54-2194413

Principal addressHdr · item CMerrillville, IN

WebsiteHdr · item Jnone reported

Year of formationHdr · item Lpending

State of legal domicileHdr · item MIN

Exempt statusHdr · item I501(c)(3) · active

NTEE classificationIRS BMFMental Health (F33)

Ruling yearIRS BMFMay 2006

Governance & Policies

Part VI

Voting members of the governing bodyPt VI · Ln 1a9

Independent voting membersPt VI · Ln 1b9

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 · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII

Terrence Quinn

Chairperson

$0Pt VII · Sec A

Carol Drasga

Secretary/Treasurer

$0Pt VII · Sec A

Bailey Dean

Board Member-Began Term Feb'21

$0Pt VII · Sec A

Herbert Cruz JR

Board Member

$0Pt VII · Sec A

Lenard Fuller

Board Member

$0Pt VII · Sec A

Amy Han

Board Member

$0Pt VII · Sec A

Gina Jones

Board Member

$0Pt VII · Sec A

Daniel Klein

Board Member

$0Pt VII · Sec A

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Mission & Programs · Part III

Where the work happens

1 program service account for $146K of program spending, described in the organization's own filed words · FY2020.

Low income housing was provided for residents of group home for the mentally ill.

$146Kprogram expense

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Statement of Revenue

Part VIII

Contributions & grants$57K · 56%

Program service revenue$43K · 43%

Other revenue$1K · 1%

Contributions & grants56%$57K

Program service revenue43%$43K

Other revenue1%$1K

Investment income$3

— government grantsLn 1e$57K

Total revenueLn 12$102K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising

Allocation · columns B–D

87%

13%

Program services $0.87 Management & general $0.13

Program services87%$146K

Management & general13%$22K

Total functional expensesLn 25$169K

Balance Sheet

Part X · end of year

CashLn 1$47K

Total assetsLn 16$1.5M

Total liabilitiesLn 26$166K

Total net assetsLn 32$1.3M

Months of cash on handcomputed3.3

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it

Liquidity & Payout

Operating runway

Highly liquid reserves $47K · Operating expenses/yr $169K

3.3 months

Where the money goes

Program services

Program services $146K · Total expenses $169K

87%

Management & General

Management & general $22K · Total expenses $169K

13%

Fundraising

Fundraising $0 · Total expenses $169K

Cost to raise $1

Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $0

Solicited contributions below reporting floor

Where the money comes from

Contribution dependence

Contributions & grants $57K · Total revenue $102K

56%

Government reliance

Government grants $57K · Total revenue $102K

56%

Earned-income share

Program service revenue $43K · Total revenue $102K

43%

Investment reliance

Investment income $3 · Total revenue $102K

<0.01%

Program self-sufficiency

Program service revenue $43K · Total expenses $169K

26%

Growth & trend

Revenue growth (YoY)

This year $102K · Prior year $97K

+4%

Net-asset trend (YoY)

End of year $1.3M · Beginning of year —

Beginning net assets not meaningfully positive — showing dollar change

Balance sheet

Surplus Margin

Revenue $102K · Expenses $169K

-66%

Liabilities-to-Assets

Total liabilities — · Total assets $1.5M

—

Net-asset ratio

Net assets $1.3M · Total assets $1.5M

89%

Marketable Investment Share

Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.5M

Excludes program-related investments (Pt X, ln 13)

People & payroll

Highest Reported Total Compensation

Individual Terrence Quinn · Reported title CHAIRPERSON · Highest reported compensation $0 · Total expenses $169K

Personnel share

Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $169K

—

Peer comparison

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

Metric	This org	Peer median	Percentile
Program ratio	87%	—	—
Overhead ratio	13%	—	—
Fundraising cost ratio	0%	—	—
Revenue growth	4%	—	—
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.

Grants

Schedule I · funders on record

Grants received · FY2021

Bierman Family Foundation INCFY2021$150K

Total grants receivedfrom 1 funder$150K

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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

FY2025 (Latest)$145K revenue · ⤓ 990 PDF

FY2024$137K revenue · ⤓ 990 PDF

FY2023$110K revenue · ⤓ 990 PDF

FY2022$115K revenue · ⤓ 990 PDF

FY2021$102K revenue · viewing · ⤓ 990 PDF

FY2020$97K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings

Form 990 e-file (XML) · FY2021IRS

Classification, formation year, addressIRS Business Master File

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