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Bell Tower INC FY2023 filing

Tax-deductible

Merrillville, IN501(c)(3)Mental HealthEIN 54-2194413

To provide low income housing.

501(c)(3) charity; gifts are tax-deductible.
89¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
Is it a real charity?
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
Are gifts tax-deductible?
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Is it filing on time?
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 years looks good.
IRS e-file · Filing history
Is it financially stable?
0 of 6
years in the black
Concern: 6 of the last 6 filings show a deficit.
Pt I · Ln 19 · 6 filings
How much reaches the programs?
89%
of spending
Looks good: 89% of spending went to programs; 75% or more looks good.
Pt IX · Ln 25 · col B
Do they have reserves?
2 mo
of spending, in cash
Worth a look: 2.3 months of spending in cash; under 3 is worth a look.
Pt X · Ln 1–2 · Pt I · Ln 18
Who is supporting them already?
1
named funder · $150K
Worth a look: 1 funder names it on their filings; under 3 is worth a look.
Funders’ Sch. I, 990-PF
Do they carry debt?
$229K
liabilities
Looks good: debts are 17% of assets; 50% or less looks good.
Pt X · Ln 26
Who oversees it?
12
independent of 12 voting board members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodWorth a lookConcernTap a box for the reason.
Revenue
$110K
-5% vs prior year
Spent
$189K
To programs
89%
Net assets
$1.1M
By yearFY2020–FY2025
Revenue
$110K
FY2023▼ -5%
Revenue by fiscal year
FY2020$97K
FY2021$102K
FY2022$115K
FY2023$110K
FY2024$137K
FY2025$145K
Expenses
$189K
FY2023▼ -9%
Expenses by fiscal year
FY2020$154K
FY2021$169K
FY2022$207K
FY2023$189K
FY2024$186K
FY2025$168K
Net assets
$1.1M
FY2023▼ -6%
Net assets by fiscal year
FY2020$1.4M
FY2021$1.3M
FY2022$1.2M
FY2023$1.1M
FY2024$1.1M
FY2025$1.1M

From the FY2023 Form 990 (year ending June 2023) · see the original

Form 990 (PDF) Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

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 FY2025 (typical filing lag)
Legal name (IRS)Hdr · item CBell Tower INC
EINHdr · item D54-2194413
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFMay 2006
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CMerrillville, IN
NTEE classificationIRS BMFMental Health (F33)

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 $0.89 Management & general $0.11
Program services89%$169K
Management & general11%$20K
Total functional expensesLn 25$189K

Financial health

Is it on solid ground?

Program efficiency
89%
of spending reaches programs
Operating runway
2.3mo
months of highly liquid reserves at operating expense rate
Surplus margin
-72%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Total assets
$1.4M
FY2023▼ -4%
Total assets by fiscal year
FY2020$1.5M
FY2021$1.5M
FY2022$1.4M
FY2023$1.4M
FY2024$1.3M
FY2025$1.3M
Total liabilities
$229K
FY2023▲ +13%
Total liabilities by fiscal year
FY2020$139K
FY2021$166K
FY2022$203K
FY2023$229K
FY2024$254K
FY2025$248K
Revenue less expensesPt I · Ln 19−$79K
Total assetsPt X · Ln 16$1.4M
Program-expense ratioPt IX · col B89%
Voting members of governing bodyPt I · Ln 312
Independent voting membersPt I · Ln 412

Balance Sheet

Part X · end of year
CashLn 1$36K
Total assetsLn 16$1.4M
Total liabilitiesLn 26$229K
Total net assetsLn 32$1.1M
Months of cash on handcomputed2.3

Statement of Revenue

Part VIII
Contributions & grants$65K · 59%
Program service revenue$45K · 41%
Contributions & grants59%$65K
Program service revenue41%$45K
Investment income$13
— government grantsLn 1e$65K
Total revenueLn 12$110K

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $36K · Operating expenses/yr $189K
2.3 months
Where the money goes
Program services
Program services $169K · Total expenses $189K
89%
Management & General
Management & general $20K · Total expenses $189K
11%
Fundraising
Fundraising $0 · Total expenses $189K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $65K · Total revenue $110K
59%
Government reliance
Government grants $65K · Total revenue $110K
59%
Earned-income share
Program service revenue $45K · Total revenue $110K
41%
Investment reliance
Investment income $13 · Total revenue $110K
+0.01%
Program self-sufficiency
Program service revenue $45K · Total expenses $189K
24%
Growth & trend
Revenue growth (YoY)
This year $110K · Prior year $115K
-5%
Net-asset trend (YoY)
End of year $1.1M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $110K · Expenses $189K
-72%
Liabilities-to-Assets
Total liabilities — · Total assets $1.4M
—
Net-asset ratio
Net assets $1.1M · Total assets $1.4M
83%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.4M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Daniel Klein · Reported title CHAIRMAN · Highest reported compensation $0 · Total expenses $189K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $189K
—
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 89%——
Overhead ratio 11%——
Fundraising cost ratio 0%——
Revenue growth -5%——
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.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Daniel Klein
Chairman
$0Pt VII · Sec A
Carol Drasga
Vice Chair
$0Pt VII · Sec A
Carla Houck
Secretary/Treasurer
$0Pt VII · Sec A
Terrence Quinn
Board Member
$0Pt VII · Sec A
Dr Amy Han
Board Member
$0Pt VII · Sec A
Linda Jonaitis
Board Member
$0Pt VII · Sec A
Gina Jones
Board Member
$0Pt VII · Sec A
Donald Levinson
Board Member
$0Pt VII · Sec A
See Bell Tower INC executive salaries →

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Governance & Policies

Part VI
  • 12Voting board membersPt VI · Ln 1a
  • 12Independent 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 15aNo
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Provides low-income housing for mentally ill adults.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

1 program service account for $169K of program spending, described in the organization's own filed words · FY2022.
01

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

$169Kprogram 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 · funders on record
Grants received · FY2021
Bierman Family Foundation INCFY2021$150K
Total grants receivedfrom 1 funder$150K

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2025 Latest $145K$168K+6% 990 PDF
FY2024 $137K$186K+25% 990 PDF
FY2023 Viewing $110K$189K-5% 990 PDF
FY2022 $115K$207K+14% 990 PDF
FY2021 $102K$169K+4% 990 PDF
FY2020 $97K$154K 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

Full filing: Form 990 for FY2023

Every line we hold from the return, cited to its Part and line.
Part IX · Statement of functional expenses $188,993 across 6 lines filed
IX-11a Management feesManagement $7,757$7,757
IX-11c Accounting feesManagement $10,869$10,869
IX-13 Office expensesPrograms $2,072 · Management $1,440$3,512
IX-16 OccupancyPrograms $103,717$103,717
IX-22 Depreciation, depletion and amortizationPrograms $49,966$49,966
IX-23 InsurancePrograms $13,172$13,172
IX-25 Total functional expensesPrograms $168,927 · Management $20,066 · Fundraising $0$188,993

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) · FY2023IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

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