Bethany Place INC FY2022 filing

Not tax-deductible

Bethany, OK501(c)(4)EIN 73-0952619Revenue $3.0M in FY2022

On file with the IRSbethanynaz.org6789 Nw 39th Expressway · Bethany, OKTax-exempt since Nov 1977

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Low income housing

96¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

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FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(4)
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
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2026
latest Form 990
Looks good: the latest return is for FY2026, this tax year; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 6
filings with a surplus
Average deficit $82K a year · 14% of revenue · last 6 filings
Concern: a surplus in 1 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
107 mo
of spending, in cash
Looks good: 106.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$50
<0.01% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 8 voting members
Looks good: 7 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.0M
+817% vs prior year
Spent
$346K
To programs
96%
Net assets
$3.1M
By yearFY2021–FY2026
Revenue
$3.0M
FY2022▲ +817%
Tap a bar for its year
Revenue by fiscal year
FY2021$327K
FY2022$3.0M
FY2023$70K
FY2024$102K
FY2025$20K
FY2026$3K
Expenses
$346K
FY2022▼ -12%
Tap a bar for its year
Expenses by fiscal year
FY2021$393K
FY2022$346K
FY2023$1.1M
FY2024$1.2M
FY2025$623K
FY2026$369K
Net assets
$3.1M
FY2022▲ +619%
Tap a bar for its year
Net assets by fiscal year
FY2021$428K
FY2022$3.1M
FY2023$2.1M
FY2024$969K
FY2025$366K
FY2026$0

From the FY2022 Form 990 (year ending June 2022) · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2026) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2026. IRS ruling in Nov 1977.

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

Where the money goes

96 cents of each dollar spent went to programs.

Program services 96% · $331K Management & general 4% · $15K

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

8 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Member
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
See Bethany Place INC 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 15aNo

Programs and updates

Bethany Place INC is a membership association based in Bethany, OK.

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Provided by the organization

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1 program · $331K · in their own filed words · FY2021
01

Low income housing on a LEASE/RENTAL basis. Property was formerly under the regulations of the U.S. Department of housing and urban developement (hud), but now after the passing of hud time restrictions, is operated for the benefit of low income tenants on an independent basis. Property was sold in april of 2022.

$331Kprogram expense

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 · 15 grants · $3.2M · 2022–2025
Bethany Community FoundationOK · FY2025$29,167
Bethany WilliamsOK · FY2024$70,000
Bethany Community FoundationOK · FY2024$20,000
Reaching Our City IncorporatedOK · FY2022$300,000
Bethany Community FoundationOK · FY2022$150,000
The 34 Project INCFY2022$100,000
Tulakes Clinic INCOK · FY2022$100,000
Jubilee Partners AssociationOK · FY2022$40,000
Branch 15 INCOK · FY2022$5,168

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$3.0M
Ln 12
Investment incomeLn 3$2.6M
Fees for servicesLn 2g$369K
Other incomeLn 4–11$3K
Money outPt IX
$346K
Ln 25
Programscol B$331K
Managementcol C$15K
Owns and owesPt X
$3.1M
net assets · Ln 32
Cash and savingsLn 1–2$3.1M
Total assetsLn 16$3.1M
LiabilitiesLn 26$50
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$369K
Investment incomeLn 3$2.6M
Other incomeLn 4–11$3K
Total revenueLn 12$3.0M
Assets in detailPt X, end of year
CashLn 1$3.1M
SavingsLn 2$21K
Cash and savings togetherLn 1–2$3.1M
Total assetsLn 16$3.1M
LiabilitiesLn 26$50
Net assetsLn 32$3.1M
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$99K$3.1M
Total assetsLn 16$536K$3.1M
LiabilitiesLn 26$108K$50
Net assetsLn 32$428K$3.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$19K$19K$300
Payroll taxesLn 10$2K$2K$82
Management feesLn 11a$46K$31K$15K
Legal feesLn 11b$4K$4K
Accounting feesLn 11c$450$450
Office expensesLn 13$3K$3K
InterestLn 20$2K$2K
Depreciation, depletion and amortizationLn 22$40K$40K
InsuranceLn 23$28K$28K$81
Other expenses (24a–d)Ln 24$196K$196K
All other expensesLn 24e$6K$6K
Total functional expensesLn 25$346K$331K$15K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2026 Latest $3K$369K−$366K$0 990 PDF
FY2025 $20K$623K−$603K$366K 990 PDF
FY2024 $102K$1.2M−$1.1M$969K 990 PDF
FY2023 $70K$1.1M−$1.0M$2.1M 990 PDF
FY2022 Viewing $3.0M$346K$2.6M$3.1M 990 PDF
FY2021 $327K$393K−$66K$428K 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 FY2022 990 (6 parts)
Part I · Summary $2,995,897 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $323,014$369,224
I-10 Investment incomePrior year $41$2,623,589
I-11 Other revenuePrior year $3,696$3,084
I-12 Total revenuePrior year $326,751$2,995,897
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $21,309$20,777
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $371,390$325,244
I-18 Total expensesPrior year $392,699$346,021
I-19 Revenue less expensesPrior year −$65,948$2,649,876
Part VI · Governance 7 of 8 board members independent, 4 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members7
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $2,995,897 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $369,224$369,224
VIII-3 Investment incomeRelated to mission $2,617,394 · Excluded from tax $6,195$2,623,589
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $3,084$3,084
VIII-12 Total revenueRelated to mission $2,989,702 · Excluded from tax $6,195$2,995,897
Part IX · Statement of functional expenses $346,021 across 11 lines filed
IX-7 Other salaries and wagesPrograms $18,844 · Management $300$19,144
IX-10 Payroll taxesPrograms $1,551 · Management $82$1,633
IX-11a Management feesPrograms $30,937 · Management $15,000$45,937
IX-11b Legal feesPrograms $3,504$3,504
IX-11c Accounting feesPrograms $450$450
IX-13 Office expensesPrograms $3,009$3,009
IX-20 InterestPrograms $1,594$1,594
IX-22 Depreciation, depletion and amortizationPrograms $40,137$40,137
IX-23 InsurancePrograms $27,771 · Management $81$27,852
IX-24 Other expenses (24a–d)Programs $196,366$196,366
IX-24e All other expensesPrograms $6,395$6,395
IX-25 Total functional expensesPrograms $330,558 · Management $15,463 · Fundraising $0$346,021
Part X · Balance sheet $3,078,255 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $78,542$3,057,693
X-2 Savings and temporary cash investmentsStart of year $20,531$20,562
X-16 Total assetsStart of year $535,919$3,078,255
X-17 Accounts payable and accrued expensesStart of year $14,224$50
X-26 Total liabilitiesStart of year $107,590$50
X-27 Net assets without donor restrictionsStart of year $428,329$3,078,205
X-32 Total net assets or fund balancesStart of year $428,329$3,078,205
X-33 Total liabilities and net assetsStart of year $535,919$3,078,255
Part XI · Reconciliation of net assets $3,078,205 net assets at year end
XI-1 Total revenue$2,995,897
XI-2 Total expenses$346,021
XI-3 Revenue less expenses$2,649,876
XI-4 Net assets at start of year$428,329
XI-10 Net assets at end of year$3,078,205

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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