Bethany Home Of Rhode Island
- Assets
- $11.3m
- Revenue
- $5.9m
- Investments
- $0.0
- Employees
- 95
- Location
- Providence, RI
- Founding
- 11/1943
- Data as of
- 12/2021
- EIN
- 05-0258941
Organization Overview
Bethany Home Of Rhode Island is located in Providence, RI. The organization was established in 1943. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, under the broad grouping of Health Care and related organizations. As of 12/2021, Bethany Home Of Rhode Island employed 95 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bethany Home Of Rhode Island is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Bethany Home Of Rhode Island generated $5.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $5.2m during the year ending 12/2021. While expenses have increased by 2.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SUPERIOR SKILLED NURSING CARE IN A COMFORTABLE HOMELIKE ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LICENSED TO CARE FOR 33 RESIDENTS, BETHANY HOME PROVIDES TOP-NOTCH SKILLED NURSING SERVICES, WITHIN AN INTIMATE, HOME-LIKE SETTING. THE FACILITY IS MEDICARE AND MEDICAID CERTIFIED. DURING 2021 BETHANY HOME PROVIDED 9,987 BED DAYS. INCLUDED IN THIS TOTAL WERE 3,005 MEDICAID AND 3,831 MEDICARE BED DAYS PROVIDED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Irina Krichevskiy RN Mds/qi Coordinator | 56 | $141,775 | |
Michael Desveaux Director Of Nursing | 40 | $121,699 | |
Stephanie Igoe Administrator | OfficerTrustee | 36 | $110,706 |
Elizabeth Sarro Administrator (until 3/2021) | Officer | 36 | $86,291 |
Caroline Cornwell Co-Chairman (starting 10/2021) | OfficerTrustee | 0.5 | $0 |
W Parish Lentz Chairman Of Board (until 10/2021) | OfficerTrustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $69,463 |
| Government grants | $1,195,780 |
| All other contributions, gifts, grants, and similar amounts not included above | $180,373 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,445,616 |
| Total Program Service Revenue | $4,462,249 |
| Investment income | $1,601 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $7,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,916,497 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $212,474 |
| Compensation of current officers, directors, key employees. | $212,474 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,881,347 |
| Pension plan accruals and contributions | $82,784 |
| Other employee benefits | $367,488 |
| Payroll taxes | $237,637 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,070 |
| Fees for services: Accounting | $28,490 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $161,835 |
| Advertising and promotion | $19,384 |
| Office expenses | $21,497 |
| Information technology | $20,972 |
| Royalties | $0 |
| Occupancy | $177,558 |
| Travel | $3,051 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,625 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $233,742 |
| Insurance | $55,582 |
| All other expenses | $58,702 |
| Total functional expenses | $5,208,665 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,251,314 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $526,176 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $10,898 |
| Net Land, buildings, and equipment | $2,331,762 |
| Investments—publicly traded securities | $40,072 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,090,539 |
| Total assets | $11,250,761 |
| Accounts payable and accrued expenses | $338,485 |
| Grants payable | $0 |
| Deferred revenue | $220,124 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $740 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $559,349 |
| Net assets without donor restrictions | $4,633,142 |
| Net assets with donor restrictions | $6,058,270 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $11,250,761 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Bethany Home Of Rhode Island has recieved totaling $40,100.
| Awarding Organization | Amount |
|---|---|
United Way Of Rhode Island Inc Providence, RI PURPOSE: DONOR DESIGNATION | $40,000 |
The Chase Family Foundation Cumberland, RI PURPOSE: CHARITABLE | $100 |
Endowment Analysis
| Beg. Balance | $39,110 |
| Earnings | $1,105 |
| Other Expense | $143 |
| Ending Balance | $40,072 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jerome Home New Britain, CT | $48,789,319 | $20,665,795 |
Hartford Healthcare Senior Services Inc Southington, CT | $12,831,492 | $19,135,049 |
Sancta Maria Hospital Inc Cambridge, MA | $13,379,859 | $18,950,090 |
Marian Manor For The Aged & Infirm Inc South Boston, MA | $9,729,435 | $20,776,355 |
New Bedford Management Systems Inc Pittsfield, MA | $14,522,183 | $15,768,156 |
Mi Nursing-Restorative Center Inc Lawrence, MA | $44,764,900 | $23,001,578 |
Boston Home Inc Boston, MA | $76,008,241 | $16,184,411 |
Yale-New Haven Care Continuum Corporation New Haven, CT | $4,579,216 | $9,013,188 |
Chelsea Jewish Nursing Home Inc Chelsea, MA | $23,526,060 | $14,970,798 |
Bethany Health Care Center Inc Framingham, MA | $9,650,240 | $19,755,254 |
East Longmeadow Management Systems Inc Pittsfield, MA | $41,854,366 | $18,122,522 |
The Mary Wade Home Incorporated New Haven, CT | $56,097,732 | $15,584,704 |