Bethany-Development Outreach Housing Development Fund Corp
- Assets
- $2.7m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 04/2000
- Data as of
- 06/2024
- EIN
- 13-4070992
Organization Overview
Bethany-Development Outreach Housing Development Fund Corp is located in New York, NY. The organization was established in 2000. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bethany-Development Outreach Housing Development Fund Corp 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 06/2024, Bethany-Development Outreach Housing Development Fund Corp generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.9% each year . All expenses for the organization totaled $1.8m during the year ending 06/2024. While expenses have increased by 7.0% 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE HOUSING FOR THE ELDERLY HUD SECT 202
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven Robinson President | 5 | $0 | |
Mary Sweeting Vice Pres | 1 | $0 | |
Kiamesha Robinson Member | 1 | $0 | |
Edward Simmons Asst Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $322 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $183,022 |
| Total Revenue | $1,874,606 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $222,319 |
| Pension plans, employee benefits | $125,279 |
| Interest | $38 |
| Taxes | $190,620 |
| Depreciation | $248,501 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,043,503 |
| Total operating and administrative expenses | $1,848,105 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $1,848,105 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $333,032 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $6,135 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $70,156 |
| Net Investments - land, buildings, equipment | $1,895,456 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $383,944 |
| Total assets | $2,688,723 |
| Accounts payable and accrued expenses | $86,950 |
| Grants payable | $0 |
| Deferred revenue | $1,967 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $6,516,684 |
| Other liabilities | $369,529 |
| Total liabilities | $6,975,130 |