Bethesda Project
- Assets
- $6.7m
- Revenue
- $6.6m
- Investments
- $0.0
- Employees
- 157
- Location
- Philadelphia, PA
- Founding
- 08/1982
- Data as of
- 06/2023
- EIN
- 23-2209338
Organization Overview
Bethesda Project is located in Philadelphia, PA. The organization was established in 1982. According to its NTEE Classification (L41) the organization is classified as: Homeless Shelters, under the broad grouping of Housing & Shelter and related organizations. As of 06/2023, Bethesda Project employed 157 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bethesda Project 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 06/2023, Bethesda Project generated $6.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $6.5m during the year ending 06/2023. While expenses have increased by 2.8% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING SHELTER AND SUPPORTIVE SERVICES
Describe the Organization's Program Activity:
Part 3 - Line 4a
BETHESDA PROJECT HOUSED 170 ADULTS IN 9 TRANSITIONAL AND PERMANENT RESIDENCES WHILE SHELTERING APPROXIMATELY 254 MORE ADULTS ON A NIGHTLY BASIS IN 4 DISTINCT FACILITIES. DURING THE WINTER MONTHS, BETHESDA PROJECT PROVIDED EMERGENCY DROP-IN SERVICES AND SHELTER TO AN ADDITIONAL 65 MEN, ON A NIGHTLY BASIS. BETHESDA PROJECT ALSO PROVIDED SUPPORTIVE SOCIAL SERVICES (MEDICATION MONITORING, HEALTH EDUCATION, CASE MANAGEMENT, TRANSPORTATION, ADL'S) TO THE MEN AND WOMEN IN OUR CARE. BETHESDA PROJECT RECEIVED $ 3,478,778 IN GOVERNMENT GRANTS TO PROVIDE THESE SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan M Glessner-Stickley Director | Trustee | 3 | $0 |
Bruce Lieberson Director | Trustee | 3 | $0 |
Amedeo Piccioni Director | Trustee | 3 | $0 |
David Strawbridge Director | Trustee | 3 | $0 |
David Swoyer Vice President | OfficerTrustee | 5 | $0 |
Ann Watts Director | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,652,325 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,543,131 |
| Noncash contributions included in lines 1a–1f | $12,520 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,195,456 |
| Total Program Service Revenue | $152,801 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $234,236 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,608,056 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,076,751 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $782,019 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $262,410 |
| Advertising and promotion | $9,119 |
| Office expenses | $23,224 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $43,000 |
| Travel | $10,053 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $134,026 |
| Insurance | $114,769 |
| All other expenses | $840,633 |
| Total functional expenses | $6,456,020 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,089,275 |
| Savings and temporary cash investments | $5,268 |
| Pledges and grants receivable | $2,419,374 |
| Accounts receivable, net | $0 |
| 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 | $77,872 |
| Net Land, buildings, and equipment | $778,879 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $800,000 |
| Intangible assets | $0 |
| Other assets | $1,514,629 |
| Total assets | $6,685,297 |
| Accounts payable and accrued expenses | $230,126 |
| Grants payable | $0 |
| Deferred revenue | $31,415 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $350,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $611,541 |
| Net assets without donor restrictions | $5,768,756 |
| Net assets with donor restrictions | $305,000 |
| 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 | $6,685,297 |