Bhi Foundation Inc
- Assets
- $8.6m
- Revenue
- $696.6k
- Investments
- $749.4k
- Employees
- 1
- Location
- Indianapolis, IN
- Founding
- 08/2014
- Data as of
- 12/2021
- EIN
- 35-1680796
Organization Overview
Bhi Foundation Inc is located in Indianapolis, IN. The organization was established in 2014. According to its NTEE Classification (L12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bhi Foundation Inc 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, Bhi Foundation Inc generated $696.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $818.0k 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 SUPPORT BHI SENIOR LIVING, INC., A SECTION 501(C)3 ORGANIZATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENSES WERE INCURRED ON BEHALF OF AND FOR THE BENEFIT OF BHI SENIOR LIVING, INC., A SECTION 501(C)3 ORGANIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roger E Weideman II Director & Senior VP And CFO | OfficerTrustee | 2 | $0 |
William R Hurt Director & Chairperson | OfficerTrustee | 2 | $0 |
Jerry Meredith Director & Secretary/treasurer | OfficerTrustee | 2 | $0 |
Wendy L Meredith Director & Vice-Chairperson | OfficerTrustee | 2 | $0 |
John S Dattilo Director & President/ceo | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $210,244 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $210,244 |
| Total Program Service Revenue | $0 |
| Investment income | $246,851 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $239,488 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $696,583 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $365,600 |
| Grants and other assistance to domestic individuals. | $58,562 |
| 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 | $55,297 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $573 |
| Fees for services: Accounting | $2,030 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $17,247 |
| Fees for services: Other | $21,987 |
| Advertising and promotion | $2,036 |
| Office expenses | $294 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,439 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,324 |
| Interest | $0 |
| Payments to affiliates | $88,470 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $817,990 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $186,762 |
| Savings and temporary cash investments | $701,808 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $6,952,893 |
| Investments—other securities | $749,367 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $29,170 |
| Total assets | $8,620,000 |
| Accounts payable and accrued expenses | $56,890 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $203,686 |
| Total liabilities | $260,576 |
| Net assets without donor restrictions | $7,011,039 |
| Net assets with donor restrictions | $1,348,385 |
| 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 | $8,620,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Bhi Foundation Inc has recieved totaling $11,370.
| Awarding Organization | Amount |
|---|---|
Lilly Endowment Inc Indianapolis, IN PURPOSE: EMPLOYEE MATCHING GIFT(S) | $6,800 |
Lilly Endowment Inc Indianapolis, IN PURPOSE: EMPLOYEE MATCHING GIFT(S) | $4,500 |
Lilly Endowment Inc Indianapolis, IN PURPOSE: EMPLOYEE MATCHING GIFT(S) | $70 |
Endowment Analysis
| Beg. Balance | $861,183 |
| Earnings | $210,643 |
| Other Expense | $41,400 |
| Ending Balance | $1,030,426 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Indianapolis Neighborhood Housing Partnership Inc Indianapolis, IN | $66,108,731 | $12,013,592 |
Community Initatives Inc Chicago, IL | $14,770,458 | $3,114,149 |
Lss Foundation Inc West Allis, WI | $32,868,828 | $1,061,850 |
Edward And Hannah M Rutledge Charities Inc Chippewa Falls, WI | $0 | $2,022,116 |
Wheda Foundation Inc Madison, WI | $1,008,183 | $1,000,000 |
Bhi Foundation Inc Indianapolis, IN | $8,620,000 | $696,583 |
Housing Action Coalition Of Waukesha County Inc Waukesha, WI | $1,671,468 | $1,634,041 |
Kingswood Senior Living Community Foundation Kansas City, MO | $1,424,825 | $366,812 |
Cjca Development Inc Jefferson City, MO | $3,790,914 | $1,255,461 |
Oneil Family Foundation Elmhurst, IL | $38,370 | $0 |
Gamechangers 65-66 Foundation Lincolnshire, IL | $16,205 | $0 |
Doorways Of Hope Lexington, KY | $157,528 | $0 |