Bethel Housing Community Development Inc
- Assets
- $3.5m
- Revenue
- $855.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Albany, GA
- Founding
- 09/1995
- Data as of
- 12/2021
- EIN
- 58-1187840
Organization Overview
Bethel Housing Community Development Inc is located in Albany, GA. The organization was established in 1995. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, 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. Bethel Housing Community Development 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, Bethel Housing Community Development Inc generated $855.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $1.0m during the year ending 12/2021. While expenses have increased by 4.3% 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
BETHEL HOUSING COMMUNITY DEVELOPMENT, INC IS A GEORGIA NOT-FOR-PROFIT CORPORATION THAT WASORGANIZED TO CONSTRUCT, OWN AND OPERATE A 98 UNIT APARTMENT COMMUNITY IN ALBANY, GEORGIA, KNOWN AS BETHEL HOUSING COMPLEX, PURSUANT TO SECTION 236 OF THE NATIONAL HOUSING ACT, AS AMENDED. THE CORPORATION HAS EXECUTED A REGULATORY AGREEMENT WITH HUD WHICH GOVERNS THE OPERATION OF THE PROJECT WITH THE FEDERAL HOUSING ADMINISTRATION SECTION OF HUD. THE CORPORATION HAS ALSO ENTERED INTO A HOUSING ASSISTANCE PAYMENT CONTRACT WITH HUD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BETHEL HOUSING COMMUNITY DEVELOPMENT, INC IS A GEORGIA NOT-FOR-PROFIT CORPORATION THAT WAS ORGANIZED TO CONSTRUCT, OWN AND OPERATE A 98 UNIT APARTMENT COMMUNITY IN ALBANY, GEORGIA, KNOWN AS BETHEL HOUSING COMPLEX, PURSUANT TO SECTION 236 OF THE NATIONAL HOUSING ACT, AS AMENDED. THE CORPORATION HAS EXECUTED A REGULATORY AGREEMENT WITH HUD WHICH GOVERNS THE OPERATION OF THE PROJECT WITH THE FEDERAL HOUSING ADMINISTRATION SECTION OF HUD. THE CORPORATION HAS ALSO ENTERED INTO A HOUSING ASSISTANCE PAYMENT CONTRACT WITH HUD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Reverend Dr Kevin T Moore President, Board Chairman | OfficerTrustee | 1.2 | $0 |
Robert Montgomery Jr Treasurer | OfficerTrustee | 1.2 | $0 |
Benny G Hand Vice Chairperson | OfficerTrustee | 1.2 | $0 |
Kenya Hamilton Secretary | OfficerTrustee | 1.2 | $0 |
Melvin Shelton 2nd Vice Chairperson | OfficerTrustee | 1.2 | $0 |
Arthur K Williams Board Member | Trustee | 1.2 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $855,726 |
| Investment income | $198 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $855,924 |
| 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 | $127,255 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $13,352 |
| Payroll taxes | $10,988 |
| Fees for services: Management | $60,927 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,348 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $9,331 |
| Information technology | $5,456 |
| Royalties | $0 |
| Occupancy | $169,298 |
| Travel | $21,600 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $659 |
| Interest | $94,949 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $186,071 |
| Insurance | $62,886 |
| All other expenses | $2,050 |
| Total functional expenses | $1,039,946 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $94,846 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $29,169 |
| 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 | $37,193 |
| Net Land, buildings, and equipment | $2,565,732 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $145,650 |
| Other assets | $599,539 |
| Total assets | $3,472,129 |
| Accounts payable and accrued expenses | $97,017 |
| Grants payable | $0 |
| Deferred revenue | $12,718 |
| 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 | $3,816,076 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $8,024 |
| Total liabilities | $3,933,835 |
| Net assets without donor restrictions | -$461,706 |
| Net assets with donor restrictions | $0 |
| 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 | $3,472,129 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sunrise Northeast Inc Miami, FL | $3,715,475 | $18,670,620 |
Affordable Housing Preservation Corporation St Augustine, FL | $540,750,555 | $2,294,342 |
Choanoke Area Development Assoc Rich Square, NC | $3,243,319 | $10,393,050 |
Preservation Housing Inc Mobile, AL | $45,095,355 | $8,020,455 |
Nonprofit Housing Preservations Sb Inc Riviera Beach, FL | $13,108,120 | $31,278,179 |
Association For Retarded Citizens Housing Development Services Inc Greensboro, NC | $38,855,283 | $9,434,004 |
Jewish Association For Residential Care Inc Boca Raton, FL | $7,062,896 | $8,370,046 |
Habitat For Humanity Of Greater Miami Inc Miami, FL | $44,913,698 | $17,755,764 |
Contemporary Housing Alternatives Of Florida Inc Clearwater, FL | $42,120,344 | $6,399,709 |
Twin Rivers Opportunities Inc New Bern, NC | $1,111,953 | $5,873,122 |
John Sparks Manor Inc Union City, GA | $0 | $5,675,234 |
Housing And Neighborhood Development Services Of Central Orlando, FL | $22,476,842 | $6,815,149 |