Bethany Housing Corp
Bethany Housing Corp: Stable Operations, Limited Growth, and Transparency Gaps
EIN: 222573806 · Tolland, CT · Updated: 2026-04-04
Is Bethany Housing Corp Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bethany Housing Corp directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Bethany Housing Corp
Bethany Housing Corp (EIN: 222573806) is a nonprofit organization based in Tolland, CT. The organization reported total revenue of $380K and total assets of $730K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bethany Housing Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bethany Housing Corp is a small nonprofit that has been operating for 41 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $347K |
| Total Expenses | $335K |
| Surplus / Deficit | +$12K |
| Total Assets | $694K |
| Total Liabilities | $1.8M |
| Net Assets | $-1,141,821 |
| Operating Margin | 3.5% |
| Debt-to-Asset Ratio | 264.5% |
| Months of Reserves | 24.8 months |
Financial Health Grade: A
In 2023, Bethany Housing Corp reported a surplus of $12K with revenue exceeding expenses, holds 24.8 months of operating reserves (strong position), has a debt-to-asset ratio of 264.5% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Bethany Housing Corp's revenue has grown at a compound annual growth rate (CAGR) of 1.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +8.6% | -6.3% | +4.4% |
| 2022 | +0.8% | +8.9% | -1.4% |
| 2021 | +7.1% | -27.3% | +1.3% |
| 2020 | -1.6% | +12.1% | -15.2% |
| 2019 | +0.7% | +2.5% | -9.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1985 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Bethany Housing Corp with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Bethany Housing Corp allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $12K, with revenue exceeding expenses.
- Debt-to-asset ratio: 264.5%.
Executive Compensation Analysis
Executive compensation cannot be assessed as no specific compensation figures for key personnel are provided in the available data.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Bethany Housing Corp's IRS 990 filings:
- Consistent operating deficits (expenses exceeding revenue) in multiple years, e.g., 2022 ($37,881 deficit) and 2020 ($155,904 deficit), raise concerns about long-term financial sustainability.
- Lack of detailed expense breakdown makes it difficult to precisely evaluate program efficiency and administrative overhead.
- Declining asset base from $1,026,667 in 2016 to $694,086 in 2023 without clear explanation.
Strengths
The following positive indicators were identified for Bethany Housing Corp:
- Maintains a stable revenue stream, consistently around $300,000 annually.
- Positive net assets, indicating financial solvency despite operating deficits.
- Consistent mission focus on housing, as implied by the name and stable operations over many years.
Frequently Asked Questions about Bethany Housing Corp
Is Bethany Housing Corp a legitimate charity?
Based on AI analysis of IRS 990 filings, Bethany Housing Corp (EIN: 222573806) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Bethany Housing Corp spend its money?
Bethany Housing Corp directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Bethany Housing Corp tax-deductible?
Bethany Housing Corp is registered as a tax-exempt nonprofit (EIN: 222573806). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does Bethany Housing Corp do?
Bethany Housing Corp is a nonprofit organization in the Unknown sector, located in Tolland, Connecticut. It is classified under NTEE code Unknown.
How much revenue does Bethany Housing Corp have?
Bethany Housing Corp reported total revenue of $379,863. Based on 13 IRS 990 filings on record.
What are Bethany Housing Corp's total assets?
Bethany Housing Corp holds total assets of $729,759 as reported in IRS 990 filings.
Where is Bethany Housing Corp located?
Bethany Housing Corp is based in Tolland, Connecticut.
What is Bethany Housing Corp's EIN?
Bethany Housing Corp's Employer Identification Number (EIN) is 222573806. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Bethany Housing Corp?
Bethany Housing Corp is classified under NTEE code Unknown (Unknown).
Is Bethany Housing Corp a registered 501(c)(3)?
Bethany Housing Corp appears in IRS records (EIN: 222573806). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Bethany Housing Corp file IRS Form 990?
Yes, Bethany Housing Corp has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Bethany Housing Corp's revenue in 2023?
In the 202312 filing period, Bethany Housing Corp reported total revenue of $347,451, total expenses of $335,369, and net assets of $694,086.
Is Bethany Housing Corp's revenue growing or declining?
Bethany Housing Corp's revenue is growing. Revenue went from $319,965 (202212) to $347,451 (202312), a +8.6% change. Based on 13 filings on record.
What is Bethany Housing Corp's most recent 990 filing?
The most recent IRS Form 990 filing for Bethany Housing Corp covers tax period 202312. It shows revenue of $347,451, expenses of $335,369, total assets of $694,086, and liabilities of $1,835,907.
How much does Bethany Housing Corp spend on programs vs administration?
Based on IRS 990 analysis, Bethany Housing Corp allocates approximately 75% of expenses to program services, 15% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Bethany Housing Corp a trustworthy charity?
Based on AI analysis of IRS 990 data, Bethany Housing Corp shows mixed signals. Mission Score: 65/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for Bethany Housing Corp?
The following concerns were identified: Consistent operating deficits (expenses exceeding revenue) in multiple years, e.g., 2022 ($37,881 deficit) and 2020 ($155,904 deficit), raise concerns about long-term financial sustainability.. Lack of detailed expense breakdown makes it difficult to precisely evaluate program efficiency and administrative overhead.. Declining asset base from $1,026,667 in 2016 to $694,086 in 2023 without clear explanation.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Bethany Housing Corp's strengths?
Positive indicators for Bethany Housing Corp include: Maintains a stable revenue stream, consistently around $300,000 annually.. Positive net assets, indicating financial solvency despite operating deficits.. Consistent mission focus on housing, as implied by the name and stable operations over many years.. These findings are derived from AI analysis of the organization's financial filings.
How does Bethany Housing Corp compensate executives?
Executive compensation cannot be assessed as no specific compensation figures for key personnel are provided in the available data. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent operating deficits and declining assets, what is Bethany Housing Corp's strategy to achieve long-term financial sustainability and growth?
The provided data does not detail specific strategies for addressing the recurring operating deficits or the decline in assets. Without additional information on funding diversification, cost-cutting measures, or asset management plans, it's difficult to ascertain their approach to long-term financial health.
How does Bethany Housing Corp measure and report the impact of its housing programs, beyond basic financial metrics?
The available data focuses solely on financial figures (revenue, expenses, assets). There is no information provided on program-specific outcomes, number of individuals served, housing stability rates, or other qualitative/quantitative impact metrics, making it challenging to assess program effectiveness.
Filing History
IRS 990 filing history for Bethany Housing Corp showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Bethany Housing Corp's revenue has grown by 19.6%, moving from $291K to $347K. Total assets decreased by 40.6% over the same period, from $1.2M to $694K. Total functional expenses rose by 2%, from $329K to $335K. In its most recent filing year (2023), Bethany Housing Corp reported a surplus of $12K, with revenue exceeding expenses. The organization holds $1.8M in liabilities against $694K in assets (debt-to-asset ratio: 264.5%), resulting in net assets of $-1,141,821.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $347K | $335K | $694K | $1.8M | — | — |
| 2022 | $320K | $358K | $665K | $1.8M | — | View 990 |
| 2021 | $317K | $329K | $674K | $1.8M | — | View 990 |
| 2020 | $296K | $452K | $666K | $1.8M | — | View 990 |
| 2019 | $301K | $404K | $785K | $1.7M | — | View 990 |
| 2018 | $299K | $394K | $864K | $1.7M | — | View 990 |
| 2017 | $294K | $402K | $956K | $1.7M | — | — |
| 2016 | $299K | $370K | $1.0M | $1.7M | — | View 990 |
| 2015 | $290K | $361K | $1.1M | $1.6M | — | View 990 |
| 2014 | $293K | $335K | $1.1M | $1.6M | — | View 990 |
| 2013 | $294K | $336K | $1.1M | $1.6M | — | View 990 |
| 2012 | $289K | $339K | $1.1M | $1.6M | — | View 990 |
| 2011 | $291K | $329K | $1.2M | $1.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $347K, expenses of $335K, and assets of $694K (revenue +8.6% year-over-year).
- 2022: Revenue of $320K, expenses of $358K, and assets of $665K (revenue +0.8% year-over-year).
- 2021: Revenue of $317K, expenses of $329K, and assets of $674K (revenue +7.1% year-over-year).
- 2020: Revenue of $296K, expenses of $452K, and assets of $666K (revenue -1.6% year-over-year).
- 2019: Revenue of $301K, expenses of $404K, and assets of $785K (revenue +0.7% year-over-year).
- 2018: Revenue of $299K, expenses of $394K, and assets of $864K (revenue +1.6% year-over-year).
- 2017: Revenue of $294K, expenses of $402K, and assets of $956K (revenue -1.4% year-over-year).
- 2016: Revenue of $299K, expenses of $370K, and assets of $1.0M (revenue +3.1% year-over-year).
- 2015: Revenue of $290K, expenses of $361K, and assets of $1.1M (revenue -1.2% year-over-year).
- 2014: Revenue of $293K, expenses of $335K, and assets of $1.1M (revenue -0.4% year-over-year).
- 2013: Revenue of $294K, expenses of $336K, and assets of $1.1M (revenue +1.7% year-over-year).
- 2012: Revenue of $289K, expenses of $339K, and assets of $1.1M (revenue -0.5% year-over-year).
- 2011: Revenue of $291K, expenses of $329K, and assets of $1.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bethany Housing Corp:
Data Sources and Methodology
This transparency report for Bethany Housing Corp is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.