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Nonprofiteer
← BIENESTAR INC

Form 990 for tax year 2023

Filed by BIENESTAR INC.

Totals

Total revenue
$9,979,815
Total expenses
$7,879,267
Contributions and grants received
$3,511,969
Grants paid
$0
Program service revenue
$5,985,977
Investment income
$226,205
Other revenue
$255,664
Total assets, end of year
$45,883,559
Total liabilities, end of year
$13,275,335
Net assets or fund balances, end of year
$32,608,224
Program services expenses (Part IX)
$7,164,870
Management and general expenses
$637,342
Fundraising expenses
$77,055
Program service expenses (Part III)
$7,164,870

Program services were 90.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $59,767

  • 1e · Government grants (contributions)

    $2,983,691

  • 1f · All other contributions, gifts and grants

    $468,511

  • 2a · Program service revenue: RENTAL INCOME

    total $4,823,346 · related or exempt $4,823,346

  • 2b · Program service revenue: DEVELOPER FEE INCOME

    total $1,120,752 · related or exempt $1,120,752

  • 2c · Program service revenue: RESIDENT SERVICES INCO

    total $41,879 · related or exempt $41,879

  • 3 · Investment income

    total $226,205 · excluded $226,205

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $59,767

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 11a · Other revenue: OTHER MISC REVENUE

    total $165,755 · excluded $165,755

  • 11b · Other revenue: GAIN ON INVESTMENT

    total $89,909 · excluded $89,909

  • 11e · Other revenue, total

    $255,664

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $353,267 · program services $182,146 · management and general $162,253 · fundraising $8,868

  • 7 · Other salaries and wages

    total $1,943,584 · program services $1,655,614 · management and general $268,443 · fundraising $19,527

  • 9 · Other employee benefits

    total $225,795 · program services $225,795

  • 10 · Payroll taxes

    total $225,481 · program services $225,481

  • 11a · Fees: management

    total $379,741 · program services $379,741

  • 11b · Fees: legal

    total $237,100 · program services $218,080 · management and general $19,020

  • 11c · Fees: accounting

    total $22,566 · management and general $22,566

  • 11g · Fees: other

    total $27,531 · program services $27,531

  • 12 · Advertising and promotion

    total $13,612 · program services $13,612

  • 13 · Office expenses

    total $505,713 · program services $341,553 · management and general $115,500 · fundraising $48,660

  • 16 · Occupancy

    total $2,084,193 · program services $2,067,023 · management and general $17,170

  • 22 · Depreciation, depletion and amortization

    total $1,466,431 · program services $1,466,431

  • 23 · Insurance

    total $11,955 · program services $11,955

  • 24a · Other expenses: SPECIFIC ASSISTANCE TO

    total $263,578 · program services $263,578

  • 24b · Other expenses: ADMINSTRATIVE EXPENSES

    total $37,644 · program services $37,644

  • 24c · Other expenses: DEVELOPER FEE EXPENSE

    total $33,240 · program services $33,240

  • 24d · Other expenses: AMORTIZATION OF RIGHT O

    total $32,390 · management and general $32,390

  • 24e · All other expenses

    total $15,446 · program services $15,446

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,802,441 · end of year $2,001,700

  • 2 · Savings and temporary cash investments

    beginning of year $2,054,842 · end of year $4,592,177

  • 3 · Pledges and grants receivable

    beginning of year $292,722 · end of year $542,090

  • 4 · Accounts receivable

    beginning of year $200,079 · end of year $174,744

  • 7 · Other notes and loans receivable

    beginning of year $7,936,535 · end of year $8,333,725

  • 9 · Prepaid expenses and deferred charges

    beginning of year $56,614 · end of year $129,857

  • 10a · Land, buildings and equipment: cost or other basis

    $51,536,515

  • 10b · Land, buildings and equipment: accumulated depreciation

    $29,792,103

  • 10c · Land, buildings and equipment, net

    beginning of year $23,068,000 · end of year $21,744,412

  • 14 · Intangible assets

    beginning of year $69,234 · end of year $56,261

  • 15 · Other assets

    beginning of year $7,306,678 · end of year $8,308,593

  • 17 · Accounts payable and accrued expenses

    beginning of year $341,387 · end of year $290,982

  • 23 · Secured mortgages and notes payable

    beginning of year $11,264,777 · end of year $10,977,809

  • 25 · Other liabilities

    beginning of year $1,673,305 · end of year $2,006,544

  • 27 · Net assets without donor restrictions

    beginning of year $30,043,800 · end of year $31,308,173

  • 28 · Net assets with donor restrictions

    beginning of year $463,876 · end of year $1,300,051

Mission and programs · 2023

Mission

BIENESTAR BUILDS AND OPERATES AFFORDABLE HOUSING FOR THE BENEFIT OF LOW-INCOME FAMILIES EARNING JUST 60% OR LESS OF AREA MEDIAN INCOME. OUR PORTFOLIO CONSISTS OF OVER 750 UNITS OF HOUSING THROUGHOUT WASHINGTON AND COLUMBIA COUNTIES, PROVIDING HOMES TO MORE THAN 2,500 PEOPLE.

Activities or mission (Part I)

BIENESTAR BUILDS HOUSING, HOPE, AND COMMUNITY FOR THE WELLBEING OF LATINXS, IMMIGRANTS, AND ALL FAMILIES IN NEED.

  • BIENESTAR OWNS AND OPERATES AFFORDABLE MULTIFAMILY HOUSING FOR FAMILIES EARNING 60% OR LESS OF AREA MEDIAN INCOME. IN 2023 BIENESTAR COMPLETED LEASE-UP FOR ITS NEWEST AND LARGEST PROPERTY, 150-UNIT NUEVA ESPERANZA IN HILLSBORO. CONSTRUCTION ALSO CONTINUED ON PLAZA LOS AMIGOS, A 113-UNIT DEVELOPMENT IN CORNELIUS, DUE TO BE COMPLETED IN 2024.

    Expenses $5,798,906 · Revenue $4,409,463

  • BIENESTAR'S SUPPORTIVE HOUSING SERVICES TEAM WORKS DILIGENTLY ON PREVENTION, INTERVENTION, RESTORATION, AND STABILIZATION FOR OUR COMMUNITY MEMBERS WHO ARE HOUSELESS, AT-RISK OF BECOMING HOMELESS, OR FACING HOUSING INSTABILITY. USING A TRAUMA INFORMED LENS, WE PROVIDE ACCESS TO SUPPORTIVE WRAPAROUND SERVICES, HOUSING, EMPLOYMENT, AND EDUCATION SERVICES FOR UNDERSERVED AND MARGINALIZED POPULATIONS THROUGH A COMPREHENSIVE, COMMUNITY-BASED APPROACH. IN 2023, WE HELPED 271 HOUSEHOLDS ACCESS THE SERVICES THEY NEEDED TO HELP STABILIZE THEIR LIVING SITUATION.

    Expenses $736,401 · Revenue $975,301

  • BIENESTAR'S RESIDENT SERVICES TEAM HELPS MEET THE DIVERSE NEEDS OF THE FAMILIES LIVING IN OUR PROPERTIES. AT THE HEART OF THIS WORK IS OUR PROMOTORES PROGRAM, WHICH EMPOWERS RESIDENT LEADERS (CALLED PROMOTORES) TO SERVE AS LIAISONS BETWEEN THEIR NEIGHBORS AND BIENESTAR STAFF, HELPING TO IDENTIFY COMMUNITY NEEDS AND DELIVER PROGRAMS TO MEET THOSE NEEDS. ALONG WITH OUR 12 PROMOTORES, IN 2023 BIENESTAR LAUNCHED THE FIRST YOUTH PROMOTORES COHORT TO BUILD INTERGENERATIONAL BONDS AND PROVIDE YOUTH WITH LEADERSHIP DEVELOPMENT OPPORTUNITIES. WE ALSO PROVIDED ADVOCACY TRAINING TO SUPPORT OUR COMMUNITY'S ABILITY TO ADVOCATE TO PUBLIC LEADERS; WE ORGANIZED 2 SPANISH-LANGUAGE PUBLIC FORUMS DURING 2023 THAT ALLOWED 100+ RESIDENTS TO MAKE THEIR VOICES HEARD TO POLICYMAKERS. FINALLY, THE PROGRAM MET A WIDE ARRAY OF COMMUNITY NEEDS IN 2023, INCLUDING HELPING RESIDENTS ACCESS MORE THAN $60,000 IN RENT AND UTILITIES ASSISTANCE, DISTRIBUTING 100+ HOLIDAY FOOD BOXES, AND SERVING 500 YOUTH WITH SUMMER ENRICHMENT ACTIVITIES.

    Expenses $629,563 · Revenue $601,213

  • PROVIDE ASSET MANAGEMENT SERVICES TO ENSURE FISCAL AND PHYSICAL COMPLIANCE AND HIGH QUALITY OF LIFE FOR ITS RESIDENTS.

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Nathan Teske

    EXECUTIVE DIRECTOR

    Total calculated
    $133,750
    From this org
    $133,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Erica Calderon

    HOUSING DIRECTOR

    Total calculated
    $109,473
    From this org
    $109,473
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Sarah Moll

    DIRECTOR OF FINANCE

    Total calculated
    $54,061
    From this org
    $54,061
    From related orgs
    $0
    Other
    $0
    Hours/week
    32

  • Keith Hobson

    FORMER DIRECTOR OF FINANCE

    Total calculated
    $42,180
    From this org
    $42,180
    From related orgs
    $0
    Other
    $0
    Hours/week
    30

    Schedule J breakdown matched by us

    Base
    $42,180
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $42,180

  • Siew Y Wong

    FORMER DIRECTOR OF FINANCE

    Total calculated
    $13,803
    From this org
    $13,803
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $13,803
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $13,803

  • Victor Saldanha

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Alejandro Ortega

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Mary Navarette

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Collin Turner

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Olivia Alcaire

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • David Cintron

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Grant Corliss

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Cheryl A Hilbert

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Maria De La Luz Nino

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Cristian Salgado

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Maria Gomez

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • PROYECTO ADELANTES FAMILIAS LLC

    GENERAL PARTNER IN HOUSING LIMITED PARTNERSHIPS · OR

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • MONTEBELLO BIENESTAR APARTMENTS LTD PS

    OR · 0.01% owned · share of income -$32 · share of assets $724,568 · general or managing partner

  • NUEVA ESPERANZA LIMITED PARTNERSHIP

    OR · 0.01% owned · share of income -$317 · share of assets $6,892,760 · general or managing partner

  • PLAZA LOS AMIGOS LIMITED PARTNERSHIP

    OR · 0.01% owned · general or managing partner

Provenance

Return type
form_990
Tax year
2023
Filed
7 November 2024
IRS schema version
2023v5.1
Source object
202423179349300422

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