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Nonprofiteer
← BETHEL NEW LIFE INC

Form 990 for tax year 2024

Filed by BETHEL NEW LIFE INC.

Totals

Total revenue
$1,688,453
Total expenses
$1,446,645
Contributions and grants received
$644,682
Grants paid
$0
Program service revenue
$1,034,486
Investment income
$9,285
Other revenue
$0
Total assets, end of year
$1,113,119
Total liabilities, end of year
$293,903
Net assets or fund balances, end of year
$819,216
Program services expenses (Part IX)
$892,298
Management and general expenses
$515,488
Fundraising expenses
$38,859
Program service expenses (Part III)
$892,298

Program services were 61.7% 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.

  • 1e · Government grants (contributions)

    $290,017

  • 1f · All other contributions, gifts and grants

    $354,665

  • 2a · Program service revenue: RENTAL INCOME

    total $501,725 · related or exempt $501,725

  • 2b · Program service revenue: SERVICE REVENUE

    total $365,692 · related or exempt $365,692

  • 2c · Program service revenue: CONSULTING AND MANAGEM

    total $165,000 · related or exempt $165,000

  • 2d · Program service revenue: MISCELLANEOUS INCOME

    total $2,069 · related or exempt $2,069

  • 3 · Investment income

    total $9,285 · related or exempt $9,285

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $114,545 · program services $47,850 · management and general $66,695

  • 7 · Other salaries and wages

    total $476,287 · program services $183,458 · management and general $255,711 · fundraising $37,118

  • 9 · Other employee benefits

    total $35,150 · program services $14,684 · management and general $20,466

  • 10 · Payroll taxes

    total $29,363 · program services $11,538 · management and general $16,084 · fundraising $1,741

  • 11c · Fees: accounting

    total $14,525 · program services $11,620 · management and general $2,905

  • 11g · Fees: other

    total $120,516 · program services $96,413 · management and general $24,103

  • 12 · Advertising and promotion

    total $40,500 · program services $32,400 · management and general $8,100

  • 17 · Travel

    total $1,151 · program services $921 · management and general $230

  • 20 · Interest

    total $6,829 · program services $5,463 · management and general $1,366

  • 22 · Depreciation, depletion and amortization

    total $26,951 · program services $21,561 · management and general $5,390

  • 24a · Other expenses: MAINTENANCE & REPAIRS

    total $222,613 · program services $179,818 · management and general $42,795

  • 24b · Other expenses: UTILITIES

    total $200,681 · program services $160,545 · management and general $40,136

  • 24c · Other expenses: PROGRAM SUPPLIES

    total $157,534 · program services $126,027 · management and general $31,507

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $104,640 · end of year $409,751

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $99,382

  • 4 · Accounts receivable

    beginning of year $109,365 · end of year $17,871

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $378,515

  • 9 · Prepaid expenses and deferred charges

    beginning of year $63,518 · end of year $8,580

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

    $377,206

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

    $178,186

  • 10c · Land, buildings and equipment, net

    beginning of year $1,306,840 · end of year $199,020

  • 17 · Accounts payable and accrued expenses

    beginning of year $542,866 · end of year $194,962

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $98,941

  • 27 · Net assets without donor restrictions

    beginning of year $925,411 · end of year $230,076

  • 28 · Net assets with donor restrictions

    beginning of year $116,086 · end of year $589,140

Mission and programs · 2024

Mission

BETHEL NEW LIFE EMPOWERS INDIVIDUALS, STRENGTHENS FAMILIES, AND REBUILDS WEST SIDE NEIGHBOURHOODS THROUGH COMMUNITY DRIVEN, SOLUTION-ORIENTED, AND VALUE CENTERED APPROACHES.

  • THE SENIOR HOUSING SERVICES PROGRAM:INDEPENDENT LIVING - BETHEL'S THREE HUD SUPPORTS AFFORDABLE SENIOR INDEPENDENT LIVING DEVELOPMENTS (188 UNITS) AND PROVIDE LIVING SOLUTIONS FOR ELDERS THAT ARE LOOKING FOR A HEALTHY AND SAFE ENVIRONMENT.

    Expenses $892,298 · Revenue $1,043,771

As filed on the 2024 return.

Listed in Part VII

  • Sharif Walker

    EXECUTIVE DIRECTOR

    Total calculated
    $114,545
    From this org
    $114,545
    From related orgs
    $0
    Other
    $0
    Hours/week
    40 + 4 related

  • Andy Curtis

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • Vauna Hernandez

    BOARD VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • Claribel Rodriquez

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • Deborah Curtis

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • Frank Bass

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • Gloria Green

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • Joseph Chase

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • Jeremy Eldenson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • Michael Zahtz

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • Mahomed Ouedraogo

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 4 related

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.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • BETH-ANNE EXTENDED LIVING

    501(C)(3) · HOUSING · IL · controlled entity

    Directly controlled by BETHEL NEW LIFE INC

  • BETHEL PACE CENTRE

    501(C)(3) · HOUSING · IL · controlled entity

    Directly controlled by BETHEL NEW LIFE INC

  • BETH-ANNE RESIDENCES

    501(C)(3) · HOUSING · IL · controlled entity

    Directly controlled by BETHEL NEW LIFE INC

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.

  • BETHEL NMTC MANAGER LLC

    COMMUNITY DEVELOPMENT INVESTMENTS · IL

    Directly controlled by BETHEL NEW LIFE INC

Provenance

Return type
form_990
Tax year
2024
Filed
9 April 2026
IRS schema version
2024v5.5
Source object
202600999349300505

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