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Nonprofiteer
← BETHANY DEVELOPMENT CORPORATION

Form 990 for tax year 2023

Filed by BETHANY DEVELOPMENT CORPORATION.

Totals

Total revenue
$1,469,613
Total expenses
$1,391,494
Contributions and grants received
$720,993
Grants paid
$0
Program service revenue
$703,354
Investment income
$11,960
Other revenue
$33,306
Total assets, end of year
$3,309,048
Total liabilities, end of year
$955,521
Net assets or fund balances, end of year
$2,353,527
Program services expenses (Part IX)
$1,221,848
Management and general expenses
$169,646
Fundraising expenses
$0
Program service expenses (Part III)
$1,221,848

Program services were 87.8% 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)

    $720,993

  • 2a · Program service revenue: TENANT RENTAL INCOME

    total $703,354 · related or exempt $703,354

  • 3 · Investment income

    total $11,960 · excluded $11,960

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $17,901 · related or exempt $17,901

  • 11b · Other revenue: LAUNDRY AND VENDING

    total $11,684 · related or exempt $11,684

  • 11c · Other revenue: TENANT CHARGES

    total $3,721 · related or exempt $3,721

  • 11e · Other revenue, total

    $33,306

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $82,215 · management and general $82,215

  • 11b · Fees: legal

    total $750 · program services $750

  • 11g · Fees: other

    total $12,012 · management and general $12,012

  • 12 · Advertising and promotion

    total $710 · program services $710

  • 13 · Office expenses

    total $85,882 · program services $85,882

  • 16 · Occupancy

    total $217,528 · program services $217,528

  • 19 · Conferences, conventions and meetings

    total $2,521 · management and general $2,521

  • 20 · Interest

    total $29,690 · program services $29,690

  • 22 · Depreciation, depletion and amortization

    total $64,333 · program services $64,333

  • 23 · Insurance

    total $34,946 · program services $34,946

  • 24a · Other expenses: CONTRACT SERVICES

    total $684,664 · program services $684,664

  • 24b · Other expenses: REPAIRS AND MAINTENANCE

    total $84,349 · program services $84,349

  • 24c · Other expenses: MISCELLANEOUS EXPENSES

    total $73,689 · program services $791 · management and general $72,898

  • 24d · Other expenses: SERVICES EXPENSES

    total $14,827 · program services $14,827

  • 24e · All other expenses

    total $3,378 · program services $3,378

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $259,286 · end of year $176,778

  • 2 · Savings and temporary cash investments

    beginning of year $34,452 · end of year $0

  • 4 · Accounts receivable

    beginning of year $2,739 · end of year $6,631

  • 9 · Prepaid expenses and deferred charges

    beginning of year $6,969 · end of year $5,019

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

    $7,945,356

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

    $7,145,982

  • 10c · Land, buildings and equipment, net

    beginning of year $854,837 · end of year $799,374

  • 15 · Other assets

    beginning of year $2,216,426 · end of year $2,321,246

  • 17 · Accounts payable and accrued expenses

    beginning of year $221,341 · end of year $219,583

  • 19 · Deferred revenue

    beginning of year $2,553 · end of year $14,059

  • 23 · Secured mortgages and notes payable

    beginning of year $823,229 · end of year $667,247

  • 25 · Other liabilities

    beginning of year $52,178 · end of year $54,632

  • 27 · Net assets without donor restrictions

    beginning of year $2,275,408 · end of year $2,353,527

Mission and programs · 2023

Mission

HOUSING AND RELATED SERVICES FOR LOW-INCOME, DISABLED AND ELDERLY INDIVIDUALS.

Activities or mission (Part I)

HOUSING AND RELATED SUPPORT SERVICES FOR LOW-INCOME, DISABLED AND ELDERLY INDIVIDUALS.

  • BETHANY DEVELOPMENT IS A MULTI-UNIT RENTAL PROJECT OF HUD (149 UNITS) FOR THE PURPOSE OF PROVIDING HOUSING AND RELATED FACILITIES AND SERVICES TO LOW-INCOME, DISABLED AND ELDERLY INDIVIDUALS AND FAMILIES.

    Expenses $1,221,848 · Revenue $736,660

As filed on the 2023 return.

Listed in Part VII

  • Christopher D Zeigler

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Marie Dormeyer

    VICE-PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Carol Pennington

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Kathleen Bowers

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Richard Lamarca

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Dr Gene Baldwin

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Michael P Langan

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Kathleen A Salmon

    TRUSTEE

    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.

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.

  • ASBURY ATLANTIC INC

    501(C)(3) · HOUSING AND HEALTHCARE FOR OLDER ADULTS · MD

    Directly controlled by ASBURY COMMUNITIES INC

  • ASBURY FOUNDATION INC

    501(C)(3) · RAISING FUNDS FOR CHARITY · MD

    Directly controlled by ASBURY COMMUNITIES INC

  • AFFILIATED ASSOCIATES INC

    501(C)(3) · EMPLOYEE PAYMASTER COMPANY · MD

    Directly controlled by ASBURY COMMUNITIES INC

  • ASBURY COMMUNITIES HCBS INC

    501(C)(3) · HOME CARE FOR OLDER ADULTS · MD

    Directly controlled by ASBURY COMMUNITIES INC

  • ASBURY COMMUNITIES INC

    501(C)(3) · MANAGEMENT SERVICES · MD

    Directly controlled by ASBURY COMMUNITIES INC

  • ASBURY INC

    501(C)(3) · HOUSING AND HEALTHCARE FOR OLDER ADULTS · TN

    Directly controlled by ASBURY COMMUNITIES INC

  • ALBRIGHT CARE SERVICES

    501(C)(3) · HOUSING, HEALTHCARE, AND AT-HOME SERVICES FOR OLDER ADULTS · PA

    Directly controlled by ASBURY COMMUNITIES INC

  • WARRIOR RUN MANOR

    501(C)(3) · HOUSING FOR OLDER ADULTS · PA

    Directly controlled by ALBRIGHT CARE

  • FOREST RIDGE MANOR INC

    501(C)(3) · HOUSING FOR OLDER ADULTS · TN

    Directly controlled by ASBURY 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.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • THE ASBURY GROUP INC

    C · TECH & MGMT SERVICES · DE

    Directly controlled by ASBURY COMMUNITIES INC

  • THRIVEWELL TECH LLC

    C · INFO & CNSLT SERVICES · DE

    Directly controlled by ASBURY COMMUNITIES INC

Provenance

Return type
form_990
Tax year
2023
Filed
6 August 2024
IRS schema version
2023v5.1
Source object
202422359349300807

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