Civic Intelligence

Bethlehem Homes Inc.

990 • Fiscal year 2016 • EIN 06-0960677

Jan 01, 2016 to Dec 31, 2016 • Filed on May 02, 2017

11 Jackson LaneBethlehem, CT 06751-2020

(203) 266-5353

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

78th percentile

0.33x

Higher debt load relative to assets than 78% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

89th percentile

0.88x

Higher debt load relative to revenue than 89% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Net Margin

25th percentile

-7.1%

Higher net margin than 25% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Asset Growth

23rd percentile

-5.7%

Faster asset growth than 23% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

40th percentile

-1.1%

Faster revenue growth than 40% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Assets

Down

$967,123

Down $58,236 (-5.7%) from 2015

Net Assets

Down

$649,694

Down $25,532 (-3.8%) from 2015

Liabilities

Down

$317,429

Down $32,704 (-9.3%) from 2015

Revenue

Down

$359,013

Down $3,974 (-1.1%) from 2015

Expenses

Down

$384,545

Down $7,711 (-2.0%) from 2015

Net Income

Up

-$25,532

Up $3,737 (+13%) from 2015

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0Assets 2010: $985,844Liabilities 2010: $482,358Net Assets 2010: $503,4862010Assets 2011: $1,275,832Liabilities 2011: $469,667Net Assets 2011: $806,1652011Assets 2012: $1,182,456Liabilities 2012: $439,762Net Assets 2012: $742,6942012Assets 2013: $1,136,147Liabilities 2013: $410,134Net Assets 2013: $726,0132013Assets 2014: $1,103,175Liabilities 2014: $398,680Net Assets 2014: $704,4952014Assets 2015: $1,025,359Liabilities 2015: $350,133Net Assets 2015: $675,2262015Assets 2016: $967,123Liabilities 2016: $317,429Net Assets 2016: $649,6942016Assets 2017: $884,440Liabilities 2017: $294,418Net Assets 2017: $590,0222017Assets 2018: $822,786Liabilities 2018: $242,062Net Assets 2018: $580,7242018Assets 2019: $761,497Liabilities 2019: $197,530Net Assets 2019: $563,9672019Assets 2020: $705,032Liabilities 2020: $152,440Net Assets 2020: $552,5922020Assets 2021: $628,620Liabilities 2021: $107,492Net Assets 2021: $521,1282021Assets 2022: $548,406Liabilities 2022: $99,150Net Assets 2022: $449,2562022Assets 2023: $522,699Liabilities 2023: $101,672Net Assets 2023: $421,0272023Assets 2024: $582,783Liabilities 2024: $67,733Net Assets 2024: $515,0502024

Highlighted filing

2016

Assets$967,123
Liabilities$317,429
Net Assets$649,694

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KExpenses 2010: $335,1672010Expenses 2011: $413,2052011Expenses 2012: $411,7682012Revenue 2013: $375,409Expenses 2013: $392,090Net Income 2013: -$16,6812013Revenue 2014: $378,580Expenses 2014: $400,098Net Income 2014: -$21,5182014Revenue 2015: $362,987Expenses 2015: $392,256Net Income 2015: -$29,2692015Revenue 2016: $359,013Expenses 2016: $384,545Net Income 2016: -$25,5322016Revenue 2017: $359,275Expenses 2017: $418,947Net Income 2017: -$59,6722017Revenue 2018: $372,121Expenses 2018: $381,419Net Income 2018: -$9,2982018Revenue 2019: $387,877Expenses 2019: $404,634Net Income 2019: -$16,7572019Revenue 2020: $384,177Expenses 2020: $395,552Net Income 2020: -$11,3752020Revenue 2021: $394,703Expenses 2021: $426,167Net Income 2021: -$31,4642021Revenue 2022: $400,815Expenses 2022: $476,997Net Income 2022: -$76,1822022Revenue 2023: $429,371Expenses 2023: $457,600Net Income 2023: -$28,2292023Revenue 2024: $454,622Expenses 2024: $432,182Net Income 2024: $22,4402024

Highlighted filing

2016

Revenue$359,013
Expenses$384,545
Net Income-$25,532
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
May 2, 2017
Return Version
2016v3.0
Gross Receipts
$359,013
Mission and Program Overview

Mission

To provide low income, subsidized elderly housing.

Low income elderly housing

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$804,497$733,531▼ $70,966
Savings and Temporary Cash Investments$125,980$140,291▲ $14,311
Cash and Non-Interest-Bearing Accounts$82,214$83,152▲ $938
Pledges and Grants Receivable$9,038$6,547▼ $2,491
Prepaid Expenses and Deferred Charges$3,551$3,602▲ $51
Accounts Receivable$79--
Total Assets$1,025,359$967,123▼ $58,236
Liabilities
Mortgage Notes Payable Secured by Investment Property$327,039$293,056▼ $33,983
Accounts Payable and Accrued Expenses$12,055$12,598▲ $543
Other Liabilities$11,039$11,775▲ $736
Total Liabilities$350,133$317,429▼ $32,704
Net Assets / Fund Balance
Unrestricted Net Assets$675,226$649,694▼ $25,532
Total Net Assets Fund Balance$675,226$649,694▼ $25,532
Total Liabilities and Net Assets / Fund Balance$1,025,359$967,123▼ $58,236

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$701,995$1,161,689$1,863,684
Other Land Buildings$4,411$60,649$65,060
Land$27,125-$27,125
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$32,468
Program Service Revenue
$326,161
Investment Income
$384
Other Revenue
$0
Change in Net Assets
$-25,532

Audited Revenue Reconciliation

Revenue per Audited Statements
$359,013
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$359,013
Total Revenue per Form 990
$359,013
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$326,655
Salaries, Compensation, and Employee Benefits$57,890
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$80,216--$80,216
Other Salaries and Wages$49,843--$49,843
Interest$26,434--$26,434
Insurance$25,462--$25,462
Other Expenses$19,417--$19,417
Fees for Services Management$17,766--$17,766
Office Expenses$5,693--$5,693
Payroll Taxes$4,749--$4,749
Fees for Services Accounting$2,742--$2,742
Pension Plan Contributions$1,942--$1,942
Other Employee Benefits$1,356--$1,356
Advertising$294--$294
Conferences and Meetings$67--$67
Total Functional Expenses$384,545$0$0$384,545

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$384,545
Total Expenses per Audited Statements$384,545
Total Expenses per Form 990$384,545
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Security Deposits$8,189
Reserve for Betterments$3,586
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

The organization has contracted with elderly housing management to provide property management services for the apartment building. All employees are employees of elderly housing management. Salaries on the 990 represent reimbursements to ehm for employees who work on-site at the organization's apartment facility. Ehm provides all management, accounting, and maintenance services related to the property.

Form 990, Part VI, Section B, Line 11B

A draft copy of the 990 was provided to the board at the same time the audit draft was submitted. The board was requested to review the 990 and provide input on the completion of the final form.

Form 990, Part VI, Section B, Line 12C

This is required by hud and is reviewed by hud

Form 990, Part VI, Section C, Line 19

Available upon written request.

Filing and Contact Details

Filer

Filer Name
Bethlehem Homes Inc
EIN
06-0960677
Phone
2032665353
Address
11 JACKSON LANE, BETHLEHEM, CT 06751-2020

Signing Officer

Name
James Curran
Title
Treasurer
Phone
2032665353
Signed
2017-05-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James Curran
Formed
1974
Legal Domicile
Ct
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
0

Preparer

Firm
Kircaldie Randall & Mcnab LLC
Address
605 WASHINGTON AVENUE, NORTH HAVEN, CT 06473-1187
Preparer
Brian S Borgerson CPA
Phone
2032394478
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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0218
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0165
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0223
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0429
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt01419
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0326161
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0324074
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0315233
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0315338
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0287865
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01568671
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0384
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0218
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0165
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0223
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0429
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt01419
IRS990ScheduleA/InvestmentIncomeCYPct00.00080
IRS990ScheduleA/InvestmentIncomePYPct00.00090
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99920
IRS990ScheduleA/PublicSupportPY509Pct00.99910
IRS990ScheduleA/PublicSupportTotal509Amt01824521
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0358629
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0362769
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0378415
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0375186
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0349522
IRS990ScheduleA/Total509Grp/TotalAmt01824521
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0359013
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0362987
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0378580
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0375409
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0349951
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01825940
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt0701995
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01161689
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01863684
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0384545
IRS990ScheduleD/LandGrp/BookValueAmt027125
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt027125
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt04411
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt060649
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt065060
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt08189
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt13586
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1RESERVE FOR BETTERMENTS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0359013
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0733531
IRS990ScheduleD/TotalExpensesPerForm990Amt0384545
IRS990ScheduleD/TotalLiabilityAmt011775
IRS990ScheduleD/TotalRevenuePerForm990Amt0359013
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0359013
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0384545
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS CONTRACTED WITH ELDERLY HOUSING MANAGEMENT TO PROVIDE PROPERTY MANAGEMENT SERVICES FOR THE APARTMENT BUILDING. ALL EMPLOYEES ARE EMPLOYEES OF ELDERLY HOUSING MANAGEMENT. SALARIES ON THE 990 REPRESENT REIMBURSEMENTS TO EHM FOR EMPLOYEES WHO WORK ON-SITE AT THE ORGANIZATION'S APARTMENT FACILITY. EHM PROVIDES ALL MANAGEMENT, ACCOUNTING, AND MAINTENANCE SERVICES RELATED TO THE PROPERTY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A DRAFT COPY OF THE 990 WAS PROVIDED TO THE BOARD AT THE SAME TIME THE AUDIT DRAFT WAS SUBMITTED. THE BOARD WAS REQUESTED TO REVIEW THE 990 AND PROVIDE INPUT ON THE COMPLETION OF THE FINAL FORM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THIS IS REQUIRED BY HUD AND IS REVIEWED BY HUD
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AVAILABLE UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01025359
IRS990/TotalAssetsEOYAmt0967123
IRS990/TotalAssetsGrp/BOYAmt01025359
IRS990/TotalAssetsGrp/EOYAmt0967123
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt032468
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0384545
IRS990/TotalFunctionalExpensesGrp/TotalAmt0384545
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0350133
IRS990/TotalLiabilitiesEOYAmt0317429
IRS990/TotalLiabilitiesGrp/BOYAmt0350133
IRS990/TotalLiabilitiesGrp/EOYAmt0317429
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0675226
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0649694
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0384545
IRS990/TotalProgramServiceRevenueAmt0326161
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0384
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0326161
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0359013
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01025359
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0967123
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0675226
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0649694
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt011 JACKSON LANE
IRS990/USAddress/CityNm0BETHLEHEM
IRS990/USAddress/StateAbbreviationCd0CT
IRS990/USAddress/ZIPCd0067512020
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.58$0.07$0.52$0.45$0.43$0.02
2023Detailed filing. Detailed filing data is available for this year.$0.52$0.10$0.42$0.43$0.46$0.03
2022Detailed filing. Detailed filing data is available for this year.$0.55$0.10$0.45$0.40$0.48$0.08
2021Detailed filing. Detailed filing data is available for this year.$0.63$0.11$0.52$0.39$0.43$0.03
2020Detailed filing. Detailed filing data is available for this year.$0.71$0.15$0.55$0.38$0.40$0.01
2019Detailed filing. Detailed filing data is available for this year.$0.76$0.20$0.56$0.39$0.40$0.02
2018Detailed filing. Detailed filing data is available for this year.$0.82$0.24$0.58$0.37$0.38$0.01
2017Detailed filing. Detailed filing data is available for this year.$0.88$0.29$0.59$0.36$0.42$0.06
2016Detailed filing. Detailed filing data is available for this year.$0.97$0.32$0.65$0.36$0.38$0.03
2015Detailed filing. Detailed filing data is available for this year.$1.03$0.35$0.68$0.36$0.39$0.03
2014Detailed filing. Detailed filing data is available for this year.$1.10$0.40$0.70$0.38$0.40$0.02
2013Detailed filing. Detailed filing data is available for this year.$1.14$0.41$0.73$0.38$0.39$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.18$0.44$0.74$0.41
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.28$0.47$0.81$0.41
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.99$0.48$0.50$0.34