Civic Intelligence

Bethlehem Homes Inc.

990 • Fiscal year 2017 • EIN 06-0960677

Jan 01, 2017 to Dec 31, 2017 • Filed on Apr 23, 2018

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

79th percentile

0.33x

Higher debt load relative to assets than 79% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

89th percentile

0.82x

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

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Net Margin

15th percentile

-17%

Higher net margin than 15% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

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.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Asset Growth

17th percentile

-8.5%

Faster asset growth than 17% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

40th percentile

0.1%

Faster revenue growth than 40% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Assets

Down

$884,440

Down $82,683 (-8.5%) from 2016

Net Assets

Down

$590,022

Down $59,672 (-9.2%) from 2016

Liabilities

Down

$294,418

Down $23,011 (-7.2%) from 2016

Revenue

Up

$359,275

Up $262 (+0.1%) from 2016

Expenses

Up

$418,947

Up $34,402 (+8.9%) from 2016

Net Income

Down

-$59,672

Down $34,140 (-134%) from 2016

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

2017

Assets$884,440
Liabilities$294,418
Net Assets$590,022

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

2017

Revenue$359,275
Expenses$418,947
Net Income-$59,672
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Apr 23, 2018
Return Version
2017v2.2
Gross Receipts
$359,275
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$733,531$653,694▼ $79,837
Savings and Temporary Cash Investments$140,291$168,550▲ $28,259
Cash and Non-Interest-Bearing Accounts$83,152$44,427▼ $38,725
Pledges and Grants Receivable$6,547$7,606▲ $1,059
Accounts Receivable-$5,495-
Prepaid Expenses and Deferred Charges$3,602$4,668▲ $1,066
Total Assets$967,123$884,440▼ $82,683
Liabilities
Mortgage Notes Payable Secured by Investment Property$293,056$256,015▼ $37,041
Accounts Payable and Accrued Expenses$12,598$26,397▲ $13,799
Other Liabilities$11,775$12,006▲ $231
Total Liabilities$317,429$294,418▼ $23,011
Net Assets / Fund Balance
Unrestricted Net Assets$649,694$590,022▼ $59,672
Total Net Assets Fund Balance$649,694$590,022▼ $59,672
Total Liabilities and Net Assets / Fund Balance$967,123$884,440▼ $82,683

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$623,639$1,240,045$1,863,684
Other Land Buildings$2,930$62,130$65,060
Land$27,125-$27,125
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$35,871
Program Service Revenue
$322,938
Investment Income
$466
Other Revenue
$0
Change in Net Assets
$-59,672

Audited Revenue Reconciliation

Revenue per Audited Statements
$359,275
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$359,275
Total Revenue per Form 990
$359,275
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$322,282
Salaries, Compensation, and Employee Benefits$96,665
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$86,494--$86,494
Depreciation Depletion$79,837--$79,837
Insurance$27,062--$27,062
Interest$23,437--$23,437
Other Expenses$20,431--$20,431
Fees for Services Management$18,135--$18,135
Office Expenses$6,192--$6,192
Payroll Taxes$4,544--$4,544
Pension Plan Contributions$3,881--$3,881
Fees for Services Accounting$2,795--$2,795
Other Employee Benefits$1,746--$1,746
Conferences and Meetings$762--$762
Advertising$135--$135
Total Functional Expenses$418,947$0$0$418,947

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$418,947
Total Expenses per Audited Statements$418,947
Total Expenses per Form 990$418,947
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$8,460
Reserve for Betterments$3,546
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
John Shupenis
Title
President
Phone
2032665353
Signed
2018-04-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Shupenis
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/CurrentTaxYearMinus2YearsAmt0218
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0165
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0223
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt01456
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0322938
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0326161
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0324074
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0315233
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0315338
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01603744
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0466
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0384
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0218
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0165
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0223
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt01456
IRS990ScheduleA/InvestmentIncomeCYPct00.00080
IRS990ScheduleA/InvestmentIncomePYPct00.00080
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99920
IRS990ScheduleA/PublicSupportPY509Pct00.99920
IRS990ScheduleA/PublicSupportTotal509Amt01833808
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0358809
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0358629
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0362769
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0378415
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0375186
IRS990ScheduleA/Total509Grp/TotalAmt01833808
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0359275
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0359013
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0362987
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0378580
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0375409
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01835264
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt0623639
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01240045
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01863684
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0418947
IRS990ScheduleD/LandGrp/BookValueAmt027125
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt027125
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt02930
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt062130
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt065060
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt08460
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt13546
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1RESERVE FOR BETTERMENTS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0359275
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0653694
IRS990ScheduleD/TotalExpensesPerForm990Amt0418947
IRS990ScheduleD/TotalLiabilityAmt012006
IRS990ScheduleD/TotalRevenuePerForm990Amt0359275
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0359275
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0418947
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/TotalAssetsBOYAmt0967123
IRS990/TotalAssetsEOYAmt0884440
IRS990/TotalAssetsGrp/BOYAmt0967123
IRS990/TotalAssetsGrp/EOYAmt0884440
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt035871
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0418947
IRS990/TotalFunctionalExpensesGrp/TotalAmt0418947
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0317429
IRS990/TotalLiabilitiesEOYAmt0294418
IRS990/TotalLiabilitiesGrp/BOYAmt0317429
IRS990/TotalLiabilitiesGrp/EOYAmt0294418
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0649694
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0590022
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0418947
IRS990/TotalProgramServiceRevenueAmt0322938
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0466
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0322938
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0359275
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0967123
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0884440
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0649694
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0590022
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt011 JACKSON LANE
IRS990/USAddress/CityNm0BETHLEHEM
IRS990/USAddress/StateAbbreviationCd0CT
IRS990/USAddress/ZIPCd0067512020
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JOHN SHUPENIS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02032665353
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-04-23
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BETHLEHEM HOMES INC
ReturnHeader/Filer/BusinessNameControlTxt0BETH
ReturnHeader/Filer/EIN0060960677

Document Assets

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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