Civic Intelligence

Bethlehem Homes Inc.

990 • Fiscal year 2020 • EIN 06-0960677

Jan 01, 2020 to Dec 31, 2020 • Filed on Dec 09, 2021

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

70th percentile

0.22x

Higher debt load relative to assets than 70% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

81st percentile

0.40x

Higher debt load relative to revenue than 81% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

32nd percentile

-3.0%

Higher net margin than 32% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

51st percentile

$0

Higher top officer pay than 51% of similar nonprofits.

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

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

15th percentile

-7.4%

Faster asset growth than 15% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

50th percentile

-1.0%

Faster revenue growth than 50% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Assets

Down

$705,032

Down $56,465 (-7.4%) from 2019

Net Assets

Down

$552,592

Down $11,375 (-2.0%) from 2019

Liabilities

Down

$152,440

Down $45,090 (-23%) from 2019

Revenue

Down

$384,177

Down $3,700 (-1.0%) from 2019

Expenses

Down

$395,552

Down $9,082 (-2.2%) from 2019

Net Income

Up

-$11,375

Up $5,382 (+32%) from 2019

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

2020

Assets$705,032
Liabilities$152,440
Net Assets$552,592

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

2020

Revenue$384,177
Expenses$395,552
Net Income-$11,375
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Dec 9, 2021
Return Version
2020v4.1
Gross Receipts
$384,177
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$499,122$421,251▼ $77,871
Savings and Temporary Cash Investments$213,900$221,614▲ $7,714
Prepaid Expenses and Deferred Charges$4,830$22,948▲ $18,118
Cash and Non-Interest-Bearing Accounts$32,977$21,710▼ $11,267
Accounts Receivable$4,520$11,303▲ $6,783
Pledges and Grants Receivable$6,148$6,206▲ $58
Total Assets$761,497$705,032▼ $56,465
Liabilities
Mortgage Notes Payable Secured by Investment Property$172,004$124,331▼ $47,673
Accounts Payable and Accrued Expenses$12,810$15,252▲ $2,442
Other Liabilities$12,716$12,857▲ $141
Total Liabilities$197,530$152,440▼ $45,090
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$563,967$552,592▼ $11,375
Total Net Assets Fund Balance$563,967$552,592▼ $11,375
Total Liabilities and Net Assets / Fund Balance$761,497$705,032▼ $56,465

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$390,746$1,472,938$1,863,684
Other Land Buildings$3,380$59,821$63,201
Land$27,125-$27,125
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$38,320
Program Service Revenue
$345,134
Investment Income
$723
Other Revenue
$0
Change in Net Assets
$-11,375

Audited Revenue Reconciliation

Revenue per Audited Statements
$384,177
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$384,177
Total Revenue per Form 990
$384,177
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$337,363
Salaries, Compensation, and Employee Benefits$58,189
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$77,695$1,365-$79,060
Other Salaries and Wages$43,486$7,260-$50,746
Other Expenses$22,759$773-$22,759
Insurance$22,751--$22,751
Fees for Services Management-$19,880-$19,880
Office Expenses-$13,009-$13,009
Interest$12,733--$12,733
Payroll Taxes$6,378$1,065-$7,443
Fees for Services Accounting-$3,031-$3,031
All Other Expenses-$1,158-$1,158
Conferences and Meetings-$281-$281
Total Functional Expenses$347,730$47,822$0$395,552

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$395,552
Total Expenses per Audited Statements$395,552
Total Expenses per Form 990$395,552
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$9,640
Reserve for Betterments$3,217
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 35% controlled entity
No
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
2021-12-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Shupenis
Formed
1974
Legal Domicile
Ct
Voting Board Members
8
Independent Board Members
8
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/CurrentTaxYearMinus3YearsAmt0466
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0384
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt03044
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0345134
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0348222
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0334328
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0322938
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0326161
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01676783
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0723
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0808
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0663
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0466
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0384
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt03044
IRS990ScheduleA/InvestmentIncomeCYPct00.00160
IRS990ScheduleA/InvestmentIncomePYPct00.00140
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99840
IRS990ScheduleA/PublicSupportPY509Pct00.99860
IRS990ScheduleA/PublicSupportTotal509Amt01859419
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0383454
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0387069
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0371458
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0358809
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0358629
IRS990ScheduleA/Total509Grp/TotalAmt01859419
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0384177
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0387877
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0372121
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0359275
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0359013
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01862463
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/BookValueAmt0390746
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01472938
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01863684
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0395552
IRS990ScheduleD/LandGrp/BookValueAmt027125
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt027125
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt03380
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt059821
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt063201
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt09640
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt13217
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1RESERVE FOR BETTERMENTS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0384177
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0421251
IRS990ScheduleD/TotalExpensesPerForm990Amt0395552
IRS990ScheduleD/TotalLiabilityAmt012857
IRS990ScheduleD/TotalRevenuePerForm990Amt0384177
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0384177
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0395552
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/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0761497
IRS990/TotalAssetsEOYAmt0705032
IRS990/TotalAssetsGrp/BOYAmt0761497
IRS990/TotalAssetsGrp/EOYAmt0705032
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt038320
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt047822
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0347730
IRS990/TotalFunctionalExpensesGrp/TotalAmt0395552
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0197530
IRS990/TotalLiabilitiesEOYAmt0152440
IRS990/TotalLiabilitiesGrp/BOYAmt0197530
IRS990/TotalLiabilitiesGrp/EOYAmt0152440
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0563967
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0552592
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0347730
IRS990/TotalProgramServiceRevenueAmt0345134
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0723
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0345134
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0384177
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0761497
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0705032
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt011 JACKSON LANE
IRS990/USAddress/CityNm0BETHLEHEM
IRS990/USAddress/StateAbbreviationCd0CT
IRS990/USAddress/ZIPCd0067512020
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1

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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