Civic Intelligence

Bethany Assisted Living Inc.

990 • Fiscal year 2016 • EIN 58-2344742

Jul 01, 2015 to Jun 30, 2016 • Filed on Oct 04, 2016

77 Bethany WayStatesboro, GA 30458

(912) 764-7960

Siviq Scores

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

Liabilities / Assets

83rd percentile

0.72x

Higher debt load relative to assets than 83% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Liabilities / Revenue

98th percentile

19.80x

Higher debt load relative to revenue than 98% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Net Margin

4th percentile

-82%

Higher net margin than 4% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Top Officer Pay

64th percentile

$217,758

Higher top officer pay than 64% of similar nonprofits.

Top officer pay equals 53.6% of source-year revenue.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Asset Growth

94th percentile

49%

Faster asset growth than 94% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Revenue Growth

2nd percentile

-76%

Faster revenue growth than 2% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Assets

Up

$11,113,379

Up $3,674,731 (+49%) from 2015

Net Assets

Down

$3,065,233

Down $334,095 (-9.8%) from 2015

Liabilities

Up

$8,048,146

Up $4,008,826 (+99%) from 2015

Revenue

Down

$406,418

Down $1,308,602 (-76%) from 2015

Expenses

Up

$740,513

Up $697,520 (+1622%) from 2015

Net Income

Down

-$334,095

Down $2,006,122 (-120%) from 2015

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2010: $4,294,544Liabilities 2010: $2,449,601Net Assets 2010: $1,844,9432010Assets 2011: $4,257,935Liabilities 2011: $2,468,450Net Assets 2011: $1,789,4852011Assets 2012: $4,522,466Liabilities 2012: $2,487,950Net Assets 2012: $2,034,5162012Assets 2013: $4,581,086Liabilities 2013: $2,619,978Net Assets 2013: $1,961,1082013Assets 2014: $3,595,999Liabilities 2014: $1,868,698Net Assets 2014: $1,727,3012014Assets 2015: $7,438,648Liabilities 2015: $4,039,320Net Assets 2015: $3,399,3282015Assets 2016: $11,113,379Liabilities 2016: $8,048,146Net Assets 2016: $3,065,2332016Assets 2017: $10,739,377Liabilities 2017: $8,032,444Net Assets 2017: $2,706,9332017Assets 2018: $9,977,861Liabilities 2018: $7,535,029Net Assets 2018: $2,442,8322018Assets 2019: $10,117,852Liabilities 2019: $7,808,600Net Assets 2019: $2,309,2522019Assets 2020: $10,495,274Liabilities 2020: $3,430,394Net Assets 2020: $7,064,8802020Assets 2021: $9,951,934Liabilities 2021: $2,947,948Net Assets 2021: $7,003,9862021Assets 2022: $11,457,145Liabilities 2022: $2,818,689Net Assets 2022: $8,638,4562022Assets 2023: $14,574,171Liabilities 2023: $4,846,369Net Assets 2023: $9,727,8022023Assets 2024: $14,071,570Liabilities 2024: $4,268,487Net Assets 2024: $9,803,0832024Assets 2025: $13,596,988Liabilities 2025: $4,043,081Net Assets 2025: $9,553,9072025

Highlighted filing

2016

Assets$11,113,379
Liabilities$8,048,146
Net Assets$3,065,233

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $716,0472010Expenses 2011: $694,2052011Expenses 2012: $683,7262012Revenue 2013: $586,990Expenses 2013: $660,398Net Income 2013: -$73,4082013Revenue 2014: -$108,354Expenses 2014: $125,453Net Income 2014: -$233,8072014Revenue 2015: $1,715,020Expenses 2015: $42,993Net Income 2015: $1,672,0272015Revenue 2016: $406,418Expenses 2016: $740,513Net Income 2016: -$334,0952016Revenue 2017: $1,396,113Expenses 2017: $1,754,413Net Income 2017: -$358,3002017Revenue 2018: $1,550,529Expenses 2018: $1,814,630Net Income 2018: -$264,1012018Revenue 2019: $1,966,543Expenses 2019: $2,100,413Net Income 2019: -$133,8702019Revenue 2020: $7,201,677Expenses 2020: $2,446,146Net Income 2020: $4,755,5312020Revenue 2021: $2,755,623Expenses 2021: $2,816,418Net Income 2021: -$60,7952021Revenue 2022: $4,970,830Expenses 2022: $3,336,360Net Income 2022: $1,634,4702022Revenue 2023: $4,865,410Expenses 2023: $3,776,067Net Income 2023: $1,089,3432023Revenue 2024: $4,010,622Expenses 2024: $3,935,341Net Income 2024: $75,2812024Revenue 2025: $3,856,112Expenses 2025: $4,105,288Net Income 2025: -$249,1762025

Highlighted filing

2016

Revenue$406,418
Expenses$740,513
Net Income-$334,095
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Oct 4, 2016
Return Version
2015v2.1
Gross Receipts
$406,418
Mission and Program Overview

Mission

The organization's mission is to provide housing, assisted living activities, personal care and health related services, 24 hour assistance with activities of daily living as required and needed by the elderly, in a safe environment.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$6,114,024$9,620,490▲ $3,506,466
Investments in Publicly Traded Securities-$589,176-
Cash and Non-Interest-Bearing Accounts$145,842$310,691▲ $164,849
Savings and Temporary Cash Investments$797,000$108,553▼ $688,447
Prepaid Expenses and Deferred Charges-$2,581-
Accounts Receivable-$105-
Total Assets$7,438,648$11,113,379▲ $3,674,731
Other Assets Total$381,782$481,783▲ $100,001
Liabilities
Unsecured Notes Loans Payable$1,615,888$5,059,079▲ $3,443,191
Other Liabilities$2,423,432$2,936,341▲ $512,909
Accounts Payable and Accrued Expenses-$52,726-
Total Liabilities$4,039,320$8,048,146▲ $4,008,826
Net Assets / Fund Balance
Unrestricted Net Assets$3,399,328$3,065,233▼ $334,095
Total Net Assets Fund Balance$3,399,328$3,065,233▼ $334,095
Total Liabilities and Net Assets / Fund Balance$7,438,648$11,113,379▲ $3,674,731

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$6,373,480$80,638$6,454,118
Land$1,564,794-$1,564,794
Leasehold Improvements$736,692$38,774$775,466
Equipment$631,450$31,929$663,379
Other Land Buildings$314,074-$314,074
Compensation and Service Providers

Employees

NameTitleOtherTotal
Sherri DollarTrustee$2,000$2,000
William TrapnellChairman$2,000$2,000
Carolyn PhillipsTrustee$2,000$2,000
Edwin AkinsVice Chairma$2,000$2,000
Janelle HughesSecretary-tr$2,000$2,000
Julian DealTrustee$2,000$2,000
Terry ManuelTrustee$2,000$2,000
Wade McelveenTrustee$2,000$2,000
Wr SmithTrustee$500$500

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Pope Construction INCConstruction1 CONE STREET, Statesboro, GA 30458$3,062,715
Revenue and Support

Revenue Composition

Contributions and Grants
$33,079
Program Service Revenue
$372,226
Investment Income
$1,113
Other Revenue
$0
All Other Contributions
$33,079
Change in Net Assets
$-334,095
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$479,321
Salaries, Compensation, and Employee Benefits$261,192
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$165,223$55,754-$220,977
Interest$160,906--$160,906
Depreciation Depletion$151,340--$151,340
Occupancy$30,018--$30,018
All Other Expenses$15,893$10,793-$26,686
Other Employee Benefits$14,975$8,784-$23,759
Payroll Taxes$12,696$3,760-$16,456
Advertising-$11,064-$11,064
Other Expenses$22,485$7,621-$7,621
Information Technology$591$919-$1,510
Office Expenses-$696-$696
Total Functional Expenses$622,213$118,300$0$740,513
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
Notes Payable - Related Party$1,922,226
Due to Related Party$971,849
Accrued Interest Related Party$40,223
Accounts Payable - Patient Trust$2,043
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

Tax returns are presented to the finance committee and board for approval prior to filing.

Form 990, Page 6, Part VI, Line 12C

Board members are required to sign a conflict of interest policy statement each year at the annual meeting ( and at the initial meeting for new members). Any potential conflicts would be disclosed at that time.

Form 990, Page 6, Part VI, Line 15A

The organization does not directly compensate any officer or key employee of the organization. Such individuals are paid by bethany home, inc, a related 501(c)(3) organization. Compensation for the ceo , top management and key employees is discussed and approved annually at the human resources and compensation committee and board meetings of bethany home, inc.

Form 990, Page 6, Part VI, Line 15B

The organization does not directly compensate any officer or key employee of the organization. Such individuals are paid by bethany home, inc, a related 501(c)(3) organization. Compensation for the ceo , top management and key employees is discussed and approved annually at the human resources and compensation committee and board meetings of bethany home, inc.

Form 990, Page 6, Part VI, Line 19

The organization's governing documents, policies and financial statements are available for public review by contacting the ceo at bethany home, inc.

Filing and Contact Details

Filer

Filer Name
Bethany Assisted Living Inc
EIN
58-2344742
Phone
9127647960
Address
77 BETHANY WAY, STATESBORO, GA 30458

Signing Officer

Name
Becky Livingston
Title
CEO
Phone
9127647960
Signed
2016-10-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Becky Livingston
Formed
1997
Legal Domicile
Ga
Voting Board Members
9
Independent Board Members
9
Employees
15
Volunteers
9

Preparer

Firm
Lanier Westerfield Deal & Proctor Cpas
Address
PO BOX 505, STATESBORO, GA 30459-0505
Preparer
Katherine Proctor CPA
Phone
9124898756
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The organization's mission is to provide housing, assisted living activities, personal care and health related services, 24 hour assistance with activities of daily living as required and needed by the elderly, in a safe environment.

Form 990, Page 12, Part XII, Line 2C

There were no changes in the process from the prior year.

Financial Statement Notes

Schedule D, Page 3, Part X

The organization is a not-for-profit corporation that is exempt from income taxes under section 501(c)(3) of the internal revenue code. The organization adopted the income tax standard for uncertain tax positions on january 1, 2009. As a result of the implementation, the organization evaluated its tax positions and determined it has no uncertain tax positions as of june 30, 2016. The years ended june 30, 2013, 2014, 2015 and 2016 are open for potential review and adjustment by the internal revenue service or the georgia department of revenue under the statute of limitations. The organization has no unrelated business income that could produce tax liabilities under the internal revenue code or the laws of the state of georgia. Therefore, no tax liability has been reflected in the financial statements.

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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2ACCRUED INTEREST RELATED PARTY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3ACCOUNTS PAYABLE - PATIENT TRUST
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS A NOT-FOR-PROFIT CORPORATION THAT IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE ORGANIZATION ADOPTED THE INCOME TAX STANDARD FOR UNCERTAIN TAX POSITIONS ON JANUARY 1, 2009. AS A RESULT OF THE IMPLEMENTATION, THE ORGANIZATION EVALUATED ITS TAX POSITIONS AND DETERMINED IT HAS NO UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2016. THE YEARS ENDED JUNE 30, 2013, 2014, 2015 AND 2016 ARE OPEN FOR POTENTIAL REVIEW AND ADJUSTMENT BY THE INTERNAL REVENUE SERVICE OR THE GEORGIA DEPARTMENT OF REVENUE UNDER THE STATUTE OF LIMITATIONS. THE ORGANIZATION HAS NO UNRELATED BUSINESS INCOME THAT COULD PRODUCE TAX LIABILITIES UNDER THE INTERNAL REVENUE CODE OR THE LAWS OF THE STATE OF GEORGIA. THEREFORE, NO TAX LIABILITY HAS BEEN REFLECTED IN THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$13.6$4.04$9.55$3.86$4.11$0.25
2024Detailed filing. Detailed filing data is available for this year.$14.1$4.27$9.80$4.01$3.94$0.08
2023Detailed filing. Detailed filing data is available for this year.$14.6$4.85$9.73$4.87$3.78$1.09
2022Detailed filing. Detailed filing data is available for this year.$11.5$2.82$8.64$4.97$3.34$1.63
2021Detailed filing. Detailed filing data is available for this year.$9.95$2.95$7.00$2.76$2.82$0.06
2020Detailed filing. Detailed filing data is available for this year.$10.5$3.43$7.06$7.20$2.45$4.76
2019Detailed filing. Detailed filing data is available for this year.$10.1$7.81$2.31$1.97$2.10$0.13
2018Detailed filing. Detailed filing data is available for this year.$9.98$7.54$2.44$1.55$1.81$0.26
2017Detailed filing. Detailed filing data is available for this year.$10.7$8.03$2.71$1.40$1.75$0.36
2016Detailed filing. Detailed filing data is available for this year.$11.1$8.05$3.07$0.41$0.74$0.33
2015Detailed filing. Detailed filing data is available for this year.$7.44$4.04$3.40$1.72$0.04$1.67
2014Detailed filing. Detailed filing data is available for this year.$3.60$1.87$1.73$0.11$0.13$0.23
2013Summary only. Only limited summary data is available for this year.$4.58$2.62$1.96$0.59$0.66$0.07
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.52$2.49$2.03$0.68
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.26$2.47$1.79$0.69
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.29$2.45$1.84$0.72
Peer Organizations

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