Civic Intelligence

Bethany Assisted Living Inc.

990 • Fiscal year 2017 • EIN 58-2344742

Jul 01, 2016 to Jun 30, 2017 • Filed on Sep 27, 2017

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

84th percentile

0.75x

Higher debt load relative to assets than 84% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Liabilities / Revenue

94th percentile

5.75x

Higher debt load relative to revenue than 94% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Net Margin

9th percentile

-26%

Higher net margin than 9% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Top Officer Pay

62nd percentile

$213,881

Higher top officer pay than 62% of similar nonprofits.

Top officer pay equals 15.3% of source-year revenue.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Asset Growth

18th percentile

-3.4%

Faster asset growth than 18% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Revenue Growth

97th percentile

244%

Faster revenue growth than 97% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Assets

Down

$10,739,377

Down $374,002 (-3.4%) from 2016

Net Assets

Down

$2,706,933

Down $358,300 (-12%) from 2016

Liabilities

Down

$8,032,444

Down $15,702 (-0.2%) from 2016

Revenue

Up

$1,396,113

Up $989,695 (+244%) from 2016

Expenses

Up

$1,754,413

Up $1,013,900 (+137%) from 2016

Net Income

Down

-$358,300

Down $24,205 (-7.2%) from 2016

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

2017

Assets$10,739,377
Liabilities$8,032,444
Net Assets$2,706,933

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

2017

Revenue$1,396,113
Expenses$1,754,413
Net Income-$358,300
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Sep 27, 2017
Return Version
2016v3.0
Gross Receipts
$1,396,113
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$9,620,490$9,394,987▼ $225,503
Investments in Publicly Traded Securities$589,176$589,156▼ $20
Cash and Non-Interest-Bearing Accounts$310,691$141,161▼ $169,530
Savings and Temporary Cash Investments$108,553$109,638▲ $1,085
Prepaid Expenses and Deferred Charges$2,581$9,561▲ $6,980
Accounts Receivable$105$6,771▲ $6,666
Intangible Assets-$6,321-
Total Assets$11,113,379$10,739,377▼ $374,002
Other Assets Total$481,783$481,782▼ $1
Liabilities
Other Liabilities$2,936,341$4,019,213▲ $1,082,872
Unsecured Notes Loans Payable$5,059,079$3,971,152▼ $1,087,927
Accounts Payable and Accrued Expenses$52,726$42,079▼ $10,647
Total Liabilities$8,048,146$8,032,444▼ $15,702
Net Assets / Fund Balance
Unrestricted Net Assets$3,065,233$2,706,933▼ $358,300
Total Net Assets Fund Balance$3,065,233$2,706,933▼ $358,300
Total Liabilities and Net Assets / Fund Balance$11,113,379$10,739,377▼ $374,002

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$6,215,505$242,048$6,457,553
Land$1,564,794-$1,564,794
Leasehold Improvements$673,042$117,864$790,906
Equipment$627,572$108,662$736,234
Other Land Buildings$314,074-$314,074
Compensation and Service Providers

Employees

NameTitleOtherTotal
Carolyn PhillipsVice Chair$2,000$2,000
Edwin AkinsChairman$2,000$2,000
Janelle HughesSecretary-tr$2,000$2,000
Julian DealTrustee$2,000$2,000
Sherri DollarTrustee$2,000$2,000
Terry ManuelTrustee$2,000$2,000
Wade McelveenTrustee$2,000$2,000
William TrapnellTrustee$2,000$2,000
Wr SmithTrustee$1,000$1,000

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$19,726
Program Service Revenue
$1,375,002
Investment Income
$1,385
Other Revenue
$0
All Other Contributions
$19,726
Change in Net Assets
$-358,300
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,086,505
Salaries, Compensation, and Employee Benefits$667,908
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$467,965$105,852-$573,817
Depreciation Depletion$317,287--$317,287
Interest$275,189--$275,189
Occupancy$83,710--$83,710
All Other Expenses$32,211$31,106-$63,317
Fees for Services Accounting-$54,922-$54,922
Other Employee Benefits$40,220$9,925-$50,145
Payroll Taxes$35,885$8,061-$43,946
Fees for Services Other-$23,609-$23,609
Advertising-$21,739-$21,739
Insurance$9,730$10,320-$20,050
Other Expenses$5,994$7,918-$13,912
Information Technology-$6,845-$6,845
Fees for Services Legal-$2,812-$2,812
Travel$140$2,558-$2,698
Office Expenses-$2,496-$2,496
Total Functional Expenses$1,441,036$313,377$0$1,754,413
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$2,908,311
Due to Related Party$1,012,237
Accrued Interest Related Party$78,896
Prepaid Resident Rent$15,910
Accounts Payable - Patient Trust$3,859
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 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
2017-09-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Becky Livingston
Formed
1997
Legal Domicile
Ga
Voting Board Members
10
Independent Board Members
10
Employees
83

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

Review process has not changed from 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, 2017. The years ended june 30, 2014, 2015, 2016 and 2017 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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IRS990/OtherExpensesGrp/Desc1SUPPLIES
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IRS990/ProgramServiceRevenueGrp/Desc1COMMUNITY FEES
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IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus4YearsAmt03834
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt02012549
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt036,580
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART III, LINE 12
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt019726
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt033079
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt01679599
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0343616
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt03834
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt02079854
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt01385
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt01266
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0378
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01375002
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt078950
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0581456
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt01385
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt01113
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0421
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt01266
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IRS990ScheduleA/PublicSupportPY509Pct00.46560
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IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt0343616
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt03834
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IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt04528631
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
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IRS990ScheduleD/EquipmentGrp/DepreciationAmt0108662
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt278896
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt315910
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt43859
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NOTES PAYABLE - RELATED PARTY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DUE TO RELATED PARTY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2ACCRUED INTEREST RELATED PARTY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3PREPAID RESIDENT RENT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4ACCOUNTS 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, 2017. THE YEARS ENDED JUNE 30, 2014, 2015, 2016 AND 2017 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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Document Assets

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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