Civic Intelligence

Bethany Terrace

990 • Fiscal year 2015 • EIN 91-1178420

Jan 01, 2015 to Dec 31, 2015 • Filed on Oct 03, 2016

Organization ProfileN/A
1113 Sunny Ridge LaneSultan, WA 98294

(509) 663-1131

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2015

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2015

Net Margin

100th percentile

104%

Higher net margin than 100% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

1st percentile

-100%

Faster asset growth than 1% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2014 to 2015

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$0

Down $1,639,985 (-100%) from 2014

Net Assets

Up

$0

Up $1,903,772 (+100%) from 2014

Liabilities

Down

$0

Down $3,543,757 (-100%) from 2014

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin100th percentile

Revenue

Down

-$527,408

Down $536,658 (-5802%) from 2014

Expenses

Down

$19,770

Down $3,604 (-15%) from 2014

Net Income

Down

-$547,178

Down $533,054 (-3774%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth1st percentile

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

$6.0M$4.0M$2.0M$0-$2.0M-$4.0MAssets 2010: $1,645,208Liabilities 2010: $3,991,199Net Assets 2010: -$2,345,9912010Assets 2011: $1,639,655Liabilities 2011: $4,340,478Net Assets 2011: -$2,700,8232011Assets 2012: $1,640,566Liabilities 2012: $4,609,164Net Assets 2012: -$2,968,5982012Assets 2013: $1,640,423Liabilities 2013: $3,812,053Net Assets 2013: -$2,171,6302013Assets 2014: $1,639,985Liabilities 2014: $3,543,757Net Assets 2014: -$1,903,7722014Assets 2015: $0Liabilities 2015: $0Net Assets 2015: $02015

Highlighted filing

2015

Assets$0
Liabilities$0
Net Assets$0
Open 2015 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$200K$0-$200K-$400K-$600KExpenses 2010: $28,7582010Expenses 2011: $36,3502011Revenue 2012: $9,128Expenses 2012: $28,754Net Income 2012: -$19,6262012Revenue 2013: $23,498Expenses 2013: $24,640Net Income 2013: -$1,1422013Revenue 2014: $9,250Expenses 2014: $23,374Net Income 2014: -$14,1242014Revenue 2015: -$527,408Expenses 2015: $19,770Net Income 2015: -$547,1782015

Highlighted filing

2015

Revenue-$527,408
Expenses$19,770
Net Income-$547,178
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Oct 3, 2016
Return Version
2015v2.1
Gross Receipts
$1,109,536
Mission and Program Overview

Mission

To build a retirement community.

The organization's mission was to build a retirement housing community, however due to lack of cooperation from local government, the development failed causing the value of the property to decline below the accumulated costs incurred to build the infrastructure. As a result, the organization was forced to cease development efforts and transfer the property to its creditor in satisfaction of its outstanding loans.

Balance Sheet Detail
LineBeginningEndChange
Assets
Loans From Officers Directors$3,240,164--
Land, Buildings, and Equipment, Net$1,636,944--
Cash and Non-Interest-Bearing Accounts$3,041--
Rtn Earn Endowment Incm Other Fnds$-1,903,772--
Total Assets$1,639,985$0▼ $1,639,985
Liabilities
Other Liabilities$303,593--
Total Liabilities$3,543,757$0▼ $3,543,757
Net Assets / Fund Balance
Total Net Assets Fund Balance$-1,903,772$0▲ $1,903,772
Total Liabilities and Net Assets / Fund Balance$1,639,985$0▼ $1,639,985
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
William NeumanPresident/tr
Richard HendricksonMember at La
Virginia NeumanSecretary
Mark NeumanVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$13,900
Investment Income
$-541,308
Other Revenue
$0
Change in Net Assets
$-547,178
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$19,770
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$17,340--$17,340
Interest$1,092--$1,092
Insurance$829--$829
Fees for Services Accounting$509--$509
Total Functional Expenses$19,770$0$0$19,770
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$3,240,164--
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
No
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 2

“William w. Neuman virginia neuman president secreatry husband / wife william w. Neuman richard hendrickson president director father-inlaw / son-inlaw william w. Neuman mark neuman president v. President father / son”

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

“Directors review form 990 before it is filed.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
Bethany Terrace
EIN
91-1178420
Phone
5096631131
Address
1113 SUNNY RIDGE LANE, SULTAN, WA 98294

Signing Officer

Name
William Neuman
Title
President/treasurer
Phone
5096631131
Signed
2016-10-03

Organization Details

Principal Officer
William Neuman
Formed
1983
Legal Domicile
Wa
Voting Board Members
4
Independent Board Members
0
Employees
0

Preparer

Firm
Homchick Smith & Associates Pllc
Address
PO BOX 1371, WENATCHEE, WA 98807-1371
Preparer
James Matsumura CPA
Phone
5096631131
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“The organization's mission was to build a retirement housing community, however due to lack of cooperation from local government, the development failed causing the value of the property to decline below the accumulated costs incurred to build the infrastructure. As a result, the organization was forced to cease development efforts and transfer the property to its creditor in satisfaction of its outstanding loans.”

Form 990, Part XI, Line 9

“Accrued interest adjustment - neuman 2,347,383 accrued interest adjustment - others 99,190 ceif loan adjustment 4,377 total 2,450,950”

Raw XML Appendix304 raw XML fields

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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IRS990/ActivityOrMissionDesc0THE ORGANIZATION'S MISSION WAS TO BUILD A RETIREMENT HOUSING COMMUNITY, HOWEVER DUE TO LACK OF COOPERATION FROM LOCAL GOVERNMENT, THE DEVELOPMENT FAILED CAUSING THE VALUE OF THE PROPERTY TO DECLINE BELOW THE ACCUMULATED COSTS INCURRED TO BUILD THE INFRASTRUCTURE. AS A RESULT, THE ORGANIZATION WAS FORCED TO CEASE DEVELOPMENT EFFORTS AND TRANSFER THE PROPERTY TO ITS CREDITOR IN SATISFACTION OF ITS OUTSTANDING LOANS.
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IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
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IRS990/MissionDesc0THE ORGANIZATION'S MISSION WAS TO BUILD A RETIREMENT HOUSING COMMUNITY, HOWEVER DUE TO LACK OF COOPERATION FROM LOCAL GOVERNMENT, THE DEVELOPMENT FAILED CAUSING THE VALUE OF THE PROPERTY TO DECLINE BELOW THE ACCUMULATED COSTS INCURRED TO BUILD THE INFRASTRUCTURE. AS A RESULT, THE ORGANIZATION WAS FORCED TO CEASE DEVELOPMENT EFFORTS AND TRANSFER THE PROPERTY TO ITS CREDITOR IN SATISFACTION OF ITS OUTSTANDING LOANS.
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IRS990ScheduleN/DispositionOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0BETHANY TERRACE PROP
IRS990ScheduleN/DispositionOfAssetsDetail/DistributionDt02015-12-31
IRS990ScheduleN/DispositionOfAssetsDetail/EIN0501306614
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IRS990ScheduleN/DispositionOfAssetsDetail/PersonNm0WILLIAM NEUMAN
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/AddressLine1Txt01113 SUNNY RIDGE LANE
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IRS990ScheduleN/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION TRANSFERED ITS FAILED PROPERTY DEVELOPMENT TO ITS PRIMARY CREDITOR, WILLIAM NEUMAN. AT THE TIME OF THE TRANSFER, THE ORGANIZATION OWED THE CREDITOR 1,095,636 FOR CASH LOAN ADVANCES AND 2,347,383 IN ACCRUED INTEREST. THE PROPERTY'S ASSESSED VALUE WAS 833,000. THE CREDITOR AGREED TO ACEPT THE PROPERTY IN SATISFACTION OF THE 1,095,636 LOAN BALANCE DUE TO HIM AND TO NOT PURSUE COLLECTION OF ANY ACCRUED INTEREST. AFTER THE TRANSFER OF THE PROPERTY IN ORDER TO SATISFY THE OUTSTANDING LOAN, THE ORGANIZATION HAD NO ASSETS OR FUTHER LIABILITIES AND ALL OPERATIONS CEASED AND THE BOARD OF THE ORGANIZATION DISBANDED. THE NONPROFIT CORPORATION WAS ADMINISTRATIVELY DISSOLVED BY THE STATE OF WASHINGTON WHEN IT OPERATIONS CEASED. THERE ARE NO ARTICLES OF DISSOLUTIONMENT.
IRS990ScheduleN/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE N
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION'S MISSION WAS TO BUILD A RETIREMENT HOUSING COMMUNITY, HOWEVER DUE TO LACK OF COOPERATION FROM LOCAL GOVERNMENT, THE DEVELOPMENT FAILED CAUSING THE VALUE OF THE PROPERTY TO DECLINE BELOW THE ACCUMULATED COSTS INCURRED TO BUILD THE INFRASTRUCTURE. AS A RESULT, THE ORGANIZATION WAS FORCED TO CEASE DEVELOPMENT EFFORTS AND TRANSFER THE PROPERTY TO ITS CREDITOR IN SATISFACTION OF ITS OUTSTANDING LOANS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1WILLIAM W. NEUMAN VIRGINIA NEUMAN PRESIDENT SECREATRY HUSBAND / WIFE WILLIAM W. NEUMAN RICHARD HENDRICKSON PRESIDENT DIRECTOR FATHER-INLAW / SON-INLAW WILLIAM W. NEUMAN MARK NEUMAN PRESIDENT V. PRESIDENT FATHER / SON
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DIRECTORS REVIEW FORM 990 BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ACCRUED INTEREST ADJUSTMENT - NEUMAN 2,347,383 ACCRUED INTEREST ADJUSTMENT - OTHERS 99,190 CEIF LOAN ADJUSTMENT 4,377 TOTAL 2,450,950
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01113 SUNNY RIDGE LANE
IRS990/USAddress/CityNm0SULTAN
IRS990/USAddress/StateAbbreviationCd0WA
IRS990/USAddress/ZIPCd098294
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm0WILLIAM NEUMAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT/TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum05096631131
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-10-03
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BETHANY TERRACE
ReturnHeader/Filer/BusinessNameControlTxt0BETH
ReturnHeader/Filer/EIN0911178420
ReturnHeader/Filer/PhoneNum05096631131
ReturnHeader/Filer/USAddress/AddressLine1Txt01113 SUNNY RIDGE LANE
ReturnHeader/Filer/USAddress/CityNm0SULTAN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WA
ReturnHeader/Filer/USAddress/ZIPCd098294
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0910626552
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HOMCHICK SMITH & ASSOCIATES PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 1371
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WENATCHEE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0WA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0988071371
ReturnHeader/PreparerPersonGrp/PhoneNum05096631131
ReturnHeader/PreparerPersonGrp/PreparationDt02016-10-03
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JAMES MATSUMURA CPA
ReturnHeader/ReturnTs02016-10-10T15:59:56-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$0
Liabilities
$0
Net assets
$0
Revenue
-$527,408
Expenses
$19,770
Net income
-$547,178
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2015Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.53$0.02$0.55
2014Detailed filing. Detailed filing data is available for this year.$1.64$3.54$1.90$0.01$0.02$0.01
2013Detailed filing. Detailed filing data is available for this year.$1.64$3.81$2.17$0.02$0.02$0.00
2012Summary only. Only limited summary data is available for this year.$1.64$4.61$2.97$0.01$0.03$0.02
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.64$4.34$2.70$0.04
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.65$3.99$2.35$0.03