BETHANY RETIREMENT HOME INC

EIN: 160988865 501(c)(3) Human Services

HORSEHEADS, NY

Total Revenue
$7,082,166
Total Expenses
$6,433,287
Total Assets
$10,447,250
Net Assets
$5,246,041
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1973
Legal Domicile
NY
Principal Officer
MICHAEL KISER
Phone
6077398711
Tax Period
2024-01-01 to 2024-12-31

BETHANY RETIREMENT HOME INC, founded in 1973, is a community nonprofit in the Human Services sector that reported $7.1M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $6.4M left a modest 9% surplus.

Mission

TO PROVIDE REGIONAL LEADERSHIP, SERVICES, ADVOCACY, AND EDUCATION FOR QUALITY SENIOR LIVING, WHILE OFFERING A VIBRANT, LIFE-AFFIRMING RESIDENTIAL COMMUNITY THAT CELEBRATES SPIRTUAL WELL-BEING, ENHANCES INDEPENDENCE, AND PROMOTES WELLNESS AS ITS RESIDENTS EVOLVE TOWARD THEIR FULL POTENTIAL.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $66,607
Program Service Revenue $6,668,743
Investment Income $271,875
Other Revenue $74,941
TOTAL REVENUE $7,082,166

Expense Breakdown

Grants Paid $0
Salaries & Benefits $4,050,270
Fundraising Expenses $0
Program Expenses $5,154,108
Other Expenses $2,383,017
TOTAL EXPENSES $6,433,287

Year-over-Year Comparison

2024 2023 Change
Revenue $7,082,166 $6,522,265 +0.1%
Expenses $6,433,287 $6,139,911 +0.0%
Net Income $648,879 $382,354 +0.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
10
Employees
132
Volunteers
11

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$489,046
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAWN BURLEW BOARD CHAIR 2.00
Officer Director
$0 $0 $0
JASON PARMENTER VICE CHAIR 2.00
Officer Director
$0 $0 $0
RICHARD CARR TREASURER/SECRETARY 2.00
Officer Director
$0 $0 $0
CAROL LINCOLN BOARD MEMBER 1.00
Director
$0 $0 $0
RANDI HEWIT BOARD MEMBER 1.00
Director
$0 $0 $0
ANITA LEWIS BOARD MEMBER 1.00
Director
$0 $0 $0
JACK BENJAMIN BOARD MEMBER 1.00
Director
$0 $0 $0
ALISON HUNT BOARD MEMBER 1.00
Director
$0 $0 $0
DAVID HELSING BOARD MEMBER 1.00
Director
$0 $0 $0
KIMBERLEE MIDDAUGH BOARD MEMBER 1.00
Director
$0 $0 $0
MICHAEL KISER EXECUTIVE DIRECTOR 40.00
Officer
$0 $32,855 $232,979
LESLEY LATSHAW ASSOCIATE EXECUTIVE DIRECTOR 40.00
Officer
$0 $77,969 $256,067
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $7,082,166 $6,433,287 $10,447,250 $648,879
2023 $6,522,265 $6,139,911 $10,040,154 $382,354
2022 $6,004,755 $5,848,413 $9,995,328 $156,342
2021 $6,193,280 $5,798,599 $10,341,645 $394,681
2020 $7,642,166 $6,066,213 $10,044,330 $1,575,953
2019 $7,073,194 $6,574,243 $8,836,882 $498,951
2018 $6,489,540 $6,415,277 $8,777,843 $74,263
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