BETHANY HOUSING CORP (EIN 222573806) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1984

Legal Domicile

Principal Officer

ANTHONY GUMKOWSKI

Tax Period

2023-01-01 to 2023-12-31

BETHANY HOUSING CORP, founded in 1984, is a small nonprofit that reported $347K in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $335K left a modest 3% surplus.

Mission

THE CORPORATION OWNS AND OPERATES 39 UNITS OF LOW INCOME, ELDERLY HOUSING WHICH IS SUBSIDIZED BY RURAL DEVELOPMENT, A DIVISION OF THE US DEPARTMENT OF AGRICULTURE.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $29,354

Program Service Revenue $317,633

Investment Income $464

Other Revenue $0

TOTAL REVENUE $347,451

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $264,226

Other Expenses $335,369

TOTAL EXPENSES $335,369

Year-over-Year Comparison

	2023	2022	Change
Revenue	$347,451	$319,965	+0.1%
Expenses	$335,369	$357,846	-0.1%
Net Income	$12,082	$-37,881	-1.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEPHEN BAYLEY	MEMBER	1.00	Director	$0	$0	$0
JAN CZAPIGA	DIRECTOR	1.00	Director	$0	$0	$0
JAMES GANNUSCIO	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
ANTHONY GUMKOWSKI	PRESIDENT	2.00	Officer Director	$0	$0	$0
ALICE KELLY	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL KELLY	DIRECTOR	1.00	Director	$0	$0	$0
DONNA KELLY	MEMBER	1.00	Director	$0	$0	$0
ERIC RENNIE	SECRETARY	2.00	Officer Director	$0	$0	$0
JEAN RYAN	DIRECTOR	1.00	Director	$0	$0	$0

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
2024	No data	No data	No data	No data
2023	$347,451	$335,369	$694,086	$12,082
2022	$319,965	$357,846	$664,659	$-37,881
2021	$317,430	$328,719	$674,352	$-11,289
2020	$296,358	$452,262	$665,861	$-155,904
2019	$301,235	$403,591	$785,191	$-102,356
2018	$299,142	$393,613	$863,768	$-94,471

BETHANY HOUSING CORP