Bethany on 42nd

EIN: 261087740 501(c)(3) Housing & Shelter

Fargo, ND

Total Revenue
$23,160,345
Total Expenses
$21,020,748
Total Assets
$40,620,046
Net Assets
$15,650,023
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Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
ND
Principal Officer
Shawn Stuhaug
Phone
7012393000
Tax Period
2024-01-01 to 2024-12-31

Bethany on 42nd, founded in 2007, is a mid-sized nonprofit in the Housing & Shelter sector that reported $23.2M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $21.0M left a modest 9% surplus.

Mission

To provide living opportunities in a senior community shaped by Christian values.

Program Service Accomplishments

Program 1
Expenses: $19,163,391 Revenue: $22,709,453

Bethany on 42nd operates as a charitable organization consistent with the requirements of Internal Revenue Code Section 501(c)(3). Bethany on 42nd provides long term care services including skilled...

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Bethany on 42nd operates as a charitable organization consistent with the requirements of Internal Revenue Code Section 501(c)(3). Bethany on 42nd provides long term care services including skilled nursing care, transitional care, assisted living, and senior housing. Bethany on 42nd does not discriminate against individuals in the admissions process or in the delivery of care with regard to ability to pay for services. The organization's cash reserves are generally applied to expansion and replacement of existing facilities and equipment, amortization of mortgages, improvements in resident care, training and education, and community benefit activities.Continued on Schedule O...The governing board of Bethany on 42nd is made up of leaders in the Fargo-Moorhead business community. Consistent with its charitable mission, Bethany on 42nd provides community benefit to the area served. In 2024, community benefit activities included:*Volunteerism - coordinates a volunteers program that included 131 volunteers giving over 7,000 hours of service, providing mental stimulation and emotional support to Bethany on 42nd's 214 elderly residents. Volunteers included members of sponsoring churches, Experience Works program volunteers, business groups, and many student volunteers from the community's schools elementary, middle, high schools, and colleges.*Endowed scholarship programs and student loan repayment bonus opportunities - Bethany on 42nd recognizes that to continuously improve the organization's value to our community and our residents, to encourage life-long learning among employees, and to achieve an "employer of choice" status, it is in our best interest to provide opportunities to assist eligible employees in pursuing formal, healthcare-related education.*School partnerships - Bethany on 42nd works with area nursing and other healthcare-related programs to provide on-site training opportunities for students. In 2024, we had 87 nursing students complete clinical experiences at our facility. We provide a CNA training program for individuals in the Fargo-Moorhead community interested in pursuing a career as a nursing assistant. We also provide clinical site experience for an outside CNA training program, CPR training, and CNA testing and "test-out" classes. Other school partnerships include learning opportunities for dietetic students, and internship opportunities for students in social work, dietetics, activities, and LTC administration programs. *Assessment and referral services - our staff help to refer individuals needing long term care services to the appropriate agency in the community. Bethany on 42nd's licensed social workers provide guidance with medical assistance applications for residents/families.*Community Support - generalo Bethany on 42nd provides meeting room space and accommodations for non-profit organizations and community groups. o Facility space is open to use by outside groups for meetings, performances, activities, music recitals, and other programs.o Bethany on 42nd organizes employee participation in fundraising activities for Cass-Clay United Way and the Alzheimer's Association.*Community Support - leadership. Representatives from Bethany on 42nd serve on non-profit boards and civic organizations that work to improve the quality of life in the Fargo-Moorhead area:o President/CEO - serves on the BEK Care (dba Ethos Home Care and Hospice) board of directors, and various committees of the North Dakota Long Term Care Association (NDLTCA). Serves on the Workforce Committee for the American Health Care Association (AHCA) and the Board of Directors for ShareHouse Inc., Fargo.o Senior Executive of Resident Care - serves on the FM Clinical & Academic Collaborative, Great Plains & Lake Superior Quality Innovation Network, Resident Issues Committee of the NDLTCA, Ethos Board of Directors member, AHCA National Quality Team member, and as a NCLEX test reviewer/item reviewer for the National Board of Nursing. She also serves as an interviewer for the NDSU BSN nursing program/application process, serves on advisory panels for Rasmussen, NDSCS, Mayville, MState and NDSU nursing programs, and is a member of the AHCA workforce committee.o Senior Executive of Human Resources - serves as the Chair of the MState HR Program Advisory Committee, the Ethos Advisory Committee, the Find the Good Life recruiter network (a collaborative group working to recruit future workers to North Dakota), member of local HR group (FMHRA), member of national HR organization (SHRM), and a member of a local HR peer group that meets quarterly to discuss issues such as workforce recruitment and retention strategies.o Senior Executive of Housing/Assisted Living - serves as a Board Member of the Fargo West Rotary service club, member of the NDLTCA Assisted Living Committee, serves as a member of the NDLTCA Basic Care Committee, Assisted Living Director At Large Board Member for NDLTCA, and serves on the American Health Care Association/National Center for Assisted Living (AHCA/NCAL) Not-For-Profit Committee.o Senior Executive of Development & Community Relations - serves on the Public Affairs Committee of the Fargo- Moorhead-West Fargo Chamber of Commerce and with the Coalition of Service Providers for the Elderly.*Bethany on 42nd's care provided:o Bethany on 42nd Skilled - 116 skilled beds, with 42,308 days of care. Total Skilled employee hours - 358,945. Total expenses including management and general: $18,183,591.o Bethany Gables, senior housing with services - 40 apartments, 14,019 days of care, and 14,800 employee hours. Total expenses including management and general: $1,277,921.o Bethany Grace Pointe - 58 senior housing apartments. Days of service totaled 21,038, employee hours totaled 1,633, and total expenses including management and general were $1,400,494.

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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 $11,025
Program Service Revenue $22,709,453
Investment Income $269,246
Other Revenue $170,621
TOTAL REVENUE $23,160,345

Expense Breakdown

Grants Paid $0
Salaries & Benefits $12,865,414
Fundraising Expenses $0
Program Expenses $19,163,391
Other Expenses $8,155,334
TOTAL EXPENSES $21,020,748

Year-over-Year Comparison

2024 2023 Change
Revenue $23,160,345 $21,039,520 +0.1%
Expenses $21,020,748 $20,616,851 +0.0%
Net Income $2,139,597 $422,669 +4.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
11
Independent Members
11
Employees
N/A
Volunteers
131

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
8
$557,199
Total Directors
15
$0
Key Employees
1
$171,452
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
John Hertsgaard Trustee (as of April) 1.00
Director
$0 $0 $0
Jack Rydell Chair (Jan-Mar) 1.00
Officer Director
$0 $0 $0
Paulette Amundson Chair (Apr-Dec) Vice Chair (Jan-Mar) 1.00
Officer Director
$0 $0 $0
Lianne Rockstad Trustee (as of April) 1.00
Director
$0 $0 $0
Bruce Davidson Secretary (Jan-Mar) 1.00
Officer Director
$0 $0 $0
Neal Eriksmoen Trustee (Jan-Mar) 1.00
Director
$0 $0 $0
Martha Leclerc Trustee (Jan-Mar) 1.00
Director
$0 $0 $0
Dan Beauchamp Vice Chair (Apr-Dec) Trustee (Jan-Mar) 1.00
Officer Director
$0 $0 $0
Ben Carlsrud Secretary(Apr-Dec) Trustee(Jan-Mar) 1.00
Officer Director
$0 $0 $0
Roger Olson Treasurer 1.00
Officer Director
$0 $0 $0
Beth Renner Trustee 1.00
Director
$0 $0 $0
Cheryl Anderson Trustee 1.00
Director
$0 $0 $0
Jerilynn Bratner-Adams Trustee 1.00
Director
$0 $0 $0
Laura Ness Owens Trustee (as of April) 1.00
Director
$0 $0 $0
Rick Steen Trustee (as of April) 1.00
Director
$0 $0 $0
Shawn Stuhaug President/CEO 18.00
Officer
$0 $26,199 $399,400
Kaye Angus CFO 18.00
Officer
$0 $16,649 $157,799
Dawn Hummel Senior Exec Resident Care 22.00
Key Emp
$0 $6,594 $171,452
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 $23,160,345 $21,020,748 $40,620,046 $2,139,597
2023 $21,039,520 $20,616,851 $44,353,121 $422,669
2022 $22,954,614 $19,973,493 $45,131,106 $2,981,121
2021 $19,570,716 $18,209,270 $42,982,371 $1,361,446
2020 $19,648,460 $17,785,933 $43,604,291 $1,862,527
2019 $18,175,682 $17,743,607 $42,626,729 $432,075
2018 $17,639,283 $17,553,634 $43,692,009 $85,649
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