BETHEL AREA HOUSING INC C/O EMBRAC… - Form 990 Financial Data

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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

1989

Legal Domicile

Principal Officer

RALPH GAINES

Phone

6305218021

Tax Period

2024-01-01 to 2024-12-31

BETHEL AREA HOUSING INC C/O EMBRACE LIVING COMMUNITIES & AFFILIA, founded in 1989, is a small nonprofit that reported $462K in total revenue in fiscal year 2024. Expenses of $404K left a modest 13% surplus.

Mission

BETHEL AREA HOUSING INC, DBA BETHEL GREENCASTLE, WAS INCORPORATED AS A NOT-FOR-PROFIT CORPORATION IN THE STATE OF ILLINOIS IN 1989. IT WAS FORMED TO ACQUIRE LAND AND CONSTRUCT BUILDINGS TO HOUSE LOW-INCOME ELDERLY AND HANDICAPPED PERSONS AS DEFINED BY THE NATIONAL HOUSING ACT OF 1959. OUR MISSION IS TO PROVIDE ACTIVELY AGING ADULTS AFFORDABLE WELCOMING HOMES IN COMMUNITIES THAT EMBRACE LIVING.

Program Service Accomplishments

Program 1

Expenses: $372,602 Revenue: $461,925

TO PROVIDE ACTIVELY AGING ADULTS AFFORDABLE WELCOMING HOMES IN COMMUNITIES THAT EMBRACE LIVING.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $458,299

Investment Income $98

Other Revenue $3,528

TOTAL REVENUE $461,925

Expense Breakdown

Grants Paid $0

Salaries & Benefits $137,963

Fundraising Expenses $0

Program Expenses $372,602

Other Expenses $265,785

TOTAL EXPENSES $403,748

Year-over-Year Comparison

	2024	2023	Change
Revenue	$461,925	$428,800	+0.1%
Expenses	$403,748	$422,754	0.0%
Net Income	$58,177	$6,046	+8.6%

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

$659,214

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HANCE L PIERSON	CHAIRMAN	0.20	Director	$0	$0	$0
PATRICIA ARMSTRONG	DIRECTOR	0.20	Director	$0	$0	$0
MARY E GUEVEL	DIRECTOR	0.20	Director	$0	$0	$0
FULVIO HAYES	DIRECTOR	0.20	Director	$0	$0	$0
SHIRLEE M MENDON	DIRECTOR	0.20	Director	$0	$0	$0
DAVID SCHINDLER	DIRECTOR	0.20	Director	$0	$0	$0
RALPH GAINES	PRESIDENT & CEO	0.20	Officer	$0	$50,615	$422,211
ANNE M OLIVA	EXECUTIVE VICE PRESIDENT & CHIEF FINANCIAL OFFICER	0.00	Officer	$0	$22,837	$237,003
JENNIFER TRUPPA	DIRECTOR OF SOCIAL SERVICES AND QUALITY ASSURANCE	0.00	Highest	$0	$40,480	$160,134
ED HAVLOVIC	DIRECTOR OF PLANT OPERATIONS	0.00	Highest	$0	$27,750	$134,566
DAWN ZENKNER	CONTROLLER	0.00	Highest	$0	$38,818	$151,239
GARY ADAMS	DIRECTOR OF OPERATIONS	0.00	Highest	$0	$29,254	$145,325
ALINA SERBAN	CHIEF OF STAFF	0.00	Highest	$0	$38,357	$139,821

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	$461,925	$403,748	$364,249	$58,177
2023	$428,800	$422,754	$337,908	$6,046
2022	$490,141	$367,806	$375,990	$122,335
2021	$416,040	$481,156	$363,523	$-65,116
2020	$400,567	$437,716	$420,144	$-37,149

BETHEL AREA HOUSING INC C/O EMBRACE LIVING COMMUNITIES & AFFILIA