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

EIN: 363696581 501(c)(3)

OAK BROOK, IL

Total Revenue
$461,925
Total Expenses
$403,748
Total Assets
$364,249
Net Assets
$-569,052
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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
IL
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

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%)

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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

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Governance

Voting Members
7
Independent Members
6
Employees
N/A
Volunteers
10

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
2
$659,214
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
5
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
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