BETHANY HOUSING MINISTRIES INC

EIN: 383279226 501(c)(3) Housing & Shelter

MUSKEGON, MI

Total Revenue
$231,408
Total Expenses
$1,827,691
Total Assets
N/A
Net Assets
N/A
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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
1992
Legal Domicile
MI
Principal Officer
KIMBERLY LEAVELL
Phone
2317283117
Tax Period
2025-01-01 to 2025-12-31

BETHANY HOUSING MINISTRIES INC, founded in 1992, is a small nonprofit in the Housing & Shelter sector that reported $231K in total revenue in fiscal year 2025. Revenue fell 29% from the prior year — a significant decline worth monitoring. Expenses of $1.8M exceeded revenue, resulting in a 690% operating deficit.

Mission

BETHANY HOUSING MINISTRIES INC PROVIDES PERSONS OF LOW AND MODERATE INCOME AFFORDABLE, DECENT HOUSING, TO SUPPORT PERSONS DURING THEIR TRANSITION TO MORE PERMANENT HOUSING AND TO ACT AS AN ADVOCATE FOR PERSONS FACING HOUSING NEEDS.

Program Service Accomplishments

Program 1
Expenses: $1,657,517

THOUGH ITS TRANSITIONAL, PERMANENT SUPPORTIVE AND SERVICE ENRICHED HOUSING PROGRAMS, BETHANY HOUSING MINISTRIES INC., OFFERS AFFORDABLE HOUSING IN NELSON, MCLAUGHLIN AND ANGELL NEIGHBORHOODS IN...

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THOUGH ITS TRANSITIONAL, PERMANENT SUPPORTIVE AND SERVICE ENRICHED HOUSING PROGRAMS, BETHANY HOUSING MINISTRIES INC., OFFERS AFFORDABLE HOUSING IN NELSON, MCLAUGHLIN AND ANGELL NEIGHBORHOODS IN MUSKEGON MICHIGAN. THE VARIOUS PROGRAMS THAT CONTRIBUTE TO THIS FULFILLMENT INCLUDE; THE PHOENIX PROJECT, SACRED SUDS, YEP, MCLAUGHLIN GROWS, MCGROWS MARKET, FOOD FOR HEALTH, COMMUNITY SUPPORTED ARGRICULTURE, URBAN IMMERSION, "I AM NEIGHBOR", AND AMERICORPS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $232,216
Program Service Revenue $0
Investment Income $-56,364
Other Revenue $55,556
TOTAL REVENUE $231,408

Expense Breakdown

Grants Paid $1,567,617
Salaries & Benefits $69,833
Fundraising Expenses $0
Program Expenses $1,657,517
Other Expenses $190,241
TOTAL EXPENSES $1,827,691

Year-over-Year Comparison

2025 2024 Change
Revenue $231,408 $326,057 -0.3%
Expenses $1,827,691 $508,755 +2.6%
Net Income $-1,596,283 $-182,698 +7.7%
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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Governance

Voting Members
6
Independent Members
6
Employees
8
Volunteers
N/A

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
3
$63,864
Total Directors
7
$63,864
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KIMBERLY LEAVELL EXECUTIVE DI 40.00
Officer Director
$58,374 $5,490 $63,864
ARTHUR DUREN MEMBER N/A
Director
$0 $0 $0
TARA FOREMAN CHAIR N/A
Officer Director
$0 $0 $0
JAMESON GOORMAN MEMBER N/A
Director
$0 $0 $0
JESSICA LAMBERT SECRETARY N/A
Officer Director
$0 $0 $0
STEPHANIE MARION MEMBER N/A
Director
$0 $0 $0
HEIDI SYSTEMA MEMBER N/A
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
2025 $231,408 $1,827,691 No data $-1,596,283
2024 No data No data No data No data
2023 $1,301,182 $1,475,397 $2,975,764 $-174,215
2022 $12,343,261 $12,756,957 $3,945,806 $-413,696
2021 $16,635,219 $15,285,702 $4,087,536 $1,349,517
2020 $3,701,869 $3,236,952 $2,726,429 $464,917
2019 $1,598,448 $1,360,904 $2,238,571 $237,544
2018 $1,415,462 $1,283,706 $1,950,442 $131,756
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