BETHANY HOUSING MINISTRIES INC

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

MUSKEGON, MI

Total Revenue
$1,301,182
Total Expenses
$1,475,397
Total Assets
$2,975,764
Net Assets
$1,698,205
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
MI
Principal Officer
KIMBERLY LEAVELL
Phone
2317283117
Tax Period
2023-01-01 to 2023-12-31

BETHANY HOUSING MINISTRIES INC, founded in 1992, is a community nonprofit in the Housing & Shelter sector that reported $1.3M in total revenue in fiscal year 2023. Revenue fell 89% from the prior year — a significant decline worth monitoring. Expenses of $1.5M exceeded revenue, resulting in a 13% 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.

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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 (2023)

Revenue Breakdown

Contributions & Grants $701,076
Program Service Revenue $37,097
Investment Income $21
Other Revenue $562,988
TOTAL REVENUE $1,301,182

Expense Breakdown

Grants Paid $0
Salaries & Benefits $702,100
Fundraising Expenses $2,195
Program Expenses $822,304
Other Expenses $773,297
TOTAL EXPENSES $1,475,397

Year-over-Year Comparison

2023 2022 Change
Revenue $1,301,182 $12,343,261 -0.9%
Expenses $1,475,397 $12,756,957 -0.9%
Net Income $-174,215 $-413,696 -0.6%
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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Governance

Voting Members
7
Independent Members
7
Employees
22
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
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ARTHUR DUREN MEMBER N/A
Director
$0 $0 $0
TARA FOREMAN CHAIR N/A
Director
$0 $0 $0
JAMESON GOORMAN MEMBER N/A
Director
$0 $0 $0
BARB KLINGENMAIER MEMBER N/A
Director
$0 $0 $0
JESSICA LAMBERT SECRETARY N/A
Officer Director
$0 $0 $0
KIMBERLY LEAVELL EXECUTIVE DI N/A
Officer Director
$0 $0 $0
STEPHANIE MARION MEMBER N/A
Director
$0 $0 $0
JOHN PARKER 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
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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