BETHANY HOME INC

EIN: 390868849 501(c)(3)

WAUPACA, WI

Total Revenue
$14,214,728
Total Expenses
$14,900,124
Total Assets
$22,625,914
Net Assets
$-482,256
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Financial Trends

Organization Details

Formation Year
1961
Legal Domicile
WI
Principal Officer
GREG REICHENBACH
Phone
7152585521
Tax Period
2023-10-01 to 2024-09-30

BETHANY HOME INC, founded in 1961, is a mid-sized nonprofit that reported $14.2M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

BETHANY IS A FAITH-BASED, NON-PROFIT SENIOR LIVING COMMUNITY PROVING A NURTURING CHRISTIAN ENVIRONMENT AND CONTINUUM OF CARE THAT RESPONDS TO INDIVIDUAL NEEDS AND CHOICES AT ALL LIFE STAGES.

Program Service Accomplishments

Program 1
Expenses: $9,644,882 Revenue: $9,824,390

NURSING HOME:BETHANY HOME, INC. OPERATES A 100-BED NURSING HOME TO PROVIDE LONG-TERM CARE SERVICES TO RESIDENTS OF WAUPACA COUNTY AND THE IMMEDIATE SURROUNDING AREA. BETHANY HOME, INC. MEMBERSHIP...

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NURSING HOME:BETHANY HOME, INC. OPERATES A 100-BED NURSING HOME TO PROVIDE LONG-TERM CARE SERVICES TO RESIDENTS OF WAUPACA COUNTY AND THE IMMEDIATE SURROUNDING AREA. BETHANY HOME, INC. MEMBERSHIP CONSISTS OF 36 CHURCH CONGREGATIONS FROM WAUPACA, THE SURROUNDING RURAL AREAS, AND SEVERAL NEIGHBORING COMMUNITIES. DURING OUR FISCAL YEAR ENDED SEPTEMBER 30, 2024, WE PROVIDED 24,920 INPATIENT DAYS OF SERVICE. OF THESE DAYS, 15,237 DAYS, ABOUT 61% OF OUR CARE, WERE PROVIDED TO MEN AND WOMEN WHO NO LONGER HAD ADEQUATE FUNDS TO PAY FOR THEIR CARE. THEIR CARE WAS PAID FOR BY THE WISCONSIN MEDICAL ASSISTANCE PROGRAM AT RATES THAT WERE BELOW OUR COST OF PROVIDING THAT CARE. WE ALSO PROVIDED 3,710 DAYS OF CARE TO RESIDENTS WHO WERE FUNDED BY THE FEDERAL MEDICARE PART A OR MEDICARE ADVANTAGE PROGRAMS. THESE DAYS EQUALED 15% OF THE CARE WE PROVIDED. THE REMAINING 5,973 DAYS OF CARE, REPRESENTING 24% OF OUR BUSINESS, WERE PROVIDED TO RESIDENTS WHO PAID FROM THEIR PERSONAL PRIVATE FUNDS. THE SERVICES THAT BETHANY HOME PROVIDES TO ITS RESIDENTS INCLUDE:*24 HOUR PER DAY NURSING CARE DELIVERED BY OUR STAFF OF REGISTERED NURSES*LICENSED PRACTICAL NURSES*CERTIFIED NURSING ASSISTANTS*7 DAY PER WEEK REHABILITATION SERVICES PROVIDED BY REGISTERED PHYSICAL THERAPISTS*PHYSICAL THERAPY ASSISTANTS AND AIDES*REGISTERED OCCUPATIONAL THERAPISTS*CERTIFIED OCCUPATIONAL THERAPY ASSISTANTS*REGISTERED SPEECH THERAPISTS*DELICIOUS AND NUTRITIOUS MEALS*SOCIAL SERVICES*RECREATIONAL ACTIVITIES*HOUSEKEEPING AND LAUNDRY SERVICES, INCLUDING THE IRONING OF PERSONAL CLOTHING*BUILDING AND GROUNDS MAINTENANCE*TRANSPORTATION TO MEDICAL APPOINTMENTS*BEAUTY AND BARBER SHOP SERVICES*ADMINISTRATIVE SERVICESBETHANY COMMUNITY CARE MINISTRYBETHANY HOME PROVIDES NURSES FOR SERVICES IN THE COMMUNITY SUCH AS CLINICS AND SCREENINGS, EDUCATION TO OLDER AND DISABLED ADULTS AND CAREGIVERS, INFORMATION AND REFERRAL, SEMINARS, AND VOLUNTEER PROGRAM DEVELOPMENT TO SERVE OLDER ADULTS IN THEIR HOMES. THE PURPOSE OF THE PROGRAM IS TO HELP THOSE IN THE COMMUNITY REMAIN IN THEIR HOME FOR AS LONG AS THEY AND THEIR FAMILIES ARE ABLE.

Program 2
Expenses: $2,341,777 Revenue: $2,385,362

BETHANY PINES APARTMENTS:BETHANY HOME, INC. ALSO OPERATES THE PINES, A 40-UNIT APARTMENT BUILDING THAT PROVIDES SUPPORTIVE LIVING SERVICES AND ASSISTED LIVING SERVICES TO RESIDENTS OF WAUPACA COUNTY...

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BETHANY PINES APARTMENTS:BETHANY HOME, INC. ALSO OPERATES THE PINES, A 40-UNIT APARTMENT BUILDING THAT PROVIDES SUPPORTIVE LIVING SERVICES AND ASSISTED LIVING SERVICES TO RESIDENTS OF WAUPACA COUNTY AND THE IMMEDIATE SURROUNDING AREA. AS OF SEPTEMBER 30, 2024, THE PINES HAD 30 APARTMENTS RENTED AS A REGISTERED RESIDENTIAL CARE APARTMENT COMPLEX (RCAC). THE SERVICES PROVIDED BY THE PINES MAKE IT POSSIBLE FOR ITS RESIDENTS TO REMAIN IN A HOMELIKE ATMOSPHERE FOR A LONGER PERIOD OF TIME AND DELAYS, AND IN MANY CASES ELIMINATES ENTIRELY, THEIR ENTRANCE INTO A NURSING HOME. THE SERVICES THAT THE PINES PROVIDES TO OUR RESIDENTS INCLUDE:*TASTY AND NUTRITIOUS MEALS*HELP WITH LAUNDRY AND HOUSEKEEPING NEEDS*ASSISTANCE AS NEEDED WITH ACTIVITIES OF DAILY LIFE, INCLUDING BATHING, DRESSING, TOILETING, AMBULATING, AND TRANSFERRING*MEDICATION MONITORING AND DELIVERY*RECREATIONAL ACTIVITIES*SPIRITUAL COUNSELING*ACTIVITIES OF DAILY LIVING*MEDICATION PASS*CLINICAL ASSESSMENTS*MONITORING*TRANSFERRING IF/WHEN NECESSARY*SOCIAL WORK AND RN SERVICESTHE RESIDENTS OF THE PINES ALSO RECEIVE PRIORITY ADMISSION TO BETHANY HOME IF THEIR HEALTH CONDITIONS CHANGE AND THEY REQUIRE SKILLED CARE NURSING SERVICES. THIS FEATURE OF OUR CONTINUUM OF CARE GIVES THE PINES RESIDENTS A REAL SENSE OF SECURITY, BECAUSE THEY KNOW THAT WE WILL CONTINUE TO CARE FOR THEM, EVEN WHEN THEIR NEEDS BECOME GREATER. OUR THE PINES APARTMENT BUILDING IS CONNECTED TO BETHANY HOME BY AN ENCLOSED, HEATED, AIR CONDITIONED WALKWAY. THIS FEATURE MAKES IT VERY EASY AND CONVENIENT FOR RESIDENTS OF THE PINES TO FREQUENTLY VISIT THEIR SPOUSES AND/OR FRIENDS WHO LIVE IN BETHANY HOME. THIS EASY ACCESS TO THEIR LOVED ONE IN THE NURSING HOME HAS HELPED MANY OF OUR THE PINES RESIDENTS TO BETTER DEAL WITH THE GUILT THAT IS SO OFTEN ASSOCIATED WITH HAVING TO PLACE A SPOUSE OR OTHER LOVED ONE IN A NURSING HOME.

Program 3
Expenses: $1,840,031 Revenue: $1,874,277

HEARTWOOD - COMMUNITY-BASED RESIDENTIAL FACILITY (CBRF):BETHANY HOME, INC. ALSO OPERATES HEARTWOOD, A 49 -BED BUILDING THAT PROVIDES SUPPORTIVE LIVING SERVICES AND ASSISTED LIVING TO RESIDENTS OF...

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HEARTWOOD - COMMUNITY-BASED RESIDENTIAL FACILITY (CBRF):BETHANY HOME, INC. ALSO OPERATES HEARTWOOD, A 49 -BED BUILDING THAT PROVIDES SUPPORTIVE LIVING SERVICES AND ASSISTED LIVING TO RESIDENTS OF WAUPACA COUNTY AND THE IMMEDIATE SURROUNDING AREA. AS OF SEPTEMBER 30, 2024, BETHANY PINES HAD 29 ROOMS RENTED AS A REGISTERED COMMUNITY BASED RESIDENTIAL FACILITY. BETHANY PINES CBRF ACCEPTS RESIDENTS WHO PAY PRIVATELY AND THOSE WHO ARE ON A FAMILY CARE PLAN. AS OF SEPTEMBER 30, 2024, 62% OF THE RESIDENTS WERE IN THE COMMUNITY BASED RESIDENTIAL FACILITY UNDER THE FAMILY CARE PROGRAM.THE SERVICES PROVIDED BY HEARTWOOD CBRF MAKE IT POSSIBLE FOR ITS RESIDENTS TO REMAIN IN A HOMELIKE ATMOSPHERE FOR A LONGER PERIOD OF TIME AND DELAYS, AND IN MANY CASES ELIMINATES ENTIRELY, THEIR ENTRANCE INTO A NURSING HOME. THE SERVICES THAT HEARTWOOD CBRF PROVIDES TO OUR RESIDENTS INCLUDE:*TASTY AND NUTRITIOUS MEALS*HELP WITH LAUNDRY AND HOUSEKEEPING NEEDS*ASSISTANCE AS NEEDED WITH ACTIVITIES OF DAILY LIFE, INCLUDING BATHING, DRESSING, TOILETING, AMBULATING, AND TRANSFERRING*MEDICATION MONITORING AND DELIVERY*RECREATIONAL ACTIVITIES*SPIRITUAL COUNSELING*ACTIVITIES OF DAILY LIVING*MEDICATION PASS*CLINICAL ASSESSMENTS*MONITORING*TRANSFERRING IF/WHEN NECESSARY*SOCIAL WORK AND RN SERVICESTHE RESIDENTS OF HEARTWOOD CBRF ALSO RECEIVE PRIORITY ADMISSION TO BETHANY HOME IF THEIR HEALTH CONDITIONS CHANGE AND THEY REQUIRE SKILLED CARE NURSING SERVICES. THIS FEATURE OF OUR CONTINUUM OF CARE GIVES THE HEARTWOOD CBRF RESIDENTS A REAL SENSE OF SECURITY, BECAUSE THEY KNOW THAT WE WILL CONTINUE TO CARE FOR THEM, EVEN WHEN THEIR NEEDS BECOME GREATER. HEARTWOOD CBRF BUILDING IS CONNECTED TO BETHANY HOME BY AN ENCLOSED, HEATED, AIR-CONDITIONED WALKWAY. THIS FEATURE MAKES IT VERY EASY AND CONVENIENT FOR RESIDENTS OF HEARTWOOD CBRF TO FREQUENTLY VISIT THEIR SPOUSES AND/OR FRIENDS WHOM LIVE IN BETHANY HOME. THIS EASY ACCESS TO THEIR LOVED ONE IN THE NURSING HOME HAS HELPED MANY OF OUR HEARTWOOD CBRF RESIDENTS TO BETTER DEAL WITH THE GUILT THAT IS SO OFTEN ASSOCIATED WITH HAVING TO PLACE A SPOUSE OR OTHER LOVED ONE IN A NURSING HOME.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $81,916
Program Service Revenue $14,084,029
Investment Income $25,863
Other Revenue $22,920
TOTAL REVENUE $14,214,728

Expense Breakdown

Grants Paid $0
Salaries & Benefits $7,584,161
Fundraising Expenses $0
Program Expenses $13,826,690
Other Expenses $7,315,963
TOTAL EXPENSES $14,900,124

Year-over-Year Comparison

2023 2022 Change
Revenue $14,214,728 $12,959,160 +0.1%
Expenses $14,900,124 $13,453,838 +0.1%
Net Income $-685,396 $-494,678 +0.4%
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
9
Independent Members
9
Employees
318
Volunteers
9

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
$428,584
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BARB CONRADT PRESIDENT 0.40
Officer Director
$0 $0 $0
JOE JONES PRESIDENT (THRU JAN '24) 0.40
Officer Director
$0 $0 $0
LORI CARLSON VICE-PRESIDENT 0.40
Officer Director
$0 $0 $0
HANNAH GUTHO SECRETARY/TREASURER 0.40
Officer Director
$0 $0 $0
SUE ABRAHAMSON DIRECTOR 0.40
Director
$0 $0 $0
DIANE BAKER DIRECTOR 0.40
Director
$0 $0 $0
KERRY LEE BLANKE DIRECTOR 0.40
Director
$0 $0 $0
ERIC HENDRICKSON DIRECTOR 0.40
Director
$0 $0 $0
MIKE JACQUART DIRECTOR 0.40
Director
$0 $0 $0
VICKI NATZKE DIRECTOR (THRU FEB '24) 0.40
Director
$0 $0 $0
KEITH WILLIAMS DIRECTOR 0.40
Director
$0 $0 $0
GREG REICHENBACH ADMINISTRATOR/CEO 35.00
Officer
$105,365 $24,109 $129,474
SHELLY SONTAG ADMINISTRATOR/CEO (THRU 12/23) 35.00
Officer
$152,935 $24,421 $177,356
SHEILA NELSON-SEYBOLD ADMINISTRATOR/CEO 35.00
Officer
$34,598 $0 $34,598
MICHELE SLATER FINANCE DIRECTOR 35.00
Officer
$80,182 $6,974 $87,156
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 $14,214,728 $14,900,124 $22,625,914 $-685,396
2023 $12,959,160 $13,453,838 $24,075,811 $-494,678
2022 $12,334,329 $13,118,411 $25,281,032 $-784,082
2021 $15,144,078 $13,352,629 $26,522,978 $1,791,449
2020 $13,104,400 $12,858,635 $26,868,701 $245,765
2019 $11,483,280 $12,951,651 $26,530,764 $-1,468,371
2018 $10,280,390 $12,812,824 $27,036,045 $-2,532,434
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