BETHEL HOUSING COMMUNITY DEVELOPMENT INC (EIN 581187840) - Form 990 Financial Analysis & Trantor Score

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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

1974

Legal Domicile

Principal Officer

REV DR KEVIN T MOORE

Phone

7709522233

Tax Period

2023-01-01 to 2023-12-31

BETHEL HOUSING COMMUNITY DEVELOPMENT INC, founded in 1974, is a small nonprofit in the Housing & Shelter sector that reported $797K in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. Expenses of $1.0M exceeded revenue, resulting in a 30% operating deficit.

Mission

BETHEL HOUSING COMMUNITY DEVELOPMENT, INC IS A GEORGIA NOT-FOR-PROFIT CORPORATION THAT WASORGANIZED TO CONSTRUCT, OWN AND OPERATE A 98 UNIT APARTMENT COMMUNITY IN ALBANY, GEORGIA, KNOWN AS BETHEL HOUSING COMPLEX, PURSUANT TO SECTION 236 OF THE NATIONAL HOUSING ACT, AS AMENDED. THE CORPORATION HAS EXECUTED A REGULATORY AGREEMENT WITH HUD WHICH GOVERNS THE OPERATION OF THE PROJECT WITH THE FEDERAL HOUSING ADMINISTRATION SECTION OF HUD. THE CORPORATION HAS ALSO ENTERED INTO A HOUSING ASSISTANCE PAYMENT CONTRACT WITH HUD.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $797,029

Investment Income $332

Other Revenue $0

TOTAL REVENUE $797,361

Expense Breakdown

Grants Paid $0

Salaries & Benefits $125,097

Fundraising Expenses $0

Program Expenses $931,547

Other Expenses $909,561

TOTAL EXPENSES $1,034,658

Year-over-Year Comparison

	2023	2022	Change
Revenue	$797,361	$899,607	-0.1%
Expenses	$1,034,658	$947,838	+0.1%
Net Income	$-237,297	$-48,231	+3.9%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
REVEREND DR KEVIN T MOORE	PRESIDENT, BOARD CHAIRMAN	1.20	Officer Director	$0	$0	$0
ARTHUR K WILLIAMS	BOARD MEMBER	1.20	Director	$0	$0	$0
ROBERT MONTGOMERY JR	TREASURER	1.20	Officer Director	$0	$0	$0
PAULA H WILLIAMS	BOARD MEMBER	1.20	Director	$0	$0	$0
BENNY G HAND	VICE CHAIRPERSON	1.20	Officer Director	$0	$0	$0
KENYA HAMILTON	SECRETARY	1.20	Officer Director	$0	$0	$0
BRENDA JONES	BOARD MEMBER	1.20	Director	$0	$0	$0
KENNETH GOSEER	BOARD MEMBER	1.20	Director	$0	$0	$0
CARLTON HOLLIS	BOARD MEMBER	1.20	Director	$0	$0	$0
ANNISE SCOTT	BOARD MEMBER	1.20	Director	$0	$0	$0
MELVIN SHELTON	2ND VICE CHAIRPERSON	1.20	Officer 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	$797,361	$1,034,658	$3,137,675	$-237,297
2022	$899,607	$947,838	$3,418,719	$-48,231
2021	$855,924	$1,039,946	$3,472,129	$-184,022
2020	$848,843	$971,394	$3,673,749	$-122,551
2019	$797,348	$878,367	$3,769,588	$-81,019
2018	$797,713	$958,052	$3,997,021	$-160,339

BETHEL HOUSING COMMUNITY DEVELOPMENT INC