Overview
What is Bethesda House Corporation?
Bethesda House Corporation is a nonprofit organization situated in Boothwyn, Pennsylvania. With 15 dedicated employees, their primary mission is to offer housing and related services to financially disadvantaged elderly individuals and those with disabilities. This support is facilitated through HUD Rent Subsidy Assistance, ensuring that these vulnerable groups have access to suitable living arrangements.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86%, Three-Star out of Four Star rating
Bethesda House Corporation has earned an 86% score from Charity Navigator, reflecting strong performance in accountability and finance. With a perfect score for having 100% independent board members and a well-sized board, the organization demonstrates a commitment to governance and oversight. It also maintains thorough financial practices, including regular audits and a robust committee structure.
The nonprofit excels in program expense management, with a program expense ratio of 79.33%, indicating that a significant portion of its expenses is directed towards its mission-driven activities. Additionally, the organization has a favorable liabilities to assets ratio of 26.68%, suggesting a solid financial position and lower risk of insolvency.
While Bethesda House shows commendable strengths in governance and financial health, the three-star rating indicates room for improvement in other areas. Continued focus on transparency and operational effectiveness could help enhance its overall rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Bethesda House Corporation legitimate?
Bethesda House Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bethesda House Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $32,166
Professional Fundraising Fees: $0
Other Salaries and Wages: $170,018
For more financial information, click here
What is the mission statement of Bethesda House Corporation?
Bethesda House Corporation's mission is centered around providing housing and related services to financially disadvantaged elderly individuals and persons with disabilities who receive HUD rent subsidy assistance. The organization's primary aim is to ensure these vulnerable groups have access to adequate housing, thereby improving their quality of life. By offering housing services, Bethesda House Corporation seeks to alleviate the housing struggles faced by financially disadvantaged individuals, thereby promoting their overall well-being. The organization's activities are largely focused on supporting those who might otherwise struggle to secure suitable housing.
Who is the CEO of Bethesda House Corporation?
William Mansi is the President of Bethesda House Corporation.
What is the revenue of Bethesda House Corporation?
Bethesda House Corporation's revenue in 2023 was $1,575,836.
Who are the executives of Bethesda House Corporation and what are their salaries?
The average compensation at Bethesda House Corporation during 2023 was $13,479. There are 15 employees and 11 volunteers at Bethesda House Corporation.
Here are 12 key members and their salaries:
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- Compensation: $23,560
- Related: $44,943
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- Compensation: $8,606
- Related: $21,025
- Other: $0
Where can I find the form 990 for Bethesda House Corporation?
Bethesda House Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Bethesda House Corporation
Bethesda House Corporation is dedicated to providing housing and related services to financially disadvantaged elderly individuals and those with disabilities. These individuals are recipients of HUD rent subsidy assistance. The organization's mission is to ensure that these vulnerable groups have access to safe and affordable housing, thereby improving their quality of life. By offering housing services, Bethesda House Corporation aims to alleviate some of the financial burdens faced by its residents, enabling them to focus on other aspects of their well-being. The corporation's commitment to this mission is evident in its provision of housing to those in need, thereby contributing to their overall welfare.
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Impact
October, 2024
Bethesda House Corporation significantly enhances the quality of life for financially disadvantaged elderly individuals and persons with disabilities by providing secure housing and related services. Located in Boothwyn, PA, the organization focuses on those who receive HUD rent subsidy assistance, ensuring that vulnerable populations have access to safe and affordable living conditions.
Through its mission, Bethesda House Corporation addresses critical housing needs, fostering stability and independence for its residents. By integrating support services, the organization not only alleviates financial burdens but also promotes community and well-being among those it serves. This holistic approach contributes to overall health and improves the social fabric of the community, enabling individuals to thrive despite economic challenges.
This information is meant to be a general summary of Bethesda House Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $100,970
- Program Service Revenue: $380,126
- Gross Receipts: $2,275,609
Assets and Liabilities:
- Total Assets: $5,875,496
- Total Liabilities: $1,567,584
- Net Assets: $4,307,912
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL REVENUE - TENANTS
Revenue
$374,835
LAUDRY INCOME
Revenue
$5,291
Organization Details
Founding Year
1967
Phone
(610) 497-5220Principal Officer
William Mansi
Main Address
1800 MILL ROAD, BOOTHWYN, PA, 19061
NTEE Category
Code: L22Z - Housing
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