Overview
What is Bethany Inc?
Bethany Inc, based in Washington, D.C., is a nonprofit organization that actively participates in the District of Columbia's Rapid Rehousing Program. This program provides external case management, goal-setting, and rental assistance to individuals facing housing barriers, with full rent payment provided for a twelve-month lease term. In-house support services include group therapy sessions, case management, and referrals to outside programs. Gainful employment is expected and must be maintained throughout the program. At the end of the lease term, permanent housing goals are revisited, and discussions about self-sufficiency become more concrete. Bethany Inc employs a team of 4 individuals.
Official website here: www.bethanyinc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90% (Four-Star out of Four Star rating)
Bethany Inc has received a strong rating of 90% from Charity Navigator, indicating a high level of accountability and financial health within the organization. The overall score is based entirely on its Accountability & Finance metrics, showcasing the charity's commitment to responsible management of resources. The organization's independent board is fully comprised of members with no conflicts of interest, which underscores its ethical governance.
The financial metrics are impressive, with an 83.50% program expense ratio, meaning a significant portion of funds is directed towards its mission-driven activities. Additionally, the charity maintains a low liabilities to assets ratio of 8.78%, reflecting its solid financial footing. However, it is noted that the organization lacks a whistleblower policy, which may be an area for improvement in terms of transparency and protection for reporting misconduct.
Overall, Bethany Inc demonstrates robust financial practices and governance, earning it recognition as a trustworthy nonprofit. Although there is room for development in certain policy areas, the charity's strong performance in other metrics illustrates a commitment to effective resource management and ethical standards.
This AI summary has been generated from information found on Charity Navigator.
Is Bethany Inc legitimate?
Bethany Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bethany Inc 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $73,389
For more financial information, click here
Official website here: www.bethanyinc.org
What is the mission statement of Bethany Inc?
Bethany Inc participates in the District of Columbia's Rapid Rehousing program, providing financial assistance for rent during a twelve-month lease term. The organization offers in-house supportive services such as group therapy sessions, case management, and referrals to outside programs. The Rapid Rehousing program involves external case management, goal-setting, and addressing barriers to housing. Gainful employment is expected and must be maintained throughout the program. At the end of the lease term, permanent housing goals are revisited, and discussions about self-sufficiency become more concrete. The mission of Bethany Inc is to help individuals achieve and maintain stable housing, providing them with the necessary support services and fostering their path towards self-sufficiency.
Official website here: www.bethanyinc.org
Who is the CEO of Bethany Inc?
P Carol Bullard-Bates is the President of Bethany Inc.
Official website here: www.bethanyinc.org
What is the revenue of Bethany Inc?
Bethany Inc's revenue in 2022 was $145,571.
Official website here: www.bethanyinc.org
Who are the executives of Bethany Inc and what are their salaries?
The average compensation at Bethany Inc during 2022 was $18,347. There are 4 employees and 4 volunteers at Bethany Inc.
Here are 4 key members and their salaries:
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- Other: $0
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- Other: $0
Official website here: www.bethanyinc.org
Where can I find the form 990 for Bethany Inc?
Bethany Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.bethanyinc.org
Learn more at the official website: www.bethanyinc.org
Mission Statement of Bethany Inc
Bethany Inc, a nonprofit organization, plays a significant role in the District of Columbia's Rapid Rehousing Program. Their mission within this program involves providing external case management and goal-setting, addressing barriers to housing, and offering full payment of rent to Bethany Inc during a twelve-month lease term. In-house supportive services at Bethany Inc include group therapy sessions, case management services, and referral services to outside programs. Gainful employment is expected and must be maintained throughout the lease term. At the end of the lease term, permanent housing goals are revisited, and discussions of self-sufficiency become more concrete. Bethany Inc's role in this program aims to help individuals overcome housing barriers and work towards achieving self-sufficiency.
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Impact
October, 2024
Bethany Inc plays a crucial role in addressing housing stability for individuals and families in Washington, DC, through the Rapid Rehousing Program. By participating in this initiative, they offer comprehensive support that goes beyond just providing a roof over one's head. Their approach includes external case management and goal-setting, which effectively identifies and tackles barriers to securing stable housing.
Over a twelve-month lease term, Bethany Inc ensures that rent is fully covered, allowing clients to focus on reclaiming their independence. The organization enriches this experience with in-house services such as group therapy sessions, case management, and referrals to external programs. These supportive services foster a holistic environment that promotes mental well-being and practical assistance in overcoming personal challenges.
Employment plays a significant role in this recovery journey, with clients expected to maintain gainful employment throughout the program. This not only aids in financial stability but also fosters a sense of achievement and self-sufficiency. At the conclusion of the lease term, Bethany Inc revisits individual housing goals, ensuring that clients have a tangible pathway toward permanent housing.
Through these combined efforts, Bethany Inc significantly enhances the likelihood of long-term housing stability, empowering individuals and families to build a brighter future.
This information is meant to be a general summary of Bethany Inc. 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 2022.
- Investment Income: $38
- Program Service Revenue: $17,191
- Gross Receipts: $145,571
Assets and Liabilities:
- Total Assets: $676,632
- Total Liabilities: $39,909
- Net Assets: $636,723
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM FEES
Revenue
$17,191
Organization Details
Founding Year
1993
Phone
(202) 678-4084Principal Officer
P Carol Bullard-Bates
Main Address
1715 V STREET SE, WASHINGTON, DC, 20020
Website
www.bethanyinc.orgNTEE Category
Code: L80Z - Housing
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