Bethany on 42nd
Bethany on 42nd reported $23.2 million in revenue and $21.0 million in expenses for calendar year 2024. Of every $100 it spent, $91.16 went to program services, $8.84 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 98.1% of the total. The highest compensation it reported for one person was $399,400 (President/CEO). Revenue rose 27% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $21MFor context, the median across 933 covered housing & shelter charities: $89.27 programs, $10.73 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $23MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 91.2% | 87.5% |
| Management & general Part IX 25(C) ÷ 25(A) | 8.8% | 10.5% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | Not reported | $0.01 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 0.0% | 17.0% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 1.0% |
| Program service revenue share Part VIII 2g ÷ 12 | 98.1% | 66.2% |
| Highest reported compensation Part VII-A, columns D–F | $399,400 | $300,863 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.90% | 1.57% |
| People paid over $100,000 Part VII, line 2 | 0 | 5 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 8.9 | 10.0 |
| Independent voting board members Part VI 1a–1b | 11 of 11 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseBethany on 42nd operates as a charitable organization consistent with the requirements of Internal Revenue Code Section 501(c)(3). Bethany on 42nd provides long term care services including skilled nursing care, transitional care, assisted living, and senior housing. Bethany on 42nd does not discriminate against individuals in the admissions process or in the delivery of care with regard to ability to pay for services. The organization's cash reserves are generally applied to expansion and replacement of existing facilities and equipment, amortization of mortgages, improvements in resident…
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| President/CEO Officer, 18.00 hrs/week | $0 | $373,201 | $26,199 | $399,400 |
| Senior Exec Resident Care Key employee, 22.00 hrs/week | $0 | $164,858 | $6,594 | $171,452 |
| CFO Officer, 18.00 hrs/week | $0 | $141,150 | $16,649 | $157,799 |
0 people received more than $100,000 in reportable compensation from Bethany on 42nd (Part VII, line 2).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b11 · 11 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aNo
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2Yes
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 50
- Volunteers Part I, line 6131
Private foundation grants it received
1 private foundation reported grants to Bethany on 42nd totaling $10,000 on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Bethany on 42nd's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Bethany on 42nd, you can publish a response that is linked from this page.
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Of every $100 Bethany on 42nd spent in 2024, $91.16 went to programs. The full breakdown, from its IRS Form 990:
Questions people ask
How much of Bethany on 42nd's spending goes to programs?
In calendar year 2024, Bethany on 42nd reported that 91.2% of its $21.0 million in expenses went to program services, 8.8% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Bethany on 42nd pay its top executive?
The largest total compensation Bethany on 42nd reported for one person in calendar year 2024 was $399,400, for the role of President/CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Bethany on 42nd get its money?
Of $23.2 million in revenue in calendar year 2024, 0.0% came from contributions and grants and 98.1% from program service revenue (Form 990, Part VIII).
Is Bethany on 42nd a registered charity?
The IRS lists EIN 26-1087740 as a 501(c)(3) organization (publicly supported organization (509(a)(2))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202542279349301234 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202402339349300625 · read the filing
- 2022: Form 990 for calendar year 2022, object 202322289349300622 · read the filing
- 2021: Form 990 for calendar year 2021, object 202242239349300349 · read the filing
- 2020: Form 990 for calendar year 2020, object 202122529349301027 · read the filing
- 2019: Form 990 for calendar year 2019, object 202032529349300023 · read the filing
All filings for EIN 26-1087740: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.