Bethany Home Inc

What it reported doing in 2024

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, 2025, bethany heartwood had 27 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, 2025, 74% 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.

Financial Efficiency

• Mission deployment rate: 93.6%; rating input score 94
• Program expense ratio: 92.4%; rating input score 92
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
• Pay-setting controls: Limited
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Yes; rating input score 100

Accountability

• Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
• Governance controls: 7 of 9 controls in place; rating input score 78
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Fail
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Fail
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: -1.3%; rating input score 26; 26th percentile among comparable filings
• Total-asset coverage ratio: 1.27; rating input score 45; 45th percentile among comparable filings
• Liabilities to assets ratio: 1.03; rating input score 5; 5th percentile among comparable filings
• Officer compensation ratio: 1.9%; rating input score 78; 78th percentile among comparable filings

Growth

• Program expense growth: 5.6% per year; rating input score 100; 46th percentile among comparable filings
• Revenue growth: 4.8% per year; rating input score 100; 42nd percentile among comparable filings
• Asset growth: 8.2% per year; rating input score 100; 56th percentile among comparable filings