Bethany Methodist Corporation

Nonprofit profile at a glance

EIN
043604839
IRS 990 coverage
2009–2024
Forms available
Form 990 2024
Location
Glenview, IL, USA
Phone
8479981118
Rating
70
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Senior Citizens' Housing/Retirement Communities
Affiliation
Christianity

Official website

Reported finances

Revenue
$561,551
Expenses
$326,972
Assets
$22,510,639
Liabilities
$37,634,385

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

12 people listed

Executive titles in this filing

  • Vera Lampe (President/CEO)
  • Sunny Lopez (Former President/CEO)

Highest reported compensation

  • Renee Bellew (Dir. of Sales and Marketing): $225,618 total reported compensation
  • Vera Lampe (President/CEO): $198,453 total reported compensation
  • Jackie Nieves (Director of Human Resources): $123,202 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Bethany Methodist Corporation provides exceptional senior community living and health care that promotes holistic well-being for residents and clients through: Chestnut Square at The Glen and Partners in Health Care. Bethany Methodist Corporation is a faith-based organization affiliated with the United Methodist Church. The organization is guided by the values of compassion, advocacy, trust, teamwork and transparency.

What it reported doing in 2024

Independent Seniors Residential Mission: BMC is faithful to its non-profit, faith-based foundation and its continuing commitment as a provider of quality residential, hospitality, and ancillary programs for independent older adults. BMC's full-service, maintenance-free apartments are designed for active seniors, and are complemented by a broad range of amenities, including a library, inter-faith chapel, fellowship areas, and media room. Along with housing services, professional staff ensure that other residents' interests and needs are met, including: opportunities for social interaction with peers, transportation, inter-generational exchanges, expression of religious beliefs, and occasions to contribute their time and talents as volunteers.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and assets have declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 52
  • Transparency & Controls: 75
  • Accountability: 94
  • Sustainability: 72
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 46.5%; rating input score 47
  • Program expense ratio: 77.8%; rating input score 78
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 92.3%; rating input score 92; 16th percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 88.9%; rating input score 89; 22nd percentile among comparable filings
  • Governance controls: 8 of 8 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 41.8%; rating input score 90; 90th percentile among comparable filings
  • Total-asset coverage ratio: 68.85; rating input score 99; 99th percentile among comparable filings
  • Liabilities to assets ratio: 1.67; rating input score 3; 3rd percentile among comparable filings
  • Officer compensation ratio: 182.4%; rating input score 0; 0th percentile among comparable filings

Growth

  • Program expense growth: 0.4% per year; rating input score 100; 19th percentile among comparable filings
  • Revenue growth: 2.8% per year; rating input score 100; 30th percentile among comparable filings
  • Asset growth: -0.7% per year; rating input score 0; 15th percentile among comparable filings

Details

  • Where the money goes: 46.5% of revenue deployed · 77.8% of spending went to programs
  • Governance: 8 of 9 board members independent · 8 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $255K in reported program spending
  • Leadership: top reported pay $226K · 12 people listed · 3 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $2.3M reported
  • Consistency: 25 of 25 current checks pass
  • Schedules: 6 filed schedules · includes major donors and executive pay
  • Filing history: 15 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 4 filed money-flow records
  • Related organizations: 1 filed related-organization link
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Financial Efficiency: Mission deployment rate scored 47/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 3/100.