Bethany Shadow Woods Inc

What it reported doing in 2024

Bethany shadow woods, inc. (the "corporation") operates a complex currently made up of 20 duplexes, built to meet the needs of residents. The duplexes are located within the city limits of waupaca, Wisconsin, about one block from bethany home, inc., a skilled nursing facility. The corporation's retirement duplexes offer approximately 1,050 square feet of living space on the main floor and have two bedrooms; a patio area; and a single car garage with side storage area in one unit model (34 total units), and 1,450 square feet of living space on the main floor with two bedrooms, two bathrooms, a patio area and a double car garage in the second unit model (6 total units). In addition, bethany shadow woods, inc. Operates a single-family home on 139 shadow lake drive which functions the same as the duplexes with the same criteria. Finally, 150 shadow lake drive operates as a short-term rental unit for resident/ family gatherings and other supportive groups. The corporation's units are designed with all essential services on the main floor so that people with impaired mobility do not have to use the stairs. The stairways to the lower levels of the units are equipped with handrails on both sides to make it easier and safer for residents to travel them. The entrances of the units are also designed with no steps making it easy for individuals with limited mobility to access their homes. For an additional fee, the corporation provides meals and housekeeping. A complimentary shopping and errands program is available on an "as-needed" basis. In addition, social work, clinical assessments, and limited preventative screenings are available for no charge.the corporation provides "care-free living". The corporation's life lease residents pay a minimum monthly service fee, and this fee covers the costs of lawn care, snow removal, garbage service, water and sewer fees, cable television service, all exterior maintenance, maintenance on all supplied appliances, caretaker services during times that residents are away on vacation and also includes insurance on the buildings. Individuals who rent or lease one of the corporation's units also receive the benefit of priority admission to bethany pines, an assisted living facility and bethany home, inc., a skilled nursing facility located close to the corporation's complex. This benefit helps the corporation's residents feel more secure, knowing that health care services are available a short distance away from their current residence.

Financial Efficiency

• Mission deployment rate: 40.3%; rating input score 40
• Program expense ratio: 63.9%; rating input score 64
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: Limited
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Limited
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
• Governance controls: 6 of 9 controls in place; rating input score 67
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Fail
  • Document-retention policy: Pass
  • CEO compensation review process: Fail
  • 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: 35.3%; rating input score 87; 87th percentile among comparable filings
• Total-asset coverage ratio: 4.65; rating input score 83; 83rd percentile among comparable filings
• Liabilities to assets ratio: 0.61; rating input score 13; 13th percentile among comparable filings
• Officer compensation ratio: 1%; rating input score 60; 60th percentile among comparable filings

Growth

• Program expense growth: -0.8% per year; rating input score 0; 15th percentile among comparable filings
• Revenue growth: 5.9% per year; rating input score 100; 49th percentile among comparable filings
• Asset growth: 6.9% per year; rating input score 100; 47th percentile among comparable filings