BETHANY TERRACE
Data sourced from IRS 990 public filings
BETHANY TERRACE THE ORGANIZATION'S MISSION WAS TO BUILD A RETIREMENT HOUSING COMMUNITY, HOWEVER DUE TO LACK OF COOPERATION FROM LOCAL GOVERNMENT, THE DEVELOPMENT FAILED CAUSING THE VALUE OF THE PROPERTY TO DECLINE BELOW THE ACCUMULATED COSTS INCURRED TO BUILD THE INFRASTRUCTURE. AS A RESULT, THE ORGANIZATION WAS FORCED TO CEASE DEVELOPMENT EFFORTS AND TRANSFER THE PROPERTY TO ITS CREDITOR IN SATISFACTION OF ITS OUTSTANDING LOANS.
Revenue decreased from $9,250 in 2014 to -$527,408 in 2015. Most recent reported revenue: $9,128.
Annual Revenue
$9,128
Known Funders
0
Grants Received
0
Financial History
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2015 | -$527,408 | $19,770 | $0 |
| 2014 | $9,250 | $23,374 | $1,639,985 |
| 2013 | $23,498 | $24,640 | $1,640,423 |
| 2012 | $9,128 | $28,754 | $1,640,566 |
| 2011 | $14,340 | $36,350 | $1,639,655 |
| 2010 | $49,970 | $28,758 | $1,645,208 |
Top Funders
No funder data available yet for this nonprofit.
Key Personnel
From 2015 IRS 990 filing
WILLIAM NEUMAN
PRESIDENT/TR
RICHARD HENDRICKSON
MEMBER AT LA
VIRGINIA NEUMAN
SECRETARY
MARK NEUMAN
VICE PRESIDE
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