Nonprofit · EIN 04-3604839
BETHANY METHODIST CORPORATION
Also known as CHESTNUT SQUARE AT THE GLEN ASSOCIA
Tax-exempt · GLENVIEW, IL 60026
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $561,551 | $326,972 | $234,579 | $22,510,639 | $37,634,385 | -$15,123,746 |
| September 30, 2024 | 990 | $9,144,599 | $8,525,557 | $619,042 | $25,583,153 | $42,017,084 | -$16,433,931 |
| September 30, 2023 | 990 | $7,190,496 | $8,645,516 | -$1,455,020 | $25,322,836 | $42,375,809 | -$17,052,973 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $333,679
- Program service revenue
- $215,647
- Investment income
- $12,225
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $48,823
- Other salaries and wages
- $46,087
- Salaries, compensation and benefits (total)
- $100,662
- Professional fundraising fees
- $0
- Accounting fees
- $19,534
- Occupancy
- $35,368
- Depreciation
- $17,631
- Program services (functional)
- $254,515
- Management and general (functional)
- $72,457
Balance sheet and other
- Total assets, start of year
- $25,583,153
- Total assets, end of year
- $22,510,639
- Total liabilities, end of year
- $37,634,385
- Net assets, end of year
- -$15,123,746
- Land, buildings and equipment
- $17,336,460
- Net assets without donor restrictions
- -$16,266,623
- Net assets with donor restrictions
- $1,142,877
- Gross receipts
- $561,551
- Employees
- 161
- Volunteers
- 8
- Year formed
- 2000
- State of legal domicile
- IL
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Renee Bellew | Dir. of Sales and Marketing Highest-paid employee | 40 | $197,455 | $28,163 |
| Vera Lampe | President/CEO Trustee or director, Officer | 39 | $195,287 | $3,166 |
| Jackie Nieves | Director of Human Resources Highest-paid employee | 40 | $109,225 | $13,977 |
| Sunny Lopez | Former President/CEO Former | 0 | $44,108 | $4,899 |
| Jennifer Christy | Chair Trustee or director, Officer | 1 | $0 | $0 |
| Bruce Balfe | Secretary/Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| Scort Christy | Director Trustee or director | 1 | $0 | $0 |
| Maureen Farrell | Director Trustee or director | 1 | $0 | $0 |
| Janice Maloney | Director Trustee or director | 1 | $0 | $0 |
| Jerry Marx | Director Trustee or director | 1 | $0 | $0 |
| Keith Reed | Director Trustee or director | 1 | $0 | $0 |
| Jane Wuellner | Director Trustee or director | 1 | $0 | $0 |
990 for the year ended September 30, 2024: 12 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Renee Bellew | Dir. of Sales and Marketing Highest-paid employee | 40 | $268,977 | $13,671 |
| Sunny Lopez | President/CEO (until 2/1/24) Trustee or director, Officer | 38 | $170,330 | $78,414 |
| Vera Lampe | President/CEO Trustee or director, Officer | 39 | $152,046 | $2,500 |
| Jackie Nieves | Director of Human Resources Highest-paid employee | 40 | $100,782 | $12,612 |
| Jennifer Christy | Chair Trustee or director, Officer | 1 | $0 | $0 |
| Bruce Balfe | Secretary/Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| Scort Christy | Director Trustee or director | 1 | $0 | $0 |
| Maureen Farrell | Director Trustee or director | 1 | $0 | $0 |
| Janice Maloney | Director Trustee or director | 1 | $0 | $0 |
| Jerry Marx | Director Trustee or director | 1 | $0 | $0 |
| Keith Reed | Director Trustee or director | 1 | $0 | $0 |
| Jane Wuellner | Director Trustee or director | 1 | $0 | $0 |
990 for the year ended September 30, 2023: 13 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Renee Bellew | Dir. of Sales and Marketing Highest-paid employee | 40 | $228,063 | $23,751 |
| Sunny Lopez | President/CEO Trustee or director, Officer | 38 | $170,740 | $77,674 |
| Vera Lampe | Administrator Highest-paid employee | 40 | $146,390 | $1,625 |
| Yona Bildner | Controller Highest-paid employee | 40 | $104,061 | $4,071 |
| Raymond Elster | Facilities Manager Highest-paid employee | 40 | $101,376 | $0 |
| Jennifer Christy | Chair Trustee or director, Officer | 1 | $0 | $0 |
| Bruce Balfe | Secretary/Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| Scort Christy | Director Trustee or director | 1 | $0 | $0 |
| Maureen Farrell | Director Trustee or director | 1 | $0 | $0 |
| Janice Maloney | Director Trustee or director | 1 | $0 | $0 |
| Jerry Marx | Director Trustee or director | 1 | $0 | $0 |
| Keith Reed | Director Trustee or director | 1 | $0 | $0 |
| Jane Wuellner | Director Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2601 CHESTNUT AVE UNIT 3201, GLENVIEW, IL 60026-8317
- In care of
- % REV STEPHEN A DAHL
- Principal officer (990 for 2024)
- Vera Lampe, 2601 Chestnut Avenue 3310, Glenview, IL 60026
- Signed the 990
- Vera Lampe, CEO
- Phone
- (847) 998-1118
- Website
- www.chestnutsquare.info
- Return prepared by
- RSM US LLP
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.
Program accomplishments
- 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.Expenses $254,515 · revenue $215,647
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | Check at the IRS |
IRS record
- EIN
- 04-3604839
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2002
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L22)
- Assets (IRS master file)
- $22,510,639
- Income (IRS master file)
- $561,551
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $561,551 | $326,972 | $22,510,639 | IRS |
| 990 | September 2024 | $9,144,599 | $8,525,557 | $25,583,153 | XML |
| 990 | September 2023 | $7,190,496 | $8,645,516 | $25,322,836 | XML |
| 990 | September 2022 | $6,694,402 | $7,966,783 | $25,081,335 | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
| 990 | September 2019 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 04-3604839).
Questions about BETHANY METHODIST CORPORATION
- What is the EIN of BETHANY METHODIST CORPORATION?
- The employer identification number (EIN) of BETHANY METHODIST CORPORATION is 04-3604839.
- Is BETHANY METHODIST CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2002.
- Are donations to BETHANY METHODIST CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BETHANY METHODIST CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of BETHANY METHODIST CORPORATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BETHANY METHODIST CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of BETHANY METHODIST CORPORATION?
- The 990 for the year ended December 31, 2024 names Vera Lampe.
- Who are the officers and directors of BETHANY METHODIST CORPORATION?
- The 990 for the year ended December 31, 2024 lists 12 people; 4 received compensation from the organization, the highest $197,455 (Renee Bellew, Dir. of Sales and Marketing).
- How much revenue does BETHANY METHODIST CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $561,551, expenses of $326,972 and total assets of $22,510,639 at year end.
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