BETHANY TERRACE
1113 SUNNY RIDGE LANE, SULTAN, WA 98294

Total Revenue
$-527,408
Total Expenses
$19,770
Net Assets
$0

Organizations Filed Purposes: 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.

INITIATED THE FORMATION OF THE RETIREMENT COMMUNITY WITH INFRASTRUCTURE INSTALLATION AND DWELLING UNIT CONSTRUCTION.

Executives Listed on Filing

Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing

NameTitleHours Per WeekTotal Salary
Mark NeumanVICE PRESIDE1$0
Virginia NeumanSECRETARY1$0
Richard HendricksonMEMBER AT LA1$0
William NeumanPRESIDENT/TR10$0

Data for this page was sourced from XML published by IRS (public 990 form dataset) from: https://s3.amazonaws.com/irs-form-990/201622849349301107_public.xml