“The corporation will demonstrate this purpose by raising people up to their God-given potential and enabling them to flourish spiritually, personally, and professionally. Also, the corporation will partner generously with other organizations that share a similar purpose. The corporation will focus upon its own employees and their families, upon the people with whom it has direct interactions, and upon the broader world. In carrying out its mission, profitability shall not be the sole factor in determining the goals and activities of the corporation."
– Betenbough Companies, PBC Articles of Incorporation
Hey Betenbough Team,
Hello to 2024! Before we jump into what’s ahead, we should look back and thank God for 2023. So, we say “thank you, Lord,” for a challenging yet fruitful year! The quote above is straight out of our incorporation documents for Betenbough Companies, PBC, and I thought some of you might not know that our Purpose is stated in our corporate documents for the State of Texas. As a reminder, most corporations have “profit” as their stated primary purpose. Therefore, for them, an annual report is just a bunch of financial statements. To be clear, we are a for-profit company as well. Profit is not evil or wrong. In fact, we need it to flourish. But we have a purpose beyond profit. We believe that if our highest pursuit is for the people to flourish and for us to work together to make that our reality then profit will be the natural fruit of those efforts!...
Read a Letter from Jeanna
Rick Betenbough's Legacy
Through his love for people and his obedience to the Lord, Rick put the flourishing of people as the highest priority – both in his own life and for Betenbough Companies. The impact Rick had on the lives of others cannot be overstated, and it continues to increase today...
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Community Grants Given
$0
Amount Given
Betenbough Companies partners with non-profit organizations that are making a difference in our communities through community grants. We do not require every organization to have the same purpose and mission to qualify for our grants, however, this is the lens we look through as we process community grant requests with team members across each of our businesses.
$40000
Amount matched
Throughout the year, Betenbough Companies increases the impact of our team members giving by donating a matching amount in that team member's name.
$200000
IN UTILITY BILLS FORGIVEN
In 2023, we discovered a pretty big mistake. We’d stopped doing a double-check where we’d disconnect utility services if a homebuyer didn’t move them over into their name after closing. The result was we’d been inadvertently paying utility bills on hundreds of closed homes for multiple years. This is a common issue that utility companies help builders work through, and at least a few of the utility providers said their standard process was to simply bill the homeowner for the amount since closing and reimburse us for that full amount. The Betenbough Homes leadership team discussed how to handle this, and it wasn’t an easy decision. While it is the customer’s responsibility to move the utilities into their name after closing, and the cost of those bills is clearly the homeowner’s responsibility – the result would be some of our homeowners would be surprised by an extra $2,000+ on their next utility bill. We know many of the families we serve wouldn’t be prepared for that, and it could be a huge burden on them. So, while we believe it really was their cost to pay, the Betenbough Homes leadership team decided to inform the customers and give them a few days to get the bills changed over into their name – but to forgive over $500,000 in utility bills. This is just one more example of us loving our neighbor as ourselves.