2017-11-06T14:20:33-06:00 2016-12-31 410746749 CLIFTONLARSONALLEN LLP 5001 SPRING VALLEY ROAD SUITE 600W DALLAS TX 75244 990 2016-01-01 741403088 METHODIST RETIREMENT COMMUNITIES METH 2813632600 1440 LAKE FRONT CIRCLE NO 110 THE WOODLANDS TX 77380 DON STEPHENS CFO 2813632600 2017-11-01 1 MICHAEL SIEGEL P01587323 9723835700 67.137.57.251 2017-11-01 14:04:06 CD P 620CE377AB574A82531DB92133EAAE39445EB33D 3E4F18CB77D6EAFB55BE5397643245C4E488A262 2016 2017-02-10 21:41:12Z RON JENNETTE 1440 LAKE FRONT CIRCLE NO 110 THE WOODLANDS TX 77380 3533587 0 X WWW.MRCAFF.ORG X 1965 TX THE ORGANIZATION PROVIDES ACCOUNTING, HR, IT, MARKETING, OPERATIONS AND EXECUTIVE AND STRATEGIC PLANNING TO THE AFFILIATES OF MRC AS THEY PROVIDE SERVICES TO THE MRC COMMUNITIES. 12 11 1295 11 0 0 19796 27882 2688236 2923763 48856 575946 0 0 2756888 3527591 0 0 0 0 1617258 1890354 0 0 0 693608 789792 2310866 2680146 446022 847445 12024855 12718534 6629439 6443690 5395416 6274844 X THE ORGANIZATION IS THE CENTRAL SUPPORT HUB FOR METHODIST RETIREMENT COMMUNITIES AND ITS AFFILIATES, AN ORGANIZATION COMMITTED TO QUALITY LIVING FOR SENIOR ADULTS IN FAITH-BASED ENVIRONMENTS. THE ORGANIZATION TAKES GREAT PRIDE IN SEEING THAT OUR AFFILIATES ARE AN IMPORTANT PART OF THE BROADER, LOCAL COMMUNITY WHERE THEY SERVE SENIORS AND PROVIDE EMPLOYMENT IN MEETING OUR MISSION OF SERVICE MINISTRY TO SENIOR ADULTS. THE COVENANT CONNECTION WITH THE TEXAS ANNUAL CONFERENCE OF UNITED METHODISTS LINKS THE ORGANIZATION TO ITS HERITAGE AND ORIGIN, THOUGH THE ENTIRE SYSTEM OPENLY ACCEPTS PERSONS OF ALL FAITHS AND BELIEFS; WITH NO DISCRIMINATION TOWARD RESIDENTS, STAFF, BOARD MEMBERS, VOLUNTEERS, DONORS, VENDORS, ETC. THE ORGANIZATION ENCOURAGES DONATIONS TO OUR FOUNDATION TO HELP OUR AFFILIATES ASSIST AND RETAIN RESIDENTS WHO RUN LOW ON FUNDS OR EVENTUALLY EVEN OUT OF MONEY THROUGH NO FAULT OF THEIR OWN. THE ORGANIZATION PROVIDES FINANCE, ACCOUNTING, HUMAN RESOURCES, TECHNOLOGY, MARKETING, O 0 0 69162 2923763 THE ORGANIZATION'S EXEMPT PURPOSE IS TO BE THE CORPORATE AND ADMINISTRATIVE HEADQUARTERS FOR METHODIST RETIREMENT COMMUNITIES AND ITS AFFILIATED MINISTRIES. 69162 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 38 0 1295 1 0 0 0 0 0 0 0 0 0 0 X 12 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X RENEE MENA 2812100127 1440 LAKE FRONT CIRCLE STE 110 THE WOODLANDS TX 77380 MRS KIMBERLY DENNEY CHAIR 1.00 16.00 X X 0 0 0 MR WAYNE HAGLUND VICE CHAIR 1.00 4.00 X X 0 0 0 MR RONALD E JENNETTE PRESIDENT 3.00 37.00 X X 284179 0 47172 MS ALYCE ANNE BAGGETT DIRECTOR 1.00 5.00 X 0 0 0 MR SAM H BURRIS JR DIRECTOR 1.00 2.00 X 0 0 0 JUDGE JAMES M CARLOW DIRECTOR 1.00 2.00 X 0 0 0 MRS LISA MCNAIR DIRECTOR 1.00 1.00 X 0 0 0 DR CHARLES R MILLIKAN DIRECTOR 1.00 1.00 X 0 0 0 MR DONALD N MORRISS DIRECTOR 1.00 6.00 X 0 0 0 REV BT WILLIAMSON DIRECTOR 1.00 5.00 X 0 0 0 REV JACK WOMACK DIRECTOR 1.00 6.00 X 0 0 0 MR THOMAS R WUSSOW DIRECTOR 1.00 4.00 X 0 0 0 MRS CYNTHIA CASTILLO SECRETARY 1.00 39.00 X 57782 0 5562 MR CHARLES CHILDRESS COO 0.00 40.00 X 183217 0 12264 MR DON STEPHENS CFO/TREASURER 2.00 38.00 X 165931 0 28785 MRS ALYSSA ADAM VP MARKETING 0.00 40.00 X 122420 0 20960 MR MATTHEW CURRIE VP/EXECUTIVE DIRECTOR 0.00 40.00 X 124075 0 8652 MR HAROLD ERMSHAR EXECUTIVE DIRECTOR 0.00 40.00 X 126102 0 27141 MRS RENEE MENA CONTROLLER 0.00 40.00 X 120230 0 20915 MS AMY THOMAS EXECUTIVE DIRECTOR 0.00 40.00 X 107720 0 26517 1291656 0 197968 11 0 1 0 RLPS ARCHITECTS 250 VALLEYBROOK DRIVE LANCASTER PA 17601 ARCHITECTURE/PROFESSIONAL SERVICES 736251 CLIFTONLARSONALLEN LLP 5001 SPRING VALLEY ROAD DALLAS TX 75244 PROFESSIONAL ACCOUNTING/TAX SERVICES 221285 BRACEWELL & GUILIANI LLP PO BOX 848566 DALLAS TX 752848566 LEGAL SERVICES 152478 BRIAN S SCHIFF 2205 BRADBURY COURT PLANO TX 75093 ARCHITECTURE/PROFESSIONAL SERVICES 122628 4 27882 27882 MANAGEMENT FEES 623000 2923763 2923763 2923763 581942 581942 5996 -5996 -5996 -5996 3527591 2923763 0 575946 780890 20151 760739 918601 23704 894897 73555 1898 71657 117308 3027 114281 56682 1463 55219 1077 28 1049 19869 513 19356 6290 162 6128 21606 558 21048 90845 2344 88501 26801 692 26109 111462 2876 108586 36796 950 35846 59380 1532 57848 41351 1067 40284 177529 4581 172948 LEASE PAYMENTS 91670 2366 89304 SUPPLIES 29140 752 28388 REPAIRS & MAINTENANCE 16778 433 16345 DUES & LICENSES 2516 65 2451 2680146 69162 2610984 0 520983 1060647 2009254 3528452 1945071 1289570 5253759 5453330 137105 125946 1757879 566798 1161840 1191081 997302 69508 -459 0 12024855 12718534 551511 317168 6077928 6126522 6629439 6443690 X 5299133 6178560 96283 96284 5395416 6274844 12024855 12718534 X 847445 14838 17145 X X 0 1 X 1 0 X 37130 31054 1031644 19796 27882 1147506 1995000 2241798 2409972 2688236 2923763 12258769 2032130 2272852 3441616 2708032 2951645 13406275 0 0 0 13406275 391 44925 48818 581942 676076 391 44925 48818 581942 676076 2032521 2272852 3486541 2756850 3533587 14082351 0.95200 0.97660 0.04800 0.00760 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1049032 1049032 79630 72246 7384 629217 494552 134665 1191081 X 3559574 14838 17145 31983 3527591 0 3527591 2680146 0 2680146 0 2680146 PART X, LINE 2: THE ORGANIZATION'S INCOME TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL, STATE, AND LOCAL AUTHORITIES. THE ORGANIZATION IS NOT AWARE OF ANY ACTIVITIES THAT WOULD JEOPARDIZE ITS TAX-EXEMPT STATUS. THE ORGANIZATION REPORTS ANY ACTIVITIES THAT ARE SUBJECT TO TAX ON UNRELATED BUSINESS INCOME OR EXCISE OR OTHER TAXES AND FILES ALL PROPER RETURNS RELATED TO THESE ACTIVITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF INTEREST RATE SWAPS 17,145. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 120000 0 0 0 0 0 0 120000 0 120000 1 0 1 0 0 0 FORM 990, SCHEDULE F, PART V NFP ASSURANCE GROUP LTD. IS INCORPORATED AS A WHOLLY-OWNED SUBSIDIARY OF MRC UNDER THE LAWS OF THE CAYMAN ISLANDS AND PROVIDES ALTERNATIVE RISK FINANCING TO MRC AND ITS AFFILIATED MINISTRIES. X X X 0 0 0 0 0 0 0 0 0 MR RONALD E JENNETTE PRESIDENT 284179 0 0 0 0 0 29035 0 18137 0 331351 0 0 0 MR CHARLES CHILDRESS COO 183217 0 0 0 0 0 8713 0 3551 0 195481 0 0 0 MR DON STEPHENS CFO/TREASURER 165931 0 0 0 0 0 8713 0 20072 0 194716 0 0 0 MR HAROLD ERMSHAR EXECUTIVE DIRECTOR 126102 0 0 0 0 0 6731 0 20410 0 153243 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE MANAGEMENT TEAM CURRENTLY REVIEWS ALL FORM 990S PRIOR TO FILING WITH THE IRS. THEY COMPARE THE RESULTS TO THE AUDITED FINANCIAL STATEMENTS AND REVIEW ALL DISCLOSURE INFORMATION. THE 990S ARE REVIEWED AND APPROVED BY THE AUDIT COMMITTEE OF THE BOARD AND ALSO MADE AVAILABLE TO THE ENTIRE BOARD PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REQUIRES SIGNED AFFIDAVIT IDENTIFYING CONFLICT OF INTEREST BY ANNUAL BOARD MEETING OF MRC EACH YEAR. FORM 990, PART VI, SECTION B, LINE 15 SALARY FOR THE CEO, EXECUTIVE DIRECTOR, OR TOP MANAGEMENT OFFICIAL IS SET BY THE MRC BOARD. IN DECIDING COMPENSATION OF OTHER OFFICERS OR KEY EMPLOYEES HUMAN RESOURCES COLLECTS COMPARABILITY DATA FROM INDUSTRY RESOURCES RELATED TO ALL INDUSTRY-RELATED POSITIONS. THIS IS SHARED WITH APPROPRIATE SUPERVISORS OR OTHERS IN APPROVAL PROCESS. VP OF HR COLLECTS COMPARABILITY DATA FROM INDUSTRY RESOURCES RELATED TO ALL INDUSTRY-RELATED POSITIONS. EACH LOCATION SUBMITS RECOMMENDATIONS WITHIN WAGE SCALE PARAMETERS TO CEO. CEO APPROVES WITHIN BOARD APPROVED BUDGETED GUIDELINES. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN FAIR VALUE OF INTEREST RATE SWAPS 17,145. FORM 990, PART XII, LINE 2C THE ORGANIZATION HAS A COMMITTEE WHICH ASSUMES RESPONSIBILITY FOR CHOOSING THE INDEPENDENT AUDITOR AND OVERSIGHT OF THE INDEPENDENT AUDIT. THIS PROCESS IS CONSISTENT WITH PRIOR YEARS. FORM 926, SUPPLEMENTAL INFORMATION REQUIRED TO BE REPORTED CONTINUATION: 1. TRANSFEROR. METHODIST RETIREMENT COMMUNITIES EIN: 74-1403088 ADDRESS: 1440 LAKE FRONT CIRCLE, STE. 110 THE WOODLANDS, TX 77380 2. TRANSFER. I. TRANSFEREE NFP ASSURANCE GROUP, LTD. EIN: 98-0405035 FOREIGN DOMICILE: CAYMAN ISLANDS II. TRANSFER. METHODIST RETIREMENT COMMUNITIES, A U.S. TAX-EXEMPT CORPORATION (THE "TRANSFEROR"), MADE DIRECT, INDIRECT AND/OR CONSTRUCTIVE TRANSFERS OF CASH DURING CALENDAR YEAR 2016 IN THE AMOUNT OF $3,356,791 IN U.S. DOLLARS (THE "TRANSFERS") TO NFP ASSURANCE GROUP, LTD., ITS WHOLLY-OWNED SUBSIDIARY FORMED IN THE CAYMAN ISLANDS (THE "TRANSFEREE"). THE COST BASIS IN THE CASH TRANSFERRED EQUALS THE FAIR MARKET VALUE. THE TRANSFERS REPRESENTED CAPITAL CONTRIBUTIONS BY THE TRANSFEROR TO THE TRANSFEREE PURSUANT TO CODE SECTION 351. 3. CONSIDERATION RECEIVED. THE TRANSFEREE DID NOT ISSUE ADDITIONAL SHARES TO THE TRANSFEROR IN EXCHANGE FOR THE CAPITAL CONTRIBUTIONS BECAUSE THE TRANSFEROR IS THE SOLE SHAREHOLDER OF THE TRANSFEREE AND THE ISSUANCE OF ADDITIONAL SHARES WOULD HAVE BEEN MEANINGLESS GESTURES ACCORDING TO FEDERAL TAX PRINCIPLES. 4. PROPERTY TRANSFERRED. I. ACTIVE BUSINESS PROPERTY. THE TRANSFEROR MADE DIRECT, INDIRECT AND/OR CONSTRUCTIVE TRANSFERS OF CASH IN THE AMOUNT OF $3,356,791, IN U.S. DOLLARS TO THE TRANSFEREE IN CONNECTION WITH AN ALTERNATIVE RISK FINANCING ARRANGEMENT. THE COST BASIS IN THE CASH EQUALS THE FAIR MARKET VALUE. II. STOCK OR SECURITIES. NOT APPLICABLE III. DEPRECIATED PROPERTY. NOT APPLICABLE IV. PROPERTY TO BE LEASED. NOT APPLICABLE V. PROPERTY TO BE SOLD. NOT APPLICABLE VI. TRANSFERS TO FSCS. NOT APPLICABLE VII. TAINTED PROPERTY. A. INVENTORY, ETC. PROPERTY DESCRIBED IN 1.367(A)-5T(B). NOT APPLICABLE B. INSTALLMENT OBLIGATIONS, ETC. PROPERTY DESCRIBED IN 1.367(A)-5T(C). NOT APPLICABLE C. FOREIGN CURRENCY, ETC. PROPERTY DESCRIBED IN 1.367(A)-5T(D). NOT APPLICABLE D. INTANGIBLE PROPERTY. PROPERTY DESCRIBED IN 1.367(A)-5T(E). NOT APPLICABLE E. LEASED PROPERTY. PROPERTY DESCRIBED IN 1.367(A)-4T(F). NOT APPLICABLE VIII. FOREIGN LOSS BRANCH. NOT APPLICABLE IX. OTHER INTANGIBLES. NOT APPLICABLE 5. TRANSFER OF FOREIGN BRANCH WITH PREVIOUSLY DEDUCTED LOSSES. I. BRANCH OPERATION. NOT APPLICABLE II. BRANCH PROPERTY. NOT APPLICABLE III. PREVIOUSLY DEDUCTED LOSSES. NOT APPLICABLE IV. CHARACTER OF GAIN. NOT APPLICABLE 6. APPLICATION OF SECTION 367(A)(5). NOT APPLICABLE METHODIST RETIREMENT COMMUNITIES GROUP RETURN 1440 LAKE FRONT CIRCLE STE 110 THE WOODLANDS TX 77380 384022302 PROVIDING HOUSING FOR ELDERLY & HANDICAPPED INDIVIDUALS TX 501(C)(3) LINE 10 METHODIST RETIREMENT COMMUNITIES 1 MRC CRESTVIEW PLACE 2503 E VILLA MARIA ROAD BRYAN TX 77802 742989751 PROVIDING HOUSING FOR ELDERLY & HANDICAPPED INDIVIDUALS TX 501(C)(3) LINE 10 METHODIST RETIREMENT COMMUNITIES 1 MRC CRESTVIEW TERRACE 2501 E VILLA MARIA ROAD BRYAN TX 77802 760669542 PROVIDING HOUSING FOR ELDERLY & HANDICAPPED INDIVIDUALS TX 501(C)(3) LINE 10 METHODIST RETIREMENT COMMUNITIES 1 CRESTVIEW UNITY 2507 E VILLA MARIA ROAD BRYAN TX 77802 760697463 PROVIDING HOUSING FOR ELDERLY & HANDICAPPED INDIVIDUALS TX 501(C)(3) LINE 10 METHODIST RETIREMENT COMMUNITIES 1 MRC PINECREST 1302 TOM TEMPLE DRIVE LUFKIN TX 75904 760347078 PROVIDING HOUSING FOR ELDERLY & HANDICAPPED INDIVIDUALS TX 501(C)(3) LINE 10 METHODIST RETIREMENT COMMUNITIES 1 MRC CORNERSTONE 4100 MOORES LANE TEXARKANA TX 75504 760454486 PROVIDING HOUSING FOR ELDERLY & HANDICAPPED INDIVIDUALS TX 501(C)(3) LINE 10 METHODIST RETIREMENT COMMUNITIES 1 HAPPY HARBOR SENIOR HOUSING 900 PARKWAY LA PORTE TX 77571 760674922 PROVIDING HOUSING FOR ELDERLY & HANDICAPPED INDIVIDUALS TX 501(C)(3) LINE 10 METHODIST RETIREMENT COMMUNITIES 1 BAYVIEW SENIOR HOUSING 1111 BAYSHORE DRIVE LA PORTE TX 77571 208289146 PROVIDING HOUSING FOR ELDERLY & HANDICAPPED INDIVIDUALS TX 501(C)(3) LINE 10 METHODIST RETIREMENT COMMUNITIES 1 MRC TOWNCREEK 1115 AVENUE O HUNTSVILLE TX 77340 760668992 PROVIDING HOUSING FOR ELDERLY & HANDICAPPED INDIVIDUALS TX 501(C)(3) LINE 10 METHODIST RETIREMENT COMMUNITIES 1 THE PINECREST RETIREMENT TRUST 1440 LAKE FRONT CIRCLE STE 110 THE WOODLANDS TX 77380 752802726 PROVIDING HOUSING FOR ELDERLY & HANDICAPPED INDIVIDUALS TX 501(C)(3) LINE 12A, I METHODIST RETIREMENT COMMUNITIES 1 MRC CRESTVIEW 2507 E VILLA MARIA ROAD BRYAN TX 77802 760520414 PROVIDING HOUSING FOR ELDERLY & HANDICAPPED INDIVIDUALS TX 501(C)(3) LINE 10 METHODIST RETIREMENT COMMUNITIES 1 HAPPY HARBOR METHODIST HOME INC 1106 BAYSHORE DRIVE LA PORTE TX 77571 746078737 PROVIDING HOUSING FOR ELDERLY & HANDICAPPED INDIVIDUALS TX 501(C)(3) LINE 10 METHODIST RETIREMENT COMMUNITIES 1 UNITED METHODIST SENIOR SERVICES FOUNDATION 1440 LAKE FRONT CIRCLE STE 110 THE WOODLANDS TX 77380 205992404 PROVIDING HOUSING FOR ELDERLY & HANDICAPPED INDIVIDUALS TX 501(C)(3) LINE 12A, I METHODIST RETIREMENT COMMUNITIES 1 ALDERSGATE TRUST 1440 LAKE FRONT CIRCLE STE 110 THE WOODLANDS TX 77380 766176219 PROVIDING HOUSING FOR ELDERLY & HANDICAPPED INDIVIDUALS TX 501(C)(3) LINE 12A, I METHODIST RETIREMENT COMMUNITIES 1 MRC SENIOR LIVING 1440 LAKE FRONT CIRCLE STE 110 THE WOODLANDS TX 77380 454198642 PROVIDING HOUSING FOR ELDERLY & HANDICAPPED INDIVIDUALS TX 501(C)(3) LINE 10 METHODIST RETIREMENT COMMUNITIES 1 NFP ASSURANCE GROUP PO BOX 1085 5TH FLOOR QUEENSGATE HO CJ 980405035 SELF-INSURANCE CJ METHODIST RETIREMENT COMMUNITIES C 400335 3777675 1.00000 1 0 1 1 1 1 1 0 0 0 0 1 1 0 0 0 0 1 0 0 MRC PINECREST D 2112943 FMV MRC PINECREST E 2535726 FMV NFP ASSURANCE GROUP LTD F 500000 FMV NFP ASSURANCE GROUP LTD K 91670 FMV MRC CRESTVIEW L 847200 FMV MRC TOWNCREEK L 389147 FMV MRC PINECREST L 747751 FMV MRC CORNERSTONE L 587074 FMV MRC CRESTVIEW Q 110295 FMV MRC TOWNCREEK Q 56895 FMV MRC PINECREST Q 84738 FMV MRC CORNERSTONE Q 73568 FMV MRC CORNERSTONE E 3633201 FMV MRC CORNERSTONE D 2688387 FMV HAPPY HARBOR METHODIST HOME D 652000 FMV MRC SENIOR LIVING Q 109067 FMV HAPPY HARBOR METHODIST HOME Q 826732 FMV HAPPY HARBOR METHODIST HOME L 214153 FMV