2015-08-14T13:29:52-05:00 2014-12-31 410746749 CLIFTONLARSONALLENLLP 5001 SPRING VALLEY ROAD SUITE 600W DALLAS TX 75244 990 2014-01-01 741403088 METHODIST RETIREMENT COMMUNITIES METH 2813632600 1440 LAKE FRONT CIRCLE NO 110 THE WOODLANDS TX 77380 DON STEPHENS CFO 2813632600 2015-08-13 1 MICHAEL SIEGEL P01587323 9723835700 2014 2016-03-07 17:11:31Z RON JENNETTE 1440 LAKE FRONT CIRCLE NO 110 THE WOODLANDS TX 77380 3487356 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. 15 14 1016 0 0 0 31054 1031644 2241798 2409972 13094 45740 0 0 2285946 3487356 0 0 0 0 1476206 1551451 0 0 0 778612 820069 2254818 2371520 31128 1115836 7724555 9602302 3885861 4647772 3838694 4954530 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 94955 2409972 THE ORGANIZATION'S EXEMPT PURPOSE IS TO BE THE CORPORATE AND ADMINISTRATIVE HEADQUARTERS FOR METHODIST RETIREMENT COMMUNITIES AND ITS AFFILIATED MINISTRIES. 94955 1 1 0 0 0 0 0 0 0 0 1 0 0 1 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 24 0 1016 1 0 0 0 0 0 0 0 0 0 0 X 15 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X RENEE SKILLERN 2812100127 1440 LAKE FRONT CIRCLE STE 110 THE WOODLANDS TX 77380 REV JACK A WOMACK CHAIR 5.00 20.00 X X 0 0 0 MRS KIMBERLY K DENNEY VICE CHAIR 1.00 3.00 X X 0 0 0 MR RONALD E JENNETTE PRESIDENT 5.00 35.00 X X 270495 0 36366 MR DONALD N MORRISS IMMEDIATE PAST CHAIR 1.00 13.00 X X 0 0 0 MS ALYCE ANNE BAGGETT DIRECTOR 1.00 7.00 X 0 0 0 MR SAM H BURRIS JR DIRECTOR 1.00 1.00 X 0 0 0 JUDGE JAMES M CARLOW DIRECTOR 1.00 7.00 X 0 0 0 MR TONY E DOUGHTIE DIRECTOR 1.00 7.00 X 0 0 0 MR JOHN C HICKS DIRECTOR 1.00 6.00 X 0 0 0 REV CONRELL J LOCKETT III DIRECTOR 1.00 1.00 X 0 0 0 DR CHARLES R MILLIKAN DIRECTOR 1.00 1.00 X 0 0 0 MR ROBERT E SHEPPARD DIRECTOR 1.00 2.00 X 0 0 0 MR MICHAEL H TAYLOR DIRECTOR 1.00 2.00 X 0 0 0 REV B T WILLIAMSON DIRECTOR 1.00 2.00 X 0 0 0 THOMAS R WUSSOW DIRECTOR 1.00 9.00 X 0 0 0 MS TRACEY BRANDLI SECRETARY 1.00 39.00 X 26133 0 0 MR BRADLEY STEWART VP/TREASURER 1.00 39.00 X 184461 0 2850 MRS ALYSSA ADAM VP MARKETING 0.00 40.00 X 109083 0 11208 MR CHUCK CHILDRESS EXEC VP OPERATIONS 0.00 40.00 X 152367 0 10642 MR MATTHEW CURRIE EXECUTIVE DIRECTOR 0.00 40.00 X 118619 0 8229 MR HAROLD ERMSHAR INTERIM EXECUTIVE DIRECTOR 0.00 40.00 X 126324 0 10503 MRS AMY THOMAS EXECUTIVE DIRECTOR 0.00 40.00 X 111532 0 16997 1099014 0 96795 7 0 1 0 CLIFTONLARSONALLEN 5001 SPRING VALLEY ROAD SUITE 600W DALLAS TX 75244 AUDIT & TAX SERVICES 224832 ALLIANT INSURANCE SERVICES HOUSTON 701 B STREET 6TH FLOOR SAN DIEGO CA 92101 INSURANCE 103653 2 1031644 1031644 MANAGEMENT FEES 623000 2409972 2409972 2409972 44925 44925 815 0 815 815 815 3487356 2409972 0 45740 481089 19263 461826 932999 37357 895642 18133 726 17407 24921 998 23923 94309 3776 90533 19617 785 18832 128238 5135 123103 13623 545 13078 7168 287 6881 67540 2704 64836 75818 3036 72782 25827 1034 24793 98125 3929 94196 28027 1122 26905 56398 2258 54140 38556 1544 37012 114045 4566 109479 LEASE PAYMENTS 77318 3096 74222 SUPPLIES 31215 1250 29965 OTHER EXPENSES 18671 748 17923 REPAIRS & MAINTENANCE 14703 589 14114 5180 207 4973 2371520 94955 2276565 0 462600 1599938 1072441 313532 2810573 3294330 167027 151746 1665758 500567 1193281 1165191 2018633 3077565 7724555 9602302 234285 218343 3651576 4429429 3885861 4647772 X 3742411 4858247 96283 96283 3838694 4954530 7724555 9602302 1115836 0 X X 0 1 X 1 0 X 1086789 65052 37130 31054 1031644 2251669 1823488 1868094 1995000 2241798 2409972 10338352 2910277 1933146 2032130 2272852 3441616 12590021 0 0 0 12590021 2209 1991 391 44925 49516 2209 1991 391 44925 49516 200315 200315 2912486 2135452 2032521 2272852 3486541 12839852 0.98050 0.98180 0.00390 0.00130 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1049032 1049032 79630 61211 18419 537096 439356 97740 1165191 AWUL 3013539 DEFERRED FINANCING COSTS 33082 DERIVATIVE INSTRUMENTS 307 WORK IN PROGRESS 30637 3077565 X 2487356 0 2487356 1000000 1000000 3487356 2371520 0 2371520 0 2371520 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. THE INFORMATION TAX RETURNS FOR THE YEARS 2011 TO 2014 ARE OPEN TO EXAMINATION BY FEDERAL, STATE, AND LOCAL AUTHORITIES. PART XI, LINE 4B - OTHER ADJUSTMENTS: EQUITY TRANSFERS PER F/S SHOWN AS CONTRIBUTIONS PER RETURN 1,000,000. CENTRAL AMERICA AND THE CARIBBEAN 0 1 INVESTMENTS 2090647 0 1 0 0 0 1 2090647 0 2090647 0 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 PROFESSIONAL AND GENERAL LIABILITY COVERAGE TO MRC AND ITS AFFILIATED MINISTRIES. X X X X 1 0 0 0 0 0 0 0 0 MR RONALD E JENNETTE PRESIDENT 270495 0 0 0 0 0 22002 0 14364 0 306861 0 0 0 MR BRADLEY STEWART VP/TREASURER 184461 0 0 0 0 0 0 0 2850 0 187311 0 0 0 MR CHUCK CHILDRESS EXEC VP OPERATIONS 152367 0 0 0 0 0 7604 0 3038 0 163009 0 0 0 PART I, LINE 4A BRADLEY STEWART'S EMPLOYMENT WAS TERMINATED IN OCTOBER OF 2014. HE CONTINUED TO RECEIVE COMPENSATION FOR UP TO 6 MONTHS IN THE AMOUNT OF $58,674. FORM 990, PART VI, SECTION B, LINE 11 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 990 IS MADE AVAILABLE TO THE BOARD FOR THEIR REVIEW. 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 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. 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