2015-08-14T13:33:32-05:00 2014-12-31 410746749 CLIFTONLARSONALLENLLP 5001 SPRING VALLEY ROAD SUITE 600W DALLAS TX 75244 990 2014-01-01 760347078 MRC PINECREST MRCP 2813632600 1440 LAKE FRONT CIRCLE NO 110 THE WOODLANDS TX 77380 DON STEPHENS CFO 2813632600 2015-08-13 1 MICHAEL SIEGEL P01587323 9723835700 2014 2016-04-25 22:37:26Z RON JENNETTE 1440 LAKE FRONT CIRCLE NO 110 THE WOODLANDS TX 77380 11367458 0 X WWW.MRCAFF.ORG X 1991 TX THE ORGANIZATION IS COMMITTED TO QUALITY LIVING FOR SENIOR ADULTS IN A FAITH-BASED ENVIRONMENT. 9 8 0 49 0 0 196694 161925 10704020 10968111 40009 31196 321302 206226 11262025 11367458 0 0 0 0 5035929 5158239 0 0 0 4978108 5037965 10014037 10196204 1247988 1171254 6518813 6169894 11051639 12508530 -4532826 -6338636 X THE ORGANIZATION IS COMMITTED TO QUALITY LIVING FOR SENIOR ADULTS IN A FAITH-BASED ENVIRONMENT. THE ORGANIZATION TAKES GREAT PRIDE IN BEING AN IMPORTANT PART OF THE BROADER, LOCAL COMMUNITY WHERE IT SERVES SENIORS AND PROVIDES LOCAL EMPLOYMENT IN MEETING ITS MISSION OF 0 0 7933809 10968111 THE ORGANIZATION PROVIDED NURSING ASSISTANCE AND HOUSING FOR ALL OF THE ELDERLY RESIDENTS THEY SERVE. AT THIS LOCATION, THIS IS ACCOMPLISHED THROUGH THE PROVISION OF SERVICES, PROGRAMS, ACTIVITIES, HOUSING AND CARE IN SEVERAL SETTINGS TO INCLUDE RESIDENTIAL AND ASSISTED LIVING APARTMENTS, SKILLED NURSING UNITS, REHABILITATION THERAPIES AND HOME HEALTH. 7933809 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 78 0 0 0 0 0 0 0 0 0 0 0 0 X 9 8 0 1 0 0 1 1 1 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 MRS CATHERINE S ROBERTS CHAIR 5.00 1.00 X X 0 0 0 MR WAYNE D HAGLUND VICE CHAIR 3.00 1.00 X X 0 0 0 MR RONALD E JENNETTE PRESIDENT 5.00 35.00 X X 0 270495 36366 MS ALYCE ANNE BAGGETT DIRECTOR 1.00 7.00 X 0 0 0 MR JACK DAVIS DIRECTOR 1.00 1.00 X 0 0 0 MR J PHILLIP FRIESEN DIRECTOR 1.00 1.00 X 0 0 0 MR DONALD L MUHLBACH DIRECTOR 1.00 1.00 X 0 0 0 MRS CATHRYN TODD DIRECTOR 1.00 1.00 X 0 0 0 REV JACK A WOMACK DIRECTOR 1.00 23.00 X 0 0 0 MS SHARI PALACIOS SECRETARY 5.00 35.00 X 0 38668 0 MS CAROL CHMIELEWSKI TREASURER 5.00 35.00 X 0 60205 0 MR BRADLEY STEWART VP FINANCE/CFO 0.00 40.00 X 0 184461 2850 MRS ALYSSA ADAM VP MARKETING 0.00 40.00 X 0 109083 11208 MR CHARLES CHILDRESS VP 0.00 40.00 X 0 152367 10642 MR MATTHEW CURRIE EXECUTIVE DIRECTOR 0.00 40.00 X 0 118619 8229 MR HAROLD ERMSHAR INTERIM EXECUTIVE DIRECTOR 0.00 40.00 X 0 126324 10503 MRS AMY THOMAS EXECUTIVE DIRECTOR 5.00 35.00 X 0 111532 16997 0 1171754 96795 0 0 1 0 J E KINGHAM PO BOX 630632 NACOGDOCHES TX 75963 BUILDING REPAIRS 1577694 MELVIN BRYAN 237 BOONWOOD HUNTINGTON TX 75949 BUILDING REPAIRS 583066 QUALITY CARE REHAB 8477 S SUNCOAST BLVD HOMOSASSA FL 34446 REHAB THERAPY 398971 SELECT REHABILITATION INC PO BOX 809056 CHICAGO IL 60680 REHAB THERAPY 221308 JAMES HILLIARD & SONS LANDSCAPING PO BOX 151135 LUFKIN TX 75915 LANDSCAPING 107994 6 161925 161925 NURSING 623000 6287088 6287088 RESIDENTIAL 623000 4074761 4074761 ENTRANCE FEE AMORTIZATION 623990 606262 606262 10968111 30854 30854 342 0 342 342 342 BEAUTY & BARBER SHOP 812900 76763 76763 GIFT SHOP & MARKET 453220 38960 38960 OTHER REVENUE 900099 36407 36407 54096 54096 206226 11367458 10968111 0 237422 4731793 3681873 1049920 40693 31664 9029 385753 300160 85593 638604 496907 141697 165 128 37 27294 21238 6056 86848 67578 19270 168951 131463 37488 43439 33800 9639 105442 82046 23396 858554 668053 190501 20359 15842 4517 784 610 174 887253 690384 196869 HEALTHCARE 870205 677119 193086 FOOD & ENTERTAINMENT 708372 551194 157178 VEHICLE & MAINTENANCE 344943 268405 76538 OTHER 176041 136980 39061 100711 78365 22346 10196204 7933809 2262395 0 4095878 3325625 394938 415523 133572 126378 34841 16494 1179022 1211295 680562 1074579 6518813 6169894 637141 704512 10414498 11804018 11051639 12508530 X -4532826 -6338636 -4532826 -6338636 6518813 6169894 X 1171254 41909 626442 -3645415 X X 0 1 X 1 0 X 126001 42636 148947 196694 161925 676203 10885294 11150946 10497018 10704020 10968111 54205389 11011295 11193582 10645965 10900714 11130036 54881592 0 0 0 54881592 53476 50821 42773 33009 30854 210933 53476 50821 42773 33009 30854 210933 274363 1269932 631242 321302 206568 2703407 11339134 12514335 11319980 11255025 11367458 57795932 0.94960 0.96300 0.00360 0.00470 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: BEAUTY BARBER SHOP OTHER PERSONAL SERVICES REVENUE - 2010 AMOUNT: $ 274,363. 2011 AMOUNT: $ 1,269,932. 2012 AMOUNT: $ 631,242. 2013 AMOUNT: $ 321,302. 2014 AMOUNT: $ 206,568. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 MORTGAGE ESCROW DEPOSITS 345580 SECURITY DEPOSITS 7201 NOTES RECEIVABLE 624825 DEFERRED FINANCING COST 56888 DERIVATIVE INSTRUMENTS 40085 1074579 ROOM ESCROW & SECURITY DEPOSITS 9470944 UNAMORTIZED ENTRY FEES 2333074 11804018 X 11245770 41909 41909 11203861 163597 163597 11367458 11279646 1578656 1578656 9700990 495214 495214 10196204 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 156,505. UNCOLLECTIBLE ACCOUNTS 7,092. PART XII, LINE 2D - OTHER ADJUSTMENTS: DEPRECIATION ON BOOKS NOT ON RETURN 1,415,878. INTEREST ON BOOKS NOT ON RETURN 162,778. PART XII, LINE 4B - OTHER ADJUSTMENTS: LEASE PAYMENTS ON RETURN NOT BOOKS 488,122. UNCOLLECTIBLE ACCOUNTS 7,092. X X X X 1 0 0 0 0 0 0 0 0 MR RONALD E JENNETTE PRESIDENT 0 270495 0 0 0 0 0 22002 0 14364 0 306861 0 0 MR BRADLEY STEWART VP FINANCE/CFO 0 184461 0 0 0 0 0 0 0 2850 0 187311 0 0 MR CHARLES CHILDRESS VP 0 152367 0 0 0 0 0 7604 0 3038 0 163009 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 I, LINE 1 THE ORGANIZATION TAKES GREAT PRIDE IN BEING AN IMPORTANT PART OF THE BROADER, LOCAL COMMUNITY WHERE IT SERVES SENIORS AND PROVIDES LOCAL EMPLOYMENT IN MEETING ITS 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 ORGANIZATION OPENLY ACCEPTS PERSONS OF ALL FAITHS AND BELIEFS; WITH NO DISCRIMINATION TOWARD RESIDENTS, STAFF, BOARD MEMBERS, VOLUNTEERS, DONORS, VENDORS, ETC. THE ORGANIZATION ACCEPTS DONATIONS, TO ASSIST AND RETAIN RESIDENTS WHO RUN LOW ON FUNDS OR EVENTUALLY EVEN OUT OF MONEY THROUGH NO FAULT OF THEIR OWN. THE ORGANIZATION PROVIDES SERVICES, PROGRAMS, ACTIVITIES, CARE AND HOUSING TO SENIORS IN INDEPENDENT/ RESIDENTIAL LIVING APARTMENTS & PATIO HOMES, ASSISTED LIVING APARTMENTS, SPECIALTY MEMORY SUPPORT SUITES FOR THOSE WITH ALZHEIMER'S AND OTHER DEMENTIAS, AND SKILLED NURSING & REHABILITATION UNITS; WHILE ALSO OFFERING HOME HEALTH & OTHER HOME SERVICES. THE ORGANIZATION ACCEPTS MEDICARE PAYMENTS ALONG WITH PRIVATE PAY AND CERTAIN INSURANCE PLANS. THE ORGANIZATION ALSO OPENS ITS DOORS TO PERIODICALLY PROVIDE SPACE USE FOR OTHER LOCAL NONPROFITS, SUCH AS LIONS, ROTARY, CHAMBER, ETC. FORM 990, PART III, LINE 4A FORM 990, PART III, LINE 1 CONTINUATION: 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 ORGANIZATION OPENLY ACCEPTS PERSONS OF ALL FAITHS AND BELIEFS; WITH NO DISCRIMINATION TOWARD RESIDENTS, STAFF, BOARD MEMBERS, VOLUNTEERS, DONORS, VENDORS, ETC. THE ORGANIZATION ACCEPTS DONATIONS, TO ASSIST AND RETAIN RESIDENTS WHO RUN LOW ON FUNDS OR EVENTUALLY EVEN OUT OF MONEY THROUGH NO FAULT OF THEIR OWN. THE ORGANIZATION PROVIDES SERVICES, PROGRAMS, ACTIVITIES, CARE AND HOUSING TO SENIORS IN INDEPENDENT/RESIDENTIAL LIVING APARTMENTS & PATIO HOMES, ASSISTED LIVING APARTMENTS, SPECIALTY MEMORY SUPPORT SUITES FOR THOSE WITH ALZHEIMER'S AND OTHER DEMENTIAS, AND SKILLED NURSING & REHABILITATION UNITS; WHILE ALSO OFFERING HOME HEALTH & OTHER HOME SERVICES. THE ORGANIZATION ACCEPTS MEDICARE PAYMENTS ALONG WITH PRIVATE PAY AND CERTAIN INSURANCE PLANS. THE ORGANIZATION ALSO OPENS ITS DOORS TO PERIODICALLY PROVIDE SPACE USE FOR OTHER LOCAL NONPROFITS, SUCH AS LIONS, ROTARY, CHAMBER, ETC. FORM 990, PART VI, SECTION A, LINE 3 THE MANAGEMENT COMPANY OF THIS ENTITY IS MRC, A RELATED ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 6 METHODIST RETIREMENT COMMUNITIES APPROVES APPOINTMENT OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7A METHODIST RETIREMENT COMMUNITIES, A RELATED ORGANIZATION, APPROVES APPOINTMENT OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B METHODIST RETIREMENT COMMUNITIES, A RELATED ORGANIZATION, HAS A RIGHT TO APPROVE OR REJECT ANY DECISIONS MADE BY THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11 THE MANAGEMENT TEAM CURRENTLY REVIEWS ALL FORM 990'S 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 COMPARALIBITY 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: LEASE PAYMENTS AND CAPITAL ADDITIONS PAID TO LANDLORD ON RETURN -3,645,415. 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 990, PART IX, LINE 16 THE ORGANIZATION LEASES THE PROPERTY FROM A RELATED PARTY. LEASE PAYMENTS ARE EQUAL TO DEBT SERVICE PAYMENTS AND OUTSTANDING DEBT ENCUMBERED BY THE LEASED PROPERTY. LEASE PAYMENTS ARE INCLUDED HERE. METHODIST RETIREMENT COMMUNITIES 1440 LAKE FRONT CIRCLE STE 110 THE WOODLANDS TX 77380 741403088 PROVIDE HOUSING FOR ELDERLY & HANDICAPPED INDIVIDUALS TX 501(C)(3) LINE 9 METHODIST RETIREMENT COMMUNITIES 0 MRC CRESTVIEW 2503 E VILLA MARIA ROAD BRYAN TX 77802 760520414 PROVIDE HOUSING FOR ELDERLY & HANDICAPPED INDIVIDUALS TX 501(C)(3) LINE 9 METHODIST RETIREMENT COMMUNITIES 0 MRC CORNERSTONE 4100 MOORES LANE TEXARKANA TX 75503 760454486 PROVIDE HOUSING FOR ELDERLY & HANDICAPPED INDIVIDUALS TX 501(C)(3) LINE 9 METHODIST RETIREMENT COMMUNITIES 0 HAPPY HARBOR METHODIST HOME INC 1106 BAYSHORE DRIVE LA PORTE TX 77571 746078737 PROVIDE HOUSING FOR ELDERLY & HANDICAPPED INDIVIDUALS TX 501(C)(3) LINE 9 METHODIST RETIREMENT COMMUNITIES 0 HAPPY HARBOR SENIOR HOUSING 900 PARKWAY LA PORTE TX 77571 760674922 PROVIDE HOUSING FOR ELDERLY & HANDICAPPED INDIVIDUALS TX 501(C)(3) LINE 9 METHODIST RETIREMENT COMMUNITIES 0 MRC CRESTVIEW PLACE 2503 E VILLA MARIA ROAD BRYAN TX 77802 742989751 PROVIDE HOUSING FOR ELDERLY & HANDICAPPED INDIVIDUALS TX 501(C)(3) LINE 9 METHODIST RETIREMENT COMMUNITIES 0 MRC TOWN CREEK 1115 AVENUE O HUNTSVILLE TX 77340 760668992 PROVIDE HOUSING FOR ELDERLY & HANDICAPPED INDIVIDUALS TX 501(C)(3) LINE 9 METHODIST RETIREMENT COMMUNITIES 0 CRESTVIEW UNITY 2507 E VILLA MARIA ROAD BRYAN TX 77802 760697463 PROVIDE HOUSING FOR ELDERLY & HANDICAPPED INDIVIDUALS TX 501(C)(3) LINE 9 METHODIST RETIREMENT COMMUNITIES 0 THE PINECREST RETIREMENT TRUST 1440 LAKE FRONT CIRCLE STE 110 THE WOODLANDS TX 77380 752802726 PROVIDE HOUSING FOR ELDERLY & HANDICAPPED INDIVIDUALS TX 501(C)(3) LINE 11A, I METHODIST RETIREMENT COMMUNITIES 0 MOODY HOUSE 2228 SEAWALL BOULEVARD GALVESTON TX 77550 205356292 PROVIDE HOUSING FOR ELDERLY & HANDICAPPED INDIVIDUALS TX 501(C)(3) LINE 9 METHODIST RETIREMENT COMMUNITIES 0 BAYVIEW SENIOR HOUSING 1111 BAYSHORE DRIVE LA PORTE TX 77571 208289146 PROVIDE HOUSING FOR ELDERLY & HANDICAPPED INDIVIDUALS TX 501(C)(3) LINE 9 METHODIST RETIREMENT COMMUNITIES 0 MRC CRESTVIEW TERRACE 2501 E VILLA MARIA ROAD BRYAN TX 77802 760669542 PROVIDE HOUSING FOR ELDERLY & HANDICAPPED INDIVIDUALS TX 501(C)(3) LINE 9 METHODIST RETIREMENT COMMUNITIES 0 UNITED METHODIST SENIOR SERVICES FOUNDATION 1440 LAKE FRONT CIRCLE STE 110 THE WOODLANDS TX 77380 205992404 PROVIDE HOUSING FOR ELDERLY & HANDICAPPED INDIVIDUALS TX 501(C)(3) LINE 11A, I METHODIST RETIREMENT COMMUNITIES 0 ALDERSGATE TRUST 1440 LAKE FRONT CIRCLE STE 110 THE WOODLANDS TX 77380 766176219 PROVIDE HOUSING FOR ELDERLY & HANDICAPPED INDIVIDUALS TX 501(C)(3) LINE 11A, I METHODIST RETIREMENT COMMUNITIES 0 MRC SENIOR LIVING AT CLEARLAKE 1440 LAKE FRONT CIRCLE STE 110 THE WOODLANDS TX 77380 454198642 PROVIDE HOUSING FOR ELDERLY & HANDICAPPED INDIVIDUALS TX 501(C)(3) LINE 9 METHODIST RETIREMENT COMMUNITIES 0 NFP ASSURANCE GROUP PO BOX 1085 5TH FLOOR QUEENSGATE HO CJ 980405035 CAPTIVE INSURANCE CJ N/A C 0 0 0 1 0 1 0 0 0 0 0 1 0 1 0 0 1 0 0 0