2013-11-15T15:18:26-06:00 2012-12-31 410746749 CliftonLarsonAllenLLP 5001 Spring Valley Road Suite 600W Dallas TX 75244 990 2012-01-01 760347078 MRC Pinecrest MRCP 2813632600 1440 Lake Front Circle No 110 The Woodlands TX 77380 Rene Johnson 2813632600 2013-11-14 1 Troy Langsdale P00847944 9723835700 2012 2016-02-25 16:41:14Z Ron Jennette 1440 Lake Front Circle No 110 The Woodlands TX 77380 11324841 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 42636 148947 11150946 10497018 50821 47634 1269932 631242 12514335 11324841 0 0 0 0 5201140 5016677 0 0 0 4467051 4482815 9668191 9499492 2846144 1825349 3493724 5451673 7629965 9342350 -4136241 -3890677 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 7335457 10497018 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. 7335457 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 94 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 Rene Johnson 2813632600 1440 Lake Front Circle Ste 110 The Woodlands TX 77380 Mr Michael H Taylor 5.00 6.00 X X 0 0 0 Ms Catherine S Roberts 3.00 5.00 X X 0 0 0 Mr Ronald E Jennette 5.00 35.00 X X 0 228309 0 Mr J Phillip Friesen 1.00 1.00 X 0 0 0 Mr Donald N Morriss 1.00 14.00 X 0 0 0 Gen Orren R Whiddon 1.00 1.00 X 0 0 0 Ms Alyce Anne Baggett 1.00 2.00 X 0 0 0 Mr Wayne D Haglund 1.00 1.00 X 0 0 0 Mr Don Muhlback 1.00 1.00 X 0 0 0 Ms Shari Palacios 5.00 35.00 X 0 30715 0 Ms Carol Chmielewski 5.00 35.00 X 0 50252 0 Ms Renee Stavroff 1.00 39.00 X 0 66824 0 Mr Bradley Stewert 1.00 39.00 X 0 160158 0 Ms Amy Thomas 5.00 35.00 X 0 101410 0 Mr Chuck Childress 1.00 39.00 X 0 138160 0 0 775828 0 0 0 1 0 Melvin Bryan Builders 237 Boonwood Huntington TX 75949 Construction Service 582053 Select Rehabilitation Inc PO Box 809056 Chicago IL 60680 Therapy Services 408469 JE Kingham 312 Old Tyler Road Nacogdoches TX 75963 Construction Service 157470 Powells Discount Carpet PO Box 605 Huntington TX 75949 Carpet Supplier 119197 4 92554 56393 148947 Nursing 623000 6140937 6140937 Residential 623000 3442576 3442576 Entrance Fee Amortization 623990 913505 913505 10497018 42773 42773 4861 0 4861 4861 4861 Other Revenue 900099 271405 271405 Lease Payments 900099 204383 204383 Beauty & Barber Shop 812900 76642 76642 78812 78812 631242 11324841 10497018 0 678876 4608592 3558730 1049862 47412 36611 10801 360673 278510 82163 622666 480819 141847 5826 4499 1327 9519 7351 2168 93704 72358 21346 114498 88415 26083 70939 54779 16160 77221 59630 17591 406041 313543 92498 17334 13385 3949 637 492 145 968973 748236 220737 Healthcare 754518 582635 171883 Food & Entertainment 585268 451941 133327 Vehicle & Maintenance 411494 317753 93741 Other 234546 181114 53432 109631 84656 24975 9499492 7335457 2164035 0 1085770 2784621 411617 347800 135734 127584 3557 8947 1247970 1193377 609076 989344 3493724 5451673 928733 668694 6701232 8673656 7629965 9342350 X -4136241 -3890677 -4136241 -3890677 3493724 5451673 X 1825349 -50227 -1529558 X X 0 1 X 1 0 X 102728 193468 126001 42636 148947 613780 10566118 10713712 10885294 11150946 10497018 53813088 10668846 10907180 11011295 11193582 10645965 54426868 0 0 0 54426868 139701 83946 53476 50821 42773 370717 139701 83946 53476 50821 42773 370717 144608 162029 274363 431661 636103 1648764 10953155 11153155 11339134 11676064 11324841 56446349 0.96420 0.97010 0.00660 0.00920 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 Mortgage Escrow Deposits 345709 Security Deposits 10869 Notes Receivable 561274 Deferred Financing Cost 71492 989344 Refundable Fees 5158630 Room Escrow & Security Deposits 170935 Unamortized Entry Fees 3227435 Derivative Instrument Designated as a Cash Flow Hedge 116656 8673656 X 10977677 -50227 -50227 11027904 296937 296937 11324841 10843703 1344211 1344211 9499492 0 9499492 Description of Uncertain Tax Positions Under FIN 48: Part X, Line 2: The Project follows the accounting standards for contingencies in evaluating uncertain tax positions. The Project's income tax returns are subject to review and examination by federal, state, and local authorities. The Project is not aware of any activities that would jeopardize its tax-exempt status. The Project is not aware of any activities that are subject to tax on unrelated business income or excise or other taxes. The Project's 2009 through 2012 tax years are open to examination by the IRS. Part XI, Line 4b - Other Adjustments: Equity Transfer 92,554. Lease Payments on Return not Books 204,383. Part XII, Line 2d - Other Adjustments: Depreciation on Books Not on Return 1,165,945. Interest on Books Not on Return 178,266. X X X X 0 0 0 0 0 0 0 0 0 Mr Ronald E Jennette 0 228309 0 0 0 0 0 0 0 0 0 228309 0 0 Mr Bradley Stewert 0 160158 0 0 0 0 0 0 0 0 0 160158 0 0 Organization Mission Statement 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. Program Service Statement 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. Form 990, Part VI, Section C, line 19 Governing documents, conflict of interest policy, and financial statements are available upon request. Changes in Net Assets or Fund Balances: Form 990, Part XI, line 9: Lease Payments and Capital Additions Paid to Landlord on Return -1,529,558. 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 N/A 0 MRC Crestview 2503 E Villa Maria Road Bryan TX 77802 760520414 Provide housing for elderly & handicapped individuals TX 501(c)(3) Line 9 N/A 0 MRC Edgewater 2224 Seawall Boulevard Galveston TX 77550 760486730 Provide housing for elderly & handicapped individuals TX 501(c)(3) Line 9 N/A 0 MRC Cornerstone 4100 Moores Lane Texarkana TX 75503 760454486 Provide housing for elderly & handicapped individuals TX 501(c)(3) Line 9 N/A 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 N/A 0 Happy Harbor Senior Housing 900 Parkway La Porte TX 77571 760674922 Provide housing for elderly & handicapped individuals TX 501(c)(3) Line 9 N/A 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 N/A 0 MRC Town Creek 1115 Avenue O Huntsville TX 77340 760668992 Provide housing for elderly & handicapped individuals TX 501(c)(3) Line 9 N/A 0 Crestview Unity 2507 E Villa Maria Road Bryan TX 77802 760697463 Provide housing for elderly & handicapped individuals TX 501(c)(3) Line 9 N/A 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 N/A 0 Moody House 2228 Seawall Boulevard Galveston TX 77550 205356292 Provide housing for elderly & handicapped individuals TX 501(c)(3) Line 9 N/A 0 Bayview Senior Housing 1111 Bayshore Drive La Porte TX 77571 208289146 Provide housing for elderly & handicapped individuals TX 501(c)(3) Line 9 N/A 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 N/A 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 N/A 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 N/A 0 NFP Assurance Group PO Box 1085 5th Floor Queensgate Ho CJ 980405035 Captive Insurance CJ No C 0 0 1 1 0 1 0 0 0 0 0 1 0 1 0 0 1 0 0 0