2011-08-15T14:09:37-05:00 2010-12-31 LarsonAllen LLP 2301 N Greenville Avenue Suite 150 Richardson TX 75082 990 2010-01-01 760520414 MRC Crestview MRCC 2813632600 1440 Lake Front Circle No 110 The Woodlands TX 77380 Brad Stewart 2813632600 2011-08-11 1 Troy Langsdale 9726443167 2010 2016-02-24 21:20:13Z Ron Jennette 1440 Lake Front Circle No 110 The Woodlands TX 77380 5240392 0 X www.mrcaff.org X 1996 TX The organization's mission commits it to providing quality living for senior adults in a Christian environment. The organization envisions meeting the evolving needs of current as well as future residents. The organization takes pride in being an important part of the local community as it serves seniors and provides employment to meet its mission of service ministry to senior adults. While its core values tie to its covenant affiliation with the Texas Annual Conference of United Methodists, the organization openly accepts persons of all faiths as residents, staff, board members, volunteers, etc. with no discrimination. The organization also participates and accepts payment through the Medicare and Medicaid programs as well as private pay and certain insurance plans. The organization solicits donations to assist and retain residents who run low on funds or eventually even out of money through no fault of their own. 9 8 0 60 0 0 98600 44878 4760489 5089317 21565 14578 106658 91619 4987312 5240392 1147560 6657299 0 0 2364653 2444764 0 0 95297 2169261 2320140 5681474 11422203 -694162 -6181811 2559619 25795234 1461641 30882258 1097978 -5087024 X The organization's mission commits it to providing quality living for senior adults in a Christian environment. The organization envisions meeting the evolving needs of current as well as future residents. The organization takes pride in being an important part of the local community as it serves seniors and provides employment to meet its mission of service ministry to senior adults. While its core values tie to its covenant affiliation with the Texas Annual Conference of United Methodists, the organization openly accepts persons of all faiths as residents, staff, board members, volunteers, etc. with no discrimination. The organization also participates and accepts payment through the Medicare and Medicaid programs as well as private pay and certain insurance plans. The organization solicits donations to assist and retain residents who run low on funds or eventually even out of money through no fault of their own. 0 0 10945713 5089317 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. 10945713 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 17 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 Bradley Stewart 2813632600 1440 Lake Front Circle Ste 110 The Woodlands TX 77380 Ms Reba C Ragsdale 1.00 X X 0 0 0 Ms Anita R Hoelscher 1.00 X X 0 0 0 Mr Ronald E Jennette 5.00 X X 0 213219 0 Ms Donna Williams 5.00 X X 0 4812 0 Mr Brad Stewart 5.00 X X 0 155279 0 Ms Renee Stavroff 5.00 X X 0 66586 0 Mr Matthew Currie 40.00 X 0 94824 0 Rev Bill K Armstrong 1.00 X 0 0 0 Mr William R Bridwell 1.00 X 0 0 0 Dr Patricia K Guseman 1.00 X 0 0 0 Mr David Hackethorn 1.00 X 0 0 0 Mr Joe G Hanover 1.00 X 0 0 0 Mr Donald N Moriss 1.00 X 0 0 0 Ms Donna J Adam 1.00 X 0 0 0 0 534720 0 0 0 1 0 The Summit Health & Rehab Services PO Box 579 Summit MS 39666 Rehabilitation Services 307563 Ben E Keith PO Box 901001 Fort Worth TX 76101 Food Service 245725 2 44878 44878 Nursing 623000 4708340 4708340 Residential 623000 380977 380977 5089317 14578 14578 Ancillary Services 812900 91619 91619 91619 5240392 5089317 0 106197 6657299 6657299 2213903 1992513 177112 44278 27891 25102 2231 558 7037 6333 563 141 195933 176339 15675 3919 319554 287599 25564 6391 33236 29912 2659 665 49014 44113 3921 980 102726 92453 8218 2055 20007 18006 1601 400 14029 12626 1122 281 49431 44488 3954 989 203037 182733 16243 4061 9642 8678 771 193 465 419 37 9 436 392 35 9 340495 306445 27240 6810 Healthcare 400492 360443 32039 8010 Food & Entertainment 291770 262593 23342 5835 Outside Services 227630 204867 18210 4553 Supplies 104739 94266 8380 2093 Vehicle & Maintenance 71569 64412 5726 1431 81868 73682 6550 1636 11422203 10945713 381193 95297 366068 415289 1515429 20330413 344023 643220 88767 84293 40373 41828 13332 16012 191627 4264179 2559619 25795234 927172 2110465 494895 26922484 39574 1849309 1461641 30882258 X 1097978 -5087024 1097978 -5087024 2559619 25795234 X -6181811 -3191 X X 0 1 1 X 0 X 48880 57507 188255 98600 44878 438120 4143676 3896508 4144049 4760489 5089317 22034039 4192556 3954015 4332304 4859089 5134195 22472159 0 0 0 22472159 73341 68830 35976 21565 14578 214290 73341 68830 35976 21565 14578 214290 134784 107077 186560 106658 91619 626698 4400681 4129922 4554840 4987312 5240392 23313147 0.96390 0.95640 0.00920 0.01120 X 0 Deferred Marketing Costs 1101065 Security Deposits 1850306 Bond Funds 1312808 4264179 Deposits 1849309 1849309 5240392 11422203 -6181811 -3191 -3191 -6185002 5240392 0 5240392 0 5240392 4853719 88815 88815 4764904 6657299 6657299 11422203 Description of Uncertain Tax Positions Under FIN 48: Part X: 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 2007 to 2010 are open to examination by federal, state, and local authorities. Part XIII, Line 2d - Other Adjustments: Depreciation expense on books not on return 88,815. Part XIII, Line 4b - Other Adjustments: Lease Payments and Capital Additions Paid to Landlord on Return 6,657,299. 1 Aldersgate Trust 1440 Lake Front Circle Ste 110 The Woodlands TX 77380 6657299 Fair Market Value Fixed Asset MRC Crestview transferred to Aldersgate Trust fixed assets worth $6,657,299 X X 0 0 0 0 0 0 0 0 0 Mr Ronald E Jennette 0 213219 0 0 0 0 0 0 0 0 0 213219 0 0 Mr Brad Stewart 0 155279 0 0 0 0 0 0 0 0 0 155279 0 0 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 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. 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 5: Net unrealized losses on investments: -3,191. Form 990, Part XI, 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. Methodist Retirement Communities 1440 Lake Front Circle Ste 110 The Woodlands TX 77380 741403088 Providing 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 Providing 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 Providing 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 Providing housing for elderly & handicapped individuals TX 501(c)(3) Line 9 N/A 0 MRC Edgewater 2224 Seawall Boulevard Galveston TX 77550 760486730 Providing housing for elderly & handicapped individuals TX 501(c)(3) Line 9 N/A 0 Moody House 2228 Seawall Boulevard Galveston TX 77550 205356292 Providing housing for elderly & handicapped individuals TX 501(c)(3) Line 9 N/A 0 MRC Pinecrest 1302 Tom Temple Drive Lufkin TX 75904 760347078 Providing housing for elderly & handicapped individuals TX 501(c)(3) Line 9 N/A 0 MRC Cornerstone 4100 Moores Lane Texarkana TX 75503 760454486 Providing 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 Providing 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 Providing housing for elderly & handicapped individuals TX 501(c)(3) Line 9 N/A 0 MRC Towncreek 1115 Avenue O Huntsville TX 77340 760668992 Providing 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 Providing 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 Providing housing for elderly & handicapped individuals TX 501(c)(3) Line 11a, I N/A 0 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 11a, I N/A 0 Aldersgate Trust 1440 Lake Front Circle Ste 110 The Woodlands TX 77380 766176219 Providing housing for elderly & handicapped individuals TX 501(c)(3) Line 11a, I N/A 0 NFP Assurance Group 1440 Lake Front Circle Ste 110 The Woodlands TX 77380 980405035 Captive Insurance TX No C 0 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 Aldersgate Trust J 0 Fair Market Value Aldersgate Trust B 6657299 Fair Market Value