Civic Intelligence

Mccready Manor Inc

EIN 61-1221273 • 501(c)3 • Richmond, KY

Profile

Operation of congregate care home

300 Stocker DriveRichmond, KY 40475

standrewsretirement.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

76th percentile

0.43x

Higher debt load relative to assets than 76% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

69th percentile

0.37x

Higher debt load relative to revenue than 69% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

32nd percentile

-1.7%

Higher net margin than 32% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

16th percentile

-6.4%

Faster asset growth than 16% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

62nd percentile

14%

Faster revenue growth than 62% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Down

$4,970,914

Down $340,963 (-6.4%) from 2023

Liabilities

Down

$2,160,973

Down $238,908 (-10.0%) from 2023

Net Assets

Down

$2,809,941

Down $102,055 (-3.5%) from 2023

Revenue

Up

$5,850,013

Up $701,087 (+14%) from 2023

Expenses

Up

$5,952,068

Up $174,486 (+3.0%) from 2023

Net Income

Up

-$102,055

Up $526,601 (+84%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$8.0M$6.0M$4.0M$2.0M$0Assets 2011: $5,985,306Liabilities 2011: $3,744,717Net Assets 2011: $2,240,5892011Assets 2012: $6,677,680Liabilities 2012: $3,958,518Net Assets 2012: $2,719,1622012Assets 2013: $6,536,026Liabilities 2013: $3,537,345Net Assets 2013: $2,998,6812013Assets 2014: $6,218,559Liabilities 2014: $3,265,976Net Assets 2014: $2,952,5832014Assets 2015: $5,621,838Liabilities 2015: $2,814,783Net Assets 2015: $2,807,0552015Assets 2016: $5,131,634Liabilities 2016: $2,381,581Net Assets 2016: $2,750,0532016Assets 2017: $4,870,913Liabilities 2017: $2,133,959Net Assets 2017: $2,736,9542017Assets 2018: $4,694,770Liabilities 2018: $2,026,361Net Assets 2018: $2,668,4092018Assets 2019: $4,342,338Liabilities 2019: $1,882,091Net Assets 2019: $2,460,2472019Assets 2020: $4,884,488Liabilities 2020: $1,692,985Net Assets 2020: $3,191,5032020Assets 2021: $5,478,848Liabilities 2021: $1,649,386Net Assets 2021: $3,829,4622021Assets 2022: $5,986,827Liabilities 2022: $2,446,175Net Assets 2022: $3,540,6522022Assets 2023: $5,311,877Liabilities 2023: $2,399,881Net Assets 2023: $2,911,9962023Assets 2024: $4,970,914Liabilities 2024: $2,160,973Net Assets 2024: $2,809,9412024

Highlighted filing

2024

Assets$4,970,914
Liabilities$2,160,973
Net Assets$2,809,941

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $5,299,637Expenses 2011: $5,043,582Net Income 2011: $256,0552011Expenses 2012: $5,157,0362012Expenses 2013: $5,307,9812013Revenue 2014: $5,539,660Expenses 2014: $5,482,804Net Income 2014: $56,8562014Revenue 2015: $4,700,118Expenses 2015: $4,851,779Net Income 2015: -$151,6612015Revenue 2016: $4,264,305Expenses 2016: $4,349,539Net Income 2016: -$85,2342016Revenue 2017: $4,382,274Expenses 2017: $4,440,907Net Income 2017: -$58,6332017Revenue 2018: $4,260,656Expenses 2018: $4,373,983Net Income 2018: -$113,3272018Revenue 2019: $3,948,013Expenses 2019: $4,156,175Net Income 2019: -$208,1622019Revenue 2020: $5,337,788Expenses 2020: $4,606,532Net Income 2020: $731,2562020Revenue 2021: $5,544,639Expenses 2021: $4,906,680Net Income 2021: $637,9592021Revenue 2022: $5,229,906Expenses 2022: $5,518,716Net Income 2022: -$288,8102022Revenue 2023: $5,148,926Expenses 2023: $5,777,582Net Income 2023: -$628,6562023Revenue 2024: $5,850,013Expenses 2024: $5,952,068Net Income 2024: -$102,0552024

Highlighted filing

2024

Revenue$5,850,013
Expenses$5,952,068
Net Income-$102,055

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.97$2.16$2.81$5.85$5.95$0.10
2023Detailed filing. Detailed filing data is available for this year.$5.31$2.40$2.91$5.15$5.78$0.63
2022Detailed filing. Detailed filing data is available for this year.$5.99$2.45$3.54$5.23$5.52$0.29
2021Detailed filing. Detailed filing data is available for this year.$5.48$1.65$3.83$5.54$4.91$0.64
2020Detailed filing. Detailed filing data is available for this year.$4.88$1.69$3.19$5.34$4.61$0.73
2019Summary only. Only limited summary data is available for this year.$4.34$1.88$2.46$3.95$4.16$0.21
2018Detailed filing. Detailed filing data is available for this year.$4.69$2.03$2.67$4.26$4.37$0.11
2017Detailed filing. Detailed filing data is available for this year.$4.87$2.13$2.74$4.38$4.44$0.06
2016Summary only. Only limited summary data is available for this year.$5.13$2.38$2.75$4.26$4.35$0.09
2015Detailed filing. Detailed filing data is available for this year.$5.62$2.81$2.81$4.70$4.85$0.15
2014Detailed filing. Detailed filing data is available for this year.$6.22$3.27$2.95$5.54$5.48$0.06
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.54$3.54$3.00$5.31
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.68$3.96$2.72$5.16
2011Summary only. Only limited summary data is available for this year.$5.99$3.74$2.24$5.30$5.04$0.26
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 8, 2025
Return Version
2023v6.0
Gross Receipts
$5,850,013
Mission and Program Overview

Mission

Operation of congregate care home

This nonprofit, nonsectarian ministry is dedicated to faithfully following our lords example of inclusive compassion without regard to race, religion, or national origin. Each resident is a respected member of the mccready family, and the mccready staff is firmly committed to meeting their individual daily needs with loving concern and cheerful assistance.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,286,908$3,329,345▲ $42,437
Cash and Non-Interest-Bearing Accounts$536,396$518,940▼ $17,456
Intangible Assets$357,500$357,500→ $0
Accounts Receivable$186,165$318,558▲ $132,393
Pledges and Grants Receivable$687,765$310,449▼ $377,316
Prepaid Expenses and Deferred Charges$25,481$87,253▲ $61,772
Savings and Temporary Cash Investments$18,611$18,611→ $0
Inventories for Sale or Use$18,814$15,921▼ $2,893
Total Assets$5,311,877$4,970,914▼ $340,963
Other Assets Total$194,237$14,337▼ $179,900
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,056,149$814,367▼ $241,782
Other Liabilities$883,480$800,007▼ $83,473
Accounts Payable and Accrued Expenses$460,252$546,599▲ $86,347
Total Liabilities$2,399,881$2,160,973▼ $238,908
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,891,249$2,807,345▼ $83,904
Net Assets With Donor Restrictions$20,747$2,596▼ $18,151
Total Net Assets Fund Balance$2,911,996$2,809,941▼ $102,055
Total Liabilities and Net Assets / Fund Balance$5,311,877$4,970,914▼ $340,963

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,364,777$4,383,262$7,748,039
Equipment$-207,917$1,119,770$911,853
Land$172,485-$172,485
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Gilbert ShewCAOPT$77,120$6,391$83,511
Jennifer TolleyCAOPT$53,031$8,293$61,324
Pamela BrooksCAO TelfordFT$49,943$2,986$52,929

Board Members and Trustees

NameTitle
Mike ParkPresident
Andy ColleyBoard Member
Bob LillyBoard Member
Bob VickersBoard Member
John FergusonBoard Member
Marion Oogie OgdenBoard Member
Mary OusleyBoard Member
Michael BallardBoard Member
Richard SheltonBoard Member
Sue ChenaultBoard Member
Angela HardenCAO
Jackie VanceSecretary
Mike ReedTreasurer
Jim NeyVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$31,033
Program Service Revenue
$5,779,697
Investment Income
$39,283
Other Revenue
$0
All Other Contributions
$31,033
Change in Net Assets
$-102,055
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,482,268
Other Expenses$2,469,800
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,455,778$416,224-$2,872,002
Fees for Services Other$464,124$89,972-$554,096
Other Employee Benefits$378,884$51,287-$430,171
Insurance$259,012$25,316-$284,328
Depreciation Depletion$248,826--$248,826
Occupancy$207,133--$207,133
Current Officers, Directors, Trustees, and Key Employees$153,994$26,101-$180,095
All Other Expenses$80,165$54,630-$134,795
Interest$55,162$7,398-$62,560
Information Technology$57,921--$57,921
Other Expenses$57,822$6,257-$57,822
Office Expenses$31,638--$31,638
Advertising$21,371--$21,371
Total Functional Expenses$5,274,883$677,185$0$5,952,068
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Related Party Payable$742,198
Other$57,809
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The finance committee reviews a copy of the return and reports to the board.

Form 990, Page 6, Part VI, Line 12C

MONTHLY BOARD MEETINGS

Form 990, Page 6, Part VI, Line 15A

The personnel committee of the st. Andrews/mccready manor board of directors is responsible for reviewing and determining the compensation for the cao and director of nursing at telford terrace. The committee asks for a self-evaluation based on a list of 10 to 12 questions that is decided on by the committee. After it is reviewed, a recommendation to the board of any annual increase in salary is made. The committee can use face time with each of the salaried personnel to follow up on the self-evaluation.

Form 990, Page 6, Part VI, Line 15B

The personnel committee of the st. Andrews/mccready manor board of directors is responsible for reviewing and determining the compensation for the assistant administrator at mccready manor. The committee asks for a self-evaluation based on a list of 10 to 12 questions that is decided on by the committee. After it is reviewed, a recommendation to the board of any annual increase in salary is made. The committee can use face time with each of the salaried personnel to follow up on the self-evaluation.

Form 990, Page 6, Part VI, Line 19

Governing documents are available to the public upon request.

Form 990, Part VII

Jennifer tolley- was promoted to administrator for mccready june 2023. Gil shew -worked as administrator for both places jan-may 2023. Stayed until retirement in november 2023 as cao and to give guidance to new administrators. Came back in april 2024 when jennifer was ill and then passed away and remained until dec 2024 for help for angela. Angela harden had no w-2 for 2023. She was hired as administrator for mccready. Her first paycheck was 7/3/2024. She replaced jennifer in mid-june 2024 after jennifer's death in may 2024.

Filing and Contact Details

Filer

Filer Name
Mccready Manor Inc
EIN
61-1221273
Phone
8596251400
Address
300 STOCKER DRIVE, RICHMOND, KY 40475

Signing Officer

Name
Mike Park
Title
President
Phone
8596251400
Signed
2025-05-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mike Park
Formed
1992
Legal Domicile
Ky
Voting Board Members
13
Independent Board Members
13
Employees
175
Volunteers
250

Preparer

Firm
Baldwin Cpas Pllc
Address
713 W MAIN ST, RICHMOND, KY 40475-1351
Preparer
Myron D Fisher
Phone
8596269040
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

This nonprofit, nonsectarian ministry is dedicated to faithfully following our lords example of inclusive compassion without regard to race, religion, or national origin. Each resident is a respected member of the mccready family, and the mccready staff is firmly committed to meeting their individual daily needs with loving concern and cheerful assistance.

Form 990, Page 2, Part III, Line 4A

Mccready manor, inc. (the organization) provides residential rental units, food service and assisted living services to individuals and couples from a seventy-three unit complex, mccready manor. The organization also provides nursing care and therapy services to individuals from a fourty-two unit complex, telford terrace, in richmond, kentucky. Telford- had 77 admissions, began taking medicaid, and increased activities department to offer residents more social activities.facility updates including painting, a large screen tv in community room. Increased education programs for employees to help better serve our residents. Mccready - the building of a portico in the front of building to help residents with better access to front door for drop-offs and returns. Covered area helps during inclement weather. Renovation of 10 apartments with an ongoing renovation plan to update all apartments as they become vacant. Increased transportation services. Facility updates including painting, large screen tv in dining room, and bathroom renovations.

Financial Statement Notes

Schedule D, Page 3, Part X

The organization is a not-for-profit organization that is exempt from income taxes under section 501 (c)(3) of the internal revenue code, except on net income derived from unrelated business activities.the organization is classified by the internal revenue service as other than a private foundation and therefore has made no provision for income taxes. The organization has adopted asc 740-10 as it relates to uncertain tax positions. Any interest and penalties recognized associated with a tax position would be classified as current on the organizations combined financial statements.

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