Civic Intelligence

Greene County Retirement Systems Inc

990 • Fiscal year 2018 • EIN 64-0695672

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 13, 2019

P O Box 1567Tupelo, MS 38802

(662) 844-8977

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

95th percentile

1.28x

Higher debt load relative to assets than 95% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

93rd percentile

1.90x

Higher debt load relative to revenue than 93% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Net Margin

67th percentile

12%

Higher net margin than 67% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

99th percentile

$430,729

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 115.7% of source-year revenue.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Asset Growth

53rd percentile

2.4%

Faster asset growth than 53% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

73rd percentile

21%

Faster revenue growth than 73% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Assets

Up

$551,051

Up $13,046 (+2.4%) from 2017

Net Assets

Up

-$156,497

Up $43,230 (+22%) from 2017

Liabilities

Down

$707,548

Down $30,184 (-4.1%) from 2017

Revenue

Up

$372,194

Up $64,423 (+21%) from 2017

Expenses

Up

$328,964

Up $26,851 (+8.9%) from 2017

Net Income

Up

$43,230

Up $37,572 (+664%) from 2017

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.0M$500K$0-$500KAssets 2010: $579,771Liabilities 2010: $895,569Net Assets 2010: -$315,7982010Assets 2011: $579,376Liabilities 2011: $858,379Net Assets 2011: -$279,0032011Assets 2012: $593,316Liabilities 2012: $824,369Net Assets 2012: -$231,0532012Assets 2013: $540,378Liabilities 2013: $780,368Net Assets 2013: -$239,9902013Assets 2014: $532,838Liabilities 2014: $797,576Net Assets 2014: -$264,7382014Assets 2015: $544,326Liabilities 2015: $770,919Net Assets 2015: -$226,5932015Assets 2016: $515,171Liabilities 2016: $730,497Net Assets 2016: -$215,3262016Assets 2017: $538,005Liabilities 2017: $737,732Net Assets 2017: -$199,7272017Assets 2018: $551,051Liabilities 2018: $707,548Net Assets 2018: -$156,4972018Assets 2019: $591,929Liabilities 2019: $671,089Net Assets 2019: -$79,1602019Assets 2020: $568,927Liabilities 2020: $609,885Net Assets 2020: -$40,9582020Assets 2021: $555,002Liabilities 2021: $541,263Net Assets 2021: $13,7392021Assets 2022: $538,369Liabilities 2022: $466,361Net Assets 2022: $72,0082022Assets 2023: $554,551Liabilities 2023: $413,610Net Assets 2023: $140,9412023Assets 2024: $587,240Liabilities 2024: $351,730Net Assets 2024: $235,5102024

Highlighted filing

2018

Assets$551,051
Liabilities$707,548
Net Assets-$156,497

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KExpenses 2010: $283,0592010Expenses 2011: $296,6592011Expenses 2012: $301,8572012Revenue 2013: $280,190Expenses 2013: $289,127Net Income 2013: -$8,9372013Revenue 2014: $251,474Expenses 2014: $276,222Net Income 2014: -$24,7482014Revenue 2015: $333,831Expenses 2015: $295,686Net Income 2015: $38,1452015Revenue 2016: $306,512Expenses 2016: $295,245Net Income 2016: $11,2672016Revenue 2017: $307,771Expenses 2017: $302,113Net Income 2017: $5,6582017Revenue 2018: $372,194Expenses 2018: $328,964Net Income 2018: $43,2302018Revenue 2019: $404,429Expenses 2019: $327,093Net Income 2019: $77,3362019Revenue 2020: $387,246Expenses 2020: $349,044Net Income 2020: $38,2022020Revenue 2021: $390,360Expenses 2021: $335,663Net Income 2021: $54,6972021Revenue 2022: $426,323Expenses 2022: $368,054Net Income 2022: $58,2692022Revenue 2023: $446,171Expenses 2023: $377,636Net Income 2023: $68,5352023Revenue 2024: $472,197Expenses 2024: $377,628Net Income 2024: $94,5692024

Highlighted filing

2018

Revenue$372,194
Expenses$328,964
Net Income$43,230
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 13, 2019
Return Version
2018v3.1
Gross Receipts
$372,194
Mission and Program Overview

Mission

Greene county retirement systems, inc. Is dedicated to providing housing and personal care services to the elderly or disabled in the spirit of christian love.

Greene county retirement systems, inc.'s mission is to provide housing and personal care services to the elderly or disabled in the spirit of christian love.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$344,791$366,360▲ $21,569
Cash and Non-Interest-Bearing Accounts$1,239$9,705▲ $8,466
Prepaid Expenses and Deferred Charges$1,141$1,109▼ $32
Accounts Receivable$195$869▲ $674
Total Assets$538,005$551,051▲ $13,046
Other Assets Total$190,639$173,008▼ $17,631
Liabilities
Mortgage Notes Payable Secured by Investment Property$586,616$549,192▼ $37,424
Other Liabilities$133,684$137,280▲ $3,596
Accounts Payable and Accrued Expenses$17,432$21,076▲ $3,644
Total Liabilities$737,732$707,548▼ $30,184
Net Assets / Fund Balance
Unrestricted Net Assets$-199,727$-156,497▲ $43,230
Total Net Assets Fund Balance$-199,727$-156,497▲ $43,230
Total Liabilities and Net Assets / Fund Balance$538,005$551,051▲ $13,046

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$325,631$793,189$1,118,820
Equipment$22,332$92,585$114,917
Other Land Buildings$3,397$72,234$75,631
Land$15,000-$15,000
Other Assets Org$260--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Steve McalillyPresident/ceFT$430,729$430,729
Alan BrownVice Preside-$286,205$286,205
Christie VanceVP of Financ-$261,465$261,465
Jeanne CantinVP for Hr Be-$196,660$196,660
Anne-michelle DanielVP for Phila-$122,426$122,426
Catherine BradleyExecutive Di-$58,892$58,892

Board Members and Trustees

NameTitle
Lloyd GrayChairman
Shelley EubanksChairman
Steve McalillyPresident/CEO
G L DearmanVice-chairma
Alan BrownVice President
David AllenBoard Member
Freddie Cecil ZehnerBoard Member
Jimmy HolcombBoard Member
Nell GrayBoard Member
Steve SmithBoard Member
Victor ChathamBoard Member
Betty LeydeckerSecretary
Jeanne CantinVP for Hr Benefits
Christie VanceVP of Finance
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$369,827
Investment Income
$2,367
Other Revenue
$0
Change in Net Assets
$43,230

Audited Revenue Reconciliation

Revenue per Audited Statements
$372,194
Total Revenue per Audited Statements
$372,194
Total Revenue per Form 990
$372,194
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$230,690
Salaries, Compensation, and Employee Benefits$98,274
Total Fundraising Expense$653
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$100,685--$100,685
Other Salaries and Wages$28,056$48,739-$76,795
Depreciation Depletion$32,455--$32,455
Fees for Services Other$23,841$1,995-$25,836
Fees for Services Management-$21,362-$21,362
Office Expenses$10,795$5,336-$16,131
Other Employee Benefits-$15,768-$15,768
Insurance-$6,268-$6,268
Payroll Taxes$2,250$3,461-$5,711
Other Expenses$2,077$3,249-$5,326
Fees for Services Accounting-$4,836-$4,836
Travel-$4,804-$4,804
Information Technology-$729-$729
Advertising--$653$653
Conferences and Meetings-$517-$517
Total Functional Expenses$211,247$117,064$653$328,964

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$328,964
Total Expenses per Audited Statements$328,964
Total Expenses per Form 990$328,964
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
Due to Affiliate$126,931
RESIDENTS' REFUNDABLE DEPOSITS$10,349
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

The organization's parent organization, mississippi methodist senior services, inc., provides overall management services including operational management supervision, development and marketing, human resources management, legal and risk management services, and financial and accounting management, for which it is paid a management fee.

Form 990, Page 6, Part VI, Line 6

The corporation has one member, mississippi methodist senior services, inc. (mmss), a non-stock, nonprofit corporation, exempt from federal income taxation under section 501(c)(3) of the internal revenue code. The board of directors of mmss shall vote the membership interest of mmss in the corporation. In all meetings of the membership, the member, mmss, shall be entitled to one vote, which vote shall constitute the action of the membership. The board of directors of mmss, at any duly held meeting of directors, shall have the authority to vote the membership interest of mmss in the corporation.

Form 990, Page 6, Part VI, Line 7A

The corporation's nominating committee shall make recommendations to the mmss nominating committee for persons to serve on the corporation's board of directors. Nominations for persons to serve on the corporation's board of directors shall be made by the mmss nominating committee. Nominations may also be made by the membership. Any vacancy in the board of directors shall be filled for the unexpired term by the membership, in consultation with the corporation's board of directors.

Form 990, Page 6, Part VI, Line 7B

The board of directors of the corporation shall adopt, and keep current, a statement of the corporation's purpose and major policies which shall be forwarded to the mmss board of directors for approval and modification. In addition, the board of directors may have delegated to it or rescinded from it by the mmss board of directors some or all of the following duties, responsibilities, and powers: (a) make provision for quality residential, long-term health care commensurate with community needs and resources. (b) recommend and implement board approved changes in bylaws, policies and procedures, for the operation of the corporation's facilities and services. (c) provide for the preparation of an annual operating and a three-year capital budget to be approved by the mmss board of directors and regularly review financial budget performance. (d) work cooperatively with local churches, social welfare and civic agencies, and the community at large to address the problems of the aging. (e) provide for the development, review and updating of long-range plan relating to needs of the elderly within the area of service. (f) adopt and implement a community relations and development program compatible with local needs and resources to broaden the local support and financial base of the corporation. (g) submit to the mmss board of directors such recommendations and comments as are appropriate regarding the corporation, in support of quality services for the elderly in the local community. (h) participate in the process of selection, review and retention of the executive director. (i) work cooperatively with mmss and its other affiliates, sharing responsibility for the welfare of the whole.

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

The form 990 and supporting schedules will be posted to the mississippi methodist senior services, inc. Intra-net and made available to all board members for review. Mmss also reviews one form 990 at one audit committee meeting each year.

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

A form is completed annually by officers, directors or trustees, and key employees that discloses interests that could give rise to conflicts. These forms are then reviewed by a compliance officer.

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

The organizattion does not compensate any officers or employees. All compensation is paid by the organization's parent, mississippi methodist senior services, inc.

Form 990, Page 6, Part VI, Line 19

UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Greene County Retirement Systems
EIN
64-0695672
Phone
6628448977
Address
P O BOX 1567, TUPELO, MS 38802

Signing Officer

Name
Christie Vance
Title
VP of Finance
Phone
6628448977
Signed
2019-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Steve Mcalilly
Formed
1983
Legal Domicile
Ms
Voting Board Members
13
Independent Board Members
10
Employees
0
Volunteers
75

Preparer

Firm
Watkins Ward and Stafford Pllc
Address
PO BOX 311, EUPORA, MS 39744
Preparer
Anita C Goodrum CPA
Phone
6622582331
Supplemental Narrative

Additional Explanations

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

Surrounded by the beauty of nature, turner-memorial retirement village enables residents to combine their goals of living independently in the country and enjoy the security of having neighbors nearby. The atmosphere found at turner-memorial is most often described as "family", since residents come to share common hopes and interests and turn to each other and the staff for genuine care and fellowship. Even though time to spend with friends is abundant, the privacy of your own apartment is always available. Turner-memorial is an intimate community of thirty apartment homes for persons 62 and older whose income, handicap or disability qualifies them for residency. Turner-memorial's staff strives every day to live out the mission to serve older adults in the spirit of christian love. Turner-memorial believes that if it cares about the elders, they will pass the attitude along to each other. Turner-memorial provides both studio and one-bedroom apartments, with three specifically suited for handicapped residents. Each apartment includes complete kitchen, private bath, storage space, and personal patio/garden. Turner-memorial staff provides security and an ample variety of activities and special events including worship and study opportunities, local clergy leadership, monthly birthday parties, crafts, exercise programs, and sing-a-longs. A transportation program is also available for anyone in greene county 60 yers of age and older that qualify through a screening process. The transportation is provided for shopping, doctor appointments, and other related activities.

Form 990, Part XI, Line 9

Designated gifts transferred 0

Financial Statement Notes

Schedule D, Page 3, Part X

Management has evaluated the company's income tax positions under the guidance included in asc 740. Based on their review, management has not identified any material uncertain tax positions to be recorded or disclosed in the financial statements.

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IRS990/Desc0SURROUNDED BY THE BEAUTY OF NATURE, TURNER-MEMORIAL RETIREMENT VILLAGE ENABLES RESIDENTS TO COMBINE THEIR GOALS OF LIVING INDEPENDENTLY IN THE COUNTRY AND ENJOY THE SECURITY OF HAVING NEIGHBORS NEARBY. THE ATMOSPHERE FOUND AT TURNER-MEMORIAL IS MOST OFTEN DESCRIBED AS "FAMILY", SINCE RESIDENTS COME TO SHARE COMMON HOPES AND INTERESTS AND TURN TO EACH OTHER AND THE STAFF FOR GENUINE CARE AND FELLOWSHIP. EVEN THOUGH TIME TO SPEND WITH FRIENDS IS ABUNDANT, THE PRIVACY OF YOUR OWN APARTMENT IS ALWAYS AVAILABLE. TURNER-MEMORIAL IS AN INTIMATE COMMUNITY OF THIRTY APARTMENT HOMES FOR PERSONS 62 AND OLDER WHOSE INCOME, HANDICAP OR DISABILITY QUALIFIES THEM FOR RESIDENCY. TURNER-MEMORIAL'S STAFF STRIVES EVERY DAY TO LIVE OUT THE MISSION TO SERVE OLDER ADULTS IN THE SPIRIT OF CHRISTIAN LOVE. TURNER-MEMORIAL BELIEVES THAT IF IT CARES ABOUT THE ELDERS, THEY WILL PASS THE ATTITUDE ALONG TO EACH OTHER. TURNER-MEMORIAL PROVIDES BOTH STUDIO AND ONE-BEDROOM APARTMENTS, WITH THREE SPECIFICALLY SUITED FOR HANDICAPPED RESIDENTS. EACH APARTMENT INCLUDES COMPLETE KITCHEN, PRIVATE BATH, STORAGE SPACE, AND PERSONAL PATIO/GARDEN. TURNER-MEMORIAL STAFF PROVIDES SECURITY AND AN AMPLE VARIETY OF ACTIVITIES AND SPECIAL EVENTS INCLUDING WORSHIP AND STUDY OPPORTUNITIES, LOCAL CLERGY LEADERSHIP, MONTHLY BIRTHDAY PARTIES, CRAFTS, EXERCISE PROGRAMS, AND SING-A-LONGS. A TRANSPORTATION PROGRAM IS ALSO AVAILABLE FOR ANYONE IN GREENE COUNTY 60 YERS OF AGE AND OLDER THAT QUALIFY THROUGH A SCREENING PROCESS. THE TRANSPORTATION IS PROVIDED FOR SHOPPING, DOCTOR APPOINTMENTS, AND OTHER RELATED ACTIVITIES.
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IRS990/Form990PartVIISectionAGrp/TitleTxt12SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt13VP OF FINANC
IRS990/Form990PartVIISectionAGrp/TitleTxt14VP FOR HR BE
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IRS990/MissionDesc0GREENE COUNTY RETIREMENT SYSTEMS, INC. IS DEDICATED TO PROVIDING HOUSING AND PERSONAL CARE SERVICES TO THE ELDERLY OR DISABLED IN THE SPIRIT OF CHRISTIAN LOVE.
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IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2260
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0REPLACEMENT RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RESIDENT DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2REFUNDABLE DEPOSITS
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IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt072234
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0126931
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO AFFILIATE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1RESIDENTS' REFUNDABLE DEPOSITS
IRS990ScheduleD/RevenueSubtotalAmt0372194
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT HAS EVALUATED THE COMPANY'S INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleD/TotalBookValueOtherAssetsAmt0173008
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IRS990ScheduleD/TotalLiabilityAmt0137280
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IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.87$3.52$2.36$4.72$3.78$0.95
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.55$4.14$1.41$4.46$3.78$0.69
2022Detailed filing. Detailed filing data is available for this year.$5.38$4.66$0.72$4.26$3.68$0.58
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.55$5.41$0.14$3.90$3.36$0.55
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.69$6.10$0.41$3.87$3.49$0.38
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.92$6.71$0.79$4.04$3.27$0.77
2018Detailed filing. Detailed filing data is available for this year.$5.51$7.08$1.56$3.72$3.29$0.43
2017Detailed filing. Detailed filing data is available for this year.$5.38$7.38$2.00$3.08$3.02$0.06
2016Detailed filing. Detailed filing data is available for this year.$5.15$7.30$2.15$3.07$2.95$0.11
2015Detailed filing. Detailed filing data is available for this year.$5.44$7.71$2.27$3.34$2.96$0.38
2014Detailed filing. Detailed filing data is available for this year.$5.33$7.98$2.65$2.51$2.76$0.25
2013Detailed filing. Detailed filing data is available for this year.$5.40$7.80$2.40$2.80$2.89$0.09
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.93$8.24$2.31$3.02
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.79$8.58$2.79$2.97
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.80$8.96$3.16$2.83