Methodist Retirement Communities

“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.”

“The Organization requires signed affidavit identifying conflict of interest by annual board meeting of MRC each year.”

“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 comparability 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.”

“Governing documents, conflict of interest policy, and financial statements are available upon request.”

“an organization committed to quality living for senior adults in faith-based environments. The Organization takes great pride in seeing that our Affiliates are an important part of the broader, local community where they serve seniors and provide employment in meeting our 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 entire system openly accepts persons of all faiths and beliefs; with no discrimination toward residents, staff, board members, volunteers, donors, vendors, etc. The Organization encourages donations to our Foundation to help our Affiliates assist and retain residents who run low on funds or eventually even out of money through no fault of their own. The Organization provides Finance, Accounting, Human Resources, Technology, Marketing, Operations and Executive & Strategic Planning leadership to the Affiliates of MRC as the Affiliates provide services, programs, activities, care and housing to seniors in Independent/ Residential apartments (both market-rate and low-income), assisted living apartments, specialty memory support suites for those with Alzheimer's and other dementias, skilled nursing & rehabilitation units, and home health & home services. The Organization oversees the licensing whereby some of the organization's Affiliates accept Medicare, Medicaid and/or HUD payments along with private pay and certain insurance plans. The Organization encourages its Affiliates to also open its doors in its local broader community to periodically provide space use for other local nonprofits, such as Lions, Rotary, Chamber, etc.”

“Form 990, Part III, Line 1 Continuation: of the broader, local community where they serve seniors and provide employment in meeting our 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 entire system openly accepts persons of all faiths and beliefs; with no discrimination toward residents, staff, board members, volunteers, donors, vendors, etc. The Organization encourages donations to our Foundation to help our Affiliates assist and retain residents who run low on funds or eventually even out of money through no fault of their own. The Organization provides Finance, Accounting, Human Resources, Technology, Marketing, Operations and Executive & Strategic Planning leadership to the Affiliates of MRC as the Affiliates provide services, programs, activities, care and housing to seniors in Independent/ Residential apartments (both market-rate and low-income), assisted living apartments, specialty memory support suites for those with Alzheimer's and other dementias, skilled nursing & rehabilitation units, and home health & home services. The Organization oversees the licensing whereby some of the organization's Affiliates accept Medicare, Medicaid and/or HUD payments along with private pay and certain insurance plans. The Organization encourages its Affiliates to also open its doors in its local broader community to periodically provide space use for other local nonprofits, such as Lions, Rotary, Chamber, etc.”

“Transfer To Affiliates -1,201,193. Change in value of interest rate swaps 955.”

“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.”