Civic Intelligence

Methodist Retirement Communities

990 • Fiscal year 2011 • EIN 74-2989751

Jan 01, 2011 to Dec 31, 2011 • Filed on Nov 15, 2012

1440 Lake Front Circle No 11077380
Siviq Scores

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

Liabilities / Assets

98th percentile

2.05x

Higher debt load relative to assets than 98% of similar nonprofits.

2011 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2011

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2011

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2011

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2011

Asset Growth

22nd percentile

-5.7%

Faster asset growth than 22% of similar nonprofits.

2011 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2010 to 2011

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

Down

$1,053,089

Down $63,103 (-5.7%) from 2010

Net Assets

Down

-$1,109,526

Down $59,768 (-5.7%) from 2010

Liabilities

Down

$2,162,615

Down $3,335 (-0.2%) from 2010

Revenue

-

No earlier filing loaded for comparison.

Expenses

Down

$579,917

Down $30,818 (-5.0%) from 2010

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0-$1.0M-$2.0MAssets 2010: $1,116,192Liabilities 2010: $2,165,950Net Assets 2010: -$1,049,7582010Assets 2011: $1,053,089Liabilities 2011: $2,162,615Net Assets 2011: -$1,109,5262011Assets 2012: $1,006,428Liabilities 2012: $2,128,449Net Assets 2012: -$1,122,0212012Assets 2013: $946,729Liabilities 2013: $2,093,805Net Assets 2013: -$1,147,0762013Assets 2014: $948,653Liabilities 2014: $2,048,686Net Assets 2014: -$1,100,0332014Assets 2015: $965,201Liabilities 2015: $2,015,964Net Assets 2015: -$1,050,7632015

Highlighted filing

2011

Assets$1,053,089
Liabilities$2,162,615
Net Assets-$1,109,526

Operations Trend

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

$800K$600K$400K$200K$0-$200KExpenses 2010: $610,7352010Expenses 2011: $579,9172011Expenses 2012: $543,3252012Revenue 2013: $532,920Expenses 2013: $557,983Net Income 2013: -$25,0632013Revenue 2014: $540,283Expenses 2014: $493,240Net Income 2014: $47,0432014Revenue 2015: $545,852Expenses 2015: $496,582Net Income 2015: $49,2702015

Highlighted filing

2011

Revenue-
Expenses$579,917
Net Income-
Jump To
Filing Snapshot
Filing Period
Jan 1, 2011 to Dec 31, 2011
Signed
Nov 15, 2012
Return Version
2011v1.2
Gross Receipts
$520,149
Mission and Program Overview

Mission

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 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, usually through the mrc foundation, to assist and retain residents who outlive their resources and 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, assisted living apartments, specialty memory sup

Filing and Contact Details

Filer

EIN
74-2989751
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IRS990/ActivityOrMissionDescription0The 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 local community where it serves seniors and provides employment in meeting its mission of service ministry to senior adults. Its sponsor, Methodist Retirement Communities, has a covenant affiliation with the Texas Annual Conference of United Methodists that 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, etc. The organization accepts HUD payments that assist in providing this affordable housing for those with limited financial means. The organization provides services, programs, activities and housing to seniors in independent/residential living apartments. The organization works with other entities in the local community who may be able to meet the additional needs of its residents.
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IRS990/Description0The 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.
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IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation0The 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 2008 through 2011 tax years are open to examination by the IRS.
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IRS990ScheduleD/OtherAssets/Description1Tenant Security Deposits
IRS990ScheduleD/OtherLandBuildings/BookValue067504
IRS990ScheduleD/OtherLandBuildings/Depreciation087314
IRS990ScheduleD/OtherLandBuildings/OtherCostOrOtherBasis0154818
IRS990ScheduleD/OtherLiabilities/Amount010643

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