Civic Intelligence

Methodist Retirement Communities

990 • Fiscal year 2012 • EIN 74-2989751

Jan 01, 2012 to Dec 31, 2012 • Filed on Nov 14, 2013

1440 Lake Front Circle No 11077380
Siviq Scores

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

Liabilities / Assets

99th percentile

2.11x

Higher debt load relative to assets than 99% of similar nonprofits.

2012 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2012

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2012

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2012

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2012

Asset Growth

24th percentile

-4.4%

Faster asset growth than 24% of similar nonprofits.

2012 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2011 to 2012

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

Down

$1,006,428

Down $46,661 (-4.4%) from 2011

Net Assets

Down

-$1,122,021

Down $12,495 (-1.1%) from 2011

Liabilities

Down

$2,128,449

Down $34,166 (-1.6%) from 2011

Revenue

-

No earlier filing loaded for comparison.

Expenses

Down

$543,325

Down $36,592 (-6.3%) from 2011

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

2012

Assets$1,006,428
Liabilities$2,128,449
Net Assets-$1,122,021

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

2012

Revenue-
Expenses$543,325
Net Income-
Jump To
Filing Snapshot
Filing Period
Jan 1, 2012 to Dec 31, 2012
Signed
Nov 14, 2013
Return Version
2012v2.1
Gross Receipts
$530,830
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 connection 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.
IRS990/AddressPrincipalOfficerUS/AddressLine101440 Lake Front Circle No 110
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IRS990/Description0MRC Crestview Place (the Project) is a nonprofit, tax exempt organization operating a 44-unit apartment complex for the elderly located in Bryan, Texas. The Project is operated under Section 207 of the National Housing Act and regulated by the U.S. Department of Housing and Urban Development (HUD) with respect to rental charges and operating methods. The Project's Section 207 HUD-insured mortgage is considered a major program. The Project is also subject to Section 8 Housing Assistance Payments and Section 202 Service Coordinator Grant agreements with HUD, and a significant portion of the Project's rental revenue is received from HUD through these agreements. The Project's Section 8 rent subsidy is considered a major program, and the Section 202 Service Coordinator Grant is considered a non-major program.The Project is managed by Methodist Retirement Communities (MRC), a Texas nonprofit corporation, who appoints the Board of Directors of the Project.
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IRS990ScheduleD/Equipment/OtherCostOrOtherBasis048546
IRS990ScheduleD/ExpensesNotRptdF99000
IRS990ScheduleD/ExpensesNotRptdOnFinStmt00
IRS990ScheduleD/ExpensesSubtotal0543325
IRS990ScheduleD/FootnoteInPartXIII0X
IRS990ScheduleD/Form990ScheduleDPartXIII/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 2009 through 2012 tax years are open to examination by the IRS.
IRS990ScheduleD/Form990ScheduleDPartXIII/Identifier0Description of Uncertain Tax Positions Under FIN 48:
IRS990ScheduleD/Form990ScheduleDPartXIII/ReturnReference0Part X, Line 2:
IRS990ScheduleD/Land/BookValue0134983
IRS990ScheduleD/Land/OtherCostOrOtherBasis0134983
IRS990ScheduleD/OtherAssets/BookValue0117098
IRS990ScheduleD/OtherAssets/BookValue111606
IRS990ScheduleD/OtherAssets/Description0Loan Costs - Net of Amortization

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