Civic Intelligence

Manor Park Inc.

990 • Fiscal year 2014 • EIN 75-1227882

Jun 01, 2013 to May 31, 2014 • Filed on Apr 15, 2015

2208 N Loop 250 W79707

(432) 689-9898

Siviq Scores

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

Liabilities / Assets

71st percentile

0.55x

Higher debt load relative to assets than 71% of similar nonprofits.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2014

Liabilities / Revenue

82nd percentile

1.88x

Higher debt load relative to revenue than 82% of similar nonprofits.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2014

Net Margin

25th percentile

-0.9%

Higher net margin than 25% of similar nonprofits.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2014

Top Officer Pay

30th percentile

$228,644

Higher top officer pay than 30% of similar nonprofits.

Top officer pay equals 0.9% of source-year revenue.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2014

Asset Growth

60th percentile

7.6%

Faster asset growth than 60% of similar nonprofits.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2013 to 2014

Revenue Growth

28th percentile

-2.3%

Faster revenue growth than 28% of similar nonprofits.

2014 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2012 to 2014

Assets

Up

$86,527,403

Up $6,086,386 (+7.6%) from 2013

Net Assets

Up

$38,588,593

Up $1,032,778 (+2.7%) from 2013

Liabilities

Up

$47,938,810

Up $5,053,608 (+12%) from 2013

Revenue

$25,541,561

No earlier filing loaded for comparison.

Expenses

Up

$25,764,107

Up $1,571,150 (+6.5%) from 2013

Net Income

-$222,546

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.

$150M$100M$50M$0Assets 2010: $72,179,117Liabilities 2010: $45,037,453Net Assets 2010: $27,141,6642010Assets 2011: $77,437,624Liabilities 2011: $44,254,083Net Assets 2011: $33,183,5412011Assets 2012: $78,993,030Liabilities 2012: $43,944,804Net Assets 2012: $35,048,2262012Assets 2013: $80,441,017Liabilities 2013: $42,885,202Net Assets 2013: $37,555,8152013Assets 2014: $86,527,403Liabilities 2014: $47,938,810Net Assets 2014: $38,588,5932014Assets 2015: $82,892,934Liabilities 2015: $64,152,005Net Assets 2015: $18,740,9292015Assets 2016: $80,984,746Liabilities 2016: $64,274,588Net Assets 2016: $16,710,1582016Assets 2017: $88,138,579Liabilities 2017: $65,304,440Net Assets 2017: $22,834,1392017Assets 2018: $92,410,549Liabilities 2018: $67,901,370Net Assets 2018: $24,509,1792018Assets 2019: $91,691,808Liabilities 2019: $67,965,199Net Assets 2019: $23,726,6092019Assets 2020: $103,421,200Liabilities 2020: $72,438,313Net Assets 2020: $30,982,8872020Assets 2021: $110,009,266Liabilities 2021: $73,894,717Net Assets 2021: $36,114,5492021Assets 2022: $107,955,732Liabilities 2022: $70,928,454Net Assets 2022: $37,027,2782022Assets 2023: $112,427,259Liabilities 2023: $71,272,929Net Assets 2023: $41,154,3302023

Highlighted filing

2014

Assets$86,527,403
Liabilities$47,938,810
Net Assets$38,588,593

Operations Trend

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

$40M$20M$0-$20MExpenses 2010: $20,985,6022010Expenses 2011: $21,768,2182011Revenue 2012: $26,750,548Expenses 2012: $24,652,859Net Income 2012: $2,097,6892012Expenses 2013: $24,192,9572013Revenue 2014: $25,541,561Expenses 2014: $25,764,107Net Income 2014: -$222,5462014Revenue 2015: $26,171,320Expenses 2015: $29,408,995Net Income 2015: -$3,237,6752015Revenue 2016: $27,777,184Expenses 2016: $29,262,326Net Income 2016: -$1,485,1422016Revenue 2017: $31,471,649Expenses 2017: $27,014,171Net Income 2017: $4,457,4782017Revenue 2018: $28,858,980Expenses 2018: $28,556,172Net Income 2018: $302,8082018Revenue 2019: $29,221,851Expenses 2019: $30,178,849Net Income 2019: -$956,9982019Revenue 2020: $37,410,572Expenses 2020: $30,942,754Net Income 2020: $6,467,8182020Revenue 2021: $29,989,821Expenses 2021: $30,826,193Net Income 2021: -$836,3722021Revenue 2022: $31,983,916Expenses 2022: $29,756,427Net Income 2022: $2,227,4892022Revenue 2023: $32,297,772Expenses 2023: $29,331,260Net Income 2023: $2,966,5122023

Highlighted filing

2014

Revenue$25,541,561
Expenses$25,764,107
Net Income-$222,546
Jump To
Filing Snapshot
Filing Period
Jun 1, 2013 to May 31, 2014
Signed
Apr 15, 2015
Return Version
2013v4.0
Gross Receipts
$25,541,561
Mission and Program Overview

Mission

Manor park is dedicated to providing a continuum of care for people age 62 and older to live life to the fullest with independence, security and choice.

SEE SCHEDULE O

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$54,194,288$58,013,135▲ $3,818,847
Investments in Publicly Traded Securities$9,720,795$14,605,639▲ $4,884,844
Cash and Non-Interest-Bearing Accounts$4,474,237$3,495,147▼ $979,090
Pledges and Grants Receivable$1,504,584$792,510▼ $712,074
Accounts Receivable$851,907$768,799▼ $83,108
Prepaid Expenses and Deferred Charges$355,583$540,400▲ $184,817
Inventories for Sale or Use$89,311$95,878▲ $6,567
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Total Assets$80,441,017$86,527,403▲ $6,086,386
Other Assets Total$9,250,312$8,215,895▼ $1,034,417
Liabilities
Deferred Revenue$25,060,866$24,794,119▼ $266,747
Tax Exempt Bond Liabilities$14,893,288$19,090,237▲ $4,196,949
Accounts Payable and Accrued Expenses$2,622,844$3,671,454▲ $1,048,610
Other Liabilities$308,204$383,000▲ $74,796
Total Liabilities$42,885,202$47,938,810▲ $5,053,608
Net Assets / Fund Balance
Unrestricted Net Assets$31,579,718$33,495,332▲ $1,915,614
Temporarily Rstr Net Assets$4,491,055$3,392,420▼ $1,098,635
Permanently Rstr Net Assets$1,485,042$1,700,841▲ $215,799
Total Net Assets Fund Balance$37,555,815$38,588,593▲ $1,032,778
Total Liabilities and Net Assets / Fund Balance$80,441,017$86,527,403▲ $6,086,386

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$40,885,590$24,667,190$65,552,780
Other Land Buildings$12,737,038$3,396,334$16,133,372
Leasehold Improvements$1,812,281$2,419,063$4,231,344
Land$2,307,836-$2,307,836
Equipment$270,390$591,922$862,312
Other Assets Org$15,714--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2013$11,176,341$2,721,592▲ $1,616,765$402,107$15,112,591
2012$9,672,955$148,456▲ $1,793,291$438,361$11,176,341
2011$9,435,177$113,221▲ $124,557-$9,672,955
2010$8,165,666$86,108▲ $1,402,121$218,718$9,435,177
2009$35,256$943,972--$8,165,666
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Alan HaleExecutive DirecFT$175,286$53,358$228,644
Donald StephensCFOFT$128,691$41,135$169,826
Jay HobbsHealthcare AdmFT$123,401-$123,401
Lucy WoodsideDevelopment DirectorFT$113,208-$113,208
Cheryl CumminsDirector of NursinFT$107,388-$107,388
Joann PriceControllerFT$101,337-$101,337

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Rehabcare Group INCTherapy-$1,009,706
Provide Rx Of MidlandPharmacy-$427,303
Morrison Management SpecialistsFood Service Mgt-$301,180
Carrousel Construction INCRepairs & Remodeling-$288,695
US Security Associates INCSecurity-$148,288
Revenue and Support

Revenue Composition

Contributions and Grants
$684,309
Program Service Revenue
$23,715,143
Investment Income
$256,598
Other Revenue
$885,511
All Other Contributions
$684,309
Change in Net Assets
$-222,546

Audited Revenue Reconciliation

Revenue per Audited Statements
$25,541,561
Revenue Not Reported on Form 990
$1,255,324
Total Revenue per Audited Statements
$26,796,885
Total Revenue per Form 990
$25,541,561
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$14,427,220
Other Expenses$11,336,887
Total Fundraising Expense$172,434
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$10,442,449$699,804$115,189$11,257,442
All Other Expenses$2,574,273$507,596$17,158$3,099,027
Depreciation Depletion$2,183,030$54,294$6,597$2,243,921
Other Employee Benefits$1,753,118$182,231$19,338$1,954,687
Payroll Taxes$810,542$63,958$8,996$883,496
Other Expenses$731,277$2,167$2,788$731,277
Insurance$377,112--$377,112
Interest$337,145--$337,145
Current Officers, Directors, Trustees, and Key Employees-$331,595-$331,595
Advertising$506$79,033$2,368$81,907
Fees for Services Other-$66,313-$66,313
Total Functional Expenses$23,527,371$2,064,302$172,434$25,764,107

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$25,764,107
Total Expenses per Audited Statements$25,764,107
Total Expenses per Form 990$25,764,107
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
Yes
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-E.d. Wife Is MgrMarketing ServicesNo$89,964

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Resident Deposits$383,000

Bond Issues

BondIssuerIssuedIssue PricePurpose
A27-00704732012-03-22$15,080,000Refunding series 2003 bonds
B27-00704732012-03-22$6,000,000NURSING HOUSEHOLDS

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$15,080,000$15,080,000--
B$6,000,000---
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

Upon completion, the form 990 is distributed to the board of trustees prior to being filed with the irs. The finance committee of the board reviews the 990 at its first regularly scheduled meeting following the preparation of the 990.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Conflict of interest forms are completed annually and collected by the executive assistant who then reviews them with the executive director. Any potential issues are then brought back to the board of trustees for discussion and action as considered necessary.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

The executive committee of the board conducts an annual evaluation of the executive director's job performance. In conjunction with this evaluation, the executive committee assesses the executive director's salary and benefits, using comparative data from other similar organizations. These deliberations are documented in the minutes of the executive committe meeting.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Governing documents, conflict of interest policy and financial statements are not made available to the public

Filing and Contact Details

Filer

EIN
75-1227882
Phone
4326899898

Signing Officer

Name
Alan Hale
Title
Executive Director
Signed
2015-04-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Alan Hale
Formed
1963
Legal Domicile
TX
Voting Board Members
20
Independent Board Members
20
Employees
480
Volunteers
20

Preparer

Preparer
C Marc Martin CPA
Phone
4326850094
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E: Other Expenses

Bad debts: Column (A) - Total = $218596; Column (B) - Program Services = $218596; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

Bank fees: Column (A) - Total = $80631; Column (B) - Program Services = $0; Column (C) - Management & General = $80631; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

CONSULTING: Column (A) - Total = $122124; Column (B) - Program Services = $50887; Column (C) - Management & General = $71237; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

HAZARDOUS WASTE: Column (A) - Total = $39410; Column (B) - Program Services = $39410; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

MAKE READY COSTS: Column (A) - Total = $664201; Column (B) - Program Services = $664201; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

MATERIALS AND SUPPLIES: Column (A) - Total = $661882; Column (B) - Program Services = $646708; Column (C) - Management & General = $15174; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

MEMBERSHIPS AND PUBLICATIONS: Column (A) - Total = $36796; Column (B) - Program Services = $5446; Column (C) - Management & General = $30825; Column (D) - Fundraising = $525

Form 990, Part IX, Line 24E: Other Expenses

OTHER EXPENSES: Column (A) - Total = $68266; Column (B) - Program Services = $50217; Column (C) - Management & General = $18049; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

OTHER SUPPLIES: Column (A) - Total = $573913; Column (B) - Program Services = $533079; Column (C) - Management & General = $39431; Column (D) - Fundraising = $1403

Form 990, Part IX, Line 24E: Other Expenses

Postage and Shipping: Column (A) - Total = $13196; Column (B) - Program Services = $1567; Column (C) - Management & General = $8386; Column (D) - Fundraising = $3243

Form 990, Part IX, Line 24E: Other Expenses

PROPERTY TAXES: Column (A) - Total = $72234; Column (B) - Program Services = $160; Column (C) - Management & General = $72074; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

SAFETY PROGRAM: Column (A) - Total = $34475; Column (B) - Program Services = $0; Column (C) - Management & General = $34475; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

SECURITY: Column (A) - Total = $210043; Column (B) - Program Services = $210043; Column (C) - Management & General = $0; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

SPECIAL RESIDENT EVENTS: Column (A) - Total = $36237; Column (B) - Program Services = $21570; Column (C) - Management & General = $4156; Column (D) - Fundraising = $10511

Form 990, Part IX, Line 24E: Other Expenses

TRAVEL AND TRAINING: Column (A) - Total = $88297; Column (B) - Program Services = $63514; Column (C) - Management & General = $23307; Column (D) - Fundraising = $1476

Form 990, Part IX, Line 24E: Other Expenses

TRUST DEPARTMENT FEES: Column (A) - Total = $106122; Column (B) - Program Services = $0; Column (C) - Management & General = $106122; Column (D) - Fundraising = $0

Form 990, Part IX, Line 24E: Other Expenses

VEHICLE EXPENSES: Column (A) - Total = $72604; Column (B) - Program Services = $68875; Column (C) - Management & General = $3729; Column (D) - Fundraising = $0

Other Changes In Net Assets Or Fund Balances - Other Increases

Equity investment income = $126228

Form 990, Part I, Ln 1 - Sig Activities

The Village at Manor Park serves over 600 resident members on the 78-acre campus. The organization is licensed as a Continuing Care Retirement Community with a wide variety of residences and service plans from which to choose. The Village at Manor Park is a Continuing Care Retirement Community offering six levels of living accommodations and care. In addition to comfortable housing, options available include varying levels of accessible nursing and healthcare programs. The Village at Manor Park provides services that will enhance everyday life in the relaxed atmosphere of a congenial community. Beautifully manicured lawns and common areas provide attractive outdoor space for walking and visiting with friends and neighbors. Indoor spaces are clean, well-kept, spacious and attractively decorated to provide a homelike atmosphere for personal enjoyment as well as the entertainment of guests. The full-service retirement community of Manor Park follows a carefully designed master plan. Housing options include attractive estate homes, easy living villas, and spacious apartments. Should the need arise, assisted living services, assisted living with early memory support, a licensed health care center, and a specialized Alzheimers care facility are all a part of the continuum of care available to residents. Services can include delicious meals, various social and educational activities, programs and special events planned by activity directors, a music minister, and a chaplain. The community also includes a health club/wellness center featuring state-of-the-art fitness equipment. The Wellness Center director is a staff member trained in Older Adult Exercise. Three beauty salons/barber shops, libraries, a computer/resource center, two chapels, a pharmacy and gift shop, Jacuzzis, and scheduled transportation enhance the Manor Park experience. A full spectrum of nursing and rehabilitation care services is offered in a lovely homelike setting and elder-centered environment. Licensed nurses are on site 24 hours a day, and there is access to respiratory, physical, occupational and speech therapies. A trained, caring and experienced staff is dedicated to treating and respecting the residents as members of the family of Manor Park. In the nursing and Alzheimers facilities the atmosphere is enhanced with birds, aquariums and pet visits as well as the visits from the onsite daycare children and volunteers. The focus is on the physical, mental and spiritual well-being of each individual. Various activities incorporate spontaneity and friendship while increasing mental sharpness, physical flexibility and strength through wellness activities and health care. The services and amenities provided are intended to ease anxiety for individuals in order that they may live each day to the fullest at their particular level of care.

Financial Statement Notes

Part V, Line 4: Intended uses of the endowment fund.

Endowment earnings are to be used to offset operating expenses at the discretion of the board of directors

Part X : FIN48 Footnote

Manor park has adopted the provisions of fasb asc 740-10-25, which requires that a tax position be recognized or derecognized based on a "more likely that not" threshold. This applies to positions taken or expected to be taken in a tax return. Manor park does not believe its financial statements include any uncertain tax positions.

Part XI, Line 2D: Other revenue amounts included in F/S but not included on form 990

Equity investment income $126228

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IRS990/Desc0MANOR PARK, INC. PROVIDES A CONTINUUM OF CARE FOR RETIREES AND ELDERLY. THE ORGANIZATION OFFERS INDEPENDENT LIVING, PERSONAL CARE AND LICENSED HEALTH CARE IN A PHYSICALLY AND FINANCIALLY SECURE ENVIRONMENT AND SERVED APPROXIMATELY 600 RESIDENTS AND PROVIDED FINANCIAL AID TO RESIDENTS WHO OUTLIVED THEIR FINANCIAL RESOURCES AND ABILITY TO PAY. THE SERVICES PROVIDED ALSO INCLUDE ELDERLY RESIDENTS SUFFERING FROM DEMENTIA.MABEE CENTER IS A LICENSED NURSING HOME OF 104 BEDS. AT ANY GIVEN TIME THE OCCUPANCY OF MABEE CENTER IS AT LEAST 85-90 RESIDENTS, WITH ABOUT 1/3 OF THOSE RESIDENTS RECEIVING MEDICAID.MANOR PARK'S FOOD SERVICE DEPARTMENT SERVES ALMOST 400,000 MEALS EACH YEAR. AS AN EXEMPT ORGANIZATION, MANOR PARK IS ABLE TO PUT MORE MONEY INTO ITS FOOD SERVICE BUDGET, INCREASING THE QUALITY OF THE MEALS SERVED.HELEN GREATHOUSE MANOR IS A LICENSED ASSISTED LIVING FACILITY WITH 115 APARTMENTS. RESIDENTS IN HELEN GREATHOUSE MANOR THAT OUTLIVE THEIR FINANCIAL RESOURCES ARE ELIGIBLE FOR FINANCIAL ASSISTANCE.
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$112$71.3$41.2$32.3$29.3$2.97
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$108$70.9$37.0$32.0$29.8$2.23
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$110$73.9$36.1$30.0$30.8$0.84
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$103$72.4$31.0$37.4$30.9$6.47
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$91.7$68.0$23.7$29.2$30.2$0.96
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$92.4$67.9$24.5$28.9$28.6$0.30
2017Summary only. Only limited summary data is available for this year.$88.1$65.3$22.8$31.5$27.0$4.46
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$81.0$64.3$16.7$27.8$29.3$1.49
2015Detailed filing. Detailed filing data is available for this year.$82.9$64.2$18.7$26.2$29.4$3.24
2014Detailed filing. Detailed filing data is available for this year.$86.5$47.9$38.6$25.5$25.8$0.22
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$80.4$42.9$37.6$24.2
2012Summary only. Only limited summary data is available for this year.$79.0$43.9$35.0$26.8$24.7$2.10
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$77.4$44.3$33.2$21.8
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$72.2$45.0$27.1$21.0