Civic Intelligence

Manor Park Inc.

990 • Fiscal year 2021 • EIN 75-1227882

Jun 01, 2020 to May 31, 2021 • Filed on Mar 29, 2022

Refreshing map…

2208 N Loop 250 WMidland, TX 79707

(432) 689-9898

Siviq Scores

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

Liabilities / Assets

79th percentile

0.67x

Higher debt load relative to assets than 79% of similar nonprofits.

2021 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2021

Liabilities / Revenue

85th percentile

2.46x

Higher debt load relative to revenue than 85% of similar nonprofits.

2021 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2021

Net Margin

16th percentile

-2.8%

Higher net margin than 16% of similar nonprofits.

2021 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2021

Top Officer Pay

19th percentile

$243,200

Higher top officer pay than 19% of similar nonprofits.

Top officer pay equals 0.8% of source-year revenue.

2021 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2021

Asset Growth

33rd percentile

6.4%

Faster asset growth than 33% of similar nonprofits.

2021 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2020 to 2021

Revenue Growth

8th percentile

-20%

Faster revenue growth than 8% of similar nonprofits.

2021 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2020 to 2021

Assets

Up

$110,009,266

Up $6,588,066 (+6.4%) from 2020

Net Assets

Up

$36,114,549

Up $5,131,662 (+17%) from 2020

Liabilities

Up

$73,894,717

Up $1,456,404 (+2.0%) from 2020

Revenue

Down

$29,989,821

Down $7,420,751 (-20%) from 2020

Expenses

Down

$30,826,193

Down $116,561 (-0.4%) from 2020

Net Income

Down

-$836,372

Down $7,304,190 (-113%) from 2020

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

2021

Assets$110,009,266
Liabilities$73,894,717
Net Assets$36,114,549

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

2021

Revenue$29,989,821
Expenses$30,826,193
Net Income-$836,372
Jump To
Filing Snapshot
Filing Period
Jun 1, 2020 to May 31, 2021
Signed
Mar 29, 2022
Return Version
2020v4.0
Gross Receipts
$29,989,821
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.

The village at manor park serves approximately 500 resident members on the 85-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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$63,583,741$75,271,488▲ $11,687,747
Investments in Publicly Traded Securities$20,651,743$24,292,280▲ $3,640,537
Cash and Non-Interest-Bearing Accounts$5,816,361$4,673,153▼ $1,143,208
Accounts Receivable$880,166$934,333▲ $54,167
Inventories for Sale or Use$298,317$305,241▲ $6,924
Prepaid Expenses and Deferred Charges$713,459$208,610▼ $504,849
Pledges and Grants Receivable-$100,000-
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$103,421,200$110,009,266▲ $6,588,066
Other Assets Total$11,477,413$4,224,161▼ $7,253,252
Liabilities
Other Liabilities$41,685,533$42,241,495▲ $555,962
Deferred Revenue$11,647,562$13,897,254▲ $2,249,692
Tax Exempt Bond Liabilities$12,695,538$11,584,058▼ $1,111,480
Accounts Payable and Accrued Expenses$3,233,924$3,436,660▲ $202,736
Unsecured Notes Loans Payable$3,175,756$2,735,250▼ $440,506
Total Liabilities$72,438,313$73,894,717▲ $1,456,404
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$16,944,435$23,573,875▲ $6,629,440
Net Assets With Donor Restrictions$14,038,452$12,540,674▼ $1,497,778
Total Net Assets Fund Balance$30,982,887$36,114,549▲ $5,131,662
Total Liabilities and Net Assets / Fund Balance$103,421,200$110,009,266▲ $6,588,066

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$60,516,388$37,937,766$98,454,154
Leasehold Improvements$5,024,146$3,233,591$8,257,737
Other Land Buildings$3,361,542$4,550,406$7,911,948
Land$6,222,906-$6,222,906
Equipment$146,506$772,419$918,925

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$23,253,864$21,007▲ $6,423,540$3,096,083$26,602,328
2019$24,650,713$200,783▲ $1,515,003$3,112,635$23,253,864
2018$24,437,093$189,983▲ $514,283$490,646$24,650,713
2017$18,227,685$4,608,691▲ $1,600,717-$24,437,093
2016$16,269,859$138,456▲ $1,819,370-$18,227,685
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Alan HaleExecutive DirecFT$226,570$16,630$243,200
Tina BallardCFOFT$153,237$8,782$162,019
Jay HobbsCOOFT$155,423$5,921$161,344
Stephen NelsonHealthcare AdminFT$130,194$12,077$142,271
Susan BooneNursing DirectorFT$109,551$3,336$112,887
Sharla Jan McdanielDirector of HrFT$104,981$34$105,015
Elva GalindoAccounting ManagerFT$101,457$2,198$103,655

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Cantex Roofing & Construction LLCConstruction12108 E HWY 62, Idalou, TX 79329$6,192,345
Cooper ConstructionConstructionPO BOX 52737, Midland, TX 79710$2,508,878
Macmar Holding Lpmcpherson ConstructionConstructionPO BOX 50375, Midland, TX 79710$2,373,708
Morrison Community LivingFood Service MgmtPO BOX 102289, Atlanta, GA 30368$1,367,644
Tommy Hawkins Construction INCConstruction531 RYAN AVE, Odessa, TX 79761$1,338,730
Revenue and Support

Revenue Composition

Contributions and Grants
$2,643,918
Program Service Revenue
$24,149,873
Investment Income
$441,469
Other Revenue
$2,754,561
All Other Contributions
$2,643,918
Change in Net Assets
$-836,372

Audited Revenue Reconciliation

Revenue per Audited Statements
$29,866,177
Revenue Not Reported on Financial Statements
$123,644
Revenue Not Reported on Form 990
$6,091,678
Total Revenue per Audited Statements
$35,957,855
Total Revenue per Form 990
$29,989,821
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$16,753,888
Other Expenses$14,072,305
Total Fundraising Expense$140,847
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$12,708,731$814,297$113,003$13,636,031
Depreciation Depletion$2,825,315$61,814-$2,887,129
All Other Expenses$2,506,616$181,881$6,722$2,695,219
Other Employee Benefits$1,450,543$143,502$11,520$1,605,565
Other Expenses$1,264,256$107,534-$1,371,790
Payroll Taxes$973,462$87,299$8,737$1,069,498
Insurance$795,553--$795,553
Interest$453,289--$453,289
Current Officers, Directors, Trustees, and Key Employees-$442,794-$442,794
Advertising$114,598$74,100-$188,698
Fees for Services Other-$119,342-$119,342
Travel$37,266$4,705$865$42,836
Total Functional Expenses$28,591,335$2,094,011$140,847$30,826,193

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$30,826,193
Total Expenses per Audited Statements$30,826,193
Total Expenses per Form 990$30,826,193
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

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
Refundable Entrance Fees$41,330,578
Residents Deposits$910,917

Bond Issues

BondIssuerIssuedIssue PricePurpose
AHealth Facilities Development Corp of Midland County2012-03-22$15,080,000Refunding series 2003 bonds
BHealth Fac Dev Corp2012-03-22$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 35% controlled entity
No
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.

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

Conflict of interest forms are completed annually and reviewed by the chief operations officer and chief compliance officer. 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. Annual presentations at a high level of the audited financial statements are made to the residents of manor park.

Filing and Contact Details

Filer

Filer Name
Manor Park Inc
EIN
75-1227882
Phone
4326899898
Address
2208 N LOOP 250 W, MIDLAND, TX 79707

Signing Officer

Name
Tina Ballard
Title
CFO
Signed
2022-03-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tina Ballard
Formed
1963
Legal Domicile
TX
Voting Board Members
19
Independent Board Members
19
Employees
451
Volunteers
30

Preparer

Firm
C Marc Martin CPA
Address
PO Box 1775, Midland, TX 79702
Preparer
C Marc Martin CPA
Phone
4326850094
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Increases

Equity investment income = $115825

Form 990, Part I, Ln 1 - Sig Activities

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, licensed resident-centered households, a licensed health care center, and a specialized alzheimer's 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. 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 alzheimer's facilities the atmosphere is enhanced with birds, 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 adheres to accounting standards for uncertain income tax positions, which would require additional disclosure. 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 $115825

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IRS990/Desc0MANOR PARK SERVES SENIORS OVER THE AGE 0F 62 IN SIX DIFFERENT LEVELS OF CARE, ALLOWING RESIDENTS TO MOVE IN AND LIVE INDEPENDENTLY AND AS THEIR NEEDS FOR MORE CARE PROGRESS, ALLOW RESIDENTS TO MOVE TO A HIGHER LEVEL OF CARE THAT FITS THEIR NEEDS WITHOUT HAVING TO LEAVE THEIR COMMUNITY OF FRIENDS.MANOR PARK'S HEALTHCARE PROVIDED SKILLED NURSING TO AN AVERAGE CENSUS OF OVER 14 RESIDENTS PER DAY; LONG TERM CARE TO AN AVERAGE OF OVER 65 RESIDENTS PER DAY; LONG TERM MEMORY CARE TO AN AVERAGE OF OVER 32 RESIDENTS PER DAY. INCLUDING PROVIDING MEALS, ACTIVITIES AND SOCIAL INTERACTION, SPIRITUAL SUPPORT, SERVICES OF A CHAPLAIN, AVAILABILITY OF THERAPY SERVICES, LICENSED NURSES ON STAFF 24 HOURS A DAY, TRAINED CARING STAFF, AND A HOME LIKE ENVIRONMENT.THE HELEN GREATHOUSE BUILDING HAS AVAILABLE BOTH TRADITIONAL ASSISTED LIVING AND EARLY-STAGES OF MEMORY CARE. SERVICES PROVIDED INCLUDE HELP WITH DAILY LIVING ACTIVITIES SUCH AS BATHING, ASSISTANCE WITH DRESSING, MEDICATIONS AS NEEDED, SOCIAL INTERACTION, STIMULATING ACTIVITIES, MEALS, A LIBRARY, CARING STAFF, LICENSED NURSING STAFF 24 HOURS A DAY. DURING THIS FISCAL YEAR, A DAILY AVERAGE OF OVER 83 RESIDENTS WERE SERVED IN ASSISTED LIVING.INDEPENDENT LIVING IS AVAILABLE IN A VARIETY OF DIFFERENT FLOOR PLANS FROM APARTMENTS TO HOMES, ALLOWING RESIDENTS TO MAINTAIN THEIR INDEPENDENCE WHEN THEY NO LONGER WANT OR CAN DEAL WITH THE DIFFICULTIES OF MAINTAINING A HOME. RESIDENTS IN INDEPENDENT LIVING ARE ABLE TO DINE ON CAMPUS; MAINTENANCE AND HOUSEKEEPING IS PROVIDED; ALONG WITH WATER AND CABLE SERVICES, TRANSPORTATION TO DOCTORS, CREATIVE AND STIMULATING ACTIVITIES, A LIBRARY, AND COMPUTERS ARE ALSO AVAILABLE. DURING THIS FISCAL YEAR, AN AVERAGE OF OVER 282 HOUSEHOLDS WERE SERVED IN INDEPENDENT LIVING.
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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
2021Detailed filing. Detailed filing data is available for this year.$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