Civic Intelligence

Mrc Crestview

EIN 76-0520414 • 501(c)3

1440 Lake Front Circle No 11077380
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

99th percentile

2.94x

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

501(c)3 • $10M-$25M nonprofits • Source year 2015

Liabilities / Revenue

94th percentile

5.49x

Higher debt load relative to revenue than 94% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2015

Net Margin

45th percentile

2.4%

Higher net margin than 45% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2015

Top Officer Pay

75th percentile

$288,177

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 2.2% of source-year revenue.

501(c)3 • $10M-$25M nonprofits • Source year 2015

Asset Growth

47th percentile

3.5%

Faster asset growth than 47% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Revenue Growth

48th percentile

6.4%

Faster revenue growth than 48% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Assets

Up

$24,592,359

Up $821,995 (+3.5%) from 2014

Liabilities

Up

$72,371,449

Up $383,423 (+0.5%) from 2014

Net Assets

Up

-$47,779,090

Up $438,572 (+0.9%) from 2014

Revenue

Up

$13,174,524

Up $793,582 (+6.4%) from 2014

Expenses

Up

$12,856,605

Up $378,439 (+3.0%) from 2014

Net Income

Up

$317,919

Up $415,143 (+427%) from 2014

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$100M$50M$0-$50MAssets 2010: $25,795,234Liabilities 2010: $30,882,258Net Assets 2010: -$5,087,0242010Assets 2011: $37,480,059Liabilities 2011: $57,782,878Net Assets 2011: -$20,302,8192011Assets 2012: $23,675,396Liabilities 2012: $60,392,428Net Assets 2012: -$36,717,0322012Assets 2013: $23,864,564Liabilities 2013: $63,637,831Net Assets 2013: -$39,773,2672013Assets 2014: $23,770,364Liabilities 2014: $71,988,026Net Assets 2014: -$48,217,6622014Assets 2015: $24,592,359Liabilities 2015: $72,371,449Net Assets 2015: -$47,779,0902015

Highlighted filing

2015

Assets$24,592,359
Liabilities$72,371,449
Net Assets-$47,779,090

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$15M$10M$5.0M$0-$5.0MExpenses 2010: $11,422,2032010Expenses 2011: $5,236,6262011Expenses 2012: $9,162,8642012Revenue 2013: $11,443,182Expenses 2013: $12,366,476Net Income 2013: -$923,2942013Revenue 2014: $12,380,942Expenses 2014: $12,478,166Net Income 2014: -$97,2242014Revenue 2015: $13,174,524Expenses 2015: $12,856,605Net Income 2015: $317,9192015

Highlighted filing

2015

Revenue$13,174,524
Expenses$12,856,605
Net Income$317,919

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Sep 30, 2016
Return Version
2015v2.1
Gross Receipts
$13,189,874
Mission and Program Overview

Mission

The organization is committed to quality living for senior adults in a faith-based environment.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities-$8,380,417-
Savings and Temporary Cash Investments$6,305,830$6,345,094▲ $39,264
Cash and Non-Interest-Bearing Accounts$8,126,392$6,059,179▼ $2,067,213
Accounts Receivable$937,870$909,394▼ $28,476
Inventories for Sale or Use$73,897$65,002▼ $8,895
Prepaid Expenses and Deferred Charges$36,478$28,712▼ $7,766
Total Assets$23,770,364$24,592,359▲ $821,995
Other Assets Total$8,289,897$2,804,561▼ $5,485,336
Liabilities
Tax Exempt Bond Liabilities$42,565,428$42,320,532▼ $244,896
Deferred Revenue$19,905,989$20,570,111▲ $664,122
Other Liabilities$8,246,155$8,348,820▲ $102,665
Accounts Payable and Accrued Expenses$1,270,454$1,131,986▼ $138,468
Total Liabilities$71,988,026$72,371,449▲ $383,423
Net Assets / Fund Balance
Unrestricted Net Assets$-48,217,662$-47,779,090▲ $438,572
Total Net Assets Fund Balance$-48,217,662$-47,779,090▲ $438,572
Total Liabilities and Net Assets / Fund Balance$23,770,364$24,592,359▲ $821,995

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$16,669--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Mr Harold ErmsharExecutive Director-$134,019$134,019
Ms Renee SkillernController-$128,783$128,783
Ms Natasha CrabbeMarketing Director-$123,570$123,570
Mr Matthew CurrieVP/executive DirectorFT$122,391$122,391
Mr Todd PartinExecutive Director-$108,599$108,599
Mrs Donna WilliamsSecretary-$43,360$43,360

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Quality Care RehabTherapy8477 S SUNCOAST BLVD, Homosassa, FL 34446$668,766
Revenue and Support

Revenue Composition

Contributions and Grants
$151,899
Program Service Revenue
$12,706,783
Investment Income
$143,222
Other Revenue
$172,620
Change in Net Assets
$317,919

Audited Revenue Reconciliation

Revenue per Audited Statements
$13,174,524
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$155,729
Total Revenue per Audited Statements
$13,330,253
Total Revenue per Form 990
$13,174,524
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$8,397,127
Salaries, Compensation, and Employee Benefits$4,459,478
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,326,381$748,176-$4,074,557
Interest$2,789,662$627,457-$3,417,119
Insurance$641,977$144,395-$786,372
Fees for Services Management$618,739$139,168-$757,907
Occupancy$407,547$91,666-$499,213
Depreciation Depletion$370,334$83,296-$453,630
Payroll Taxes$267,998$60,279-$328,277
Other Expenses$141,838$31,902-$173,740
Fees for Services Other$91,852$20,660-$112,512
Advertising$77,426$17,415-$94,841
All Other Expenses$75,768$17,042-$92,810
Information Technology$67,168$15,108-$82,276
Office Expenses$52,892$11,896-$64,788
Fees for Services Accounting$38,295$8,613-$46,908
Pension Plan Contributions$35,206$7,919-$43,125
Other Employee Benefits$11,037$2,482-$13,519
Travel$10,690$2,405-$13,095
Fees for Services Legal$717$161-$878
Conferences and Meetings$91$21-$112
Total Functional Expenses$10,495,856$2,360,749$0$12,856,605

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$14,656,640
Total Expenses per Form 990$12,856,605
Expenses per Audited Statements$12,853,597
Expenses Not Reported on Form 990$1,803,043
Expenses Not Reported on Financial Statements$3,008
Other Expense Adjustments$3,008
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
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Future Service Obligation$8,135,000
Deposits$213,820

Bond Issues

BondIssuerIssuedIssue PricePurpose
ARed River Health Facilities Development Corporation2011-12-13$28,164,985New construction / facility expansion
BTarrant County Cultural Education Facilities Finance Corporation2010-07-28$26,909,045New construction / facility expansion

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$28,164,985$1,294,768$12,460,000$563,299
B$26,909,045-$385,000$538,181

Bond Financing Compliance

No rebate due
No
Rebate not yet due
Yes
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
Yes
Exception to rebate
No
Corrective action procedures
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

The management company of this entity is mrc, a related organization.

Form 990, Part VI, Section A, Line 6

Methodist retirement communities approves appointment of the board of directors.

Form 990, Part VI, Section A, Line 7A

Methodist retirement communities, a related organization, approves appointment of the board of directors.

Form 990, Part VI, Section A, Line 7B

Methodist retirement communities, a related organization, has a right to approve or reject any decisions made by the governing body.

Form 990, Part VI, Section B, Line 11

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.

Form 990, Part VI, Section B, Line 12C

The organization requires signed affidavit identifying conflict of interest by annual board meeting of mrc each year.

Form 990, Part VI, Section B, Line 15

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.

Form 990, Part VI, Section C, Line 19

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

Filing and Contact Details

Filer

Filer Name
Mrc Crestview
EIN
76-0520414
Phone
2813632600
Address
1440 LAKE FRONT CIRCLE NO 110, THE WOODLANDS, TX 77380

Signing Officer

Name
Don Stephens
Title
CFO
Phone
2813632600
Signed
2016-09-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ron Jennette
Formed
1996
Legal Domicile
TX
Voting Board Members
10
Independent Board Members
9
Employees
0
Volunteers
100

Preparer

Firm
Cliftonlarsonallen Llp
Address
5001 SPRING VALLEY ROAD SUITE 600W, DALLAS, TX 75244
Preparer
Michael Siegel
Phone
9723835700
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 1

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 support suites for those with alzheimer's and other dementias, and skilled nursing & rehabilitation units. The organization accepts medicare & medicaid payments along with private pay and some insurance plans. The organization also opens its doors to periodically provide space use for other local nonprofits, such as lions, rotary, chamber, etc.

Form 990, Part III, Line 4A

Form 990, part iii, line 1 continuation: 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 support suites for those with alzheimer's and other dementias, and skilled nursing & rehabilitation units. The organization accepts medicare & medicaid payments along with private pay and some insurance plans. The organization also opens its doors to periodically provide space use for other local nonprofits, such as lions, rotary, chamber, etc.

FORM 990, PART XI, LINE 9:

Depreciation expense for assets held in trust -1,803,043. Lease payments and capital additions paid to landlord on return 1,764,959.

Form 990, Part XII, Line 2C

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.

Financial Statement Notes

PART X, LINE 2:

The organization's income tax returns are subject to review and examination by federal, state, and local authorities. The organization is not aware of any activities that would jeopardize its tax-exempt status. The organization reports any activities that are subject to tax on unrelated business income or excise or other taxes and files all proper returns related to these activities.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Uncollectible accounts -3,008.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Depreciation expense on books not on return 1,803,043.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Uncollectible accounts 3,008.

Raw XML AppendixShowing 400 of 968 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/PersonNm6MR JOE G HANOVER
IRS990/Form990PartVIISectionAGrp/PersonNm7MR JOHN C HICKS
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IRS990/Form990PartVIISectionAGrp/PersonNm9REV JACK A WOMACK
IRS990/Form990PartVIISectionAGrp/PersonNm10MR MATTHEW CURRIE
IRS990/Form990PartVIISectionAGrp/PersonNm11MR DON STEPHENS
IRS990/Form990PartVIISectionAGrp/PersonNm12MRS DONNA WILLIAMS
IRS990/Form990PartVIISectionAGrp/PersonNm13MR CHARLES CHILDRESS
IRS990/Form990PartVIISectionAGrp/PersonNm14MR HAROLD ERMSHAR
IRS990/Form990PartVIISectionAGrp/PersonNm15MS RENEE SKILLERN
IRS990/Form990PartVIISectionAGrp/PersonNm16MS NATASHA CRABBE
IRS990/Form990PartVIISectionAGrp/PersonNm17MR TODD PARTIN
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