Civic Intelligence

Methodist Retirement Communities

990 • Fiscal year 2015 • EIN 76-6176219

Jan 01, 2015 to Dec 31, 2015 • Filed on Sep 30, 2016

Organization ProfileWWW.MRCAFF.ORG
1440 Lake Front Circle No 110The Woodlands, TX 77380

(281) 363-2600

Siviq Scores

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

Liabilities / Assets

17th percentile

0.04x

Higher debt load relative to assets than 17% of similar nonprofits.

2015 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2015

Liabilities / Revenue

100th percentile

786.79x

Higher debt load relative to revenue than 100% of similar nonprofits.

2015 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2015

Net Margin

1st percentile

-110137%

Higher net margin than 1% of similar nonprofits.

2015 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2015

Top Officer Pay

41st percentile

$288,177

Higher top officer pay than 41% of similar nonprofits.

Top officer pay equals 6237.6% of source-year revenue.

2015 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2015

Asset Growth

36th percentile

-0.6%

Faster asset growth than 36% of similar nonprofits.

2015 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2014 to 2015

Revenue Growth

35th percentile

0.0%

Faster revenue growth than 35% of similar nonprofits.

2015 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets17th percentile

Assets

Down

$86,608,699

Down $500,146 (-0.6%) from 2014

Net Assets

Down

$82,973,725

Down $182,489 (-0.2%) from 2014

Liabilities

Down

$3,634,974

Down $317,657 (-8.0%) from 2014

Revenue And Expenses
Liabilities / Revenue100th percentileNet Margin1st percentile

Revenue

Flat

$4,620

Flat from 2014

Expenses

Up

$5,092,932

Up $167,323 (+3.4%) from 2014

Net Income

Down

-$5,088,312

Down $167,323 (-3.4%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth36th percentile

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

$100M$50M$0Assets 2010: $46,738,277Liabilities 2010: $9,037,690Net Assets 2010: $37,700,5872010Assets 2011: $64,111,659Liabilities 2011: $9,658,530Net Assets 2011: $54,453,1292011Assets 2012: $85,735,703Liabilities 2012: $4,546,831Net Assets 2012: $81,188,8722012Assets 2013: $87,511,694Liabilities 2013: $4,276,679Net Assets 2013: $83,235,0152013Assets 2014: $87,108,845Liabilities 2014: $3,952,631Net Assets 2014: $83,156,2142014Assets 2015: $86,608,699Liabilities 2015: $3,634,974Net Assets 2015: $82,973,7252015Assets 2016: $91,473,964Liabilities 2016: $3,322,880Net Assets 2016: $88,151,0842016

Highlighted filing

2015

Assets$86,608,699
Liabilities$3,634,974
Net Assets$82,973,725
Open 2015 Filing

Operations Trend

Revenue Growth35th percentile

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

$10M$5.0M$0-$5.0M-$10MExpenses 2010: $2,791,3662010Expenses 2011: $2,832,9832011Expenses 2012: $3,354,3562012Revenue 2013: $0Expenses 2013: $4,568,817Net Income 2013: -$4,568,8172013Revenue 2014: $4,620Expenses 2014: $4,925,609Net Income 2014: -$4,920,9892014Revenue 2015: $4,620Expenses 2015: $5,092,932Net Income 2015: -$5,088,3122015Revenue 2016: $4,620Expenses 2016: $5,597,862Net Income 2016: -$5,593,2422016

Highlighted filing

2015

Revenue$4,620
Expenses$5,092,932
Net Income-$5,088,312
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Sep 30, 2016
Return Version
2015v2.1
Gross Receipts
$4,620
Mission and Program Overview

Mission

The organization owns the property and real estate for methodist retirement communities and its affiliates, an organization committed to quality living for senior adults in faith-based environments. The covenant connection with the texas annual conference of united methodists links the organization to its heritage and origin, though the entire system openly accepts persons of all faiths and beliefs; with no discrimination toward residents, staff, board members, volunteers, donors, vendors, etc. The organization encourages donations to our foundation to help our affiliates assist and retain residents who outlive their resources in running low on funds or eventually even out of money through no fault of their own. The property and real estate is used by the affiliates to provide services, programs, activities, care and housing to seniors in independent/residential apartments, assisted living apartments, specialty memory support suites for those with alzheimer's and other dementias.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$84,614,043$83,982,131▼ $631,912
Cash and Non-Interest-Bearing Accounts$4,620$9,240▲ $4,620
Total Assets$87,108,845$86,608,699▼ $500,146
Other Assets Total$2,490,182$2,617,328▲ $127,146
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,940,619$3,623,078▼ $317,541
Accounts Payable and Accrued Expenses$10,715$10,310▼ $405
Other Liabilities$1,297$1,586▲ $289
Total Liabilities$3,952,631$3,634,974▼ $317,657
Net Assets / Fund Balance
Unrestricted Net Assets$83,156,214$82,973,725▼ $182,489
Total Net Assets Fund Balance$83,156,214$82,973,725▼ $182,489
Total Liabilities and Net Assets / Fund Balance$87,108,845$86,608,699▼ $500,146

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$71,098,978$24,720,283$95,819,261
Equipment$6,651,845$5,722,641$12,374,486
Other Land Buildings$3,003,533$2,598,291$5,601,824
Land$3,227,775-$3,227,775
Compensation and Service Providers
Top Officer Pay41st percentile

Employees

NameTitleOtherTotal
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 Director$122,391$122,391
Mrs Cynthia CastilloAssistant Secretary$48,898$48,898

Board Members and Trustees

NameTitle
Mr Donald N MorrissChair
Rev Jack a WomackVice Chair
Judge James M CarlowDirector
Mr John C HicksDirector
Mr Tony E DoughtieDirector
Mr Wayne HaglundDirector
Mrs Kimberly K DenneyDirector
Rev Bt WilliamsonDirector
Mr Don StephensCFO/assistant Treasurer
Mr Ronald E JennetteSecretary/treasurer
Mr Charles ChildressSr VP of Operations
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$4,620
Change in Net Assets
$-5,088,312

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,620
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$4,620
Total Revenue per Form 990
$4,620
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$5,092,932
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$4,935,877--$4,935,877
Interest$156,766--$156,766
Office Expenses$289--$289
Total Functional Expenses$5,092,932$0$0$5,092,932

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$5,092,932
Expenses Not Reported on Financial Statements$5,092,643
Other Expense Adjustments$5,092,643
Expenses per Audited Statements$289
Total Expenses per Audited Statements$289
Expenses Not Reported on Form 990$0
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
Due to Wsrg$5,345
Accrued Audit Fees$-3,759
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
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“Methodist retirement communities approves appointment of the majority of the board of directors.”

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

“Methodist retirement communities, a related organization, approves appointment of the majority 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 990's 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

“The governing documents, conflict of interest policy, and financial statements are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Aldersgate Trust
EIN
76-6176219
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
2001
Legal Domicile
TX
Voting Board Members
9
Independent Board Members
8
Employees
0
Volunteers
0

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 XI, LINE 9:

“Payments from affiliates for capital additions and debt -186,820. Depreciation/interest expense on return, not on books 5,092,643.”

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 XII, LINE 4B - OTHER ADJUSTMENTS:

“Depreciation expense on return not on books 4,935,877. Interest expense on return not on books 156,766.”

Raw XML AppendixShowing 400 of 740 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/ActivityOrMissionDesc0THE ORGANIZATION OWNS THE PROPERTY AND REAL ESTATE FOR METHODIST RETIREMENT COMMUNITIES AND ITS AFFILIATES, AN ORGANIZATION COMMITTED TO QUALITY LIVING FOR SENIOR ADULTS IN FAITH-BASED ENVIRONMENTS. THE COVENANT CONNECTION WITH THE TEXAS ANNUAL CONFERENCE OF UNITED METHODISTS LINKS THE ORGANIZATION TO ITS HERITAGE AND ORIGIN, THOUGH THE ENTIRE SYSTEM OPENLY ACCEPTS PERSONS OF ALL FAITHS AND BELIEFS; WITH NO DISCRIMINATION TOWARD RESIDENTS, STAFF, BOARD MEMBERS, VOLUNTEERS, DONORS, VENDORS, ETC. THE ORGANIZATION ENCOURAGES DONATIONS TO OUR FOUNDATION TO HELP OUR AFFILIATES ASSIST AND RETAIN RESIDENTS WHO OUTLIVE THEIR RESOURCES IN RUNNING LOW ON FUNDS OR EVENTUALLY EVEN OUT OF MONEY THROUGH NO FAULT OF THEIR OWN. THE PROPERTY AND REAL ESTATE IS USED BY THE AFFILIATES TO PROVIDE SERVICES, PROGRAMS, ACTIVITIES, CARE AND HOUSING TO SENIORS IN INDEPENDENT/RESIDENTIAL APARTMENTS, ASSISTED LIVING APARTMENTS, SPECIALTY MEMORY SUPPORT SUITES FOR THOSE WITH ALZHEIMER'S AND OTHER DEMENTIAS.
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IRS990/Form990PartVIISectionAGrp/PersonNm10MR DON STEPHENS
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IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR
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IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt12EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13CONTROLLER
IRS990/Form990PartVIISectionAGrp/TitleTxt14MARKETING DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15VP/EXECUTIVE DIRECTOR
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IRS990/FormationYr02001
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IRS990/FSAuditedInd01
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IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt04620
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IRS990/IncludeFIN48FootnoteInd01
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IRS990/InfoInScheduleOPartVIInd0X
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IRS990/InfoInScheduleOPartXIInd0X
IRS990/InterestGrp/ProgramServicesAmt0156766
IRS990/InterestGrp/TotalAmt0156766
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IRS990/LandBldgEquipAccumDeprecAmt033041215
IRS990/LandBldgEquipBasisNetGrp/BOYAmt084614043
IRS990/LandBldgEquipBasisNetGrp/EOYAmt083982131
IRS990/LandBldgEquipCostOrOtherBssAmt0117023346
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IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
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IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE ORGANIZATION OWNS THE PROPERTY AND REAL ESTATE FOR METHODIST RETIREMENT COMMUNITIES AND ITS AFFILIATES, AN ORGANIZATION COMMITTED TO QUALITY LIVING FOR SENIOR ADULTS IN FAITH-BASED ENVIRONMENTS. THE COVENANT CONNECTION WITH THE TEXAS ANNUAL CONFERENCE OF UNITED METHODISTS LINKS THE ORGANIZATION TO ITS HERITAGE AND ORIGIN, THOUGH THE ENTIRE SYSTEM OPENLY ACCEPTS PERSONS OF ALL FAITHS AND BELIEFS; WITH NO DISCRIMINATION TOWARD RESIDENTS, STAFF, BOARD MEMBERS, VOLUNTEERS, DONORS, VENDORS, ETC. THE ORGANIZATION ENCOURAGES DONATIONS TO OUR FOUNDATION TO HELP OUR AFFILIATES ASSIST AND RETAIN RESIDENTS WHO OUTLIVE THEIR RESOURCES IN RUNNING LOW ON FUNDS OR EVENTUALLY EVEN OUT OF MONEY THROUGH NO FAULT OF THEIR OWN. THE PROPERTY AND REAL ESTATE IS USED BY THE AFFILIATES TO PROVIDE SERVICES, PROGRAMS, ACTIVITIES, CARE AND HOUSING TO SENIORS IN INDEPENDENT/RESIDENTIAL APARTMENTS, ASSISTED LIVING APARTMENTS, SPECIALTY MEMORY SUPPORT SUITES FOR THOSE WITH ALZHEIMER'S AND OTHER DEMENTIAS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
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IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt03623078
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IRS990/OfficeExpensesGrp/TotalAmt0289
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IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt02490182
IRS990/OtherAssetsTotalGrp/EOYAmt02617328
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IRS990/OtherLiabilitiesGrp/EOYAmt01586
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MANAGEMENT REVENUE
IRS990/OtherRevenueMiscGrp/ExclusionAmt04620
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IRS990/OtherRevenueTotalAmt04620
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0RON JENNETTE
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IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-5088312
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
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IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd01
IRS990ScheduleA/OtherSupportSumAmt05092643
IRS990ScheduleA/SupportedOrganizationsCnt07
IRS990ScheduleA/SupportedOrganizationsTotalCnt07
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IRS990ScheduleA/SupportedOrgInformationGrp/EIN1760347078
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IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd61
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IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd29
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd39
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IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd59
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd69
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt11649472
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt21803043
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt30
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt40
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt51011747
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt6628381
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt10
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt20
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt30
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt40
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt50
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt60
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0HAPPY HARBOR METHODIST HOME
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt1MRC PINECREST
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt2MRC CRESTVIEW
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt3MOODY HOUSE
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt4METHODIST RETIREMENT COMMUNITIES
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt5MRC CORNERSTONE
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt6MRC TOWNCREEK
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IRS990ScheduleA/SupportingOrgType1Ind0X
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1-3759
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO WSRG
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED AUDIT FEES
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt04620
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE 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.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1DEPRECIATION EXPENSE ON RETURN NOT ON BOOKS 4,935,877. INTEREST EXPENSE ON RETURN NOT ON BOOKS 156,766.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 4B - OTHER ADJUSTMENTS:
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IRS990ScheduleD/TotalExpensesPerForm990Amt05092932
IRS990ScheduleD/TotalLiabilityAmt01586
IRS990ScheduleD/TotalRevenuePerForm990Amt04620
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04620
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IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$86,608,699
Liabilities
$3,634,974
Net assets
$82,973,725
Revenue
$4,620
Expenses
$5,092,932
Net income
-$5,088,312
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$91.5$3.32$88.2$0.00$5.60$5.59
2015Detailed filing. Detailed filing data is available for this year.$86.6$3.63$83.0$0.00$5.09$5.09
2014Detailed filing. Detailed filing data is available for this year.$87.1$3.95$83.2$0.00$4.93$4.92
2013Detailed filing. Detailed filing data is available for this year.$87.5$4.28$83.2$0.00$4.57$4.57
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$85.7$4.55$81.2$3.35
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$64.1$9.66$54.5$2.83
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$46.7$9.04$37.7$2.79