Civic Intelligence

Dallas Mennonite Retirement Community Inc.

990 • Fiscal year 2020 • EIN 93-0415213

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 02, 2021

377 NW Jasper StreetDallas, OR 97338

(503) 623-5581

Siviq Scores

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

Liabilities / Assets

88th percentile

0.89x

Higher debt load relative to assets than 88% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2020

Liabilities / Revenue

88th percentile

2.91x

Higher debt load relative to revenue than 88% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2020

Net Margin

37th percentile

0.6%

Higher net margin than 37% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2020

Top Officer Pay

27th percentile

$225,456

Higher top officer pay than 27% of similar nonprofits.

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

2020 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2020

Asset Growth

89th percentile

38%

Faster asset growth than 89% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2019 to 2020

Revenue Growth

59th percentile

5.7%

Faster revenue growth than 59% of similar nonprofits.

2020 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2019 to 2020

Assets

Up

$80,889,135

Up $22,170,757 (+38%) from 2019

Net Assets

Up

$8,523,966

Up $143,644 (+1.7%) from 2019

Liabilities

Up

$72,365,169

Up $22,027,113 (+44%) from 2019

Revenue

Up

$24,854,062

Up $1,344,555 (+5.7%) from 2019

Expenses

Up

$24,710,418

Up $561,681 (+2.3%) from 2019

Net Income

Up

$143,644

Up $782,874 (+122%) from 2019

Historical Trend

Balance Sheet Trend

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

$100M$50M$0Assets 2010: $30,420,728Liabilities 2010: $24,676,119Net Assets 2010: $5,744,6092010Assets 2011: $31,103,270Liabilities 2011: $24,310,897Net Assets 2011: $6,792,3732011Assets 2012: $30,652,015Liabilities 2012: $23,635,914Net Assets 2012: $7,016,1012012Assets 2013: $31,609,872Liabilities 2013: $23,605,052Net Assets 2013: $8,004,8202013Assets 2014: $34,771,631Liabilities 2014: $24,603,296Net Assets 2014: $10,168,3352014Assets 2015: $62,445,557Liabilities 2015: $50,805,866Net Assets 2015: $11,639,6912015Assets 2016: $68,133,677Liabilities 2016: $56,462,196Net Assets 2016: $11,671,4812016Assets 2017: $61,136,943Liabilities 2017: $50,997,418Net Assets 2017: $10,139,5252017Assets 2018: $59,639,771Liabilities 2018: $50,620,219Net Assets 2018: $9,019,5522018Assets 2019: $58,718,378Liabilities 2019: $50,338,056Net Assets 2019: $8,380,3222019Assets 2020: $80,889,135Liabilities 2020: $72,365,169Net Assets 2020: $8,523,9662020Assets 2021: $84,334,175Liabilities 2021: $75,043,275Net Assets 2021: $9,290,9002021Assets 2022: $76,871,967Liabilities 2022: $71,150,455Net Assets 2022: $5,721,5122022Assets 2023: $75,122,926Liabilities 2023: $70,936,251Net Assets 2023: $4,186,6752023Assets 2024: $76,488,378Liabilities 2024: $70,105,558Net Assets 2024: $6,382,8202024

Highlighted filing

2020

Assets$80,889,135
Liabilities$72,365,169
Net Assets$8,523,966

Operations Trend

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

$40M$20M$0-$20MExpenses 2010: $14,970,6492010Expenses 2011: $15,330,9212011Expenses 2012: $16,037,3742012Revenue 2013: $17,094,917Expenses 2013: $16,036,200Net Income 2013: $1,058,7172013Revenue 2014: $18,100,197Expenses 2014: $15,936,682Net Income 2014: $2,163,5152014Revenue 2015: $18,781,717Expenses 2015: $17,310,361Net Income 2015: $1,471,3562015Revenue 2016: $18,186,129Expenses 2016: $18,154,339Net Income 2016: $31,7902016Revenue 2017: $20,083,101Expenses 2017: $21,615,057Net Income 2017: -$1,531,9562017Revenue 2018: $22,300,481Expenses 2018: $22,638,402Net Income 2018: -$337,9212018Revenue 2019: $23,509,507Expenses 2019: $24,148,737Net Income 2019: -$639,2302019Revenue 2020: $24,854,062Expenses 2020: $24,710,418Net Income 2020: $143,6442020Revenue 2021: $25,845,409Expenses 2021: $25,078,475Net Income 2021: $766,9342021Revenue 2022: $27,069,873Expenses 2022: $30,639,261Net Income 2022: -$3,569,3882022Revenue 2023: $31,895,683Expenses 2023: $33,592,300Net Income 2023: -$1,696,6172023Revenue 2024: $37,478,798Expenses 2024: $35,544,606Net Income 2024: $1,934,1922024

Highlighted filing

2020

Revenue$24,854,062
Expenses$24,710,418
Net Income$143,644
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 2, 2021
Return Version
2020v4.0
Gross Receipts
$24,854,062
Mission and Program Overview

Mission

to demonstrate Christ's love by providing a continuum of quality services and care to meet the physical, emotional and spiritual needs of our residents with dignity and respect.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$45,681,743$50,594,865▲ $4,913,122
Savings and Temporary Cash Investments$6,209,532$9,601,385▲ $3,391,853
Accounts Receivable$1,773,596$1,626,490▼ $147,106
Intangible Assets$784,633$1,448,312▲ $663,679
Cash and Non-Interest-Bearing Accounts$457,772$633,794▲ $176,022
Prepaid Expenses and Deferred Charges$470,884$548,484▲ $77,600
Other Notes and Loans Receivable, Net-$190,000-
Inventories for Sale or Use$85,120$174,884▲ $89,764
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Total Assets$58,718,378$80,889,135▲ $22,170,757
Other Assets Total$3,255,098$16,070,921▲ $12,815,823
Liabilities
Tax Exempt Bond Liabilities$20,155,000$37,950,000▲ $17,795,000
Other Liabilities$17,686,881$18,958,539▲ $1,271,658
Mortgage Notes Payable Secured by Investment Property$10,374,635$9,976,109▼ $398,526
Accounts Payable and Accrued Expenses$2,056,678$3,118,925▲ $1,062,247
Unsecured Notes Loans Payable-$2,306,000-
Deferred Revenue$64,862$55,596▼ $9,266
Total Liabilities$50,338,056$72,365,169▲ $22,027,113
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$8,380,322$8,523,966▲ $143,644
Total Net Assets Fund Balance$8,380,322$8,523,966▲ $143,644
Total Liabilities and Net Assets / Fund Balance$58,718,378$80,889,135▲ $22,170,757

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$40,104,849$16,607,976$56,712,825
Other Land Buildings$6,410,931$377,676$6,788,607
Equipment$863,461$2,767,095$3,630,556
Leasehold Improvements$1,282,005$1,403,168$2,685,173
Land$1,933,619-$1,933,619
Other Assets Org$16,070,921--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
David ParrettExecutive DirecFT$205,370$20,086$225,456

Board Members and Trustees

NameTitle
John BuckinghamPresident
Nancy AdamsVice President
Carolyn WallDirector
Debbie PaulsDirector
Jeremy Santee-MalloyDirector
Mark LowenDirector
Susan HumphreyDirector
LaVonne Wilson JAN-DECSecretary
Bob OttawayTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Deacon ConstructionConstruction Services901 NE Gilsont St Suite 100, Portland, OR 97232$2,736,117
Rehab Care Group IncTherapy ServicesPO Box 503534, St Louis, MO 63150$1,110,089
Life Care Services LLCManagement Services400 Locust Suite 820, Des Moines, IA 50309$474,744
LRS ArchitechtsArchitect720 NW Davis St 300, Portland, OR 97209$339,061
EvergreenMedical/health svcsPO Box 55130, Portland, OR 97238$281,819
Revenue and Support

Revenue Composition

Contributions and Grants
$1,193,058
Program Service Revenue
$23,603,265
Investment Income
$9,454
Other Revenue
$48,285
Change in Net Assets
$143,644
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$13,825,115
Other Expenses$10,873,889
Grants and Similar Amounts Paid$11,414
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$10,174,114$1,074,371-$11,248,485
Depreciation Depletion$2,018,123$30,306-$2,048,429
Other Employee Benefits$1,303,304$114,748-$1,418,052
Fees for Services Other$1,222,306$168,643-$1,390,949
Interest$1,322,358$19,857-$1,342,215
Occupancy$917,600$13,779-$931,379
Payroll Taxes$810,239$72,662-$882,901
All Other Expenses$358,468$274,514-$632,982
Fees for Services Management-$474,744-$474,744
Insurance$341,533$5,129-$346,662
Other Expenses$281,181$18,771-$281,181
Current Officers, Directors, Trustees, and Key Employees-$225,456-$225,456
Advertising-$107,933-$107,933
Fees for Services Accounting-$92,917-$92,917
Pension Plan Contributions$35,695$14,526-$50,221
Office Expenses-$44,400-$44,400
Fees for Services Legal-$13,413-$13,413
Grants to Domestic Orgs$11,414--$11,414
Conferences and Meetings-$4,701-$4,701
Travel$1,195$2,209-$3,404
Total Functional Expenses$21,842,207$2,868,211$0$24,710,418
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Dallas Retirement FoundationDallas, OR501(c)(3)-$11,414
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Wall InsuranceBoard mbr ownsInsurance PolicyNo$318,800

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 Fees - Operating$13,668,632
Attrition Liability$3,786,725
Security Deposits$1,309,612
Retainage Payable$178,197
Accrued INTEREST$15,373

Bond Issues

BondIssuerIssuedIssue PricePurpose
AOR Hospital Facility Auth2015-08-25$27,635,581Refund 2014/fund construction
BOR Hospital Facility Auth2020-07-09$17,366,353To finance capital projects,

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$27,686,831$2,552,364$7,480,000$552,714
B$17,368,277--$337,327

Bond Financing Compliance

No rebate due
Yes
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
Yes
Corrective action procedures
No
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company

Dallas Mennonite Retirement Community contracts its management duties to Life Care Services, LLC, an independent management company.David Parrett, the Executive Director, is an employee of Life Care Services, LLC. His salary and benefits are paid through Life Care Services, LLC.

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

The completed 990 is reviewed by management and presented to the full board for review and approval.

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

At the first board meeting of each year, the policy is reviewed and disclosures signed by all board members.

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

David Parrett, the executive director, is an employee of Life Care Services, LLC. Life Care Services (LCS) is the management company that operates Dallas Mennonite Retirement Community. Mr. Parrett's compensation is set by the management company, not by the filing organization. LCS conducts an independent third party wage study and reviews various industry wage surveys to determine any adjustments to the executive director's salary. Any adjustments are then reviewed with the filing organization's board chair prior to implementation.

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

They are available upon request at the organization's administrative office.

Filing and Contact Details

Filer

Filer Name
Dallas Mennonite Retirement Community
EIN
93-0415213
Phone
5036235581
Address
377 NW Jasper Street, Dallas, OR 97338

Signing Officer

Name
David Parrett
Title
Executive Director
Signed
2021-11-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Parrett
Formed
1947
Legal Domicile
Or
Voting Board Members
9
Independent Board Members
9
Employees
443
Volunteers
30

Preparer

Firm
Hansen Hunter & Company Pc
Address
7080 SW FIR LOOP SUITE 100, TIGARD, OR 97223
Preparer
Lou McCollum
Phone
5032442134
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IRS990/Form990PartVIISectionAGrp/PersonNm2Carolyn Wall
IRS990/Form990PartVIISectionAGrp/PersonNm3Jeremy Santee-Malloy
IRS990/Form990PartVIISectionAGrp/PersonNm4LaVonne Wilson JAN-DEC
IRS990/Form990PartVIISectionAGrp/PersonNm5Nancy Adams
IRS990/Form990PartVIISectionAGrp/PersonNm6Debbie Pauls
IRS990/Form990PartVIISectionAGrp/PersonNm7Mark Lowen
IRS990/Form990PartVIISectionAGrp/PersonNm8Susan Humphrey
IRS990/Form990PartVIISectionAGrp/PersonNm9John Buckingham
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IRS990/Form990PartVIISectionAGrp/TitleTxt2Director
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt5Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
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IRS990/InterestGrp/ManagementAndGeneralAmt019857
IRS990/InterestGrp/ProgramServicesAmt01322358
IRS990/InterestGrp/TotalAmt01342215
IRS990/InventoriesForSaleOrUseGrp/BOYAmt085120
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IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
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IRS990/OtherExpensesGrp/Desc0SUPPLIES
IRS990/OtherExpensesGrp/Desc1LICENSES AND FEES
IRS990/OtherExpensesGrp/Desc2FOOD
IRS990/OtherExpensesGrp/Desc3PROPERTY TAXES
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt118771
IRS990/OtherExpensesGrp/ProgramServicesAmt01257530
IRS990/OtherExpensesGrp/ProgramServicesAmt1889685
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IRS990/OtherExpensesGrp/ProgramServicesAmt3281181
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IRS990/OtherExpensesGrp/TotalAmt1908456
IRS990/OtherExpensesGrp/TotalAmt2897462
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IRS990/OtherLiabilitiesGrp/BOYAmt017686881
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IRS990/PayrollTaxesGrp/TotalAmt0882901
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt014526
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt035695
IRS990/PensionPlanContributionsGrp/TotalAmt050221
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IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0470884
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0548484
IRS990/PrincipalOfficerNm0DAVID PARRETT
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IRS990/ProgramServiceRevenueGrp/BusinessCd2623000
IRS990/ProgramServiceRevenueGrp/Desc0ENTRANCE FEE AMORTIZATION
IRS990/ProgramServiceRevenueGrp/Desc1FEES&CONTRACTS GOV AGENCY
IRS990/ProgramServiceRevenueGrp/Desc2NURSING HOME & RETIRE APT
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt19534224
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt213561398
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt19534224
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IRS990/PYOtherRevenueAmt056738
IRS990/PYProgramServiceRevenueAmt023383620
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IRS990/PYSalariesCompEmpBnftPaidAmt013341839
IRS990/PYTotalExpensesAmt024148737
IRS990/PYTotalRevenueAmt023509507
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IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
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IRS990/ReconcilationRevenueExpnssAmt0143644
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0true
IRS990/RelatedOrganizationsAmt0319485
IRS990/RentalIncomeOrLossGrp/RealAmt047410
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
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IRS990/RoyaltiesGrp/TotalAmt00
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IRS990/SavingsAndTempCashInvstGrp/BOYAmt06209532
IRS990/SavingsAndTempCashInvstGrp/EOYAmt09601385
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt01193058
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt067743
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt071789
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0446400
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt024968
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01803958

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$76.5$70.1$6.38$37.5$35.5$1.93
2023Detailed filing. Detailed filing data is available for this year.$75.1$70.9$4.19$31.9$33.6$1.70
2022Detailed filing. Detailed filing data is available for this year.$76.9$71.2$5.72$27.1$30.6$3.57
2021Detailed filing. Detailed filing data is available for this year.$84.3$75.0$9.29$25.8$25.1$0.77
2020Detailed filing. Detailed filing data is available for this year.$80.9$72.4$8.52$24.9$24.7$0.14
2019Detailed filing. Detailed filing data is available for this year.$58.7$50.3$8.38$23.5$24.1$0.64
2018Detailed filing. Detailed filing data is available for this year.$59.6$50.6$9.02$22.3$22.6$0.34
2017Detailed filing. Detailed filing data is available for this year.$61.1$51.0$10.1$20.1$21.6$1.53
2016Detailed filing. Detailed filing data is available for this year.$68.1$56.5$11.7$18.2$18.2$0.03
2015Detailed filing. Detailed filing data is available for this year.$62.4$50.8$11.6$18.8$17.3$1.47
2014Detailed filing. Detailed filing data is available for this year.$34.8$24.6$10.2$18.1$15.9$2.16
2013Detailed filing. Detailed filing data is available for this year.$31.6$23.6$8.00$17.1$16.0$1.06
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$30.7$23.6$7.02$16.0
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$31.1$24.3$6.79$15.3
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$30.4$24.7$5.74$15.0