2025-10-30T16:18:17-05:00 2024-12-31 410746749 CLIFTONLARSONALLEN LLP 15303 N DALLAS PARKWAY SUITE 1400 ADDISON TX 75001 990 2024-01-01 741403088 METHODIST RETIREMENT COMMUNITIES METH 2813632600 1440 LAKE FRONT CIRCLE 140 THE WOODLANDS TX 77380 LEE TRUMBLE CHIEF FINANCIAL OFFICER 2813632600 2025-10-30 1 1 MICHAEL SIEGEL P01587323 9723835700 2025-10-30 2024 2025-03-06 01:10:19Z LEE TRUMBLE 1440 LAKE FRONT CIRCLE 140 THE WOODLANDS TX 77380 5575324 0 X WWW.MRCAFF.ORG X 1965 TX PROVIDE ADMINISTRATIVE, EXECUTIVE AND STRATEGIC PLANNING TO THE AFFILIATES OF MRC. 14 14 1465 14 0 0 816866 102023 5141944 5215256 139833 232451 85176 24299 6183819 5574029 0 10000 0 0 4262833 4416314 0 0 0 1164190 1188720 5427023 5615034 756796 -41005 18079395 12609095 6335537 825538 11743858 11783557 X THE ORGANIZATION'S EXEMPT PURPOSE IS TO BE THE CORPORATE AND ADMINISTRATIVE HEADQUARTERS FOR METHODIST RETIREMENT COMMUNITIES AND ITS AFFILIATED MINISTRIES. 0 0 10000 10000 5215256 THE ORGANIZATION IS THE CENTRAL SUPPORT HUB FOR METHODIST RETIREMENT COMMUNITIES AND ITS AFFILIATES, AN ORGANIZATION COMMITTED TO QUALITY LIVING FOR SENIOR ADULTS IN FAITH-BASED ENVIRONMENTS. THE ORGANIZATION TAKES GREAT PRIDE IN SEEING THAT OUR AFFILIATES ARE AN IMPORTANT PART OF THE BROADER, LOCAL COMMUNITY WHERE THEY SERVE SENIORS AND PROVIDE EMPLOYMENT IN MEETING OUR 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 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 (CONTINUED ON SCHEDULE O)TO HELP OUR AFFILIATES ASSIST AND RETAIN RESIDENTS WHO RUN LOW ON FUNDS OR EVENTUALLY EVEN OUT OF MONEY THROUGH NO FAULT OF THEIR OWN. THE ORGANIZATION PROVIDES FINANCE, ACCOUNTING, HUMAN RESOURCES, TECHNOLOGY, MARKETING, OPERATIONS AND EXECUTIVE & STRATEGIC PLANNING LEADERSHIP TO THE AFFILIATES OF MRC AS THE AFFILIATES PROVIDE SERVICES, PROGRAMS, ACTIVITIES, CARE AND HOUSING TO SENIORS IN INDEPENDENT/RESIDENTIAL APARTMENTS (BOTH MARKET-RATE AND LOW-INCOME), ASSISTED LIVING APARTMENTS, SPECIALTY MEMORY SUPPORT SUITES FOR THOSE WITH ALZHEIMER'S AND OTHER DEMENTIAS, SKILLED NURSING & REHABILITATION UNITS, AND HOME HEALTH & HOME SERVICES. THE ORGANIZATION OVERSEES THE LICENSING WHEREBY SOME OF THE ORGANIZATION'S AFFILIATES ACCEPT MEDICARE, MEDICAID AND/OR HUD PAYMENTS ALONG WITH PRIVATE PAY AND CERTAIN INSURANCE PLANS. THE ORGANIZATION ENCOURAGES ITS AFFILIATES TO ALSO OPEN ITS DOORS IN ITS LOCAL BROADER COMMUNITY TO PERIODICALLY PROVIDE SPACE USE FOR OTHER LOCAL NONPROFITS, SUCH AS LIONS, ROTARY, CHAMBER, ETC. 10000 1 1 0 0 0 0 0 0 0 0 1 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 34 0 1465 1 0 0 0 0 0 0 0 0 0 0 0 0 X 14 14 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X MICHELLE MILES 2812100114 1440 LAKE FRONT CIRCLE SUITE 140 THE WOODLANDS TX 77380 MRS ALYCE ANNE BAGGETT CHAIR 1.00 9.00 X X 0 0 0 REV PRESTON MORGAN VICE CHAIR 1.00 9.00 X X 0 0 0 MS ALICIA BESSER DIRECTOR 1.00 1.00 X 0 0 0 MR JIM BUNCH DIRECTOR 1.00 1.00 X 0 0 0 MR DALE CONGER DIRECTOR 1.00 1.00 X 0 0 0 REV KIP GILTS DIRECTOR 1.00 1.00 X 0 0 0 MR WAYNE D HAGLUND DIRECTOR 1.00 1.00 X 0 0 0 MR BILL KING DIRECTOR 1.00 1.00 X 0 0 0 MR BILL KOERNER DIRECTOR 1.00 1.00 X 0 0 0 REV ROMONICA MALONE-WARDLEY DIRECTOR 1.00 1.00 X 0 0 0 REV ED SIMMONS DIRECTOR 1.00 1.00 X 0 0 0 MS FRANKIE WATSON DIRECTOR 1.00 1.00 X 0 0 0 REV BILLY T WILLIAMSON DIRECTOR 1.00 1.00 X 0 0 0 MR MAC WOODWARD DIRECTOR 1.00 1.00 X 0 0 0 MR ALAN BROWN PRESIDENT AND CEO 0.00 40.00 X 505575 0 43462 MR DON STEPHENS CHIEF FINANCIAL OFFICER 2.00 38.00 X 266024 0 31899 MS AMY THOMAS VP & EXECUTIVE DIRECTOR 0.00 40.00 X 187082 0 37727 MS JILL JANES VP OF SALES & MARKETING 0.00 40.00 X 191037 0 37985 MR MATTHEW CURRIE VP & EXECUTIVE DIRECTOR 0.00 40.00 X 198191 0 17651 MS DEBORAH NUGENT EXECUTIVE DIRECTOR 0.00 40.00 X 181195 0 14800 MS FRANCES BELTRAN VP OF HUMAN RESOURCES 0.00 40.00 X 181457 0 14125 1710561 0 197649 39 0 1 0 CLIFTONLARSONALLEN LLP PO BOX 679334 DALLAS TX 75267 PROFESSIONAL SERVICES 350558 1 102023 102023 MANAGEMENT FEES 623000 5215256 5215256 5215256 233746 233746 1295 -1295 -1295 -1295 OTHER 623000 24299 24299 24299 5574029 5215256 0 256750 10000 10000 846960 846960 2823135 2823135 124337 124337 384959 384959 236923 236923 32901 32901 13313 13313 101801 101801 143793 143793 114885 114885 198687 198687 33875 33875 235427 235427 29465 29465 27490 27490 13514 13514 23796 23796 LEASE PAYMENTS 128482 128482 EDUCATIONAL/TRAINING 54436 54436 DUES & SUBSCRIPTIONS 20774 20774 EQUIPMENT RENTAL 10944 10944 5137 5137 5615034 10000 5605034 0 1526257 1670568 2149441 2138509 2634 652000 652000 197493 205816 220835 200687 33831 20148 2653396 2868809 18461 13734 10848516 5036877 18079395 12609095 380199 373924 607984 451614 5347354 0 6335537 825538 X 11743858 11783557 11743858 11783557 18079395 12609095 X -41005 85431 -4727 X X 0 1 X 1 0 X 1317 75636 3745111 816866 102023 4740953 3762380 3936167 4418349 5141833 5215256 22473985 3763697 4011803 8163460 5958699 5317279 27214938 0 0 0 27214938 190629 32938 139833 233746 597146 190629 32938 139833 233746 597146 386402 85176 24299 495877 3954326 4011803 8582800 6183708 5575324 28307961 0.96140 0.96390 0.02110 0.01840 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 92741 79191 13550 128094 121496 6598 20148 CONTRIBUTED CAPITAL 311888 RELATED PARTY RECEIVABLE 4724989 5036877 X 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. 1 LEADINGAGE 2519 CONNECTICUT AVE NW WASHINGTON DC 20008 136213525 501(C)(3) 10000 0 N/A N/A DISASTER RELIEF 1 0 X 1 0 X X X 0 0 0 0 0 0 0 0 0 MR ALAN BROWN PRESIDENT AND CEO 505575 0 0 0 0 0 13620 0 29842 0 549037 0 0 0 MR DON STEPHENS CHIEF FINANCIAL OFFICER 266024 0 0 0 0 0 10963 0 20936 0 297923 0 0 0 MS JILL JANES VP OF SALES & MARKETING 191037 0 0 0 0 0 8143 0 29842 0 229022 0 0 0 MS AMY THOMAS VP & EXECUTIVE DIRECTOR 187082 0 0 0 0 0 7885 0 29842 0 224809 0 0 0 MR MATTHEW CURRIE VP & EXECUTIVE DIRECTOR 198191 0 0 0 0 0 7704 0 9947 0 215842 0 0 0 MS DEBORAH NUGENT EXECUTIVE DIRECTOR 181195 0 0 0 0 0 7140 0 7660 0 195995 0 0 0 MS FRANCES BELTRAN VP OF HUMAN RESOURCES 181457 0 0 0 0 0 6465 0 7660 0 195582 0 0 0 PART I, LINE 1A THE FOLLOWING INDIVIDUALS RECEIVED A TAX INDEMNIFICATION AND GROSS-UP PAYMENTS DURING 2024: ALAN BROWN - $511 DON STEPHENS - $784 MATTHEW CURRIE - $511 AMY THOMAS - $273 JILL JANES - $119 DEBORAH NUGENT - $1,088 FRANCES BELTRAN - $784 FORM 990, PART VI, SECTION A, LINE 1A DURING THE INTERVALS BETWEEN MEETINGS OF THE BOARD OF DIRECTORS, THE EXECUTIVE COMMITTEE SHALL POSSESS AND MAY EXERCISE ALL THE POWERS AND FUNCTIONS OF THE BOARD OF DIRECTORS IN THE MANAGEMENT AND DIRECTION OF THE AFFAIRS OF THE ORGANIZATION IN ALL CASES IN WHICH SPECIFIC DIRECTION SHALL NOT HAVE BEEN GIVEN BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 3 METHODIST RETIREMENT COMMUNITIES IMPLEMENTED NEW STRUCTURES WHICH WOULD INCLUDE FOUR BOARD MEETINGS A YEAR WHERE ALL MRC AND AFFILIATES BUSINESS WOULD BE DISCUSSED, WITH ALL AFFILIATE BOARD MEMBERS INCLUDED IN THE MRC BOARDS. UNITED METHODIST SENIOR SERVICES FOUNDATION AND ALDERSGATE TRUST UPDATES TERMS TO BE THREE YEARS, CONSISTENT WITH THE OTHER ENTITIES. PINECREST AND CORNERSTONE HAVE BEEN REMOVED FROM THE QUORUM, WITH LANGUAGE UPDATES REQUIRING PRESIDENT AND EXECUTIVE DIRECTOR TO BE PART OF A QUORUM AT CRESTVIEW. THEY ARE NOW NON-VOTING MEMEBERS WHO WILL NOT BE COUNTED FOR QUORUM. BYLAWS CHANGED TO BRING ALIGNMENT BY UNIFYING THE SIZE OF THE BOARD ACROSS ALL ENTITIES, CREATE MROE CONSISTENCY BY BRINGING ALL KEY TERMS INTO ALIGNMENT, AND UNIFY PROCESSES. FORM 990, PART VI, SECTION B, LINE 11B 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 990S ARE REVIEWED AND APPROVED BY THE AUDIT COMMITTEE OF THE BOARD AND ALSO MADE AVAILABLE TO THE ENTIRE BOARD PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE COI POLICY COVERS BOARD MEMBERS AND EXECUTIVE MANAGEMENT. EXAMPLES OF EVENTS CONSIDERED A COI AS DESCRIBED IN THE POLICY INCLUDE: (1) AN ACTIVITY THAT INCLUDES AN OPPORTUNITY FOR A PERSONAL GAIN (FINANCIAL OR MATERIAL), (2) AN INTEREST OR ACTIVITY THAT COMPETES WITH THE BEST INTERESTS OF MRC OR ONE OF ITS AFFILIATES, (3) THE WRONGFUL TRANSFER OR DISPOSAL OF MRC PROPERTY, (4) INAPPROPRIATE DISCLOSURE OF MRC BUSINESS PRACTICES. ANY POTENTIAL COI'S DISCLOSED BY EXECUTIVES AND BOARD MEMBERS ARE REVIEWED BY THE PRESIDENT/CEO (IN THE CASE OF EXECUTIVES) AND THE MRC GOVERNANCE COMMITEE (IN THE CASE OF BOARD MEMBERS). BOARD MEMBERS ARE REQUIRED TO REFRAIN FROM VOTING ON ISSUES THAT COULD CAUSE A POTENTIAL COI. COI'S THAT ARE NOT ACKNOWLEDGED CAN LEAD TO REMOVAL FROM THE BOARD OR TERMINATION OF EMPLOYMENT, AS APPLICABLE. 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. FORM 990, PART XI, LINE 9: CHANGE IN FAIR VALUE OF INTEREST RATE SWAPS -4,727. 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. METHODIST RETIREMENT COMMUNITIES GROUP RETURN 1440 LAKE FRONT CIRCLE STE 140 THE WOODLANDS TX 77380 384022302 PROVIDING HOUSING FOR ELDERLY & HANDICAPPED INDIVIDUALS TX 501(C)(3) LINE 10 METHODIST RETIREMENT COMMUNITIES 1 UNITED METHODIST SENIOR SERVICES FOUNDATION 1440 LAKE FRONT CIRCLE STE 140 THE WOODLANDS TX 77380 205992404 PROVIDING HOUSING FOR ELDERLY & HANDICAPPED INDIVIDUALS TX 501(C)(3) LINE 12A, I METHODIST RETIREMENT COMMUNITIES 1 0 0 1 1 1 1 0 0 0 0 1 1 0 0 0 0 1 0 0 UNITED METHODIST SENIOR SERVICES FOUNDATION C 102023 FMV METHODIST RETIREMENT COMMUNITIES GROUP RETURN D 652000 FMV METHODIST RETIREMENT COMMUNITIES GROUP RETURN Q 938236 FMV METHODIST RETIREMENT COMMUNITIES GROUP RETURN L 5058632 FMV