2025-10-30T16:02:50-05:00 2024-12-31 410746749 CLIFTONLARSONALLEN LLP 15303 N DALLAS PARKWAY SUITE 1400 ADDISON TX 75001 990 2024-01-01 384022302 METHODIST RETIREMENT COMMUNITIES GROUP RETURN 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 114602842 1 1 6242 X WWW.MRCAFF.ORG X 2016 TX QUALITY LIVING FOR SENIOR ADULTS IN A FAITH-BASED ENVIRONMENT. 14 14 1465 802 0 0 2060437 1354125 100194932 107295954 2329474 3252430 2666538 2665192 107251381 114567701 0 0 0 0 43025604 44885084 0 0 0 82525009 83226358 125550613 128111442 -18299232 -13543741 400169927 384177784 511605704 506900929 -111435777 -122723145 X THE ORGANIZATION IS COMMITTED TO QUALITY LIVING FOR SENIOR ADULTS IN A FAITH-BASED ENVIRONMENT. 0 0 25419027 0 36629105 THE ORGANIZATION PROVIDES SKILLED NURSING SERVICES FOR ITS RESIDENTS AT ITS CCRC LOCATIONS AT MRC TOWNCREEK, MRC CORNERSTONE, MRC CRESTVIEW, MRC PINECREST, HAPPY HARBOR METHODIST HOME INC., AND MRC SENIOR LIVING CORPUS CHRISTI. MRC TOWNCREEK HAS 66 HEALTH CARE BEDS LOCATED IN HUNTSVILLE, TEXAS, MRC CORNERSTONE HAS 40 HEALTH CARE BEDS LOCATED IN TEXARKANA, TEXAS, MRC CRESTVIEW HAS 48 HEALTH CARE BEDS LOCATED IN BRYAN, TEXAS, MRC PINECREST HAS 51 HEALTH CARE BEDS LOCATED IN LUFKIN, TEXAS, HAPPY HARBOR METHODIST HOME, INC. HAS 48 HEALTH CARE BEDS LOCATED IN LEAGUE CITY, TEXAS, AND MRC SENIOR LIVING CORPUS CHRISTI HAS 41 HEALTH CARE BEDS LOCATED IN CORPUS CHRISTI, TEXAS. 47042800 0 38355193 THE ORGANIZATION PROVIDES INDEPENDENT LIVING SERVICES FOR ITS RESIDENTS AT MRC CORNERSTONE, MRC CRESTVIEW, MRC PINECREST, HAPPY HARBOR METHODIST HOME INC., MRC SENIOR LIVING AT CLEARKLAKE, MRC SENIOR LIVING CORPUS CHRISTI, BAYVIEW SENIOR HOUSING, MRC CRESTVIEW PLACE, MRC CRESTVIEW TERRACE, CRESTVIEW UNITY, AND HAPPY HARBOR SENIOR HOUSING. FIVE OF THE INDEPENDENT LIVING PROPERTIES ARE FINANCED BY HUD WHICH INCLUDE BAYVIEW SENIOR HOUSING, MRC CRESTVIEW PLACE, MRC CRESTVIEW TERRACE, CRESTVIEW UNITY, AND HAPPY HARBOR SENIOR HOUSING. MRC CORNERSTONE HAS 108 INDEPENDENT LIVING UNITS LOCATED IN TEXARKANA, TEXAS, MRC CRESTVIEW HAS 91 INDEPENDENT LIVING UNITS LOCATED IN BRYAN, TEXAS, MRC PINECREST HAS 119 INDEPENDENT LIVING UNITS LOCATED IN LUFKIN, TEXAS, HAPPY HARBOR METHODIST HOME, INC. HAS 116 INDEPENDENT LIVING UNITS LOCATED IN LEAGUE CITY, TEXAS, MRC SENIOR LIVING AT CLEARLAKE HAS 72 INDEPENDENT LIVING UNITS LOCATED IN COLLEGE STATION, TEXAS, MRC SENIOR LIVING CORPUS CHRISTI HAS 125 INDEPENDENT LIVING UNITS LOCATED IN CORPUS CHRISTI, TEXAS, BAYVIEW SENIOR HOUSING HAS 61 INDEPENDENT LIVING UNITS LOCATED IN LAPORTE, TEXAS, MRC CRESTVIEW PLACE HAS 44 INDEPENDENT LIVING UNITS LOCATED IN BRYAN, TEXAS, MRC CRESTVIEW TERRACE HAS 100 INDEPENDENT LIVING UNITS LOCATED IN BRYAN, TEXAS, CRESTVIEW UNITY HAS 63 INDEPENDENT LIVING UNITS LOCATED IN BRYAN, TEXAS, AND HAPPY HARBOR SENIOR HOUSING HAS 51 INDEPENDENT LIVING UNITS LOCATED IN LAPORTE, TEXAS. 27967907 0 31932426 THE ORGANIZATION PROVIDES ASSISTED LIVING AND MEMORY SUPPORT SERVICES FOR ITS RESIDENTS AT MRC TOWNCREEK, MRC CORNERSTONE, MRC CRESTVIEW, MRC PINECREST, HAPPY HARBOR METHODIST HOME INC., MRC SENIOR LIVING AT CLEARLAKE, AND MRC SENIOR LIVING CORPUS CHRISTI. MRC TOWNCREEK HAS 32 ASSISTED LIVING UNITS AND 18 MEMORY SUPPORT UNITS LOCATED IN HUNTSVILLE, TEXAS, MRC CORNERSTONE HAS 51 ASSISTED LIVING UNITS INCLUDING 36 CERTIFIED UNITS FOR ALZHEIMER'S CARE LOCATED IN TEXARKANA, TEXAS, MRC CRESTVIEW HAS 48 ASSISTED LIVING UNITS AND 18 MEMORY SUPPORT UNITS LOCATED IN BRYAN, TEXAS, MRC PINECREST HAS 40 MEMORY SUPPORT UNITS LOCATED IN LUFKIN, TEXAS, HAPPY HARBOR METHODIST HOME, INC. HAS 36 ASSISTED LIVING UNITS AND 24 MEMORY SUPPORT UNITS LOCATED IN LEAGUE CITY, TEXAS., MRC SENIOR LIVING AT CLEARLAKE HAS 24 ASSISTED LIVING UNITS AND 18 MEMORY SUPPORT UNITS LOCATED IN COLLEGE STATION, TEXAS, AND MRC SENIOR LIVING CORPUS CHRISTI HAS 44 ASSISTED LIVING UNITS AND 18 MEMORY SUPPORT UNITS LOCATED IN CORPUS CHRISTI, TEXAS. 1460938 0 1623617 THE ORGANIZATION PROVIDES HOME HEALTH SERVICES FOR ITS RESIDENTS AT MRC PINECREST AND MRC CORNERSTONE. 1460938 0 1623617 101890672 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 640 0 1465 1 0 0 0 0 0 0 0 0 0 0 0 0 X 14 14 0 1 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 1 0 X MICHELLE MILES 2812100114 1440 LAKE FRONT CIRCLE STE 140 THE WOODLANDS TX 77380 MRS ALYCE ANNE BAGGETT CHAIR 9.00 1.00 X X 0 0 0 REV PRESTON MORGAN VICE CHAIR 9.00 1.00 X X 0 0 0 MRS 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 40.00 0.00 X 0 505575 43462 MR DON STEPHENS CHIEF FINANCIAL OFFICER 38.00 2.00 X 0 266024 31899 MS AMY THOMAS VP & EXECUTIVE DIRECTOR 40.00 0.00 X 0 187082 37727 MS JILL JANES VP OF SALES & MARKETING 40.00 0.00 X 0 191037 37985 MR MATTHEW CURRIE VP & EXECUTIVE DIRECTOR 40.00 0.00 X 0 198191 17651 MS DEBORAH NUGENT EXECUTIVE DIRECTOR 40.00 0.00 X 0 181195 14800 MS FRANCES BELTRAN VP OF HUMAN RESOURCES 40.00 0.00 X 0 181457 14125 0 1710561 197649 0 0 1 0 UNIDINE CORPORATION PO BOX 102289 ATLANTA GA 30368 FOOD SERVICES 16228394 QUALITY CARE REHAB 8477 S SUNCOAST BLVD HOMOSASSA FL 34446 MEDICAL SERVICES 3821473 CHARLES N WHITE CONSTRUCTION COMPANY 2705 BEE CAVE RD SUITE 250 AUSTIN TX 78746 CONSTRUCTION 1346586 DALWORTH RESTORATION LLC 12750 S PIPELINE RD 2A EULESS TX 76040 CONSTRUCTION 1261405 FINAL COAT 3809 RANGER BRYAN TX 77801 CONSTRUCTION 1117411 44 1255145 98980 1354125 RESIDENTIAL 623000 36061404 36061404 NURSING 623000 34438543 34438543 ASSISTED LIVING 623000 30022743 30022743 ENTRANCE FEE AMORTIZAT 623000 5246746 5246746 HOME HEALTH 623000 1526518 1526518 107295954 2098541 2098541 1164611 1164611 24419 0 35141 24419 -35141 -10722 -10722 INSURANCE SETTLEMENTS 812900 1244387 1244387 ANCILLARY SERVICES 812900 1052286 1052286 EMPLOYEE MEAL CHARGES 812900 174552 174552 193967 193967 2665192 114567701 108540341 0 4673235 X 37994118 27967496 10026622 509055 337526 171529 3537235 2345340 1191895 2844676 1886144 958532 5218556 5218556 270191 270191 338136 338136 18118913 17080073 1038840 1566152 1566152 2583068 1535302 1047766 1544684 92737 1451947 8149041 7762083 386958 280808 32890 247918 22526 1352 21174 14721667 14209129 512538 16969146 16378361 590785 4119987 3978389 141598 HEALTHCARE 6829538 6747322 82216 HEALTHCARE SUPPLIES 912942 901952 10990 EQUIPMENT RENTAL 474711 125929 348782 FOOD 263489 260317 3172 842803 248330 594473 128111442 101890672 26220770 0 8506070 6542344 34717256 31472503 10139249 4200865 2385112 6203636 350725 373820 1118525 1238700 425691619 148472256 288355442 277219363 37532691 36386751 12900019 14213669 4164838 6326133 400169927 384177784 7705693 7598519 22359301 25867413 273164567 258201177 11620656 10480922 11772364 11516638 184983123 193236260 511605704 506900929 X -122624238 -127026345 11188461 4303200 -111435777 -122723145 400169927 384177784 X -13543741 942723 1313650 X X 0 1 X 1 1 1 X 739119 729613 1388183 2060437 1354125 6271477 78099217 80730453 89543452 100194932 107295954 455864008 478550 762060 1229783 2561444 2665192 7697029 79316886 82222126 92161418 104816813 111315271 469832514 0 0 0 469832514 1163746 1576242 1799302 2699825 3263152 10502267 1163746 1576242 1799302 2699825 3263152 10502267 2754320 687271 186750 105094 3733435 83234952 84485639 94147470 107621732 114578423 484068216 0.97060 0.97230 0.02170 0.01930 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER REVENUE - 2020 AMOUNT: $ 2,754,320. 2021 AMOUNT: $ 687,271. 2022 AMOUNT: $ 186,750. 2023 AMOUNT: $ 105,094. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 18712214 18712214 361966544 124229465 237737079 19446814 8094756 11352058 21864128 13895680 7968448 3701919 2252355 1449564 277219363 DEPOSITS 666234 FSO LIABILITY 18376000 RELATED PARTY DEBT 5630236 REFUNDABLE ENTRANCE FEES 168563790 193236260 X PART X, LINE 2: THE ORGANIZATIONS' INCOME TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. THE ORGANIZATIONS ARE NOT AWARE OF ANY ACTIVITIES THAT WOULD JEOPARDIZE ITS TAX-EXEMPT STATUSES. THE ORGANIZATIONS REPORT 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. X X X X 0 0 0 0 0 0 0 0 0 MR ALAN BROWN PRESIDENT AND CEO 0 505575 0 0 0 0 0 13620 0 29842 0 549037 0 0 MR DON STEPHENS CHIEF FINANCIAL OFFICER 0 266024 0 0 0 0 0 10963 0 20936 0 297923 0 0 MS JILL JANES VP OF SALES & MARKETING 0 191037 0 0 0 0 0 8143 0 29842 0 229022 0 0 MS AMY THOMAS VP & EXECUTIVE DIRECTOR 0 187082 0 0 0 0 0 7885 0 29842 0 224809 0 0 MR MATTHEW CURRIE VP & EXECUTIVE DIRECTOR 0 198191 0 0 0 0 0 7704 0 9947 0 215842 0 0 MS DEBORAH NUGENT EXECUTIVE DIRECTOR 0 181195 0 0 0 0 0 7140 0 7660 0 195995 0 0 MS FRANCES BELTRAN VP OF HUMAN RESOURCES 0 181457 0 0 0 0 0 6465 0 7660 0 195582 0 0 PART I, LINE 3 SALARY FOR THE CEO, EXECUTIVE DIRECTOR, OR TOP MANAGEMENT OFFICIAL IS SET BY THE METHODIST RETIREMENT COMMUNITIES (MRC) BOARD, THE PARENT ENTITY. A NEW HOPE CULTURAL EDUCATION FACILITIES FINANCE CORPORATION 261604618 64542UDA9 2016-11-03 58896567 DEVELOPMENT OF CCRC COMMUNITY 0 0 0 B NEW HOPE CULTURAL EDUCATION FACILITIES FINANCE CORPORATION 261604618 2019-05-01 31625554 REFINANCING OF 2017 BONDS ISSUED ON 11/15/17 & PURCHASE OF CCRC COMMUNITY 0 0 0 C TARRANT COUNTY CULTURAL EDUCATION FACILITIES FINANCE CORPORATION 043833551 87638RKH9 2020-09-03 124935000 REFUND SERIES 2018A BONDS ISSUED 3/15/18 AND NEW FACILITY CONSTRUCTION 0 0 0 A 21685000 59915334 2624688 1177931 56112715 2018 1 0 0 1 B 31625554 632511 30993043 2020 0 0 0 1 C 23485000 128537909 11826107 2498700 95320488 18892614 2022 1 0 0 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 C 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 0 0 0 0 0 1 B 0 1 0 0 1 0 0 0 1 C 0 1 0 0 0 0 0 0 1 A 1 B 1 C 1 SCHEDULE K, PART II, PROCEEDS LINE 3: THE DIFFERENCE BETWEEN THE 11/03/16 BOND ISSUE PRICE OF $58,896,567 AND THE TOTAL PROCEEDS OF THE ISSUE OF $59,915,334 IS DUE TO INVESTMENT EARNINGS OF $1,018,767. THE DIFFERENCE BETWEEN THE 09/03/20 BOND ISSUE PRICE OF $124,935,000 AND THE TOTAL PROCEEDS OF THE ISSUE OF $128,537,909 IS DUE TO INVESTMENT EARNINGS OF $3,602,909. FORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: THE ORGANIZATION IS COMMITTED TO QUALITY LIVING FOR SENIOR ADULTS IN A FAITH-BASED ENVIRONMENT. 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 VI, SECTION A, LINE 1A EXECUTIVE COMMITTEE CONSISTS OF 6 MEMBERS OF THE GOVERNING BOARD. THE BOARD OF DIRECTORS MAY FROM TIME TO TIME DESIGNATE MEMBERS OF THE BOARD OF DIRECTORS TO CONSTITUTE COMMITTEES THAT SHALL HAVE AND MAY EXERCISE SUCH POWERS AS A MAJORITY OF THE BOARD OF DIRECTORS MAY DETERMINE IN THE RESOLUTION THAT CREATES THE COMMITTEE. SUCH COMMITTEES SHALL INCLUDE THE CHAIRPERSON AND THE PRESIDENT OF THE MEMBER OR AN APPOINTEE DESIGNATED BY THE CHAIRPERSON AND THE PRESIDENT OF THE MEMBER. THE BOARD OF DIRECTORS MAY APPOINT INDIVIDUALS WHO ARE NOT MEMBERS OF THE BOARD OF DIRECTORS TO ANY COMMITTEE; PROVIDED, HOWEVER, THAT A MAJORITY OF THE COMMITTEE MEMBERS SHALL BE MEMBERS OF THE BOARD OF DIRECTORS IF SUCH COMMITTEE EXERCISES THE AUTHORITY OF THE BOARD OF DIRECTORS IN THE MANAGEMENT OF THE CORPORATION. THE PRESIDENT SHALL NOT BE A MEMBER OF THE EXECUTIVE COMMITTEE BUT WILL ATTEND EXECUTIVE COMMITTEE MEETINGS AS REQUIRED BY THE EXECUTIVE COMMITTEE. THE ESTABLISHMENT OF A COMMITTEE OR THE DELEGATION OF AUTHORITY TO IT SHALL NOT RELIEVE THE BOARD OF DIRECTORS, OR ANY INDIVIDUAL DIRECTOR, OF ANY RESPONSIBILITY IMPOSED BY THE BYLAWS OR OTHERWISE IMPOSED BY LAW. IN THE EVENT A COMMITTEE IS NOT PROPERLY CONSTITUTED OR FAILS TO PERFORM, THE BOARD OF DIRECTORS SHALL ASSUME AND PERFORM ALL THE RIGHTS, PRIVILEGES AND RESPONSIBILITIES OF SUCH COMMITTEE. NO COMMITTEE SHALL HAVE THE AUTHORITY OF THE BOARD OF DIRECTORS OR THE MEMBER TO: (A) AMEND THE CERTIFICATE OF FORMATION. (B) ADOPT A PLAN OF MERGER OR A PLAN OF CONSOLIDATION WITH ANOTHER CORPORATION. (C) AUTHORIZE THE SALE, LEASE, EXCHANGE, OR MORTGAGE OF ALL OR SUBSTANTIALLY ALL OF THE PROPERTY AND ASSETS OF THE CORPORATION. (D) AUTHORIZE THE VOLUNTARY DISSOLUTION OF THE CORPORATION. (E) REVOKE PROCEEDINGS FOR THE VOLUNTARY DISSOLUTION OF THE CORPORATION. (F) ADOPT A PLAN FOR THE DISTRIBUTION OF THE ASSETS OF THE CORPORATION. (G) AMEND, ALTER, OR REPEAL THE BYLAWS. (H) ELECT, APPOINT, OR REMOVE A MEMBER OF A COMMITTEE OR A DIRECTOR OR OFFICER OF THE CORPORATION. (I) APPROVE ANY TRANSACTION TO WHICH THE CORPORATION IS A PARTY AND THAT INVOLVES A POTENTIAL CONFLICT OF INTEREST. (J) TAKE ANY ACTION OUTSIDE THE SCOPE OF AUTHORITY DELEGATED TO IT BY THE BOARD OF DIRECTORS. (K) TAKE FINAL ACTION ON A MATTER THAT REQUIRES THE APPROVAL OF THE BOARD OR THE MEMBER. 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. THE ORGANIZATION CONTRACTS WITH UNIDINE TO MANAGE ITS FOOD SERVICE PROGRAM. UNIDINE WAS COMPENSATED $16,228,394 DURING 2024. 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. THE BISHOP OF THE TEXAS ANNUAL CONFERENCE APPOINTS A BOARD MEMBER FROM THE BISHOP'S OFFICE. 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 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. THE GOVERNING BODY WILL RECEIVE A DRAFT COPY OF THE 990 AND WILL BE GIVEN A CHANCE TO QUESTION ANY AND ALL ITEMS PRIOR TO THE 990 BEING FILED. 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 15B SALARY FOR THE CEO IS SET BY THE METHODIST RETIREMENT COMMUNITIES (MRC) BOARD, THE PARENT ENTITY. 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. THE 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. THE CEO APPROVES WITHIN BOARD APPROVED BUDGETED GUIDELINES. W-2'S ARE ISSUED BY THE PARENT ORGANIZATION, MRC. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2024. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G CONSULTANT FEES: PROGRAM SERVICE EXPENSES 47,024. MANAGEMENT AND GENERAL EXPENSES 348,868. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 395,892. CONTRACT LABOR: PROGRAM SERVICE EXPENSES 345,965. MANAGEMENT AND GENERAL EXPENSES 8,264. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 354,229. PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 26,796. MANAGEMENT AND GENERAL EXPENSES 198,793. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 225,589. OUTSIDE SERVICES: PROGRAM SERVICE EXPENSES 16,644,220. MANAGEMENT AND GENERAL EXPENSES 231,344. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 16,875,564. HR CONTRACT MAINTENANCE: PROGRAM SERVICE EXPENSES 16,068. MANAGEMENT AND GENERAL EXPENSES 251,571. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 267,639. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF INTEREST RATE SWAPS 1,313,650. CHANGE IN OBLIGATION TO PROVIDE FUTURE SERVICES 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 1440 LAKE FRONT CIRCLE STE 140 THE WOODLANDS TX 77380 741403088 PROVIDING HOUSING FOR ELDERLY & HANDICAPPED INDIVIDUALS TX 501(C)(3) LINE 10 N/A 0 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 0 0 0 1 1 1 0 0 0 0 0 1 1 0 0 0 1 0 0 0