United Methodist Retirement Communities Inc
- Assets
- $132.6m
- Revenue
- $42.7m
- Investments
- $33.2m
- Employees
- 797
- Location
- Chelsea, MI
- Founding
- 04/1948
- Data as of
- 06/2022
- EIN
- 38-1366908
Organization Overview
United Methodist Retirement Communities Inc is located in Chelsea, MI. The organization was established in 1948. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. As of 06/2022, United Methodist Retirement Communities Inc employed 797 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. United Methodist Retirement Communities Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, United Methodist Retirement Communities Inc generated $42.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $39.5m during the year ending 06/2022. While expenses have increased by 3.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
WELCOMING ALL, PARTNERING TOGETHER, ENRICHING LIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHELSEA RETIREMENT COMMUNITY AND THE CEDARS OF DEXTER PROVIDED LONG TERM NURSING AND RESIDENTIAL CARE TO 152,125 DAYS OF CARE DURING 2021-2022, INCLUDING BENEVOLENT CARE TO MANY WHO WERE UNABLE TO PAY THE FULL COST OF THEIR OWN CARE. UMRC HAS BEEN A LEADER IN CARING FOR OLDER ADULTS SINCE ITS FAITHFUL FOUNDING IN 1906. WITH A TRADITION OF EXCEPTIONAL QUALITY AND COMMITMENT TO CUTTING EDGE CARE. TODAY UMRC OFFERS MICHIGAN'S MOST DIVERSE CONTINUUM OF HOUSING OPTIONS AND SERVES ACROSS 12 COUNTIES TO OLDER ADULTS OF ADULTS OF ALL INCOME LEVELS. THE POPULATION OF SENIORS OVER THE AGE OF 65 IS EXPECTED TO DOUBLE BY THE YEAR 2030, AND THE OLDEST ADULTS, 85 YEARS AND OLDER, WILL GROW.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stave Fetyko Brio Living Services (umrc/ph) CEO | Officer | 2 | $0 |
Kim Hoppe Brio Living Services (umrc/porter Hills) CFO | Officer | 2 | $0 |
Nicole Maag Brio Living Services (umrc/porter Hills) Chief Residential Services | Officer | 2 | $0 |
Kathy Russell Executive Director | Officer | 45 | $161,379 |
Jennifer Shores Nursing Home Administrator | Officer | 45 | $113,186 |
Sarah Jones Director Of Rehabilitation | Officer | 45 | $113,290 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Superior Foods Food Supplies | 6/29/22 | $448,357 |
Az Shmina Inc Construction | 6/29/22 | $291,676 |
Complete Refrgeration Llc Heatling/cooling Repaids | 6/29/22 | $385,409 |
Ominicare Inc Medication Suppllier | 6/29/22 | $224,659 |
Twinmed Llc Medical Supplies Supplies | 6/29/22 | $198,961 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,541,980 |
| Government grants | $927,058 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,000,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,469,038 |
| Total Program Service Revenue | $35,212,889 |
| Investment income | $19,874 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $42,701,801 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $387,855 |
| Compensation of current officers, directors, key employees. | $42,664 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $15,732,910 |
| Pension plan accruals and contributions | $482,348 |
| Other employee benefits | $1,987,697 |
| Payroll taxes | $1,233,238 |
| Fees for services: Management | $287,509 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,300,919 |
| Advertising and promotion | $0 |
| Office expenses | $8,534 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,631,254 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,517,334 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,105,001 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $39,498,590 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,269,197 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,652,139 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,029,653 |
| Net Land, buildings, and equipment | $81,830,932 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $33,229,173 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,540,757 |
| Total assets | $132,551,851 |
| Accounts payable and accrued expenses | $387,679 |
| Grants payable | $0 |
| Deferred revenue | $25,930,730 |
| Tax-exempt bond liabilities | $36,686,018 |
| Escrow or custodial account liability | $243,431 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,446,787 |
| Total liabilities | $64,694,645 |
| Net assets without donor restrictions | $67,782,658 |
| Net assets with donor restrictions | $74,548 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $132,551,851 |