Mississippi Methodist Senior Services Inc
- Assets
- $19.6m
- Revenue
- $12.3m
- Investments
- $452.5k
- Employees
- 1,292
- Location
- Tupelo, MS
- Founding
- 02/1965
- Data as of
- 12/2021
- EIN
- 64-6026549
Organization Overview
Mississippi Methodist Senior Services Inc is located in Tupelo, MS. The organization was established in 1965. According to its NTEE Classification (P81) the organization is classified as: Senior Centers, under the broad grouping of Human Services and related organizations. As of 12/2022, Mississippi Methodist Senior Services Inc employed 1,292 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mississippi Methodist Senior Services 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 12/2021, Mississippi Methodist Senior Services Inc generated $12.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $8.0m during the year ending 12/2021. While expenses have increased by 0.2% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
MISSISSIPPI METHODIST SENIOR SERVICES, INC. (MMSS) IS ONE OF THE NATION'S LEADING PROVIDERS OF HOUSING, SERVICES AND LONG-TERM CARE FOR OLDER ADULTS. IT IS LISTED IN THE LEADINGAGE ZIEGER 150 AS THE 53RD LARGEST NOT-FORPROFIT, MULTI-STATE SENIOR LIVING ORGANIZATION. IT IS NATIONALLY RECOGNIZED FOR ITS INNOVATIVE APPROACHES TO LONG-TERM CARE AND PIONEERED THE NATION'S FIRST "GREEN HOUSE" MODEL OF SKILLED NURSING CARE. TO DATE THERE ARE GREEN HOUSE HOMES IN 32 STATES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRACEWAY MANOR IS A 94-APARTMENT RETIREMENT HOUSING FACILITY IN TUPELO, MISSISSIPPI, WHICH PROVIDES HOUSING AND OTHER SERVICES TO PERSONS 62 YEARS OF AGE AND OLDER. AMENITIES OF TRACEWAY MANOR INCLUDE A NUTRITIOUS NOON MEAL SIX DAYS A WEEK, UTILITIES, MAINTENANCE, A VARIETY OF SOCIAL, EDUCATION, AND SPIRITUAL ACTIVITIES, TRANSPORTATION SERVICES AND A BEAUTY/BARBERSHOP.
SUNDAY FUND IS A BENEVOLENCE FUND THAT SOLICITS CONTRIBUTIONS FROM THE PUBLIC AND PROVIDES FINANCIAL ASSISTANCE TO ENABLE RESIDENTS WHO HAVE OUTLIVED THEIR RESOURCES TO BE ABLE TO REMAIN IN THEIR HOME.MEALS ON WHEELS DELIVERS HOT MEALS TO THE HOMES OF APPROXIMATELY 100 AGEQUALIFIED RESIDENTS OF LEE COUNTY, MISSISSIPPI.
MMSS ANCILLARY SERVICES PROVIDES PHARMACY AND THERAPY SERVICES TO NURSING HOME, ASSISTED LIVING AND INDEPENDENT LIVING RESIDENTS AT THE VARIOUS FACILITIES. PHARMACY SERVICES ARE ALSO PROVIDED TO OUTSIDE SERVICES AND REVENUES GENERATED FROM THESE OUTSIDE SERVICES ARE SHOWN AS UNRELATED BUSINESS INCOME.
TRACEWAY VILLAS, A 31-APARTMENT RETIREMENT HOUSING FACILITY IN TUPELO, MISSISSIPPI, PROVIDES HOUSING AND OTHER SERVICES TO PERSONS 62 YEARS OF AGE AND OLDER. RESIDENTS RECEIVE RENT ASSISTANCE THROUGH THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT'S SECTION 202 PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lloyd Gray Past Chairman/ex-Officio | Trustee | 0.25 | $0 |
Polly Bailey Board Member | Trustee | 0.25 | $0 |
Van Ray Chairman | Trustee | 0.25 | $0 |
Joe May Board Member | Trustee | 0.25 | $0 |
Bill West Vice-Chairman | Trustee | 0.25 | $0 |
Cynthia Parker Past Chairman/ex-Officio | Trustee | 0.25 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Unidine Corporation Dining Services | 12/30/22 | $8,022,194 |
Shiftkey Llc Scheduling | 12/30/22 | $207,624 |
Kel-tech Inc Security | 12/30/22 | $195,570 |
Watkins Ward And Stafford Audit | 12/30/22 | $178,345 |
God Sent Health Care Staffing Agency | 12/30/22 | $170,395 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,939,735 |
| Investment income | $94,751 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $14,911 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,341,959 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $432,983 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,302,325 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,034,871 |
| Pension plan accruals and contributions | $71,244 |
| Other employee benefits | $917,239 |
| Payroll taxes | $444,460 |
| Fees for services: Management | $796,949 |
| Fees for services: Legal | $1,203 |
| Fees for services: Accounting | $24,908 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $668,223 |
| Advertising and promotion | $43,390 |
| Office expenses | $302,590 |
| Information technology | $160,835 |
| Royalties | $0 |
| Occupancy | $225,904 |
| Travel | $83,228 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $15,471 |
| Interest | $4,338 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $257,778 |
| Insurance | $64,876 |
| All other expenses | $0 |
| Total functional expenses | $8,001,254 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $674,075 |
| Savings and temporary cash investments | $4,061,069 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $176,861 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $9,007,698 |
| Inventories for sale or use | $177,496 |
| Prepaid expenses and deferred charges | $20,103 |
| Investments—publicly traded securities | $2,151,840 |
| Investments—other securities | $452,490 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $572,394 |
| Total assets | $19,607,710 |
| Accounts payable and accrued expenses | $1,250,811 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $621,319 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,763,520 |
| Total liabilities | $3,635,650 |
| Net assets without donor restrictions | $15,972,060 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $15,972,060 |