Methodist Retirement Communities

Organization Overview

Methodist Retirement Communities is located in The Woodlands, TX. The organization was established in 2016. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 12/2022, Methodist Retirement Communities employed 1,375 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Methodist Retirement Communities 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 12/2022, Methodist Retirement Communities generated $8.6m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 15.3% each year . All expenses for the organization totaled $5.0m during the year ending 12/2022. While expenses have increased by 10.1% per year over the past 8 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE ORGANIZATION PROVIDES ACCOUNTING, HR, IT, MARKETING, OPERATIONS AND EXECUTIVE AND STRATEGIC PLANNING TO THE AFFILIATES OF MRC AS THEY PROVIDE SERVICES TO THE MRC COMMUNITIES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

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 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.


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Board, Officers & Key Employees

Name (title)Compensation
Mr Alan Brown
President
$378,322
Mr Wayne D Haglund
Director
$0
Mr Thomas R Wussow
Director
$0
Mrs Alyce Anne Baggett
Chair
$0
Rev Billy T Williamson
Director
$0
Mr Larry St Martin
Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Senioroi Targeted Marketing
Marketing
$133,975
Five19 Creative
Marketing
$130,037
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$3,723,579
Government grants $21,532
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$3,745,111
Total Program Service Revenue$4,418,349
Investment income $32,938
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 $8,582,800

Peer Organizations

Organization NameAssets
Incarnate Word Retirement Community Inc
San Antonio, TX
$20,530,335
Woldenberg Village Inc
New Orleans, LA
$16,065,235
Neighborhood In Rio Rancho
Rio Rancho, NM
$14,934,178
Bst Senior Living East Inc
San Antonio, TX
$9,620,483
George Gervin Youth Center Inc
San Antonio, TX
$15,147,065
Methodist Retirement Communities
The Woodlands, TX
$13,174,524
Haverland Carter Lifestyle Group
Albuquerque, NM
$9,864,395
Lutheran Senior Citizens Inc
Oklahoma City, OK
$11,372,456
Affordable Community Housing Trust
Edmond, OK
$4,672,822
Clarewood House Inc
Houston, TX
$10,800,592
Lutheran Sunset Ministries
Clifton, TX
$10,760,740
Methodist Retirement Communities
The Woodlands, TX
$12,110,100
Wichita Falls Retirement Foundation
Wichita Falls, TX
$10,552,341
Methodist Retirement Communities
The Woodlands, TX
$10,481,539
Methodist Retirement Communities
The Woodlands, TX
$8,016,852
Air Force Villages Inc
San Antonio, TX
$10,657,671
Amigos Del Valle Inc
Edinburg, TX
$7,302,859
Sommerset Neighborhood Incorporated
Oklahoma, OK
$5,156,996
Rio Concho Inc
San Angelo, TX
$5,077,490
Methodist Retirement Communities
The Woodlands, TX
$4,620
Sqlc Senior Living Center At Corpus Christi Inc
Addison, TX
$69,294,568
Methodist Retirement Communities
The Woodlands, TX
$8,582,800
Tcoa Elderly Housing Inc
Houma, LA
$1,019,146
Rebekah Baines Johnson Center
Austin, TX
$14,512,674
Mary E Bivins Foundation
Amarillo, TX
$7,251,451

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