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. This organization is a subordinate organization within 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2015

Describe the Organization's Mission:

Part 3 - Line 1

THE ORGANIZATION IS COMMITTED TO QUALITY LIVING FOR SENIOR ADULTS IN A FAITH-BASED ENVIRONMENT.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ORGANIZATION IS CURRENTLY IN THE PROCESS OF CONSTRUCTING A CONTINUING CARE RETIREMENT COMMUNITY ON 18.9 ACRES PURCHASED IN LEAGUE CITY. THE COMMUNITY IS PLANNED TO CONSIST OF 100 INDEPENDENT LIVING UNITS, 34 ASSISTED LIVING UNITS, 24 MEMORY SUPPORT UNITS, 48 SKILLED NURSING FACILITY BEDS, AND REHABILITATION SPACE ALONG WITH ASSOCIATED COMMON AREAS. THE FIRST PHASES OF CONSTRUCTION WERE COMPLETED IN AUGUST 2015, AND THE REMAINING CONSTRUCTION PROJECT IS EXPECTED TO BE COMPLETED AND PLACED INTO SERVICE IN SPRING 2016.


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Board, Officers & Key Employees

Name (title)Compensation
Mr Ronald E Jennette
President
$0
Mr Thomas R Wussow
Chair
$0
Mr John C Hicks
Vice Chair
$0
Mr Don Stephens
Cfo/treasurer
$0
Mrs Cynthia Castillo
Secretary
$0
Mr Harold Ermshar
Executive Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$7,000
Government grants $0
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$7,000
Total Program Service Revenue$296,487
Investment income $0
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 $320,154

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Methodist Retirement Communities has recieved totaling $71,080.

Awarding OrganizationAmount
United Methodist Senior Servicesfoundation

The Woodlands, TX

PURPOSE: GRANTS WERE PROVIDED TO ASSIST THE ORGANIZATION IN ITS CHARITABLE MISSION.

$71,080
View Grant Recipient Profile

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