Kings Manor Methodist Retirement System Inc

Organization Overview

Kings Manor Methodist Retirement System Inc is located in Hereford, TX. The organization was established in 1997. 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, Kings Manor Methodist Retirement System Inc employed 33 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kings Manor Methodist Retirement System 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 12/2022, Kings Manor Methodist Retirement System Inc generated $1.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (17.8%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (17.5%) per year over the past 8 years. 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

TO PROVIDE QUALITY RETIREMENT LIVING AND CHILD CARE SERVICES FOR CITIZENS OF HEREFORD, TEXAS AND THE SURROUNDING AREA.

Describe the Organization's Program Activity:

Part 3 - Line 4a

OPERATION OF AN INDEPENDENT LIVING RETIREMENT CENTER.


OPERATION OF A CHILD CARE FACILITY LICENSED FOR 50 CHILDREN UP TO TEN YEARS OF AGE. THE FACILITY IS OPEN TO THE PUBLIC.


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Board, Officers & Key Employees

Name (title)Compensation
Jim Layman
Director/cfo
$56,129
Scott Keeling
Director
$0
Dan Higgins
Chairman
$0
John Perrin
Director
$0
Brenda Fuentes
Director
$0
Brent Carlson
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $130,496
All other contributions, gifts, grants, and similar amounts not included above$110,537
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$241,033
Total Program Service Revenue$852,667
Investment income -$42,974
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 $1,261,055

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Kings Manor Methodist Retirement System Inc has recieved totaling $50,033.

Awarding OrganizationAmount
Amarillo Area Foundation Inc

Amarillo, TX

PURPOSE: GENERAL SUPPORT

$50,000
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$33
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$242,000
Ending Balance$242,000

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