Overview
What is Methodist Retirement Communities?
Methodist Retirement Communities (MRC) serves as the central support hub for various senior living facilities, committed to enhancing the lives of elderly adults in faith-based environments. Located in Texas, MRC takes pride in its affiliates being integral parts of their local communities, providing employment and services to seniors. With a strong connection to the Texas Annual Conference of United Methodists, MRC welcomes individuals of all faiths, ensuring no discrimination towards residents, staff, volunteers, or donors. The organization encourages donations to its foundation to assist and retain residents in financial need. MRC offers finance, accounting, human resources, technology, marketing, operations, and executive and strategic planning leadership to its affiliates. These affiliates provide senior living services, programs, activities, care, and housing in independent/residential apartments, assisted living apartments, memory support suites for those with Alzheimer's and other dementias, skilled nursing & rehabilitation units, and home health & home services. Some of the affiliates accept Medicaid, Medicare, and/or HUD payments, along with private pay and certain insurance plans. Additionally, MRC encourages its affiliates to open their doors to the local community to occasionally provide space for other nonprofits, such as Lions, Rotary, and Chamber of Commerce events. With a workforce of approximately 1,375 employees, Methodist Retirement Communities is dedicated to improving the lives of senior adults in faith-based environments.
Official website here: www.mrcaff.org
What are the reviews and ratings of this charity?
**Charity Navigator Rating: 1-Star out of Four Stars (56%)**
Methodist Retirement Communities has received a poor rating, indicating significant concerns about its financial health, as evidenced by a low Accountability & Finance score of 56%. The organization demonstrates strong governance features, such as a majority of independent board members and sound policies like conflict of interest and whistleblower protections. However, critical factors like the program expense ratio are alarmingly at 0.00%, raising questions about the allocation of resources toward its intended mission.
While the charity showcases sound auditing and oversight practices, it has deficiencies in transparency, notably failing to post its tax documents online. The absence of scoring in areas such as Impact & Measurement, Culture & Community, and Leadership & Adaptability suggests a lack of data or direct service feedback, which are important for assessing the organization's overall effectiveness and community engagement.
User reviews from GreatNonprofits could not be fetched, which limits the insight into individual experiences and community sentiment regarding the services provided by Methodist Retirement Communities. Therefore, potential donors and volunteers should weigh this rating and the available data carefully when considering involvement with the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Methodist Retirement Communities legitimate?
Methodist Retirement Communities is a legitimate nonprofit organization registered as a 501(c)(3) entity. Methodist Retirement Communities submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $856,057
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,262,789
For more financial information, click here
Official website here: www.mrcaff.org
What is the mission statement of Methodist Retirement Communities?
Methodist Retirement Communities serves as the administrative headquarters for its affiliated ministries, with a focus on providing support in areas such as accounting, HR, IT, marketing, operations, and executive and strategic planning. Its exempt purpose is to enhance the quality of living for senior adults in faith-based environments through its affiliated communities. The organization takes pride in its role within the local community, offering services to seniors and providing employment opportunities. It encourages donations to its foundation to assist residents in financial need. Methodist Retirement Communities offers various living options for seniors, including independent/residential apartments, assisted living apartments, memory support suites, skilled nursing and rehabilitation units, and home health and home services. Some of its affiliates accept Medicare, Medicaid, HUD payments, and private insurance, while also providing space for local nonprofits.
Official website here: www.mrcaff.org
Who is the CEO of Methodist Retirement Communities?
Don Stephens is the President of Methodist Retirement Communities.
Official website here: www.mrcaff.org
What is the revenue of Methodist Retirement Communities?
Methodist Retirement Communities's revenue in 2022 was $8,582,800.
Official website here: www.mrcaff.org
Who are the executives of Methodist Retirement Communities and what are their salaries?
The average compensation at Methodist Retirement Communities during 2022 was $2,268. There are 1375 employees and 13 volunteers at Methodist Retirement Communities.
Here are 23 key members and their salaries:
- Compensation: $378,322
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- Other: $47,938
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- Compensation: $231,654
- Related: $0
- Other: $30,525
- Compensation: $74,383
- Related: $0
- Other: $7,764
- Compensation: $73,838
- Related: $0
- Other: $11,633
- Compensation: $184,402
- Related: $0
- Other: $11,421
- Compensation: $171,472
- Related: $0
- Other: $33,631
- Compensation: $177,530
- Related: $0
- Other: $9,762
- Compensation: $177,382
- Related: $0
- Other: $33,297
- Compensation: $143,180
- Related: $0
- Other: $24,826
Official website here: www.mrcaff.org
Where can I find the form 990 for Methodist Retirement Communities?
Methodist Retirement Communities's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mrcaff.org
Learn more at the official website: www.mrcaff.org
Mission Statement of Methodist Retirement Communities
Methodist Retirement Communities serves as the administrative and corporate headquarters for its affiliated ministries, with a mission to provide accounting, human resources, information technology, marketing, operations, and executive and strategic planning services. This organization acts as the central support hub for various senior living communities under the Methodist Retirement Communities umbrella, committed to offering quality living experiences for senior adults in faith-based environments. Methodist Retirement Communities takes pride in its affiliates being an integral part of their local communities, providing employment opportunities while serving seniors.
The exempt purpose of Methodist Retirement Communities is to support and guide its affiliated senior living communities in their provision of services, programs, activities, care, and housing to senior adults. These services include independent and residential apartments, assisted living apartments, specialized memory support suites for individuals with Alzheimer's and dementias, skilled nursing and rehabilitation units, and home health and home services. Methodist Retirement Communities encourages its affiliates to accept various forms of payment, including Medicare, Medicaid, and HUD payments, as well as private pay and certain insurance plans.
In addition to these services, Methodist Retirement Communities also promotes community engagement by allowing its affiliates to occasionally open their facilities to local nonprofit organizations for space use, such as Lions, Rotary, and Chamber groups. Methodist Retirement Communities has a covenant connection with the Texas Annual Conference of United Methodists, but the entire system welcomes individuals of all faiths and beliefs with no discrimination in regards to residents, staff, board members, volunteers, donors, vendors, and more. The organization also encourages donations to its foundation to assist and retain residents who may experience financial difficulties.
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Impact
July, 2024
Methodist Retirement Communities plays a crucial role in providing support and services to senior adults in faith-based environments, ensuring quality living and care in various settings including independent/residential apartments, assisted living, memory support, skilled nursing, and home health services. By offering financial, operational, and strategic leadership to its affiliates, Methodist Retirement Communities enables them to fulfill their mission of serving seniors. Additionally, the organization fosters community engagement by encouraging its affiliates to open their doors for local community events and collaborations. This holistic approach not only supports seniors in need of care but also contributes to the broader community by fostering partnerships and connections.
This information is meant to be a general summary of Methodist Retirement Communities. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $32,938
- Program Service Revenue: $4,418,349
- Gross Receipts: $8,582,800
Assets and Liabilities:
- Total Assets: $16,751,294
- Total Liabilities: $5,871,816
- Net Assets: $10,879,478
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGEMENT FEES
Revenue
$4,418,349
Organization Details
Founding Year
1965
Phone
(281) 363-2600Principal Officer
Don Stephens
Main Address
1440 LAKE FRONT CIRCLE 140, THE WOODLANDS, TX, 77380
Website
www.mrcaff.orgNTEE Category
Code: L22 - Housing
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