Form 990 for tax year 2024
Filed by TEXAS RETIRED TEACHERS RESIDENCE CORPORATION.
Totals
- Total revenue
- $2,123,576
- Total expenses
- $2,004,670
- Contributions and grants received
- $210,652
- Grants paid
- $0
- Program service revenue
- $1,713,835
- Investment income
- $163,470
- Other revenue
- $35,619
- Total assets, end of year
- $4,090,372
- Total liabilities, end of year
- $169,252
- Net assets or fund balances, end of year
- $3,921,120
- Program services expenses (Part IX)
- $1,584,858
- Management and general expenses
- $419,812
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,584,858
Program services were 79.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$210,652
-
2a · Program service revenue: OPERATION OF RET. HOME
total $1,713,835 · related or exempt $1,713,835
-
3 · Investment income
total $60,026 · excluded $60,026
-
7a · Gross sales of assets other than inventory
securities $1,321,964 · other assets $18,563
-
7b · Less cost or other basis and sales expenses
securities $1,237,083 · other assets $0
-
7c · Gain or loss
securities $84,881 · other assets $18,563
-
7d · Net gain or loss
total $103,444 · excluded $103,444
-
11a · Other revenue: MISCELLANEOUS
total $31,141 · related or exempt $31,141
-
11b · Other revenue: LAUNDRY & VENDING
total $4,478 · related or exempt $4,478
-
11e · Other revenue, total
$35,619
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $157,011 · program services $11,652 · management and general $145,359
-
7 · Other salaries and wages
total $676,419 · program services $599,461 · management and general $76,958
-
9 · Other employee benefits
total $153,320 · program services $153,320
-
10 · Payroll taxes
total $64,121 · program services $47,386 · management and general $16,735
-
11b · Fees: legal
total $750 · management and general $750
-
11c · Fees: accounting
total $26,100 · management and general $26,100
-
11f · Fees: investment management
total $18,393 · management and general $18,393
-
11g · Fees: other
total $40,815 · program services $39,642 · management and general $1,173
-
12 · Advertising and promotion
total $25,464 · management and general $25,464
-
13 · Office expenses
total $327,845 · program services $284,799 · management and general $43,046
-
16 · Occupancy
total $332,730 · program services $311,452 · management and general $21,278
-
19 · Conferences, conventions and meetings
total $6,389 · management and general $6,389
-
22 · Depreciation, depletion and amortization
total $111,088 · program services $92,865 · management and general $18,223
-
23 · Insurance
total $51,559 · program services $43,102 · management and general $8,457
-
24a · Other expenses: MISCELLANEOUS
total $9,426 · program services $1,179 · management and general $8,247
-
24b · Other expenses: RESIDENT ASSISTANCE FUN
total $3,240 · management and general $3,240
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $237,774 · end of year $385,565
-
8 · Inventories for sale or use
beginning of year $16,497 · end of year $16,532
-
10a · Land, buildings and equipment: cost or other basis
$5,395,119
-
10b · Land, buildings and equipment: accumulated depreciation
$4,102,590
-
10c · Land, buildings and equipment, net
beginning of year $1,357,475 · end of year $1,292,529
-
12 · Investments: other securities
beginning of year $2,083,206 · end of year $2,395,041
-
15 · Other assets
beginning of year $297 · end of year $705
-
17 · Accounts payable and accrued expenses
beginning of year $149,318 · end of year $169,252
-
27 · Net assets without donor restrictions
beginning of year $3,545,931 · end of year $3,921,120
Mission and programs · 2024
Mission
TO PROVIDE AN AFFORDABLE, QUALITY RETIREMENT RESIDENCE IN A SUPPORTIVE, SECURE AND ATTRACTIVE LIVING ENVIRONMENT WHICH ENABLES RESIDENTS TO ENGAGE IN INDEPENDENT ACTIVE LIFESTYLE WITH PEOPLE OF SIMILAR PROFESSIONAL BACKGROUNDS.
-
RETIREMENT HOME SERVICES - STILWELL RETIREMENT CENTER PROVIDES AFFORDABLE, QUALITY RETIREMENT RESIDENCE THAT IS SUPPORTIVE, SECURE, AND OFFERS AN ATTRACTIVE LIVING ENVIRONMENT WHICH ENABLES RESIDENTS TO ENGAGE IN AN INDEPENDENT, ACTIVE LIFESTYLE WITH PEOPLE OF SIMILAR PROFESSIONAL BACKGROUNDS. FIRST PRIORITY IS GIVEN TO RETIRED EDUCATORS, BUT AS SPACE PERMITS, RETIREES FROM OTHER PROFESSIONS ARE WELCOMED AS WELL. STILWELL PROMOTES A STRONG SENSE OF COMMUNITY, HISTORY, AND PURPOSE THROUGH A DIVERSITY OF ACTIVITIES FOR ITS RESIDENTS.
Expenses $1,584,858 · Revenue $1,749,454
As filed on the 2024 return.
Listed in Part VII
-
Larry DavisLARRY DAVIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mike BallMIKE BALL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Marianne MoncriefMARIANNE MONCRIEF
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Marsha MurphyMARSHA MURPHY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Andy PatilloANDY PATILLO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dennis MyersDENNIS MYERS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Brenda TeyklBRENDA TEYKL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Joel WrightJOEL WRIGHT
EXECUTIVE DIRECTOR
- Total calculated
- $157,011
- From this org
- $153,168
- From related orgs
- $0
- Other
- $3,843
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $153,168
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $3,843
- Filer's total
- $157,011
-
Ila Jane TuckerILA JANE TUCKER
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Don McKinneyDON MCKINNEY
VICE-PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Susan JacksonSUSAN JACKSON
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 14 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202513189349309956
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