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Nonprofiteer
← TEXAS RETIRED TEACHERS RESIDENCE CORPORATION

Form 990 for tax year 2022

Filed by TEXAS RETIRED TEACHERS RESIDENCE CORPORATION.

Totals

Total revenue
$1,782,549
Total expenses
$1,980,160
Contributions and grants received
$72,349
Grants paid
$0
Program service revenue
$1,592,409
Investment income
$89,249
Other revenue
$28,542
Total assets, end of year
$3,535,077
Total liabilities, end of year
$144,545
Net assets or fund balances, end of year
$3,390,532
Program services expenses (Part IX)
$1,522,371
Management and general expenses
$457,789
Fundraising expenses
$0
Program service expenses (Part III)
$1,522,371

Program services were 76.9% 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

    $72,349

  • 2a · Program service revenue: OPERATION OF RET. HOME

    total $1,592,409 · related or exempt $1,592,409

  • 3 · Investment income

    total $43,701 · excluded $43,701

  • 7a · Gross sales of assets other than inventory

    securities $555,860

  • 7b · Less cost or other basis and sales expenses

    securities $510,312

  • 7c · Gain or loss

    securities $45,548

  • 7d · Net gain or loss

    total $45,548 · excluded $45,548

  • 11a · Other revenue: MISCELLANEOUS

    total $23,847 · related or exempt $23,847

  • 11b · Other revenue: LAUNDRY & VENDING

    total $4,695 · related or exempt $4,695

  • 11e · Other revenue, total

    $28,542

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $139,546 · management and general $139,546

  • 7 · Other salaries and wages

    total $701,544 · program services $620,556 · management and general $80,988

  • 9 · Other employee benefits

    total $117,106 · program services $117,106

  • 10 · Payroll taxes

    total $56,490 · program services $40,159 · management and general $16,331

  • 11b · Fees: legal

    total $2,388 · management and general $2,388

  • 11c · Fees: accounting

    total $15,595 · management and general $15,595

  • 11f · Fees: investment management

    total $17,806 · management and general $17,806

  • 11g · Fees: other

    total $17,872 · program services $15,974 · management and general $1,898

  • 12 · Advertising and promotion

    total $52,018 · management and general $52,018

  • 13 · Office expenses

    total $328,793 · program services $287,293 · management and general $41,500

  • 16 · Occupancy

    total $318,118 · program services $293,474 · management and general $24,644

  • 19 · Conferences, conventions and meetings

    total $4,812 · management and general $4,812

  • 22 · Depreciation, depletion and amortization

    total $130,893 · program services $107,549 · management and general $23,344

  • 23 · Insurance

    total $46,990 · program services $38,610 · management and general $8,380

  • 24a · Other expenses: MISCELLANEOUS

    total $25,509 · program services $1,650 · management and general $23,859

  • 24b · Other expenses: RESIDENT ASSISTANCE FUN

    total $4,680 · management and general $4,680

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $386,539 · end of year $321,435

  • 8 · Inventories for sale or use

    beginning of year $15,086 · end of year $15,086

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,340 · end of year $3,340

  • 10a · Land, buildings and equipment: cost or other basis

    $5,321,818

  • 10b · Land, buildings and equipment: accumulated depreciation

    $3,931,935

  • 10c · Land, buildings and equipment, net

    beginning of year $1,442,355 · end of year $1,389,883

  • 12 · Investments: other securities

    beginning of year $2,154,713 · end of year $1,804,835

  • 15 · Other assets

    beginning of year $446 · end of year $498

  • 17 · Accounts payable and accrued expenses

    beginning of year $54,344 · end of year $144,545

  • 27 · Net assets without donor restrictions

    beginning of year $3,948,135 · end of year $3,390,532

Mission and programs · 2022

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 $1,522,371 · Revenue $1,620,951

As filed on the 2022 return.

Listed in Part VII

  • Don McKinney

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Marianne Moncrief

    VICE-PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Susan Jackson

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Larry Davis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mike Ball

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Rosalind Haynes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Marsha Murphy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kathryn Robertson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dennis Myers

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Isla Jane Tucker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Joel Wright

    EXECUTIVE DIRECTOR

    Total calculated
    $139,546
    From this org
    $132,488
    From related orgs
    $0
    Other
    $7,058
    Hours/week
    45

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
10 November 2023
IRS schema version
2022v5.0
Source object
202303179349309065

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