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← METHODIST RETIREMENT COMMUNITIES

Form 990 for tax year 2022

Filed by METHODIST RETIREMENT COMMUNITIES.

Totals

Total revenue
$93,551,771
Total expenses
$109,968,279
Contributions and grants received
$1,388,183
Grants paid
$0
Program service revenue
$89,543,452
Investment income
$1,203,603
Other revenue
$1,416,533
Total assets, end of year
$420,110,632
Total liabilities, end of year
$516,027,316
Net assets or fund balances, end of year
-$95,916,684
Program services expenses (Part IX)
$89,144,636
Management and general expenses
$20,823,643
Fundraising expenses
$0
Program service expenses (Part III)
$89,144,636

Program services were 81.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • MR ALAN BROWN

    PRESIDENT

    Total calculated
    $426,260
    From this org
    $0
    From related orgs
    $378,322
    Other
    $47,938
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $378,082 related
    Bonus
    $0 + $240 related
    Other
    $0
    Deferred
    $0 + $26,011 related
    Nontaxable benefits
    $0 + $21,927 related
    Filer's total
    $0 + $426,260 related

  • MR WAYNE D HAGLUND

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • MR THOMAS R WUSSOW

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • MRS ALYCE ANNE BAGGETT

    CHAIR

    Total calculated
    $0
    Hours/week
    9 + 1 related

  • REV BILLY T WILLIAMSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • MR LARRY ST MARTIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • REV PRESTON MORGAN

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    9 + 1 related

  • MR BILL KING

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • MR BILL KOERNER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • MR DALE CONGER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • MR JIM BUNCH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • MR KIP GILTS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • REV ED SIMMONS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • MR FRANKIE WATSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • MRS KIMBERLY K DENNEY

    DIRECTOR (TERM END)

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • MR DON STEPHENS

    CFO/TREASURER

    Total calculated
    $262,179
    From this org
    $0
    From related orgs
    $231,654
    Other
    $30,525
    Hours/week
    38 + 2 related

    Schedule J breakdown matched by us

    Base
    $0 + $231,414 related
    Bonus
    $0 + $240 related
    Other
    $0
    Deferred
    $0 + $15,195 related
    Nontaxable benefits
    $0 + $15,330 related
    Filer's total
    $0 + $262,179 related

  • MS JENNIFER POE

    SECRETARY

    Total calculated
    $82,147
    From this org
    $0
    From related orgs
    $74,383
    Other
    $7,764
    Hours/week
    39 + 1 related

  • MS HEATHER RAMOS

    ASST SECRETARY

    Total calculated
    $85,471
    From this org
    $0
    From related orgs
    $73,838
    Other
    $11,633
    Hours/week
    39 + 1 related

  • MR MATTHEW CURRIE

    VP & EXECUTIVE DIRECTOR

    Total calculated
    $195,823
    From this org
    $0
    From related orgs
    $184,402
    Other
    $11,421
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $184,402 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $11,421 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $195,823 related

  • MS AMY THOMAS

    VP & EXECUTIVE DIRECTOR

    Total calculated
    $205,103
    From this org
    $0
    From related orgs
    $171,472
    Other
    $33,631
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $171,472 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $11,704 related
    Nontaxable benefits
    $0 + $21,927 related
    Filer's total
    $0 + $205,103 related

  • MS DEBORAH NUGENT

    EXECUTIVE DIRECTOR

    Total calculated
    $187,292
    From this org
    $0
    From related orgs
    $177,530
    Other
    $9,762
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $177,290 related
    Bonus
    $0 + $240 related
    Other
    $0
    Deferred
    $0 + $3,577 related
    Nontaxable benefits
    $0 + $6,185 related
    Filer's total
    $0 + $187,292 related

  • MS JILL JANES

    VP OF SALES & MARKETING

    Total calculated
    $210,679
    From this org
    $0
    From related orgs
    $177,382
    Other
    $33,297
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $162,892 related
    Bonus
    $0 + $240 related
    Other
    $0 + $14,250 related
    Deferred
    $0 + $11,370 related
    Nontaxable benefits
    $0 + $21,927 related
    Filer's total
    $0 + $210,679 related

  • MR GREGORY PAUL ROSSI

    EXECUTIVE DIRECTOR

    Total calculated
    $168,006
    From this org
    $0
    From related orgs
    $143,180
    Other
    $24,826
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $142,940 related
    Bonus
    $0 + $240 related
    Other
    $0
    Deferred
    $0 + $9,496 related
    Nontaxable benefits
    $0 + $15,330 related
    Filer's total
    $0 + $168,006 related

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

The filer's explanations (Part III)

PART I, LINE 3
SALARY FOR THE CEO, EXECUTIVE DIRECTOR, OR TOP MANAGEMENT OFFICIAL IS SET BY THE METHODIST RETIREMENT COMMUNITIES (MRC) BOARD, THE PARENT ENTITY.

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202323199349321807

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