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Nonprofiteer
← METHODIST RETIREMENT COMMUNITIES

Form 990 for tax year 2024

Filed by METHODIST RETIREMENT COMMUNITIES.

Totals

Total revenue
$114,567,701
Total expenses
$128,111,442
Contributions and grants received
$1,354,125
Grants paid
$0
Program service revenue
$107,295,954
Investment income
$3,252,430
Other revenue
$2,665,192
Total assets, end of year
$384,177,784
Total liabilities, end of year
$506,900,929
Net assets or fund balances, end of year
-$122,723,145
Program services expenses (Part IX)
$101,890,672
Management and general expenses
$26,220,770
Fundraising expenses
$0
Program service expenses (Part III)
$101,890,672

Program services were 79.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • MRS ALYCE ANNE BAGGETT

    CHAIR

    Total calculated
    $0
    Hours/week
    9 + 1 related

  • REV PRESTON MORGAN

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    9 + 1 related

  • MRS ALICIA BESSER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • MR JIM BUNCH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • MR DALE CONGER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • REV KIP GILTS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • MR WAYNE D HAGLUND

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 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

  • REV ROMONICA MALONE-WARDLEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • REV ED SIMMONS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • MS FRANKIE WATSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • REV BILLY T WILLIAMSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • MR MAC WOODWARD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • MR ALAN BROWN

    PRESIDENT AND CEO

    Total calculated
    $549,037
    From this org
    $0
    From related orgs
    $505,575
    Other
    $43,462
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $505,575 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $13,620 related
    Nontaxable benefits
    $0 + $29,842 related
    Filer's total
    $0 + $549,037 related

  • MR DON STEPHENS

    CHIEF FINANCIAL OFFICER

    Total calculated
    $297,923
    From this org
    $0
    From related orgs
    $266,024
    Other
    $31,899
    Hours/week
    38 + 2 related

    Schedule J breakdown matched by us

    Base
    $0 + $266,024 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $10,963 related
    Nontaxable benefits
    $0 + $20,936 related
    Filer's total
    $0 + $297,923 related

  • MS AMY THOMAS

    VP & EXECUTIVE DIRECTOR

    Total calculated
    $224,809
    From this org
    $0
    From related orgs
    $187,082
    Other
    $37,727
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $187,082 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $7,885 related
    Nontaxable benefits
    $0 + $29,842 related
    Filer's total
    $0 + $224,809 related

  • MS JILL JANES

    VP OF SALES & MARKETING

    Total calculated
    $229,022
    From this org
    $0
    From related orgs
    $191,037
    Other
    $37,985
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $191,037 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $8,143 related
    Nontaxable benefits
    $0 + $29,842 related
    Filer's total
    $0 + $229,022 related

  • MR MATTHEW CURRIE

    VP & EXECUTIVE DIRECTOR

    Total calculated
    $215,842
    From this org
    $0
    From related orgs
    $198,191
    Other
    $17,651
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $198,191 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $7,704 related
    Nontaxable benefits
    $0 + $9,947 related
    Filer's total
    $0 + $215,842 related

  • MS DEBORAH NUGENT

    EXECUTIVE DIRECTOR

    Total calculated
    $195,995
    From this org
    $0
    From related orgs
    $181,195
    Other
    $14,800
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $181,195 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $7,140 related
    Nontaxable benefits
    $0 + $7,660 related
    Filer's total
    $0 + $195,995 related

  • MS FRANCES BELTRAN

    VP OF HUMAN RESOURCES

    Total calculated
    $195,582
    From this org
    $0
    From related orgs
    $181,457
    Other
    $14,125
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $181,457 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $6,465 related
    Nontaxable benefits
    $0 + $7,660 related
    Filer's total
    $0 + $195,582 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

  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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.

Provenance

Return type
form_990
Tax year
2024
Filed
30 October 2025
IRS schema version
2024v5.2
Source object
202533039349302728

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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