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← METHODIST RETIREMENT COMMUNITIES

Form 990 for tax year 2023

Filed by METHODIST RETIREMENT COMMUNITIES.

Totals

Total revenue
$6,183,819
Total expenses
$5,427,023
Contributions and grants received
$816,866
Grants paid
$0
Program service revenue
$5,141,944
Investment income
$139,833
Other revenue
$85,176
Total assets, end of year
$18,079,395
Total liabilities, end of year
$6,335,537
Net assets or fund balances, end of year
$11,743,858
Program services expenses (Part IX)
$0
Management and general expenses
$5,427,023
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • MR ALAN BROWN

    PRESIDENT AND CEO

    Total calculated
    $509,144
    From this org
    $470,399
    From related orgs
    $0
    Other
    $38,745
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $470,399
    Bonus
    $0
    Other
    $0
    Deferred
    $6,600
    Nontaxable benefits
    $32,145
    Filer's total
    $509,144

  • MR DON STEPHENS

    CHIEF FINANCIAL OFFICER

    Total calculated
    $382,831
    From this org
    $355,004
    From related orgs
    $0
    Other
    $27,827
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $355,004
    Bonus
    $0
    Other
    $0
    Deferred
    $5,217
    Nontaxable benefits
    $22,610
    Filer's total
    $382,831

  • MS AMY THOMAS

    VP & EXECUTIVE DIRECTOR

    Total calculated
    $224,249
    From this org
    $187,564
    From related orgs
    $0
    Other
    $36,685
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $187,564
    Bonus
    $0
    Other
    $0
    Deferred
    $3,993
    Nontaxable benefits
    $32,692
    Filer's total
    $224,249

  • MS JILL JANES

    VP OF SALES & MARKETING

    Total calculated
    $222,374
    From this org
    $186,282
    From related orgs
    $0
    Other
    $36,092
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $186,282
    Bonus
    $0
    Other
    $0
    Deferred
    $3,947
    Nontaxable benefits
    $32,145
    Filer's total
    $222,374

  • MR MATTHEW CURRIE

    VP & EXECUTIVE DIRECTOR

    Total calculated
    $205,037
    From this org
    $201,044
    From related orgs
    $0
    Other
    $3,993
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $201,044
    Bonus
    $0
    Other
    $0
    Deferred
    $3,993
    Nontaxable benefits
    $0
    Filer's total
    $205,037

  • MS DEBORAH NUGENT

    EXECUTIVE DIRECTOR

    Total calculated
    $194,985
    From this org
    $183,340
    From related orgs
    $0
    Other
    $11,645
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $183,340
    Bonus
    $0
    Other
    $0
    Deferred
    $3,640
    Nontaxable benefits
    $8,005
    Filer's total
    $194,985

  • MS FRANCES BELTRAN

    VP OF HUMAN RESOURCES

    Total calculated
    $190,398
    From this org
    $166,437
    From related orgs
    $0
    Other
    $23,961
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $166,437
    Bonus
    $0
    Other
    $0
    Deferred
    $3,442
    Nontaxable benefits
    $20,519
    Filer's total
    $190,398

  • MRS ALYCE ANNE BAGGETT

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 9 related

  • REV PRESTON MORGAN

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 9 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

  • MR LARRY ST MARTIN

    DIRECTOR (TERM END 6/23)

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • MR 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 THOMAS R WUSSOW

    DIRECTOR (TERM END 6/23)

    Total calculated
    $0
    Hours/week
    1 + 1 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

  • 1a · Tax indemnification and gross-up payments
  • 1b · Written policy on the line-1a expenses
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 2 · Substantiation required before reimbursing expenses
  • 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 1A
THE FOLLOWING INDIVIDUALS RECEIVED A TAX INDEMNIFICATION AND GROSS-UP PAYMENTS DURING 2023: ALAN BROWN - $511 DON STEPHENS - $784 MATTHEW CURRIE - $273 AMY THOMAS - $273 JILL JANES - $119 DEBORAH NUGENT - $1,509 FRANCES BELTRAN - $768

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.

  • NFP ASSURANCE GROUP

    C · SELF-INSURANCE · CJ · share of income $18,160 · controlled entity

    Directly controlled by METHODIST RETIREMENT COMMUNITIES

Provenance

Return type
form_990
Tax year
2023
Filed
13 November 2024
IRS schema version
2023v5.1
Source object
202403189349310705

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