Form 990 for tax year 2023

Totals

Total revenue

$1,256,368

Total expenses

$1,577,976

Contributions and grants received

$1,152,446

Grants paid

$1,520,587

Program service revenue

$0

Investment income

$103,922

Other revenue

$0

Total assets, end of year

$4,297,480

Total liabilities, end of year

$174,614

Net assets or fund balances, end of year

$4,122,866

Program services expenses (Part IX)

$1,525,408

Management and general expenses

$52,568

Fundraising expenses

$0

Program service expenses (Part III)

$1,525,408

Program services were 96.7% 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.

Mission and programs · 2023

• THE FOUNDATION RECEIVED, INVESTED, AND ADMINISTERED GIFTS TO MRC AFFILIATES SO THE SUPPORTED ORGANIZATIONS COULD PROVIDE NURSING CARE ASSISTANCE TO ITS RESIDENTS.THE FOUNDATION ASSISTS BY FUNDRAISING FOR BENEVOLENT ASSISTANCE TO AID THOSE IN NEED WITHIN THE MRC SYSTEM, CAPITAL CAMPAIGNS FOR NEW REDEVELOPMENT AND REFURBISHMENT PROJECTS; AND A VARIETY OF PROGRAMS AND SERVICES OFFERED BY MRC AND ITS AFFILIATES TOWARD SUPPORTING THE DIGNITY, INDEPENDENCE AND QUALITY OF LIFE FOR THE SENIOR RESIDENTS BEING SERVED.

  Expenses $1,525,408 · Grants $1,520,587

As filed on the 2023 return.

Listed in Part VII

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

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

• MRC CORNERSTONE

  $761,649

  GRANTS WERE PROVIDED TO ASSIST THE ORGANIZATION IN ITS CHARITABLE MISSION.

• MRC CRESTVIEW

  $195,318

  GRANTS WERE PROVIDED TO ASSIST THE ORGANIZATION IN ITS CHARITABLE MISSION.

• MRC TOWNCREEK

  $125,217

  GRANTS WERE PROVIDED TO ASSIST THE ORGANIZATION IN ITS CHARITABLE MISSION.

• MRC THE LANGFORD

  $118,488

  GRANTS WERE PROVIDED TO ASSIST THE ORGANIZATION IN ITS CHARITABLE MISSION.

• METHODIST RETIREMENT COMMUNITIES

  $108,620

  GRANTS WERE PROVIDED TO ASSIST THE ORGANIZATION IN ITS CHARITABLE MISSION.

• MRC PINECREST

  $75,159

  GRANTS WERE PROVIDED TO ASSIST THE ORGANIZATION IN ITS CHARITABLE MISSION.

• MRC THE CROSSINGS

  $40,221

  GRANTS WERE PROVIDED TO ASSIST THE ORGANIZATION IN ITS CHARITABLE MISSION.

• MRC MIRADOR

  $34,453

  GRANTS WERE PROVIDED TO ASSIST THE ORGANIZATION IN ITS CHARITABLE MISSION.

• BAYVIEW SENIOR HOUSING

  $26,346

  GRANTS WERE PROVIDED TO ASSIST THE ORGANIZATION IN ITS CHARITABLE MISSION.

• HAPPY HARBOR SENIOR HOUSING

  $10,542

  GRANTS WERE PROVIDED TO ASSIST THE ORGANIZATION IN ITS CHARITABLE MISSION.

The 10 largest by cash amount. The API serves every itemized grant.

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.

• METHODIST RETIREMENT COMMUNITIES GROUP RETURN

  501(C)(3) · PROVIDING HOUSING FOR ELDERLY & HANDICAPPED INDIVIDUALS · TX

  Directly controlled by METHODIST RETIREMENT COMMUNITIES

• METHODIST RETIREMENT COMMUNITIES

  501(C)(3) · PROVIDING HOUSING FOR ELDERLY & HANDICAPPED INDIVIDUALS · TX

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.

Provenance

Return type

form_990

Tax year

2023

Filed

13 November 2024

IRS schema version

2023v5.1

Source object

202423189349307537

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

The source document this was parsed from is served over the API, which is where bulk and document access live.