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Nonprofiteer
← UNITED METHODIST RETIREMENT HOMES FOUNDATION

Form 990 for tax year 2023

Filed by UNITED METHODIST RETIREMENT HOMES FOUNDATION.

Totals

Total revenue
$350,999
Total expenses
$64,965
Contributions and grants received
$287,823
Grants paid
$59,207
Program service revenue
$0
Investment income
$64,840
Other revenue
-$1,664
Total assets, end of year
$14,860,307
Total liabilities, end of year
$12,842,274
Net assets or fund balances, end of year
$2,018,033
Program services expenses (Part IX)
$59,207
Management and general expenses
$5,574
Fundraising expenses
$184
Program service expenses (Part III)
$59,207

Program services were 91.1% 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.

  • 1c · Fundraising events

    $40,912

  • 1f · All other contributions, gifts and grants

    $246,911

  • 3 · Investment income

    total $57,657 · excluded $57,657

  • 7a · Gross sales of assets other than inventory

    securities $26,288

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

    securities $19,105

  • 7c · Gain or loss

    securities $7,183

  • 7d · Net gain or loss

    total $7,183 · excluded $7,183

  • 8a · Fundraising events: gross income

    $4,365

  • 8a · Fundraising events: contributions included on line 1c

    $40,912

  • 8b · Fundraising events: direct expenses

    $6,029

  • 8c · Net income from fundraising events

    total -$1,664 · excluded -$1,664

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $56,466 · program services $56,466

  • 2 · Grants to domestic individuals

    total $2,741 · program services $2,741

  • 11c · Fees: accounting

    total $3,650 · management and general $3,650

  • 13 · Office expenses

    total $2,108 · management and general $1,924 · fundraising $184

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $2,127,954 · end of year $4,526,628

  • 3 · Pledges and grants receivable

    beginning of year $25,843 · end of year $0

  • 4 · Accounts receivable

    beginning of year $125,130 · end of year $140,672

  • 11 · Investments: publicly traded securities

    beginning of year $9,849,384 · end of year $10,193,007

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,846 · end of year $2,046

  • 18 · Grants payable

    beginning of year $10,003,138 · end of year $12,030,530

  • 19 · Deferred revenue

    beginning of year $253,145 · end of year $0

  • 25 · Other liabilities

    beginning of year $459,025 · end of year $809,698

  • 27 · Net assets without donor restrictions

    beginning of year $173,539 · end of year $190,034

  • 28 · Net assets with donor restrictions

    beginning of year $1,236,618 · end of year $1,827,999

Mission and programs · 2023

Mission

TO RAISE FUNDS TO SUPPORT BENEVOLENT CARE AND SPECIAL PROGRAMS AT CONTINUING CARE COMMUNITIES OWNED AND OPERATED BY THE UNITED METHODIST RETIREMENT HOMES, INC.

Activities or mission (Part I)

THE UNITED METHODIST RETIREMENT HOMES FOUNDATION, INC. IS ORGANIZED IN ORDER TO RAISE ENDOWMENT FUNDS, SUPPORT BENEVOLENT CARE FOR RESIDENTS UNABLE TO PAY FOR CONTINUING CARE, SUPPORT SPECIAL PROGRAMS FOR THE CONTINUING CARE RETIREMENT COMMUNITIES OWNED AND OPERATED BY THE UNITED METHODIST RETIREMENT HOMES, INC. AND MANAGE THE INVESTMENT OF THE FOUNDATION'S ASSETS.

  • CONTRIBUTED FUNDS TO THE UNITED METHODIST RETIREMENT HOMES, INC. EARMARKED FOR BENEVOLENT ASSISTANCE.

    Expenses $59,207 · Grants $59,207

As filed on the 2023 return.

Listed in Part VII

  • Mack Parker

    CHAIR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • W Lee Harriss

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Nancy Van Antwerp

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Paul Lee

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Gray Southern

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • James Martin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Susan Ezekiel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Charles Mercer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Stacy Dobson

    CHIEF FINANCIAL OFFICER

    Total calculated
    $370,587
    From this org
    $0
    From related orgs
    $341,780
    Other
    $28,807
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $297,548 related
    Bonus
    $0 + $43,680 related
    Other
    $0 + $552 related
    Deferred
    $0 + $11,545 related
    Nontaxable benefits
    $0 + $17,262 related
    Filer's total
    $0 + $370,587 related

  • Jonathan Erickson

    CORPORATE EXECUTIVE DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 40 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
THE RELATED ORGANIZATION, UMRH, INC., ROUTINELY CONSULTS THE SERVICES OF AN OUTSIDE AGENCY TO EVALUATE THE ORGANIZATION'S WAGE SCALES AND PAY GRADES. THE RESULTING WAGE SCALE AND THE EMPLOYEE'S PERFORMANCE AND ACCOMPLISHMENTS ARE CONSIDERED IN THE ANNUAL REVIEW PROCESS. IN SOME INSTANCES, A SOFTWARE PROGRAM IS USED TO SIMPLIFY THE COMMUNICATION OF THE REVIEW AND ITS RESULTS.

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

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.

  • UMRH AFFORDABLE HOUSING INC

    C · OPERATE AFFORDABLE RENTAL HOUSING · NC

Provenance

Return type
form_990
Tax year
2023
Filed
15 August 2025
IRS schema version
2023v6.0
Source object
202532279349303498

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