Nonprofit · EIN 74-1403088
METHODIST RETIREMENT COMMUNITIES
Tax-exempt · THE WOODLANDS, TX 77380
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $5,574,029 | $5,615,034 | -$41,005 | $12,609,095 | $825,538 | $11,783,557 |
| December 31, 2023 | 990 | $6,183,819 | $5,427,023 | $756,796 | $18,079,395 | $6,335,537 | $11,743,858 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $102,023
- Program service revenue
- $5,215,256
- Investment income
- $232,451
- Net gain from sales of assets
- -$1,295
- Other revenue
- $24,299
Expenses
- Grants and similar amounts paid
- $10,000
- Compensation of officers, directors and key employees
- $846,960
- Other salaries and wages
- $2,823,135
- Salaries, compensation and benefits (total)
- $4,416,314
- Professional fundraising fees
- $0
- Legal fees
- $13,313
- Occupancy
- $33,875
- Travel
- $235,427
- Depreciation
- $13,514
- Program services (functional)
- $10,000
- Management and general (functional)
- $5,605,034
Balance sheet and other
- Total assets, start of year
- $18,079,395
- Total assets, end of year
- $12,609,095
- Total liabilities, end of year
- $825,538
- Net assets, end of year
- $11,783,557
- Land, buildings and equipment
- $20,148
- Publicly traded securities
- $2,868,809
- Net assets without donor restrictions
- $11,783,557
- Gross receipts
- $5,575,324
- Employees
- 1,465
- Volunteers
- 14
- Year formed
- 1965
- State of legal domicile
- TX
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MR ALAN BROWN | PRESIDENT AND CEO Officer | 0 | $505,575 | $43,462 |
| MR DON STEPHENS | CHIEF FINANCIAL OFFICER Officer | 2 | $266,024 | $31,899 |
| MS JILL JANES | VP OF SALES & MARKETING Highest-paid employee | 0 | $191,037 | $37,985 |
| MS AMY THOMAS | VP & EXECUTIVE DIRECTOR Highest-paid employee | 0 | $187,082 | $37,727 |
| MR MATTHEW CURRIE | VP & EXECUTIVE DIRECTOR Highest-paid employee | 0 | $198,191 | $17,651 |
| MS DEBORAH NUGENT | EXECUTIVE DIRECTOR Highest-paid employee | 0 | $181,195 | $14,800 |
| MS FRANCES BELTRAN | VP OF HUMAN RESOURCES Highest-paid employee | 0 | $181,457 | $14,125 |
| MRS ALYCE ANNE BAGGETT | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| REV PRESTON MORGAN | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| MS ALICIA BESSER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MR JIM BUNCH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MR DALE CONGER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| REV KIP GILTS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MR WAYNE D HAGLUND | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MR BILL KING | DIRECTOR Trustee or director | 1 | $0 | $0 |
6 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MR BILL KOERNER | DIRECTOR Trustee or director | 1 | $0 |
| REV ROMONICA MALONE-WARDLEY | DIRECTOR Trustee or director | 1 | $0 |
| REV ED SIMMONS | DIRECTOR Trustee or director | 1 | $0 |
| MS FRANKIE WATSON | DIRECTOR Trustee or director | 1 | $0 |
| REV BILLY T WILLIAMSON | DIRECTOR Trustee or director | 1 | $0 |
| MR MAC WOODWARD | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 21 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MR ALAN BROWN | PRESIDENT AND CEO Trustee or director, Officer | 0 | $470,399 | $38,745 |
| MR DON STEPHENS | CHIEF FINANCIAL OFFICER Officer | 2 | $355,004 | $27,827 |
| MS AMY THOMAS | VP & EXECUTIVE DIRECTOR Highest-paid employee | 0 | $187,564 | $36,685 |
| MS JILL JANES | VP OF SALES & MARKETING Highest-paid employee | 0 | $186,282 | $36,092 |
| MR MATTHEW CURRIE | VP & EXECUTIVE DIRECTOR Highest-paid employee | 0 | $201,044 | $3,993 |
| MS DEBORAH NUGENT | EXECUTIVE DIRECTOR Highest-paid employee | 0 | $183,340 | $11,645 |
| MS FRANCES BELTRAN | VP OF HUMAN RESOURCES Highest-paid employee | 0 | $166,437 | $23,961 |
| MRS ALYCE ANNE BAGGETT | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| REV PRESTON MORGAN | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| MR JIM BUNCH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MR DALE CONGER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| REV KIP GILTS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MR WAYNE D HAGLUND | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MR BILL KING | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MR BILL KOERNER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| REV ROMONICA MALONE-WARDLEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| REV ED SIMMONS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MR LARRY ST MARTIN | DIRECTOR (TERM END 6/23) Trustee or director | 1 | $0 | $0 |
| MR FRANKIE WATSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| REV BILLY T WILLIAMSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MR THOMAS R WUSSOW | DIRECTOR (TERM END 6/23) Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1440 LAKE FRONT CIR STE 140, THE WOODLANDS, TX 77380-3607
- Principal officer (990 for 2024)
- LEE TRUMBLE, 1440 LAKE FRONT CIRCLE 140, THE WOODLANDS, TX 77380
- Signed the 990
- LEE TRUMBLE, CHIEF FINANCIAL OFFICER
- Phone
- (281) 363-2600
- Website
- WWW.MRCAFF.ORG
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
THE ORGANIZATION'S EXEMPT PURPOSE IS TO BE THE CORPORATE AND ADMINISTRATIVE HEADQUARTERS FOR METHODIST RETIREMENT COMMUNITIES AND ITS AFFILIATED MINISTRIES.
Program accomplishments
- THE ORGANIZATION IS THE CENTRAL SUPPORT HUB FOR METHODIST RETIREMENT COMMUNITIES AND ITS AFFILIATES, AN ORGANIZATION COMMITTED TO QUALITY LIVING FOR SENIOR ADULTS IN FAITH-BASED ENVIRONMENTS. THE ORGANIZATION TAKES GREAT PRIDE IN SEEING THAT OUR AFFILIATES ARE AN IMPORTANT PART OF THE BROADER, LOCAL COMMUNITY WHERE THEY SERVE SENIORS AND PROVIDE EMPLOYMENT IN MEETING OUR MISSION OF SERVICE MINISTRY TO SENIOR ADULTS. THE COVENANT CONNECTION WITH THE TEXAS ANNUAL CONFERENCE OF UNITED METHODISTS LINKS THE ORGANIZATION TO ITS HERITAGE AND ORIGIN, THOUGH THE ENTIRE SYSTEM OPENLY ACCEPTS PERSONS OF ALL FAITHS AND BELIEFS; WITH NO DISCRIMINATION TOWARD RESIDENTS, STAFF, BOARD MEMBERS, VOLUNTEERS, DONORS, VENDORS, ETC. THE ORGANIZATION ENCOURAGES DONATIONS TO OUR FOUNDATION (CONTINUED ON SCHEDULE O)TO HELP OUR AFFILIATES ASSIST AND RETAIN RESIDENTS WHO RUN LOW ON FUNDS OR EVENTUALLY EVEN OUT OF MONEY THROUGH NO FAULT OF THEIR OWN. THE ORGANIZATION PROVIDES FINANCE, ACCOUNTING, HUMAN RESOURCES, TECHNOLOGY, MARKETING, OPERATIONS AND EXECUTIVE & STRATEGIC PLANNING LEADERSHIP TO THE AFFILIATES OF MRC AS THE AFFILIATES PROVIDE SERVICES, PROGRAMS, ACTIVITIES, CARE AND HOUSING TO SENIORS IN INDEPENDENT/RESIDENTIAL APARTMENTS (BOTH MARKET-RATE AND LOW-INCOME), ASSISTED LIVING APARTMENTS, SPECIALTY MEMORY SUPPORT SUITES FOR THOSE WITH ALZHEIMER'S AND OTHER DEMENTIAS, SKILLED NURSING & REHABILITATION UNITS, AND HOME HEALTH & HOME SERVICES. THE ORGANIZATION OVERSEES THE LICENSING WHEREBY SOME OF THE ORGANIZATION'S AFFILIATES ACCEPT MEDICARE, MEDICAID AND/OR HUD PAYMENTS ALONG WITH PRIVATE PAY AND CERTAIN INSURANCE PLANS. THE ORGANIZATION ENCOURAGES ITS AFFILIATES TO ALSO OPEN ITS DOORS IN ITS LOCAL BROADER COMMUNITY TO PERIODICALLY PROVIDE SPACE USE FOR OTHER LOCAL NONPROFITS, SUCH AS LIONS, ROTARY, CHAMBER, ETC.Expenses $10,000 · grants $10,000 · revenue $5,215,256
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 74-1403088
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Group exemption
- Exempt since
- 2016
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L22)
- Group exemption
- 6242 (18 member organizations)
- Assets (IRS master file)
- $12,609,095
- Income (IRS master file)
- $5,575,324
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $5,574,029 | $5,615,034 | $12,609,095 | IRS |
| 990 | December 2023 | $6,183,819 | $5,427,023 | $18,079,395 | XML |
| 990 | December 2022 | $8,582,800 | $4,976,440 | $16,751,294 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 74-1403088).
Questions about METHODIST RETIREMENT COMMUNITIES
- What is the EIN of METHODIST RETIREMENT COMMUNITIES?
- The employer identification number (EIN) of METHODIST RETIREMENT COMMUNITIES is 74-1403088.
- Is METHODIST RETIREMENT COMMUNITIES tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2016.
- Are donations to METHODIST RETIREMENT COMMUNITIES tax-deductible?
- Yes. It is listed in IRS Publication 78 (Group exemption).
- Which annual return does METHODIST RETIREMENT COMMUNITIES file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of METHODIST RETIREMENT COMMUNITIES due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did METHODIST RETIREMENT COMMUNITIES last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of METHODIST RETIREMENT COMMUNITIES?
- The 990 for the year ended December 31, 2024 names LEE TRUMBLE.
- Who are the officers and directors of METHODIST RETIREMENT COMMUNITIES?
- The 990 for the year ended December 31, 2024 lists 21 people; 7 received compensation from the organization, the highest $505,575 (MR ALAN BROWN, PRESIDENT AND CEO).
- How much revenue does METHODIST RETIREMENT COMMUNITIES have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $5,574,029, expenses of $5,615,034 and total assets of $12,609,095 at year end.
Organizations in its group exemption (18)
- METHODIST RETIREMENT COMMUNITIES EIN 38-4022302 · THE WOODLANDS, TX · last filed 990 for 2024
- METHODIST RETIREMENT COMMUNITIES EIN 76-0674922 · SPRING, TX · last filed 990-N for 2009
- METHODIST RETIREMENT COMMUNITIES EIN 20-8289146 · SPRING, TX · last filed 990-N for 2009
- METHODIST RETIREMENT COMMUNITIES EIN 45-4198642 · SPRING, TX · last filed 990-N for 2014
Other nonprofits in THE WOODLANDS
- DEL WEBB THE WOODLANDS HOMEOWNERS A EIN 81-1348728 · last filed 990 for 2025
- LAKES AT NORTHPOINTE HOA INC EIN 47-0955024 · last filed 990 for 2024
- ROTARY HOUSE EIN 82-3300251 · last filed 990-EZ for 2025
- SAVANNAH NORTH COMMUNITY FOUNDATION INC EIN 47-1522756 · last filed 990 for 2025
- BIG MCC CLUB EIN 87-3323646 · last filed 990-N for 2023
- HUMAN ONE FOUNDATION EIN 93-1905170 · last filed 990-N for 2023
- METHODIST RETIREMENT COMMUNITIES EIN 38-4022302 · last filed 990 for 2024
- WOODLANDS CENTER FOR THE PERFORMING ARTS EIN 76-0276606 · last filed 990 for 2025
All nonprofits in THE WOODLANDS · Texas · Housing and shelter