Methodist Retirement Communities
501(c)(3) Donations tax-deductible
80% goes to programs $0 to raise $100 Thin reserves Growing revenue
Methodist Retirement Communities is a 501(c)(3) organization based in The Woodlands, Texas, registered in 2016, with $114,567,701 in FY2024 revenue. CharityIndex grades it C, and it directs about 80% of spending to programs.
1440 Lake Front Cir Ste 140, The Woodlands, TX, 77380 EIN 38-4022302 Since 2016
Revenue (FY2024)
$114.6M
▲ 6.8% vs prior year
Expenses (FY2024)
$128.1M
Net assets
-$122.7M
Employees
1,465
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C
★★★★
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →C+Program efficiency40% of the rating80% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Methodist Retirement Communities: 80% to programs · $0 to raise $100 earns a C+ on this criterion. See the exact thresholds →
FFinancial health25% of the rating0 mo reserves · -12% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Methodist Retirement Communities: 0 mo reserves · -12% margin earns a F on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Methodist Retirement Communities: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Methodist Retirement Communities: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Quality living for senior adults in a faith-based environment.
What they do
The organization provides independent living services for its residents at mrc cornerstone, mrc crestview, mrc pinecrest, happy harbor methodist home inc., mrc senior living at clearklake, mrc senior living corpus christi, bayview senior housing, mrc crestview place, mrc crestview terrace, crestview unity, and happy harbor senior housing. five of the independent living properties are financed by hud which include bayview senior housing, mrc crestview place, mrc crestview terrace, crestview unity, and happy harbor senior housing. mrc cornerstone has 108 independent living units located in texarkana, texas, mrc crestview has 91 independent living units located in bryan, texas, mrc pinecrest has 119 independent living units located in lufkin, texas, happy harbor methodist home, inc. has 116 independent living units located in league city, texas, mrc senior living at clearlake has 72 independent living units located in college station, texas, mrc senior living corpus christi has 125 independent living units located in corpus christi, texas, bayview senior housing has 61 independent living units located in laporte, texas, mrc crestview place has 44 independent living units located in bryan, texas, mrc crestview terrace has 100 independent living units located in bryan, texas, crestview unity has 63 independent living units located in bryan, texas, and happy harbor senior housing has 51 independent living units located in laporte, texas.
The organization provides assisted living and memory support services for its residents at mrc towncreek, mrc cornerstone, mrc crestview, mrc pinecrest, happy harbor methodist home inc., mrc senior living at clearlake, and mrc senior living corpus christi. mrc towncreek has 32 assisted living units and 18 memory support units located in huntsville, texas, mrc cornerstone has 51 assisted living units including 36 certified units for alzheimer's care located in texarkana, texas, mrc crestview has 48 assisted living units and 18 memory support units located in bryan, texas, mrc pinecrest has 40 memory support units located in lufkin, texas, happy harbor methodist home, inc. has 36 assisted living units and 24 memory support units located in league city, texas., mrc senior living at clearlake has 24 assisted living units and 18 memory support units located in college station, texas, and mrc senior living corpus christi has 44 assisted living units and 18 memory support units located in corpus christi, texas.
The organization provides home health services for its residents at mrc pinecrest and mrc cornerstone.
Contact & location
- Address
- 1440 Lake Front Cir Ste 140, The Woodlands, TX, 77380
- City
- The Woodlands
- State
- Texas
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $62.2M (FY2017) to $114.6M (FY2024) across 8 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $506.9MNet assets -$122.7M
Operating margin
-11.8%
Spent more than it raised in the latest fiscal year.
Total assets
$384.2M
Total liabilities
$506.9M
Net assets
-$122.7M
Salaries & benefits
$44.9M
35% of expenses
Board members
14
14 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $114,567,701▲6.8% | $128,111,442▲2.0% | -$122,723,145▼10.1% | $384,177,784▼4.0% | 990 |
| 2023 | $107,251,381▲14.6% | $125,550,613▲14.2% | -$111,435,777▼16.2% | $400,169,927▼4.7% | 990 |
| 2022 | $93,551,771▲10.8% | $109,968,279▼3.4% | -$95,916,684▼1.6% | $420,110,632▲0.5% | 990 |
| 2021 | $84,432,559▲1.1% | $113,894,926▲18.0% | -$94,401,214▼43.5% | $418,152,845▼2.3% | 990 |
| 2020 | $83,548,971▲6.8% | $96,548,292▲5.7% | -$65,784,731▼27.6% | $427,980,872▲31.0% | 990 |
| 2019 | $78,233,565▲15.0% | $91,302,794▲21.7% | -$51,568,362▼33.8% | $326,609,504▲12.6% | 990 |
| 2018 | $68,022,387▲9.3% | $75,030,549▼10.0% | -$38,555,725▼71.2% | $290,135,151▲2.2% | 990 |
| 2017 | $62,209,271 | $83,330,098 | -$22,523,522 | $283,787,155 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Mr Alan Brown | President and Ceo | 40 | — |
| Mr Bill King | Director | 1 | — |
| Mr Bill Koerner | Director | 1 | — |
| Mr Dale Conger | Director | 1 | — |
| Mr Don Stephens | Chief Financial Officer | 38 | — |
| Mr Jim Bunch | Director | 1 | — |
| Mr Mac Woodward | Director | 1 | — |
| Mr Matthew Currie | Vp & Executive Director | 40 | — |
| Mrs Alicia Besser | Director | 1 | — |
| Mrs Alyce Anne Baggett | Chair | 9 | — |
| Mr Wayne D Haglund | Director | 1 | — |
| Ms Amy Thomas | Vp & Executive Director | 40 | — |
| Ms Deborah Nugent | Executive Director | 40 | — |
| Ms Frances Beltran | Vp of Human Resources | 40 | — |
| Ms Frankie Watson | Director | 1 | — |
| Ms Jill Janes | Vp of Sales & Marketing | 40 | — |
| Rev Billy T Williamson | Director | 1 | — |
| Rev Ed Simmons | Director | 1 | — |
| Rev Kip Gilts | Director | 1 | — |
| Rev Preston Morgan | Vice Chair | 9 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Unidine Corporation | Food Services | $16,228,394 |
| Quality Care Rehab | Medical Services | $3,821,473 |
| Charles N White Construction Company | Construction | $1,346,586 |
| Dalworth Restoration LLC | Construction | $1,261,405 |
| Final Coat | Construction | $1,117,411 |
Frequently asked questions
- Is Methodist Retirement Communities a legitimate nonprofit?
- Yes. Methodist Retirement Communities is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 38-4022302, based in The Woodlands, Texas. Donations are tax-deductible.
- What is Methodist Retirement Communities's EIN?
- Methodist Retirement Communities's Employer Identification Number (EIN) is 38-4022302.
- How much revenue does Methodist Retirement Communities report?
- Methodist Retirement Communities reported $114,567,701 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Methodist Retirement Communities's spending goes to programs?
- Methodist Retirement Communities spends about 80% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Methodist Retirement Communities have?
- CharityIndex grades Methodist Retirement Communities C, based on program efficiency and fundraising cost.
- How much does Methodist Retirement Communities's highest-paid employee make?
- The highest reported compensation on Methodist Retirement Communities's latest Form 990 is $0, paid to Mr Alan Brown (President and Ceo).
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Data for Methodist Retirement Communities (EIN 38-4022302) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.