Methodist Retirement Communities

What it reported doing in 2024

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.

Financial Efficiency

• Mission deployment rate: 0.2%; rating input score 0
• Program expense ratio: 0.2%; rating input score 0
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: 3 of 6 controls in place; rating input score 50
  • Compensation committee: Missing
  • Independent consultant: Missing
  • Other Form 990s reviewed: Pass
  • Written employment contract: Missing
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
• Governance controls: 9 of 9 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: -0.7%; rating input score 30; 30th percentile among comparable filings
• Total-asset coverage ratio: 2.25; rating input score 65; 65th percentile among comparable filings
• Liabilities to assets ratio: 0.07; rating input score 66; 66th percentile among comparable filings
• Officer compensation ratio: 34%; rating input score 4; 4th percentile among comparable filings

Growth

• Program expense growth: -15.2% per year; rating input score 0; 2nd percentile among comparable filings
• Revenue growth: 8.3% per year; rating input score 100; 61st percentile among comparable filings
• Asset growth: 1.8% per year; rating input score 100; 19th percentile among comparable filings