Methodist Retirement Communities

Legal name: Mrc Crestview

Nonprofit profile at a glance

EIN
760520414
IRS 990 coverage
2010–2015
Official website data refreshed
Aug 2026
Forms available
Form 990 2015
Location
The Woodlands, TX, USA
Phone
2813632600
Rating
79
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Senior Citizens' Housing/Retirement Communities

Official website

Reported finances

Revenue
$13,174,524
Expenses
$12,856,605
Assets
$24,592,359
Liabilities
$72,371,449

Source: IRS Form 990. Selected filing: tax year 2015. Amounts in USD.

Leadership & pay

18 people listed

Executive titles in this filing

  • MR RONALD E JENNETTE (PRESIDENT)
  • MR MATTHEW CURRIE (VP/EXECUTIVE DIRECTOR)
  • MR HAROLD ERMSHAR (EXECUTIVE DIRECTOR)
  • MR TODD PARTIN (EXECUTIVE DIRECTOR)

Highest reported compensation

  • MR RONALD E JENNETTE (PRESIDENT): $288,177 total reported compensation
  • MR CHARLES CHILDRESS (SR VP OPERATIONS): $167,743 total reported compensation
  • MR DON STEPHENS (CFO/TREASURER): $162,672 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2015. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

We honor and serve older adults as an expression of Christ’s love.

What it reported doing in 2015

Mrc crestview dba: crestview retirement community (the organization), is a Texas nonprofit organization that owns and operates a retirement community in bryan, Texas. The organization began a two phase repositioning project in 2010 that was completed in february 2013. The community includes 91 independent living units (independent living apartments), 48 skilled nursing beds (skilled nursing center), 48 assisted living units, and 18 memory support units (assisted apartments).

Operating model

Revenue model
Earned-program. 96% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and assets have declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 71
  • Transparency & Controls: 84
  • Accountability: 94
  • Sustainability: 53
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 78.6%; rating input score 79
  • Program expense ratio: 81.6%; rating input score 82
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 4 of 6 controls in place; rating input score 67
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Pass
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 90%; rating input score 90; 24th 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: 2.4%; rating input score 50; 50th percentile among comparable filings
  • Total-asset coverage ratio: 1.91; rating input score 66; 66th percentile among comparable filings
  • Liabilities to assets ratio: 2.94; rating input score 1; 1st percentile among comparable filings
  • Officer compensation ratio: 0.8%; rating input score 87; 87th percentile among comparable filings

Growth

  • Program expense growth: 0.6% per year; rating input score 100; 26th percentile among comparable filings
  • Revenue growth: 19.7% per year; rating input score 100; 91st percentile among comparable filings
  • Asset growth: -5.1% per year; rating input score 0; 8th percentile among comparable filings

Details

  • What they do: 8 programs and campaigns described on the official site · 1 operating location identified
  • Where the money goes: 78.6% of revenue deployed · 81.6% of spending went to programs
  • Governance: 9 of 10 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $10.5M in reported program spending
  • Leadership: top reported pay $288K · 18 people listed · 4 of 6 pay-setting controls reported
  • Highest-paid contractors: 1 contractor listed · $669K reported
  • Consistency: 33 of 33 current checks pass
  • Schedules: 7 filed schedules · includes major donors and executive pay
  • Filing history: 6 filing years from 2010 to 2015
  • Contacts: How to reach this organization
  • Related organizations: 15 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Sustainability: Operating margin scored 50/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 1/100.