Methodist Retirement Communities

Legal name: Mrc Crestview Place

Nonprofit profile at a glance

EIN
742989751
IRS 990 coverage
2010–2015
Official website data refreshed
Sep 2026
Forms available
Form 990 2015
Location
The Woodlands, TX, USA
Phone
(281) 363-2600
Rating
70
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Senior Citizens' Housing/Retirement Communities
Affiliation
Christianity

Official website

Reported finances

Revenue
$545,852
Expenses
$496,582
Assets
$965,201
Liabilities
$2,015,964

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

Leadership & pay

17 people listed

Executive titles in this filing

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

Highest reported compensation

  • MR RONALD E JENNETTE (PRESIDENT): $288,177 total reported compensation
  • MR CHARLES CHILDRESS (SR VP OPERATIONS): $167,773 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

The organization provided nursing assistance and housing for all of the elderly residents they serve. At this location, this is accomplished through the provision of services, programs, activities, housing and care in several settings to include residential and assisted living apartments, skilled nursing units, rehabilitation therapies and home health.

Operating model

Revenue model
Earned-program. 95% 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 - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 54
  • Transparency & Controls: 84
  • Accountability: 94
  • Sustainability: 53
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 59%; rating input score 59
  • Program expense ratio: 65.3%; rating input score 65
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd 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; 22nd 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: 9%; rating input score 67; 67th percentile among comparable filings
  • Total-asset coverage ratio: 1.94; rating input score 66; 66th percentile among comparable filings
  • Liabilities to assets ratio: 2.09; rating input score 2; 2nd percentile among comparable filings
  • Officer compensation ratio: 18.1%; rating input score 15; 15th percentile among comparable filings

Growth

  • Program expense growth: -12.1% per year; rating input score 0; 10th percentile among comparable filings
  • Revenue growth: 1.9% per year; rating input score 100; 39th percentile among comparable filings
  • Asset growth: -3.2% per year; rating input score 0; 21st 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: 59% of revenue deployed · 65.3% of spending went to programs
  • Governance: 9 of 10 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $325K in reported program spending
  • Leadership: top reported pay $288K · 17 people listed · 4 of 6 pay-setting controls reported
  • Consistency: 30 of 30 current checks pass
  • Schedules: 6 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 — Financial Efficiency: Mission deployment rate scored 59/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 2/100.
  • High — Sustainability: Officer compensation ratio scored 15/100.