Methodist Retirement Communities

Legal name: Mrc Crestview Terrace

Nonprofit profile at a glance

EIN
760669542
IRS 990 coverage
2010–2015
Official website data refreshed
Aug 2026
Forms available
Form 990 2015
Location
The Woodlands, TX, USA
Phone
(281) 363-2600
Rating
72
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Senior Citizens' Housing/Retirement Communities
Affiliation
Christianity

Official website

Reported finances

Revenue
$1,099,776
Expenses
$965,529
Assets
$1,985,680
Liabilities
$3,124,209

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): $167,743 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 terrace (the project) is nonprofit, tax exempt organization that operates a 100-unit apartment complex for the elderly located in bryan, Texas. The project is operated under section 207 of the national housing act and regulated by the u.s. Department of housing and urban development (hud) with respect to rental charges and operating methods. The project's section 207 hud-insured loan is considered a major program.the project is also subject to section 8 housing assistance payments and section 202 service coordinator grant agreements with hud, and a significant portion of the project's rental revenue is received from hud through these agreements. The project's section 8 rent subsidy is considered a major program and the project's section 202 service coordinator grant is considered nonmajor programs. The project is managed by methodist retirement communities (mrc), a Texas nonprofit corporation, who appoints the board of directors of the project.

Operating model

Revenue model
Earned-program. 89% 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: 55
  • Transparency & Controls: 84
  • Accountability: 94
  • Sustainability: 59
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 59.2%; rating input score 59
  • Program expense ratio: 68.3%; rating input score 68
  • 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: 12.2%; rating input score 73; 73rd percentile among comparable filings
  • Total-asset coverage ratio: 2.06; rating input score 68; 68th percentile among comparable filings
  • Liabilities to assets ratio: 1.57; rating input score 3; 3rd percentile among comparable filings
  • Officer compensation ratio: 9.3%; rating input score 38; 38th percentile among comparable filings

Growth

  • Program expense growth: -3.2% per year; rating input score 0; 23rd percentile among comparable filings
  • Revenue growth: 1.7% per year; rating input score 100; 38th percentile among comparable filings
  • Asset growth: 0.7% per year; rating input score 100; 36th percentile among comparable filings

Details

  • What they do: 2 programs and campaigns described on the official site · 1 operating location identified
  • Where the money goes: 59.2% of revenue deployed · 68.3% of spending went to programs
  • Governance: 9 of 10 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $659K in reported program spending
  • Leadership: top reported pay $288K · 17 people listed · 4 of 6 pay-setting controls reported
  • Consistency: 31 of 31 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 — Sustainability: Liabilities to assets ratio scored 3/100.
  • Moderate — Sustainability: Officer compensation ratio scored 38/100.