MRC Edgewater
Nonprofit profile at a glance
- EIN
- 760486730
- IRS 990 coverage
- 2010–2013
- Forms available
- Form 990 2013
- Location
- The Woodlands, TX, USA
- Phone
- 2813632600
- Rating
- 45
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Supportive Housing for Older Adults
Reported finances
- Revenue
- $690,738
- Expenses
- $0
- Assets
- $0
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2013. Amounts in USD.
Leadership & pay
17 people listed
Executive titles in this filing
- Ronald E Jennette (President)
- Mr James Eilers (Executive Director)
- Mr Matthew Currie (Executive Director)
- Ms Amy Thomas (Executive Director)
Highest reported compensation
- Ronald E Jennette (President): $253,374 total reported compensation
- Brad Stewart (Sr. VP/Treasurer): $164,280 total reported compensation
- Mr Charles Childress (VP): $143,859 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2013. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The Organization is committed to quality living for senior adults in a faith-based environment. The Organization has alwasys taken great pride in being an important part of the broader, local community where it used to serve seniors & provides local employment in meeting its
What it reported doing in 2013
None for 2013 - Final return.
Operating model
- Revenue model
- Other-operating. 83% of the money available for current operations came from other operating revenue.
- Distribution model
- No current program activity. The filing reports no program spending for the current year.
The verdict
MIXED - 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 assets have declined or grown slowly.
Rating breakdown
- Financial Efficiency: 0
- Transparency & Controls: 84
- Accountability: 88
- Sustainability: NotEnoughData
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 0%; rating input score 0
- Program expense ratio: Limited
- 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: 80%; rating input score 80; 16th 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: Limited
- Total-asset coverage ratio: Limited
- Liabilities to assets ratio: Limited
- Officer compensation ratio: Limited
Growth
- Program expense growth: Limited
- Revenue growth: 32.3% per year; rating input score 100; 91st percentile among comparable filings
- Asset growth: -80% per year; rating input score 0; 0th percentile among comparable filings
Details
- Where the money goes: 0% of revenue deployed
- Governance: 4 of 5 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $253K · 17 people listed · 4 of 6 pay-setting controls reported
- Consistency: 12 of 12 current checks pass
- Schedules: 7 filed schedules · includes major donors and executive pay
- Filing history: 4 filing years from 2010 to 2013
- Contacts: How to reach this organization
- Related organizations: 16 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.
- High — Financial Efficiency: Mission deployment rate scored 0/100.
- High — Growth: Asset growth scored 0/100.