United Methodist Retirement Communities Inc
- Assets
- $156.9m
- Revenue
- $36.3m
- Investments
- $56.1m
- Employees
- 768
- Location
- Chelsea, MI
- Founding
- 04/1948
- Data as of
- 06/2021
- EIN
- 38-1366908
Organization Overview
United Methodist Retirement Communities Inc is located in Chelsea, MI. The organization was established in 1948. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. As of 06/2021, United Methodist Retirement Communities Inc employed 768 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. United Methodist Retirement Communities Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, United Methodist Retirement Communities Inc generated $36.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $43.9m during the year ending 06/2021. While expenses have increased by 5.8% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE WELLNESS, DIGNITY AND INDEPENDENCE OF OLDER ADULTS BY PROVIDING HIGH-QUALITY, INNOVATIVE RESIDENTIAL AND SUPPORT SERVICES
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHELSEA RETIREMENT COMMUNITY AND THE CEDARS OF DEXTER PROVIDED LONG TERM NURSING AND RESIDENTIAL CARE TO APPROXIMATELY 853 RESIDENTS DURING 2020-2021, INCLUDING BENEVOLENT CARE TO MANY WHO WERE UNABLE TO PAY FOR THE FULL COST OF THEIR OWN CARE.UNITED METHODIST RETIREMENT COMMUNITIES (UMRC) HAS BEEN A LEADER IN CARING FOR OLDER ADULTS SINCE ITS FAITHFUL FOUNDING IN 1906. WITH A TRADITION OF EXCEPTIONAL QUALITY AND COMMITMENT TO CUTTING-EDGE CARE, TODAY UMRC OFFERS MICHIGAN'S MOST DIVERSE CONTINUUM OF HOUSING OPTIONS AND SERVICES ACROSS 12 COUNTIES TO OLDER ADULTS OF ALL INCOME LEVELS. THE POPULATION OF SENIORS OVER THE AGE OF 65 IS EXPECTED TO DOUBLE BY THE YEAR 2030, AND THE OLDEST ADULTS, 85 YEARS AND OLDER, WILL GROW BY 300%. UMRC IS COMMITTING ITS EFFORTS TO REMAIN AHEAD OF THE CURVE AND TO EMBRACE THE CARE NEEDS AND WISHES OF THIS DRAMATICALLY GROWING SECTOR. UMRC'S VISION IS A WORLD IN WHICH ALL ARE EMPOWERED TO AGE WELL.
CHELSEA RETIREMENT COMMUNITY AND THE CEDARS OF DEXTER PROVIDED LONG TERM NURSING AND RESIDENTIAL CARE TO APPROXIMATELY 853 RESIDENTS DURING 2020-2021, INCLUDING BENEVOLENT CARE TO MANY WHO WERE UNABLE TO PAY FOR THE FULL COST OF THEIR OWN CARE.UNITED METHODIST RETIREMENT COMMUNITIES (UMRC) HAS BEEN A LEADER IN CARING FOR OLDER ADULTS SINCE ITS FAITHFUL FOUNDING IN 1906. WITH A TRADITION OF EXCEPTIONAL QUALITY AND COMMITMENT TO CUTTING-EDGE CARE, TODAY UMRC OFFERS MICHIGAN'S MOST DIVERSE CONTINUUM OF HOUSING OPTIONS AND SERVICES ACROSS 12 COUNTIES TO OLDER ADULTS OF ALL INCOME LEVELS. THE POPULATION OF SENIORS OVER THE AGE OF 65 IS EXPECTED TO DOUBLE BY THE YEAR 2030, AND THE OLDEST ADULTS, 85 YEARS AND OLDER, WILL GROW BY 300%. UMRC IS COMMITTING ITS EFFORTS TO REMAIN AHEAD OF THE CURVE AND TO EMBRACE THE CARE NEEDS AND WISHES OF THIS DRAMATICALLY GROWING SECTOR. UMRC'S VISION IS A WORLD IN WHICH ALL ARE EMPOWERED TO AGE WELL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathy Russell Executive Director | Officer | 50 | $167,995 |
Michael Richards Nursing Home Administrator | 50 | $134,912 | |
Jennifer Shores Director Of Nursing | 50 | $122,966 | |
Erica Pledger Registered Nurse | 50 | $114,293 | |
Cristina Manly Director Of Sales & Admissions | 50 | $106,134 | |
Natalie Jentzen Executive Director Of Dexter | 40 | $100,437 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Az Shmina Inc Construction | 6/29/21 | $516,140 |
Nxgen Mdx Medical Services | 6/29/21 | $268,500 |
Green Magic Growers Landscaping Services | 6/29/21 | $403,646 |
Innerspace Design Inc Construction | 6/29/21 | $432,037 |
Ev Construction Construction | 6/29/21 | $1,142,806 |
Green Magic Growers Landscaping Services | 6/29/21 | $403,646 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $2,248,439 |
| Government grants | $1,428,516 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,676,955 |
| Total Program Service Revenue | $32,637,187 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $36,318,347 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,000,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $186,710 |
| Compensation of current officers, directors, key employees. | $19,096 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $14,207,242 |
| Pension plan accruals and contributions | $430,680 |
| Other employee benefits | $1,540,198 |
| Payroll taxes | $1,051,476 |
| Fees for services: Management | $542,016 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,084,667 |
| Advertising and promotion | $215,112 |
| Office expenses | $174,813 |
| Information technology | $186,093 |
| Royalties | $0 |
| Occupancy | $2,065,593 |
| Travel | $134,441 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,511,399 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,218,109 |
| Insurance | $646,923 |
| All other expenses | $4,430,144 |
| Total functional expenses | $43,931,267 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,223,525 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,061,937 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $754,966 |
| Net Land, buildings, and equipment | $84,994,682 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $56,054,960 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,811,015 |
| Total assets | $156,901,085 |
| Accounts payable and accrued expenses | $2,799,341 |
| Grants payable | $0 |
| Deferred revenue | $26,277,702 |
| Tax-exempt bond liabilities | $38,263,023 |
| Escrow or custodial account liability | $423,993 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | -$326,377 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,933,278 |
| Total liabilities | $73,370,960 |
| Net assets without donor restrictions | $83,530,125 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $156,901,085 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that United Methodist Retirement Communities Inc has recieved totaling $8,824.
| Awarding Organization | Amount |
|---|---|
Maxine S Lahti Charitable Tr Pittsburgh, PA PURPOSE: GENERAL SUPPORT | $8,824 |
Endowment Analysis
| Beg. Balance | $35,127,093 |
| Earnings | -$3,049,552 |
| Net Contributions | $1,058,324 |
| Grants | -$3,073,548 |
| Ending Balance | $30,062,317 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United Church Homes Inc Marion, OH | $230,951,491 | $117,776,158 |
Menorah Park Center For Senior Living Beachwood, OH | $96,877,128 | $72,312,185 |
Otterbein Homes Lebanon, OH | $197,247,651 | $73,479,652 |
Bhi Senior Living Inc Indianapolis, IN | $339,336,234 | $58,133,040 |
Mcgregor Pace Cleveland, OH | $22,344,459 | $56,283,069 |
Maple Knoll Communities Inc Cincinnati, OH | $123,123,326 | $44,611,272 |
United Methodist Retirement Communities Inc Chelsea, MI | $156,901,085 | $36,318,347 |
Michigan Masonic Home Alma, MI | $52,789,973 | $43,622,202 |
Henry Ford Village Inc Dearborn, MI | $17,115,339 | $84,991,852 |
Otterbein Lebanon Lebanon, OH | $186,378,501 | $44,867,411 |
Lindengrove Inc Brookfield, WI | $53,159,981 | $37,652,858 |
Benevolent Corporation Cedar Community West Bend, WI | $115,395,812 | $41,115,280 |