United Methodist Retirement Community Inc

Organization Overview

United Methodist Retirement Community Inc is located in Wilmore, KY. The organization was established in 1991. 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 12/2021, United Methodist Retirement Community Inc employed 155 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. United Methodist Retirement Community 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 12/2021, United Methodist Retirement Community Inc generated $8.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $7.6m during the year ending 12/2021. While expenses have increased by 0.8% per year over the past 7 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

DEVELOP, CONSTRUCT, AND MANAGE A CONTINUING CARE RETIREMENT COMMUNITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

DEVELOPMENT AND OPERATION OF AN INDEPENDENT LIVING RETIREMENT COMMUNITY, A PERSONAL CARE FACILITY, AND A FULL CARE NURSING FACILITY.


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Board, Officers & Key Employees

Name (title)Compensation
Glenda Creech
CEO
$127,947
Bill Mckinney
Chairman
$0
Erik Johns
CFO
$0
John Adams
Director
$0
Isomar Avarez
Director
$0
John Atchison
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$267,745
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$267,745
Total Program Service Revenue$8,111,640
Investment income $1,553
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 $8,420,185

Grants Recieved

Over the last fiscal year, we have identified 1 grants that United Methodist Retirement Community Inc has recieved totaling $7,000.

Awarding OrganizationAmount
Blue Grass Community Foundation Inc

Lexington, KY

PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION

$7,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$1,076,791
Earnings$93,185
Ending Balance$1,169,976

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