Cause IQ organization profile

Methodist Homes Corporation

Methodist Homes Corporation is a nursing home based in Birmingham, AL that was founded in 1956. As of 2019 they had $45 million in revenue and $113 million in assets.

Previous legal names or variations of their name include: Methodist Home For The Aging.

EIN:

63-0376518

City:

Birmingham

State:

Alabama

Website:

methodisthomes.org

Founded:

1956

Type:

501(c)(3)

NTEE:

E91: Nursing and convalescent homes

Revenue:

$45,211,834

Assets:

$113,328,836

Employees:

1,160

Fiscal year end:

June

Revenue trends:

Asset trends:

Program areas at Methodist Homes Corporation

Housing and nursing care for the aged was provided for approximately 199,758 resident/patient days

Form 990s for Methodist Homes Corporation

Fiscal year ending	Date received by IRS	Form	PDF link
2019-06	Sep 4, 2020	990	View PDF
2018-06	Jun 19, 2019	990	View PDF
2017-06	Jun 14, 2018	990	View PDF
2016-06	Jul 12, 2017	990	View PDF
2015-06	Mar 23, 2016	990	View PDF
...and six more Form 990 PDFs

Financials for Methodist Homes Corporation

Field	2019	2018	% Change
Federated campaigns	$0	$0
Membership dues	$0	$0
Fundraising event contributions	$0	$0
Related organizations	$0	$0
Government grants (contributions)	$0	$0
Normal grants, contributions, etc.	$362,311	$392,242	-7.6%
<em>Non-cash contributions included in above</em>	$0	$0
Total grants, contributions, etc.	$362,311	$392,242	-7.6%

Field	2019	2018	% Change
Total grants, contributions, etc.	$362,311	$392,242	-7.6%
Program services	$44,317,565	$39,624,938	11.8%
Investment income and dividends	$531,958	$1,167,914	-54.5%
Tax-exempt bond proceeds	$0	$0
Royalty revenue	$0	$0
Net rental income	$0	$0
Net gain from sale of non-inventory assets	$0	$0
Net income from fundraising events	$0	$0
Net income from gaming activities	$0	$0
Net income from sales of inventory	$0	$0
Miscellaneous revenues	$0	$0
Total revenues	$45,211,834	$41,185,094	9.8%

Field	2019	2018	% Change
Grants to govts. and orgs. in USA	$0	$0
Grants to individuals in USA	$0	$0
Grants to govts., orgs., and individuals outside USA	$0	$0
Benefits paid to or for members	$0	$0
Compensation of current officers, etc.	$0	$0
Compensation not included above, to disqualified persons	$0	$0
Non-officer salaries and wages	$20,280,387	$18,196,629	11.5%
Pension/retirement accruals and contributions	$0	$0
Other employee benefits	$1,675,896	$1,911,552	-12.3%
Payroll taxes	$1,433,010	$1,328,091	7.9%
Management fees	$0	$0
Legal fees	$165,674	$330,716	-49.9%
Accounting fees	$267,469	$294,390	-9.1%
Lobbying fees	$0	$0
Pro. fundraising fees	$0	$0
Investment mgmt fees	$51,558	$52,895	-2.5%
Other fee-for-service	$3,023,253	$3,578,042	-15.5%
Advertising and promotion	$116	$0	999%
Office expenses	$80,261	$0	999%
Information tech. expenses	$388,086	$0	999%
Royalty expenses	$0	$0
Occupancy	$1,398,123	$0	999%
Travel	$29,641	$39,639	-25.2%
Public official travel and entertainment	$0	$0
Conferences, meetings, etc.	$10,573	$0	999%
Interest	$5,027,506	$4,200,086	19.7%
Payments to affiliates	$211,955	$49,894	324.8%
Depreciation, amortization, etc.	$2,711,734	$2,031,205	33.5%
Insurance	$672,629	$0	999%
All other expenses	$8,060,850	$10,549,209	-23.6%
Total expenses	$45,488,721	$42,562,348	6.9%

Field	2019	2018	% Change
Cash (non-interest-bearing)	$3,081,767	$2,780,196	10.8%
Savings, short-term investments, etc.	$58,764	$56,373	4.2%
Pledges and grants receivable	$0	$0
Accounts receivable	$4,205,058	$3,276,592	28.3%
Loans receivable from officers, directors, etc.	$0	$0
Loans receivable from other disqualified persons	$0	$0
Notes and loans receivable	$0	$0
Inventories for use	$59,030	$64,487	-8.5%
Prepaid expenses and deferred charges	$5,299,729	$6,624,014	-20.0%
Buildings, equipment, etc. post-depreciation	$73,158,771	$75,243,952	-2.8%
Investments, publicly traded securities	$15,834,300	$15,311,965	3.4%
Investments, other securities	$0	$0
Investments, program-related	$6,224,281	$6,143,386	1.3%
Intangible assets	$0	$0
Other assets	$5,407,136	$3,961,074	36.5%
Total assets	$113,328,836	$113,462,039	-0.1%

Field	2019	2018	% Change
Accounts payable and accrued expenses	$5,079,061	$4,455,632	14.0%
Grants payable	$0	$0
Deferred revenue	$298,639	$470,914	-36.6%
Tax-exempt bond liabilities	$85,235,000	$85,235,000
Escrow or custodial account liability	$0	$0
Loans payable to officers and disqualified persons	$0	$0
Secured mortgages and notes payable to unrelated third parties	$609,847	$1,233,742	-50.6%
Unsecured notes and loans payable to unrelated third parties	$0	$0
Other liabilities	$320,200	$584,926	-45.3%
Total liabilities	$91,542,747	$91,980,214	-0.5%

Field	2019	2018	% Change
Unrestricted net assets	$15,231,208	$15,066,036	1.1%
Temporarily restricted net assets	$6,554,881	$6,354,207	3.2%
Permanently restricted net assets		$61,582	5.4%

Vendors for Methodist Homes Corporation

Vendor	Services	Amount paid	Date
Cooke Cameron Travis and Company PC	Tax accounting; Audit accounting		2020-01-27
█████████	Content management system software		2019-10-22
█████ ███████ ██████ ███ ███████ █████ ███████ ██████ ███ ███████	Auditing	$267,469	2019-06-01
█████ █ ███████ █████ █ ███████	Salon	$183,687	2019-06-01
████████████ ████ █████████ ███████	Insurance		2016-12-31
████ ███ ███████ █████████ █████████	Insurance agent or broker	$1,164	2016-12-31
████████ █████████ █████ ███	Insurance agent or broker	$312	2016-12-31

Personnel at Methodist Homes Corporation

Name	Title	Compensation	Most recent data
Christopher W. Tomlin	President and Chief Executive Officer	-	June 29, 2020
Michael D. Giles	Senior Vice President , Chief Operating Officer and General Counsel	-	June 29, 2020
██████ ██████	Chief Financial Officer / Director of Public Relations	-	June 29, 2020
███████ █████ █████	Chief Financial Officer	$187,954	May 14, 2019
██████ ██ ██████	Vice President , Director of Information Technology	$98,503	June 29, 2020
██████ ██████	Director of Public Relations	-	June 29, 2020
█████ ██ ███████	Vice President , Director of Human Resources	$129,340	June 29, 2020
█████ ████ ██	Director of Nursing	-	June 29, 2020
███████ █████	Director	-	June 29, 2020
██████ ██ ███ ███████	Director Lea Began Working with Methodist Homes	-	June 29, 2020
...and four more key personnel

Peer nursing and convalescent homes

	Name	Type	Revenue	Location
1	Wesley Gardens Corporation	501(c)(3)	$13 million	Rochester, NY
2	Chateau de Notre Dame	501(c)(3)	$48 million	New Orleans, LA
3	Chelsea Jewish Foundation	501(c)(3)	$13 million	Chelsea, MA
4	Edgar P Benjamin Healthcare Center	501(c)(3)	$11 million	Roxbury, MA
5	B'nai B'rith Home and Hospital for Aged	501(c)(3)	$26 million	Cordova, TN
6	Kin On	501(c)(3)	$13 million	Seattle, WA
7	Caroline Kline Galland Home	501(c)(3)	$42 million	Seattle, WA
8	Rha Pennsylvania Nursing Homes	501(c)(3)	$11 million	West Chester, PA
9	Maine Veterans' Homes (MVH)	501(c)(3)	$101 million	Augusta, ME
10	Williamstown Commons Nursing and Rehabilitation Center	501(c)(3)	$14 million	Pittsfield, MA
11	Copper Ridge	501(c)(3)	$14 million	Eldersburg, MD
12	Arrowhead Senior Living Community	501(c)(3)	$12 million	Cambridge, MN
13	Trump Pavilion	501(c)(3)	$32 million	Jamaica, NY
14	United Hebrew (UHGC)	501(c)(3)	$46 million	New Rochelle, NY
15	The Heritage	501(c)(3)	$11 million	Rochester, NY
16	Jewish Home of Greater Harrisburg	501(c)(3)	$16 million	Harrisburg, PA
17	Wellspring Lutheran Services / Lutheran Homes of Michigan Inc	501(c)(3)	$48 million	Flint, MI
18	Stoddard Baptist Home	501(c)(3)	$18 million	Washington, DC
19	Jeffrey and Susan Brudnick Center for Living	501(c)(3)	$19 million	Peabody, MA
20	Family Health and Housing Foundation	501(c)(3)	$25 million	Encino, CA
21	Bethel Lutheran Nursing and Rehabilitation Center	501(c)(3)	$15 million	Williston, ND
22	St Catherine Laboure Manor	501(c)(3)	$15 million	St Louis, MO
23	St Mary's D'youville Pavilion	501(c)(3)	$25 million	Lewiston, ME
24	CommCare Corporation	501(c)(3)	$98 million	Mandeville, LA
25	Saint Joseph Villa	501(c)(3)	$27 million	Flourtown, PA

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Cause IQ organization profile

Methodist Homes Corporation

Program areas at Methodist Homes Corporation

Form 990s for Methodist Homes Corporation

Financials for Methodist Homes Corporation

Vendors for Methodist Homes Corporation

Personnel at Methodist Homes Corporation

Peer nursing and convalescent homes

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