Overview

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Est.

1994

Latest Fiscal Year

Not available

Organization Type

Grantseeker

AI Summary

MRC CORNERSTONE is a nonprofit organization dedicated to providing quality living for senior adults in a faith-based environment, focusing on retirement housing. With an operating budget of $8.5 million and total revenue of $10.5 million for the filing year 2015, it receives significant support from the UNITED METHODIST SENIOR SERVICES FOUNDATION, which contributed $12.4 million.

Mission Statement

THE ORGANIZATION IS COMMITTED TO QUALITY LIVING FOR SENIOR ADULTS IN A FAITH-BASED ENVIRONMENT.
Revenues
$10.5M
Expenses
$8.5M
Net Income:
+$2M
Assets
$7.2M
Liabilities
$15.5M
Net Assets:
-$8.3M
Operating Budget
$8.5M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
1
Median grant size
$492.3K
Largest grant received
$492.3K
M
MR Ronald E Jennette
Board Member
M
MRS Betty G Bunch
Board Member
M
MR Robert E Sheppard
Board Member

Frequently Asked Questions

What is MRC CORNERSTONE’s budget?
In 2015, MRC CORNERSTONE reported an annual operating budget of around $8.5 million. More detailed financial information is available to registered users.
What causes does MRC CORNERSTONE support?
MRC CORNERSTONE supports work in Retirement housing.
Where does MRC CORNERSTONE operate?
MRC CORNERSTONE is headquartered in THE WOODLANDS, TX.
Who funded MRC CORNERSTONE recently?
In 2024, MRC CORNERSTONE received grants from UNITED METHODIST SENIOR SERVICES FOUNDATION, UNITED METHODIST SENIOR SERVICES FOUNDATION, and UNITED METHODIST SENIOR SERVICES FOUNDATION. More information on this organization’s funders is available to registered users.
What is the largest grant MRC CORNERSTONE received in 2024?
The largest grant to MRC CORNERSTONE in 2024 exceeds $492 thousand.