Memorial Hermann Continuing Care Corporation in Houston, Texas (TX)

Memorial Hermann Continuing Care Corporation
Employer Identification Number (EIN)	760030247
Name of Organization	Memorial Hermann Continuing Care Corporation
Address	9301 Southwest Fwy Ste 600, Houston, TX 77074-1435
Activities	Gifts, grants, or loans to other organizations
Subsection	Charitable Organization
Ruling Date	09/1983
Deductibility	Contributions are deductible
Foundation	Organization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes
Organization	Corporation
Exempt Organization Status	Unconditional Exemption
Tax Period	06/2007
Assets	$50,000,000 to greater
Income	$50,000,000 to greater
Filing Requirement	990 (all other) or 990EZ return
Asset Amount	$68,027,725
Amount of Income	$102,693,823
Form 990 Revenue Amount	$98,052,255
National Taxonomy of Exempt Entities (NTEE)	Human Services - Multipurpose and Other: Senior Continuing Care Communities

Non-representatives - add comments:

Amount of income in 2007: $102,693,823

Memorial Hermann Continuing Care Corporation:	$102,693,823
Other organizations performing similar types of work:	$551,043

Assets in 2007: $68,027,725

This organization:	$68,027,725
Other organizations performing similar types of work:	$1,169,520

Expenses in 2006: $71,252,418

Memorial Hermann Continuing Care Corporation:	$71,252,418
Other organizations performing similar types of work:	$625,210

Income to expenses ratio in 2006: 1.4

Memorial Hermann Continuing Care Corporation:	1.4
Other organizations performing similar types of work:	1.1

Expenses allocated to program services in 2006: 96.6%

Memorial Hermann Continuing Care Corporation:	96.6%
Other organizations performing similar types of work:	85.0%

Number of employees in 2006: 572

This organization:	572
Other organizations performing similar types of work:	9

Employees paid over $50,000 in 2006: 0.0%

Memorial Hermann Continuing Care Corporation:	0.0%
Other organizations performing similar types of work:	7.3%

Grants share in income in 2006: 0.0%

This organization:	0.0%
Other organizations performing similar types of work:	0.3%

Financial snapshot ($)

Revenue for 2006

Assets at end of 2006

Expenses for 2006

Functional Expenses for 2006 ($)

Income-Producing Activities for 2006

	2006
Revenue, Expenses, and Changes in Net Assets or Fund Balances
Total revenue	$98,052,255
Contributions, gifts, grants, and similar amounts received	$0
Contributions to donor advised funds	$0
Direct public support	$0
Indirect public support	$0
Government contributions (grants)	$0
Program service revenue including government fees and contracts	$70,666,916
Membership dues and assessments	$0
Interest on savings and temporary cash investments	$0
Dividends and interest from securities	$386,317
Net rental income or (loss)	$0
Gross rents	$0
Less: rental expenses	$0
Other investment income	$0
Gain or (loss) from sales of assets other than inventory	$26,999,022
Gross amount from sales of assets other than inventory	$31,640,590
Less: cost or other basis and sales expenses	$4,641,568
Net income or (loss) from special events and activities	$0
Gross revenue	$0
Less: direct expenses other than fundraising expenses	$0
Gross profit or (loss) from sales of inventory	$0
Gross sales of inventory, less returns and allowances	$0
Less: cost of goods sold	$0
Other revenue	$0
Total expenses	$71,252,418
Program services	$68,820,892
Management and general	$2,431,526
Fundraising	$0
Payments to affiliates	$0
Net assets or fund balances at end of year	$14,919,858
Excess or (deficit) for the year	$26,799,837
Net assets or fund balances at beginning of year	$-12,340,909
Other changes in net assets or fund balances	$460,930

	Total	Program services	Management and general	Fundraising
Statement of Functional Expenses (for 2006)
Total functional expenses	$71,252,418	$68,820,892	$2,431,526	$0
Grants paid from donor advised funds		$0
Other grants and allocations		$0
Specific assistance to individuals		$0
Benefits paid to or for members		$0
Compensation of current officers, directors, key employees, etc.	$0	$0	$0	$0
Compensation of former officers, directors, key employees, etc.	$0	$0	$0	$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)	$0	$0	$0	$0
Salaries and wages of employees not included above	$30,806,120	$29,806,757	$999,363	$0
Pension plan contributions not included above	$1,599,995	$1,563,684	$36,311	$0
Employee benefits not included above	$3,239,941	$3,168,556	$71,385	$0
Payroll taxes	$1,902,584	$1,857,117	$45,467	$0
Professional fundraising fees	$0	$0	$0	$0
Accounting fees	$0	$0	$0	$0
Legal fees	$0	$0	$0	$0
Supplies	$9,565,196	$9,507,085	$58,111	$0
Telephone	$267,903	$168,321	$99,582	$0
Postage and shipping	$98,950	$89,079	$9,871	$0
Occupancy	$4,243,205	$4,182,116	$61,089	$0
Equipment rental and maintenance	$1,738,716	$1,640,382	$98,334	$0
Printing and publications	$68,336	$35,711	$32,625	$0
Travel	$0	$0	$0	$0
Conferences, conventions, and meetings	$120,262	$91,763	$28,499	$0
Interest	$770,111	$767,339	$2,772	$0
Depreciation, depletion, etc.	$4,963,459	$4,864,893	$98,566	$0
Other expenses not covered above	$11,867,640	$11,078,089	$789,551	$0

	2006
Balance Sheets
Total assets	$68,027,725
Cash - non-interest-bearing	$1,140,542
Savings and temporary cash investments	$6,273
Accounts receivable less allowance for doubtful accounts	$9,121,750
Pledges receivable less allowance for doubtful accounts	$0
Grants receivable	$0
Receivables from current and former officers, directors, trustees, and key employees	$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)	$0
Other notes and loans receivable less allowance for doubtful accounts	$0
Inventories for sale or use	$0
Prepaid expenses and deferred charges	$0
Investments - publicly-traded securities	$10,772,414
Investments - other securities	$0
Investments - land, buildings, and equipment less accumulated depreciation	$0
Investments - other	$0
Land, buildings, and equipment less accumulated depreciation	$17,182,208
Other assets, including program-related investments	$29,804,538
Total liabilities	$53,107,867
Accounts payable and accrued expenses	$10,068,687
Grants payable	$0
Deferred revenue	$0
Loans from officers, directors, trustees, and key employees	$0
Tax-exempt bond liabilities	$0
Mortgages and other notes payable	$30,449,485
Other liabilities	$12,589,695
Total liabilities and net assets/fund balances	$68,027,725
Total net assets or fund balances	$14,919,858

	2006
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
Total revenue	$0
Total revenue, gains, and other support per audited financial statements	$0
Other expenses	$0
Net unrealized gains on investments	$0
Donated services and use of facilities	$0
Recoveries of prior year grants	$0
Other	$0
Other revenue	$0
Investment expenses	$0
Other	$0

	2006
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
Total expenses	$0
Total expenses and losses per audited financial statements	$0
Other revenue	$0
Donated services and use of facilities	$0
Prior year adjustments	$0
Losses	$0
Other	$0
Other expenses	$0
Investment expenses	$0
Other	$0

Current Officers, Directors, Trustees, and Key Employees

Total number of officers, directors, and trustees permitted to vote on organization business at board meetings	7
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?	No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?	Yes
Does the organization have a written conflict of interest policy?	Yes

Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?	No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?	No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?	Yes
Direct and indirect political expenditures	$0
Did the organization file Form 1120-POL for this year?	No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members	$0
Section 162(e) lobbying and political expenditures	$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices	$0
Taxable amount of lobbying and political expenditures	$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions	$0
Gross receipts for public use of club facilities	$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?	No
Amount of tax imposed on the organization during the year under: section 4911	$0
Amount of tax imposed on the organization during the year under: section 4912	$0
Amount of tax imposed on the organization during the year under: section 4955	$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?	No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958	$0
Amount of tax above, reimbursed by the organization	$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?	No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?	No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?	No
Number of employees employed in the pay period that includes March 12, 2006	572

	Unrelated business income		Excluded by section 512, 513, or 514		Related or exempt function income
Analysis of Income-Producing Activities (for 2006)
	Business code	Amount	Exclusion code	Amount	Related or exempt function income
Total		$0		$386,317	$97,665,938
Program service revenue
Program service revenue 1	000000	$0	00	$0	$70,666,916
Program service revenue 2	000000	$0	00	$0	$0
Program service revenue 3	000000	$0	00	$0	$0
Program service revenue 4	000000	$0	00	$0	$0
Program service revenue 5	000000	$0	00	$0	$0
Medicare/Medicaid payments	000000	$0	00	$0	$0
Fees and contracts from government agencies	000000	$0	00	$0	$0
Membership dues and assessments	000000	$0	00	$0	$0
Interest on savings and temporary cash investments	000000	$0	00	$0	$0
Dividends and interest from securities	000000	$0	Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)	$386,317	$0
Net rental income or (loss) from real estate
debt-financed property	000000	$0	00	$0	$0
not debt-financed property	000000	$0	00	$0	$0
Net rental income or (loss) from personal property	000000	$0	00	$0	$0
Other investment income	000000	$0	00	$0	$0
Gain or (loss) from sales of assets other than inventory	000000	$0	00	$0	$26,999,022
Net income or (loss) from special events	000000	$0	00	$0	$0
Gross profit or (loss) from sales of inventory	000000	$0	00	$0	$0
Other revenue	000000	$0	00	$0	$0

EIN of corporation, partnership, or disregarded entity	Percentage of ownership interest	Total income	End-of-year assets
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2006)
000000000	0%	$0	$0
000000000	0%	$0	$0
000000000	0%	$0	$0
000000000	0%	$0	$0

Compensation	Contributions to employee benefit plans & deferred compensation	Expense account and other allowances
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2006)
$0	$0	$0
$0	$0	$0
$0	$0	$0
$0	$0	$0
$0	$0	$0

Total number of other employees paid over $50,000	0

Total number of other employees paid over $50,000

Statements About Activities (for 2006)
Expenses paid or incurred in connection with the lobbying activities	$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?	No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?	No
Did the organization maintain any donor advised funds?	No
Did the organization make any taxable distributions under section 4966?	No
Did the organization make a distribution to a donor, donor advisor, or related person?	No
The total number of donor advised funds owned at the end of the tax year	$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year	$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts	$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year	$0

Reason for Non-Private Foundation Status
The organization is not a private foundation because it is	Hospital, or a cooperative hospital service organization

	2005
Support Schedule
Total	$0
Gifts, grants, and contributions received	$0
Membership fees received	$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose	$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975	$0
Net income from unrelated business activities not included above	$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf	$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge	$0
Other income	$0

Lobbying Expenditures by Electing Public Charities (for 2006)
Total exempt purpose expenditures	$0
Total lobbying expenditures	$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)	$0
Total lobbying expenditures to influence a legislative body (direct lobbying)	$0
Other exempt purpose expenditures	$0
Lobbying nontaxable amount	$0
Grassroots nontaxable amount	$0

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Id	Name	Address	State	Established	Total Income
Organizations performing similar types of work
1	Wind Crest Inc	701 Maiden Choice Ln, Baltimore, MD 21228-5968	MD	2007-09	$30,255,524
2	Corinthian Pointe Senior Living Corporation	11200 Westheimer Suite 900, Houston, TX 77042	TX	2008-02	$3,327,885
3	Senior Quality Lifestyles Corporation	12720 Hillcrest Rd Ste 106, Dallas, TX 75230-7121	TX	2003-12	$1,821,468
4	Corinthian Pointe Senior Living Corporation	6105 W Orem Drive, Houston, TX 77085-1281	TX	2008-02	$1,094,977
5	Jefferson County Adult Day Center Incorporated	PO BOX 1211, Port Arthur, TX 77641-1211	TX	2010-10	$460,335
6	Stamford Assisted Living Inc	108 S Swenson, Stamford, TX 79553	TX	2003-05	$407,074
7	Almor Enterprises Extended Services Inc, Kei Bobb Childcare Center	9347 Royal Way, Houston, TX 77083-6288	TX	2008-10	$110,711
8	Rosie Lee Giles Memorial Foundation	15827 Ridgerock Rd, Missouri City, TX 77489-3405	TX	2003-06	$77,674
9	Nueces County Senior Citizens Inc	1314 7th St, Crp Christi, TX 78404-2034	TX	2015-03	$51,952
10	Grant An Elderly Wish National Foundation	8614 Crownhill Blvd, San Antonio, TX 78209	TX	2012-09	$6,020
11	Alief Superneighborhood Council 25	Po Box 1098, Houston, TX 77072	TX	2006-03	$100
12	Improved Living Foundation Inc	5739 Timbers Trail Dr, Humble, TX 77346-1976	TX	2001-04	$1
13	Berean Villas	13430 Park Ave, Conroe, TX 77384-3217	TX	2010-07	$0
14	Charlottes Haven Care Center For The Elderly	9212 Burdine 1024, Houston, TX 77096	TX	2001-09	$0
15	Comanche County Assisted Living Inc	PO BOX 159, Comanche, TX 76442-0159	TX	2005-12	$0
16	Elmcreek Alternative Care	1865 Jeanette St, Abilene, TX 79602-4646	TX	2006-03	$0
17	Emmanuel Group Home For The Elderly	866 County Road 337, Deberry, TX 75639-2452	TX	2006-05	$0
18	Endings Are Beginnings Inc	9802 Willmont, La Porte, TX 77571	TX	2013-01	$0
19	Hardeman Health Services	PO BOX 568, Quanah, TX 79252-0568	TX	2008-12	$0
20	Healing H A D C Inc	2108 Twin Oaks Blvd, Kemah, TX 77565-2151	TX	2014-09	$0

Number of organizations performing similar types of work

Alaska	2
Alabama	13
Arkansas	6
Arizona	13
California	66
Colorado	16
Connecticut	8
District of Columbia	3
Florida	43
Georgia	39
Hawaii	5
Iowa	10
Idaho	1
Illinois	27
Indiana	9
Kansas	8
Kentucky	8
Louisiana	6
Massachusetts	21
Maryland	37
Maine	4
Michigan	34
Minnesota	24
Missouri	20
Mississippi	6
Montana	4

North Carolina	22
North Dakota	2
Nebraska	3
New Hampshire	5
New Jersey	13
New Mexico	2
Nevada	7
New York	47
Ohio	33
Oklahoma	8
Oregon	11
Pennsylvania	27
Rhode Island	2
South Carolina	12
South Dakota	4
Tennessee	18
Texas	56
Utah	2
Virginia	18
Vermont	1
Washington	10
Wisconsin	16
West Virginia	3
Wyoming	2
International	5

Total

762

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