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ALDERSGATE TRUST

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Public IRS 990 nonprofit record

ALDERSGATE TRUST

EIN 76-6176219 · Senior Citizens Housing & Retirement Communities (L22)

What they do

THE ORGANIZATION OWNS THE PROPERTY and REAL ESTATE for METHODIST RETIREMENT COMMUNITIES and ITS AFFILIATES, AN ORGANIZATION COMMITTED to QUALITY LIVING for SENIOR ADULTS IN FAITH-BASED ENVIRONMENTS. THE COVENANT CONNECTION WITH THE TEXAS ANNUAL CONFERENCE of UNITED METHODISTS LINKS THE ORGANIZATION to ITS HERITAGE and ORIGIN, THOUGH THE ENTIRE SYSTEM OPENLY ACCEPTS PERSONS of ALL FAITHS and BELIEFS; WITH NO DISCRIMINATION TOWARD RESIDENTS, STAFF, BOARD MEMBERS, VOLUNTEERS, DONORS, VENDORS, ETC. THE ORGANIZATION ENCOURAGES DONATIONS to OUR FOUNDATION to HELP OUR AFFILIATES ASSIST and RETAIN RESIDENTS WHO OUTLIVE THEIR RESOURCES IN RUNNING LOW ON FUNDS or EVENTUALLY EVEN OUT of MONEY THROUGH NO FAULT of THEIR OWN. THE PROPERTY and REAL ESTATE is USED BY THE AFFILIATES to PROVIDE SERVICES, PROGRAMS, ACTIVITIES, CARE and HOUSING to SENIORS IN INDEPENDENT/RESIDENTIAL APARTMENTS, ASSISTED LIVING APARTMENTS, SPECIALTY MEMORY SUPPORT SUITES for THOSE WITH ALZHEIMERS and OTHER DEMENTIAS.

Before you give

Should I give to this charity?

Easy charity check
Look at where the money went

Of every $100 spent, about $100.00 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2016The report may be old. Ask for a newer one.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders13 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

121,165.84%of revenue went to mission work100.0% of expenses · Program services
$121,165.84spent for every $100 of revenueSpending was higher than revenue this year.
$16.34in assets for every $1 spent this yearSome assets cannot be spent right away.

Ask these three easy questions

  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $5,593,242 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $28,785 for MR DON STEPHENS (CFO/ASSISTANT TREASURER). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2016

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$4,620
Mission workProgram services$5,597,862121,165.84% of revenue100.0% of expenses
ManagementOffice and general costs0.00% of revenue0.0% of expenses
FundraisingAsking for donations0.00% of revenue0.0% of expenses
Total expenses$5,597,862121,165.84% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Money in and money out

Revenue$4,620
Expenses$5,597,862
Annual shortfall $5,593,242 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$5,597,862 · 100.0% of expenses
See all reported dollar amounts
Revenue$4,620
Expenses$5,597,862
Assets$91,473,964
Income$4,620
Mission work (program services)$5,597,862
Accounting fees$6,169
People

Leadership and board

Tax year 2016

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation
MR DON STEPHENSCFO/ASSISTANT TREASURER · 1 hrs/week $28,785Base · Other $28,785
MR HAROLD ERMSHAREXECUTIVE DIRECTOR $27,141Base · Other $27,141
MS AMY THOMASEXECUTIVE DIRECTOR $26,517Base · Other $26,517
MRS ALYSSA ADAMVP MARKETING $20,960Base · Other $20,960
MRS RENEE MENACONTROLLER $20,915Base · Other $20,915
MR CHARLES CHILDRESSCOO $12,264Base · Other $12,264
MR MATTHEW CURRIEVP/EXECUTIVE DIRECTOR $8,652Base · Other $8,652
MRS CYNTHIA CASTILLOASSISTANT SECRETARY · 1 hrs/week $5,562Base · Other $5,562

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (13)

MR DON STEPHENSCFO/ASSISTANT TREASURER

MR HAROLD ERMSHAREXECUTIVE DIRECTOR

MS AMY THOMASEXECUTIVE DIRECTOR

MRS ALYSSA ADAMVP MARKETING

MRS RENEE MENACONTROLLER

MR CHARLES CHILDRESSCOO

MR MATTHEW CURRIEVP/EXECUTIVE DIRECTOR

MRS CYNTHIA CASTILLOASSISTANT SECRETARY

REV JACK A WOMACKCHAIR

MR DONALD MORRISSDIRECTOR

MR WAYNE HAGLUNDDIRECTOR

MRS LISA MCNAIRDIRECTOR

REV BT WILLIAMSONDIRECTOR

About this charity

Recognized since
January 2016
Location
1440 LAKE FRONT CIR STE 140, SPRING, TX 77380-3607
County
Montgomery
In care of
DON STEPHENS

How to reach them

Filing and classification

Latest tax year
2016
Tax period began
January 1, 2016
Tax preparer
CLIFTONLARSONALLEN LLP
NTEE classification
Senior Citizens Housing & Retirement Communities (L22)
IRS tax category
Senior Citizens Housing & Retirement Communities

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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