BBB Accredited Business Profile

The Craig

The Craig

(806) 352-7244

The Craig

21 years in business

5500 SW 9th
Amarillo, TX 79106

BBB File Opened: 9/05/2002
Business Started: 2/01/1995
Business Started Locally: 2/01/1995
Type of Entity
Limited Liability Corporation
Contact Information
  • Chris Coats, CEO
  • Leah West, Executive Director
  • Linda Palmer, Marketing
Business Category
  • Retirement & Life Care Communities & Homes
Additional Information
  • Sears Methodist Retirement System, Inc. has locations in Abilene, Amarillo, Lubbock, Odessa, Tyler, and Waco. They also operate Texas State Veterans Homes located in Big Spring, El Paso and McAllen. They also have Collaborative Adventures known as Senior Safe @ Home, LLC, Caring Communities Insurance Company, and Caring Communities Enterprises, Inc.
  • The organization's primary fund raising requests are by direct mail appeals, invitations to fund raising events, grant proposals, and planned giving.
  • The financial report for the year ending December 31, 2006 is as follows: Unrestricted net assests: Operating revenue: Resident charges, net of contractuals $54,880,480 Other revenue 18,517,180 --------- Total operating revenue 73,397,660 ------------- Operating expenses: Nursing services $ 26,411,714 Specialty services 468,490 Consultant services 621,739 Activity services 805,564 Environmental services & util. 8,382,456 Dietary services 8,382,456 Depreciation & amorit. 4,776,195 Gen. & admin. expenses 9,929,666 Development 1,003 Employee benefits & insurance 8,137,613 Pharmacy services 3,055,884 Marketing & admissions 991,732 Risk Management & training 1,005,023 Social services 444,124 ------------- Total Operating Expenses 71,482,675 -------------- Excess of operating revenue 1,914,985 ------------- Other Revenue and Expenses Contributions 2,463,832 Interest income 1,255,929 Realized and unrealized gain 541,526 Grant revenue 80,000 Other revenue 276,598 Net assets released 696,310 Interest expense (7,843,661) ----------- Total other revenue & expense (2,529,736) ------------ Decrease in unrestricted assets (614,751) Temporarily restricted net assets: Contributions 543,060 Interest income 65,291 Distribution to beneficiaries (18,099) Net assets released (696,310) ---------- (Decrease) in temporarily restricted net assets (106,058) ---------- Permanently restricted net assets: Contributions 5,094 ------------ Increase in permanently restricted net assets: 5,094 ---------- Change in net assets before taxes (715,715) Federal income tax benefit 286,427 ---------- Change in net assets (429,288) Net assets beginning of year 8,132,621 ------------- Net assets end of year 7,703,333 ===============
  • The organization's purpose is to provide housing, nursing, and related services to the elderly.

Alternate Business Names
  • EROPCO Craig LLC



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The Craig

The Craig


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