MERCY RIDGE INC: Form 990, tax year 2018
View the entire original 990 at ProPublica ↗
- Organization
- MERCY RIDGE INC (EIN 52-2097927)
- Tax period
- 2018-07-01 to 2019-06-30
- Filed
- 2020-07-01
- IRS object ID
- 202011839349301861
- Schema version
- 2018v3.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2020-07-01T13:39:51-05:00 | ReturnTs |
| Tax Period End | 2019-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 560747981 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DIXON HUGHES GOODMAN LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1410 SPRING HILL ROAD 5TH FLOOR | AddressLine1Txt |
| City | TYSONS | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 22102 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2018-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 522097927 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MERCY RIDGE INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | MERC | BusinessNameControlTxt |
| Phone | 4105610200 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2525 POT SPRING ROAD | AddressLine1Txt |
| City | TIMONIUM | CityNm |
| State Abbreviation | MD | StateAbbreviationCd |
| ZIP | 21093 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ROBERT KIGER | PersonNm |
| Person Title | DIRECTOR OF FINANCE | PersonTitleTxt |
| Phone | 4105610200 | PhoneNum |
| Signature | 2020-04-09 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | LINDSEY KHOKHAR | PreparerPersonNm |
| PTIN | P01755218 | PTIN |
| Phone | 7039700400 | PhoneNum |
| Preparation | 2020-04-09 | PreparationDt |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 96.255.208.156 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2020-04-09 | IPDt |
| IP Tm | 14:33:13 | IPTm |
| IP Timezone | ED | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 839A658C77C9BD915FB92B1F12127266767FB63C | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2018 | TaxYr |
| Build TS | 2020-11-06 18:47:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | THOMAS CLEMENTS | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2525 POT SPRING ROAD | AddressLine1Txt |
| City | TIMONIUM | CityNm |
| State Abbreviation | MD | StateAbbreviationCd |
| ZIP | 21093 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $22,949,293 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.MERCYRIDGE.COM | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1997 | FormationYr |
| Legal Domicile State | MD | LegalDomicileStateCd |
| Activity Or Mission | MERCY RIDGE IS A CONTINUING CARE RETIREMENT FACILITY THAT PROVIDES 408 LIVING APARTMENTS, 35 ASSISTED LIVING UNITS AND 12 DEMENTIA UNITS. | ActivityOrMissionDesc |
| Voting Members Governing Body | 10 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 10 | VotingMembersIndependentCnt |
| Total Employee | 252 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $20,790,089 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $21,144,072 | CYProgramServiceRevenueAmt |
| PY Investment Income | $1,060,868 | PYInvestmentIncomeAmt |
| CY Investment Income | $1,417,324 | CYInvestmentIncomeAmt |
| PY Other Revenue | $350,486 | PYOtherRevenueAmt |
| CY Other Revenue | $360,083 | CYOtherRevenueAmt |
| PY Total Revenue | $22,201,443 | PYTotalRevenueAmt |
| CY Total Revenue | $22,921,479 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $6,806,419 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $8,086,933 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $14,193,617 | PYOtherExpensesAmt |
| CY Other Expenses | $13,452,784 | CYOtherExpensesAmt |
| PY Total Expenses | $21,000,036 | PYTotalExpensesAmt |
| CY Total Expenses | $21,539,717 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $1,201,407 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $1,381,762 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $137,237,205 | TotalAssetsBOYAmt |
| Total Assets EOY | $139,592,479 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $153,143,403 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $153,910,975 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | -$15,906,198 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | -$14,318,496 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | MERCY RIDGE IS A CONTINUING CARE RETIREMENT FACILITY THAT PROVIDES 408 LIVING APARTMENTS, 35 ASSISTED LIVING UNITS AND 12 DEMENTIA UNITS. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $15,114,809 | ExpenseAmt |
| Revenue | $21,504,155 | RevenueAmt |
| Desc | MERCY RIDGE IS A CONTINUING CARE RETIREMENT COMMUNITY THAT ENABLES ITS RESIDENTS TO ENJOY A DIGNIFIED AND FULFILLING LIFESTYLE BY PROVIDING HOUSING AND PERSONAL SERVICE. MERCY RIDGE IS DEDICATED TO SUPPORTING THE INDEPENDENCE OF ITS RESIDENTS AND HELPING THEM TO ACHIEVE THEIR CULTURAL, INTELLECTUAL AND SPIRITUAL ASPIRATIONS. WHEN NEEDED, MERCY RIDGE PROVIDES SKILLED, COMPASSIONATE CARE AND ASSISTED LIVING OPTIONS. MERCY RIDGE CREATES A WHOLESOME AND SOCIALLY STIMULATING ENVIRONMENT IN A DIVERSE COMMUNITY AND WELCOMES PERSONS OF ALL FAITHS AND EVERY BACKGROUND. MERCY RIDGE HAS 408 INDEPENDENT LIVING UNITS. MERCY RIDGE'S ASSISTED LIVING FACILITY HAS 47 UNITS OFFERING FOUR LEVELS OF SERVICE. THE TOTAL NUMBER OF RESIDENTS WAS 526 FOR THE YEAR. MERCY RIDGE HAS 96.9% AND 95.0% OCCUPANCY IN INDEPENDENT LIVING AND ASSISTED LIVING RESPECTIVELY. MERCY RIDGE IS 100.0% RESERVED AND HAS 227 POTENTIAL RESIDENTS ON ITS WAITLIST. | Desc |
| Total Program Service Expenses | $15,114,809 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | 0 | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | 0 | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (1) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (1) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBondsInd |
| Escrow Account | 0 | EscrowAccountInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | 0 | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 0 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 252 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 10 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 10 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | Yes (1) | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (1) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | 0 | CompensationProcessCEOInd |
| Compensation Process Other | 0 | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | MD | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ROBERT KIGER | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 4105610200 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2525 POT SPRING ROAD | AddressLine1Txt |
| City | TIMONIUM | CityNm |
| State Abbreviation | MD | StateAbbreviationCd |
| ZIP | 21093 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| No Listed Persons Compensated | Yes (X) | NoListedPersonsCompensatedInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (16 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|
| SR HELEN AMOS RSM | |||||||
| CHAIRPERSON | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| REV MSGR RICHARD W WOY | |||||||
| VICE CHAIRPERSON | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| JOHN E TOPPER | |||||||
| TREASURER | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| THOMAS R MULLEN | |||||||
| SECRETARY | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| FAITH GILROY | |||||||
| RESIDENT MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| CECILIA CYMEK | |||||||
| RESIDENT MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| MICHAEL J BATZA JR | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| REV MSGR PAUL G COOK | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| LEONARD A STROM | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| WILLIAM BAIRD THROUGH JAN 2019 | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| JOHN MATERA STARTED JAN 2019 | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| THOMAS CLEMENTS | |||||||
| EXECUTIVE DIRECTOR | 40.00 | Yes (X) | $0 | $0 | $0 | ||
| PATTY YINGLING | |||||||
| DIRECTOR OF MARKETING | 40.00 | $149,714 | $0 | $0 | Yes (X) | ||
| MICHAEL FAULKNER | |||||||
| DIRECTOR OF DINING | 40.00 | $115,298 | $0 | $0 | Yes (X) | ||
| GARY PFIEFER | |||||||
| DIRECTOR OF FACILITIES | 40.00 | $109,848 | $0 | $0 | Yes (X) | ||
| CONSTANCE SMITH | |||||||
| DIRECTOR OF HEALTH & WELLNESS | 40.00 | $108,457 | $0 | $0 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $483,317 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $0 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 4 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | 0 | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | Yes (1) | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| US FOODS | |||||
| PO BOX 33101 | NEWARK | NJ | 07188 | FOOD SERVICE | $723,972 |
| RUFF ROOFERS | |||||
| 1420 KNECHT AVENUE | BALTIMORE | MD | 21227 | ROOFING SERVICE | $642,742 |
| SYSCO BALTIMORE | |||||
| 8000 DORSEY RUN ROAD | JESSUP | MD | 20794 | FOOD SERVICE | $510,638 |
| LCS MANAGEMENT LLC | |||||
| 400 LOCUST STREET | DES MOINES | IA | 50309 | MANAGEMENT SERVICE | $488,190 |
| BEL AIR CARPET | |||||
| 807 BELAIR ROAD | BEL AIR | MD | 21014 | CARPET & FLOORING SERVICE | $257,802 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 17 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | RESIDENT SERVICE FEES | Desc |
| Business | 623000 | BusinessCd |
| Total Revenue Column | $21,144,072 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $21,144,072 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $21,144,072 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,402,749 | TotalRevenueColumnAmt |
| Exclusion | $1,402,749 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $21,802 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $0 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $21,802 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $21,802 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $21,802 | RelatedOrExemptFuncIncomeAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -$14,575 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $14,575 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $14,575 | TotalRevenueColumnAmt |
| Exclusion | $14,575 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $56,121 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $42,389 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $13,732 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $13,732 | RelatedOrExemptFuncIncomeAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| MEALS | 722514 | $85,811 | $85,811 |
| GARAGE PARKING | 812930 | $74,961 | $74,961 |
| CATERING | 722320 | $61,739 | $61,739 |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $102,038 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $102,038 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $324,549 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $22,921,479 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $21,504,155 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $1,417,324 | ExclusionAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,496,906 | TotalAmt |
| Program Services | $4,328,048 | ProgramServicesAmt |
| Management And General | $2,168,858 | ManagementAndGeneralAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $86,157 | TotalAmt |
| Program Services | $57,381 | ProgramServicesAmt |
| Management And General | $28,776 | ManagementAndGeneralAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,033,401 | TotalAmt |
| Program Services | $688,245 | ProgramServicesAmt |
| Management And General | $345,156 | ManagementAndGeneralAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $470,469 | TotalAmt |
| Program Services | $313,332 | ProgramServicesAmt |
| Management And General | $157,137 | ManagementAndGeneralAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $597,963 | TotalAmt |
| Management And General | $597,963 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $108,488 | TotalAmt |
| Management And General | $108,488 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $185,568 | TotalAmt |
| Management And General | $185,568 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $271,732 | TotalAmt |
| Program Services | $260,459 | ProgramServicesAmt |
| Management And General | $11,273 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $43,532 | TotalAmt |
| Management And General | $43,532 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $820,966 | TotalAmt |
| Program Services | $696,179 | ProgramServicesAmt |
| Management And General | $124,787 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $34,695 | TotalAmt |
| Management And General | $34,695 | ManagementAndGeneralAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,570 | TotalAmt |
| Management And General | $7,570 | ManagementAndGeneralAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,357,912 | TotalAmt |
| Program Services | $1,151,509 | ProgramServicesAmt |
| Management And General | $206,403 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,038,175 | TotalAmt |
| Program Services | $3,424,372 | ProgramServicesAmt |
| Management And General | $613,803 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $415,430 | TotalAmt |
| Program Services | $352,285 | ProgramServicesAmt |
| Management And General | $63,145 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| FOOD & REFRESHMENTS | $2,124,217 | $2,124,217 | |
| PROPERTY TAXES | $869,966 | $869,966 | |
| SERVICE CONTRACTS | $549,464 | $465,945 | $83,519 |
| SUPPLIES | $426,569 | $363,647 | $62,922 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,600,537 | TotalAmt |
| Program Services | $889,190 | ProgramServicesAmt |
| Management And General | $711,347 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $21,539,717 | TotalAmt |
| Program Services | $15,114,809 | ProgramServicesAmt |
| Management And General | $6,424,908 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,705,599 | BOYAmt |
| EOY | $3,959,419 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $253,360 | BOYAmt |
| EOY | $445,354 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $77,343 | BOYAmt |
| EOY | $116,100 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $400,000 | BOYAmt |
| EOY | $556,300 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $46,191 | BOYAmt |
| EOY | $46,191 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $323,260 | BOYAmt |
| EOY | $226,376 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $124,260,187 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $52,704,788 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $72,690,918 | BOYAmt |
| EOY | $71,555,399 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $49,327,900 | BOYAmt |
| EOY | $52,677,346 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,412,634 | BOYAmt |
| EOY | $10,009,994 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $137,237,205 | BOYAmt |
| EOY | $139,592,479 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,498,285 | BOYAmt |
| EOY | $1,890,456 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $111,587,599 | BOYAmt |
| EOY | $113,269,873 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $38,598,893 | BOYAmt |
| EOY | $37,064,188 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,458,626 | BOYAmt |
| EOY | $1,686,458 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $153,143,403 | BOYAmt |
| EOY | $153,910,975 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -$15,906,198 | BOYAmt |
| EOY | -$14,318,496 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -$15,906,198 | BOYAmt |
| EOY | -$14,318,496 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $137,237,205 | BOYAmt |
| EOY | $139,592,479 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $1,381,762 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $1,128,188 | NetUnrlzdGainsLossesInvstAmt |
| Prior Period Adjustments | -$2 | PriorPeriodAdjustmentsAmt |
| Other Changes In Net Assets | -$922,246 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org509a2 | Yes (X) | PubliclySupportedOrg509a2Ind |
Gross Receipts Admissions GrossReceiptsAdmissionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $18,685,853 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $19,152,568 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $19,806,823 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $20,790,089 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $21,200,193 | CurrentTaxYearAmt |
| Total | $99,635,526 | TotalAmt |
Total509 Total509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $18,685,853 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $19,152,568 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $19,806,823 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $20,790,089 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $21,200,193 | CurrentTaxYearAmt |
| Total | $99,635,526 | TotalAmt |
Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Substantial Contributors Amt SubstantialContributorsAmtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Subst And Dsqlfy Prsns Tot SubstAndDsqlfyPrsnsTotGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | $99,635,526 | PublicSupportTotal509Amt |
Gross Investment Income509 GrossInvestmentIncome509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $931,540 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $1,011,232 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,013,713 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,109,436 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,424,551 | CurrentTaxYearAmt |
| Total | $5,490,472 | TotalAmt |
Investment Income And UBTI InvestmentIncomeAndUBTIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $931,540 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $1,011,232 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,013,713 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,109,436 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,424,551 | CurrentTaxYearAmt |
| Total | $5,490,472 | TotalAmt |
Other Income509 OtherIncome509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $348,565 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $337,616 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $330,074 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $318,096 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $324,549 | CurrentTaxYearAmt |
| Total | $1,658,900 | TotalAmt |
Total Support Calendar Year TotalSupportCalendarYearGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $19,965,958 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $20,501,416 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $21,150,610 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $22,217,621 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $22,949,293 | CurrentTaxYearAmt |
| Total | $106,784,898 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support CY509 | 0.93300 | PublicSupportCY509Pct |
| Public Support PY509 | 0.93500 | PublicSupportPY509Pct |
| Investment Income CY | 0.05140 | InvestmentIncomeCYPct |
| Investment Income PY | 0.04840 | InvestmentIncomePYPct |
| Thirty Thr Pct Suprt Tests CY509 | Yes (X) | ThirtyThrPctSuprtTestsCY509Ind |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $3,500,000 | OtherCostOrOtherBasisAmt |
| Book Value | $3,500,000 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $108,288,354 | OtherCostOrOtherBasisAmt |
| Depreciation | $43,176,572 | DepreciationAmt |
| Book Value | $65,111,782 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $12,471,833 | OtherCostOrOtherBasisAmt |
| Depreciation | $9,528,216 | DepreciationAmt |
| Book Value | $2,943,617 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $71,555,399 | TotalBookValueLandBuildingsAmt |
Other Assets Org OtherAssetsOrgGrp (7 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| RESIDENT SECURITY DEPOSIT | $103,621 |
| DEFERRED FINANCING COSTS | $1,508,882 |
| DEBT SERVICE RESERVE FUND | $3,503,192 |
| OPERATING RESERVE FUND | $3,341,457 |
| PRINCIPAL FUND | $286,745 |
| DEBT SERVICE CAPITAL INT FUND | $897,087 |
| INTEREST RATE SWAP | $369,010 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $10,009,994 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| DUE TO MEMBERS | $1,241,104 |
| DEPOSITS ON UNOCCUPIED UNITS | $445,354 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $1,686,458 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $24,232,266 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $1,453,966 | NetUnrealizedGainsInvstAmt |
| Other Revenue | $42,389 | OtherRevenueAmt |
| Revenue Not Reported | $1,496,355 | RevenueNotReportedAmt |
| Revenue Subtotal | $22,735,911 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $185,568 | InvestmentExpensesNotIncldAmt |
| Revenue Not Reported Fincl Stmt | $185,568 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $22,921,479 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $21,396,538 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $42,389 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $42,389 | ExpensesNotReportedAmt |
| Expenses Subtotal | $21,354,149 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $185,568 | InvestmentExpensesNotIncld2Amt |
| Expenses Not Rpt Fincl Stmt | $185,568 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $21,539,717 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART X, LINE 2: | THE CORPORATION HAS RECEIVED A DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE GRANTING IT FEDERAL INCOME TAX EXEMPT STATUS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC). ACCORDINGLY, THE CORPORATION'S EXCESS OF REVENUE OVER EXPENSES IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES, EXCEPT TO THE EXTENT OF ANY UNRELATED BUSINESS INCOME, BUT MUST FILE ANNUAL INFORMATION RETURNS. MANAGEMENT BELIEVES THAT THE CORPORATION IS BEING OPERATED IN ACCORDANCE WITH ITS TAX-EXEMPT PURPOSE. MANAGEMENT HAS ALSO CONSIDERED THE IMPACT OF UNRELATED BUSINESS ACTIVITIES AND HAS CONCLUDED THAT THE CORPORATION IS NOT SUBJECT TO UNRELATED BUSINESS TAX OR ANY OTHER TAXES THAT COULD BE IMPOSED BY THE IRC OR STATE TAXING AUTHORITIES. AS SUCH, NO PROVISION IS MADE FOR INCOME TAXES AND NO ASSET OR LIABILITIES HAVE BEEN RECOGNIZED FOR DEFERRED TAXES. CURRENT ACCOUNTING STANDARDS PROVIDE ACCOUNTING AND FINANCIAL REPORTING GUIDANCE RELATED TO UNCERTAIN INCOME TAX POSITIONS, AND DEFINE THE THRESHOLD FOR RECOGNIZING TAX RETURN POSITIONS IN THE FINANCIAL STATEMENTS AS "MORE LIKELY THAN NOT" THAT THE POSITION IS SUSTAINABLE, BASED ON ITS TECHNICAL MERITS. MANAGEMENT HAS DETERMINED THAT THERE IS NO MATERIAL EFFECT ON THE FINANCIAL STATEMENTS RELATED TO UNCERTAIN INCOME TAX POSITIONS. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | GIFT SHOP COST OF GOODS SOLD 42,389. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | GIFT SHOP COST OF GOODS SOLD 42,389. |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE J, PART I,LINE 3 | FormAndLineReferenceDesc |
| Explanation | NAME UNRELATED ORGANIZATION AMOUNT THOMAS CLEMENTS LCS MANAGEMENT LLC 229,205 MERCY RIDGE HAS A MANAGEMENT SERVICE AGREEMENT WITH LCS MANAGEMENT LLC, THE SUCCESSOR TO COOPERATIVE RETIREMENT SERVICES OF AMERICA, INC., UNDER WHICH LCS PROVIDES A VARITY OF MANAGEMENT SERVICES TO MERCY RIDGE. AMONG THE SERVICES PROVIDED UNDER THE MANAGEMENT SERVICES CONTRACT IS THE FULL-TIME SERVICES OF THE EXECUTIVE DIRECTOR OF MERCY RIDGE, WHO IS A FULL-TIME EMPLOYEE OF LCS. THE BOARD OF DIRECTORS OF MERCY RIDGE REVIEWED AND APPROVED THE AGREEMENT WITH LCS, INCLUDING THE AMOUNT OF COMPENSATION PAID TO THE EXECUTIVE DIRECTOR FOR HIS SERVICES TO MERCY RIDGE. MERCY RIDGE RETAINS THE RIGHT TO TERMINATE THE MANAGEMENT SERVICES AGREEMENT, INCLUDING THE SERVICES OF THE EXECUTIVE DIRECTOR, UPON 60 DAYS PRIOR WRITTEN NOTICE. | ExplanationTxt |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MARYLAND HEALTH & HIGHER EDUCATIONAL FAC AUTHORITY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Issuer EIN | 520936091 | BondIssuerEIN |
| CUSIP | 574217E27 | CUSIPNum |
| Bond Issued | 2007-03-22 | BondIssuedDt |
| Issue Price | $23,784,016 | IssuePriceAmt |
| Purpose | REFUNDING SERIES 2003A BONDS | PurposeDesc |
| Defeased | 0 | DefeasedInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Pool Financing | 0 | PoolFinancingInd |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Total Proceeds | $23,784,016 | TotalProceedsAmt |
| In Reserve Fund | $2,394,211 | InReserveFundAmt |
| Refunding Escrow | $22,533,311 | RefundingEscrowAmt |
| Issuance Costs From Proceeds | $459,930 | IssuanceCostsFromProceedsAmt |
| Working Capital Expenditures | $790,775 | WorkingCapitalExpendituresAmt |
| Substantial Completion | 2005 | SubstantialCompletionYr |
| Refunding Tax Exempt Bonds | 0 | RefundingTaxExemptBondsInd |
| Refunding Taxable Bonds | Yes (1) | RefundingTaxableBondsInd |
| Final Allocation Made | Yes (1) | FinalAllocationMadeInd |
| Adequate Books And Rec Maint | Yes (1) | AdequateBooksAndRecMaintInd |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Owning Bond Financed Property | 0 | OwningBondFinancedPropertyInd |
| Any Lease Arrangements | 0 | AnyLeaseArrangementsInd |
| Mgmt Contract Bond Fincd Prop | Yes (1) | MgmtContractBondFincdPropInd |
| Engage Bond Counsel Contracts | Yes (1) | EngageBondCounselContractsInd |
| Any Research Agreements | 0 | AnyResearchAgreementsInd |
| Bond Iss Meet Prvt Sec Pymt Test | 0 | BondIssMeetPrvtSecPymtTestInd |
| Change In Use Bond Financed Prop | 0 | ChangeInUseBondFinancedPropInd |
| Procs Nonqualified Bond Remdtd | Yes (1) | ProcsNonqualifiedBondRemdtdInd |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Form8038 T Filed | Yes (1) | Form8038TFiledInd |
| Variable Rate Issue | 0 | VariableRateIssueInd |
| Hedge Identified In Bks And Rec | Yes (1) | HedgeIdentifiedInBksAndRecInd |
Hedge Provider Name HedgeProviderName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WELLS FARGO | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Term Of Hedge | 21.000000000000 | TermOfHedgePct |
| Superintegrated Hedge | 0 | SuperintegratedHedgeInd |
| Hedge Terminated | Yes (1) | HedgeTerminatedInd |
| Gross Proceeds Invested In GIC | 0 | GrossProceedsInvestedInGICInd |
| Gross Proceeds Invested | 0 | GrossProceedsInvestedInd |
| Written Proc To Monitor Reqs | Yes (1) | WrittenProcToMonitorReqsInd |
Procedures Corrective Action ProceduresCorrectiveActionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Procedures Corrective Action | 0 | ProceduresCorrectiveActionInd |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART II LINE 3 | THE AMOUNT OF "TOTAL PROCEEDS" IS LESS THAN THE AMOUNT OF PROCEEDS IN REFUNDING ESCROWS PLUS THE GROSS PROCEEDS IN RESERVE FUNDS BECAUSE AMOUNTS IN DEPOSIT IN FUNDS PLEDGED TO BOND ISSUANCES FROM 2000 AND 2003 WERE TRANSFERRED TO THE REFUNDING ESCROW AND THE DEBT SERVICE RESERVE FUND FOR THIS BOND ISSUANCE. |
| PART II, LINE 9 | THE BOND PROCEEDS WERE USED TO MAKE A $790,775 TERMINATION PAYMENT ON A QUALIFIED HEDGE ON A PRIOR BOND ISSUANCE BY THE ORGANIZATION. |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (12 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 3 | MERCY RIDGE HAS A MANAGEMENT SERVICE AGREEMENT WITH LCS MANAGMENT LLC, THE SUCCESSOR TO COOPERATIVE RETIREMENT SERVICES OF AMERICA, INC., UNDER WHICH LCS PROVIDES A VARIETY OF MANAGEMENT SERVICES TO MERCY RIDGE. AMONG THE SERVICES PROVIDED UNDER THE MANAGEMENT SERVICES CONTRACT IS THE FULL-TIME SERVICES OF THE EXECUTIVE DIRECTOR OF MERCY RIDGE, WHO IS A FULL-TIME EMPLOYEE OF LCS. THE BOARD OF DIRECTORS OF MERCY RIDGE REVIEWED AND APPROVED THE AGREEMENT WITH LCS, INCLUDING THE AMOUNT OF COMPENSATION PAID TO THE EXECUTIVE DIRECTOR FOR HIS SERVICES TO MERCY RIDGE. MERCY RIDGE RETAINS THE RIGHT TO TERMINATE THE MANAGEMENT SERVICES AGREEMENT, INCLUDING THE SERVICES OF THE EXECUTIVE DIRECTOR, UPON 60 DAYS PRIOR WRITTEN NOTICE. |
| FORM 990, PART VI, SECTION A, LINE 6 | THE MEMBERS OF MERCY RIDGE, INC. ARE THE ROMAN CATHOLIC ARCHBISHOP OF BALTIMORE, A CORPORATION SOLE, AND MERCY HEALTH SERVICES, INC. BOTH MEMBERS ARE 501(C)(3) ORGANIZATIONS. |
| FORM 990, PART VI, SECTION A, LINE 7A | EACH OF THE TWO MEMBERS HAS THE RIGHT TO APPOINT AN EQUAL NUMBER OF DIRECTORS TO THE BOARD OF DIRECTORS OF MERCY RIDGE. CURRENTLY, EACH MEMBER APPOINTS FOUR (4) DIRECTORS TO THE BOARD. EACH DIRECTOR APPOINTED BY A MEMBER SERVES AT THE PLEASURE OF THE MEMBER THAT APPOINTED HIM OR HER AND IS SUBJECT TO REMOVAL AT ANY TIME BY THE APPOINTING MEMBER. IN ADDITION, THE BOARD OF DIRECTORS ELECTS TWO RESIDENTS OF MERCY RIDGE TO SERVE AS FULL VOTING MEMBERS OF THE BOARD ("RESIDENT BOARD MEMBERS"), FOLLOWING CONSULTATION WITH THE RESIDENT COUNCIL OF MERCY RIDGE. THE RESIDENT COUNCIL SUBMITS AT LEAST TWO NOMINEES FOR ANY OPENING FOR A RESIDENT BOARD MEMBER. THE RESIDENT BOARD MEMBERS ARE SUBJECT TO APPROVAL BY THE TWO MEMBERS. |
| FORM 990, PART VI, SECTION A, LINE 7B | THE FOLLOWING DECISIONS ARE SUBJECT TO APPROVAL BY BOTH MEMBERS: A) APPROVAL OF THE TWO MERCY RIDGE RESIDENTS WHO ARE ELECTED TO SERVE ON THE MERCY RIDGE BOARD. B) DISSOLUTION, LIQUIDATION, WINDING UP OR ABANDONMENT OF MERCY RIDGE. C) AMENDMENT OF THE ARTICLES OF INCORPORATION OR BYLAWS OF MERCY RIDGE. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE FORM 990 IS REVIEWED FOR ACCURACY BY THE DIRECTOR OF FINANCIAL SERVICE FOR MERCY RIDGE AND BY THE TREASURER OF MERCY RIDGE. THE TREASURER OF MERCY RIDGE REVIEWS THE FORM 990 WITH THE BOARD AT A MEETING SCHEDULED PRIOR TO FILING AND COPIES OF THE FORM 990 ARE PROVIDED TO ALL MEMBERS OF THE BOARD OF DIRECTORS OF MERCY RIDGE FOR THEIR REVIEW PRIOR TO FILING. ANY ADDITIONAL COMMENTS/QUESTIONS FROM BOARD MEMBERS ARE RESPONDED TO PRIOR TO FILING THE FORM 990. |
| FORM 990, PART VI, SECTION B, LINE 12C | MERCY RIDGE HAS ADOPTED A CONFLICT OF INTEREST POLICY. UNDER THE POLICY, EACH BOARD MEMBER, THE EXECUTIVE DIRECTOR, AND THE DIRECTOR OF FINANCE IS REQUIRED TO COMPLETE AN ANNUAL DISCLOSURE FORM REGARDING ALL BUSINESS RELATIONSHIPS THAT HE OR SHE, OR ANY FAMILY MEMBER, HAS WITH MERCY RIDGE, ANY OF ITS AFFILIATES OR ANY OTHER ORGANIZATIONS THAT DO BUSINESS WITH MERCY RIDGE AND ALL RELATIONSHIPS BETWEEN AND AMOUNG OFFICERS AND BOARD MEMBERS. THE COMPLETED DISCLOSURE FORMS ARE REVIEWED BY THE EXECUTIVE DIRECTOR. IN ADDITION TO THE ANNUAL DISCLOSURE, ANY COVERED PERSON UNDER THE CONFLICT OF INTEREST POLICY HAS AN ONGOING DUTY TO DISCLOSE THE EXISTENCE OF ANY ACTUAL OR POTENTIAL CONFLICT TO THE BOARD. FOLLOWING THE DISCLOSURE, THE COVERED PERSON MAY MAKE A PRESENTATION, BUT MUST THEN LEAVE THE MEETING AND THE OTHER MEMBERS OF THE BOARD SHALL DETERMINE WHETHER A CONFLICT EXISTS. UNDER THE POLICY, A CONFLICT OF INTEREST EXISTS WHEN AN INDIVIDUAL'S OWN PERSONAL INTEREST WOULD, OR MAY, INTERFERE WITH HIS OR HER IMPARTIALITY REGARDING THE MATTER. IF A CONFLICT EXISTS, THE PERSON MUST ABSTAIN FROM VOTING AND MAY NOT BE PRESENT DURING DELIBERATIONS ON THE MATTER. THE BOARD, AFTER CONDUCTING SUCH ADDITIONAL DUE DILIGENCE AS IT DETERMINES IS APPROPRIATE, SHALL MAKE A DECISION ON THE MATTER BASED UPON WHETHER THE PARTICULAR PROPOSAL IS FAIR, REASONABLE AND IN THE BEST INTEREST OF THE ORGANIZATION. |
| FORM 990, PART VI, SECTION B, LINE 15 | MERCY RIDGE HAS A MANAGEMENT SERVICE AGREEMENT WITH LCS MANAGEMENT LLC, THE SUCCESSOR TO COOPERATIVE RETIREMENT SERVICES OF AMERICA, INC., UNDER WHICH LCS PROVIDES A VARIETY OF MANAGEMENT SERVICES TO MERCY RIDGE. AMONG THE SERVICES PROVIDED UNDER THE MANAGEMENT SERVICES CONTRACT IS THE FULL-TIME SERVICES OF THE EXECUTIVE DIRECTOR OF MERCY RIDGE, WHO IS A FULL-TIME EMPLOYEE OF LCS. THE BOARD OF DIRECTORS OF MERCY RIDGE REVIEWED AND APPROVED THE AGREEMENT WITH LCS, INCLUDING THE AMOUNT OF COMPENSATION PAID TO THE EXECUTIVE DIRECTOR FOR HIS SERVICES TO MERCY RIDGE. MERCY RIDGE RETAINS THE RIGHT TO TERMINATE THE MANAGEMENT SERVICES AGREEMENT, INCLUDING THE SERVICES OF THE EXECUTIVE DIRECTOR, UPON 60 DAYS PRIOR WRITTEN NOTICE. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE GOVERNING DOCUMENTS OF THE ORGANIZATION, ITS CONFLICTS OF INTEREST POLICY, AND ITS FINANCIAL STATEMENTS ARE AVAILABLE FROM THE ORGANIZATION UPON REQUEST. |
| FORM 990, PART XI, LINE 9: | UNREALIZED GAIN ON SWAP 325,778. TRANSFER TO MEMBERS -1,248,024. |
| FORM 990, PART XII, LINE 2C: | THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. |
| PART VI, SECTION A, LINES 1A AND 1B - VOTING INDEPENDENT MEMBERS | THE BOARD OF DIRECTORS OF MERCY RIDGE, INC., IS MADE UP OF TEN MEMBERS. FOUR DIRECTORS ARE APPOINTED BY EACH OF THE TWO MEMBERS OF THE CORPORATION, MERCY HEALTH SERVICES, INC.("MHS") AND THE ARCHBISHOP OF BALTIMORE, A CORPORATION SOLE ("THE ARCHDIOCESE"), BOTH OF WHICH ARE 501(C)(3) CORPORATIONS. THE OTHER TWO BOARD MEMBERS ARE RESIDENTS OF MERCY RIDGE WHO ARE ELECTED BY THE BOARD. MHS, AND ITS DIRECT SUBSIDIARY STELLA MARIS ("SM"), PROVIDE CERTAIN MANAGEMENT SERVICES TO MERCY RIDGE AND ALL OF THE FOUR MERCY RIDGE BOARD MEMBERS OF MHS ARE EITHER DIRECTORS OR OFFICERS OF MHS. IN ADDITION, IN ORDER TO ACCOMODATE THE NEEDS OF RETIRED PRIESTS, THE ARCHDIOCESE HAS A CONTRACT WITH MERCY RIDGE TO PROVIDE SIXTEEN INDEPENDENT LIVING APARTMENTS AND FIVE ASSISTED LIVING UNITS FOR RETIRED PRIESTS. FOUR MERCY RIDGE DIRECTORS APPOINTED BY THE ARCHDIOCESE ARE OFFICERS OF THE ARCHDIOCESE. |
| PART VI, SECTION B, LINE 14 - DOCUMENT RETENTION AND DESTRUCTION POLICY | MERCY RIDGE ADHERES TO THE SAME DOCUMENT RETENTION AND DESTRUCTION POLICY AS MERCY HEALTH SERVICES AND OTHER MERCY ENTITIES. |