2026-04-08T13:46:45+00:00 2025-06-30 440160260 Forvis Mazars LLP One Oak Plaza Suite 300 Asheville NC 28801 990 2024-07-01 522097927 Mercy Ridge Inc MERC 4105610200 2525 POT SPRING ROAD TIMONIUM MD 21093 TERESA MANOCHEH DIRECTOR OF FINANCE 2026-04-08 true Amy Bibby P00445891 8282542254 2026-03-25 2024 2025-03-06 01:10:19Z DAVID DENTON 2525 POT SPRING ROAD TIMONIUM MD 21093 33649020 false X WWW.MERCYRIDGE.COM X 1997 MD MERCY RIDGE IS A CONTINUING CARE RETIREMENT FACILITY THAT PROVIDES 408 LIVING APARTMENTS, 35 ASSISTED LIVING UNITS AND 12 DEMENTIA UNITS. 10 10 300 0 0 0 0 26548049 28333733 5314762 4407390 666201 851348 32529012 33592471 0 0 0 0 10379995 11080069 0 0 0 16926060 17316445 27306055 28396514 5222957 5195957 152176981 156137190 159998414 161055133 -7821433 -4917943 MERCY RIDGE IS A CONTINUING CARE RETIREMENT FACILITY THAT PROVIDES 408 LIVING APARTMENTS, 35 ASSISTED LIVING UNITS AND 12 DEMENTIA UNITS. false false 20562334 28793444 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 or its residents and helping them to achieve their cultural, intellectual and spiritual aspirations. When needed, Mercy ridge provides skilled, compassionated care and assisted living options. Mercy Ridge creates a wholesome and socially stimulating environment in a diverse community and welcomes persons of all faith 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 as of June 2025 was 511. Mercy Ridge has 97.1% and 95.1% occupancy in independent living and assistant living. 20562334 true false false false false false false false false false true false false false true true true false false false false false false false false false false false false true true false false false false false false false false false false false false false false false false false false false false true 0 0 300 true false false false false false false false false false false false false X 10 10 false true false false true true true true true false false false true true true true true true false false false false MD X TERESA MANOCHEH 4105610200 2525 POT SPRING ROAD TIMONIUM MD 21093 Monsignor Richard Woy Vice- Chairman 1.0 X X 0 0 0 Sr Helen Amos RSM Chairperson 1.0 X X 0 0 0 Bonnie Phipps Director 1.0 X 0 0 0 Gerald Kahan Resident Director 1.0 X 0 0 0 Gerldine Buckley Resident Director 1.0 X 0 0 0 John Matera Director 1.0 X 0 0 0 Justin Deibel Director 1.0 X 0 0 0 Marilynn Duker Director 1.0 X 0 0 0 Monsignor Paul Cook Director 1.0 X 0 0 0 Phil Beatson Director 1.0 X 0 0 0 David Denton Executive Director 40.0 X 0 0 0 Lauren Lutz Director of Human Resources 40.0 X 130459 0 0 Leslie Hubbard Resident Care Manager 40.0 X 121240 0 0 Mary Harmony Diggs Director of Assist Living 40.0 X 111935 0 0 Michael Wagner Director of Dining 40.0 X 139132 0 0 Patty Yingling Director of Marketing 40.0 X 177539 0 0 680305 0 0 5 false true true US Foods Inc PO Box 33101 Newark NJ 07188 Food Service 829711 LCS Management 400 Locust Street Des Moines IA 50309 Management Services 810308 Sysco Baltimore 8000 Dorsey Run Rd Jesup MD 20794 Food Service 743540 Charles R Incorporated 4000 Coolidge Avenue Baltimore MD 21229 Facility Services 446597 Siemens Industry Inc PO Box 2134 Carol Stream IL 60132 Facility Services 389210 25 0 Resident Service Fees 623000 28333733 28333733 0 0 0 0 28333733 2977037 2977037 34052 34052 0 34052 34052 1430353 0 1430353 1430353 1430353 92935 56549 36386 36386 Other 623000 403823 12186 391637 Garage Parking 812930 101546 101546 Catering 722320 72918 72918 202623 202623 0 0 780910 33592471 28793444 0 4799027 8909851 6312004 2597847 112129 77145 34984 1414785 973372 441413 643304 442593 200711 854790 854790 177114 177114 118906 118906 2203967 2026541 177426 0 45024 45024 214447 182753 31694 2503371 1482985 1020386 34009 34009 1097407 927309 170098 5030878 4251092 779786 419917 354830 65087 FOOD & REFRESHMENTS 2996582 2996582 SECURITY 601012 601012 EMPLOYEE RECRUIT/RETENTION 156846 156846 TRASH REMOVAL 149191 126066 23125 712984 409062 303922 0 28396514 20562334 7834180 0 3338663 2876270 20246 843855 656118 25401 0 0 0 0 660600 315900 46191 111650 75456 80437 147918222 80128814 68763662 67789408 73374790 78434951 0 0 5241255 5659318 152176981 156137190 1699747 5704405 131608206 129444545 25164463 23498148 0 0 1525998 2408035 159998414 161055133 X -7821433 -4917943 -7821433 -4917943 152176981 156137190 X 5195957 -742775 -1549692 X X false true true false X 0 22144585 24324704 25532481 27306537 28849993 128158300 0 0 0 22144585 24324704 25532481 27306537 28849993 128158300 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 128158300 948329 1270032 1594260 2533764 2977037 9323422 0 948329 1270032 1594260 2533764 2977037 9323422 0 49580 0 0 0 391637 441217 23142494 25594736 27126741 29840301 32218667 137922939 0.92920 0.93779 0.07 0.06 X Schedule A, Part III, Line 12 Other Income DESCRIPTION - , COLUMN A - 49580.0, COLUMN B - , COLUMN C - , COLUMN D - , COLUMN E - 391637.0, COLUMN F - 441217.0; 3500000 3500000 94913497 51781130 43132367 31917528 13683445 18234083 16886625 14664239 2222386 700572 700572 67789408 Federal Income Taxes DUE TO MEMBERS 1564180 DEPOSITS ON UNOCCUPIED UNITS 843855 2408035 X 32787339 -742775 56549 -686226 33473565 118906 0 118906 33592471 28334157 56549 56549 28277608 118906 0 118906 28396514 Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote 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. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 GIFT SHOP COST OF GOODS SOLD - 56549 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 GIFT SHOP COST OF GOODS SOLD - 56549 X X false false false false false false false false false Patty Yingling Director of Marketing 118589 0 58200 0 750 0 0 0 0 0 177539 0 0 0 Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation Name: David Denton Unrelated Organization: LCS Management LLC Amount: $293,517 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. A ISSUER NAME MARYLAND HEALTH & HIGHER EDUCATIONAL FAC AUTHORITY 520936091 2021-07-08 29915000 REVENUE BOND, MERCY RIDGE ISSUE 2021 REFUNDING SERIES 2007 false false false A 6230000 29915000 29915000 true false true true A false false true true false false 0.0 0.0 0.0 false false 0 false true A false true false false true false 0 false false false 0 false false false A false Form 990, Part VI, 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, 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. Form 990, Part VI, Line 1a Delegate broad authority to a committee 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. Form 990, Part VI, Line 3 Delegation of management duties 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. THE ORGANIZATION PAID LCS MANAGEMENT, LLC $810,308 DURING THE YEAR. Form 990, Part VI, Line 6 Classes of members or stockholders 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, Line 7a Members or stockholders electing members of governing body 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, Line 7b Decisions requiring approval by members or stockholders 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, Line 11b Review of form 990 by governing body 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, Line 12c Conflict of interest policy 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, Line 19 Required documents available to the public 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 VIII, Line 11d Other Miscellaneous Revenue GUEST AND OTHER ROOM INCOME - Total Revenue: 51079, Related or Exempt Function Revenue: 51079, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; ENGINEERING AND MAINTENANCE - Total Revenue: 28565, Related or Exempt Function Revenue: 28565, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; APPLICATION PROCESS - Total Revenue: 15150, Related or Exempt Function Revenue: 15150, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Lounge Charges - Total Revenue: 13276, Related or Exempt Function Revenue: 13276, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Wellness - Total Revenue: 11000, Related or Exempt Function Revenue: 11000, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Housekeeping Fees - Total Revenue: 4972, Related or Exempt Function Revenue: 4972, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Meals - Total Revenue: 78581, Related or Exempt Function Revenue: 78581, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Form 990, Part XI, Line 9 Other changes in net assets or fund balances Transfer to members - -1549692; Total - -1549692; Form 990, Part XII, Line 2c Change of oversight process or selection process The process has not changed from the prior year.