Marys Woods At Marylhurst Inc
- Assets
- $324.0m
- Revenue
- $39.3m
- Investments
- $440.1k
- Employees
- 546
- Location
- Lake Oswego, OR
- Founding
- 05/1998
- Data as of
- 06/2022
- EIN
- 91-1833480
Organization Overview
Marys Woods At Marylhurst Inc is located in Lake Oswego, OR. The organization was established in 1998. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 06/2022, Marys Woods At Marylhurst Inc employed 546 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marys Woods At Marylhurst Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Marys Woods At Marylhurst Inc generated $39.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $50.7m during the year ending 06/2022. While expenses have increased by 9.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SENIOR HOUSING THROUGH A LIFE PLAN COMMUNITY WITH A RANGE OF LIVING OPTIONS THAT INCLUDE: INDEPENDENT LIVING, ASSISTED LIVING, MEMORY SUPPORT, AND RESIDENTIAL CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MARY'S WOODS IS A CONTINUING CARE RETIREMENT COMMUNITY (ALSO KNOWN AS A LIFE PLAN COMMUNITY) LOCATED IN THE PORTLAND METROPOLITAN AREA THAT PROVIDES A CONTINUUM OF HOUSING, HEALTH AND EDUCATIONAL SERVICES TO THOSE 62 YEARS OF AGE AND OLDER. SERVICES PROVIDED TO ITS RESIDENT POPULATION INCLUDE INDEPENDENT AND SUPPORTED HOUSING, HEALTH CARE SUPPORT, WELLNESS PROGRAMMING, EDUCATIONAL, SOCIAL AND CULTURAL ACTIVITIES, AND SPIRITUAL CARE. THE RESIDENT POPULATION IS APPROXIMATELY 711 INDIVIDUALS, WITH THE VAST MAJORITY LIVING INDIVIDUALLY IN 481 APARTMENTS AND VILLAS. AS PART OF ITS CONTINUING CARE COMMITMENT, MARY'S WOODS ALSO SUPPORTS TWO HEALTH CARE CENTERS THAT CAN HOUSE APPROXIMATELY 160 RESIDENTS IN ASSISTED LIVING, RESIDENTIAL CARE, AND MEMORY CARE PROGRAMS. (SEE SCHEDULE O)DURING THE FISCAL YEAR, MARY'S WOODS PROVIDED 31,974 DAYS OF RESIDENT SERVICES TO AGING ADULTS.MARY'S WOODS ALSO OFFERS SERVICES AND ACTIVITIES TO NON-RESIDENTS LIVING IN THE SURROUNDING COMMUNITY INCLUDING MUSICAL CONCERTS, TALKS, ART DISPLAYS, AND TRANSPORTATION VIA A SHUTTLE SERVICE ON SATURDAYS.BACKGROUND AND MISSION:MARY'S WOODS IS A CONTINUING CARE RETIREMENT COMMUNITY (CCRC) ESTABLISHED IN 1997 AND OPENED IN 2001 AS A MINISTRY OF THE SISTERS OF THE HOLY NAMES OF JESUS AND MARY. MARY'S WOODS IS AN EXTENSION OF THE HERITAGE OF THE SISTERS OF THE HOLY NAMES OF JESUS AND MARY, WHICH IS TO PROVIDE A CONTINUUM OF HOUSING, HEALTH AND EDUCATIONAL SERVICES TO ENSURE THE FULL DEVELOPMENT OF EVERY INDIVIDUAL AT EVERY STAGE OF LIFE. MARY'S WOODS AT MARYLHURST IS A CARING COMMUNITY INSPIRED BY THE VISION AND VALUES OF THE SISTERS OF THE HOLY NAMES OF JESUS AND MARY, PROVIDING A CONTINUUM OF HOUSING, HEALTH AND EDUCATIONAL SERVICES. MARY'S WOODS RESPONDS TO THE GOSPEL'S VISION OF FULL DEVELOPMENT FOR EVERY INDIVIDUAL AT EACH LIFE STAGE. MARY'S WOODS SEEKS TO ENSURE THE DIGNITY, INDEPENDENCE, WELL-BEING AND SECURITY OF OLDER PERSONS THROUGH THE PROVISION OF A RANGE OF SERVICES AND EDUCATIONAL OPTIONS. AN ARRAY OF SERVICES ENRICHES THE PHYSICAL, EMOTIONAL AND SPIRITUAL WELL-BEING OF EACH RESIDENT, EMPLOYEE AND ALL OTHERS AFFILIATED WITH OUR COMMUNITY. SPONSORED BY THE SISTERS OF THE HOLY NAMES AND ROOTED IN CATHOLIC ETHICAL VALUES, MARY'S WOODS IS CHARACTERIZED BY A COMMITMENT TO: AN ENVIRONMENT OF BEAUTY, A CELEBRATION OF LIFE, HOSPITALITY AND COMPASSION, REVERENCE AND INTEGRITY, A SPIRIT OF SERVICE AND THE EXPLORATION OF THE JOURNEY OF AGING. MARY'S WOODS LIVES OUT ITS CORE VALUES OF RESPECT, COMPASSION, EXCELLENCE, STEWARDSHIP AND JUSTICE IN A SPIRIT OF SERVICE BY BEING A WELCOMING, CARING AND GENEROUS COMMUNITY. AS A MISSION-DRIVEN NOT-FOR-PROFIT ORGANIZATION, MARY'S WOODS HAS THE PRIVILEGE OF ENHANCING THE LIVES OF BOTH THOSE WHO LIVE AND WORK ON THE CAMPUS AND THOSE RESIDING IN THE BROADER COMMUNITY.MARY'S WOODS EXPANDED ITS FUNDRAISING SERVICES TO CONTINUE TO CARRY OUT THE ORGANIZATION'S MISSION. MARY'S WOODS ACCEPTS CHARITABLE CONTRIBUTIONS FOR FIVE FUNDS: (1) RESIDENT ASSISTANCE, (2) EMPLOYEE EDUCATION, (3) INNOVATION, (4) CAPITAL PROJECTS AND IMPROVEMENTS AND (5) GREATEST NEED. THESE FUNDS HELP US SERVE OUR MISSION. FOR EXAMPLE, THE RESIDENT ASSISTANCE FUND HELPS RESIDENTS WHO, THROUGH NO FAULT OF THEIR OWN, FACE DIFFICULTIES MEETING THEIR BASIC MONTHLY COSTS. IN THESE INSTANCES, THE FUND SERVES AS A SAFETY NET. KNOWING THE RESIDENT ASSISTSANCE FUND IS THERE TO HELP WHEN NEEDED PROVIDES THE COMMUNITY WITH A PROFOUND SENSE OF SECURITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diane Hood CEO (through July 2021) | Officer | 50 | $327,468 |
Kimberly Scott CFO | Officer | 45 | $189,896 |
Ralf Brabandt COO | Officer | 45 | $187,202 |
Cheryl Mussotto-Conyers VP Of Marketing | 45 | $170,576 | |
Kevin Haberman VP Of Environmental Services | Officer | 45 | $168,716 |
Irit Mandelsberg Director Of Health Services (through Sep 2021) | 45 | $155,295 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Storm Landscaping Landscaping | 6/29/22 | $671,609 |
Express Services Agency | 6/29/22 | $540,631 |
R&h Construction Construction | 6/29/22 | $586,097 |
Executive Security Services Security | 6/29/22 | $360,864 |
Siemens Industry Fire Alarm Panel Retrofit | 6/29/22 | $510,044 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,312 |
| All other contributions, gifts, grants, and similar amounts not included above | $254,067 |
| Noncash contributions included in lines 1a–1f | $17,609 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $256,379 |
| Total Program Service Revenue | $35,793,545 |
| Investment income | $1,731,495 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $16,866 |
| Net Gain/Loss on Asset Sales | $731,868 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $15,967 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $39,343,304 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $12,500 |
| Grants and other assistance to domestic individuals. | $143,809 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $907,826 |
| Compensation of current officers, directors, key employees. | $624,006 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $14,164,817 |
| Pension plan accruals and contributions | $290,759 |
| Other employee benefits | $1,746,370 |
| Payroll taxes | $1,390,174 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $649,682 |
| Fees for services: Accounting | $143,027 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $106,170 |
| Fees for services: Other | $3,895,957 |
| Advertising and promotion | $3,711 |
| Office expenses | $943,543 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,432,766 |
| Travel | $78,175 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $120,099 |
| Interest | $6,362,459 |
| Payments to affiliates | $75,000 |
| Depreciation, depletion, and amortization | $8,730,273 |
| Insurance | $1,084,182 |
| All other expenses | $573,646 |
| Total functional expenses | $50,677,675 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,380,455 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,003,639 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $68,325 |
| Prepaid expenses and deferred charges | $376,156 |
| Net Land, buildings, and equipment | $265,556,184 |
| Investments—publicly traded securities | $43,569,782 |
| Investments—other securities | $440,132 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,577,198 |
| Total assets | $323,971,871 |
| Accounts payable and accrued expenses | $4,213,203 |
| Grants payable | $0 |
| Deferred revenue | $35,493,421 |
| Tax-exempt bond liabilities | $126,690,264 |
| Escrow or custodial account liability | $165,467,841 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $70,379,202 |
| Total liabilities | $402,243,931 |
| Net assets without donor restrictions | -$81,233,835 |
| Net assets with donor restrictions | $2,961,775 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $323,971,871 |