Mercy Ridge INC

Tax-deductible

Timonium, MD501(c)(3)Since 1997HousingEIN 52-2097927Revenue $33.6M in FY2025

On file with the IRSmercyridge.com2525 Pot Spring Rd, 21093-2778 · Timonium, MDTax-exempt since Oct 1999Publicly supported — 509(a)(2)

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Mercy Ridge is a continuing care retirement facility that provides 408 living apartments, 35 assisted living units and 12 dementia units.

501(c)(3) charity; gifts are tax-deductible.
72¢ of each $1 spent went to programs.
$680K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $3.2M a year · 11% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
72%
of spending
Fine: 72% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$680K
to officers and key staff · 2% of spending
Top officer’s pay lower than 68% of similar orgs
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 1.6 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$161.1M
103% of total assets
Concern: liabilities are 103% of assets; over 80%.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$33.6M
+3% vs prior year
Spent
$28.4M
To programs
72%
Net assets
−$4.9M
By yearFY2020–FY2025
Revenue
$33.6M
FY2025▲ +3%
Tap a bar for its year
Revenue by fiscal year
FY2020$23.6M
FY2021$23.3M
FY2022$25.7M
FY2023$29.3M
FY2024$32.5M
FY2025$33.6M
Expenses
$28.4M
FY2025▲ +4%
Tap a bar for its year
Expenses by fiscal year
FY2020$22.3M
FY2021$22.4M
FY2022$23.3M
FY2023$25.3M
FY2024$27.3M
FY2025$28.4M
Net assets
−$4.9M
FY2025▲ +37%
Tap a bar for its year
Net assets by fiscal year
FY2020−$13.0M
FY2021−$7.8M
FY2022−$14.3M
FY2023−$11.4M
FY2024−$7.8M
FY2025−$4.9M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 1999.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

72 cents of each dollar spent went to programs.

Program services 72% · $20.6M Management & general 28% · $7.8M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

16 people listed on the 990; $680K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Director of Marketing
$177,539Pt VII · Sec A
Director of Dining
$139,132Pt VII · Sec A
Director of Human Resources
$130,459Pt VII · Sec A
Resident Care Manager
$121,240Pt VII · Sec A
Director of Assist Living
$111,935Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Patty Yingling’s $178K as Director of Marketing is at the 32nd percentile of top reported officer pay among 676 $10–100M housing nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Patty Yingling$177,539$173,029$167,275$160,609$143,278$153,098
Michael Wagner$139,132—————
Lauren Lutz$130,459——$109,569$112,087—
Michael Faulkner——$127,566$125,008$127,922$119,256
Gary Pfiefer————$121,653$113,536
Leslie Hubbard$121,240—————
Constance Smith————$120,178$112,211
Gary Pfeifer———$119,087——

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides housing and care for seniors, including independent living, assisted living, and dementia support.

Questions for Mercy Ridge INC

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Provided by the organization

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1 program · $20.6M · in their own filed words · FY2024
01

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.

$20.6Mprogram expense

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$33.6M
Ln 12
Fees for servicesLn 2g$28.3M
Investment incomeLn 3$4.4M
Other incomeLn 4–11$851K
Money outPt IX
$28.4M
Ln 25
Programscol B$20.6M
Managementcol C$7.8M
Owns and owesPt X
−$4.9M
net assets · Ln 32
Cash and savingsLn 1–2$3.7M
Total assetsLn 16$156.1M
LiabilitiesLn 26$161.1M
PeoplePt VI, VII
16
listed · VII A
PaidVII A5
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$28.3M
Investment incomeLn 3$4.4M
Other incomeLn 4–11$851K
Gains on assetsLn 7$1.4M
Total revenueLn 12$33.6M
Assets in detailPt X, end of year
CashLn 1$2.9M
SavingsLn 2$844K
Cash and savings togetherLn 1–2$3.7M
InvestmentsLn 11–13$78.4M
Land, buildings, equipmentLn 10c$67.8M
Other assetsLn 15$5.7M
Total assetsLn 16$156.1M
LiabilitiesLn 26$161.1M
Net assetsLn 32−$4.9M
OperationsPt I, VI
EmployeesI 5260
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$3.4M$3.7M
InvestmentsLn 11–13$73.4M$78.4M
Land, buildings, equipmentLn 10c$68.8M$67.8M
Total assetsLn 16$152.2M$156.1M
LiabilitiesLn 26$160.0M$161.1M
Net assetsLn 32−$7.8M−$4.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$8.9M$6.3M$2.6M
Pension plan contributionsLn 8$112K$77K$35K
Other employee benefitsLn 9$1.4M$973K$441K
Payroll taxesLn 10$643K$443K$201K
Management feesLn 11a$855K$855K
Accounting feesLn 11c$177K$177K
Investment management feesLn 11f$119K$119K
Other fees for servicesLn 11g$2.2M$2.0M$177K$0
Advertising and promotionLn 12$45K$45K
Office expensesLn 13$214K$183K$32K
OccupancyLn 16$2.5M$1.5M$1.0M
TravelLn 17$34K$34K
InterestLn 20$1.1M$927K$170K
Depreciation, depletion and amortizationLn 22$5.0M$4.3M$780K
InsuranceLn 23$420K$355K$65K
Other expenses (24a–d)Ln 24$3.9M$3.1M$781K
All other expensesLn 24e$713K$409K$304K$0
Total functional expensesLn 25$28.4M$20.6M$7.8M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $33.6M$28.4M$5.2M−$4.9M 990 PDF
FY2024 $32.5M$27.3M$5.2M−$7.8M 990 PDF
FY2023 $29.3M$25.3M$4.1M−$11.4M 990 PDF
FY2022 $25.7M$23.3M$2.4M−$14.3M 990 PDF
FY2021 $23.3M$22.4M$969K−$7.8M 990 PDF
FY2020 $23.6M$22.3M$1.3M−$13.0M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $33,592,471 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $26,548,049$28,333,733
I-10 Investment incomePrior year $5,314,762$4,407,390
I-11 Other revenuePrior year $666,201$851,348
I-12 Total revenuePrior year $32,529,012$33,592,471
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $10,379,995$11,080,069
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $16,926,060$17,316,445
I-18 Total expensesPrior year $27,306,055$28,396,514
I-19 Revenue less expensesPrior year $5,222,957$5,195,957
Part VI · Governance 10 of 10 board members independent, 1 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $33,592,471 across 7 lines filed
Lines not itemized here account for $239,009 of total revenue; see the IRS return.
VIII-1h Total contributions, gifts and grants$0
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $28,333,733$28,333,733
VIII-3 Investment incomeExcluded from tax $2,977,037$2,977,037
VIII-6 Net rental income or lossRelated to mission $34,052$34,052
VIII-7 Net gain or loss on sales of assetsExcluded from tax $1,430,353$1,430,353
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $186,650 · Excluded from tax $391,637$578,287
VIII-12 Total revenueRelated to mission $28,793,444 · Unrelated business $0 · Excluded from tax $4,799,027$33,592,471
Part IX · Statement of functional expenses $28,396,514 across 17 lines filed
IX-7 Other salaries and wagesPrograms $6,312,004 · Management $2,597,847$8,909,851
IX-8 Pension plan contributionsPrograms $77,145 · Management $34,984$112,129
IX-9 Other employee benefitsPrograms $973,372 · Management $441,413$1,414,785
IX-10 Payroll taxesPrograms $442,593 · Management $200,711$643,304
IX-11a Management feesManagement $854,790$854,790
IX-11c Accounting feesManagement $177,114$177,114
IX-11f Investment management feesManagement $118,906$118,906
IX-11g Other fees for servicesPrograms $2,026,541 · Management $177,426 · Fundraising $0$2,203,967
IX-12 Advertising and promotionManagement $45,024$45,024
IX-13 Office expensesPrograms $182,753 · Management $31,694$214,447
IX-16 OccupancyPrograms $1,482,985 · Management $1,020,386$2,503,371
IX-17 TravelManagement $34,009$34,009
IX-20 InterestPrograms $927,309 · Management $170,098$1,097,407
IX-22 Depreciation, depletion and amortizationPrograms $4,251,092 · Management $779,786$5,030,878
IX-23 InsurancePrograms $354,830 · Management $65,087$419,917
IX-24 Other expenses (24a–d)Programs $3,122,648 · Management $780,983$3,903,631
IX-24e All other expensesPrograms $409,062 · Management $303,922 · Fundraising $0$712,984
IX-25 Total functional expensesPrograms $20,562,334 · Management $7,834,180 · Fundraising $0$28,396,514
Part X · Balance sheet $156,137,190 assets, 17 lines filed
Asset lines not itemized here account for $315,900; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $3,338,663$2,876,270
X-2 Savings and temporary cash investmentsStart of year $20,246$843,855
X-4 Accounts receivableStart of year $656,118$25,401
X-8 Inventories for sale or useStart of year $46,191$111,650
X-9 Prepaid expenses and deferred chargesStart of year $75,456$80,437
X-10c Land, buildings and equipment, netStart of year $68,763,662$67,789,408
X-11 Publicly traded securitiesStart of year $73,374,790$78,434,951
X-15 Other assetsStart of year $5,241,255$5,659,318
X-16 Total assetsStart of year $152,176,981$156,137,190
X-17 Accounts payable and accrued expensesStart of year $1,699,747$5,704,405
X-19 Deferred revenueStart of year $131,608,206$129,444,545
X-20 Tax-exempt bond liabilitiesStart of year $25,164,463$23,498,148
X-25 Other liabilitiesStart of year $1,525,998$2,408,035
X-26 Total liabilitiesStart of year $159,998,414$161,055,133
X-27 Net assets without donor restrictionsStart of year −$7,821,433−$4,917,943
X-32 Total net assets or fund balancesStart of year −$7,821,433−$4,917,943
X-33 Total liabilities and net assetsStart of year $152,176,981$156,137,190
Part XI · Reconciliation of net assets −$4,917,943 net assets at year end
XI-1 Total revenue$33,592,471
XI-2 Total expenses$28,396,514
XI-3 Revenue less expenses$5,195,957
XI-4 Net assets at start of year−$7,821,433
XI-5 Net unrealized gains (losses) on investments−$742,775
XI-9 Other changes in net assets−$1,549,692
XI-10 Net assets at end of year−$4,917,943

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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