Overview
What is Mercy Ridge Inc?
Mercy Ridge Inc is a thriving continuing care retirement community located at 2525 Pot Spring Road, Timonium, Maryland, 21093. With a mission to support the dignity and fulfillment of its residents, Mercy Ridge offers housing and personal services, enabling over 500 individuals to live independently or receive compassionate care and assisted living options as needed. Their commitment to residents' cultural, intellectual, and spiritual aspirations creates a socially stimulating and diverse environment with 408 independent living units, 35 assisted living units, and 12 dementia units. Mercy Ridge boasts an impressive occupancy rate, with 93.6% occupancy in independent living and 91.5% occupancy in assisted living. The organization is dedicated to helping residents maintain their independence while offering skilled care and support when necessary. With a team of 277 employees, Mercy Ridge fosters a wholesome community for its 531 residents.
Official website here: www.mercyridge.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
Mercy Ridge Inc has received an 81% rating from Charity Navigator, reflecting a solid performance, particularly in the area of Accountability & Finance. The organization benefits from a fully independent board, which is critical for governance and transparency. Additionally, it has been recognized for having strong financial oversight practices, including a thorough audit and oversight committee.
The charity's program expense ratio is commendable at 71.01%, indicating that a significant portion of its funds is directed towards its programs rather than administrative costs. This efficient allocation of resources is a positive aspect that aligns with the expectations of donors seeking impact-driven organizations. The presence of well-defined policies, such as conflict of interest and whistleblower protections, further strengthens its accountability framework.
While the organization shows strengths in governance and financial management, it is important for potential donors and stakeholders to continually monitor its performance and impact. This rating suggests a reliable commitment to financial integrity, but ongoing evaluation is essential to ensure that it meets its mission effectively over time.
This AI summary has been generated from information found on Charity Navigator.
Is Mercy Ridge Inc legitimate?
Mercy Ridge Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mercy Ridge Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $7,330,235
For more financial information, click here
Official website here: www.mercyridge.com
What is the mission statement of Mercy Ridge Inc?
Mercy Ridge Inc is a continuing care retirement facility that offers a range of living options for its residents. These options include 408 independent living apartments, 35 assisted living units, and 12 dementia units. The mission of Mercy Ridge is to enable its residents to enjoy a dignified and fulfilling lifestyle. The community is dedicated to supporting their independence and helping them achieve their cultural, intellectual, and spiritual aspirations. Mercy Ridge provides skilled and compassionate care when needed, and creates a wholesome and socially stimulating environment in a diverse community. The facility is committed to welcoming persons of all faiths and backgrounds. Mercy Ridge's high occupancy rates, with 93.6% in independent living and 91.5% in assisted living, demonstrate the strong demand for its services. The community is fully reserved and has 212 potential residents on its waitlist.
Official website here: www.mercyridge.com
Who is the CEO of Mercy Ridge Inc?
Thomas Clements is the Principal Officer of Mercy Ridge Inc.
Official website here: www.mercyridge.com
What is the revenue of Mercy Ridge Inc?
Mercy Ridge Inc's revenue in 2022 was $25,724,351.
Official website here: www.mercyridge.com
Who are the executives of Mercy Ridge Inc and what are their salaries?
The average compensation at Mercy Ridge Inc during 2022 was $26,463. There are 277 employees and 10 volunteers at Mercy Ridge Inc.
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Official website here: www.mercyridge.com
Where can I find the form 990 for Mercy Ridge Inc?
Mercy Ridge Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mercyridge.com
Learn more at the official website: www.mercyridge.com
Mission Statement of Mercy Ridge Inc
Mercy Ridge, a continuing care retirement facility, is dedicated to enriching the lives of its residents by providing them with a dignified and fulfilling lifestyle. With 408 independent living apartments, 35 assisted living units, and 12 dementia units, Mercy Ridge offers various living options to cater to the diverse needs of its residents.
Mercy Ridge is more than just a retirement community; it is a place where residents can pursue their cultural, intellectual, and spiritual aspirations. The community is committed to supporting the independence of its residents, offering skilled and compassionate care when needed. Mercy Ridge creates a wholesome and socially stimulating environment, welcoming individuals of all faiths and backgrounds.
The mission of Mercy Ridge is to provide housing and personal services that enable its residents to live with dignity and enjoy their retirement years. The organization is committed to helping its residents achieve their aspirations and maintain their independence, while offering assisted living options and skilled care when required. Mercy Ridge's commitment to its residents extends beyond the basics, as it strives to create a sense of community, providing opportunities for social engagement and fostering a supportive and inclusive environment.
With 93.6% occupancy in independent living and 91.5% occupancy in assisted living, Mercy Ridge has a total of 531 residents. The community is fully reserved and has 212 potential residents on its waitlist. Mercy Ridge's residents enjoy a vibrant community and the peace of mind that comes with knowing they have access to the care they need, in a place that values and respects their individuality.
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Impact
October, 2024
Mercy Ridge Inc significantly impacts the lives of its residents by fostering a dignified and fulfilling lifestyle within a supportive community. With a capacity of 408 independent living apartments, 35 assisted living units, and 12 dedicated dementia units, Mercy Ridge offers a comprehensive continuum of care tailored to the unique needs of older adults.
Residents benefit from a holistic approach that prioritizes their cultural, intellectual, and spiritual aspirations. With skilled and compassionate care available when needed, individuals can maintain their independence while receiving the support necessary to thrive. The property's high occupancy rates—93.6% for independent living and 91.5% for assisted living—attest to its appeal and the satisfaction of its residents.
In addition to providing essential housing and services, Mercy Ridge creates a socially stimulating environment, welcoming individuals from diverse backgrounds and faiths. This inclusivity enriches the community dynamic and fosters meaningful connections among residents. With a waitlist of 212 potential residents, Mercy Ridge continues to be a sought-after choice for those seeking a comfortable and engaging living experience, underscoring its essential role in the community of Timonium, MD.
This information is meant to be a general summary of Mercy Ridge Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $1,848,878
- Program Service Revenue: $23,453,632
- Gross Receipts: $25,792,719
Assets and Liabilities:
- Total Assets: $140,650,271
- Total Liabilities: $154,991,939
- Net Assets: -$14,341,668
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESIDENT SERVICE FEES
Revenue
$23,453,632
Organization Details
Founding Year
1997
Phone
(410) 561-0200Principal Officer
Thomas Clements
Main Address
2525 POT SPRING ROAD, TIMONIUM, MD, 21093
Website
www.mercyridge.comNTEE Category
Code: L220 - Housing
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