Mary's Woods

What it reported doing in 2024

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 752 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 ended june 30, 2025, mary's woods provided 47,856 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, and art displays.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 assistance fund is there to help when needed provides the community with a profound sense of security.

Financial Efficiency

• Mission deployment rate: 100%; rating input score 100
• Program expense ratio: 90.2%; rating input score 90
• Fundraising efficiency: $1.11 raised per $1 spent on fundraising; rating input score 3; 3rd percentile among comparable filings

Transparency & Controls

• Consistency checks: 93.8%; rating input score 94; 25th percentile among comparable filings
• Pay-setting controls: 4 of 6 controls in place; rating input score 67
  • Compensation committee: Pass
  • Independent consultant: Pass
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: 0%; rating input score 0; 3rd percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 77th percentile among comparable filings
• Governance controls: 8 of 9 controls in place; rating input score 89
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Fail
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: -13.1%; rating input score 6; 6th percentile among comparable filings
• Total-asset coverage ratio: 5.41; rating input score 86; 86th percentile among comparable filings
• Liabilities to assets ratio: 1.28; rating input score 3; 3rd percentile among comparable filings
• Officer compensation ratio: 3.5%; rating input score 31; 31st percentile among comparable filings

Growth

• Program expense growth: 9.9% per year; rating input score 100; 74th percentile among comparable filings
• Revenue growth: 7.5% per year; rating input score 100; 63rd percentile among comparable filings
• Asset growth: 11% per year; rating input score 100; 74th percentile among comparable filings