2024-05-10T11:01:32-05:00 2023-06-30 410746749 CLIFTONLARSONALLEN LLP 10700 NORTHUP WAY SUITE 200 BELLEVUE WA 98004 990 2022-07-01 911833480 MARY'S WOODS AT MARYLHURST INC MARY 5036752004 17400 HOLY NAMES DRIVE 70 LAKE OSWEGO OR 97034 KIMBERLY SCOTT INTERIM CEO & CFO 5036752004 2024-05-07 1 KIMBERLY SCOTT 999009999 0 KURT BENNION CPA P01469618 4252506100 2024-05-07 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z KIMBERLY SCOTT 17400 HOLY NAMES DRIVE 70 LAKE OSWEGO OR 97034 55635731 0 X WWW.MARYSWOODS.ORG X 1997 OR 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. 15 15 533 35 347374 0 256379 314935 35793545 42064859 2463363 1353180 830017 932733 39343304 44665707 156309 131509 0 0 18499946 21433953 0 0 368033 32021420 32578261 50677675 54143723 -11334371 -9478016 323971871 319477576 402243931 405298864 -78272060 -85821288 X TO ENSURE THE DIGNITY, INDEPENDENCE, WELL-BEING AND SECURITY OF OLDER PERSONS BY PROVIDING INDIVIDUALS A CONTINUUM OF HOUSING, HEALTH, AND EDUCATIONAL SERVICES. SEE SCHEDULE O FOR MORE ON BACKGROUND AND MISSION. 0 0 48713139 131509 42064859 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 708 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 39,859 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. 48713139 1 1 0 0 0 0 0 0 1 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 71 0 533 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 OR X KIMBERLY SCOTT 5036752004 17400 HOLY NAMES DRIVE 70 LAKE OSWEGO OR 97034 JAMES ARP CEO 45.00 X 292560 0 22440 KIMBERLY SCOTT CFO 50.00 X 249995 0 33508 RALF BRABANDT COO 50.00 X 198708 0 29782 DIANE HOOD FORMER CEO 0.00 X 215538 0 0 CHERYL MUSSOTTO-CONYERS VP OF MARKETING (THROUGH MAY 2023) 45.00 X 178106 0 24703 ALBERT MUNANGA DIR OF HEALTH & CLINICAL SVCS (THROUGH MARCH 2023) 45.00 X 178909 0 22440 KEVIN HABERMAN VP OF ENVIRONMENTAL SERVICES 50.00 X 173981 0 22999 ANDREW KING DIRECTOR OF IT 45.00 X 148543 0 15372 COLETTE REES CHIEF MARKETING & COMMUNICATIONS OFFICER 50.00 X 138823 0 14852 ALISON DIVINE-BEPPLER DIRECTOR OF PEOPLE & CULTURE 50.00 X 138187 0 7944 JESSICA MARTINEZ LICENSED PRACTICAL NURSE 50.00 X 122281 0 7082 CRAIG KELLY CHAIR 4.00 X X 0 0 0 JEFF GUDMAN VICE CHAIR 2.00 X X 0 0 0 BECKY GRAHAM TREASURER 2.00 X X 0 0 0 SR LYNDA THOMPSON SECRETARY 2.00 X X 0 0 0 RONALD BASILE DIRECTOR 2.00 X 0 0 0 DICK CLARK DIRECTOR 2.00 X 0 0 0 CHRIS CUNNINGHAM RESIDENT REPRESENTATIVE 2.00 X 0 0 0 SR CAROL HIGGINS APPOINTED DIRECTOR 2.00 X 0 0 0 GAIL M HOUCK PHD RN DIRECTOR 2.00 X 0 0 0 RUTH JOHANSON IMMEDIATE PAST CHAR 2.00 X 0 0 0 JOHN KOVASH RESIDENT REPRESENTATIVE 2.00 X 0 0 0 COLLEEN MARILLEY LYMAN BSN RN DIRECTOR 2.00 X 0 0 0 VICKI NAKASHIMA DIRECTOR 2.00 X 0 0 0 MARTY RINGLE DIRECTOR 2.00 X 0 0 0 ASHLEY WISE CPA MPACC DIRECTOR 2.00 X 0 0 0 2035631 0 201122 16 1 1 0 EXPRESS SERVICES PO BOX 844277 LOS ANGELES CA 900844277 AGENCY SERVICES 1519257 STORM LANDSCAPING PO BOX 230235 PORTLAND OR 97281 LANDSCAPING SERVICES 518855 R&H CONSTRUCTION 2019 NW WILSON STREET PORTLAND OR 97209 CONSTRUCTION SERVICES 426547 EXECUTIVE SECURITY SERVICES PO BOX 272 WEST LINN OR 97068 SECURITY SERVICES 345815 ACTRIV HEALTHCARE INC 3650 S CEDAR STREET TACOMA WA 98409 AGENCY SERVICES 319489 17 314935 9905 314935 RESIDENT SERVICES 623000 37325126 37325126 EARNED ENTRANCE FEES 623000 4739733 4739733 42064859 1440069 1440069 19776 0 19776 19776 19776 10840377 4191 10931457 0 -91080 4191 -86889 -86889 49658 38567 11091 11091 OTHER REVENUE 900099 700802 347374 353428 FOOD SERVICE REVENUE 722320 201064 201064 901866 44665707 42064859 347374 1938539 7000 7000 124509 124509 1307006 409522 897484 16279551 14137977 1862052 279522 330352 296435 27942 5975 1972475 1710297 231567 30611 1544569 1276740 242961 24868 37902 37902 98083 98083 89507 15829 73673 5 5157677 4568128 582764 6785 4228 4228 741064 224365 514358 2341 6803462 6773792 28273 1397 70991 70991 94059 31812 53114 9133 6360916 6322376 36725 1815 8752607 8699575 50534 2498 1119950 1113164 6466 320 FOOD SERVICES 2387897 2385688 2209 REPAIRS & MAINTENANCE 319624 319624 MISCELLANEOUS 163663 20285 142495 883 MEDICAL SUPPLIES 143840 143840 232791 61190 169721 1880 54143723 48713139 5062551 368033 2380455 2726613 1003639 759012 68325 52592 376156 369640 338415054 79843750 265556184 258571304 43569782 45981937 440132 431559 10577198 10584919 323971871 319477576 4213203 3404732 35493421 34690676 126690264 126338968 165467841 171033633 70379202 69830855 402243931 405298864 X -81233835 -89131209 2961775 3309921 -78272060 -85821288 323971871 319477576 X -9478016 1931758 -2970 X X 0 1 X 1 0 X 595869 416516 4218220 256379 314935 5801919 26632575 33808585 35734042 35793545 42064859 174033606 27228444 34225101 39952262 36049924 42379794 179835525 0 0 0 179835525 1168512 1552401 1375565 1748361 1459845 7304684 1168512 1552401 1375565 1748361 1459845 7304684 18858 18858 862985 944690 814840 493151 604150 3719816 29259941 36722192 42142667 38310294 44443789 190878883 0.94210 0.94070 0.03830 0.03750 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: FOOD SERVICE REVENUE OTHER REVENUE SALE OF INVENTORY RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 65766687 65766687 241190740 59355708 181835032 31358225 20488042 10870183 99402 99402 258571304 OPERATING LEASE LIABILITY 68476665 DEPOSITS 1354190 69830855 X 38109368 285772 285772 37823596 73581 6768530 6842111 44665707 37595052 0 37595052 73581 16475090 16548671 54143723 PART IV, LINE 2B: ENTRANCE FEES PAID BY A RESIDENT UPON ENTERING INTO A RESIDENCY AGREEMENT ARE RECORDED AS REFUNDABLE ENTRANCE FEES OR DEFERRED REVENUE. MARY'S WOODS OFFERS THREE TYPES OF PLANS: PLAN 1, PLAN 2, AND PLAN 3. UNDER PLAN 1, UPON TERMINATION OF THE RESIDENCY AGREEMENT DUE TO CANCELLATION, DEATH, OR OTHER REASON, AN AMOUNT NOT LESS THAN 80% OF THE ORIGINAL ENTRANCE FEE OR CURRENT ENTRANCE FEE, WHICHEVER IS LOWER, WOULD BE REFUNDED TO THE RESIDENT ONLY AT THE TIME OF REOCCUPANCY OF THE VACATED UNIT OR A LIKE UNIT. UNDER PLAN 2, UPON TERMINATION OF THE RESIDENCY AGREEMENT DUE TO CANCELLATION, DEATH, OR OTHER REASON, AN AMOUNT NOT LESS THAN 50% OF THE ORIGINAL ENTRANCE FEE OR CURRENT ENTRANCE FEE, WHICHEVER IS LOWER, WOULD BE REFUNDED TO THE RESIDENT ONLY AT THE TIME OF REOCCUPANCY OF THE VACATED UNIT OR A LIKE UNIT. THE ENTRANCE FEE FOR PLAN 2 AMORTIZES 2% PER MONTH FOR 20 MONTHS FROM THE DATE OF OCCUPANCY PLUS AN IMMEDIATE 10% UPON MOVE-IN, BUT IN NO EVENT WILL THE ENTRANCE FEE REFUND AMORTIZE BELOW 50% OF THE ENTRANCE FEE. UNDER PLAN 3, THE AMOUNT OF ENTRANCE FEES THAT ARE REFUNDABLE IS PRORATED BASED ON LENGTH OF STAY OF THE RESIDENT, AND AFTER A CERTAIN LENGTH OF STAY, NO REFUND IS PROVIDED. THE ENTRANCE FEE FOR PLAN 3 AMORTIZES 2% PER MONTH FOR 45 MONTHS FROM THE DATE OF OCCUPANCY PLUS AN IMMEDIATE 10% UPON MOVE-IN, UNTIL THE ENTRANCE FEE IS FULLY AMORTIZED. UNDER ALL TYPES OF PLANS, ANY REFUND DUE IS SUBJECT TO REDUCTION FOR ANY UNPAID FEES OR CHARGES INCURRED BY A RESIDENT AND IS PAID FROM THE PROCEEDS OF THE NEW ENTRANCE FEE. IN ADDITION TO THE REFUNDABLE ENTRANCE FEES DESCRIBED ABOVE, THE ORGANIZATION HOLDS WAIT-LIST DEPOSITS FOR INDIVIDUALS PLANNING TO MOVE INTO OUR FACILITIES. DEPOSITS MAY BE EITHER 10% OF THE ENTRANCE FEE OR $2,000. IF AN INDIVIDUAL MAKES A $2,000 DEPOSIT AND THEN REMOVES THEMSELVES FROM THE WAIT LIST, 70% OF THE AMOUNT IS REFUNDED TO THEM. IF AN INDIVIDUAL MAKES A 10% DEPOSIT AND THEN REMOVES THEMSELVES FROM THE WAIT LIST, THEIR ENTIRE DEPOSIT IS REFUNDED TO THEM. PART X, LINE 2: THE INTERNAL REVENUE SERVICE (IRS) HAS RECOGNIZED MARY'S WOODS AS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE (IRC) AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE IRC, EXCEPT TO THE EXTENT OF UNRELATED BUSINESS INCOME TAX UNDER IRC SECTIONS 511-515. NO INCOME TAX IS RECORDED. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MARY'S WOODS' MANAGMENT TO EVALUATE TAX POSITIONS TAKEN BY MARY'S WOOD AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF MARY'S WOODS HAS TAKEN AN UNCERTAIN POSITION THAT MORE-LIKELY-THAN-NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS. MANAGMENT HAS ANALYZED TAX POSITIONS TAKEN BY MARY'S WOODS AND HAS CONCLUDED THAT AS OF THE JUNE 30, 2023 AND 2022, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. MARY'S WOODS IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. PART XI, LINE 2D - OTHER ADJUSTMENTS: NET ASSETS RELEASED FROM RESTRICTIONS 194,692. REALIZED LOSSES ON INVESTMENTS 91,080. PART XI, LINE 4B - OTHER ADJUSTMENTS: EARNED ENTRANCE FEES 4,739,733. INCOME ON INVESTMENTS 1,240,655. RETAIL CENTER 347,374. RESTRICTED CONTRIBUTIONS 314,935. INCOME FROM RESTRICTED INVESTMENTS 125,833. PART XII, LINE 4B - OTHER ADJUSTMENTS: INTEREST AND AMORTIZATION 6,376,842. DEPRECIATION 8,717,790. AMORTIZATION OF GROUND LEASE 1,345,642. AMORTIZATION OF PREPAID GROUND LEASE 34,816. 1 RESIDENT ASSISTANCE 2 124509 PART I, LINE 2: PRIOR TO MAKING A GRANT, MARY'S WOODS CONFIRMS THAT THE RECIPIENT IS A QUALIFIED CHARITY OR GOVERNMENT ENTITY. GRANTS ARE INTENDED FOR GENERAL OPERATING SUPPORT, SO NO FURTHER FOLLOW-UP IS CONDUCTED. MARY'S WOODS PROVIDES ASSISTANCE IN THE FORM OF MONTHLY SERVICE FEE GRANTS FOR THOSE RESIDENTS OF THE LIFE PLAN COMMUNITY THAT, THROUGH NO FAULT OF THEIR OWN, ARE NOT ABLE TO PAY THEIR MONTHLY FEE FOR HOUSING AND HEALTH CARE SERVICES. MARY'S WOODS FINANCIAL ASSISTANCE OF ITS RESIDENTS IS MONITORED BY THE BOARD FINANCE COMMITTEE AND MANAGEMENT. REQUESTS FOR FINANCIAL ASSISTANCE ARE GENERALLY INITIATED FROM THE CFO AND APPROVED BY THE CEO AND/OR BOARD FINANCE COMMITTEE PRIOR TO DISBURSEMENT. X X X X X 1 0 0 1 0 1 0 0 0 JAMES ARP CEO 280460 0 12100 0 0 0 0 0 22440 0 315000 0 0 0 KIMBERLY SCOTT CFO 207995 0 42000 0 0 0 11068 0 22440 0 283503 0 0 0 RALF BRABANDT COO 196708 0 2000 0 0 0 9982 0 19800 0 228490 0 0 0 DIANE HOOD FORMER CEO 0 0 0 0 215538 0 0 0 0 0 215538 0 0 0 CHERYL MUSSOTTO-CONYERS VP OF MARKETING (THROUGH MAY 2023) 176106 0 2000 0 0 0 8839 0 15864 0 202809 0 0 0 ALBERT MUNANGA DIR OF HEALTH & CLINICAL SVCS (THROUGH MARCH 2023) 176809 0 2100 0 0 0 0 0 22440 0 201349 0 0 0 KEVIN HABERMAN VP OF ENVIRONMENTAL SERVICES 171981 0 2000 0 0 0 8731 0 14268 0 196980 0 0 0 ANDREW KING DIRECTOR OF IT 146543 0 2000 0 0 0 7428 0 7944 0 163915 0 0 0 COLETTE REES CHIEF MARKETING & COMMUNICATIONS OFFICER 136823 0 2000 0 0 0 6908 0 7944 0 153675 0 0 0 PART I, LINE 4A IN 2022, DIANE HOOD RECEIVED SEVERANCE PAYMENTS TOTALLING $215,538. PART I, LINE 5 THE CEO HAS AN INCENTIVE COMPENSATION PLAN, UNDER WHICH AN ANNUAL BONUS MAY BE GRANTED. FOR CALENDAR YEAR 2022, THE FACTORS USED TO DETERMINE THE CEO'S BONUS WERE TOTAL RESIDENT REVENUES, NET OPERATING MARGIN, OCCUPANCY RATES, RESIDENT SATISFACTION AND EMPLOYEE SATISFACTION. PART I, LINE 6 SEE PART I, LINE 5. A PUBLIC FINANCE AUTHORITY 273866124 74443UBC6 2017-04-27 179254153 CONSTRUCTION AND EQUIPMENT 0 0 0 B HOSPITAL FACILITY AUTHORITY 930847114 179027YB7 2018-05-03 41460904 CONSTRUCTION AND EQUIPMENT 0 0 0 A 67045000 179254153 7901490 11670734 36692749 3582579 101836060 17570541 2020 1 0 0 1 B 23850000 41460904 1119863 2456173 594488 37290380 2020 0 0 0 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 0 0 1 0 0 0 0 1 A 1 B 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: PUBLIC FINANCE AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 06/06/2023 ISSUER NAME: HOSPITAL FACILITY AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 06/11/2023 FORM 990, PART VI, SECTION A, LINE 6 MARY'S WOODS WAS ORGANIZED TO CARRY OUT ACTIVITIES CONSISTENT WITH THE WISDOM OF ITS SPONSORING ORGANIZATION, U.S.-ONTARIO PROVINCE OF THE SISTERS OF THE HOLY NAMES OF JESUS AND MARY (SNJM). THE ORGNANIZATION HAS TWO CLASSES OF MEMBERS: DESIGNATED AND APPOINTED. THE SOLE DESIGNATED MEMBER IS THE PERSON SERVING FROM TIME TO TIME AS THE PROVINCIAL SUPERIOR OF THE SNJM U.S.-ONTARIO PROVINCE. THE PROVINCIAL SUPERIOR NAMES AND MAY REMOVE THE APPOINTED MEMBERS, AT LEAST THREE OF WHOM ARE SISTERS OF THE SNJM U.S.-ONTARIO PROVINCE, AND MAY ALSO NAME INDIVIDUALS WHO ARE NOT SISTERS OF THE PROVINCE. THE DESIGNATED MEMBER MAY OR MAY NOT CHOOSE TO BE AN APPOINTED MEMBER. FORM 990, PART VI, SECTION A, LINE 7A THE APPOINTED MEMBERS HAVE THE AUTHORITY TO ELECT AND/OR REMOVE THE DIRECTORS TO THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B THE APPOINTED MEMBERS HAVE THE AUTHORITY TO APPROVE OR DISSAPROVE AN ACTION OF THE BOARD OF DIRECTORS AND THEREBY MAKE A FINAL BINDING DECISION FOR THE ORGANIZATION WITH REGARD TO THE FOLLOWING MATTERS: 1) ELECTION OF THE DIRECTORS TO THE BOARD OF DIRECTORS; 2) REMOVAL OF DIRECTORS FROM THE BOARD OF DIRECTORS: 3) THE MISSION, PHILOSOPHY AND GOALS OF THE ORGANIZATION; 4) THE USE OR OPERATION OF ANY REAL PROPERTY OWNED BY THE ORGANIZATION; 5) THE ACQUISITION, ENCUMBRANCE, CONVEYANCE, RETENTION OR DISPOSAL OF ANY REAL PROPERTY OR ANY PART OF THE REAL PROPERTY OWNED BY THE ORGANIZATION; 6) THE SELECTION AND REMOVAL OF THE ORGANIZATION'S PRESIDENT/CEO AND DIRECTOR OF MISSION INTEGRATION AND THE SELECTION AND TERMINATION OF ITS MANAGEMENT FIRM; 7) ANNUAL CAPITAL AND OPERATING BUDGETS AT MARY'S WOODS; 8) ANY CONTRACTS AFFECTING EITHER THE SISTERS OF THE HOLY NAMES OF JESUS AND MARY U.S.-ONTARIO PROVINCE ORGANIZATION OR THE SOCIETY OF THE SISTERS OF THE HOLY NAMES OF JESUS AND MARY OREGON CORPORATION AND MARY'S WOODS AT MARYLHURST, INC.; 9) ANY BUSINESS AFFAIRS OR CONTRACTS AFFECTING BOTH THE U.S.-ONTARIO PROVINCE OF THE SISTERS OF THE HOLY NAMES OF JESUS AND MARY AND MARY'S WOODS AT MARYLHURST, INC.; 10) THE MERGER OR DISSOLUTION OF THE ORGANIZATION; 11) THE AMENDMENT OF THE ORGANIZATION'S ARTICLES OF INCORPORATION AND BYLAWS; 12) THE FORMATION OF ANY SUBSIDIARY CORPORATIONS OR THE FORMATION OF, OR PARTICIPATION IN, ANY JOINT VENTURE, PARTNERSHIP, OR OTHER LEGAL ENTITY; 13) THE BORROWING OF MONEY BY THE ORGANIZATION OVER $5,000,000; AND 14) THE DECISION TO CONSTRUCT CAPITAL IMPROVEMENTS IN EXCESS OF $5,000,000. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 WAS PROVIDED TO THE CEO AND CFO WHO REVIEWED THE FORM, SCHEDULES AND RELATED ATTACHMENTS. ANY COMMENTS OR QUESTIONS WERE ADDRESSED WITH THE PREPARER, AFTER WHICH THE FORM 990 WAS REVIEWED IN DETAIL BY THE AUDIT COMMITTEE. AFTER THE COMMITTEE'S REVIEW, A DRAFT WAS PRESENTED TO THE BOARD OF DIRECTORS FOR THEIR REVIEW. ONCE MANAGEMENT WAS SATISFIED WITH THE 990, THE CFO SIGNED THE FORM 8879-TE AUTHORIZING THE PREPARER TO E-FILE THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C MARY'S WOODS ANNUALLY DISTRIBUTES A COPY OF ITS CONFLICTS OF INTEREST POLICY TO THE OFFICERS, DIRECTORS AND KEY EMPLOYEES TO REVIEW, DISCLOSE ANY POTENTIAL CONFLICTS, AND SIGN. THIS PROCESS IS MONITORED BY THE CEO AND THE BOARD CHAIR TO ENSURE IT IS COMPLETED BY ALL PARTIES AND IS PROPERLY REVIEWED. FORM 990, PART VI, SECTION B, LINE 15A MARY'S WOODS REGULARLY SEEKS COMPARABLE SALARY AND WAGE INFORMATION FOR ALL EMPLOYEES UTILIZING A COMPENSATION CONSULTANT AND STUDIES FOR COMPARABLE POSITIONS. THE CEO'S COMPENSATION IS REVIEWED BY THE EXECUTIVE COMMITTEE. THE CFO'S COMPENSATION IS REVIEWED BY THE CEO. FORM 990, PART VI, SECTION C, LINE 19 MARY'S WOODS MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN CHARITABLE GIFT ANNUITY -2,970. FORM 990, PART XII, LINE 2C: THE RESPONSIBILITY FOR SELECTING THE FINANCIAL STATEMENT AUDITOR AND FOR OVERSEEING THE FINANCIAL STATEMENT AUDIT DID NOT CHANGE DURING THE FISCAL YEAR.