Masonic Home Independent Living Ii Inc
- Assets
- $142.5m
- Revenue
- $16.4m
- Investments
- -$144.0k
- Employees
- 156
- Location
- Masonic Home, KY
- Founding
- 06/2011
- Data as of
- 12/2021
- EIN
- 27-3168105
Organization Overview
Masonic Home Independent Living Ii Inc, operating under the name Miraleagrove Pointethe Meadow, is located in Masonic Home, KY. The organization was established in 2011. 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 12/2021, Miraleagrove Pointethe Meadow employed 156 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Miraleagrove Pointethe Meadow 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 12/2021, Miraleagrove Pointethe Meadow generated $16.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.1% each year . All expenses for the organization totaled $19.4m during the year ending 12/2021. While expenses have increased by 16.6% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE QUALITY HOUSING AND PERSONAL CARE SERVICES THAT WILL IMPROVE AND ENHANCE THE QUALITY OF THE RESIDENTS NURTURE AND FURTHER ENHANCE AND MAKE A DIFFERENCE IN THEIR LIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION'S PURPOSE IS CONSTRUCTING, OWNING AND OPERATING A SENIOR LIVING COMMUNITY KNOWN AS MIRALEA. MIRALEA CONSISTS OF 120 INDEPENDENT LIVING APARTMENTS AND 12 RESIDENTIAL-STYLE PATIO HOMES THAT OPENED ON NOVEMBER 1, 2012. MIRALEA, WITH ITS AFFILITATION WITH MASONIC HOMES OF KENTUCKY, FORM A CONTINUING CARE RETIREMENT COMMUNITY (CCRC) WITH A LIFE CARE PRODUCT FOR SENIORS. MEADOW OPENED IN JULY 2018 WITH 122 UNITS. MIRALEA/MEADOW OFFERS A TIERED APPROACH TO THE AGING PROCESS, ACCOMMODATING RESIDENTS CHANGING NEEDS AS THEY AGE THROUGH INDEPENDENT LIVING, ASSISTED LIVING, AND SKILLED NURSING CARE. MIRALEA PROVIDES SENIORS THE OPTION TO LIVE AN ACTIVE LIFESTYLE IN ONE LOCATION FOR THE DURATION OF THEIR REMAINING LIFE, WITH MUCH OF THEIR FUTURE CARE ALREADY PREDETERMINED BY THE RESIDENT AND THE LIFE CARE AGREEMENTS WITH MIRALEA/MEADOW.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
J Scott Judy CEO | OfficerTrustee | 2 | $0 |
Harold Armstrong Chairman | OfficerTrustee | 0.8 | $0 |
Terry Bowman Vice Chairman | OfficerTrustee | 0.8 | $0 |
Mark Galloway Secretary | OfficerTrustee | 0.8 | $0 |
Ronald S Caughron Treasurer | OfficerTrustee | 0.8 | $0 |
Todd Lacy President | Officer | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Greystone Development Company Marketing | 12/30/21 | $141,323 |
Brandmettle Llc Marketing | 12/30/21 | $112,222 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $14,125,289 |
| Investment income | $369,394 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,962,242 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,410,935 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $96,989 |
| Fees for services: Accounting | $47,376 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $81,792 |
| Fees for services: Other | $532,982 |
| Advertising and promotion | $158,882 |
| Office expenses | $174,954 |
| Information technology | $209,678 |
| Royalties | $0 |
| Occupancy | $900,462 |
| Travel | $8,432 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $91 |
| Interest | $4,309,044 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,971,178 |
| Insurance | $308,346 |
| All other expenses | $1,192,941 |
| Total functional expenses | $19,439,052 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $243,021 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $869,871 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $33,757 |
| Prepaid expenses and deferred charges | $49,908 |
| Net Land, buildings, and equipment | $107,070,830 |
| Investments—publicly traded securities | $16,141,496 |
| Investments—other securities | -$144,001 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $18,252,030 |
| Total assets | $142,516,912 |
| Accounts payable and accrued expenses | $563,782 |
| Grants payable | $0 |
| Deferred revenue | $6,086,529 |
| Tax-exempt bond liabilities | $89,764,307 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $2,518,916 |
| Other liabilities | $81,763,837 |
| Total liabilities | $180,697,371 |
| Net assets without donor restrictions | -$38,180,459 |
| Net assets with donor restrictions | $0 |
| 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 | $142,516,912 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Blanchard Valley Continuing Care Services Findlay, OH | $61,929,671 | $35,904,527 |
American Senior Communities Group Health Plan Indianapolis, IN | $8,703,398 | $37,045,158 |
Twin Lakes Cincinnati, OH | $221,116,873 | $30,548,357 |
St Leonard Centerville, OH | $96,777,617 | $31,237,067 |
Kenton Housing Inc Latonia, KY | $68,380,829 | $31,745,821 |
Colonial Senior Services Inc Hamilton, OH | $79,845,037 | $27,642,805 |
Washington & Jane Smith Community- Orland Park Orland Park, IL | $98,659,201 | $23,019,583 |
First Community Village Columbus, OH | $122,549,081 | $19,045,598 |
Willow Brook Christian Services Delaware, OH | $3,018,622 | $23,582,237 |
Virginia Lutheran Homes Inc Roanoke, VA | $83,707,371 | $28,580,430 |
Clare Oaks Bartlett, IL | $26,201,984 | $13,279,793 |
Ness Healthcare Nfp Lincolnwood, IL | $31,649,898 | $15,770,291 |