Mira Bella
- Assets
- $187.9m
- Revenue
- $31.3m
- Investments
- $0.0
- Employees
- 417
- Location
- Seattle, WA
- Founding
- 04/2006
- Data as of
- 09/2021
- EIN
- 34-2030255
Organization Overview
Mira Bella is located in Seattle, WA. The organization was established in 2006. 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 09/2021, Mira Bella employed 417 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mira Bella 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 09/2021, Mira Bella generated $31.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.8%) each year. All expenses for the organization totaled $33.7m during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (0.6%) per year over the past 6 years. 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 COMPREHENSIVE CARE AND HOUSING FOR THE ELDERLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MIRABELLA IS A CONTINUING CARE RETIREMENT COMMUNITY, DEDICATED TO ENHANCING OUR RESIDENTS' QUALITY OF LIFE IN A STIMULATING, SECURE ENVIRONMENT. WE PROVIDE HIGH-QUALITY SERVICES INCLUDING HOUSING, NUTRITIOUS MEALS, NURSING, HOUSEKEEPING, MAINTENANCE, AND OTHER SUPPORT TO THOSE WE SERVE. OUR LEVELS OF SERVICE INCLUDE INDEPENDENT LIVING, ASSISTED LIVING, AND SKILLED NURSING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Travis Duncan Executive Director | Officer | 40 | $228,454 |
Jesan Frazier Director Nursing Services | 40 | $129,408 | |
Gail Carter-Lindberg Human Resources Director | 40 | $123,311 | |
Michelle Yusim Healthcare Administrator | 40 | $116,010 | |
Dana Emmatrice Mds Coordinator | 40 | $110,994 | |
Allan Agufa RN Nurse | 40 | $106,762 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jtm Construction Inc Construction | 9/29/21 | $2,283,375 |
Pacific Retirement Services Inc Management Services | 9/29/21 | $1,693,868 |
Consonus Rehab Therapy Services | 9/29/21 | $396,785 |
F&m Construction & Remodeling Llc General Contractor | 9/29/21 | $221,223 |
Convergint Technologies Security System Services | 9/29/21 | $317,977 |
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 | $398,553 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $398,553 |
| Total Program Service Revenue | $30,183,414 |
| Investment income | $107,243 |
| Tax Exempt Bond Proceeds | $261,655 |
| Royalties | $0 |
| Net Rental Income | $209,859 |
| Net Gain/Loss on Asset Sales | $170,883 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $31,331,607 |
| 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. | $241,902 |
| Compensation of current officers, directors, key employees. | $241,902 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,519,301 |
| Pension plan accruals and contributions | $445,445 |
| Other employee benefits | $1,747,274 |
| Payroll taxes | $889,633 |
| Fees for services: Management | $1,752,329 |
| Fees for services: Legal | $62,188 |
| Fees for services: Accounting | $24,357 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $51,247 |
| Fees for services: Other | $1,040,715 |
| Advertising and promotion | $306,507 |
| Office expenses | $875,411 |
| Information technology | $232,763 |
| Royalties | $0 |
| Occupancy | $2,015,112 |
| Travel | $50,221 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $32,128 |
| Interest | $4,067,644 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,998,821 |
| Insurance | $402,070 |
| All other expenses | -$1,303,234 |
| Total functional expenses | $33,702,262 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,032,771 |
| Savings and temporary cash investments | $81,692 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $740,217 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $258,036 |
| Prepaid expenses and deferred charges | $703,077 |
| Net Land, buildings, and equipment | $173,439,462 |
| Investments—publicly traded securities | $9,105,708 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $543,501 |
| Total assets | $187,904,464 |
| Accounts payable and accrued expenses | $3,069,562 |
| Grants payable | $0 |
| Deferred revenue | $16,092,060 |
| Tax-exempt bond liabilities | $93,085,046 |
| Escrow or custodial account liability | $961,049 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $199,740,369 |
| Total liabilities | $312,948,086 |
| Net assets without donor restrictions | -$125,643,111 |
| Net assets with donor restrictions | $599,489 |
| 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 | $187,904,464 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Mira Bella has recieved totaling $23,755.
| Awarding Organization | Amount |
|---|---|
Pacific Retirement Services Inc Medford, OR PURPOSE: GENERAL OPERATING SUPPORT | $23,755 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Marys Woods At Marylhurst Inc Lake Oswego, OR | $331,910,754 | $44,154,309 |
Mira Bella Seattle, WA | $187,904,464 | $31,331,607 |
Mirabella At South Waterfront Portland, OR | $173,639,306 | $25,337,918 |
Dallas Mennonite Retirement Community Inc Dallas, OR | $84,334,175 | $25,845,409 |
Lutheran Retirement Home Of Greater Seattle Inc Seattle, WA | $84,207,346 | $21,992,663 |
Foss Home & Villiage Seattle, WA | $15,479,734 | $20,550,514 |
Foundation For Affordable Housing Inc Bend, OR | $40,186,962 | $24,103,430 |
Village Enterprises Portland, OR | $12,295,539 | $9,652,880 |
Wesley Homes Pierce County Des Moines, WA | $105,823,745 | $1,685,200 |
Fred Lind Manor Bellevue, WA | $11,916,436 | $5,704,617 |
Mount Baker Housing Association Seattle, WA | $87,857,627 | $5,764,017 |
Retirement Community Of Fairbanks Fairbanks, AK | $25,931,909 | $2,843,131 |