Mirabella At South Waterfront
- Assets
- $164.1m
- Revenue
- $24.3m
- Investments
- $0.0
- Employees
- 312
- Location
- Portland, OR
- Founding
- 06/2007
- Data as of
- 09/2023
- EIN
- 71-1016384
Organization Overview
Mirabella At South Waterfront is located in Portland, OR. The organization was established in 2007. 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 09/2023, Mirabella At South Waterfront employed 312 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mirabella At South Waterfront 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 09/2023, Mirabella At South Waterfront generated $24.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $35.7m during the year ending 09/2023. While expenses have increased by 3.5% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE CARE AND HOUSING FOR THE ELDERLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MIRABELLA AT SOUTH WATERFRONT 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 |
|---|---|---|---|
Lynn Johnson Chair | OfficerTrustee | 1 | $0 |
Rick Hawkins Vice Chair | OfficerTrustee | 1 | $0 |
Christopher Tiff Wood Secretary | OfficerTrustee | 1 | $0 |
Edward Wiener Resident Director | Trustee | 1 | $0 |
Sharon Van Eaton Executive Director | Officer | 39 | $282,136 |
Stephanie Cook Administrator | 40 | $126,388 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Helping Hand Construction Construction | 9/29/23 | $1,394,568 |
Prs Management Management Services | 9/29/23 | $400,332 |
Treadline Construction Llc Construction | 9/29/23 | $521,820 |
Southland Industries Construction | 9/29/23 | $399,094 |
Turner Construction Construction | 9/29/23 | $929,306 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $221,114 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $204,555 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $425,669 |
| Total Program Service Revenue | $24,356,567 |
| Investment income | $316,402 |
| Tax Exempt Bond Proceeds | -$129,386 |
| Royalties | $0 |
| Net Rental Income | $42,360 |
| Net Gain/Loss on Asset Sales | -$708,614 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $24,302,998 |
| 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. | $289,258 |
| Compensation of current officers, directors, key employees. | $289,258 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,167,726 |
| Pension plan accruals and contributions | $340,202 |
| Other employee benefits | $1,271,777 |
| Payroll taxes | $759,563 |
| Fees for services: Management | $2,168,945 |
| Fees for services: Legal | $33,634 |
| Fees for services: Accounting | $24,309 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $44,629 |
| Fees for services: Other | $2,319,199 |
| Advertising and promotion | $136,872 |
| Office expenses | $906,156 |
| Information technology | $261,119 |
| Royalties | $0 |
| Occupancy | $2,318,865 |
| Travel | $93,982 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $33,771 |
| Interest | $6,905,169 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,481,032 |
| Insurance | $387,254 |
| All other expenses | $0 |
| Total functional expenses | $35,694,537 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,261,673 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,556,459 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $60,333 |
| Prepaid expenses and deferred charges | $278,023 |
| Net Land, buildings, and equipment | $137,105,929 |
| Investments—publicly traded securities | $9,242,133 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $606,566 |
| Total assets | $164,111,116 |
| Accounts payable and accrued expenses | $3,779,340 |
| Grants payable | $0 |
| Deferred revenue | $16,430,097 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $83,286,153 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $161,381,105 |
| Total liabilities | $264,876,695 |
| Net assets without donor restrictions | -$101,213,185 |
| Net assets with donor restrictions | $447,606 |
| 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 | $164,111,116 |