Mirabella At South Waterfront
- Assets
- $173.6m
- Revenue
- $25.3m
- Investments
- $0.0
- Employees
- 326
- Location
- Portland, OR
- Founding
- 06/2007
- Data as of
- 09/2021
- 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 09/2021, Mirabella At South Waterfront employed 326 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 09/2021, Mirabella At South Waterfront generated $25.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $29.2m during the year ending 09/2021. While expenses have increased by 1.3% per year over the past 6 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 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 |
|---|---|---|---|
Sharon Mccartney Executive Director | Officer | 40 | $232,724 |
Tristilynn Choe Director Of Nursing | 40 | $137,359 | |
Anna Browne H.r. Director | 40 | $101,875 | |
Lynn Johnson Chair | OfficerTrustee | 1 | $0 |
Rick Hawkins Vice Chair | OfficerTrustee | 1 | $0 |
Christopher Tiff Wood Director & Secretary | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pacific Retirement Services Inc Management Services | 9/29/21 | $1,546,694 |
Prs Management Inc Management Services | 9/29/21 | $221,339 |
Helping Hand Construction Llc General Contractor | 9/29/21 | $203,005 |
Belfor Usa Group Restoration Services | 9/29/21 | $276,675 |
Consonus Rehab Services Therapy Services | 9/29/21 | $276,675 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $14,600 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $375,964 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $390,564 |
| Total Program Service Revenue | $22,294,137 |
| Investment income | $351,872 |
| Tax Exempt Bond Proceeds | $75,564 |
| Royalties | $0 |
| Net Rental Income | $37,705 |
| Net Gain/Loss on Asset Sales | $2,188,076 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $25,337,918 |
| 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. | $246,984 |
| Compensation of current officers, directors, key employees. | $246,984 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,445,365 |
| Pension plan accruals and contributions | $305,674 |
| Other employee benefits | $1,234,625 |
| Payroll taxes | $655,142 |
| Fees for services: Management | $1,658,051 |
| Fees for services: Legal | $3,015 |
| Fees for services: Accounting | $21,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $50,920 |
| Fees for services: Other | $546,976 |
| Advertising and promotion | $112,384 |
| Office expenses | $1,133,521 |
| Information technology | $181,583 |
| Royalties | $0 |
| Occupancy | $2,157,281 |
| Travel | $21,539 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $23,784 |
| Interest | $4,702,723 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,031,221 |
| Insurance | $417,463 |
| All other expenses | $0 |
| Total functional expenses | $29,168,046 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,627,632 |
| Savings and temporary cash investments | $9,638,477 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $946,820 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $129,710 |
| Prepaid expenses and deferred charges | $577,702 |
| Net Land, buildings, and equipment | $138,827,297 |
| Investments—publicly traded securities | $14,140,194 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $751,474 |
| Total assets | $173,639,306 |
| Accounts payable and accrued expenses | $5,207,813 |
| Grants payable | $0 |
| Deferred revenue | $14,770,364 |
| Tax-exempt bond liabilities | $86,076,466 |
| Escrow or custodial account liability | $381,000 |
| 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 | $150,122,606 |
| Total liabilities | $256,558,249 |
| Net assets without donor restrictions | -$83,497,867 |
| Net assets with donor restrictions | $578,924 |
| 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 | $173,639,306 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Mirabella At South Waterfront has recieved totaling $9,750.
| Awarding Organization | Amount |
|---|---|
Institute For Healthcare Improvement Boston, MA PURPOSE: HEALTH CARE | $9,750 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Front Porch Communities Operating Group Llc Glendale, CA | $0 | $63,438,130 |
Marys Woods At Marylhurst Inc Lake Oswego, OR | $331,910,754 | $44,154,309 |
Mira Bella Seattle, WA | $187,904,464 | $31,331,607 |
Humangood Fresno Duarte, CA | $99,958,177 | $30,814,211 |
Mirabella At South Waterfront Portland, OR | $173,639,306 | $25,337,918 |
Humangood Nevada Duarte, CA | $70,139,943 | $27,024,940 |
Dallas Mennonite Retirement Community Inc Dallas, OR | $84,334,175 | $25,845,409 |
Humangood Idaho Duarte, CA | $92,297,372 | $17,990,575 |
Lutheran Retirement Home Of Greater Seattle Inc Seattle, WA | $84,207,346 | $21,992,663 |
Asian Pacific Health Care Venture Inc Los Angeles, CA | $31,429,576 | $29,795,515 |
Hollenbeck Palms Los Angeles, CA | $91,601,425 | $22,351,666 |
Foss Home & Villiage Seattle, WA | $15,479,734 | $20,550,514 |