Mirabella At Asu Inc
- Assets
- $252.0m
- Revenue
- $17.6m
- Investments
- $0.0
- Employees
- 329
- Location
- Tempe, AZ
- Founding
- 08/2017
- Data as of
- 09/2023
- EIN
- 81-3784956
Organization Overview
Mirabella At Asu Inc is located in Tempe, AZ. The organization was established in 2017. 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 Asu Inc employed 329 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mirabella At Asu Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
DEVELOPMENT AND OPERATION OF A COMPREHENSIVE CONTINUING CARE RETIREMENT COMMUNITY FOR THE ELDERLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION OPERATES A COMPREHENSIVE CONTINUING CARE RETIREMENT COMMUNITY FOR THE ELDERLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Sholty Chair | OfficerTrustee | 1 | $0 |
Anthony Sabatini Secretary & Director | OfficerTrustee | 1 | $0 |
Thomas Dorough Executive Director | Officer | 40 | $252,387 |
Julie Thompson Healthcare Administrator | 40 | $127,757 | |
Trinise Thompson Human Resources Director | 40 | $117,105 | |
Cindy Lepage Hc Director Nursing | 40 | $103,951 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Snell & Wilmer Llp Legal Services | 9/29/23 | $1,501,580 |
Perkins Coie Llp Legal Services | 9/29/23 | $598,937 |
Hardisondowney Construction Construction | 9/29/23 | $453,868 |
Md Acoustics Professional Services | 9/29/23 | $324,445 |
Hka Global Legal Services | 9/29/23 | $298,216 |
View All Vendors
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 | $284,627 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $284,627 |
| Total Program Service Revenue | $16,756,427 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $194,613 |
| Royalties | $0 |
| Net Rental Income | $12,650 |
| Net Gain/Loss on Asset Sales | $1,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $17,646,834 |
| 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. | $255,187 |
| Compensation of current officers, directors, key employees. | $255,187 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,878,692 |
| Pension plan accruals and contributions | $241,466 |
| Other employee benefits | $1,361,213 |
| Payroll taxes | $605,726 |
| Fees for services: Management | $1,284,273 |
| Fees for services: Legal | $3,772,864 |
| Fees for services: Accounting | $24,309 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $18,906 |
| Fees for services: Other | $1,549,501 |
| Advertising and promotion | $414,739 |
| Office expenses | $517,625 |
| Information technology | $253,522 |
| Royalties | $0 |
| Occupancy | $2,551,224 |
| Travel | $115,341 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $15,756 |
| Interest | $8,779,974 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,008,475 |
| Insurance | $250,962 |
| All other expenses | $0 |
| Total functional expenses | $41,203,063 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,370,583 |
| Savings and temporary cash investments | $16,779,785 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,309,360 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $337,156 |
| Prepaid expenses and deferred charges | $288,669 |
| Net Land, buildings, and equipment | $221,734,267 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,171,970 |
| Total assets | $251,991,790 |
| Accounts payable and accrued expenses | $8,238,872 |
| Grants payable | $0 |
| Deferred revenue | $19,771,269 |
| Tax-exempt bond liabilities | $131,442,141 |
| Escrow or custodial account liability | $1,977,575 |
| 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 | $159,580,561 |
| Total liabilities | $321,010,418 |
| Net assets without donor restrictions | -$75,705,455 |
| Net assets with donor restrictions | $6,686,827 |
| 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 | $251,991,790 |