Mirabella At Asu Inc
- Assets
- $298.4m
- Revenue
- $6.1m
- Investments
- $0.0
- Employees
- 38
- Location
- Tempe, AZ
- Founding
- 08/2017
- Data as of
- 09/2021
- 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 09/2021, Mirabella At Asu Inc employed 38 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
2021
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 WILL DEVELOP AND OPERATE A COMPREHENSIVE CONTINUING CARE RETIREMENT COMMUNITY FOR THE ELDERLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Dorough Executive Director | Officer | 40 | $158,114 |
Eric Sholty Chair | OfficerTrustee | 1 | $0 |
Anthony Sabatini Secretary | OfficerTrustee | 1 | $0 |
Doug Wilson Treasurer | OfficerTrustee | 1 | $0 |
Daniel Dillon Director | Trustee | 1 | $0 |
Bob Mayers Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mccarthy Building Companies Inc Construction | 9/29/21 | $48,436,454 |
Pacific Retirement Services Inc Management Services | 9/29/21 | $870,651 |
Ankrom Moisan Assoc Architectural Services | 9/29/21 | $1,222,215 |
Sun Valley Solar Solutions Llc Solar Installation | 9/29/21 | $257,554 |
Absolute Procurement Interior Design | 9/29/21 | $3,118,950 |
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 | $1,059 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,059 |
| Total Program Service Revenue | $5,099,533 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $533,203 |
| Royalties | $0 |
| Net Rental Income | $262,895 |
| Net Gain/Loss on Asset Sales | $192,033 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,088,723 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $41,474 |
| 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. | $208,238 |
| Compensation of current officers, directors, key employees. | $208,238 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,270,405 |
| Pension plan accruals and contributions | $55,929 |
| Other employee benefits | $495,589 |
| Payroll taxes | $329,580 |
| Fees for services: Management | $1,206,031 |
| Fees for services: Legal | $306,210 |
| Fees for services: Accounting | $14,762 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $36,131 |
| Fees for services: Other | $490,484 |
| Advertising and promotion | $799,223 |
| Office expenses | $935,669 |
| Information technology | $186,974 |
| Royalties | $0 |
| Occupancy | $1,157,207 |
| Travel | $161,862 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $20,971 |
| Interest | $6,185,310 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,638,943 |
| Insurance | $183,383 |
| All other expenses | $0 |
| Total functional expenses | $24,241,276 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,106,408 |
| Savings and temporary cash investments | $40,001,085 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $31,643 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $209,892 |
| Prepaid expenses and deferred charges | $455,521 |
| Net Land, buildings, and equipment | $236,406,013 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,213,811 |
| Total assets | $298,424,373 |
| Accounts payable and accrued expenses | $15,502,660 |
| Grants payable | $0 |
| Deferred revenue | $13,446,830 |
| Tax-exempt bond liabilities | $166,008,966 |
| Escrow or custodial account liability | $3,106,014 |
| 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 | $124,945,309 |
| Total liabilities | $323,009,779 |
| Net assets without donor restrictions | -$31,329,527 |
| Net assets with donor restrictions | $6,744,121 |
| 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 | $298,424,373 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Mirabella At Asu Inc has recieved totaling $2,195,305.
| Awarding Organization | Amount |
|---|---|
Pacific Retirement Services Inc Medford, OR PURPOSE: GENERAL OPERATING SUPPORT | $2,195,305 |
View Grant Recipient Profile
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Humangood Fresno Duarte, CA | $99,958,177 | $30,814,211 |
La Vida Llena Albuquerque, NM | $163,809,368 | $31,265,301 |
Humangood Nevada Duarte, CA | $70,139,943 | $27,024,940 |
Mirabella At Asu Inc Tempe, AZ | $298,424,373 | $6,088,723 |
Humangood Idaho Duarte, CA | $92,297,372 | $17,990,575 |
Sun Health Grandview Terrace Sun City West, AZ | $62,483,785 | $23,188,169 |
Asian Pacific Health Care Venture Inc Los Angeles, CA | $31,429,576 | $29,795,515 |
Christian Living Communities Englewood, CO | $42,962,159 | $17,819,657 |
Hollenbeck Palms Los Angeles, CA | $91,601,425 | $22,351,666 |
899 Charleston Palo Alto, CA | $143,487,864 | $17,017,896 |
Neighborhood In Rio Rancho Rio Rancho, NM | $43,319,912 | $14,930,529 |
Bay Area Senior Services Inc San Mateo, CA | $56,248,028 | $16,762,634 |