Skip to content
Nonprofiteer
← MIRABELLA AT SOUTH WATERFRONT

Form 990 for tax year 2022

Filed by MIRABELLA AT SOUTH WATERFRONT.

Totals

Total revenue
$24,302,998
Total expenses
$35,694,537
Contributions and grants received
$425,669
Grants paid
$0
Program service revenue
$24,356,567
Investment income
-$521,598
Other revenue
$42,360
Total assets, end of year
$164,111,116
Total liabilities, end of year
$264,876,695
Net assets or fund balances, end of year
-$100,765,579
Program services expenses (Part IX)
$29,088,548
Management and general expenses
$6,605,989
Fundraising expenses
$0
Program service expenses (Part III)
$29,088,548

Program services were 81.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $221,114

  • 1f · All other contributions, gifts and grants

    $204,555

  • 2a · Program service revenue: SERVICE FEES

    total $16,095,292 · related or exempt $16,095,292

  • 2b · Program service revenue: HEALTH CENTER

    total $4,720,976 · related or exempt $4,720,976

  • 2c · Program service revenue: ENTRANCE FEES

    total $2,691,340 · related or exempt $2,691,340

  • 2d · Program service revenue: HOME CARE

    total $420,164 · related or exempt $420,164

  • 2e · Program service revenue: DIETARY

    total $178,505 · related or exempt $178,505

  • 2f · All other program service revenue

    total $250,290 · related or exempt $250,290

  • 3 · Investment income

    total $316,402 · excluded $316,402

  • 4 · Income from investment of tax-exempt bond proceeds

    total -$129,386 · excluded -$129,386

  • 6a · Gross rents

    real property $42,360

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $42,360

  • 6d · Net rental income or loss

    total $42,360 · excluded $42,360

  • 7a · Gross sales of assets other than inventory

    securities $6,100,000

  • 7b · Less cost or other basis and sales expenses

    securities $6,719,591 · other assets $89,023

  • 7c · Gain or loss

    securities -$619,591 · other assets -$89,023

  • 7d · Net gain or loss

    total -$708,614 · excluded -$708,614

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $289,258 · management and general $289,258

  • 7 · Other salaries and wages

    total $9,167,726 · program services $8,456,750 · management and general $710,976

  • 8 · Pension plan contributions

    total $340,202 · program services $288,470 · management and general $51,732

  • 9 · Other employee benefits

    total $1,271,777 · program services $1,103,979 · management and general $167,798

  • 10 · Payroll taxes

    total $759,563 · program services $686,080 · management and general $73,483

  • 11a · Fees: management

    total $2,168,945 · management and general $2,168,945

  • 11b · Fees: legal

    total $33,634 · management and general $33,634

  • 11c · Fees: accounting

    total $24,309 · management and general $24,309

  • 11f · Fees: investment management

    total $44,629 · management and general $44,629

  • 11g · Fees: other

    total $2,319,199 · program services $2,007,179 · management and general $312,020

  • 12 · Advertising and promotion

    total $136,872 · management and general $136,872

  • 13 · Office expenses

    total $906,156 · program services $837,212 · management and general $68,944

  • 14 · Information technology

    total $261,119 · management and general $261,119

  • 16 · Occupancy

    total $2,318,865 · program services $2,318,390 · management and general $475

  • 17 · Travel

    total $93,982 · program services $20,801 · management and general $73,181

  • 19 · Conferences, conventions and meetings

    total $33,771 · program services $26,630 · management and general $7,141

  • 20 · Interest

    total $6,905,169 · program services $5,089,004 · management and general $1,816,165

  • 22 · Depreciation, depletion and amortization

    total $5,481,032 · program services $5,481,032

  • 23 · Insurance

    total $387,254 · program services $387,254

  • 24a · Other expenses: PROGRAM FUND EXPENSES

    total $1,334,427 · program services $1,334,427

  • 24b · Other expenses: HEALTH CENTER EXPENSE

    total $609,861 · program services $244,553 · management and general $365,308

  • 24c · Other expenses: OTHER FACILITY SERVICE

    total $436,087 · program services $436,087

  • 24d · Other expenses: OTHER DIETARY EXPENSE

    total $370,700 · program services $370,700

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,204,307 · end of year $15,261,673

  • 2 · Savings and temporary cash investments

    beginning of year $9,390,397

  • 4 · Accounts receivable

    beginning of year $321,050 · end of year $1,556,459

  • 8 · Inventories for sale or use

    beginning of year $95,317 · end of year $60,333

  • 9 · Prepaid expenses and deferred charges

    beginning of year $166,227 · end of year $278,023

  • 10a · Land, buildings and equipment: cost or other basis

    $205,543,111

  • 10b · Land, buildings and equipment: accumulated depreciation

    $68,437,182

  • 10c · Land, buildings and equipment, net

    beginning of year $138,297,755 · end of year $137,105,929

  • 11 · Investments: publicly traded securities

    beginning of year $10,653,196 · end of year $9,242,133

  • 15 · Other assets

    beginning of year $818,048 · end of year $606,566

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,096,986 · end of year $3,779,340

  • 19 · Deferred revenue

    beginning of year $15,486,487 · end of year $16,430,097

  • 20 · Tax-exempt bond liabilities

    beginning of year $84,904,583

  • 21 · Escrow or custodial account liability

    beginning of year $364,000

  • 23 · Secured mortgages and notes payable

    end of year $83,286,153

  • 25 · Other liabilities

    beginning of year $148,583,577 · end of year $161,381,105

  • 27 · Net assets without donor restrictions

    beginning of year -$91,158,840 · end of year -$101,213,185

  • 28 · Net assets with donor restrictions

    beginning of year $669,504 · end of year $447,606

Mission and programs · 2022

Mission

MIRABELLA AT SOUTH WATERFRONT IS A PREMIER CONTINUING CARE COMMUNITY DEDICATED TO ENRICHING THE LIVES OF SENIORS.

Activities or mission (Part I)

TO PROVIDE CARE AND HOUSING FOR THE ELDERLY.

  • 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.

    Expenses $29,088,548 · Revenue $24,356,567

As filed on the 2022 return.

Listed in Part VII

  • Lynn Johnson

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Rick Hawkins

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Christopher Tiff Wood

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Edward Wiener

    RESIDENT DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sharon Van Eaton

    EXECUTIVE DIRECTOR

    Total calculated
    $311,125
    From this org
    $282,136
    From related orgs
    $0
    Other
    $28,989
    Hours/week
    39 + 1 related

    Schedule J breakdown matched by us

    Base
    $251,800
    Bonus
    $30,336
    Other
    $0
    Deferred
    $15,134
    Nontaxable benefits
    $13,855
    Filer's total
    $311,125

  • Stephanie Cook

    ADMINISTRATOR

    Total calculated
    $160,711
    From this org
    $126,388
    From related orgs
    $0
    Other
    $34,323
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $115,934
    Bonus
    $10,454
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $34,323
    Filer's total
    $160,711

  • Tristilynn Choe

    DIRECTOR OF NURSING

    Total calculated
    $156,649
    From this org
    $149,117
    From related orgs
    $0
    Other
    $7,532
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $137,237
    Bonus
    $11,880
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $7,532
    Filer's total
    $156,649

  • Renee Hix

    SALES & MARKETING DIRECTOR

    Total calculated
    $123,462
    From this org
    $115,930
    From related orgs
    $0
    Other
    $7,532
    Hours/week
    40

  • Renee Hanks-Chan

    HR DIRECTOR

    Total calculated
    $118,122
    From this org
    $118,122
    From related orgs
    $0
    Other
    $0
    Hours/week
    39 + 1 related

  • Sean Eveland

    EXECUTIVE CHEF

    Total calculated
    $116,263
    From this org
    $114,256
    From related orgs
    $0
    Other
    $2,007
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
COMPENSATION WAS RECOMMENDED BY PACIFIC RETIREMENT SERVICES, INC. AND APPROVED BY MIRABELLA AT SOUTH WATERFRONT'S BOARD AS PART OF THE ANNUAL BUDGET PROCESS.
PART I, LINE 7
THE ORGANIZATION PAID BONUSES THIS YEAR. THE PROCESS FOR DETERMINING EXECUTIVE BONUSES IS DISCRETIONARY. IT IS DETERMINED BY THE VP OF OPERATIONS FOR PRS AND IT IS BASED ON THE PERFORMANCE OF THE COMMUNITY FOR THE YEAR.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • PRS MANAGEMENT INC

    C · MANAGEMENT COMPANY · OR

Provenance

Return type
form_990
Tax year
2022
Filed
6 August 2024
IRS schema version
2022v5.0
Source object
202432229349300338

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.