Skip to content
Nonprofiteer
← MIRABELLA AT ASU INC

Form 990 for tax year 2022

Filed by MIRABELLA AT ASU INC.

Totals

Total revenue
$17,646,834
Total expenses
$41,203,063
Contributions and grants received
$284,627
Grants paid
$0
Program service revenue
$16,756,427
Investment income
$195,613
Other revenue
$410,167
Total assets, end of year
$251,991,790
Total liabilities, end of year
$321,010,418
Net assets or fund balances, end of year
-$69,018,628
Program services expenses (Part IX)
$32,653,162
Management and general expenses
$8,549,901
Fundraising expenses
$0
Program service expenses (Part III)
$32,653,162

Program services were 79.2% 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.

  • 1f · All other contributions, gifts and grants

    $284,627

  • 2a · Program service revenue: SERVICE FEES

    total $12,471,725 · related or exempt $12,471,725

  • 2b · Program service revenue: HEALTH CENTER

    total $1,924,407 · related or exempt $1,924,407

  • 2c · Program service revenue: ENTRANCE FEES

    total $1,863,813 · related or exempt $1,863,813

  • 2d · Program service revenue: GARAGE

    total $232,935 · related or exempt $232,935

  • 2e · Program service revenue: DIETARY

    total $221,053 · related or exempt $221,053

  • 2f · All other program service revenue

    total $42,494 · related or exempt $42,494

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

    total $194,613 · excluded $194,613

  • 6a · Gross rents

    real property $12,650

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $12,650

  • 6d · Net rental income or loss

    total $12,650 · excluded $12,650

  • 7a · Gross sales of assets other than inventory

    other assets $1,000

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

    other assets $0

  • 7c · Gain or loss

    other assets $1,000

  • 7d · Net gain or loss

    total $1,000 · excluded $1,000

  • 11a · Other revenue: OTHER NONOPERATING INCOME

    total $397,517 · excluded $397,517

  • 11e · Other revenue, total

    $397,517

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $255,187 · management and general $255,187

  • 7 · Other salaries and wages

    total $7,878,692 · program services $7,026,234 · management and general $852,458

  • 8 · Pension plan contributions

    total $241,466 · program services $188,816 · management and general $52,650

  • 9 · Other employee benefits

    total $1,361,213 · program services $1,004,358 · management and general $356,855

  • 10 · Payroll taxes

    total $605,726 · program services $528,006 · management and general $77,720

  • 11a · Fees: management

    total $1,284,273 · management and general $1,284,273

  • 11b · Fees: legal

    total $3,772,864 · management and general $3,772,864

  • 11c · Fees: accounting

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

  • 11f · Fees: investment management

    total $18,906 · management and general $18,906

  • 11g · Fees: other

    total $1,549,501 · program services $930,573 · management and general $618,928

  • 12 · Advertising and promotion

    total $414,739 · management and general $414,739

  • 13 · Office expenses

    total $517,625 · program services $418,528 · management and general $99,097

  • 14 · Information technology

    total $253,522 · management and general $253,522

  • 16 · Occupancy

    total $2,551,224 · program services $2,551,224

  • 17 · Travel

    total $115,341 · program services $21,595 · management and general $93,746

  • 19 · Conferences, conventions and meetings

    total $15,756 · program services $10,943 · management and general $4,813

  • 20 · Interest

    total $8,779,974 · program services $8,779,974

  • 22 · Depreciation, depletion and amortization

    total $8,008,475 · program services $8,008,475

  • 23 · Insurance

    total $250,962 · program services $250,962

  • 24a · Other expenses: PROGRAM FUND EXPENSES

    total $1,516,807 · program services $1,516,807

  • 24b · Other expenses: SUPPLIES

    total $783,625 · program services $413,791 · management and general $369,834

  • 24c · Other expenses: HEALTH CENTER EXPENSE

    total $681,878 · program services $681,878

  • 24d · Other expenses: OTHER FACILITY SERVICE

    total $320,998 · program services $320,998

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,730,040 · end of year $3,370,583

  • 2 · Savings and temporary cash investments

    beginning of year $31,601,860 · end of year $16,779,785

  • 4 · Accounts receivable

    beginning of year $337,896 · end of year $1,309,360

  • 8 · Inventories for sale or use

    beginning of year $152,867 · end of year $337,156

  • 9 · Prepaid expenses and deferred charges

    beginning of year $296,721 · end of year $288,669

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

    $244,016,149

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

    $22,281,882

  • 10c · Land, buildings and equipment, net

    beginning of year $228,982,307 · end of year $221,734,267

  • 15 · Other assets

    beginning of year $9,849,586 · end of year $8,171,970

  • 17 · Accounts payable and accrued expenses

    beginning of year $8,675,592 · end of year $8,238,872

  • 19 · Deferred revenue

    beginning of year $17,968,447 · end of year $19,771,269

  • 20 · Tax-exempt bond liabilities

    beginning of year $146,264,268 · end of year $131,442,141

  • 21 · Escrow or custodial account liability

    beginning of year $2,721,691 · end of year $1,977,575

  • 25 · Other liabilities

    beginning of year $131,439,044 · end of year $159,580,561

  • 27 · Net assets without donor restrictions

    beginning of year -$40,840,963 · end of year -$75,705,455

  • 28 · Net assets with donor restrictions

    beginning of year $6,723,198 · end of year $6,686,827

Mission and programs · 2022

Mission

DEVELOPMENT AND OPERATION OF A COMPREHENSIVE CONTINUING CARE RETIREMENT COMMUNITY FOR THE ELDERLY.

  • THE ORGANIZATION OPERATES A COMPREHENSIVE CONTINUING CARE RETIREMENT COMMUNITY FOR THE ELDERLY.

    Expenses $32,653,162 · Revenue $16,756,427

As filed on the 2022 return.

Listed in Part VII

  • ERIC SHOLTY

    CHAIR

    Total calculated
    $808,195
    From this org
    $0
    From related orgs
    $773,872
    Other
    $34,323
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $674,872 related
    Bonus
    $0 + $99,000 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $34,323 related
    Filer's total
    $0 + $808,195 related

  • ANTHONY SABATINI

    SECRETARY & DIRECTOR

    Total calculated
    $465,982
    From this org
    $0
    From related orgs
    $431,659
    Other
    $34,323
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $369,659 related
    Bonus
    $0 + $62,000 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $34,323 related
    Filer's total
    $0 + $465,982 related

  • THOMAS DOROUGH

    EXECUTIVE DIRECTOR

    Total calculated
    $278,025
    From this org
    $252,387
    From related orgs
    $0
    Other
    $25,638
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $220,560
    Bonus
    $31,827
    Other
    $0
    Deferred
    $25,638
    Nontaxable benefits
    $0
    Filer's total
    $278,025

  • JULIE THOMPSON

    HEALTHCARE ADMINISTRATOR

    Total calculated
    $174,072
    From this org
    $127,757
    From related orgs
    $0
    Other
    $46,315
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $117,997
    Bonus
    $9,760
    Other
    $0
    Deferred
    $25,200
    Nontaxable benefits
    $21,115
    Filer's total
    $174,072

  • TRINISE THOMPSON

    HUMAN RESOURCES DIRECTOR

    Total calculated
    $136,304
    From this org
    $117,105
    From related orgs
    $0
    Other
    $19,199
    Hours/week
    40

  • CINDY LEPAGE

    HC DIRECTOR NURSING

    Total calculated
    $134,419
    From this org
    $103,951
    From related orgs
    $0
    Other
    $30,468
    Hours/week
    40

  • GLENN STEPP

    FACILITY SERVICES DIRECTOR

    Total calculated
    $125,616
    From this org
    $106,417
    From related orgs
    $0
    Other
    $19,199
    Hours/week
    40

  • ALMA ORAPA

    HC REGISTERED NURSE

    Total calculated
    $120,886
    From this org
    $106,923
    From related orgs
    $0
    Other
    $13,963
    Hours/week
    40

  • DOUG WILSON

    TREASURER & SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • VIRGINIA DESANTO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DANIEL DILLON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BOB MAYERS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • JEFF ROBERTS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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
A. COMPENSATION WAS RECOMMENDED BY PACIFIC RETIREMENT SERVICE, INC. AND APPROVED BY MIRABELLA AT ASU'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.

Provenance

Return type
form_990
Tax year
2022
Filed
6 August 2024
IRS schema version
2022v5.0
Source object
202422219349300442

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.