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Nonprofiteer
← MIRABELLA AT ASU INC

Form 990 for tax year 2023

Filed by MIRABELLA AT ASU INC.

Totals

Total revenue
$21,788,841
Total expenses
$40,494,633
Contributions and grants received
$329,963
Grants paid
$0
Program service revenue
$20,805,629
Investment income
$236,778
Other revenue
$416,471
Total assets, end of year
$242,619,641
Total liabilities, end of year
$325,589,051
Net assets or fund balances, end of year
-$82,969,410
Program services expenses (Part IX)
$28,478,963
Management and general expenses
$12,015,670
Fundraising expenses
$0
Program service expenses (Part III)
$28,478,963

Program services were 70.3% 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

    $329,963

  • 2a · Program service revenue: SERVICE FEES

    total $15,400,628 · related or exempt $15,400,628

  • 2b · Program service revenue: HEALTH CENTER

    total $2,618,006 · related or exempt $2,618,006

  • 2c · Program service revenue: ENTRANCE FEES

    total $2,234,230 · related or exempt $2,234,230

  • 2d · Program service revenue: OTHER

    total $550,733 · related or exempt $550,733

  • 2e · Program service revenue: LEVEL OF CARE

    total $2,032 · related or exempt $2,032

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

    total $236,778 · excluded $236,778

  • 6a · Gross rents

    real property $6,499

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $6,499

  • 6d · Net rental income or loss

    total $6,499 · excluded $6,499

  • 11a · Other revenue: OTHER NONOPERATING INCOME

    total $409,972 · excluded $409,972

  • 11e · Other revenue, total

    $409,972

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $1,512,844 · management and general $1,512,844

  • 7 · Other salaries and wages

    total $8,058,709 · program services $4,317,830 · management and general $3,740,879

  • 8 · Pension plan contributions

    total $1,249,291 · program services $1,102,016 · management and general $147,275

  • 9 · Other employee benefits

    total $1,256,877 · program services $93,220 · management and general $1,163,657

  • 10 · Payroll taxes

    total $674,357 · management and general $674,357

  • 11a · Fees: management

    total $1,670,693 · management and general $1,670,693

  • 11b · Fees: legal

    total $310,942 · management and general $310,942

  • 11c · Fees: accounting

    total $24,130 · management and general $24,130

  • 11f · Fees: investment management

    total $13,569 · management and general $13,569

  • 11g · Fees: other

    total $1,332,920 · program services $21,183 · management and general $1,311,737

  • 12 · Advertising and promotion

    total $456,856 · program services $28,881 · management and general $427,975

  • 13 · Office expenses

    total $723,898 · program services $395,438 · management and general $328,460

  • 14 · Information technology

    total $27,612 · management and general $27,612

  • 16 · Occupancy

    total $1,943,849 · program services $1,812,662 · management and general $131,187

  • 17 · Travel

    total $105,102 · program services $258 · management and general $104,844

  • 19 · Conferences, conventions and meetings

    total $45,763 · management and general $45,763

  • 20 · Interest

    total $8,998,168 · program services $8,998,168

  • 22 · Depreciation, depletion and amortization

    total $8,074,410 · program services $8,074,410

  • 23 · Insurance

    total $137,911 · program services $137,911

  • 24a · Other expenses: PROGRAM FUND EXPENSES

    total $1,747,712 · program services $1,747,712

  • 24b · Other expenses: HEALTH CENTER EXPENSE

    total $967,387 · program services $967,387

  • 24c · Other expenses: SUPPLIES

    total $773,582 · program services $398,126 · management and general $375,456

  • 24d · Other expenses: OTHER FACILITY SERVICE

    total $388,051 · program services $383,761 · management and general $4,290

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,370,583 · end of year $6,722,069

  • 2 · Savings and temporary cash investments

    beginning of year $16,779,785 · end of year $12,731,806

  • 4 · Accounts receivable

    beginning of year $1,309,360 · end of year $713,497

  • 8 · Inventories for sale or use

    beginning of year $337,156 · end of year $302,070

  • 9 · Prepaid expenses and deferred charges

    beginning of year $288,669 · end of year $295,764

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

    $244,837,744

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

    $30,342,943

  • 10c · Land, buildings and equipment, net

    beginning of year $221,734,267 · end of year $214,494,801

  • 15 · Other assets

    beginning of year $8,171,970 · end of year $7,359,634

  • 17 · Accounts payable and accrued expenses

    beginning of year $8,238,872 · end of year $8,355,540

  • 19 · Deferred revenue

    beginning of year $19,771,269 · end of year $24,435,062

  • 20 · Tax-exempt bond liabilities

    beginning of year $131,442,141 · end of year $118,217,871

  • 21 · Escrow or custodial account liability

    beginning of year $1,977,575 · end of year $7,786,397

  • 25 · Other liabilities

    beginning of year $159,580,561 · end of year $166,794,181

  • 27 · Net assets without donor restrictions

    beginning of year -$75,705,455 · end of year -$89,602,439

  • 28 · Net assets with donor restrictions

    beginning of year $6,686,827 · end of year $6,633,029

Mission and programs · 2023

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 $28,478,963 · Revenue $20,805,629

As filed on the 2023 return.

Listed in Part VII

  • Eric Sholty

    CHAIR

    Total calculated
    $907,739
    From this org
    $0
    From related orgs
    $842,118
    Other
    $65,621
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $733,218 related
    Bonus
    $0 + $108,900 related
    Other
    $0
    Deferred
    $0 + $29,706 related
    Nontaxable benefits
    $0 + $35,915 related
    Filer's total
    $0 + $907,739 related

  • Anthony Sabatini

    DIRECTOR

    Total calculated
    $594,191
    From this org
    $0
    From related orgs
    $522,591
    Other
    $71,600
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $442,591 related
    Bonus
    $0 + $80,000 related
    Other
    $0
    Deferred
    $0 + $33,006 related
    Nontaxable benefits
    $0 + $38,594 related
    Filer's total
    $0 + $594,191 related

  • Thomas Dorough

    EXECUTIVE DIRECTOR

    Total calculated
    $309,385
    From this org
    $265,585
    From related orgs
    $0
    Other
    $43,800
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $221,876
    Bonus
    $43,709
    Other
    $0
    Deferred
    $18,777
    Nontaxable benefits
    $25,023
    Filer's total
    $309,385

  • Trinise Thompson

    HUMAN RESOURCES DIRECTOR

    Total calculated
    $150,073
    From this org
    $124,755
    From related orgs
    $0
    Other
    $25,318
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $119,199
    Bonus
    $5,556
    Other
    $0
    Deferred
    $6,409
    Nontaxable benefits
    $18,909
    Filer's total
    $150,073

  • Glenn Stepp

    FACILITY SERVICES DIRECTOR

    Total calculated
    $115,445
    From this org
    $108,645
    From related orgs
    $0
    Other
    $6,800
    Hours/week
    40

  • Doug Wilson

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Virginia Desanto

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Daniel Dillon

    DIRECTOR (LEFT DURING FISCAL YEAR)

    Total calculated
    $0
    Hours/week
    1

  • Bob Mayers

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Meredith Rentz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • 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
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.

  • PRS MANAGEMENT INC

    C · MANAGEMENT COMPANY · OR

Provenance

Return type
form_990
Tax year
2023
Filed
13 August 2025
IRS schema version
2023v6.0
Source object
202512269349300441

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

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