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← MIRA BELLA

Form 990 for tax year 2024

Filed by MIRA BELLA.

Totals

Total revenue
$36,770,855
Total expenses
$40,211,378
Contributions and grants received
$561,750
Grants paid
$0
Program service revenue
$36,176,993
Investment income
$32,112
Other revenue
$0
Total assets, end of year
$175,209,872
Total liabilities, end of year
$322,796,494
Net assets or fund balances, end of year
-$147,586,622
Program services expenses (Part IX)
$33,563,021
Management and general expenses
$6,648,321
Fundraising expenses
$36
Program service expenses (Part III)
$33,563,021

Program services were 83.5% 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.

  • 1f · All other contributions, gifts and grants

    $561,750

  • 2a · Program service revenue: SERVICE FEES

    total $25,425,436 · related or exempt $25,425,436

  • 2b · Program service revenue: HEALTH CENTER

    total $5,820,530 · related or exempt $5,820,530

  • 2c · Program service revenue: ENTRANCE FEES

    total $3,685,965 · related or exempt $3,685,965

  • 2d · Program service revenue: OTHER PROGRAM REVENUE

    total $1,075,238 · related or exempt $1,075,238

  • 2e · Program service revenue: LEVEL OF CARE

    total $169,824 · related or exempt $169,824

  • 3 · Investment income

    total $9,726 · excluded $9,726

  • 7a · Gross sales of assets other than inventory

    securities $1,014,411

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

    securities $977,543 · other assets $14,482

  • 7c · Gain or loss

    securities $36,868 · other assets -$14,482

  • 7d · Net gain or loss

    total $22,386 · excluded $22,386

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $329,304 · management and general $329,304

  • 6 · Compensation of disqualified persons

    total $12,488,993 · program services $10,990,314 · management and general $1,498,679

  • 8 · Pension plan contributions

    total $253,304 · program services $233,040 · management and general $20,264

  • 9 · Other employee benefits

    total $1,910,461 · program services $1,681,206 · management and general $229,255

  • 10 · Payroll taxes

    total $999,518 · program services $919,557 · management and general $79,961

  • 11a · Fees: management

    total $2,723,996 · management and general $2,723,996

  • 11c · Fees: accounting

    total $12,950 · management and general $12,950

  • 11f · Fees: investment management

    total $746 · management and general $746

  • 11g · Fees: other

    total $1,677,012 · program services $1,502,798 · management and general $174,214

  • 12 · Advertising and promotion

    total $443,348 · management and general $443,348

  • 13 · Office expenses

    total $960,342 · program services $768,227 · management and general $192,115

  • 14 · Information technology

    total $138,171 · management and general $138,171

  • 16 · Occupancy

    total $3,401,377 · program services $3,273,252 · management and general $128,125

  • 17 · Travel

    total $107,689 · management and general $107,689

  • 19 · Conferences, conventions and meetings

    total $33,201 · management and general $33,201

  • 20 · Interest

    total $4,399,313 · program services $4,399,313

  • 22 · Depreciation, depletion and amortization

    total $5,793,770 · program services $5,793,770

  • 23 · Insurance

    total $563,475 · program services $563,475

  • 24a · Other expenses: OTHER DIETARY EXPENSE

    total $1,928,259 · program services $1,928,259

  • 24b · Other expenses: HEALTH CENTER EXPENSE

    total $840,339 · program services $840,339

  • 24c · Other expenses: OTHER FACILITY SERVICE

    total $669,721 · program services $133,418 · management and general $536,303

  • 24d · Other expenses: PROGRAM FUND EXPENSES

    total $536,089 · program services $536,053 · fundraising $36

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,267,044 · end of year $6,393,816

  • 2 · Savings and temporary cash investments

    beginning of year $585,185 · end of year $519,091

  • 4 · Accounts receivable

    beginning of year $993,750 · end of year $3,586,574

  • 8 · Inventories for sale or use

    beginning of year $201,675 · end of year $217,739

  • 9 · Prepaid expenses and deferred charges

    beginning of year $258,050 · end of year $607,011

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

    $262,621,629

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

    $99,315,456

  • 10c · Land, buildings and equipment, net

    beginning of year $161,356,166 · end of year $163,306,173

  • 11 · Investments: publicly traded securities

    beginning of year $1,015,111 · end of year $4,432

  • 15 · Other assets

    beginning of year $626,435 · end of year $575,036

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,673,531 · end of year $3,867,200

  • 19 · Deferred revenue

    beginning of year $22,599,153 · end of year $25,198,018

  • 20 · Tax-exempt bond liabilities

    beginning of year $87,722,858 · end of year $85,896,954

  • 21 · Escrow or custodial account liability

    beginning of year $813,929 · end of year $648,928

  • 25 · Other liabilities

    beginning of year $198,087,159 · end of year $207,185,394

  • 27 · Net assets without donor restrictions

    beginning of year -$145,310,534 · end of year -$148,225,731

  • 28 · Net assets with donor restrictions

    beginning of year $717,320 · end of year $639,109

Mission and programs · 2024

Mission

MIRABELLA SEATTLE IS A VIBRANT, URBAN CONTINUING CARE RETIREMENT COMMUNITY DEDICATED TO ENHANCING THE RETIREMENT EXPERIENCE.

Activities or mission (Part I)

TO PROVIDE COMPREHENSIVE CARE AND HOUSING FOR THE ELDERLY.

  • MIRABELLA 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 $33,563,021 · Revenue $36,176,993

As filed on the 2024 return.

Listed in Part VII

  • TRAVIS DUNCAN

    EXECUTIVE DIRECTOR

    Total calculated
    $283,505
    From this org
    $259,616
    From related orgs
    $0
    Other
    $23,889
    Hours/week
    39 + 1 related

    Schedule J breakdown matched by us

    Base
    $259,616
    Bonus
    $0
    Other
    $0
    Deferred
    $10,368
    Nontaxable benefits
    $13,521
    Filer's total
    $283,505

  • THANH LE

    RN

    Total calculated
    $198,641
    From this org
    $188,726
    From related orgs
    $0
    Other
    $9,915
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $180,793
    Bonus
    $7,933
    Other
    $0
    Deferred
    $1,130
    Nontaxable benefits
    $8,785
    Filer's total
    $198,641

  • DARLENE TAKAHASHI

    DIRECTOR OF NURSING

    Total calculated
    $197,998
    From this org
    $165,933
    From related orgs
    $0
    Other
    $32,065
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $150,693
    Bonus
    $15,240
    Other
    $0
    Deferred
    $17,891
    Nontaxable benefits
    $14,174
    Filer's total
    $197,998

  • DANA EMMATRICE

    MDS COORDINATOR RN

    Total calculated
    $176,257
    From this org
    $158,950
    From related orgs
    $0
    Other
    $17,307
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $155,067
    Bonus
    $3,883
    Other
    $0
    Deferred
    $10,876
    Nontaxable benefits
    $6,431
    Filer's total
    $176,257

  • MAX KUHLMAN

    HEALTH CENTER ADMINISTRATOR

    Total calculated
    $174,488
    From this org
    $162,207
    From related orgs
    $0
    Other
    $12,281
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $153,653
    Bonus
    $8,554
    Other
    $0
    Deferred
    $2,627
    Nontaxable benefits
    $9,654
    Filer's total
    $174,488

  • MICHAEL ALLEN

    SALES AND MARKETING DIRECTOR

    Total calculated
    $162,135
    From this org
    $143,989
    From related orgs
    $0
    Other
    $18,146
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $120,989
    Bonus
    $23,000
    Other
    $0
    Deferred
    $10,106
    Nontaxable benefits
    $8,040
    Filer's total
    $162,135

  • LEE BURNSIDE

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • OLEG ZASLAVSKY

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • RUTH BENFIELD

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • LISA JOHNSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LYNN JOHNSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related

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'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
2024
IRS schema version
2024v5.5
Source object
202642249349302634

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