Mira Bella
- Assets
- $181.4m
- Revenue
- $30.1m
- Investments
- $854.1k
- Employees
- 397
- Location
- Seattle, WA
- Founding
- 04/2006
- Data as of
- 09/2023
- EIN
- 34-2030255
Organization Overview
Mira Bella is located in Seattle, WA. The organization was established in 2006. 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 09/2023, Mira Bella employed 397 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mira Bella is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2023, Mira Bella generated $30.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.3%) each year. All expenses for the organization totaled $38.1m during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE COMPREHENSIVE CARE AND HOUSING FOR THE ELDERLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Travis Duncan Executive Director | Officer | 39 | $255,162 |
Semere Hailemariam Registered Nurse | 40 | $219,677 | |
Fiori Bariagabir Registered Nurse | 40 | $177,887 | |
Jesan Frazier Director Nursing Services | 40 | $141,216 | |
Gail Carter-Lindberg Human Resources Director | 40 | $130,613 | |
Michael Allen Sales And Marketing Director | 40 | $125,482 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jtm Construction Construction | 9/29/23 | $347,829 |
Prs Management Management Services | 9/29/23 | $219,605 |
Umc Professional Services | 9/29/23 | $169,615 |
Prime Time Healthcare Professional Services | 9/29/23 | $133,542 |
Volante Software Inc Software Services | 9/29/23 | $145,009 |
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 | $445,614 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $445,614 |
| Total Program Service Revenue | $30,049,643 |
| Investment income | $206,729 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $75,081 |
| Net Gain/Loss on Asset Sales | -$660,411 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $30,116,656 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $268,396 |
| Compensation of current officers, directors, key employees. | $268,396 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,363,817 |
| Pension plan accruals and contributions | $382,115 |
| Other employee benefits | $1,627,077 |
| Payroll taxes | $903,823 |
| Fees for services: Management | $1,948,507 |
| Fees for services: Legal | $161,126 |
| Fees for services: Accounting | $18,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $17,532 |
| Fees for services: Other | $1,911,205 |
| Advertising and promotion | $374,796 |
| Office expenses | $859,830 |
| Information technology | $353,214 |
| Royalties | $0 |
| Occupancy | $2,614,663 |
| Travel | $159,688 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $29,695 |
| Interest | $4,685,815 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,330,216 |
| Insurance | $407,188 |
| All other expenses | $0 |
| Total functional expenses | $38,098,973 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,583,639 |
| Savings and temporary cash investments | $582,429 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,337,884 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $198,581 |
| Prepaid expenses and deferred charges | $445,284 |
| Net Land, buildings, and equipment | $164,588,592 |
| Investments—publicly traded securities | $2,717,087 |
| Investments—other securities | $854,055 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,068,781 |
| Total assets | $181,376,332 |
| Accounts payable and accrued expenses | $2,517,759 |
| Grants payable | $0 |
| Deferred revenue | $19,627,940 |
| Tax-exempt bond liabilities | $89,493,527 |
| Escrow or custodial account liability | $498,929 |
| 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 | $202,209,436 |
| Total liabilities | $314,347,591 |
| Net assets without donor restrictions | -$133,638,029 |
| Net assets with donor restrictions | $666,770 |
| 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 | $181,376,332 |