Chapala Street Investments Inc
- Assets
- $0.0
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Seattle, WA
- Founding
- Data as of
- 12/2016
- EIN
- 26-0831353
Organization Overview
Chapala Street Investments Inc is located in Seattle, WA.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2016
Describe the Organization's Program Activity:
Part 3
FUNDING MORTGAGE LOAN THROUGH CONSTRUCTION DRAWS AND CHARGING INTEREST FOR THE LOAN. THE LOAN WAS BEING USED TO DEVELOP A CONDOMINIUM PROJECT. THE DEVELOPER WAS UNABLE TO COMPLETE THE PROJECT DURING THE 2007-2008 FINANCIAL CRISIS. THE JUNIOR LENDER FORECLOSED ON THE PROJECT AND IT WAS SOLD. ALL NET PROCEEDS WERE TURNED OVER TO THE CSI, INC., THE SENIOR LENDER. PROCEEDS REDUCED THE LOAN BALANCE. THE REMAINING BALANCE LESS FUNDS RECEIVEABLE FROM AN INSURANCE CLAIM, WERE WRITTEN OFF AS A BAD DEBT LOSS IN A PRIOR YEAR.
FUNDING MORTGAGE LOAN THROUGH CONSTRUCTION DRAWS AND CHARGING INTEREST FOR THE LOAN. THE LOAN WAS BEING USED TO DEVELOP A CONDOMINIUM PROJECT. THE DEVELOPER WAS UNABLE TO COMPLETE THE PROJECT DURING THE 2007-2008 FINANCIAL CRISIS. THE JUNIOR LENDER FORECLOSED ON THE PROJECT AND IT WAS SOLD. ALL NET PROCEEDS WERE TURNED OVER TO THE CSI, INC., THE SENIOR LENDER. PROCEEDS REDUCED THE LOAN BALANCE. THE REMAINING BALANCE LESS FUNDS RECEIVEABLE FROM AN INSURANCE CLAIM, WERE WRITTEN OFF AS A BAD DEBT LOSS IN A PRIOR YEAR.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cory Carlson Ceo/president | 1 | $0 | |
Russell J Smith Secretary/treasurer | 1 | $0 | |
Patrick S Malley Vice President | 1 | $0 | |
James Hummer Vice President | 1 | $0 | |
Tup Fisher Vice President | 1 | $0 | |
Cory Carlson Ceo/president | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $0 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $0 |
| Total expenses | $0 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Total liabilities | $0 |
| Net assets or fund balances | $0 |