Shoreline Plaza Inc
- Assets
- $2.1m
- Revenue
- $883.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Boise, ID
- Founding
- 11/1983
- Data as of
- 09/2023
- EIN
- 82-0374516
Organization Overview
Shoreline Plaza Inc is located in Boise, ID. The organization was established in 1983. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Shoreline Plaza Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 09/2023, Shoreline Plaza Inc generated $883.4k 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 (10.3%) each year. All expenses for the organization totaled $690.8k during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (13.6%) per year over the past 8 years. 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 DEVELOP, CONSTRUCT, OWN, MAINTAIN, AND OPERATE LOW INCOME HOUSING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SHORELINE PLAZA WAS FORMED FOR THE PURPOSE OF OWNING AND OPERATING AN 80-UNIT LOW-INCOME HOUSING COMPLEX TO PROMOTE AND ADVANCE LOW-RENT HOUSING FOR SENIOR CITIZENS AND OTHER LOWER INCOME PERSONS IN THE CITY OF BOISE, IDAHO, AS PART OF A PROGRAM OF THE HOUSING AUTHORITY OF THE CITY OF BOISE, IDAHO BY, AMONG OTHER THINGS RENDERING FINANCIAL ASSISTANCE TO THE HOUSING AUTHORITY: BY FINANCING AND CONSTRUCTING IN OR NEAR THE CITY OF BOISE, IDAHO, ONE OR MORE BUILDINGS USABLE FOR PUBLIC HOUSING PURPOSES OF THE CITY OR OTHER PURPOSES NOT INCONSISTENT THEREWITH.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deanna L Watson Secretary Treasurer, Exec Director | Officer | 4.4 | $0 |
Diana Meo Finance Director | Officer | 4.4 | $0 |
Julianne Donnelly-Tzul President/board Chair | OfficerTrustee | 1 | $0 |
Katie Vila Vice President/chair | OfficerTrustee | 1 | $0 |
Kent Rock Board Member | Trustee | 1 | $0 |
Tim Flaherty Board Member (from 10/22) | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $81,966 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $81,966 |
| Total Program Service Revenue | $788,271 |
| Investment income | $14,658 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,543 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $883,352 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $123,492 |
| Pension plan accruals and contributions | $21,109 |
| Other employee benefits | $37,334 |
| Payroll taxes | $9,447 |
| Fees for services: Management | $54,435 |
| Fees for services: Legal | $8,190 |
| Fees for services: Accounting | $9,980 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $71 |
| Fees for services: Other | $7,144 |
| Advertising and promotion | $1,158 |
| Office expenses | $2,923 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $48,476 |
| Travel | $2,014 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $95,553 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $77,145 |
| Insurance | $55,693 |
| All other expenses | $462 |
| Total functional expenses | $690,802 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20 |
| Savings and temporary cash investments | $938,417 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $20,365 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $7,929 |
| Net Land, buildings, and equipment | $901,501 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $239,358 |
| Total assets | $2,107,590 |
| Accounts payable and accrued expenses | $64,026 |
| Grants payable | $0 |
| Deferred revenue | $4,350 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $19,606 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,781,903 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $29,997 |
| Total liabilities | $2,899,882 |
| Net assets without donor restrictions | -$792,292 |
| Net assets with donor restrictions | $0 |
| 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 | $2,107,590 |