Seal Beach Shores Inc

Organization Overview

Seal Beach Shores Inc is located in Seal Beach, CA. The organization was established in 2008. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. As of 12/2020, Seal Beach Shores Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Seal Beach Shores Inc 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 12/2020, Seal Beach Shores Inc generated $956.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.6%) each year. All expenses for the organization totaled $862.0k during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE HOUSING FOR LOW TO MODERATE INCOME HOUSEHOLDS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE CORPORATION PROVIDES RESIDENTS WITH THE OPPORTUNITY TO RENT THE LAND UPON WHICH THE RESIDENT PLACES A MOBILEHOME UNIT. THE RESIDENT THEN RENTS THE LAND AND THE RIGHT TO USE DEFINED "COMMON AREAS- AND AMENITIES FROM THE CORPORATION. THE CORPORATION PROVIDES THIS TYPE OF HOUSING IN THE FORM OF LOW RENT AND IN COOPERATION OF VAROUS GOVERNMENT AND LOCAL HOUSING PROGRAMS.


THE CORPORATION PROVIDES RESIDENTS WITH THE OPPORTUNITY TO RENT THE LAND UPON WHICH THE RESIDENT PLACES A MOBILEHOME UNIT. THE RESIDENT THEN RENTS THE LAND AND THE RIGHT TO USE DEFINED "COMMON AREAS- AND AMENITIES FROM THE CORPORATION. THE CORPORATION PROVIDES THIS TYPE OF HOUSING IN THE FORM OF LOW RENT AND IN COOPERATION OF VAROUS GOVERNMENT AND LOCAL HOUSING PROGRAMS.


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Board, Officers & Key Employees

Name (title)Compensation
Shane Elder
Vice-Preside
$0
Bryan Morford
Treasurer
$0
Adela Rose
Secretary
$0
Ken Williams
President
$0
John Narz
Director
$0

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$53,466
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$53,466
Total Program Service Revenue$885,511
Investment income $2,775
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $956,682

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