North Tahoe Building Corporation 875 National Ave
- Assets
- $1.7m
- Revenue
- $69.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Tahoe Vista, CA
- Founding
- 08/1989
- Data as of
- 06/2022
- EIN
- 68-0131105
Organization Overview
North Tahoe Building Corporation 875 National Ave is located in Tahoe Vista, CA. The organization was established in 1989. According to its NTEE Classification (W11) the organization is classified as: Single Organization Support, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Tahoe Building Corporation 875 National Ave 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 06/2022, North Tahoe Building Corporation 875 National Ave generated $69.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (10.3%) each year. All expenses for the organization totaled $69.5k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (10.3%) per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
NORTH TAHOE BUILDING CORPORATION HAS AN INSTALLMENT SALE AGREEMENT WITH THE NORTH TAHOE PUBLIC UTILITY DISTRICT FOR THE AMOUNT OF $4.5 MILLION DOLLARS FOR THE PURPOSE OF FINANCING THE COSTS OF THE DISTRICT'S WATER SYSTEM. THE DISTRICT IS RESPONSIBLE FOR OPERATIONS AND MANAGEMENT AS PER THE INSTALLMENT SALE AGREEMENT. INSTALLMENT PAYMENTS ARE MADE BY THE DISTRICT SEMIANNUALLY INCLUDING INTEREST AS SET IN THE AGREEMENT. PRINCIPAL REPAYMENT BEGINS IN AUGUST 2013 AND CONCLUDES ON FEBRUARY 1, 2026. THE NORTH TAHOE BUILDING CORPORATIONS SOLE PURPOSE IS TO PROVIDE FINANCING FOR THE DISTRICT'S PROJECTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THIS ENTITY PROVIDES CONSTRUCTION FINANCING FOR NORTH TAHOE PUBLIC UTILITY DISTRICT, A 501(C)(1) ORGANIZATION. THIS ENTITY ISSUES DEBT AND RECEIVES PRINCIPAL AND INTEREST FROM THE OPERATING ENTITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Phil Thompson Secretary | OfficerTrustee | 2.5 | $0 |
Alex Mourelatos Vice President | OfficerTrustee | 2.5 | $0 |
Sarah Coolidge President | OfficerTrustee | 2.5 | $0 |
Vanetta N Van Cleave CFO | Officer | 0 | $0 |
Danielle Hughes Board Member | Trustee | 2.5 | $0 |
Susan Daniels Board Member | Trustee | 2.5 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $69,498 |
| 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 | $69,498 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $69,498 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $69,498 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $26,911 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,635,108 |
| Total assets | $1,662,019 |
| Accounts payable and accrued expenses | $26,911 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $1,249,993 |
| Escrow or custodial account liability | $0 |
| 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 | $385,115 |
| Total liabilities | $1,662,019 |
| Net assets without donor restrictions | $0 |
| 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 | $1,662,019 |
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Mendocino County Public Facilities Corporation Ukiah, CA | $38,712,393 | $1,864,827 |
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