Schoolhouse Lane Apartments Inc
- Assets
- $235.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- San Luis Obispo, CA
- Founding
- 07/1997
- Data as of
- 12/2021
- EIN
- 77-0432811
Organization Overview
Schoolhouse Lane Apartments Inc is located in San Luis Obispo, CA. The organization was established in 1997. 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. Schoolhouse Lane Apartments 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 12/2021, Schoolhouse Lane Apartments Inc generated $7.5k 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 (9.4%) each year. All expenses for the organization totaled $7.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (9.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
TO PROVIDE AFFORDABLE HOUSING AS THE GENERAL PARTNER IN SCHOOLHOUSE LANE APARTMENTS LIMITED PARTNERSHIP, A CALIFORNIA LIMITED PARTNERSHIP, WHICH OWNS AND OPERATES SCHOOLHOUSE LANE APARTMENTS, A 24-UNIT AFFORDABLE HOUSING COMPLEX LOCATED IN CAMBRIA, CA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yesenia Beas Director | 1 | $0 | |
Nick Tompkins Director | 1 | $0 | |
Sonia Kroth Director | 1 | $0 | |
Jose Flores Director | 1 | $0 | |
Paula Johnson Director | 1 | $0 | |
Dieter Eckert Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $7,500 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $7,500 |
| 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 | $7,547 |
| Total expenses | $7,547 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $0 |
| Other assets | $0 |
| Total assets | $235,582 |
| Total liabilities | $30,848 |
| Net assets or fund balances | $204,734 |
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