Shoreline Plaza Inc
- Assets
- $1.9m
- Revenue
- $797.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Boise, ID
- Founding
- 11/1983
- Data as of
- 09/2021
- 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 09/2021, Shoreline Plaza Inc generated $797.2k 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 (14.9%) each year. All expenses for the organization totaled $606.5k during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (19.5%) per year over the past 6 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
2021
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Raquel Guglielmetti Board Chair | OfficerTrustee | 1 | $0 |
Kent Rock Board Vice Chair | OfficerTrustee | 1 | $0 |
Diana Meo Finance Director | Officer | 4.4 | $0 |
Deanna L Watson Secretary/executive Director | Officer | 4.4 | $0 |
Jennifer Seamon Board Member | Trustee | 1 | $0 |
Gary Machacek Board Member (left 10/2020) | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $68,236 |
| 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 | $68,236 |
| Total Program Service Revenue | $729,098 |
| Investment income | $736 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$871 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $797,199 |
| 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 | $106,904 |
| Pension plan accruals and contributions | $16,160 |
| Other employee benefits | $27,992 |
| Payroll taxes | $8,856 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,036 |
| Fees for services: Accounting | $9,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5 |
| Fees for services: Other | $54,574 |
| Advertising and promotion | $946 |
| Office expenses | $2,382 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $47,859 |
| Travel | $1,058 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $99,367 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $62,089 |
| Insurance | $51,083 |
| All other expenses | $732 |
| Total functional expenses | $606,510 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20 |
| Savings and temporary cash investments | $637,906 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,997 |
| 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 | $46,283 |
| Net Land, buildings, and equipment | $1,011,579 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $201,156 |
| Total assets | $1,903,941 |
| Accounts payable and accrued expenses | $40,852 |
| Grants payable | $0 |
| Deferred revenue | $5,359 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $20,427 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,898,702 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $20,552 |
| Total liabilities | $2,985,892 |
| Net assets without donor restrictions | -$1,081,951 |
| 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 | $1,903,941 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Plymouth Housing Group Seattle, WA | $309,732,107 | $48,610,871 |
Reach Community Development Inc Portland, OR | $100,210,196 | $29,644,026 |
Archdiocesan Housing Authority Seattle, WA | $126,256,041 | $25,902,954 |
Herons Key Redmond, WA | $136,208,870 | $21,024,453 |
Oregon Coast Community Action Coos Bay, OR | $16,109,030 | $18,585,692 |
Habitat For Humanity Portland Metro East Portland, OR | $35,667,707 | $17,313,274 |
Oregon Affordable Housing Assistance Corporation Salem, OR | $27,410,918 | $14,226,353 |
Habitat For Humanity International Renton, WA | $48,435,558 | $16,565,200 |
Umpqua Community Development Corporation Roseburg, OR | $52,044,965 | $9,776,284 |
Northwest Real Estate Capital Corporation Boise, ID | $42,438,639 | $10,028,848 |
Western Region Nonprofit Housing Corporation Salt Lake City, UT | $76,676,954 | $12,236,656 |
Bienestar Inc Hillsboro, OR | $44,494,101 | $8,073,400 |