Lorin Station Inc
- Assets
- $608.5k
- Revenue
- $175.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Richmond, CA
- Founding
- 11/1992
- Data as of
- 12/2022
- EIN
- 94-3147136
Organization Overview
Lorin Station Inc is located in Richmond, CA. The organization was established in 1992. 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. Lorin Station 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 12/2022, Lorin Station Inc generated $175.3k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $322.6k during the year ending 12/2022. While expenses have increased by 1.1% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
TO PROVIDE HOUSING FOR LOW-INCOME PERSONS, WHERE NO ADEQUATE HOUSING EXISTS FOR SUCH GROUPS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CORPORATION OWNS AND OPERATES A MIXED-USE APARTMENT COMPLEX CONSISTING OF 14 RESIDENTIAL UNITS FOR VERY LOW AND LOW INCOME RESIDENTS AND COMMERCIAL SPACE IN BERKELEY, CALIFORNIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Landon Williams Chairman | OfficerTrustee | 1 | $0 |
Jamal Williams Secretary | OfficerTrustee | 1 | $0 |
Ora Williams Member | Trustee | 1 | $0 |
Jean Belva Newson Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $27,609 |
| 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 | $27,609 |
| Total Program Service Revenue | $148,524 |
| Investment income | $4 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$809 |
| 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 | $175,328 |
| 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 | $49,294 |
| Pension plan accruals and contributions | $576 |
| Other employee benefits | $6,687 |
| Payroll taxes | $3,994 |
| Fees for services: Management | $8,400 |
| Fees for services: Legal | $1,090 |
| Fees for services: Accounting | $9,696 |
| 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 | $3,122 |
| Information technology | $2,994 |
| Royalties | $0 |
| Occupancy | $241,081 |
| Travel | $121 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $37,844 |
| Insurance | $155 |
| All other expenses | -$75,545 |
| Total functional expenses | $322,588 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,637 |
| Savings and temporary cash investments | $48,978 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,438 |
| 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 | $2,247 |
| Net Land, buildings, and equipment | $466,012 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $66,147 |
| Total assets | $608,459 |
| Accounts payable and accrued expenses | $1,685,368 |
| Grants payable | $0 |
| Deferred revenue | $624 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,255,214 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $74,325 |
| Total liabilities | $3,015,531 |
| Net assets without donor restrictions | -$2,407,072 |
| 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 | $608,459 |