1020 Iowa Avenue Inc
- Assets
- $14.0m
- Revenue
- $656.0k
- Investments
- $0.0
- Employees
- 0
- Location
- San Mateo, CA
- Founding
- 10/2001
- Data as of
- 12/2020
- EIN
- 94-3341908
Organization Overview
1020 Iowa Avenue Inc is located in San Mateo, CA. The organization was established in 2001. According to its NTEE Classification (S47) the organization is classified as: Real Estate Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 12/2020, 1020 Iowa Avenue Inc generated $656.0k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.7% each year.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
FORMED TO ACQUIRE AND HOLD TITLE TO PROPERTY IN RIVERSIDE, CA AND TO COLLECT AND REMIT INCOME TO THE SHAREHOLDER, A PENSION PLAN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FORMED TO ACQUIRE AND HOLD TITLE TO PROPERTY IN RIVERSIDE, CA AND TO COLLECT AND REMIT INCOME TO THE SHAREHOLDER, A PENSION PLAN.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert T Perkins Executive Vice President | OfficerTrustee | 1 | $0 |
Garry J Spanner President & Chairman | OfficerTrustee | 1 | $0 |
Erik St Charles Secretary | Officer | 1 | $0 |
Victor T Kwok Chief Financial Officer | Officer | 1 | $0 |
Paula Purcell Executive Vice President | Officer | 1 | $0 |
Byron M Fox Director | Trustee | 1 | $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 | $487 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $654,009 |
| 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 | $655,996 |
| 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 | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $0 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $67,706 |
| Savings and temporary cash investments | $333,902 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $13,784 |
| 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 | $3,026 |
| Net Land, buildings, and equipment | $13,625,000 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $14,043,418 |
| Accounts payable and accrued expenses | $15,606 |
| Grants payable | $0 |
| Deferred revenue | $114,159 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $136,750 |
| Total liabilities | $266,515 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $7,219,028 |
| Paid-in or capital surplus, or land, building, or equipment fund | $5,156,000 |
| Retained earnings, endowment, accumulated income, or other funds | $1,401,875 |
| Total liabilities and net assets/fund balances | $14,043,418 |
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