Overview
What is Shorepines Bay Village Properties Inc?
Shorepines Bay Village Properties Inc is a 501(C)(2) real estate title holding company situated in Coos Bay, Oregon. Their primary mission is to manage the daily rental activities of a 79-acre manufactured home park, specifically collecting and remitting rental receipts to its sole member, The Eugene and Marlaina Johnston Charitable Foundation, Inc. This nonprofit organization, with a team of 8 employees, aims to provide net rental receipts through the management of this property, contributing to the charitable foundation's goals.
Is Shorepines Bay Village Properties Inc legitimate?
Shorepines Bay Village Properties Inc is a legitimate nonprofit organization registered as a 501(c)(2) entity. Shorepines Bay Village Properties Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $112,826
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Shorepines Bay Village Properties Inc?
Shorepines Bay Village Properties Inc, as a 501(C)(2) real estate title holding company, is dedicated to managing the rental activities of its property. The primary objective is to collect rental income from its 79-acre Shorepines Bay Village Manufactured Home Park and subsequently remit these receipts to its sole member, an unnamed charitable foundation. The company's mission is rooted in the effective management of daily rental operations, with the ultimate goal of generating net rental income for its beneficiary foundation.
Who is the CEO of Shorepines Bay Village Properties Inc?
Paul Felker is the Secretary of Shorepines Bay Village Properties Inc. The CEO's salary of Shorepines Bay Village Properties Inc is $64,826 and their total compensation is $64,826.
What is the revenue of Shorepines Bay Village Properties Inc?
Shorepines Bay Village Properties Inc's revenue in 2022 was -$10,201.
Who are the executives of Shorepines Bay Village Properties Inc and what are their salaries?
The average compensation at Shorepines Bay Village Properties Inc during 2022 was $14,103. There are 8 employees at Shorepines Bay Village Properties Inc.
Here are 3 key members and their salaries (Shorepines Bay Village Properties Inc's CEO's salary is $64,826 and their total compensation is $64,826):
- Compensation: $64,826
- Related: $0
- Other: $0
- Compensation: $27,679
- Related: $0
- Other: $0
- Compensation: $24,000
- Related: $0
- Other: $0
Where can I find the form 990 for Shorepines Bay Village Properties Inc?
Shorepines Bay Village Properties Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Shorepines Bay Village Properties Inc
Shorepines Bay Village Properties Inc, as a 501(C)(2) real estate title holding company, is dedicated to managing its rental activities. The primary objective of this organization is to collect and remit rental receipts derived from its rental real estate to its sole member, The Eugene and Marlaina Johnston Charitable Foundation, Inc. By managing the daily operations of the Shorepines Bay Village Manufactured Home Park, Shorepines Bay Village Properties Inc aims to generate net rental income that can be disbursed to its beneficiary foundation. This mission underscores the company's role in ensuring the smooth operation and financial sustainability of its rental property, with the ultimate goal of contributing to the philanthropic endeavors of its sole member.
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Impact
October, 2024
Shorepines Bay Village Properties Inc significantly contributes to the local community through its management of the Shorepines Bay Village Manufactured Home Park, a 79-acre rental property in Coos Bay, Oregon. By overseeing the daily rental activities, the organization ensures a steady stream of rental receipts that are directed to its sole member, The Eugene and Marlaina Johnston Charitable Foundation, Inc. This structure not only facilitates the effective management of the property but also enhances community well-being by providing financial support for charitable initiatives.
The organization plays a pivotal role in maintaining affordable housing options within the community, promoting stability for residents, and fostering a sense of belonging. By managing the rental activities efficiently, Shorepines Bay Village Properties Inc helps sustain the livelihood of local families while generating funds that can be reinvested into community improvement projects. Its impact extends beyond mere property management, contributing to the overall enhancement of the quality of life in the area.
This information is meant to be a general summary of Shorepines Bay Village Properties Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $1,871
- Gross Receipts: $1,615,703
Assets and Liabilities:
- Total Assets: $6,299,072
- Total Liabilities: $3,120
- Net Assets: $6,295,952
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Organization Details
Founding Year
2011
Phone
(541) 888-1005Principal Officer
Paul Felker
Main Address
1695 Ocean Blvd NW, Coos Bay, OR, 97420
NTEE Category
Code: S50 - Community improvement
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