Overview
What is North Tahoe Building Corporation?
North Tahoe Building Corporation serves as a financing entity, specifically for the North Tahoe Public Utility District, a 501(C)(1) organization. With a primary mission to support the district's projects, it entered into an installment sale agreement for $4.5 million, aimed at financing the district's water system costs. The district has the responsibility for operations and management, making semiannual installment payments that include interest and principal repayment, beginning in August 2013 and concluding on February 1, 2026. This nonprofit corporation operates solely to offer financing solutions for the district's undertakings.
Official website here: www.ntpud.org
What do the Facebook reviews say about North Tahoe Building Corporation?
100% of reviewers on Facebook recommend North Tahoe Building Corporation, with a total of 7 reviews. Here’s a summary of their thoughts:
The overwhelming consensus is that the organization offers exceptional service, with users praising the staff for their remarkable qualities and supportive nature. Reviewers consistently express high levels of satisfaction, highlighting a positive experience when interacting with the team.
Overall, people feel that North Tahoe Building Corporation delivers outstanding service and maintains a strong reputation within the community.
This AI summary has been generated from reviews found on Facebook.
Is North Tahoe Building Corporation legitimate?
North Tahoe Building Corporation is a legitimate nonprofit organization registered as a 501(c)(4) entity. North Tahoe Building Corporation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.ntpud.org
What is the mission statement of North Tahoe Building Corporation?
The North Tahoe Building Corporation's primary role is to offer financing for various projects, with the specific instance being a $4.5 million installment agreement with the North Tahoe Public Utility District for their water system. The district is responsible for managing and operating the system, making semiannual installment payments that include interest, with principal repayment starting in August 2013 and concluding in February 2026. The corporation's sole mission is to serve as a financial facilitator for such projects.
Official website here: www.ntpud.org
Who is the CEO of North Tahoe Building Corporation?
Vanetta N Van Cleave is the Board Member of North Tahoe Building Corporation.
Official website here: www.ntpud.org
What is the revenue of North Tahoe Building Corporation?
North Tahoe Building Corporation's revenue in 2022 was $69,498.
Official website here: www.ntpud.org
Who are the executives of North Tahoe Building Corporation and what are their salaries?
There 5 volunteers at North Tahoe Building Corporation.
Here are 6 key members and their salaries:
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Official website here: www.ntpud.org
Where can I find the form 990 for North Tahoe Building Corporation?
North Tahoe Building Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ntpud.org
Learn more at the official website: www.ntpud.org
Mission Statement of North Tahoe Building Corporation
North Tahoe Building Corporation, as outlined in its mission, exists primarily to provide financing for the projects of the North Tahoe Public Utility District. This financing is facilitated through an installment sale agreement worth $4.5 million, which the district is expected to pay back semiannually, including interest, as stipulated in the agreement. The repayment schedule commenced in August 2013 and is scheduled to conclude on February 1, 2026. The corporation's sole purpose is deeply rooted in its role as a financial facilitator, ensuring the district has the necessary funds to undertake its projects. This mission is instrumental in supporting the district's operations and management, thereby contributing to the overall development and growth of the relevant community.
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Impact
October, 2024
North Tahoe Building Corporation plays a pivotal role in financing essential infrastructure for the North Tahoe Public Utility District, facilitating the effective management of the region's water system. By entering into an installment sale agreement for $4.5 million, it enables the district to cover the costs associated with the water system's operations and improvements. The structured payment plan, with semiannual installments and a definitive repayment period from August 2013 to February 2026, ensures that the district remains accountable for its management of these resources.
Through this arrangement, North Tahoe Building Corporation directly contributes to the public benefit by supporting the reliable delivery of water services to the community. This financial partnership enhances the district's capacity to maintain and improve the water system, ultimately benefiting residents and businesses in Tahoe Vista and surrounding areas. The corporation's commitment to financing vital projects underscores its impact on sustainable infrastructure development in the region.
This information is meant to be a general summary of North Tahoe Building Corporation. 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: $69,498
- Gross Receipts: $69,498
Assets and Liabilities:
- Total Assets: $1,662,019
- Total Liabilities: $1,662,019
- Net Assets: $0
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Organization Details
Phone
(530) 546-4212Principal Officer
Vanetta N Van Cleave
Main Address
PO Box 139, Tahoe Vista, CA, 96148
Website
www.ntpud.orgNTEE Category
Code: W80 - Public benefit
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