NonprofitsSeaview Lutheran Plaza Inc

Housing & Shelter

Seaview Lutheran Plaza Inc

CORONA DL MAR, CA

Total revenue

$872K

Total expenses

$3.4M

Net assets

$42.6M

Grants received

EIN

953161421

Tax year

2024

Mission

On july 31,2021, the organization sold the housing project and proceeds from sale ofproperty will be used to further the mission of the associated church. The organization plans to distribute (over a number of years) all proceeds to various associated churches and other non-profit organization that meets the mission of theorganization.

Programs

1 program

The organization and its sole pass through entity - 1521 foundation, llc has beenorganized to provide financial assistance and support to various churches andnon-profit organizations that share the same vision and charitable nature. Fundsneeded to achieve this mission come from proceeds from the sale of the housing project seaview lutheran plaza, inc., owned and sold in july 2021 alongwith with theinvestment income it earns from its principal investment in these accounts. Theorganization plans to distribute (over a number of years) all proceeds to variousreligious,charitable and / or scientific non-profit organizations.

Expenses: $98K

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue
Investment income$871K
Other revenue$193
Total revenue$872K

Expenses

Grants paid$2.9M
Salaries & benefits$231K
Fundraising
Other expenses$235K
Total expenses$3.4M
Total assets$42.6M
Net assets$42.6M

People

10 listed

NameRoleCompensation

ERIC SATERMO

President

Board

$150K

2 hrs/wk

BRENT GORDON

Foundation Mgr.

Board

$19K

0

DOROTHEA SUE SILAVS

Treasurer

Board

$17K

1 hrs/wk

REV MARK C ANDERSON

Foundation Mgr.

Board

$17K

0

JULIE R LELO

Foundation Mgr.

Board

$14K

0

LOUISE SAWYER

Director

Board

$14K

0

RAY FLASKAMPER

Vice President

Board

0.5 hrs/wk

PAMELA JEAN PLATZ

Secretary

Board

0.5 hrs/wk

GARY ABRAHAM

Director

Board

0

DARIN SHEEK

Director

Board

0

Details

EIN953161421
NTEE codeL22Z
Subsection03
Ruling date1980-03
Formed1976
Employees0
SEAVIEW LUTHERAN PLAZA INC — Mission, Financials & Grants Received | Grantivo