SHORECLIFFS TERRACE INC C/O PROACT… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1992

Legal Domicile

Principal Officer

ROBERT LOFTUS

Phone

9493469999

Tax Period

2023-01-01 to 2023-12-31

SHORECLIFFS TERRACE INC C/O PROACTIVE, founded in 1992, is a community nonprofit in the Housing & Shelter sector that reported $1.1M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

THE SPECIFIC AND PRIMARY PURPOSES OF THE ASSOCIATION ARE TO BRING CIVIC BETTERMENTS AND SOCIAL IMPROVEMENTS BY PROVIDING FOR THE PRESERVATION OF THE ARCHITECTURE AND APPEARANCE OF THE COMMUNITY BY OWNING, OPERATING AND MAINTAINING THE PROPERTIES FOR USE OF ALL RESIDENTS.

Program Service Accomplishments

Program 1

Expenses: $751,360 Revenue: $286,975

THE ASSOCIATION PROVIDES FOR THE PRESERVATION AND MAINTENANCE OF ARCHITECTURE, GREENBELTS, SLOPES, LIGHT FIXTURES, SIGNAGE IN THE PLANNED COMMUNITY IN THE CITY OF SAN CLEMENTE, CALIFORNIA. IT...

THE ASSOCIATION PROVIDES FOR THE PRESERVATION AND MAINTENANCE OF ARCHITECTURE, GREENBELTS, SLOPES, LIGHT FIXTURES, SIGNAGE IN THE PLANNED COMMUNITY IN THE CITY OF SAN CLEMENTE, CALIFORNIA. IT REGULARLY, THROUGH ITS MAINTENANCE AND PRESERVATION ACTIVITIES, PROVIDES FOR CIVIC BETTERMENTS AND SOCIAL IMPROVEMENTS WHICH PROMOTE THE COMMON GOOD, HEALTH, SAFETY AND GENERAL WELFARE OF THE LOCAL COMMUNITY AND THE PUBLIC AT LARGE.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $791,754

Program Service Revenue $130,296

Investment Income $36,880

Other Revenue $123,139

TOTAL REVENUE $1,082,069

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $751,360

Other Expenses $1,052,929

TOTAL EXPENSES $1,052,929

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,082,069	$984,175	+0.1%
Expenses	$1,052,929	$969,407	+0.1%
Net Income	$29,140	$14,768	+1.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
G MACK WESNER	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
ROBERT LOFTUS	PRESIDENT	5.00	Officer Director	$0	$0	$0
ADDELLE HUTAK	TREASURER	5.00	Officer Director	$0	$0	$0
RITA DEFORREST	SECRETARY	5.00	Officer Director	$0	$0	$0
ROGER HUDSON	DIRECTOR AT LARGE	5.00	Director	$0	$0	$0
SUSAN NEWTON	DIRECTOR AT LARGE	5.00	Director	$0	$0	$0
WARREN THURN	DIRECTOR AT LARGE	5.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$1,082,069	$1,052,929	$1,063,920	$29,140
2022	$984,175	$969,407	$1,061,671	$14,768
2021	$802,896	$914,888	$1,142,355	$-111,992
2020	$1,254,720	$1,233,014	$1,115,419	$21,706
2018	$1,094,188	$1,087,723	$1,235,608	$6,465

SHORECLIFFS TERRACE INC C/O PROACTIVE