Lakeshore Avenue Business Improvement District

EIN: 943287252 Community Improvement

Oakland, CA

Total Revenue
$246,921
Total Expenses
$208,719
Total Assets
$49,009
Net Assets
$48,180
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
CA
Principal Officer
Kelsey Heath
Phone
5302105854
Tax Period
2025-01-01 to 2025-12-31

Lakeshore Avenue Business Improvement District, founded in 1999, is a small nonprofit in the Community Improvement sector that reported $247K in total revenue in fiscal year 2025. The organization ran a surplus of $38K, a strong 15% operating margin.

Mission

The organization's efforts enhance the attractiveness of the business district to shoppers and merchants through its maintenance, beautification and security programs.

Program Service Accomplishments

Program 1
Expenses: $192,033 Revenue: $245,109

The Lakeshore Avenue Business Improvement District exists to promote the Lakeshore Avenue business district through beautification programs and promote convenience and security for shoppers.

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $1,200
Program Service Revenue $245,109
Investment Income $612
Other Revenue $0
TOTAL REVENUE $246,921

Expense Breakdown

Grants Paid $0
Salaries & Benefits $22,343
Fundraising Expenses $1,286
Program Expenses $192,033
Other Expenses $186,376
TOTAL EXPENSES $208,719

Year-over-Year Comparison

2025 2024 Change
Revenue $246,921 $235,378 +0.0%
Expenses $208,719 $251,833 -0.2%
Net Income $38,202 $-16,455 -3.3%
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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Governance

Voting Members
9
Independent Members
9
Employees
N/A
Volunteers
58

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
8
$22,343
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Racheal Knight-Scott Co-Director 7.00
Officer
$13,387 $0 $13,387
Carol Knight Co-Director 7.00
Officer
$8,956 $0 $8,956
Victoria Fong Co-President 1.00
Officer Director
$0 $0 $0
Barry Gilbert Co-President 1.00
Officer Director
$0 $0 $0
Phing Yamamoto Vice President 1.00
Officer Director
$0 $0 $0
Kelsey Heath Secretary/Pres. 4.00
Officer Director
$0 $0 $0
Theresa Ellis Treasurer 4.00
Officer Director
$0 $0 $0
Marissa Betts Sec/Member 1.00
Officer Director
$0 $0 $0
Joe Hawkins Merchant Repres 1.00
Director
$0 $0 $0
Walter Chui Merchant Repres 1.00
Director
$0 $0 $0
Ilana Friedkin Board Member 1.00
Director
$0 $0 $0
Brad Banker Board Member 1.00
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
2025 $246,921 $208,719 $49,009 $38,202
2024 $235,378 $251,833 $11,613 $-16,455
2023 $209,557 $200,101 $50,490 $9,456
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