ROTARY PLAZA INC
433 ALIDA WAY, SO SAN FRANCISCO, CA 94080 www.ssfrotaryplaza.com

Total Revenue
$2,681,062
Total Expenses
$100,050
Net Assets
$40,887,105

Organizations Filed Purposes: TO INVEST IN AFFORDABLE HOUSING AND RELATED SERVICES FOR ELDERLY PERSONS LOCATED IN SOUTH SAN FRANCISCO, CALIFORNIA.

IN JANUARY 2019, THE LOW-INCOME SENIOR HOUSING PROJECT KNOWN AS ROTARY TERRACE OPENED WITH 81 UNITS. FOR ITS ROLE AS CO-DEVELOPER OF THIS PROJECT, ROTARY PLAZA, INC. WILL RECEIVE A $2,055,989 DEVELOPER FEE WHICH WILL BE PAID OVER FIVE YEARS, 2020-2024. IN KEEPING WITH OUR EXEMPT PURPOSE, THIS AMOUNT AND OTHER RETAINED FUNDS ARE BEING HELD FOR FUTURE INVESTMENT IN A NEW LOW-INCOME SENIOR HOUSING PROJECT IN SOUTH SAN FRANCISCO, EXPECTED WITHIN TWO-THREE YEARS.

A GRANT OF $100,000 WAS GIVEN TO THE BOYS & GIRLS CLUBS OF NORTH SAN MATEO COUNTY TO ENABLE THEM TO PURCHASE TWO 15-PASSENGER VANS. THE VANS WILL BE USED TO TRANSPORT STUDENTS FROM THEIR SCHOOLS TO THE CLUBHOUSE IN SOUTH SAN FRANCISCO WHERE THEY PARTICIPATE IN AFTER-SCHOOL ACADEMIC, ATHLETIC AND LIFESTYLE PROGRAMS.

Executives Listed on Filing

Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing

NameTitleHours Per WeekTotal Salary
Matteo RizzoSECRETARY1$0
Michael MassoniDIRECTOR4$0
Pete CarcioneDIRECTOR1$0
Bruce WrightTREASURER2$0
Henry KarnilowiczDIRECTOR1$0
Ed BortoliVICE PRESIDENT4$0
Houston LawrencePRESIDENT1$0

Data for this page was sourced from XML published by IRS (public 990 form dataset) from: https://s3.amazonaws.com/irs-form-990/202003189349302350_public.xml