| Business Summary | | Oriole
Homes
Corp.
builds
and
sells
single-family
homes,
patio
homes,
townhomes,
villas,
duplexes
and
low
and
mid-rise
condominiums,
principally
in
southeast
Florida.
The
Company
is
a
leader
in
the
"active
adult"
(age
55
and
over)
market
in
south
Florida.
In
2000,
approximately
92%
of
the
Company's
home
sales
were
derived
from
sales
of
homes
in
communities
designed
exclusively
for
active
adults.
In
2000,
homes
in
the
Company's
active
adult
communities
sold
at
prices
that
ranged
from
$100,000
to
$205,000.
Approximately
51%
of
these
sales
were
for
cash.
During
the
year
ended
December
31,
2000,
the
average
sales
price
for
homes
delivered
by
the
Company
was
$163,700. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Oriole
Homes
Corp.
builds
and
sells
condominiums,
single
family
homes,
patio
homes,
townhouses,
villas
and
duplexes
in
planned
communities
located
in
southeast
Florida.
For
the
six
months
ended
6/30/01,
total
revenues
rose
75%
to
$53.2
million.
Net
loss
fell
16%
to
$2
million.
Revenues
reflect
an
increase
in
the
number
of
homes
delivered
and
higher
average
selling
prices.
Lower
loss
were
partially
offset
by
higher
operating
expenses
as
a
%
of
sales. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY2000 Pay | |
| Richard Levy, 71 Chairman,
CEO | $263K | Mark Levy, 48 Pres,
COO | 275K | Harry Levy, 67 Vice
Chairman, Sec. | 170K | Joseph Pivinski, 53 VP
of Fin., Treasurer and CFO | 139K | Michael Rich, 54 VP
of Sales and Marketing | 200K | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|