| Business Summary | | Dover
Investments
Corp.
engages
primarily
in
residential
real
estate
development.
The
Company
often
works
with
Westco
Community
Builders,
Inc.
(WCB),
a
California
corporation,
which,
for
a
fee,
manages
the
construction
and
development
of
the
Company's
real
estate.
The
Company
and
WCB
have
formed
one
California
general
partnership,
Glenbriar
Joint
Venture,
and
three
California
limited-liability
companies,
Glenbriar
Venture
#2,
LLC,
Tracy
Residential
Venture
Partners,
LLC
and
Meadowbrook
Ventures,
LLC
(collectively,
the
Developers)
for
development
of
the
Glenbriar
Estates
project.
The
Company
and
WCB
have
also
formed
two
additional
California
limited-liability
companies:
South
Tracy
Industrial
Park,
LLC
(STIP)
for
development
of
the
South
Tracy
Industrial
Park
project
and
Halcyon
Properties,
LLC
for
development
of
the
San
Leandro
project. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Dover
Investments
Corporation
engages
primarily
in
residential
real
estate
development.
For
the
six
months
ended
6/30/01,
revenues
decreased
48%
to
$12.9
million.
Net
income
fell
44%
to
$1.7
million.
Revenues
reflect
a
decrease
in
the
number
of
closed
home
sales,
the
absence
of
lot
sales
and
the
completion
of
development
of
the
Marina
Vista
project.
Net
income
also
reflects
increased
staffing,
salaries
and
professional
fees. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY2000
Compensation | | Pay | Exer | |
| Lawrence Weissberg, 80 Chairman,
CEO, Pres | $568K | $156K | Erika Kleczek, 58 Principal
Financial Officer, Treasurer, Sec. | 162K | 11K | 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.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|