| Business Summary | | Calprop
Corporation
designs,
constructs
and
sells
single-family
detached
homes
and
townhomes
as
part
of
condominiums
or
planned
unit
developments
in
California
and
Colorado.
The
Company
selects
and
acquires
the
site,
secures
construction
financing
and
constructs
and
sells
homes.
Calprop
also
sells
improved
lots
in
California
and
Colorado.
The
Company
selects
projects
of
varying
types
in
several
local
markets
in
an
effort
to
reduce
the
risks
inherent
in
the
residential
housing
industry.
The
Company
does
not
generally
finance
the
purchase
of
its
homes,
but
has
done
so
in
the
past
to
facilitate
sales
and
may
do
so
in
the
future
to
the
extent
it
is
feasible,
if
market
conditions
require
such
financing.
In
addition
to
the
continuing
emphasis
on
single-family
construction,
the
Company
also
develops
raw
land
through
the
planning,
zoning
and
entitlement
process. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Calprop
Corp.
designs,
constructs
and
sells
single
family
detached
and
attached
homes
and
townhomes
as
part
of
condominiums
or
planned
unit
devolopments
in
CA.
For
the
six
months
ended
6/30/01,
revenues
totaled
$50.4
million,
up
from
$17.8
million.
Net
income
totaled
$3.1
million
vs.
a
loss
of
$378
thousand.
Revenues
reflect
increased
volume
of
completed
homes
available
for
sale
and
higher
prices.
Net
income
also
reflects
increased
home
sales
in
the
higher
margin
projects. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Victor Zaccaglin, 80 Chairman
and CEO | $179K | -- | Ronald Petch, 56 Pres | 175K | -- | Mark Spiro, 49 CFO,
VP of Fin., Sec., Treasurer, Director | 166K | -- | Richard Greene, 53 VP
of the Northern California Division. | 121K | $8.1K | 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
|
|