| Business Summary | | Arizona
Land
Income
Corporation
(ALIC)
is
a
real
estate
investment
trust
that
invests
in
first
mortgage
loans
on
unimproved
real
property
located
in
the
metropolitan
Phoenix
area.
These
loans
include
mortgage
loans
secured
or
collateralized
by
first
mortgages,
first
deeds
of
trust
and
real
property
subject
to
agreements
for
sale
and
subdivision
trusts
(First
Mortgage
Loans).
From
its
inception
until
December
31,
1991,
ALIC
purchased
interests
in
20
First
Mortgage
Loans.
Since
January
1,
1992,
the
Company
has
purchased
only
two
First
Mortgage
Loans,
and
has
had
to
institute
foreclosure
proceedings
with
respect
to
certain
properties
securing
other
First
Mortgage
Loans.
ALIC
has
not
identified
any
opportunities
to
make
new
loans,
therefore,
in
the
event
of
a
loan
maturity
or
sale
of
property,
the
Company
currently
intends
to
distribute
the
proceeds,
beyond
what
is
needed
for
day-to-day
operations
of
the
Company,
to
its
shareholders. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Arizona
Land
Income
corp.
is
a
Real
Estate
Investment
Trust
which
invests
in
first
mortgage
loans
on
unimproved
real
estate
located
in
the
metropolitan
Phoenix,
Arizona
area.
For
the
six
months
ended
6/30/01,
total
revenues
decreased
23%
to
$281
thousand.
Net
income
decreased
34%
to
$185
thousand.
Revenues
reflect
decreased
interest
on
mortgages.
Lower
income
also
reflects
higher
professional
services
charges. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY2000 Pay | |
| Thomas Hislop, 52 Chairman
of Directors, VP, CFO, Treasurer | $9.5K | Barry Peacock, 63 Pres | -- | Larry Staley, 58 VP | -- | David Miller, 52 Sec. | -- | 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
|
|