Overview
What is Centreport Properties Llc C/O Aew Capital Management Lp?
Centreport Properties Llc C/O Aew Capital Management Lp is a title holding company, specifically established for the sole purpose of acquiring and managing real property. Its primary objective is to generate income from these properties and subsequently distribute the earnings, after deducting expenses, to its tax-exempt shareholders, as per IRC Sec. 401 (a). The company's role primarily involves the acquisition and maintenance of real estate, with the ultimate goal of benefiting its shareholders financially.
Is Centreport Properties Llc C/O Aew Capital Management Lp legitimate?
Centreport Properties Llc C/O Aew Capital Management Lp is a legitimate nonprofit organization registered as a 501(c)(25) entity. Centreport Properties Llc C/O Aew Capital Management Lp submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $7,040
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What is the mission statement of Centreport Properties Llc C/O Aew Capital Management Lp?
Centreport Properties Llc C/O Aew Capital Management Lp was established with a specific purpose: to acquire and hold title to real property. The primary objective is to generate income from these properties and subsequently distribute the earnings, after deducting expenses, to its exempt-from-tax shareholders, as per IRC Sec. 401 (a). In essence, Centreport Properties Llc serves as a title holding company for real estate, aiming to generate income and distribute it to its tax-exempt investors.
Who is the CEO of Centreport Properties Llc C/O Aew Capital Management Lp?
Mindy Fitzpatrick is the Authorized Signatories of Centreport Properties Llc C/O Aew Capital Management Lp.
What is the revenue of Centreport Properties Llc C/O Aew Capital Management Lp?
Centreport Properties Llc C/O Aew Capital Management Lp's revenue in 2022 was $5,452,411.
Who are the executives of Centreport Properties Llc C/O Aew Capital Management Lp and what are their salaries?
There 8 volunteers at Centreport Properties Llc C/O Aew Capital Management Lp.
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Centreport Properties Llc C/O Aew Capital Management Lp?
Centreport Properties Llc C/O Aew Capital Management Lp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Centreport Properties Llc C/O Aew Capital Management Lp
Centreport Properties Llc C/O Aew Capital Management Lp was established with a specific purpose in mind. This organization was organized to exclusively acquire and hold title to real property. Its primary goal is to collect income generated from these properties and subsequently distribute the entire income, after deducting expenses, to its shareholders. Notably, these shareholders are exempt from taxation under IRC Sec. 401 (a). In essence, Centreport Properties Llc C/O Aew Capital Management Lp serves as a title holding company for real property, with the ultimate aim of generating income for its tax-exempt shareholders.
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Impact
October, 2024
Centreport Properties LLC, under the management of AEW Capital Management LP, plays a significant role in the real estate sector by functioning as a title holding company. Its primary focus is acquiring and maintaining title to real properties, which allows it to generate income through real estate investments.
By collecting income from its holdings, Centreport contributes to the local economy in Boston and beyond, creating a ripple effect that may enhance community development. The company is structured to ensure that the profits, after deductions for expenses, are returned to its shareholders, who benefit from the tax-exempt status under IRC Section 401(a). This structure not only promotes investment in real property but also supports various community improvement initiatives that arise from successful property management and income generation.
Centreport's activities can aid in the revitalization of neighborhoods by investing in properties that may be underutilized or in need of redevelopment, thereby enhancing property values and fostering economic growth in the areas they operate.
This information is meant to be a general summary of Centreport Properties Llc C/O Aew Capital Management Lp. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $4,007,785
- Program Service Revenue: $1,444,626
- Gross Receipts: $23,399,286
Assets and Liabilities:
- Total Assets: $199,816
- Total Liabilities: $0
- Net Assets: $199,816
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$1,444,626
Organization Details
Founding Year
1997
Phone
(617) 261-9000Principal Officer
Mindy Fitzpatrick
Main Address
TWO SEAPORT LANE 15TH FLOOR, BOSTON, MA, 022102021
NTEE Category
Code: S47 - Community improvement
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