Overview
What is Tgm Realty Corp20?
TGM Realty Corp#20 is a New York-based corporation owned entirely by the Ohio Public Employees Retirement System (OPERS). The primary objective of TGM Realty is to support OPERS by securing the financial stability of the trust fund and delivering outstanding service to members, benefit recipients, and employers. The corporation specializes in purchasing, managing, and selling multi-family residential real estate through its subsidiaries, generating income that is then transferred to OPERS, a tax-exempt organization. The income received from TGM Realty's real estate transactions is the sole source of funds for OPERS, furthering its vision of acting in the best interest of its participants and maintaining the long-term financial security of the trust.
Is Tgm Realty Corp20 legitimate?
Tgm Realty Corp#20 is a legitimate nonprofit organization registered as a 501(c)(25) entity. Tgm Realty Corp#20 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: $0
For more financial information, click here
What is the mission statement of Tgm Realty Corp20?
Tgm Realty Corp #20, a wholly-owned subsidiary of the Ohio Public Employees Retirement System (OPERS), was established to engage in the business of purchasing, operating, and selling multi-family residential real estate through its qualified subsidiaries. The primary objective of the company is to hold title to properties, collect income from them, and transfer the entire amount, excluding expenses, to OPERS. This transfer of funds supports OPERS' mission to act in the best interest of its participants, maintain the financial security of the trust fund, and provide exceptional service to members, benefit recipients, and employers. The company's activities contribute to OPERS' vision while adhering to its tax-exempt status.
Who is the CEO of Tgm Realty Corp20?
Oz Toraman is the President & Ceo, Sole Director of Tgm Realty Corp#20. The CEO's salary of Tgm Realty Corp20 is $275,781 and their total compensation is $275,781.
What is the revenue of Tgm Realty Corp20?
Tgm Realty Corp20's revenue in 2022 was $25,598,556.
Who are the executives of Tgm Realty Corp20 and what are their salaries?
Here are 6 key members and their salaries (Tgm Realty Corp20's CEO's salary is $275,781 and their total compensation is $275,781):
- Compensation: $275,781
- Related: $0
- Other: $0
- Compensation: $272,277
- Related: $0
- Other: $0
- Compensation: $267,243
- Related: $0
- Other: $0
- Compensation: $180,480
- Related: $0
- Other: $0
- Compensation: $165,532
- Related: $0
- Other: $0
- Compensation: $79,039
- Related: $0
- Other: $0
Where can I find the form 990 for Tgm Realty Corp20?
Tgm Realty Corp20's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Tgm Realty Corp20
Tgm Realty Corp#20, a wholly-owned subsidiary of the Ohio Public Employees Retirement System (OPERS), was established to purchase, operate, and sell multi-family residential real estate. The primary objective of this corporation is to hold property titles, collect rental income, and transfer the entire earnings, excluding expenses, to OPERS. OPERS, in turn, is a tax-exempt organization dedicated to acting in the best interests of its participants, maintaining the financial security of the trust fund, and providing exceptional services to its members, benefit recipients, and employers.
In simple terms, Tgm Realty Corp#20 is an essential component of OPERS, serving as a real estate investment vehicle. By purchasing, managing, and selling multi-family residential properties, the corporation generates revenue for OPERS, contributing to the overall financial stability and security of the retirement system. The profits earned from the corporation's real estate ventures help OPERS in fulfilling its mission, ensuring the well-being and future of its members.
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Impact
October, 2024
TGM Realty Corp20 plays a crucial role in supporting the Ohio Public Employees Retirement System (OPERS) by managing multi-family residential real estate investments. By purchasing, operating, and selling these properties, TGM Realty Corp20 focuses on maximizing income from real estate that directly benefits OPERS. This operational strategy aims to enhance the financial security of the trust fund, which ultimately serves the interests of OPERS participants, including retired public employees.
Through its activities, TGM Realty Corp20 ensures that income generated from real estate investments is turned over to OPERS, allowing the retirement system to provide exceptional service and benefits to its members and recipients. This contribution helps secure the financial stability of the retirement system, ensuring that members receive the benefits they are entitled to while promoting community improvement through responsible property management. In essence, TGM Realty Corp20's efforts are integral to maintaining the overall health of the trust fund and supporting the financial well-being of public employees in Ohio.
This information is meant to be a general summary of Tgm Realty Corp20. 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.
- Gross Receipts: $47,447,657
Assets and Liabilities:
- Total Assets: $547,460,307
- Total Liabilities: $278,869,180
- Net Assets: $268,591,127
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Organization Details
Founding Year
1998
Phone
(212) 830-9300Principal Officer
Oz Toraman
Main Address
650 FIFTH AVENUE 28TH FLOOR, NEW YORK, NY, 10019
NTEE Category
Code: S47 - Community improvement
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