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.
Here 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
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.
Impact
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.
Thursday, August 15, 2024
Tgm Realty Corp20's impact lies in supporting the Ohio Public Employees Retirement System (OPERS) in maintaining the financial security of its trust fund. By purchasing, operating, and selling multi-family residential real estate, Tgm Realty Corp20 generates income that is then funneled back to OPERS. This financial support aids OPERS in acting in the best interest of its participants, ensuring the long-term sustainability of the trust fund, and providing exceptional service to members, benefit recipients, and employers. Through its focused mission and operations, Tgm Realty Corp20 plays a vital role in bolstering the financial security of OPERS and contributing to the well-being of public employees in Ohio.
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.
- Assets and Liabilities:
Organization Details
Founding Year
1998
Phone
(212) 830-9300
Principal Officer
Oz Toraman
Main Address
650 FIFTH AVENUE 28TH FLOOR, NEW YORK, NY, 10019
NTEE Category
Code: S47 - Community improvement
If you are a representative of Tgm Realty Corp20 and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.