Overview
What is Seacliff Village Shopping Center Inc C/O Barings Llc?
Seacliff Village Shopping Center Inc C/O Barings Llc is a real property holding company, headquartered in Hartford, Connecticut. The primary role of this entity is to acquire and manage real estate properties. It serves as a custodian, collecting and distributing income to its owner, the Lucent Master Pension Trust, a tax-exempt organization. This company's operations contribute to the maintenance and management of these properties, ensuring a steady income stream for its beneficiary.
Is Seacliff Village Shopping Center Inc C/O Barings Llc legitimate?
Seacliff Village Shopping Center Inc C/O Barings Llc is a legitimate nonprofit organization registered as a 501(c)(25) entity. Seacliff Village Shopping Center Inc C/O Barings Llc 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
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What is the mission statement of Seacliff Village Shopping Center Inc C/O Barings Llc?
Seacliff Village Shopping Center Inc., under the management of Barings LLC, operates as a real property holding company. Its primary mission is to acquire and maintain ownership of real estate titles. The collected income from these properties is then forwarded to its proprietor, the Lucent Master Pension Trust, a tax-exempt entity. The company's activities are focused on managing and generating income from its real estate holdings. It does not have a mission related to promoting societal causes or providing support services, like some other organizations do.
What is the revenue of Seacliff Village Shopping Center Inc C/O Barings Llc?
Seacliff Village Shopping Center Inc C/O Barings Llc's revenue in 2023 was $9,623,348.
Who are the executives of Seacliff Village Shopping Center Inc C/O Barings Llc and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for Seacliff Village Shopping Center Inc C/O Barings Llc?
Seacliff Village Shopping Center Inc C/O Barings Llc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Seacliff Village Shopping Center Inc C/O Barings Llc
Seacliff Village Shopping Center Inc C/O Barings Llc, as a real property holding company, is dedicated to acquiring and maintaining control over various real estate titles. This organization serves as a conduit, collecting and forwarding the resulting income to its owner, the Lucent Master Pension Trust - a tax-exempt entity. The primary objective of Seacliff Village Shopping Center Inc C/O Barings Llc is to manage and oversee its real estate holdings, ensuring the regular income flow to its designated beneficiary. The company's activities are focused on property management and financial transactions, with the ultimate goal of fulfilling its role as a responsible steward of its real estate assets.
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Impact
October, 2024
Seacliff Village Shopping Center Inc C/O Barings LLC significantly contributes to the community by managing and holding real property assets that serve as a vital economic hub in Hartford, CT. Through its ownership and administration of the shopping center, it facilitates local commerce by providing retail spaces that attract businesses and consumers alike.
This activity not only generates income that supports the Lucent Master Pension Trust but also enhances the local economy by creating job opportunities and encouraging community engagement. Moreover, the presence of the shopping center contributes to community improvement by offering essential services and entertainment options, ultimately fostering a vibrant neighborhood atmosphere. Through these efforts, Seacliff Village Shopping Center plays a key role in promoting economic stability and growth within the area it serves.
This information is meant to be a general summary of Seacliff Village Shopping Center Inc C/O Barings Llc. 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 2023.
- Investment Income: $2,025
- Program Service Revenue: $9,621,323
- Gross Receipts: $9,623,348
Assets and Liabilities:
- Total Assets: $147,281,261
- Total Liabilities: $81,219,817
- Net Assets: $66,061,444
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$9,621,323
Organization Details
Founding Year
2002
Principal Officer
John Kolb
NTEE Category
Code: S47 - Community improvement
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