Overview
What is L&B Depp-Ucepp 5500 Preston Road Inc?
L&B Depp-Ucepp 5500 Preston Road Inc is a corporation established with a specific purpose: to acquire real property and distribute the entire income derived from this property, after deducting expenses, to the tax-exempt organizations that hold shares in the corporation. This organization operates with the intention of channeling financial resources to these tax-exempt entities. The exact list of shareholders can be obtained by contacting Jennifer Hanson at L&B Realty Advisors LLP, located in Dallas, Texas.
Is L&B Depp-Ucepp 5500 Preston Road Inc legitimate?
L&B Depp-Ucepp 5500 Preston Road Inc is a legitimate nonprofit organization registered as a 501(c)(25) entity. L&B Depp-Ucepp 5500 Preston Road Inc 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 L&B Depp-Ucepp 5500 Preston Road Inc?
L&B Depp-Ucepp 5500 Preston Road Inc is established with the primary objective of acquiring income and then remitting the entire amount to the tax-exempt organizations that hold shares in the corporation. The company's mission is more specifically focused on acquiring real property and remitting the income derived from such property, after deducting expenses, to the tax-exempt shareholder organizations. The precise list of these shareholder organizations can be obtained upon request by contacting Jennifer Hanson, who is associated with L&B Realty Advisors LLP.
Who is the CEO of L&B Depp-Ucepp 5500 Preston Road Inc?
Christine Mullis is the Principal Officer of L&B Depp-Ucepp 5500 Preston Road Inc. The CEO's salary of L&B Depp-Ucepp 5500 Preston Road Inc is $0 and their total compensation is $0.
What is the revenue of L&B Depp-Ucepp 5500 Preston Road Inc?
L&B Depp-Ucepp 5500 Preston Road Inc's revenue in 2022 was $554,797.
Who are the executives of L&B Depp-Ucepp 5500 Preston Road Inc and what are their salaries?
Here are 5 key members and their salaries (L&B Depp-Ucepp 5500 Preston Road Inc's CEO's salary is $0 and their total compensation is $0):
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- Other: $0
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- Other: $0
Where can I find the form 990 for L&B Depp-Ucepp 5500 Preston Road Inc?
L&B Depp-Ucepp 5500 Preston Road Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of L&B Depp-Ucepp 5500 Preston Road Inc
L&B Depp-Ucepp 5500 Preston Road Inc is a corporation with a distinct mission. The company is organized primarily to acquire real property and generate income from it. This income, less any expenses, is then remitted in its entirety to the tax-exempt organizations that hold shares in the corporation. The company serves as a conduit, channeling resources to these tax-exempt organizations, thereby supporting their operations and furthering their respective missions. This mission is carried out meticulously, with a detailed list of shareholders available upon request. The process involves the corporation acquiring property, generating income from it, and then distributing this income to its shareholder-organizations, ensuring the continuous operation and growth of these non-profit entities.
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Impact
October, 2024
L&B Depp-Ucepp 5500 Preston Road Inc plays a significant role in supporting tax-exempt organizations through its focused business model. By acquiring real property and subsequently remitting the entirety of the income generated (after covering expenses), this entity directly contributes to the financial stability of its shareholder organizations.
Located in Dallas, Texas, the company’s operations foster community improvement by ensuring that resources are effectively directed toward impactful activities facilitated by these organizations. This collaborative approach not only aids in the sustainability of the participating entities but also enhances the overall welfare of the communities they serve. The transparency of their activities, including the availability of a detailed list of shareholders upon request, underscores their commitment to accountability and community engagement.
Overall, L&B Depp-Ucepp 5500 Preston Road Inc's financial mechanisms reinforce the efforts of tax-exempt organizations, enabling them to focus on their missions while benefitting the broader community.
This information is meant to be a general summary of L&B Depp-Ucepp 5500 Preston Road Inc. 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: $35,262
- Gross Receipts: $4,108,020
Assets and Liabilities:
- Total Assets: $72,732,882
- Total Liabilities: $38,578,882
- Net Assets: $34,154,000
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Organization Details
Founding Year
2004
Phone
(214) 989-0800Principal Officer
Christine Mullis
Main Address
5910 NORTH CENTRAL EXPY 1200, DALLAS, TX, 75206
NTEE Category
Code: S47 - Community improvement
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