Overview
What is Shallowford Corners Retail Corp C/O Lasalle Advisors Tax Manager?
Shallowford Corners Retail Corp C/O Lasalle Advisors Tax Manager is a 501(C)(25) nonprofit organization, primarily established for the purpose of acquiring real property. The corporation holds title to the property and collects income from it, remitting the entire amount (after deducting expenses) to its sole shareholder. This shareholder, the Alaska Retirement Management Board, is a tax-exempt organization that meets the criteria set out in Section 501(C)(25)(C). Over the years, the corporation has distributed its net income to the Alaska Retirement Management Board, such as the June 30, 2018, and June 30, 2019, income. The organization's primary focus is on real estate acquisition and income distribution.
Is Shallowford Corners Retail Corp C/O Lasalle Advisors Tax Manager legitimate?
Shallowford Corners Retail Corp C/O Lasalle Advisors Tax Manager is a legitimate nonprofit organization registered as a 501(c)(25) entity. Shallowford Corners Retail Corp C/O Lasalle Advisors Tax Manager 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 Shallowford Corners Retail Corp C/O Lasalle Advisors Tax Manager?
Shallowford Corners Retail Corporation, a 501(C)(25) organization, was established for the sole purpose of acquiring real property, managing the title, and generating income from it. The primary objective is to remit the entire income, after deducting expenses, to its sole shareholder, the Alaska Retirement Management Board. This tax-exempt organization adheres to the requirements of Section 501(C)(25)(C). The corporation's activities primarily revolve around property acquisition, income generation, and subsequent distribution to its shareholder. The Alaska Retirement Management Board received the net income of Shallowford Corners Retail Corporation on June 30, 2018, and 2019. While this organization does not have a traditional mission statement as a charity or non-profit, its activities can be summarized based on the information provided.
Who is the CEO of Shallowford Corners Retail Corp C/O Lasalle Advisors Tax Manager?
Julie Manning is the President of Shallowford Corners Retail Corp C/O Lasalle Advisors Tax Manager.
What is the revenue of Shallowford Corners Retail Corp C/O Lasalle Advisors Tax Manager?
Shallowford Corners Retail Corp C/O Lasalle Advisors Tax Manager's revenue in 2020 was -$55,950.
Who are the executives of Shallowford Corners Retail Corp C/O Lasalle Advisors Tax Manager and what are their salaries?
Here are 4 key members and their salaries:
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Where can I find the form 990 for Shallowford Corners Retail Corp C/O Lasalle Advisors Tax Manager?
Shallowford Corners Retail Corp C/O Lasalle Advisors Tax Manager's most recent form 990 was submitted in 2020 and can be accessed here.
Mission Statement of Shallowford Corners Retail Corp C/O Lasalle Advisors Tax Manager
Shallowford Corners Retail Corporation, a 501(C)(25) organization, was established with a specific purpose: to acquire real property, hold title to it, collect income from the property, and then remit the entire income (after deducting expenses) to its sole shareholder. This shareholder, the Alaska Retirement Management Board, is a tax-exempt organization that fulfills the criteria set out in Section 501 (C)(25)(C). Over the years, this organization has distributed its income to the Alaska Retirement Management Board, as evidenced by the June 30, 2018, and June 30, 2019, net income distributions.
In essence, Shallowford Corners Retail Corporation serves as a vehicle for the Alaska Retirement Management Board to generate income from real estate investments. The corporation acquires properties, manages them, and then distributes the income generated to its sole shareholder. This structure allows the Alaska Retirement Management Board to leverage the corporation's activities for its own financial gain, all while operating within the guidelines set out for 501(C)(25) organizations.
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Impact
October, 2024
Shallowford Corners Retail Corp, operating under the management of LaSalle Advisors, played a pivotal role in acquiring and managing real estate for income generation. Its structure and operations were specifically designed to hold title to properties, collect income, and redistribute that income—after expenses—entirely to its sole shareholder, the Alaska Retirement Management Board.
This arrangement allowed for systematic investment in real property, enabling stable returns that would support the financial goals of the retirement board. The focus on real estate acquisition and income generation was strategic, reflecting a model that prioritized community improvement by maintaining property value and contributing to local economic activity.
Although Shallowford Corners Retail Corp is now inactive, its previous functions contributed to the real estate landscape in Chicago, facilitating investments that ultimately supported the fiscal well-being of its shareholder organization. By remitting profits to the Alaska Retirement Management Board, it also indirectly supported the financial security of retirees, thereby impacting the community at large through its financial activities.
This information is meant to be a general summary of Shallowford Corners Retail Corp C/O Lasalle Advisors Tax Manager. 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 2020.
- Gross Receipts: $3,962
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Organization Details
Founding Year
2004
Phone
(312) 228-2581Principal Officer
Julie Manning
Main Address
200 E RANDOLPH DRIVE, CHICAGO, IL, 60601
NTEE Category
Code: S47 - Community improvement
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