Overview
What is Peoria Industrial Inc?
Peoria Industrial Inc, situated in Dallas, Texas, functions as a title-holding corporation under Section 501(c)(25) of the Internal Revenue Code. Its primary role is to maintain ownership of real estate properties, serving as a trustee on behalf of SBC Master Pension Trust. The company generates income from these properties and subsequently transfers it to the trust. Peoria Industrial Inc plays a crucial role in managing real estate assets, thereby contributing to the financial wellbeing of the SBC Master Pension Trust.
Is Peoria Industrial Inc legitimate?
Peoria Industrial Inc is a legitimate nonprofit organization registered as a 501(c)(25) entity. Peoria Industrial 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.
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What is the mission statement of Peoria Industrial Inc?
Peoria Industrial Inc, functioning as a title-holding corporation under IRC Section 501(c)(25), holds title to real property on behalf of SBC Master Pension Trust. Its primary objective is to collect income generated from the property and subsequently remit it to the trust. The organization's mission can be interpreted as providing a service that facilitates the management of real estate assets, contributing financially to the pension trust. While Peoria Industrial Inc does not directly provide services to individuals, its role is instrumental in managing financial resources for the benefit of the pension trust.
Who is the CEO of Peoria Industrial Inc?
R Lee Phegley is the Director, Vp/Sec of Peoria Industrial Inc.
What is the revenue of Peoria Industrial Inc?
Peoria Industrial Inc's revenue in 2022 was $2,621,443.
Who are the executives of Peoria Industrial Inc and what are their salaries?
Here are 18 key members and their salaries:
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Where can I find the form 990 for Peoria Industrial Inc?
Peoria Industrial Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Peoria Industrial Inc
Peoria Industrial Inc, functioning as a title-holding corporation under IRC Section 501(c)(25), holds the title to real property on behalf of the SBC Master Pension Trust. The organization's primary role is to collect income generated from this property and subsequently remit it to the trust. By managing the property in this capacity, Peoria Industrial Inc plays a crucial role in supporting the financial well-being of the SBC Master Pension Trust, ultimately benefiting its beneficiaries.
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Impact
October, 2024
Peoria Industrial Inc serves a crucial role in the management of real estate assets for the SBC Master Pension Trust. By operating as a title-holding corporation, it effectively holds and manages real property, ensuring the generation of income that is vital for the pension trust. This revenue stream supports the financial health of the trust, which ultimately benefits the pensioners it serves.
Located in Dallas, Texas, Peoria Industrial Inc contributes to community improvement through responsible property management. By maintaining and optimizing the use of real estate, it plays a part in enhancing the economic stability of the area. Furthermore, the successful operation and income generation from these properties can lead to broader positive impacts in the community, such as job creation and increased local investment. In this way, Peoria Industrial Inc not only fulfills its mission for the pension trust but also supports the economic vitality of its surrounding environment.
This information is meant to be a general summary of Peoria Industrial 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: $3,717
- Gross Receipts: $4,916,756
Assets and Liabilities:
- Total Assets: $91,301,051
- Total Liabilities: $16,113,586
- Net Assets: $75,187,465
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Organization Details
Founding Year
2004
Phone
(972) 715-7400Principal Officer
R Lee Phegley
Main Address
2001 ROSS AVE SUITE 3400, DALLAS, TX, 75201
NTEE Category
Code: S470 - Community improvement
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