Overview
What is Tr 16 Market Square Corp C/O Lpc Realty Advisors I Lp?
Tr 16 Market Square Corp C/O Lpc Realty Advisors I Lp is a real estate organization situated in Chicago, Illinois. Its primary function is to hold title to property, collect income generated from the property, and subsequently remit the entire income (minus expenses) to its sole shareholder, the Teachers Retirement System of Illinois, a tax-exempt pension fund. This organization, classified as a 501(c)(25), was established specifically for this purpose, contributing to the real estate sector in Chicago.
Is Tr 16 Market Square Corp C/O Lpc Realty Advisors I Lp legitimate?
Tr 16 Market Square Corp C/O Lpc Realty Advisors I Lp is a legitimate nonprofit organization registered as a 501(c)(25) entity. Tr 16 Market Square Corp C/O Lpc Realty Advisors I Lp 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 Tr 16 Market Square Corp C/O Lpc Realty Advisors I Lp?
Tr 16 Market Square Corp C/O Lpc Realty Advisors I Lp is a 501(C)(25) organization with a specific purpose. Its primary function is to hold title to real property and collect income generated from this property. The corporation then remits the entire income, after deducting expenses, to its sole shareholder, the Teachers Retirement System of Illinois. This tax-exempt pension fund, meeting the requirements of Section 401(A) of the Internal Revenue Code, is also exempt from taxation under Section 501(A) of the code. The corporation's mission essentially revolves around managing real estate properties to generate income for its sole shareholder, the Teachers Retirement System of Illinois.
Who is the CEO of Tr 16 Market Square Corp C/O Lpc Realty Advisors I Lp?
Jenifer A Ratcliffe is the President of Tr 16 Market Square Corp C/O Lpc Realty Advisors I Lp.
What is the revenue of Tr 16 Market Square Corp C/O Lpc Realty Advisors I Lp?
Tr 16 Market Square Corp C/O Lpc Realty Advisors I Lp's revenue in 2022 was $2,590,506.
Who are the executives of Tr 16 Market Square Corp C/O Lpc Realty Advisors I Lp and what are their salaries?
Here are 3 key members and their salaries:
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Where can I find the form 990 for Tr 16 Market Square Corp C/O Lpc Realty Advisors I Lp?
Tr 16 Market Square Corp C/O Lpc Realty Advisors I Lp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Tr 16 Market Square Corp C/O Lpc Realty Advisors I Lp
Tr 16 Market Square Corp C/O Lpc Realty Advisors I Lp, a 501(c)(25) organization, was established for a singular purpose: holding title to real property, collecting income from this property, and remitting the entire income (after deducting expenses) to its sole shareholder. This sole shareholder is the Teachers Retirement System of Illinois, a tax-exempt pension fund that meets the requirements of Section 401(a) of the Internal Revenue Code. As such, the corporation serves as a financial intermediary, facilitating the investment of the Teachers Retirement System's funds in real estate, with the ultimate goal of generating income for its primary beneficiary.
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Impact
October, 2024
Tr 16 Market Square Corp C/O Lpc Realty Advisors I Lp plays a significant role in the management of real estate assets in Chicago, thereby contributing to the local economy and community development. By holding title to property and generating revenues through this real estate activity, the corporation supports the financial health of the Teachers Retirement System of Illinois. This financial inflow enables the retirement system to distribute funds to its beneficiaries, which contributes to the economic security of retired educators in the state.
Furthermore, the company's operations foster community improvement by managing properties that can enhance the local urban landscape, potentially attracting businesses and residents, and helping to maintain or increase property values. With total revenues of $4,180,112 last year, the corporation’s activities not only serve the specific financial needs of its shareholder but also indirectly benefit the broader community by promoting sustainability and responsible property management.
This information is meant to be a general summary of Tr 16 Market Square Corp C/O Lpc Realty Advisors I Lp. 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.
- Gross Receipts: $8,071,911
Assets and Liabilities:
- Total Assets: $114,773,712
- Total Liabilities: $44,303,364
- Net Assets: $70,470,348
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Organization Details
Founding Year
2005
Phone
(312) 345-8784Principal Officer
Jenifer A Ratcliffe
Main Address
120 NORTH LASALLE STREET 2900, CHICAGO, IL, 60602
NTEE Category
Code: S470 - Community improvement
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