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Kukui Grove Center Investment Group Inc C/O Heitman Llc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 202862899 ✦ Chicago, IL ✦ Designated as a 501(c)(25)

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Overview

What is Kukui Grove Center Investment Group Inc C/O Heitman Llc?

Kukui Grove Center Investment Group Inc C/O Heitman Llc is a nonprofit organization primarily engaged in the acquisition and management of rental properties. Their primary mission is to generate income for their tax-exempt shareholder, the Alaska Permanent Fund. By purchasing and managing real estate, they are able to distribute a portion of their net income to this fund, as was evident in 2018. This organization's activities contribute to the financial well-being of their tax-exempt shareholder, ensuring continuous distributions.

Is Kukui Grove Center Investment Group Inc C/O Heitman Llc legitimate?

Kukui Grove Center Investment Group Inc C/O Heitman Llc is a legitimate nonprofit organization registered as a 501(c)(25) entity. Kukui Grove Center Investment Group Inc C/O Heitman 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

For more financial information, click here

What is the mission statement of Kukui Grove Center Investment Group Inc C/O Heitman Llc?

Kukui Grove Center Investment Group Inc., managed by Heitman LLC, is dedicated to acquiring real estate properties. Their primary objective is to generate income, which is then distributed to their tax-exempt shareholder, the Alaska Permanent Fund. The company's mission is to purchase and manage rental properties, contributing to the financial well-being of its shareholder. In 2018, the Alaska Permanent Fund received total distributions from these operations.

Who is the CEO of Kukui Grove Center Investment Group Inc C/O Heitman Llc?

Lawrence Christensen is the President of Kukui Grove Center Investment Group Inc C/O Heitman Llc.

What is the revenue of Kukui Grove Center Investment Group Inc C/O Heitman Llc?

Kukui Grove Center Investment Group Inc C/O Heitman Llc's revenue in 2022 was $3,073,785.

Who are the executives of Kukui Grove Center Investment Group Inc C/O Heitman Llc and what are their salaries?


Here are 5 key members and their salaries:


Theresa Ranck (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thomas Kelly (Vice President And Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul Rezents (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lawrence Christensen (Vice President And Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Caroline Vasquez-Hurman (Assistant Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Kukui Grove Center Investment Group Inc C/O Heitman Llc?

Kukui Grove Center Investment Group Inc C/O Heitman Llc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Kukui Grove Center Investment Group Inc C/O Heitman Llc

Kukui Grove Center Investment Group Inc C/O Heitman Llc, as a mission-driven entity, is dedicated to the acquisition of real property. Its primary objective is to generate net income, which is then remitted to its tax-exempt shareholder, the Alaska Permanent Fund. This organization serves as a real estate manager, purchasing and operating rental properties, with the ultimate goal of distributing earnings to its significant benefactor. In 2018, the Alaska Permanent Fund received substantial distributions as a result of Kukui Grove Center Investment Group's successful real estate operations.

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Impact




October, 2024

Kukui Grove Center Investment Group Inc C/O Heitman LLC plays a significant role in community improvement through its investment in rental real estate. By acquiring and managing properties, the organization generates substantial net income which is remitted to its tax-exempt shareholder, the Alaska Permanent Fund. This financial activity not only supports the fund but also contributes to local economies through job creation and the enhancement of community spaces.

In addition to economic contributions, Kukui Grove's operations can lead to improved property values and urban revitalization, fostering a more vibrant community. Their focus on managing and enhancing rental properties aligns with an overarching mission to invest in the community, positively impacting residents and local stakeholders. Furthermore, the financial stability provided by such investments can create a ripple effect, promoting further developments and improvements in the areas they operate within.




This information is meant to be a general summary of Kukui Grove Center Investment Group Inc C/O Heitman 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.

Revenue
$3,073,785 (2022)
Expenses
$0 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $177
  • Gross Receipts: $10,853,090

Assets and Liabilities:

  • Total Assets: $126,896,233
  • Total Liabilities: $73,561,897
  • Net Assets: $53,334,336

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Organization Details

Founding Year

2005

Principal Officer

Lawrence Christensen

Main Address

110 N Wacker Drive Suite 4000, chicago, IL, 60606

NTEE Category

Code: S47 - Community improvement

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