Overview
What is Heartland Realty Llc C/O Washington Capital Management Inc?
Heartland Realty Llc C/O Washington Capital Management Inc is a nonprofit organization situated in Boston, Massachusetts. Its primary function is to acquire, manage, and own industrial properties. The unique aspect of Heartland's operations is that all net income generated from the rental of these properties is directed towards OPERS, a related organization, which is the Ohio Public Employees Retirement System. The nonprofit's sole purpose is to serve as a property holder, contributing its earnings to a retirement system for public employees in Ohio.
Official website here: www.wa-cap.com
Is Heartland Realty Llc C/O Washington Capital Management Inc legitimate?
Heartland Realty Llc C/O Washington Capital Management Inc is a legitimate nonprofit organization registered as a 501(c)(2) entity. Heartland Realty Llc C/O Washington Capital Management 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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Official website here: www.wa-cap.com
What is the mission statement of Heartland Realty Llc C/O Washington Capital Management Inc?
Heartland Realty LLC, under the oversight of Washington Capital Management Inc., was established with the primary objective of acquiring and managing three industrial properties. The company's sole business activity revolves around the rental of these properties. Heartland's core purpose is to maintain ownership of these properties, generating net income. This income, in turn, is transferred to the Ohio Public Employees Retirement System (OPERS), a related organization. In essence, Heartland Realty LLC serves as a property holding entity, contributing its earnings to OPERS.
Official website here: www.wa-cap.com
Who is the CEO of Heartland Realty Llc C/O Washington Capital Management Inc?
Richard Leeret is the Vice President(Until 12/31/22) of Heartland Realty Llc C/O Washington Capital Management Inc.
Official website here: www.wa-cap.com
What is the revenue of Heartland Realty Llc C/O Washington Capital Management Inc?
Heartland Realty Llc C/O Washington Capital Management Inc's revenue in 2022 was $3,330,550.
Official website here: www.wa-cap.com
Who are the executives of Heartland Realty Llc C/O Washington Capital Management Inc and what are their salaries?
Here are 4 key members and their salaries:
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Official website here: www.wa-cap.com
Where can I find the form 990 for Heartland Realty Llc C/O Washington Capital Management Inc?
Heartland Realty Llc C/O Washington Capital Management Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.wa-cap.com
Learn more at the official website: www.wa-cap.com
Mission Statement of Heartland Realty Llc C/O Washington Capital Management Inc
Heartland Realty LLC C/O Washington Capital Management Inc, as a nonprofit organization, is dedicated to holding title to three industrial properties. Its primary objective is to generate net income from the rental of these properties. This income is then transferred to a related organization, the Ohio Public Employees Retirement System (OPERS), serving as a crucial source of financial support for this institution. The organization's mission can be summarized as the responsible management of rental properties, with the ultimate goal of ensuring a steady income stream for OPERS. Heartland Realty LLC C/O Washington Capital Management Inc operates with a clear focus on this purpose, making it a vital contributor to the financial wellbeing of its affiliated organization.
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Impact
October, 2024
Heartland Realty LLC, through its operation of industrial properties, plays a significant role in supporting the financial stability of the Ohio Public Employees Retirement System (OPERS). By managing these properties and generating rental income, Heartland ensures that funds are consistently funneled to OPERS, which benefits public employees in Ohio by providing them with better retirement security.
The organization focuses exclusively on the acquisition, operation, and rental of three industrial properties, thus contributing to the local economy in Boston, Massachusetts. This approach not only maximizes the value of the real estate assets but also reinforces the importance of reliable income streams for retirement plans, ensuring that public workers receive their due retirement benefits.
In addition to its financial impact, Heartland Realty LLC's activities promote community improvement through responsible property management and potentially increased local employment opportunities stemming from the industrial spaces it oversees. Overall, Heartland Realty LLC serves a vital function in enhancing both economic stability for public employees and the local community in which its properties are located.
This information is meant to be a general summary of Heartland Realty Llc C/O Washington Capital Management 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.
- Gross Receipts: $5,636,219
Assets and Liabilities:
- Total Assets: $63,733,610
- Total Liabilities: $11,088,770
- Net Assets: $52,644,840
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Organization Details
Founding Year
2000
Phone
(617) 526-8800Principal Officer
Richard Leeret
Main Address
260 Franklin Street Suite 1900, Boston, MA, 02110
Website
www.wa-cap.comNTEE Category
Code: S47 - Community improvement
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