Overview
What is Tr Bridgewater Corp C/O Lpc Realty Advisors I Lp?
Tr Bridgewater Corp C/O Lpc Realty Advisors I Lp is a 501(c)(25) nonprofit organization, primarily established to manage real estate property. Its primary function is to collect income generated from the property and then transfer the net income to its sole shareholder, the Teachers Retirement System of Illinois. The corporation does not offer any programs or services beyond this core purpose. It was organized specifically for the exclusive purpose of holding title to real property, collecting income from it, and remitting the entire amount (after expenses) to its tax-exempt shareholder, which meets the requirements of Section 401(a) of the Internal Revenue Code as amended.
Is Tr Bridgewater Corp C/O Lpc Realty Advisors I Lp legitimate?
Tr Bridgewater Corp C/O Lpc Realty Advisors I Lp is a legitimate nonprofit organization registered as a 501(c)(25) entity. Tr Bridgewater 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 Bridgewater Corp C/O Lpc Realty Advisors I Lp?
Tr Bridgewater Corp C/O Lpc Realty Advisors I Lp, as a 501(C)(25) organization, was established for the sole purpose of holding title to real property, collecting income generated from the property, and remitting the entire income (after deducting expenses) to its sole shareholder, the Teachers Retirement System of Illinois. This tax-exempt pension fund, which meets the requirements of Section 401(A) of the Internal Revenue Code, uses the income received from Tr Bridgewater Corp for its own operations and initiatives. The corporation's role is primarily focused on financial management and income distribution, serving as a financial intermediary between the property and its beneficiary, the Teachers Retirement System of Illinois.
Who is the CEO of Tr Bridgewater Corp C/O Lpc Realty Advisors I Lp?
Jenifer Ratcliffe is the President of Tr Bridgewater Corp C/O Lpc Realty Advisors I Lp.
What is the revenue of Tr Bridgewater Corp C/O Lpc Realty Advisors I Lp?
Tr Bridgewater Corp C/O Lpc Realty Advisors I Lp's revenue in 2022 was $1,731,395.
Who are the executives of Tr Bridgewater 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 Bridgewater Corp C/O Lpc Realty Advisors I Lp?
Tr Bridgewater 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 Bridgewater Corp C/O Lpc Realty Advisors I Lp
Tr Bridgewater Corp C/O Lpc Realty Advisors I Lp, a 501(c)(25) organization, was established with a specific purpose. Its primary mission is to serve as a title holder for real property, collect income generated from this property, and then remit the entire net 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 exempt from taxation under Section 501(a) of the Code. In essence, Tr Bridgewater Corp C/O Lpc Realty Advisors I Lp acts as a facilitator, ensuring the efficient management and distribution of income derived from real estate assets, ultimately benefiting the Teachers Retirement System of Illinois.
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Impact
October, 2024
Tr Bridgewater Corp C/O LPC Realty Advisors I LP plays a significant role in managing real estate assets for the Teachers Retirement System of Illinois. By holding the title to various properties, the corporation focuses on maximizing income through strategic property management. The net income generated from these activities is remitted directly to the Teachers Retirement System, providing financial support for the pension fund that benefits Illinois educators.
This structure ensures that the financial interests of the teachers' retirement system are safeguarded, while also contributing to the stability and viability of public pension funding in Illinois. The activities of Tr Bridgewater Corp enhance community improvement by effectively managing and utilizing real estate assets, which may generate economic benefits in the surrounding areas. While the organization does not offer programs directly, its impact is felt through the financial stability it helps secure for teachers and public education in the state.
This information is meant to be a general summary of Tr Bridgewater 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: $5,156,251
Assets and Liabilities:
- Total Assets: $38,354,363
- Total Liabilities: $29,365,072
- Net Assets: $8,989,291
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Organization Details
Founding Year
2006
Phone
(312) 345-8784Principal Officer
Jenifer Ratcliffe
Main Address
120 NORTH LASALLE STREET 2900, CHICAGO, IL, 60602
NTEE Category
Code: S47 - Community improvement
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