Overview
What is 5 North Fifth Street Corp C/O L&B Realty Advisors Llp?
5 North Fifth Street Corp C/O L&B Realty Advisors Llp is a nonprofit organization based in Dallas, Texas, with an address at 5910 N Central Expwy 1200. The primary purpose of this organization is to acquire real property and distribute the net income to its tax-exempt shareholder, the Commonwealth of Pennsylvania Public School Employees' Retirement System. In 2022, the organization distributed a total of $893,000 to its shareholder. The information does not specify the nature of the services or programs provided by the organization, but it is primarily focused on real estate investments for its tax-exempt shareholder.
Is 5 North Fifth Street Corp C/O L&B Realty Advisors Llp legitimate?
5 North Fifth Street Corp C/O L&B Realty Advisors Llp is a legitimate nonprofit organization registered as a 501(c)(25) entity. 5 North Fifth Street Corp C/O L&B Realty Advisors Llp 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: $85,743
For more financial information, click here
What is the mission statement of 5 North Fifth Street Corp C/O L&B Realty Advisors Llp?
The mission of 5 North Fifth Street Corp C/O L&B Realty Advisors Llp, as per its stated objective, is centered around the acquisition of real property. The primary aim is to generate net income, which is subsequently remitted to its tax-exempt shareholder. This organization operates rental real estate properties, with a significant distribution of $893,000 to its shareholder in 2022. It functions as a financial entity, contributing to the financial well-being of its tax-exempt shareholder, the Commonwealth of Pennsylvania Public School Employees' Retirement System.
Who is the CEO of 5 North Fifth Street Corp C/O L&B Realty Advisors Llp?
Christian T Metton is the Principal Officer of 5 North Fifth Street Corp C/O L&B Realty Advisors Llp.
What is the revenue of 5 North Fifth Street Corp C/O L&B Realty Advisors Llp?
5 North Fifth Street Corp C/O L&B Realty Advisors Llp's revenue in 2022 was $1,901,363.
Who are the executives of 5 North Fifth Street Corp C/O L&B Realty Advisors Llp and what are their salaries?
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $242,086
- Other: $0
- Compensation: $0
- Related: $375,476
- Other: $0
- Compensation: $0
- Related: $240,356
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for 5 North Fifth Street Corp C/O L&B Realty Advisors Llp?
5 North Fifth Street Corp C/O L&B Realty Advisors Llp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of 5 North Fifth Street Corp C/O L&B Realty Advisors Llp
5 North Fifth Street Corp C/O L&B Realty Advisors Llp's primary mission is centered around the acquisition of real property. This organization operates with a singular focus, aiming to generate net income that is subsequently remitted to its tax-exempt shareholder. In 2022, this shareholder, the Commonwealth of Pennsylvania Public School Employees' Retirement System, received a distribution of $893,000 from 5 North Fifth Street Corp C/O L&B Realty Advisors Llp. The organization manages rental real estate properties, acting as a financial conduit for its exempt shareholder. This mission allows the shareholder to benefit financially from 5 North Fifth Street Corp C/O L&B Realty Advisors Llp's real estate ventures.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
5 North Fifth Street Corp C/O L&B Realty Advisors LLP has made a significant impact through its operations in rental real estate. By acquiring properties and managing rental income, the organization plays a crucial role in generating financial support for its tax-exempt shareholder, the Commonwealth of Pennsylvania Public School Employees' Retirement System. In 2022 alone, the organization distributed $893,000, reflecting its effectiveness in providing steady revenue streams.
This contribution not only strengthens the financial health of the retirement system, which supports public school employees, but it also enhances community stability through responsible property management. The activities undertaken by 5 North Fifth Street Corp facilitate community improvement by maintaining and operating real estate in a manner that aligns with the interests of local residents and stakeholders. Overall, its efforts contribute to the broader economic landscape, ensuring that vital services for public educators are supported through real estate investments.
This information is meant to be a general summary of 5 North Fifth Street Corp C/O L&B Realty Advisors Llp. 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.
- Program Service Revenue: $1,901,363
- Gross Receipts: $1,901,363
Assets and Liabilities:
- Total Assets: $8,703,735
- Total Liabilities: $39,254
- Net Assets: $8,664,481
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME - OFFICE
Revenue
$1,721,375
EXPENSE RECOVERY
Revenue
$179,988
Organization Details
Founding Year
1998
Phone
(214) 989-0800Principal Officer
Christian T Metton
Main Address
5910 N CENTRAL EXPWY 1200, DALLAS, TX, 75206
NTEE Category
Code: S47 - Community improvement
If you are a representative of 5 North Fifth Street Corp C/O L&B Realty Advisors Llp and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.