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Independence Plaza Investment Group Inc

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

EIN: 261492445 ✦ Chicago, IL ✦ Designated as a 501(c)(25)

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Overview

What is Independence Plaza Investment Group Inc?

Independence Plaza Investment Group Inc, established in Chicago, Illinois, operates as a title holding company. Its primary purpose is to manage and generate income from real estate investments. This income is subsequently channeled towards benefiting the Alaska Permanent Fund Corporation. As a title holding company, Independence Plaza Investment Group Inc plays a crucial role in securing property ownership and ensuring the smooth transfer of property rights.

Is Independence Plaza Investment Group Inc legitimate?

Independence Plaza Investment Group Inc is a legitimate nonprofit organization registered as a 501(c)(25) entity. Independence Plaza Investment Group 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

For more financial information, click here

What is the mission statement of Independence Plaza Investment Group Inc?

Independence Plaza Investment Group Inc serves as a title holding company, its primary mission being to accumulate income from real estate properties. This income is then channeled towards benefiting the Alaska Permanent Fund Corporation. The company's activities are centered around holding title to property, thereby generating income. It's important to note that the company's location is not a part of its mission statement.

Who is the CEO of Independence Plaza Investment Group Inc?

Lawrence Christensen is the President of Independence Plaza Investment Group Inc.

What is the revenue of Independence Plaza Investment Group Inc?

Independence Plaza Investment Group Inc's revenue in 2022 was $1,203,395.

Who are the executives of Independence Plaza Investment Group Inc and what are their salaries?


Here are 5 key members and their salaries:


Theresa Ranck (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thomas Kelly (Vp/Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul Rezents (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lawrence Christensen (Vp/Secretary)
  • 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 Independence Plaza Investment Group Inc?

Independence Plaza Investment Group Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Independence Plaza Investment Group Inc

Independence Plaza Investment Group, as a title holding company, is dedicated to the mission of managing real estate properties. The primary objective of this organization is to generate income, which subsequently benefits the Alaska Permanent Fund Corporation. By serving as a title holding company, Independence Plaza Investment Group plays a crucial role in managing and overseeing property-related matters, ultimately contributing to the financial well-being of the Alaska Permanent Fund Corporation.

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Impact




October, 2024

Independence Plaza Investment Group Inc plays a significant role in community improvement through its activities as a title holding company. By holding real property and generating income from it, the organization directly benefits the Alaska Permanent Fund Corporation. Located in Chicago, IL, it serves as a strategic entity that manages assets to ensure financial support for broader community initiatives linked to the fund’s objectives. This impact extends beyond mere asset management; it contributes to economic stability and the ongoing development of the communities it interacts with. Through its financial activities, Independence Plaza Investment Group Inc helps foster growth and sustainability within its area of influence.




This information is meant to be a general summary of Independence Plaza Investment Group 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.

Revenue
$1,203,395 (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: $29,063
  • Gross Receipts: $13,368,180

Assets and Liabilities:

  • Total Assets: $102,207,706
  • Total Liabilities: $73,672,752
  • Net Assets: $28,534,954

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Organization Details

Founding Year

2007

Principal Officer

Lawrence Christensen

Main Address

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

NTEE Category

Code: S470 - Community improvement

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