Overview
What is Upper Kirby Apartments Inc?
Upper Kirby Apartments Inc. serves as a title holding corporation, functioning under the guidelines of Internal Revenue Code Section 501(c)(25). The organization's primary role is to manage real estate properties on behalf of the Public Employees' Retirement System of Nevada. By collecting rents from these properties, Upper Kirby Apartments Inc. facilitates financial contributions to the retirement system. This organization acts as a bridge between property ownership and the retirement system, ensuring the smooth operation of this financial process.
Is Upper Kirby Apartments Inc legitimate?
Upper Kirby Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(25) entity. Upper Kirby Apartments 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.
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What is the mission statement of Upper Kirby Apartments Inc?
Upper Kirby Apartments Inc serves as a title holding corporation, falling under the IRC Section 501(c)(25). Its primary role is to hold title to real property on behalf of the Public Employees' Retirement System of Nevada. The corporation collects rents from the properties it manages, and subsequently, makes these payments to the retirement system. Essentially, Upper Kirby Apartments Inc acts as an intermediary, facilitating financial transactions related to real estate holdings for the retirement system.
Who is the CEO of Upper Kirby Apartments Inc?
Lee Phegley is the Director of Upper Kirby Apartments Inc.
What is the revenue of Upper Kirby Apartments Inc?
Upper Kirby Apartments Inc's revenue in 2022 was $1,567,397.
Who are the executives of Upper Kirby Apartments Inc and what are their salaries?
Here are 14 key members and their salaries:
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Where can I find the form 990 for Upper Kirby Apartments Inc?
Upper Kirby Apartments Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Upper Kirby Apartments Inc
Upper Kirby Apartments, Inc., functioning under the guidelines of IRC Section 501(c)(25), serves as a title-holding corporation. Its primary mission is to maintain ownership of real estate assets on behalf of the Public Employees' Retirement System of Nevada. The organization's responsibilities include managing the rent collection from the properties it holds title to and making the necessary payments to the retirement system. In essence, Upper Kirby Apartments, Inc. plays a crucial role in managing real estate assets for the retirement system, ensuring that the financial obligations are met accurately and efficiently.
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Impact
October, 2024
Upper Kirby Apartments Inc plays a significant role in the real estate landscape by managing properties on behalf of the Public Employees' Retirement System of Nevada. By operating as a title holding corporation, it ensures that the properties are held securely and efficiently, thereby supporting the financial stability of the retirement system. The organization collects rent from these properties, which generates income that is subsequently distributed to benefit public employees' retirement funds.
This operation not only contributes to the economic well-being of the retirement system but also fosters community improvement by maintaining and managing residential properties. The presence of well-managed rental properties can enhance neighborhood stability, attract residents, and contribute to the overall vitality of the Dallas area. Upper Kirby Apartments Inc's activities thus create a ripple effect, supporting both the financial goals of public employees and the quality of life in the communities it serves.
This information is meant to be a general summary of Upper Kirby Apartments 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.
- Investment Income: $257
- Gross Receipts: $4,106,489
Assets and Liabilities:
- Total Assets: $58,478,935
- Total Liabilities: $874,502
- Net Assets: $57,604,433
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Organization Details
Founding Year
2010
Phone
(972) 715-7400Principal Officer
Lee Phegley
Main Address
2001 ROSS AVENUE SUITE 3400, DALLAS, TX, 75201
NTEE Category
Code: S470 - Community improvement
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