Overview
What is Tr 2300 N Street Corp C/O Lpc Realty Advisors I Lp?
Tr 2300 N Street Corp C/O Lpc Realty Advisors I Lp is a 501(c)(25) nonprofit organization, primarily established to manage real estate properties. The corporation's primary responsibility involves holding title to these properties, collecting income generated from them, and transferring the entire net income (after deducting expenses) to its sole shareholder, the Teachers Retirement System of Illinois. Notably, the corporation does not engage in any programs or activities beyond its designated purpose.
Is Tr 2300 N Street Corp C/O Lpc Realty Advisors I Lp legitimate?
Tr 2300 N Street Corp C/O Lpc Realty Advisors I Lp is a legitimate nonprofit organization registered as a 501(c)(25) entity. Tr 2300 N Street 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
For more financial information, click here
What is the mission statement of Tr 2300 N Street Corp C/O Lpc Realty Advisors I Lp?
The organization, Tr 2300 N Street Corp C/O Lpc Realty Advisors I Lp, is established as a 501(c)(25) entity with a specific mission. Its primary purpose is to manage real property, collect income generated from this property, and subsequently transfer the entire net income (after deducting expenses) to its sole shareholder, the Teachers Retirement System of Illinois, a tax-exempt pension fund that adheres to the criteria of Section 401(a) of the Internal Revenue Code. This organization operates with the objective of channeling income from its property holdings towards its tax-exempt shareholder, thereby fulfilling its role in the property management sector.
Who is the CEO of Tr 2300 N Street Corp C/O Lpc Realty Advisors I Lp?
Jenifer Ratcliffe is the President of Tr 2300 N Street Corp C/O Lpc Realty Advisors I Lp.
What is the revenue of Tr 2300 N Street Corp C/O Lpc Realty Advisors I Lp?
Tr 2300 N Street Corp C/O Lpc Realty Advisors I Lp's revenue in 2022 was -$53,647,613.
Who are the executives of Tr 2300 N Street Corp C/O Lpc Realty Advisors I Lp and what are their salaries?
Here are 3 key members and their salaries:
- 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 Tr 2300 N Street Corp C/O Lpc Realty Advisors I Lp?
Tr 2300 N Street 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 2300 N Street Corp C/O Lpc Realty Advisors I Lp
Tr 2300 N Street Corp, under the leadership of Lpc Realty Advisors I Lp, is organized as a 501(c)(25) entity with a specific mission. This corporation was established primarily to serve the exclusive purpose of holding title to real property, collecting income generated from that property, and then remitting the entire net income, after deducting expenses, to its sole shareholder. The sole shareholder in question is the Teachers Retirement System of Illinois, a tax-exempt pension fund that meets the criteria set out in Section 401(a) of the Internal Revenue Code. This section exempts trusts from taxation under Section 501(a) of the same code. In essence, Tr 2300 N Street Corp acts as a conduit, transferring income from its real estate holdings to the Teachers Retirement System of Illinois.
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
Tr 2300 N Street Corp C/O Lpc Realty Advisors I Lp plays a significant role in the financial sustainability of the Teachers Retirement System of Illinois. It holds titles to real estate, effectively managing property assets that generate income. This income is crucial as it is remitted to the Teachers Retirement System of Illinois, ensuring that the pension fund remains robust. By providing a steady stream of revenue, the corporation supports the financial well-being of educators in Illinois, contributing to their retirement security.
In the broader context, the activities of Tr 2300 N Street Corp foster community stability through property management and maintenance, ensuring that the properties under its care contribute positively to the neighborhoods they inhabit. This form of investment not only aids individuals but also promotes community improvement by maintaining valuable real estate and supporting the financial infrastructure essential for a reliable retirement system.
This information is meant to be a general summary of Tr 2300 N Street 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.
- Investment Income: -$56,882,664
- Gross Receipts: $152,128,786
Assets and Liabilities:
- Total Assets: $575,806
- Total Liabilities: $3,807
- Net Assets: $571,999
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2010
Phone
(312) 345-8784Principal Officer
Jenifer Ratcliffe
Main Address
120 NORTH LASALLE STREET 2900, CHICAGO, IL, 60602
NTEE Category
Code: S470 - Community improvement
If you are a representative of Tr 2300 N Street Corp C/O Lpc Realty Advisors I Lp 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.