Keystone-Florida Property Holding Corp C/O Public School Employees' Retire Sys

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

EIN: 363922504 ✦ Harrisburg, PA ✦ Designated as a 501(c)(25)

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Overview

What is Keystone-Florida Property Holding Corp C/O Public School Employees' Retire Sys?

Keystone-Florida Property Holding Corp, a Sec. 501(c)(25) organization, acts as a title holding company for the benefit of the Commonwealth of Pennsylvania Public School Employees' Retirement System, a tax-exempt pension fund that meets the requirements of Sec. 401(a). This nonprofit organization holds titles for the retirement system, ensuring its assets are securely managed and maintained. The retirement system, in turn, provides essential benefits to public school employees in Pennsylvania.

Is Keystone-Florida Property Holding Corp C/O Public School Employees' Retire Sys legitimate?

Keystone-Florida Property Holding Corp C/O Public School Employees' Retire Sys is a legitimate nonprofit organization registered as a 501(c)(25) entity. Keystone-Florida Property Holding Corp C/O Public School Employees' Retire Sys 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 Keystone-Florida Property Holding Corp C/O Public School Employees' Retire Sys?

Keystone-Florida Property Holding Co. functions as a title holding company, specifically for the benefit of the Pennsylvania Public Employees' Retirement System, a tax-exempt pension fund that complies with Section 401(a) of the Internal Revenue Code. This organization, classified under Section 501(c)(25), is dedicated to serving this particular pension fund. Its primary role is to hold and manage the titles of the assets belonging to the retirement system. By doing so, it ensures the secure and effective administration of the pension fund's assets.

Who is the CEO of Keystone-Florida Property Holding Corp C/O Public School Employees' Retire Sys?

Ojas Desai is the President of Keystone-Florida Property Holding Corp C/O Public School Employees' Retire Sys.

What is the revenue of Keystone-Florida Property Holding Corp C/O Public School Employees' Retire Sys?

Keystone-Florida Property Holding Corp C/O Public School Employees' Retire Sys's revenue in 2022 was $15,946,796.

Who are the executives of Keystone-Florida Property Holding Corp C/O Public School Employees' Retire Sys and what are their salaries?

There 3 volunteers at Keystone-Florida Property Holding Corp C/O Public School Employees' Retire Sys.


Here are 8 key members and their salaries:


William Q Oconnor (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joel L Bayer (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ojas Desai (Secretary & Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert J Devine (Director, Eff. 4/11/22)
  • Compensation: $0
  • Related: $375,476
  • Other: $0
James H Grossman Jr (Director, Thru 4/11/22)
  • Compensation: $0
  • Related: $573,704
  • Other: $8,012
William P Stalter (Director, Eff. 4/11/22)
  • Compensation: $0
  • Related: $242,086
  • Other: $0
Charles J Spiller (Director, Thru 4/11/22)
  • Compensation: $0
  • Related: $247,002
  • Other: $4,797
Melissa A Quackenbush (Director)
  • Compensation: $0
  • Related: $239,956
  • Other: $8,106
Where can I find the form 990 for Keystone-Florida Property Holding Corp C/O Public School Employees' Retire Sys?

Keystone-Florida Property Holding Corp C/O Public School Employees' Retire Sys's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Keystone-Florida Property Holding Corp C/O Public School Employees' Retire Sys

Keystone-Florida Property Holding Corp, a tax-exempt organization under section 501(c)(25), acts as a title holding company for the Commonwealth of Pennsylvania Public Employees' Retirement System, a pension fund that adheres to the requirements of section 401(a). This esteemed organization is dedicated to serving the needs of the Public Employees' Retirement System in a unique capacity, ensuring the secure and effective management of its assets.

The Keystone-Florida Property Holding Corp, an integral part of the retirement system's infrastructure, is committed to upholding the financial well-being of the Commonwealth of Pennsylvania's public school employees. By functioning as a title holding company, it provides a crucial service, safeguarding the retirement system's interests and facilitating its long-term goals. The organization's mission is anchored in its dedication to the retirement system and its members, demonstrating a strong sense of responsibility and stewardship.

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Impact




October, 2024

Keystone-Florida Property Holding Corp C/O Public School Employees' Retire Sys plays a crucial role in facilitating the management and holding of real property assets for the Commonwealth of Pennsylvania Public Employees' Retirement System (PERS). By serving as a title holding company, it enables the pension fund to effectively oversee and safeguard its real estate investments, ensuring compliance with the tax-exempt status under Section 401(a).

The impact of this organization is significant as it allows PERS to enhance its investment portfolio through the acquisition and management of real estate assets, generating potential income and value appreciation over time. This, in turn, contributes to the financial stability and sustainability of the retirement system, ultimately benefiting public employees who rely on these pension funds for their retirement security. Furthermore, by ensuring that these assets are managed appropriately, Keystone-Florida plays a pivotal role in maintaining the trust of stakeholders and supporting the broader goals of public employee benefits in Pennsylvania.




This information is meant to be a general summary of Keystone-Florida Property Holding Corp C/O Public School Employees' Retire Sys. 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
$15,946,796 (2022)
Expenses
$14,451,959 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $64,332
  • Program Service Revenue: $15,745,746
  • Gross Receipts: $15,946,796

Assets and Liabilities:

  • Total Assets: $123,794,516
  • Total Liabilities: $1,773,509
  • Net Assets: $122,021,007

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

RENTAL INCOME

Revenue

$15,745,746

Organization Details

Founding Year

1993

Principal Officer

Ojas Desai

Main Address

5 N 5TH STREET, HARRISBURG, PA, 171011905

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