Overview
What is Tr Lakeline Market Retail Corp Ii?
Tr Lakeline Market Retail Corp II is a title holding corporation, functioning under IRC Section 501(c)(25), situated in Dallas, Texas. Its primary role is to manage the ownership of real estate properties on behalf of the Teachers Retirement System of the State of Illinois. The corporation's mission is to serve as a reliable intermediary, ensuring the proper title to real property is maintained for the retirement system.
Is Tr Lakeline Market Retail Corp Ii legitimate?
Tr Lakeline Market Retail Corp Ii is a legitimate nonprofit organization registered as a 501(c)(25) entity. Tr Lakeline Market Retail Corp Ii 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 Tr Lakeline Market Retail Corp Ii?
Tr Lakeline Market Retail Corp II functions as a title holding corporation, falling under the category of IRC Section 501(c)(25). Its primary role is to hold title to real property on behalf of the Teachers Retirement System of the State of Illinois. The corporation does not have a traditional mission statement focusing on social or charitable causes, but rather serves a specific purpose in property management for a retirement system.
Who is the CEO of Tr Lakeline Market Retail Corp Ii?
Lee Phegley is the Principal Officer of Tr Lakeline Market Retail Corp Ii.
What is the revenue of Tr Lakeline Market Retail Corp Ii?
Tr Lakeline Market Retail Corp Ii's revenue in 2022 was $176,412.
Who are the executives of Tr Lakeline Market Retail Corp Ii 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 Tr Lakeline Market Retail Corp Ii?
Tr Lakeline Market Retail Corp Ii's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Tr Lakeline Market Retail Corp Ii
Tr Lakeline Market Retail Corp II, as a title holding corporation, operates under the guidelines of IRC Section 501(c)(25). Its primary mission is to hold title to real property on behalf of the Teachers Retirement System of the State of IL. This organization serves as a legal entity that secures property ownership, acting as a trusted intermediary between the retirement system and the property market. By performing this function, Tr Lakeline Market Retail Corp II contributes to the financial stability and asset management of the Teachers Retirement System of the State of IL. Overall, the corporation operates with a focus on title holding, ensuring smooth property transactions and safeguarding the interests of the retirement system.
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Impact
October, 2024
Tr Lakeline Market Retail Corp II plays a crucial role in the real estate landscape by holding title to properties on behalf of the Teachers Retirement System of the State of Illinois. This enables the organization to manage real estate assets effectively, ensuring that they serve the interests of retired teachers and contribute to their financial stability.
By operating as a title holding corporation, Tr Lakeline Market Retail Corp II supports community improvement initiatives and enhances property management efficiencies. The strategic oversight of real property not only supports the financial health of the Teachers Retirement System but also contributes to the overall economic vitality of the Dallas area by potentially increasing property values and fostering community development.
Through its activities, the organization reinforces a commitment to safeguarding the investments of educators, while also playing a part in the growth and sustainability of the local community.
This information is meant to be a general summary of Tr Lakeline Market Retail Corp Ii. 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.
- Gross Receipts: $181,500
Assets and Liabilities:
- Total Assets: $4,102,625
- Total Liabilities: $5,947
- Net Assets: $4,096,678
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Organization Details
Founding Year
2015
Phone
(972) 715-7400Principal Officer
Lee Phegley
Main Address
2001 ROSS AVENUE SUITE 3400, DALLAS, TX, 75201
NTEE Category
Code: S47 - Community improvement
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