Overview
What is Town Center Apartments Inc C/O Aew Capital Management Lp?
Town Center Apartments Inc, operating under the management of Aew Capital Management LP, serves as a custodian for real estate investments belonging to a public employee retirement plan. Their primary role is to maintain title ownership of these investments. They collect income generated from these properties and distribute it back to the retirement plan, thereby contributing to the retirement savings of public employees. Based in Boston, Massachusetts, this organization plays a critical role in managing and maximizing the returns on the retirement plan's real estate investments.
Is Town Center Apartments Inc C/O Aew Capital Management Lp legitimate?
Town Center Apartments Inc C/O Aew Capital Management Lp is a legitimate nonprofit organization registered as a 501(c)(25) entity. Town Center Apartments Inc C/O Aew Capital Management 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: $658,245
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What is the mission statement of Town Center Apartments Inc C/O Aew Capital Management Lp?
The mission of Town Center Apartments Inc C/O Aew Capital Management Lp is centered around managing real estate investments on behalf of a public employee retirement plan. Their primary objective is to hold title to these investments and collect income generated from them. Subsequently, they are responsible for distributing this income back to the retirement plan, thereby contributing to the financial security of the public employees associated with it. This role ensures that the retirement funds are invested wisely and efficiently, providing a steady income stream for the retirees.
What is the revenue of Town Center Apartments Inc C/O Aew Capital Management Lp?
Town Center Apartments Inc C/O Aew Capital Management Lp's revenue in 2024 was $8,169,780.
Who are the executives of Town Center Apartments Inc C/O Aew Capital Management Lp and what are their salaries?
There 16 volunteers at Town Center Apartments Inc C/O Aew Capital Management Lp.
Here are 15 key members and their salaries:
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Where can I find the form 990 for Town Center Apartments Inc C/O Aew Capital Management Lp?
Town Center Apartments Inc C/O Aew Capital Management Lp's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Town Center Apartments Inc C/O Aew Capital Management Lp
Town Center Apartments Inc C/O Aew Capital Management Lp, as a holder of real estate investments, carries out a mission to collect and distribute income derived from these investments to a public employee retirement plan. In essence, this organization serves as a custodian of real estate investments for a retirement plan, ensuring the steady flow of income for the beneficiaries of the plan. This mission is crucial in providing financial security for public employees who have retired, enabling them to maintain a comfortable lifestyle. The organization's role is to manage these investments diligently, aiming to maximize returns while ensuring the long-term sustainability of the retirement plan.
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Impact
October, 2024
Town Center Apartments Inc C/O AEW Capital Management LP plays a significant role in managing real estate investments for a public employee retirement plan. By holding the title to these investments, the organization ensures the stability and growth of assets that are vital for sustaining the retirement benefits of public employees.
The revenue generated from these real estate investments is crucial, as it is collected and distributed to the employee retirement plan. This not only contributes to the financial security of retirees but also supports the overall economic health of the community by stabilizing the investment properties and potentially improving local neighborhoods.
In addition, the organization's focus on community improvement aligns with its mission, as the management of real estate can lead to enhanced living conditions, increased property values, and the creation of jobs within the real estate sector. Overall, the impact of Town Center Apartments Inc C/O AEW Capital Management LP extends beyond just financial transactions, influencing both individual livelihoods and the broader community landscape in Boston, MA.
This information is meant to be a general summary of Town Center Apartments Inc C/O Aew Capital Management 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 2024.
- Investment Income: $3,168
- Program Service Revenue: $8,071,556
- Gross Receipts: $8,169,780
Assets and Liabilities:
- Total Assets: $89,917,456
- Total Liabilities: $39,284,378
- Net Assets: $50,633,078
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$8,071,556
Organization Details
Founding Year
2003
Principal Officer
Mindy Fitzpatrick
NTEE Category
Code: S47 - Community improvement
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