Overview
What is 1111 Israel Road Llc C/O Tlo Real Estate Department?
1111 Israel Road Llc C/O Tlo Real Estate Department is a 501(C)(25) nonprofit organization, located at 2600 Cordova Street 201, Anchorage, AK 99503. Its primary objective is to acquire real property, hold title to it, and generate income from the property. This income, less any expenses, is then distributed to the organization's sole member, the Alaska Mental Health Trust Authority, a branch of government that meets the criteria for 501(C)(25)(C). This nonprofit's activities revolve around property acquisition, title holding, and income redistribution.
Is 1111 Israel Road Llc C/O Tlo Real Estate Department legitimate?
1111 Israel Road Llc C/O Tlo Real Estate Department is a legitimate nonprofit organization registered as a 501(c)(25) entity. 1111 Israel Road Llc C/O Tlo Real Estate Department 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
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What is the mission statement of 1111 Israel Road Llc C/O Tlo Real Estate Department?
The mission of 1111 Israel Road Llc, represented by Tlo Real Estate Department, is centered around acquiring real property, maintaining ownership, and collecting income derived from this property. The primary objective is to distribute the entire income, after deducting expenses, to its members. This organization operates as a 501(C)(25) entity, with the sole member being the Alaska Mental Health Trust Authority, a government branch that meets the requirements for this classification. The activities of 1111 Israel Road Llc are focused on generating income from real estate investments and distributing these proceeds to its members.
Who is the CEO of 1111 Israel Road Llc C/O Tlo Real Estate Department?
Jusdi Warner is the Jusdi Warner, Officer Of Manager As Of 9/1 of 1111 Israel Road Llc C/O Tlo Real Estate Department.
What is the revenue of 1111 Israel Road Llc C/O Tlo Real Estate Department?
1111 Israel Road Llc C/O Tlo Real Estate Department's revenue in 2022 was $1,616,852.
Who are the executives of 1111 Israel Road Llc C/O Tlo Real Estate Department and what are their salaries?
There 1 volunteer at 1111 Israel Road Llc C/O Tlo Real Estate Department.
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $167,276
- Other: $21,924
- Compensation: $0
- Related: $179,210
- Other: $14,760
Where can I find the form 990 for 1111 Israel Road Llc C/O Tlo Real Estate Department?
1111 Israel Road Llc C/O Tlo Real Estate Department's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of 1111 Israel Road Llc C/O Tlo Real Estate Department
1111 Israel Road Llc C/O Tlo Real Estate Department, a 501(C)(25) organization, was established with a singular purpose. Its mission is to procure real property, retain ownership, and generate income from these assets. The primary objective is to subsequently distribute the entire income, less any incurred expenses, to its members. The sole member of this LLC is the Alaska Mental Health Trust Authority, a government branch that meets the criteria for Section 501(C)(25)(C). This organization's role is to collect income from the real estate properties, manage them efficiently, and then redistribute the earnings to its primary member, the Alaska Mental Health Trust Authority.
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Impact
October, 2024
1111 Israel Road LLC C/O Tlo Real Estate Department plays a significant role in the management and distribution of real estate income, particularly benefiting the Alaska Mental Health Trust Authority. By acquiring and holding title to real property, the organization ensures a consistent revenue stream, which is then remitted to its sole member, the Alaska Mental Health Trust Authority. This arrangement not only enhances the Trust Authority's financial resources but also supports its broader mission to improve mental health services and programs in Alaska.
The impact of this LLC can be observed in several key areas:
1. **Financial Support for Mental Health Initiatives**: The income generated from these properties directly supports the Alaska Mental Health Trust Authority, enabling it to fund projects and initiatives that prioritize mental health and community well-being.
2. **Community Improvement**: By focusing on real property acquisition, the LLC contributes to the overall improvement and development of Anchorage and the surrounding areas. The management of these properties can lead to revitalization of neighborhoods, enhancement of public spaces, and improved infrastructure.
3. **Sustainable Income Strategy**: The organization’s approach to collecting and distributing income allows for a sustainable financial model that can adapt to changing economic conditions while continuing to support its members effectively.
4. **Public Benefit**: The alignment of its activities with the public good means that the benefits extend beyond just financial returns to the Trust Authority; they also encompass the betterment of community services related to mental health, ultimately fostering a healthier environment for residents.
In summary, 1111 Israel Road LLC serves as a crucial asset for the Alaska Mental Health Trust Authority, enhancing its capacity to deliver critical services while simultaneously contributing to the improvement of the Anchorage community.
This information is meant to be a general summary of 1111 Israel Road Llc C/O Tlo Real Estate Department. 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.
- Program Service Revenue: $1,616,852
- Gross Receipts: $1,616,852
Assets and Liabilities:
- Total Assets: $16,314,536
- Total Liabilities: $5,533,727
- Net Assets: $10,780,809
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$1,616,852
Organization Details
Founding Year
2013
Phone
(907) 269-8572Principal Officer
Jusdi Warner
Main Address
2600 CORDOVA STREET 201, ANCHORAGE, AK, 99503
NTEE Category
Code: S47 - Community improvement
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