Overview
What is Tr Park Place Corporation C/O Barings Llc?
Tr Park Place Corporation C/O Barings Llc is a corporation primarily focused on acquiring and holding title to real property. The organization generates income from this property and subsequently remits the entire amount, after deducting expenses, to its shareholders, which are nonprofit organizations categorized under IRS Section 501(C)(25). This corporation's main objective is to invest in real estate and distribute the profit to its affiliated nonprofit entities.
Is Tr Park Place Corporation C/O Barings Llc legitimate?
Tr Park Place Corporation C/O Barings Llc is a legitimate nonprofit organization registered as a 501(c)(25) entity. Tr Park Place Corporation C/O Barings Llc 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 Tr Park Place Corporation C/O Barings Llc?
Tr Park Place Corporation C/O Barings Llc's primary objective is to acquire and hold title to real property. The corporation collects income generated from these properties and then distributes the entire amount, after deducting expenses, to the organizations listed under IRS Section 501(C)(25). These organizations serve as the corporation's shareholders. In essence, the corporation's mission is to generate income from real estate investments and distribute it to its affiliated organizations.
Who is the CEO of Tr Park Place Corporation C/O Barings Llc?
Elena Walsh Co Barings Llc is the Director of Tr Park Place Corporation C/O Barings Llc.
What is the revenue of Tr Park Place Corporation C/O Barings Llc?
Tr Park Place Corporation C/O Barings Llc's revenue in 2022 was $296,270.
Who are the executives of Tr Park Place Corporation C/O Barings Llc and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Tr Park Place Corporation C/O Barings Llc?
Tr Park Place Corporation C/O Barings Llc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Tr Park Place Corporation C/O Barings Llc
Tr Park Place Corporation C/O Barings Llc is established with a mission to acquire and hold title to real property. The primary objective of this corporation is to generate income from these properties and subsequently distribute the entire net income, after deducting expenses, to the organizations described under IRS Section 501(C)(25). These organizations serve as shareholders for the corporation, benefiting from the income generated from the real estate investments. In essence, Tr Park Place Corporation C/O Barings Llc functions as a real estate investment entity, aiming to generate income and distribute it to its shareholder organizations.
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Impact
October, 2024
Tr Park Place Corporation C/O Barings LLC significantly impacts the community by acquiring and managing real estate assets that generate income, which is subsequently distributed to its shareholders. This process not only supports the financial viability of the participating organizations but also contributes to the community's economic development through responsible property management and investment.
By focusing on real estate, Tr Park Place facilitates the efficient use of land and properties, which can lead to enhanced community infrastructure and services. The income collected from these properties can be reinvested into various community improvement initiatives, supporting local organizations that work towards social betterment.
The corporation’s activities also promote stability in the real estate market, potentially leading to improved property values and enhanced quality of life for residents in the areas in which they operate. Overall, Tr Park Place plays a crucial role in fostering economic growth while ensuring that the proceeds benefit organizations dedicated to public service and community enhancement.
This information is meant to be a general summary of Tr Park Place Corporation C/O Barings Llc. 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: $296,270
Assets and Liabilities:
- Total Assets: $184,596
- Total Liabilities: $26,939
- Net Assets: $157,657
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
GROSS RENTAL REVENUE
Organization Details
Founding Year
2013
Phone
(704) 805-7200Principal Officer
Elena Walsh Co Barings Llc
Main Address
300 S TRYON STREET SUITE 2500, CHARLOTTE, NC, 28202
NTEE Category
Code: S47 - Community improvement
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