Overview
What is Tr Boulevard Corp C/O Heitman Capital Management Llc?
Tr Boulevard Corp C/O Heitman Capital Management Llc is a real estate organization situated in Chicago, Illinois. Its primary function is to serve as a title holder for properties and manage their income. The corporation collects revenue generated from these properties and subsequently remits the entire net income, after deducting expenses, to its sole shareholder, the Teachers Retirement System of Illinois. This shareholder is a tax-exempt pension fund that adheres to the requirements of Section 401(A) of the Internal Revenue Code, making it exempt from taxation under Section 501(A) of the code. In essence, Tr Boulevard Corp C/O Heitman Capital Management Llc acts as a facilitator, ensuring the efficient use of real estate assets for the benefit of the Teachers Retirement System of Illinois.
Is Tr Boulevard Corp C/O Heitman Capital Management Llc legitimate?
Tr Boulevard Corp C/O Heitman Capital Management Llc is a legitimate nonprofit organization registered as a 501(c)(25) entity. Tr Boulevard Corp C/O Heitman Capital Management 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 Boulevard Corp C/O Heitman Capital Management Llc?
Tr Boulevard Corp C/O Heitman Capital Management Llc is a 501(C)(25) organization, established for the sole purpose of holding title to real property. Its primary function involves collecting income generated from this property and then remitting the entire amount, less expenses, to its sole shareholder. The shareholder in question is the Teachers Retirement System of Illinois, a tax-exempt pension fund that meets the requirements of Section 401(A) of the Internal Revenue Code, making trusts exempt from taxation under Section 501(A) of the code. In essence, Tr Boulevard Corp C/O Heitman Capital Management Llc serves as a property management entity, generating income for its shareholder, the Teachers Retirement System of Illinois.
Who is the CEO of Tr Boulevard Corp C/O Heitman Capital Management Llc?
Jennifer L Boss is the President, Secretary,& Tre of Tr Boulevard Corp C/O Heitman Capital Management Llc.
What is the revenue of Tr Boulevard Corp C/O Heitman Capital Management Llc?
Tr Boulevard Corp C/O Heitman Capital Management Llc's revenue in 2022 was $2,376,622.
Who are the executives of Tr Boulevard Corp C/O Heitman Capital Management Llc and what are their salaries?
Here are 3 key members and their salaries:
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Where can I find the form 990 for Tr Boulevard Corp C/O Heitman Capital Management Llc?
Tr Boulevard Corp C/O Heitman Capital Management Llc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Tr Boulevard Corp C/O Heitman Capital Management Llc
Tr Boulevard Corp C/O Heitman Capital Management Llc, as a 501(c)(25) organization, was established with a specific purpose. Its mission is to hold title to real property, collect income generated from this property, and subsequently remit the entire net income, after deducting expenses, to its sole shareholder. This shareholder is the Teachers Retirement System of Illinois, a tax-exempt pension fund that falls under Section 401(a) of the Internal Revenue Code. As per this section, trusts are exempt from taxation under Section 501(a) of the code. In essence, Tr Boulevard Corp C/O Heitman Capital Management Llc serves as a financial intermediary, managing property income on behalf of the Teachers Retirement System of Illinois.
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Impact
October, 2024
Tr Boulevard Corp C/O Heitman Capital Management LLC plays a vital role in managing real estate assets in Chicago, Illinois. By holding title to properties, the organization collects income generated from these assets and ensures that the net proceeds are remitted to the Teachers Retirement System of Illinois, its sole shareholder. This structured approach supports the financial stability of the pension fund, which ultimately benefits educators and retirees who rely on its resources.
The focus on real estate management enhances community improvement by maintaining and optimizing property value, which can lead to revitalization efforts in the neighborhoods where these properties are located. Moreover, by operating as a 501(c)(25) organization, Tr Boulevard Corp fulfills a specialized role that aligns with both business and community interests, reinforcing the economic foundation of the area and contributing to local development. The organization's activities can have a ripple effect, promoting further investment and growth, benefiting both the community and the stakeholders involved.
This information is meant to be a general summary of Tr Boulevard Corp C/O Heitman Capital Management 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: $6,578,288
Assets and Liabilities:
- Total Assets: $117,338,098
- Total Liabilities: $34,679,842
- Net Assets: $82,658,256
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Organization Details
Founding Year
2013
Phone
(312) 541-6764Principal Officer
Jennifer L Boss
Main Address
191 N WACKER DRIVE 2500, CHICAGO, IL, 60606
NTEE Category
Code: S47 - Community improvement
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