Overview
What is Tr Parkside Towers Corp C/O Heitman Capital Management Llc?
Tr Parkside Towers Corp C/O Heitman Capital Management LLC is a 501(c)(25) nonprofit organization based in Chicago, Illinois. Its primary function is to manage property, collect income, and then remit the net income to its sole shareholder, the Teachers Retirement System of Illinois. This organization was established exclusively for this purpose, with the sole intention of handling real estate property matters and financially benefiting its shareholder. It does not have any programs or additional missions beyond this primary focus.
Is Tr Parkside Towers Corp C/O Heitman Capital Management Llc legitimate?
Tr Parkside Towers Corp C/O Heitman Capital Management Llc is a legitimate nonprofit organization registered as a 501(c)(25) entity. Tr Parkside Towers 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 Parkside Towers Corp C/O Heitman Capital Management Llc?
Tr Parkside Towers Corp C/O Heitman Capital Management Llc is a 501(C)(25) organization with a specific mission. Its primary objective is to hold title to real property and collect income generated from this property. The corporation then remits the entire income, after deducting expenses, to its sole shareholder, the Teachers Retirement System of Illinois, which is a tax-exempt pension fund under Section 401(A) of the Internal Revenue Code. This pension fund meets the requirements of Section 501(A) of the code, making it exempt from taxation. In essence, Tr Parkside Towers Corp C/O Heitman Capital Management Llc serves as a financial intermediary, managing real estate properties and distributing the income to its beneficiary, the Teachers Retirement System of Illinois.
Who is the CEO of Tr Parkside Towers Corp C/O Heitman Capital Management Llc?
Jennifer L Boss is the President, Secretary, & Tr of Tr Parkside Towers Corp C/O Heitman Capital Management Llc.
What is the revenue of Tr Parkside Towers Corp C/O Heitman Capital Management Llc?
Tr Parkside Towers Corp C/O Heitman Capital Management Llc's revenue in 2022 was $8,466,756.
Who are the executives of Tr Parkside Towers 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 Parkside Towers Corp C/O Heitman Capital Management Llc?
Tr Parkside Towers 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 Parkside Towers Corp C/O Heitman Capital Management Llc
Tr Parkside Towers Corp C/O Heitman Capital Management Llc, as a 501(C)(25) organization, was established with a singular purpose. Its mission is to serve as a title holder for real property, generating income from this property, and then remitting the entire net income (after deducting expenses) to its sole shareholder. This shareholder, the Teachers Retirement System of Illinois, is a tax-exempt pension fund that adheres to the provisions of Section 401(A) of the Internal Revenue Code. These trusts are exempt from taxation under Section 501(A) of the code. In essence, Tr Parkside Towers Corp C/O Heitman Capital Management Llc's role is to act as a financial intermediary, collecting income from the property it holds and then transferring this income to its tax-exempt shareholder.
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Impact
October, 2024
Tr Parkside Towers Corp, managed by Heitman Capital Management LLC, plays a critical role in supporting the financial health of the Teachers Retirement System of Illinois. By holding title to property and collecting income, it ensures that revenues generated from these assets are efficiently remitted to the pension fund, thereby providing a steady stream of income that contributes to the sustainability of retirement benefits for teachers in Illinois.
This organization operates without independent programs, focusing solely on its financial mission. Its ability to manage property and income streams directly impacts the resources available to educators in retirement, enhancing their financial security. Moreover, by functioning as a dedicated entity for this purpose, it streamlines operations and minimizes costs, maximizing the net income that benefits teachers.
In addition to its financial functions, Tr Parkside Towers Corp contributes to community improvement through its real estate holdings, which can positively influence local economies and provide stability. Its operations serve a vital role in the ecosystem that supports educators, underscoring the importance of dedicated management in fulfilling fiduciary responsibilities to its shareholder, the Teachers Retirement System of Illinois.
This information is meant to be a general summary of Tr Parkside Towers 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: $20,622,588
Assets and Liabilities:
- Total Assets: $281,076,689
- Total Liabilities: $106,528,778
- Net Assets: $174,547,911
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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: S50 - Community improvement
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