Overview
What is Tr Two Addison Corp C/O Lpc Realty Advisors I Lp?
Tr Two Addison Corp C/O Lpc Realty Advisors I Lp is a real estate organization, headed by Jennifer Ratcliffe, with a primary purpose of managing property. The company, based in Chicago, Illinois, generated an annual revenue of $2,570,000. It functions as a 501(C)(25) organization, holding title to real property, collecting income from it, and remitting the entire income (after deducting expenses) to its sole shareholder, the Teachers Retirement System of Illinois. This system is a tax-exempt pension fund that complies with the Internal Revenue Code's Section 401(A), exempt from taxation under Section 501(A) of the Code.
Is Tr Two Addison Corp C/O Lpc Realty Advisors I Lp legitimate?
Tr Two Addison Corp C/O Lpc Realty Advisors I Lp is a legitimate nonprofit organization registered as a 501(c)(25) entity. Tr Two Addison Corp C/O Lpc Realty Advisors I 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:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Tr Two Addison Corp C/O Lpc Realty Advisors I Lp?
Tr Two Addison Corp C/O Lpc Realty Advisors I Lp is a 501(C)(25) organization with a specific purpose. Its primary role is to hold title to real property and collect income generated from this property. The organization then remits the net income, after deducting expenses, to its sole shareholder, the Teachers Retirement System of Illinois. This pension fund, being tax-exempt under Section 401(A) of the Internal Revenue Code, meets the requirements of Section 501(A) of the Code, which exempts trusts from taxation. The corporation's main objective is to serve this sole shareholder by managing its property-related income efficiently.
Who is the CEO of Tr Two Addison Corp C/O Lpc Realty Advisors I Lp?
Jenifer Ratcliffe is the President of Tr Two Addison Corp C/O Lpc Realty Advisors I Lp.
What is the revenue of Tr Two Addison Corp C/O Lpc Realty Advisors I Lp?
Tr Two Addison Corp C/O Lpc Realty Advisors I Lp's revenue in 2022 was $2,451,401.
Who are the executives of Tr Two Addison Corp C/O Lpc Realty Advisors I Lp 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 Two Addison Corp C/O Lpc Realty Advisors I Lp?
Tr Two Addison Corp C/O Lpc Realty Advisors I Lp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Tr Two Addison Corp C/O Lpc Realty Advisors I Lp
Tr Two Addison Corp C/O Lpc Realty Advisors I Lp is a 501(C)(25) organization, established with the sole purpose of managing real property. Its mission is to collect income from this property and subsequently remit the entire net income, after deducting expenses, to its sole shareholder: the Teachers Retirement System of Illinois. This pension fund, exempt from taxation under Section 501(A) of the Internal Revenue Code, serves as the beneficiary of the income generated by Tr Two Addison Corp C/O Lpc Realty Advisors I Lp's property holdings. In essence, the corporation's role is to act as a financial intermediary, facilitating the transfer of income from its property investments to the Teachers Retirement System of Illinois.
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Impact
October, 2024
Tr Two Addison Corp, based in Chicago, operates as a real estate organization focused on property management and income generation. Its primary activity is to hold title to real estate, collect income from these properties, and remit the net income to the Teachers Retirement System of Illinois, its sole shareholder. By generating significant revenue—$2,570,000 last year—it plays a crucial role in supporting the financial stability of the pension fund, which benefits teachers in Illinois. This support indirectly enhances community improvement by ensuring that educators have access to reliable retirement resources. Moreover, the corporation's commitment to real estate management contributes to local economic activity and development, underlying its role in the well-being of the community.
This information is meant to be a general summary of Tr Two Addison Corp C/O Lpc Realty Advisors I 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 2022.
- Gross Receipts: $5,938,131
Assets and Liabilities:
- Total Assets: $49,375,437
- Total Liabilities: $22,584,176
- Net Assets: $26,791,261
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Organization Details
Founding Year
2014
Phone
(312) 345-8784Principal Officer
Jenifer Ratcliffe
Main Address
120 NORTH LASALLE STREET 2900, CHICAGO, IL, 60602
NTEE Category
Code: S47 - Community improvement
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