Overview
What is Tr Royal Palm Corp C/O Lpc Realty Advisors I Lp?
Tr Royal Palm Corp C/O Lpc Realty Advisors I Lp is a real estate organization, primarily functioning to manage and generate revenue from properties. Its primary objective, as stated in its mission, is to hold title to real property, collect income from these properties, and then remit the entire income (after deducting expenses) to its sole shareholder, the Teachers Retirement System of Illinois. This retirement system is a tax-exempt pension fund that meets the requirements of Section 401(A) of the Internal Revenue Code, making it exempt from taxation under Section 501(A) of the Code. The corporation operates as a 501(C)(25) organization, which is a unique category for organizations that hold title to real property for the purpose of generating revenue for another entity.
Is Tr Royal Palm Corp C/O Lpc Realty Advisors I Lp legitimate?
Tr Royal Palm Corp C/O Lpc Realty Advisors I Lp is a legitimate nonprofit organization registered as a 501(c)(25) entity. Tr Royal Palm 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Tr Royal Palm Corp C/O Lpc Realty Advisors I Lp?
Tr Royal Palm Corp C/O Lpc Realty Advisors I Lp is a 501(C)(25) organization with a specific mission. Its primary purpose 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, a tax-exempt pension fund that meets the requirements of Section 401(A) of the Internal Revenue Code. By doing so, Tr Royal Palm Corp C/O Lpc Realty Advisors I Lp plays a role in managing the financial assets of the pension fund.
Who is the CEO of Tr Royal Palm Corp C/O Lpc Realty Advisors I Lp?
Jenifer Ratcliffe is the President of Tr Royal Palm Corp C/O Lpc Realty Advisors I Lp.
What is the revenue of Tr Royal Palm Corp C/O Lpc Realty Advisors I Lp?
Tr Royal Palm Corp C/O Lpc Realty Advisors I Lp's revenue in 2022 was $5,531,531.
Who are the executives of Tr Royal Palm 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 Royal Palm Corp C/O Lpc Realty Advisors I Lp?
Tr Royal Palm 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 Royal Palm Corp C/O Lpc Realty Advisors I Lp
Tr Royal Palm Corp C/O Lpc Realty Advisors I Lp, as a 501(c)(25) organization, was established with a clear mission. This mission is primarily focused on holding title to real property, collecting income generated from this property, and subsequently remitting the entire net income, minus any expenses, to its sole shareholder. This shareholder is none other than the Teachers Retirement System of Illinois, a tax-exempt pension fund that adheres to the requirements of Section 401(a) of the Internal Revenue Code. The trusts under this section are exempt from taxation under Section 501(a) of the code. In essence, Tr Royal Palm Corp C/O Lpc Realty Advisors I Lp serves as a conduit, transferring income from real estate investments to the Teachers Retirement System of Illinois.
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Impact
October, 2024
Tr Royal Palm Corp C/O Lpc Realty Advisors I Lp plays a significant role in the real estate sector by managing property assets and generating revenue that directly supports the Teachers Retirement System of Illinois. This organization focuses on holding title to real estate and collecting income derived from those properties, ultimately remitting the net income to its sole shareholder, which is the Teachers Retirement System. In the past year, it reported total revenues of $5,933,662, underscoring its capacity to contribute substantial financial resources.
By effectively managing these assets, Tr Royal Palm Corp not only enhances the financial stability of the Teachers Retirement System but also positively impacts community improvement efforts through its real estate activities. The revenue generated can help ensure that educators in Illinois receive the pension benefits they deserve, contributing to the overall well-being of the community and the education sector.
This information is meant to be a general summary of Tr Royal Palm 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: $15,583,130
Assets and Liabilities:
- Total Assets: $153,562,482
- Total Liabilities: $71,738,198
- Net Assets: $81,824,284
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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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