Overview
What is Np Parkwood Point Llc C/O Aew Capital Management Lp?
Np Parkwood Point Llc C/O Aew Capital Management Lp is a title holding company situated in Boston, Massachusetts. Established for the sole purpose of acquiring and managing real property, the organization collects income from these properties and distributes the net amount to its exempt shareholders, in accordance with IRC Sec. 401(a). Led by Mindy Fitzpatrick, this company's primary role is to manage and generate income from real estate holdings, with the ultimate goal of passing on the profits to its tax-exempt shareholders.
Is Np Parkwood Point Llc C/O Aew Capital Management Lp legitimate?
Np Parkwood Point Llc C/O Aew Capital Management Lp is a legitimate nonprofit organization registered as a 501(c)(25) entity. Np Parkwood Point Llc C/O Aew Capital Management 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: $131,485
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What is the mission statement of Np Parkwood Point Llc C/O Aew Capital Management Lp?
Np Parkwood Point Llc C/O Aew Capital Management Lp is a title holding company with a specific purpose. It was established to acquire and hold title to real property, generate income from these properties, and subsequently distribute the earnings, after deducting expenses, to its exempt shareholders under IRC Sec. 401(a). The company's primary objective is to focus on real estate investments, collecting income, and distributing the profits to its tax-exempt shareholders.
Who is the CEO of Np Parkwood Point Llc C/O Aew Capital Management Lp?
Mindy Fitzpatrick is the Authorized Signatories of Np Parkwood Point Llc C/O Aew Capital Management Lp.
What is the revenue of Np Parkwood Point Llc C/O Aew Capital Management Lp?
Np Parkwood Point Llc C/O Aew Capital Management Lp's revenue in 2022 was -$13,137,045.
Who are the executives of Np Parkwood Point Llc C/O Aew Capital Management Lp and what are their salaries?
There 10 volunteers at Np Parkwood Point Llc C/O Aew Capital Management Lp.
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Np Parkwood Point Llc C/O Aew Capital Management Lp?
Np Parkwood Point Llc C/O Aew Capital Management Lp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Np Parkwood Point Llc C/O Aew Capital Management Lp
Np Parkwood Point Llc C/O Aew Capital Management Lp was established with a singular focus: to serve as a title holding company for real property. This organization's mission is to acquire and hold title to various properties, generating income from these assets. The company's primary objective is to then distribute the income, less any incurred expenses, to its exempt shareholders, in accordance with Internal Revenue Code Section 401(a). This mission allows Np Parkwood Point Llc C/O Aew Capital Management Lp to operate as a financially sustainable entity, while also benefiting its tax-exempt shareholders. The company's operations are led by Mindy Fitzpatrick, who oversees the organization's activities from Boston, MA.
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Impact
October, 2024
Np Parkwood Point LLC, operating as a title holding company for real property, plays a strategic role in real estate investment and management. By acquiring and holding title to real property, the organization contributes to the local economy by generating income through property ownership. This income can stimulate economic activity through maintenance, improvements, and employment opportunities related to the properties they manage.
Located in Boston, MA, and headed by Mindy Fitzpatrick, Np Parkwood Point LLC effectively supports community improvement by ensuring that the properties under its management are maintained and utilized effectively. The company’s model allows for the distribution of collected income to exempt shareholders, promoting a financially sustainable approach to real estate, which can lead to further investment in community initiatives.
Overall, Np Parkwood Point LLC's impact lies in its ability to manage real estate assets that not only provide financial returns but also contribute to the improvement and vitality of the communities in which they operate. By focusing on strategic property management and investment, the company aligns its operations with broader community goals and interests, fostering economic growth and stability in the area.
This information is meant to be a general summary of Np Parkwood Point Llc C/O Aew Capital Management 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.
- Investment Income: -$14,455,255
- Program Service Revenue: $1,318,210
- Gross Receipts: $30,398,104
Assets and Liabilities:
- Total Assets: $409,780
- Total Liabilities: $340
- Net Assets: $409,440
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$1,318,210
Organization Details
Founding Year
2014
Phone
(617) 261-9000Principal Officer
Mindy Fitzpatrick
Main Address
TWO SEAPORT LANE 15TH FLOOR, BOSTON, MA, 022102021
NTEE Category
Code: S47 - Community improvement
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