Overview
What is Southaven Desoto Investment Inc C/O L&B Realty Advisors Llp?
Southaven Desoto Investment Inc C/O L&B Realty Advisors Llp is a 501(C)(25) organization based in Dallas, Texas. Its primary purpose is to acquire real property, hold title to it, and collect income from the property. The income, after deducting expenses, is then remitted to its sole shareholder, the Public Employees' Retirement Association of Colorado, a tax-exempt pension fund that meets the requirements of Section 414(D). This organization operates under the supervision of L&B Realty Advisors Llp and was established for this exclusive purpose. The income generated from the property is the sole source of revenue for the Public Employees' Retirement Association of Colorado, contributing to their financial resources.
Is Southaven Desoto Investment Inc C/O L&B Realty Advisors Llp legitimate?
Southaven Desoto Investment Inc C/O L&B Realty Advisors Llp is a legitimate nonprofit organization registered as a 501(c)(25) entity. Southaven Desoto Investment Inc C/O L&B Realty Advisors Llp 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
For more financial information, click here
What is the mission statement of Southaven Desoto Investment Inc C/O L&B Realty Advisors Llp?
Southaven Desoto Investment Inc, under the management of L&B Realty Advisors Llp, is a 501(c)(25) organization primarily focused on acquiring real property. Its main objective is to hold title to the property, collect income from it, and then transfer the net income (after deducting expenses) to its sole shareholder, the Public Employees' Retirement Association of Colorado. This pension fund, meeting the requirements of Section 414(D), is the recipient of all distributions from Southaven Desoto Investment Inc. The company's sole purpose is to generate income for its shareholder.
Who is the CEO of Southaven Desoto Investment Inc C/O L&B Realty Advisors Llp?
Amy Mcgarrity is the Sole Director of Southaven Desoto Investment Inc C/O L&B Realty Advisors Llp.
What is the revenue of Southaven Desoto Investment Inc C/O L&B Realty Advisors Llp?
Southaven Desoto Investment Inc C/O L&B Realty Advisors Llp's revenue in 2021 was $3,578,181.
Who are the executives of Southaven Desoto Investment Inc C/O L&B Realty Advisors Llp and what are their salaries?
Here are 5 key members and their salaries:
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- Related: $749,752
- Other: $120,889
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- Other: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Southaven Desoto Investment Inc C/O L&B Realty Advisors Llp?
Southaven Desoto Investment Inc C/O L&B Realty Advisors Llp's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Southaven Desoto Investment Inc C/O L&B Realty Advisors Llp
Southaven Desoto Investment Inc C/O L&B Realty Advisors Llp, as a 501(C)(25) organization, was established with a singular objective. This nonprofit was primarily formed to acquire real property, hold title to it, and collect income from the said property. Its primary function was to remit the entire income from the property (after deducting expenses) to its sole shareholder. This shareholder, the Public Employees' Retirement Association of Colorado, is a tax-exempt pension fund that fulfills the requirements of Section 414(D). Over time, this shareholder received the net income generated by Southaven Desoto Investment Inc C/O L&B Realty Advisors Llp. The organization's activities were centered around this financial mission, focusing on income generation and distribution to its sole shareholder.
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Impact
October, 2024
Southaven Desoto Investment Inc C/O L&B Realty Advisors LLP plays a significant role in the real estate investment landscape, particularly through its focus on acquiring and managing rental properties. By holding title to these properties and collecting income from them, the organization generates revenue that is directly remitted to its sole shareholder, the Public Employees' Retirement Association of Colorado (PERA).
This structure not only provides a steady income stream for PERA, which benefits public employees' retirement plans, but also contributes to the local economy through the management and operation of real estate assets. By ensuring properties are well-maintained and generating income, Southaven Desoto Investment Inc enhances community stability and growth. The focus on real estate investment aligns with broader economic development goals, as it supports job creation, housing availability, and overall community improvement.
In summary, its operations have a positive impact on local communities by facilitating the efficient management of rental properties, fostering economic sustainability, and contributing to the financial health of public employee pension plans.
This information is meant to be a general summary of Southaven Desoto Investment Inc C/O L&B Realty Advisors Llp. 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 2021.
- Investment Income: $72
- Gross Receipts: $6,407,910
Assets and Liabilities:
- Total Assets: $87,044,166
- Total Liabilities: $28,168,773
- Net Assets: $58,875,393
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Organization Details
Founding Year
2015
Phone
(214) 989-0800Principal Officer
Amy Mcgarrity
Main Address
5910 NORTH CENTRAL EXPY 1200, DALLAS, TX, 75206
NTEE Category
Code: S47 - Community improvement
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