Overview
What is Glen Gate Retail Llc C/O Lasalle Advisors Tax Manager?
Glen Gate Retail Llc C/O Lasalle Advisors Tax Manager is a 501(C)(25) organization, primarily established for the purpose of acquiring and managing real property. The nonprofit holds title to the property, collects income from it, and distributes the income (after expenses) to its sole shareholder, the Alaska Retirement Management Board. This shareholder, being a tax-exempt organization, complies with Section 501(C)(25)(C) requirements. The organization's primary activity involves generating income from real estate properties and transferring it to its sole shareholder.
Is Glen Gate Retail Llc C/O Lasalle Advisors Tax Manager legitimate?
Glen Gate Retail Llc C/O Lasalle Advisors Tax Manager is a legitimate nonprofit organization registered as a 501(c)(25) entity. Glen Gate Retail Llc C/O Lasalle Advisors Tax Manager 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 Glen Gate Retail Llc C/O Lasalle Advisors Tax Manager?
Glen Gate Retail LLC, as a 501(C)(25) organization, was established with the sole purpose of acquiring real property, managing the title, and collecting income from the property. The primary objective is to remit the entire income, after deducting expenses, to its sole shareholder, the Alaska Retirement Management Board. This tax-exempt organization, meeting the requirements of Section 501 (C)(25)(C), has been the recipient of all distributions from Glen Gate Retail LLC, including the net income as of June 30, 2019. While this organization does not have a traditional mission statement like other non-profit organizations, its primary function is clear – to generate income from real property and distribute it to its shareholder.
Who is the CEO of Glen Gate Retail Llc C/O Lasalle Advisors Tax Manager?
Julie Manning is the President of Glen Gate Retail Llc C/O Lasalle Advisors Tax Manager.
What is the revenue of Glen Gate Retail Llc C/O Lasalle Advisors Tax Manager?
Glen Gate Retail Llc C/O Lasalle Advisors Tax Manager's revenue in 2020 was -$5,970.
Who are the executives of Glen Gate Retail Llc C/O Lasalle Advisors Tax Manager and what are their salaries?
Here are 4 key members and their salaries:
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Where can I find the form 990 for Glen Gate Retail Llc C/O Lasalle Advisors Tax Manager?
Glen Gate Retail Llc C/O Lasalle Advisors Tax Manager's most recent form 990 was submitted in 2020 and can be accessed here.
Mission Statement of Glen Gate Retail Llc C/O Lasalle Advisors Tax Manager
Glen Gate Retail LLC, a 501(C)(25) organization, was established primarily for the purpose of acquiring real property, managing it, and generating income. This income, after deducting expenses, is then remitted entirely to its sole shareholder, the Alaska Retirement Management Board. As a tax-exempt organization that meets the requirements of Section 501(C)(25)(C), the Alaska Retirement Management Board is the recipient of all distributions from Glen Gate Retail LLC. On June 30, 2019, the Alaska Retirement Management Board received the net income from Glen Gate Retail LLC. In essence, Glen Gate Retail LLC serves as a vehicle for generating income from real estate investments, which is then distributed to its sole shareholder, the Alaska Retirement Management Board.
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Impact
October, 2024
Glen Gate Retail LLC, operating through LaSalle Advisors, plays a specific role in managing real estate assets with the primary aim of generating income that supports its sole shareholder, the Alaska Retirement Management Board. By acquiring and managing real property, the organization contributes to the local economy through property management activities and potential job creation associated with real estate maintenance and operations.
Its income collection activities serve a direct purpose of benefiting the Alaska Retirement Management Board, allowing for reinvestment or payouts that can enhance retirement benefits for Alaskan state employees. Although no longer active, its previous operational model demonstrates a focus on real estate investment that aligns with the broader goals of community improvement, particularly in terms of economic sustainability and property management practices. Overall, the impact of Glen Gate Retail LLC is reflected in its strategic contributions to real estate investment and support for the financial health of Alaska's retirement system.
This information is meant to be a general summary of Glen Gate Retail Llc C/O Lasalle Advisors Tax Manager. 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 2020.
- Gross Receipts: $116,819
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Organization Details
Founding Year
2015
Phone
(312) 228-2581Principal Officer
Julie Manning
Main Address
333 WEST WACKER DRIVE SUITE 2300, CHICAGO, IL, 60606
NTEE Category
Code: S47 - Community improvement
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