Overview
What is Tr Galleria Place Corp C/O Lpc Realty Advisors I Lp?
Tr Galleria Place Corp C/O Lpc Realty Advisors I Lp is a 501(c)(25) nonprofit organization, primarily established to hold title to real property and manage its income. The organization collects earnings from the property and subsequently remits the net income to its sole shareholder, the Teachers Retirement System of Illinois. This nonprofit does not have any programs or initiatives beyond its core mission.
Is Tr Galleria Place Corp C/O Lpc Realty Advisors I Lp legitimate?
Tr Galleria Place Corp C/O Lpc Realty Advisors I Lp is a legitimate nonprofit organization registered as a 501(c)(25) entity. Tr Galleria Place 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
For more financial information, click here
What is the mission statement of Tr Galleria Place Corp C/O Lpc Realty Advisors I Lp?
Tr Galleria Place Corp C/O Lpc Realty Advisors I Lp is a 501(c)(25) organization with a specific purpose. Its primary objective 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. This retirement system is a tax-exempt pension fund that adheres to the requirements of Section 401(a) of the Internal Revenue Code, making trusts exempt from taxation under Section 501(a) of the code. In essence, the corporation serves as a facilitator for income generation and distribution to the Teachers Retirement System of Illinois.
Who is the CEO of Tr Galleria Place Corp C/O Lpc Realty Advisors I Lp?
Jenifer Ratcliffe is the President of Tr Galleria Place Corp C/O Lpc Realty Advisors I Lp.
What is the revenue of Tr Galleria Place Corp C/O Lpc Realty Advisors I Lp?
Tr Galleria Place Corp C/O Lpc Realty Advisors I Lp's revenue in 2022 was -$4,139,237.
Who are the executives of Tr Galleria Place Corp C/O Lpc Realty Advisors I Lp and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Tr Galleria Place Corp C/O Lpc Realty Advisors I Lp?
Tr Galleria Place 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 Galleria Place Corp C/O Lpc Realty Advisors I Lp
Tr Galleria Place Corp C/O Lpc Realty Advisors I Lp is a 501(c)(25) organization with a specific mission. This corporation was established for the sole purpose of holding title to real property, collecting income from this property, and remitting the entire amount of income (after deducting expenses) to its sole shareholder. The shareholder in question is the Teachers Retirement System of Illinois, a tax-exempt pension fund that meets the requirements of Section 401(a) of the Internal Revenue Code, making trusts exempt from taxation under Section 501(a) of the code. In simpler terms, Tr Galleria Place Corp C/O Lpc Realty Advisors I Lp serves as a property management entity, collecting rental income and transferring it to the Teachers Retirement System of Illinois. This arrangement allows the retirement system to expand its investment portfolio and potentially generate additional revenue for its beneficiaries.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Tr Galleria Place Corp, operating under the auspices of LPC Realty Advisors I LP, functions primarily as a property management entity. Its core impact lies in holding title to real estate assets, which generates income that is then remitted to the Teachers Retirement System of Illinois, its sole shareholder. By effectively managing these assets, the corporation plays a vital role in ensuring a steady revenue stream for this pension fund, ultimately benefiting educators in Illinois.
The organization’s structure as a 501(c)(25) allows it to focus exclusively on real property management without engaging in broader programming. This specialization ensures that all resources and efforts are directed toward optimizing property income and maintaining compliance with regulatory requirements. As a result, Tr Galleria Place Corp not only contributes to financial stability for retired teachers but also aids in community improvement through responsible property management and economic contributions to the local area.
This information is meant to be a general summary of Tr Galleria Place 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: $3,641,732
Assets and Liabilities:
- Total Assets: $47,104,353
- Total Liabilities: $50,678,485
- Net Assets: -$3,574,132
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2015
Phone
(312) 345-8784Principal Officer
Jenifer Ratcliffe
Main Address
120 NORTH LASALLE STREET 2900, CHICAGO, IL, 60602
NTEE Category
Code: S47 - Community improvement
If you are a representative of Tr Galleria Place Corp C/O Lpc Realty Advisors I Lp and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.