Overview
What is 20 Cal Investment Inc C/O L&B Realty Advisors Llp?
20 Cal Investment Inc C/O L&B Realty Advisors Llp is a 501(C)(25) organization located in Dallas, Texas. Its primary purpose is to acquire real property and generate income from it. 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 adheres to Section 414(D) requirements. The organization's role is to manage the property and distribute the income, contributing to the retirement fund's assets.
Is 20 Cal Investment Inc C/O L&B Realty Advisors Llp legitimate?
20 Cal Investment Inc C/O L&B Realty Advisors Llp is a legitimate nonprofit organization registered as a 501(c)(25) entity. 20 Cal 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 20 Cal Investment Inc C/O L&B Realty Advisors Llp?
20 Cal Investment Inc., under the management of L&B Realty Advisors LLP, operates as a 501(c)(25) organization. Its primary objective is to acquire real property, hold title to these properties, collect income from them, and then distribute the entire income (after deducting expenses) to its sole shareholder. This shareholder, the Public Employees' Retirement Association of Colorado, is a tax-exempt pension fund that meets the requirements of Section 414(D). The association receives all the net income generated by 20 Cal Investment Inc. Essentially, the organization's role is to manage real estate investments, with the income generated being returned to its shareholder.
Who is the CEO of 20 Cal Investment Inc C/O L&B Realty Advisors Llp?
Amy Mcgarrity is the Sole Director of 20 Cal Investment Inc C/O L&B Realty Advisors Llp.
What is the revenue of 20 Cal Investment Inc C/O L&B Realty Advisors Llp?
20 Cal Investment Inc C/O L&B Realty Advisors Llp's revenue in 2021 was $1,103,051.
Who are the executives of 20 Cal Investment Inc C/O L&B Realty Advisors Llp and what are their salaries?
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $749,752
- Other: $120,889
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- Other: $0
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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 20 Cal Investment Inc C/O L&B Realty Advisors Llp?
20 Cal 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 20 Cal Investment Inc C/O L&B Realty Advisors Llp
20 Cal Investment Inc C/O L&B Realty Advisors Llp is a 501(C)(25) organization, established with the primary objective of acquiring real property. The organization's role involves holding title to the properties and collecting income generated from these properties. The unique aspect of 20 Cal Investment Inc's operations is that it remits the entire income, after deducting expenses, to its sole shareholder. This shareholder is the Public Employees' Retirement Association of Colorado, a tax-exempt pension fund that adheres to the requirements of Section 414(D). The shareholder receives the net income generated by 20 Cal Investment Inc. In essence, the organization's mission revolves around investing in real estate properties and distributing the income generated from these investments to its sole shareholder, the Public Employees' Retirement Association of Colorado.
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Impact
October, 2024
20 Cal Investment Inc C/O L&B Realty Advisors LLP plays a crucial role in the real estate sector by acquiring and managing properties that generate income for its sole shareholder, the Public Employees' Retirement Association of Colorado. The organization is structured to hold title to real property and ensure that the income derived from these properties is efficiently remitted to the retirement association.
The impact of 20 Cal Investment extends beyond property management; it provides financial support to a significant pension fund, thereby contributing to the retirement security of public employees in Colorado. By operating in this manner, the organization not only enhances the financial stability of the retirement fund but also fosters investment in real estate markets, which can lead to community improvements and economic growth.
In essence, 20 Cal Investment Inc serves as a vital link between real estate investment and the financial wellbeing of public employees, reinforcing the importance of sustainable, income-generating property management within the context of community enhancement.
This information is meant to be a general summary of 20 Cal 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: $2,105
- Gross Receipts: $3,218,240
Assets and Liabilities:
- Total Assets: $47,949,231
- Total Liabilities: $18,646,878
- Net Assets: $29,302,353
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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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