Overview
What is Tr Gallery Turtle Creek Corp?
Tr Gallery Turtle Creek Corp was a nonprofit organization with a unique mission. Its primary function was to serve as a title holding corporation, as defined under IRC Section 501(C)(25). This role allowed it to hold title to real property on behalf of the Teachers' Retirement System of the State of Illinois. The organization's purpose was to manage and protect these properties, acting as a trustee and ensuring their proper use and management. However, the information provided indicates that this nonprofit is no longer active or operational, but the details of its former activities and responsibilities are not specified in the information given.
Is Tr Gallery Turtle Creek Corp legitimate?
Tr Gallery Turtle Creek Corp is a legitimate nonprofit organization registered as a 501(c)(25) entity. Tr Gallery Turtle Creek Corp 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.
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What is the mission statement of Tr Gallery Turtle Creek Corp?
Tr Gallery Turtle Creek Corp, previously a functioning nonprofit organization, operated as a title holding corporation, according to Internal Revenue Code Section 501(C)(25). Their primary role was to hold title to real property on behalf of the Teachers' Retirement System of the State of IL. Unfortunately, the organization is no longer active or in operation, making it impossible to provide information about its mission statement in its current state.
Who is the CEO of Tr Gallery Turtle Creek Corp?
Lee Phegley is the Director of Tr Gallery Turtle Creek Corp.
What is the revenue of Tr Gallery Turtle Creek Corp?
Tr Gallery Turtle Creek Corp's revenue in 2020 was $1,982,952.
Who are the executives of Tr Gallery Turtle Creek Corp and what are their salaries?
Here are 16 key members and their salaries:
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Where can I find the form 990 for Tr Gallery Turtle Creek Corp?
Tr Gallery Turtle Creek Corp's most recent form 990 was submitted in 2020 and can be accessed here.
Mission Statement of Tr Gallery Turtle Creek Corp
Tr Gallery Turtle Creek Corp, as a title holding corporation under IRC Section 501(C)(25), was initially established to hold title to real property on behalf of the Teachers' Retirement System of the State of IL. However, it is important to note that this nonprofit organization is currently terminated or no longer active.
In its operational capacity, Tr Gallery Turtle Creek Corp served a specific purpose within the real estate sector. By holding title to properties, it acted as a crucial intermediary between the Teachers' Retirement System and the property ownership. This arrangement allowed for the efficient management and administration of real estate assets, contributing to the overall financial wellbeing of the Teachers' Retirement System. The termination or inactivity of Tr Gallery Turtle Creek Corp may have impacted the Teachers' Retirement System's real estate holdings, but it is beyond the scope of the information provided to determine the full extent of these impacts.
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Impact
October, 2024
Tr Gallery Turtle Creek Corp operated as a title holding corporation, managing real property on behalf of the Teachers' Retirement System of the State of Illinois. Its activities contributed to the real estate landscape in Dallas, Texas, by facilitating property management and ownership structures that support the financial interests of the retirement system. By holding title to real estate, it played a role in ensuring secure investments and assets for educators’ retirement benefits. Although now inactive, the organization's mission involved providing essential housing-related services, underscoring its impact on the broader community in terms of real estate stability and the support of educators' financial futures.
This information is meant to be a general summary of Tr Gallery Turtle Creek Corp. 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: $6,690,642
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Organization Details
Founding Year
2016
Phone
(972) 715-7400Principal Officer
Lee Phegley
Main Address
2001 ROSS AVENUE SUITE 3400, DALLAS, TX, 75201
NTEE Category
Code: L02 - Housing
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