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L P S Development Corporation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 752039769 ✦ Dallas, TX ✦ Designated as a 501(c)(3)

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Overview

What is L P S Development Corporation?

L P S Development Corporation is a nonprofit organization situated in Dallas, Texas, specifically at 2720 Hillside Drive. Its primary purpose is to support Lakehill Preparatory School by acquiring, managing, and maintaining real estate properties. The profits derived from these properties are then utilized for educational purposes as needed by the school. The organization's mission is aligned with enhancing the educational experience for students at Lakehill Preparatory School.


Official website here: www.lakehillprep.org

Is L P S Development Corporation legitimate?

L P S Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. L P S Development Corporation 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


Official website here: www.lakehillprep.org

What is the mission statement of L P S Development Corporation?

LP S Development Corporation was established with a specific purpose: to receive, maintain, and own real estate. The primary goal is to generate income from these properties, which is then utilized for educational purposes as required by Lakehill Preparatory School. The organization's mission is centered around supporting the educational needs of Lakehill Preparatory School through the strategic management of its real estate holdings.


Official website here: www.lakehillprep.org

Who is the CEO of L P S Development Corporation?

Roger Perry is the Director of L P S Development Corporation.


Official website here: www.lakehillprep.org

What is the revenue of L P S Development Corporation?

L P S Development Corporation's revenue in 2022 was -$107,917.


Official website here: www.lakehillprep.org

Who are the executives of L P S Development Corporation and what are their salaries?


Here are 4 key members and their salaries:


Erle Nye (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Roger Perry (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tim Mack (Pres/Vp/Sec/)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bruce Mccoskey (Cfo)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.lakehillprep.org

Where can I find the form 990 for L P S Development Corporation?

L P S Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.lakehillprep.org

Learn more at the official website: www.lakehillprep.org

Mission Statement of L P S Development Corporation

L P S Development Corporation, a nonprofit entity, was established with a specific purpose. Its mission is centered around receiving, maintaining, and owning real estate. The primary objective is to utilize any and all derived income from these properties for educational purposes, as required by Lakehill Preparatory School. In simpler terms, L P S Development Corporation exists to support Lakehill Preparatory School's educational needs by managing and monetizing real estate assets.

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Impact




October, 2024

L P S Development Corporation plays a crucial role in supporting educational initiatives at Lakehill Preparatory School by managing real estate and utilizing the income generated from these properties. By owning and maintaining real estate assets, the organization ensures a stable financial foundation that directly benefits the school’s programs and resources. This strategic focus on property management allows for continuous investment in educational opportunities, thereby enhancing the learning environment for students in Dallas, Texas. The impact of L P S Development Corporation extends beyond mere financial support; it reflects a commitment to fostering a robust educational framework that meets the evolving needs of the school community.




This information is meant to be a general summary of L P S Development Corporation. 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.

Revenue
-$107,917 (2022)
Expenses
$0 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Gross Receipts: $350,000

Assets and Liabilities:

  • Total Assets: $10,203,391
  • Total Liabilities: $8,990,414
  • Net Assets: $1,212,977

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Organization Details

Founding Year

1992

Principal Officer

Roger Perry

Main Address

2720 HILLSIDE DRIVE, DALLAS, TX, 75214

NTEE Category

Code: B110 - Education

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