Overview
What is Keystone-Texas Property Holding Corp C/O L&B Realty Advisors Llp?
Keystone-Texas Property Holding Corp C/O L&B Realty Advisors Llp is a nonprofit organization based in Dallas, Texas. Its primary activity involves acquiring real property and remitting the net income to its tax-exempt shareholder, the Commonwealth of Pennsylvania Public School Employees' Retirement System. In 2022, the organization distributed a total of $1,431,000 to its shareholder. The organization operates within the state of Texas, specifically at 5910 N Central Expressway 1200.
Is Keystone-Texas Property Holding Corp C/O L&B Realty Advisors Llp legitimate?
Keystone-Texas Property Holding Corp C/O L&B Realty Advisors Llp is a legitimate nonprofit organization registered as a 501(c)(25) entity. Keystone-Texas Property Holding Corp 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 Keystone-Texas Property Holding Corp C/O L&B Realty Advisors Llp?
Keystone-Texas Property Holding Corp C/O L&B Realty Advisors Llp's primary objective is to acquire real property. The organization's main purpose is to generate net income from these properties and subsequently remit this income to its tax-exempt shareholder. In 2022, the corporation distributed a total of $1,431,000 to its shareholder, the Commonwealth of Pennsylvania Public School Employees' Retirement System. The organization's activities are centered around managing rental property for the benefit of its tax-exempt shareholder.
Who is the CEO of Keystone-Texas Property Holding Corp C/O L&B Realty Advisors Llp?
Christian T Metten is the President & Secretary of Keystone-Texas Property Holding Corp C/O L&B Realty Advisors Llp.
What is the revenue of Keystone-Texas Property Holding Corp C/O L&B Realty Advisors Llp?
Keystone-Texas Property Holding Corp C/O L&B Realty Advisors Llp's revenue in 2022 was $1,676,785.
Who are the executives of Keystone-Texas Property Holding Corp C/O L&B Realty Advisors Llp and what are their salaries?
Here are 7 key members and their salaries:
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- Related: $375,476
- Other: $0
- Compensation: $0
- Related: $242,086
- Other: $0
- Compensation: $0
- Related: $240,356
- Other: $0
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- Related: $0
- Other: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Keystone-Texas Property Holding Corp C/O L&B Realty Advisors Llp?
Keystone-Texas Property Holding Corp C/O L&B Realty Advisors Llp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Keystone-Texas Property Holding Corp C/O L&B Realty Advisors Llp
Keystone-Texas Property Holding Corp C/O L&B Realty Advisors Llp is a organization with a mission to acquire real property. Its primary objective is to generate net income, which is then remitted to its tax-exempt shareholder. In 2022, the organization distributed a substantial sum of $1,431,000 to its shareholder, the Commonwealth of Pennsylvania Public School Employees' Retirement System. This suggests that Keystone-Texas Property Holding Corp C/O L&B Realty Advisors Llp is a real estate investment entity that aims to generate income for its tax-exempt shareholder, contributing to their financial stability. The organization's activities revolve around acquiring and managing real property, ultimately benefiting its designated shareholder.
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Impact
October, 2024
Keystone-Texas Property Holding Corp C/O L&B Realty Advisors LLP plays a significant role in the real estate sector by acquiring rental properties that generate income. This income is distributed to its stakeholder, the Commonwealth of Pennsylvania Public School Employees' Retirement System, which emphasizes the organization’s focus on funding public employee benefits.
In 2022, the organization distributed a total of $1,431,000 to its shareholder, highlighting its capacity to create financial returns through real estate investments. This not only supports the retirement system but also contributes to the broader economy by engaging in real estate operations in Dallas, Texas.
In addition to financial benefits, Keystone-Texas Property Holding Corp’s activities support community improvement by managing rental properties, potentially enhancing local housing availability and stability. Their operations can positively impact the local real estate market, providing well-maintained properties for residents while ensuring that the needs of their stakeholders are met. Overall, their impact extends beyond financial distributions to include community development and support for public employees' retirement security.
This information is meant to be a general summary of Keystone-Texas Property Holding Corp 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 2022.
- Investment Income: $80
- Program Service Revenue: $1,676,705
- Gross Receipts: $1,676,785
Assets and Liabilities:
- Total Assets: $33,045,640
- Total Liabilities: $45,471
- Net Assets: $33,000,169
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$1,651,468
EXPENSE RECOVERY
Revenue
$25,237
Organization Details
Founding Year
1993
Phone
(214) 989-0800Principal Officer
Christian T Metten
Main Address
5910 N CENTRAL EXPRESSWAY 1200, DALLAS, TX, 75206
NTEE Category
Code: S47 - Community improvement
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