Overview
What is Olde Raleigh Village Inc?
Olde Raleigh Village Inc. is a title-holding corporation, established under the Internal Revenue Code section 501(c)(25). Its primary role is to manage and preserve real estate assets, acting as a trustee on behalf of the Public Employees' Retirement System of Nevada. By holding title to these properties, Olde Raleigh Village Inc. collects income from them and ensures their proper maintenance, ultimately benefiting the retirement system. This organization is situated in Dallas, Texas, contributing to its local economy and real estate market.
Is Olde Raleigh Village Inc legitimate?
Olde Raleigh Village Inc is a legitimate nonprofit organization registered as a 501(c)(25) entity. Olde Raleigh Village Inc 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 Olde Raleigh Village Inc?
Olde Raleigh Village Inc, functioning as a title holding corporation under IRC section 501(c)(25), is tasked with holding title to real property on behalf of the Public Employees' Retirement System of Nevada. The organization's primary role involves collecting income and managing real estate assets for the Retirement System. By doing so, it contributes to the financial well-being of the Retirement System without disclosing specific details about its location.
Who is the CEO of Olde Raleigh Village Inc?
Lee Phegley is the Director of Olde Raleigh Village Inc.
What is the revenue of Olde Raleigh Village Inc?
Olde Raleigh Village Inc's revenue in 2022 was $1,590,532.
Who are the executives of Olde Raleigh Village Inc and what are their salaries?
Here are 14 key members and their salaries:
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Where can I find the form 990 for Olde Raleigh Village Inc?
Olde Raleigh Village Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Olde Raleigh Village Inc
Olde Raleigh Village, Inc., functioning as a title holding corporation under IRC section 501(c)(25), plays a crucial role in managing real estate assets on behalf of the Public Employees' Retirement System of Nevada. The organization's mission is to hold title to real property, thereby collecting income and ensuring the effective management of these assets for the retirement system. In essence, Olde Raleigh Village, Inc. acts as a steward, safeguarding the retirement system's real estate investments and generating income to support the retirement needs of Nevada's public employees.
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Impact
October, 2024
Olde Raleigh Village Inc has a significant impact on the management and preservation of real estate assets in Dallas, Texas, particularly as it relates to the Public Employees' Retirement System of Nevada. By functioning as a title holding corporation, it plays a crucial role in safeguarding the interests of public employees through strategic asset management and income collection.
The organization ensures that the real estate properties under its title are not only maintained but also generate financial returns that contribute to the overall health of the retirement system. This enables the Public Employees' Retirement System of Nevada to provide better services and benefits to its members, fostering community trust and stability.
In essence, Olde Raleigh Village Inc's operations facilitate improved financial outcomes for public employees by effectively managing valuable real estate assets, thereby enhancing the quality of life for many while contributing to community improvement initiatives.
This information is meant to be a general summary of Olde Raleigh Village Inc. 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: $165
- Gross Receipts: $2,143,095
Assets and Liabilities:
- Total Assets: $38,401,909
- Total Liabilities: $407,794
- Net Assets: $37,994,115
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Organization Details
Founding Year
1994
Phone
(972) 715-7400Principal Officer
Lee Phegley
Main Address
2001 ROSS AVENUE SUITE 3400, DALLAS, TX, 75201
NTEE Category
Code: S47 - Community improvement
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