Overview
What is Nyst Pba Holdings Llc?
Nyst Pba Holdings Llc is a nonprofit organization established with a specific purpose. Based in Albany, New York, its primary mission is to manage rental real estate properties. The organization collects rental income from these properties and subsequently distributes the net income, after covering expenses, to the Police Benevolent Association New York State Troopers, Inc. This association, with the tax-exempt status of a 501(c)(5) corporation, is the intended beneficiary of Nyst Pba Holdings Llc's financial proceeds.
Is Nyst Pba Holdings Llc legitimate?
Nyst Pba Holdings Llc is a legitimate nonprofit organization registered as a 501(c)(2) entity. Nyst Pba Holdings Llc 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
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What is the mission statement of Nyst Pba Holdings Llc?
Nyst Pba Holdings LLC was established with the primary objective of managing rental real estate properties. The company's main function involves collecting rental income from these properties. After covering all expenses, the net income is then transferred to the beneficiary corporation, Police Benevolent Association New York State Troopers, Inc., which is a 501(c)(5) organization. This transfer of funds serves as a source of financial support for the beneficiary corporation.
Who is the CEO of Nyst Pba Holdings Llc?
Charles Murphy is the President- Resigned 10/22 of Nyst Pba Holdings Llc.
What is the revenue of Nyst Pba Holdings Llc?
Nyst Pba Holdings Llc's revenue in 2022 was $264,836.
Who are the executives of Nyst Pba Holdings Llc and what are their salaries?
Here are 21 key members and their salaries:
- Compensation: $0
- Related: $70,325
- Other: $0
- Compensation: $0
- Related: $55,651
- Other: $0
- Compensation: $0
- Related: $37,764
- Other: $0
- Compensation: $0
- Related: $46,383
- Other: $0
- Compensation: $0
- Related: $54,873
- Other: $0
- Compensation: $0
- Related: $13,145
- Other: $0
- Compensation: $0
- Related: $45,386
- Other: $0
- Compensation: $0
- Related: $35,532
- Other: $0
- Compensation: $0
- Related: $35,916
- Other: $0
- Compensation: $0
- Related: $42,172
- Other: $0
- Compensation: $0
- Related: $25,982
- Other: $0
- Compensation: $0
- Related: $8,137
- Other: $0
- Compensation: $0
- Related: $38,219
- Other: $0
- Compensation: $0
- Related: $35,702
- Other: $0
- Compensation: $0
- Related: $10,818
- Other: $0
- Compensation: $0
- Related: $35,044
- Other: $0
- Compensation: $0
- Related: $35,824
- Other: $0
- Compensation: $0
- Related: $36,845
- Other: $0
- Compensation: $0
- Related: $40,969
- Other: $0
- Compensation: $0
- Related: $33,081
- Other: $0
- Compensation: $0
- Related: $25,111
- Other: $0
Where can I find the form 990 for Nyst Pba Holdings Llc?
Nyst Pba Holdings Llc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Nyst Pba Holdings Llc
Nyst Pba Holdings LLC, as a nonprofit organization, was established with a specific purpose: to hold title to rental real property and collect rental income. This income, following the deduction of expenses, is then transferred to the distributee corporation, Police Benevolent Association New York State Troopers, Inc., a section 501(c)(5) corporation. The primary role of Nyst Pba Holdings LLC is to serve as a financial intermediary, ensuring that the income generated from its rental properties is channeled towards supporting the activities of the Police Benevolent Association New York State Troopers, Inc. This organization, in turn, focuses on various charitable and benevolent causes, contributing to the well-being of its members and the broader community. The mission of Nyst Pba Holdings LLC, therefore, can be summarized as its dedication to managing rental properties for the benefit of the Police Benevolent Association New York State Troopers, Inc., thereby supporting their charitable and benevolent endeavors.
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Impact
October, 2024
Nyst Pba Holdings LLC plays a significant role in supporting the Police Benevolent Association of New York State Troopers by managing rental real estate assets. By holding title to these properties and collecting rental income, the entity ensures a steady stream of revenue that can be utilized for the benefit of the Police Benevolent Association. This arrangement allows the association to focus on its core mission of serving and advocating for law enforcement personnel, while the rental income provides financial support to sustain its operations and initiatives.
In essence, Nyst Pba Holdings LLC facilitates financial stability for the Police Benevolent Association, enabling it to better support its members and engage in community programs related to crime prevention and law enforcement. The income generated can be reinvested into various resources and services that enhance the welfare of police officers and their families, ultimately contributing to a more robust support system within law enforcement communities in New York State.
This information is meant to be a general summary of Nyst Pba Holdings Llc. 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.
- Program Service Revenue: $242,466
- Gross Receipts: $264,836
Assets and Liabilities:
- Total Assets: $2,050,773
- Total Liabilities: $38,046
- Net Assets: $2,012,727
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME- RELATED
Revenue
$240,066
RENTAL INCOME
Revenue
$2,400
Organization Details
Founding Year
2010
Phone
(518) 462-7448Principal Officer
Charles Murphy
Main Address
120 STATE STREET 2ND FLOOR, ALBANY, NY, 12207
NTEE Category
Code: I19 - Crime
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