Overview
What is Parc Huron Apartments Llc C/O Heitman Llc?
Parc Huron Apartments LLC, under the management of Heitman LLC, is a nonprofit organization primarily engaged in acquiring real estate properties. Their primary objective is to generate net income, which is then remitted to their tax-exempt shareholder. In the context of this organization, the shareholder is the Alaska Permanent Fund. Parc Huron Apartments LLC operates rental properties on behalf of the fund, with a total distribution of $72,474 in 2019. This organization's mission continues to contribute to the real estate sector, providing income and rental services for its tax-exempt shareholder.
Is Parc Huron Apartments Llc C/O Heitman Llc legitimate?
Parc Huron Apartments Llc C/O Heitman Llc is a legitimate nonprofit organization registered as a 501(c)(25) entity. Parc Huron Apartments Llc C/O Heitman 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:
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What is the mission statement of Parc Huron Apartments Llc C/O Heitman Llc?
Parc Huron Apartments LLC, under the management of Heitman LLC, primarily focuses on acquiring real property. Their primary objective is to generate net income from these properties. This income is then remitted to their tax-exempt shareholder, serving as a source of financial support for the organization's operations. The organization manages rental real estate for a specific tax-exempt entity, in this case, the Alaska Permanent Fund, with a significant distribution of $72,474 in 2019. Essentially, Parc Huron Apartments LLC functions as a real estate investment vehicle, generating income for its tax-exempt shareholder.
Who is the CEO of Parc Huron Apartments Llc C/O Heitman Llc?
Lawrence Christensen is the President of Parc Huron Apartments Llc C/O Heitman Llc.
What is the revenue of Parc Huron Apartments Llc C/O Heitman Llc?
Parc Huron Apartments Llc C/O Heitman Llc's revenue in 2022 was $1,819,427.
Who are the executives of Parc Huron Apartments Llc C/O Heitman Llc and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for Parc Huron Apartments Llc C/O Heitman Llc?
Parc Huron Apartments Llc C/O Heitman Llc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Parc Huron Apartments Llc C/O Heitman Llc
Parc Huron Apartments LLC, represented by Heitman LLC, is an organization with a specific mission. Its primary objective is to acquire real estate properties. Once acquired, the organization then remits the net income generated from these properties to its tax-exempt shareholder. This entity operates rental real estate, specifically for the Alaska Permanent Fund, with distributions totaling $72,474 in 2019. In essence, Parc Huron Apartments LLC serves as a real estate investment vehicle, generating income for its tax-exempt shareholder.
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Impact
October, 2024
Parc Huron Apartments LLC C/O Heitman LLC significantly impacts the community by acquiring and managing rental properties, thereby contributing to the local housing market and providing quality living spaces. By focusing on real estate operations for the Alaska Permanent Fund, the organization not only generates revenue but also ensures the upkeep and maintenance of its properties, enhancing the neighborhood’s appeal.
In 2019, the organization made total distributions of $72,474 to its tax-exempt shareholder, underlining its commitment to sustainable property management. This financial flow can potentially support various community improvement initiatives and contribute to the economic stability of the area. Furthermore, the operation of rental properties helps meet housing demands in Chicago, fostering a diverse and vibrant community. Overall, the presence of Parc Huron Apartments LLC plays a vital role in the local economy and community development.
This information is meant to be a general summary of Parc Huron Apartments Llc C/O Heitman 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.
- Investment Income: $18,030
- Gross Receipts: $8,535,577
Assets and Liabilities:
- Total Assets: $116,538,273
- Total Liabilities: $57,144,078
- Net Assets: $59,394,195
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Organization Details
Founding Year
2012
Phone
(312) 251-4827Principal Officer
Lawrence Christensen
Main Address
110 N Wacker Drive Suite 4000, CHICAGO, IL, 60606
NTEE Category
Code: S470 - Community improvement
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