Overview
What is 1717 Ridge Apartments Inc?
1717 Ridge Apartments Inc is a title-holding corporation, functioning under IRC section 501(c)(25), primarily based in Dallas, Texas. Its primary role is to manage and hold title to real property, acting as a representative for the Public Employees' Retirement System of Nevada. The organization's activities involve generating income from the property and ensuring its proper maintenance, utilizing the earnings for its intended purposes.
Is 1717 Ridge Apartments Inc legitimate?
1717 Ridge Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(25) entity. 1717 Ridge Apartments 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 1717 Ridge Apartments Inc?
1717 Ridge Apartments Inc, functioning as a title holding corporation under IRC section 501(c)(25), holds the title to real property on behalf of the Public Employees' Retirement System of Nevada. The primary objective of this organization is to manage this property, located in Dallas, TX, and collect the income generated from it. In essence, 1717 Ridge Apartments Inc acts as a custodian, ensuring the retirement system has a firm hold on its property-related assets.
Who is the CEO of 1717 Ridge Apartments Inc?
Lee Phegley is the Principal Officer of 1717 Ridge Apartments Inc.
What is the revenue of 1717 Ridge Apartments Inc?
1717 Ridge Apartments Inc's revenue in 2021 was $2,340,816.
Who are the executives of 1717 Ridge Apartments Inc and what are their salaries?
Here are 16 key members and their salaries:
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Where can I find the form 990 for 1717 Ridge Apartments Inc?
1717 Ridge Apartments Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of 1717 Ridge Apartments Inc
1717 Ridge Apartments Inc, serving as a title holding corporation under IRC section 501(c)(25), holds the title to real property on behalf of the Public Employees' Retirement System of Nevada. Its primary role is to manage and collect the income generated from this property, located elsewhere, such as Dallas, TX. In essence, 1717 Ridge Apartments Inc acts as a custodian, ensuring the retirement system's financial interests are safeguarded through its control over property-related revenues.
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Impact
October, 2024
1717 Ridge Apartments Inc plays a crucial role in managing real estate assets for the Public Employees' Retirement System of Nevada. By operating as a title holding corporation, it holds the title to property in Dallas, Texas, which serves to generate income for the retirement system. This structured approach not only ensures the effective management of real estate investments but also helps to secure financial stability and benefits for public employees.
The organization’s activities facilitate a steady revenue stream, which can enhance the financial resources available for retirement benefits, ultimately supporting the livelihood of public workers and contributing to their long-term financial security. Through its focused operations, 1717 Ridge Apartments Inc contributes to the broader objectives of public benefit and welfare within the community.
This information is meant to be a general summary of 1717 Ridge Apartments 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 2021.
- Investment Income: $296
- Gross Receipts: $4,640,328
Assets and Liabilities:
- Total Assets: $59,741,170
- Total Liabilities: $1,183,807
- Net Assets: $58,557,363
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Organization Details
Founding Year
2013
Phone
(972) 715-7400Principal Officer
Lee Phegley
Main Address
2001 ROSS AVENUE SUITE 3400, DALLAS, TX, 75201
NTEE Category
Code: Y30 - Mutual benefit
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