Overview
What is Np Carnegie Office Holdings Llc C/O Aew Capital Management Lp?
NP Carnegie Office Holdings LLC, managed by Mindy Fitzpatrick, is a title holding company located in Boston, Massachusetts. Established with the unique purpose of acquiring and holding title to real property, the organization collects income generated from these properties and distributes the majority of it to its shareholders, who enjoy tax exemptions under IRC Sec. 401(a). This structure allows the company to focus solely on managing its real estate portfolio, generating returns for its investors.
Is Np Carnegie Office Holdings Llc C/O Aew Capital Management Lp legitimate?
Np Carnegie Office Holdings Llc C/O Aew Capital Management Lp is a legitimate nonprofit organization registered as a 501(c)(25) entity. Np Carnegie Office Holdings Llc C/O Aew Capital Management Lp 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: $175,768
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What is the mission statement of Np Carnegie Office Holdings Llc C/O Aew Capital Management Lp?
NP Carnegie Office Holdings LLC serves as a title holding company for real property. Its primary objective is to acquire and maintain ownership of real estate properties, generate income from these assets, and then distribute the net earnings to its shareholders, who enjoy tax exemptions under IRC Sec. 401(A). The company's role is essentially to manage these properties and distribute the income, ensuring compliance with the tax exemption regulations.
Who is the CEO of Np Carnegie Office Holdings Llc C/O Aew Capital Management Lp?
Mindy Fitzpatrick is the Authorized Signatories of Np Carnegie Office Holdings Llc C/O Aew Capital Management Lp.
What is the revenue of Np Carnegie Office Holdings Llc C/O Aew Capital Management Lp?
Np Carnegie Office Holdings Llc C/O Aew Capital Management Lp's revenue in 2022 was $4,793,710.
Who are the executives of Np Carnegie Office Holdings Llc C/O Aew Capital Management Lp and what are their salaries?
There 10 volunteers at Np Carnegie Office Holdings Llc C/O Aew Capital Management Lp.
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Np Carnegie Office Holdings Llc C/O Aew Capital Management Lp?
Np Carnegie Office Holdings Llc C/O Aew Capital Management Lp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Np Carnegie Office Holdings Llc C/O Aew Capital Management Lp
Np Carnegie Office Holdings Llc C/O Aew Capital Management Lp is a title holding company with a specific mission. Established with the exclusive purpose of acquiring and holding title to real property, this organization collects the income derived from the property and distributes the entire amount, less expenses, to its shareholders. These shareholders are exempt from tax under IRC Sec. 401(A), indicating that they are likely a retirement fund or a similar type of exempt entity. The company's role is to manage this real estate portfolio, generating income and distributing it to its beneficiaries. Mindy Fitzpatrick serves as the head of this organization, demonstrating its commitment to effective leadership and management in the realm of real estate title holding.
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Impact
October, 2024
Np Carnegie Office Holdings LLC C/O Aew Capital Management LP plays a significant role in the real estate sector by acquiring and managing properties, which helps to stabilize and enhance community infrastructure. By holding title to real property, the company ensures that these assets are effectively managed and maintained, contributing to the overall development of the areas in which they operate, such as Boston, MA.
The operational model focuses on collecting income from these properties and redistributing the earnings to its shareholders. This approach not only supports the financial interests of its stakeholders but also facilitates continued investment in community improvement initiatives. The income generated can potentially be reinvested into the local economy, creating job opportunities and fostering community engagement.
In addition, the company's structure allows for tax-exempt benefits under IRC Sec. 401(A), which can promote further investment and development strategies that benefit the surrounding community. Overall, Np Carnegie Office Holdings LLC contributes to real estate stability and community enhancement while ensuring that its operations align with the interests of its stakeholders.
This information is meant to be a general summary of Np Carnegie Office Holdings Llc C/O Aew Capital Management Lp. 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: $17,665
- Program Service Revenue: $4,776,045
- Gross Receipts: $4,793,710
Assets and Liabilities:
- Total Assets: $45,207,405
- Total Liabilities: $407,873
- Net Assets: $44,799,532
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$4,776,045
Organization Details
Founding Year
2016
Phone
(617) 261-9000Principal Officer
Mindy Fitzpatrick
Main Address
Two Seaport Lane 15th Floor, Boston, MA, 022102021
NTEE Category
Code: S47 - Community improvement
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