Overview
What is 1050 Mass Ave Investment Inc C/O L&B Realty Advisors Llp?
1050 Mass Ave Investment Inc C/O L&B Realty Advisors Llp is a 501(C)(25) organization based in Dallas, Texas. Its primary purpose is to acquire real estate properties and generate income, with the entire income, less expenses, being remitted to its sole shareholder, the Public Employees' Retirement Association of Colorado. This pension fund meets the requirements of Section 414(D) and serves as the beneficiary of the income generated by 1050 Mass Ave Investment Inc. The company operates under L&B Realty Advisors Llp and manages the property on behalf of its tax-exempt shareholder.
Is 1050 Mass Ave Investment Inc C/O L&B Realty Advisors Llp legitimate?
1050 Mass Ave Investment Inc C/O L&B Realty Advisors Llp is a legitimate nonprofit organization registered as a 501(c)(25) entity. 1050 Mass Ave Investment Inc C/O L&B Realty Advisors Llp 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 1050 Mass Ave Investment Inc C/O L&B Realty Advisors Llp?
The organization 1050 Mass Ave Investment Inc C/O L&B Realty Advisors Llp, classified as a 501(C)(25), was established with the sole purpose of acquiring real property. Its primary goal is to hold title to these properties, collect income from them, and then remit the entire income (after deducting expenses) to its sole shareholder. This shareholder, the Public Employees' Retirement Association of Colorado, is a tax-exempt pension fund that adheres to the requirements of Section 414(D). All distributions made by the corporation have been directed towards this shareholder, who subsequently receives the net income from 1050 Mass Ave Investment Inc. This organization's activities are solely focused on real estate investment and income distribution to its shareholder.
Who is the CEO of 1050 Mass Ave Investment Inc C/O L&B Realty Advisors Llp?
Amy Mcgarrity is the Sole Director of 1050 Mass Ave Investment Inc C/O L&B Realty Advisors Llp.
What is the revenue of 1050 Mass Ave Investment Inc C/O L&B Realty Advisors Llp?
1050 Mass Ave Investment Inc C/O L&B Realty Advisors Llp's revenue in 2021 was $1,306,065.
Who are the executives of 1050 Mass Ave Investment Inc C/O L&B Realty Advisors Llp and what are their salaries?
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $749,752
- Other: $120,889
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for 1050 Mass Ave Investment Inc C/O L&B Realty Advisors Llp?
1050 Mass Ave Investment Inc C/O L&B Realty Advisors Llp's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of 1050 Mass Ave Investment Inc C/O L&B Realty Advisors Llp
1050 Mass Ave Investment Inc C/O L&B Realty Advisors Llp is a 501(C)(25) organization, established with the sole purpose of acquiring real property, managing it, and generating income. This income, after deducting expenses, is then remitted in its entirety to its sole shareholder, the Public Employees' Retirement Association of Colorado. This pension fund, which is tax-exempt and meets the requirements of Section 414(D), is the beneficiary of the net income generated by 1050 Mass Ave Investment Inc C/O L&B Realty Advisors Llp. In essence, the mission of 1050 Mass Ave Investment Inc C/O L&B Realty Advisors Llp is to serve as a revenue-generating entity, with its profits being distributed to the Public Employees' Retirement Association of Colorado.
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Impact
October, 2024
1050 Mass Ave Investment Inc, operating under the management of L&B Realty Advisors LLP in Dallas, Texas, focuses on acquiring and managing real estate properties. Its primary activity involves holding title to these properties and collecting income from them. Importantly, all income generated is remitted to its sole shareholder, the Public Employees' Retirement Association of Colorado, a tax-exempt pension fund.
The impact of this organization is multifaceted. By managing real estate assets and generating income for the pension fund, it contributes to the financial sustainability and stability of retirement benefits for public employees in Colorado. This financial support enhances the security of retirement plans, subsequently benefiting the community as retired public servants have the means to participate in local economies.
In terms of community improvement, the entity not only reinforces the economic landscape through responsible property management but also ensures that the income derived from these assets supports the welfare of public employees. The operations of 1050 Mass Ave Investment Inc thus play a significant role in fostering economic health and providing a measure of stability for those who have dedicated their careers to public service.
This information is meant to be a general summary of 1050 Mass Ave Investment Inc C/O L&B Realty Advisors Llp. 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.
- Gross Receipts: $3,535,478
Assets and Liabilities:
- Total Assets: $52,926,747
- Total Liabilities: $23,616,022
- Net Assets: $29,310,725
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Organization Details
Founding Year
2016
Phone
(214) 989-0800Principal Officer
Amy Mcgarrity
Main Address
5910 NORTH CENTRAL EXPY 1200, DALLAS, TX, 75206
NTEE Category
Code: S47 - Community improvement
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