Overview
What is Lenexa Logistic 4 Investment Inc C/O L&B Realty Advisors Llp?
Lenexa Logistic 4 Investment Inc C/O L&B Realty Advisors Llp is a 501(C)(25) organization based in Dallas, Texas. Its primary function is to acquire real property, hold title, and collect income from these properties. The income, less expenses, is then remitted entirely to its sole shareholder, the Public Employees' Retirement Association of Colorado, a tax-exempt pension fund that adheres to Section 414(D) requirements. The organization's main objective is to generate income from real estate properties and redistribute it to its shareholder.
Is Lenexa Logistic 4 Investment Inc C/O L&B Realty Advisors Llp legitimate?
Lenexa Logistic 4 Investment Inc C/O L&B Realty Advisors Llp is a legitimate nonprofit organization registered as a 501(c)(25) entity. Lenexa Logistic 4 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 Lenexa Logistic 4 Investment Inc C/O L&B Realty Advisors Llp?
Lenexa Logistic 4 Investment Inc, under the management of L&B Realty Advisors Llp, is a 501(C)(25) organization with a specific purpose. It was established to acquire real property, manage its titles, and collect income generated from the property. The primary objective is to 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 provisions of Section 414(D). The association receives all the net income generated by Lenexa Logistic 4 Investment Inc, thereby serving as its primary beneficiary. In essence, the organization's mission is to generate income from real estate investments and distribute it to its tax-exempt shareholder.
Who is the CEO of Lenexa Logistic 4 Investment Inc C/O L&B Realty Advisors Llp?
Amy Mcgarrity is the Sole Director of Lenexa Logistic 4 Investment Inc C/O L&B Realty Advisors Llp.
What is the revenue of Lenexa Logistic 4 Investment Inc C/O L&B Realty Advisors Llp?
Lenexa Logistic 4 Investment Inc C/O L&B Realty Advisors Llp's revenue in 2021 was $726,960.
Who are the executives of Lenexa Logistic 4 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 Lenexa Logistic 4 Investment Inc C/O L&B Realty Advisors Llp?
Lenexa Logistic 4 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 Lenexa Logistic 4 Investment Inc C/O L&B Realty Advisors Llp
Lenexa Logistic 4 Investment Inc C/O L&B Realty Advisors Llp, as a 501(C)(25) organization, was established with a singular purpose: to acquire real property. The organization's primary role involves holding title to these properties and generating income from them. Remarkably, the income generated, after deducting expenses, is then remitted in its entirety to its sole shareholder, the Public Employees' Retirement Association of Colorado. This tax-exempt pension fund, meeting the requirements of Section 414(D), is the beneficiary of Lenexa Logistic 4 Investment Inc C/O L&B Realty Advisors Llp's income distribution. This arrangement ensures that the pension fund receives the net income derived from Lenexa Logistic 4 Investment Inc C/O L&B Realty Advisors Llp's real estate investments.
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Impact
October, 2024
Lenexa Logistic 4 Investment Inc, operating under C/O L&B Realty Advisors LLP, plays a significant role in the real estate sector by acquiring and managing properties primarily for the benefit of the Public Employees' Retirement Association of Colorado (PERA). This entity's operations directly contribute to the financial stability and growth of the retirement fund, ensuring that members receive a reliable income stream from their investments.
By holding title to various real estate properties and generating income through their management, Lenexa Logistic 4 Investment Inc supports the long-term financial health of PERA. The income collected, after expenses, is fully remitted to this pension fund, enhancing its capacity to fulfill its obligations to retirees and employees in the public sector.
Furthermore, the organization’s investment in real estate aligns with broader community improvement goals. By maintaining and developing properties, Lenexa Logistic 4 Investment Inc potentially contributes to local economic development, job creation, and the overall vitality of their surroundings. Their commitment to property management and income generation allows for reinvestment in the community, fostering better living conditions and supporting local initiatives.
In summary, Lenexa Logistic 4 Investment Inc impacts the financial landscape, ensuring robust support for public employees' retirement benefits while also engaging in activities that may contribute positively to community improvements.
This information is meant to be a general summary of Lenexa Logistic 4 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: $1,618,322
Assets and Liabilities:
- Total Assets: $22,155,182
- Total Liabilities: $9,242,991
- Net Assets: $12,912,191
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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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