Overview
What is Np Park 288 Llc C/O Aew Capital Management Lp?
NP Park 288 LLC, led by Mindy Fitzpatrick, is a title holding company, specifically focused on real property. It was established with the primary objective of acquiring and maintaining ownership of real estate. The company collects income generated from these properties and distributes it to its shareholders, who enjoy tax exemptions under IRC Sec. 401(a). NP Park 288 LLC serves as a passive investor in real estate, generating income and distributing it to its tax-exempt shareholders.
Is Np Park 288 Llc C/O Aew Capital Management Lp legitimate?
Np Park 288 Llc C/O Aew Capital Management Lp is a legitimate nonprofit organization registered as a 501(c)(25) entity. Np Park 288 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: $0
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What is the mission statement of Np Park 288 Llc C/O Aew Capital Management Lp?
NP Park 288 LLC, functioning as a title holding company, was established with a specific purpose in mind. Its objective is primarily focused on acquiring and retaining ownership of real property. The company generates income from these properties and subsequently distributes the proceeds, less any incurred expenses, to its shareholders. Notably, these shareholders are exempt from taxation under the Internal Revenue Code Section 401(a).
What is the revenue of Np Park 288 Llc C/O Aew Capital Management Lp?
Np Park 288 Llc C/O Aew Capital Management Lp's revenue in 2024 was $5,788,768.
Who are the executives of Np Park 288 Llc C/O Aew Capital Management Lp and what are their salaries?
There 10 volunteers at Np Park 288 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 Park 288 Llc C/O Aew Capital Management Lp?
Np Park 288 Llc C/O Aew Capital Management Lp's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Np Park 288 Llc C/O Aew Capital Management Lp
Np Park 288 Llc C/O Aew Capital Management Lp, under the leadership of Mindy Fitzpatrick, operates as a title holding company for real property. The organization's primary objective is to acquire various real estate properties and maintain title ownership. Its primary mission is to collect income generated from these properties and distribute the net proceeds, after deducting expenses, to its tax-exempt shareholders, as per the Internal Revenue Code Section 401(a). The company's activities are focused on real estate acquisition, income generation, and the distribution of profits to its exempt shareholders, ensuring a steady income stream while adhering to tax exemption regulations.
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Impact
October, 2024
Np Park 288 LLC, managed by Mindy Fitzpatrick, significantly impacts the local real estate landscape and community through its activities as a title holding company. By acquiring and maintaining real property, the company ensures that valuable assets remain in the hands of stakeholders who benefit from the income generated.
The organization plays a crucial role in property management and income generation, directly influencing local economic activity. By efficiently managing real estate holdings and redistributing income to its tax-exempt shareholders, Np Park 288 LLC contributes to community improvement and stability. This structured approach allows for reinvestment in community initiatives or additional property acquisitions, further enhancing the local economic framework.
In summary, Np Park 288 LLC positively affects the local economy and community by managing real property effectively and supporting tax-exempt stakeholders through its income distribution strategy.
This information is meant to be a general summary of Np Park 288 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 2024.
- Investment Income: $24,265
- Program Service Revenue: $5,764,503
- Gross Receipts: $5,788,768
Assets and Liabilities:
- Total Assets: $53,044,659
- Total Liabilities: $2,500,131
- Net Assets: $50,544,528
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$5,764,503
Organization Details
Founding Year
2017
Principal Officer
Mindy Fitzpatrick
NTEE Category
Code: S47 - Community improvement
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