Overview
What is 86 Inverness Investment Inc C/O L&B Realty Advisors Llp?
86 Inverness Investment Inc C/O L&B Realty Advisors Llp is a 501(C)(25) organization, primarily established for acquiring and managing real estate properties. This nonprofit corporation holds title to these properties, collects income generated from them, and then distributes the net income (after deducting expenses) to its sole shareholder, the Public Employees' Retirement Association of Colorado. This pension fund adheres to the requirements of Section 414(D), making it a tax-exempt entity. The organization operates out of Dallas, Texas, with the specific address provided in the information.
Is 86 Inverness Investment Inc C/O L&B Realty Advisors Llp legitimate?
86 Inverness Investment Inc C/O L&B Realty Advisors Llp is a legitimate nonprofit organization registered as a 501(c)(25) entity. 86 Inverness 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
For more financial information, click here
What is the mission statement of 86 Inverness Investment Inc C/O L&B Realty Advisors Llp?
86 Inverness Investment Inc, under the management of L&B Realty Advisors Llp, is a 501(c)(25) organization primarily focused on acquiring real property. Its primary objective is to hold title to the properties and generate income from them. The organization remits the entire income, after deducting expenses, to its sole shareholder, the Public Employees' Retirement Association of Colorado, a tax-exempt pension fund that meets the requirements of Section 414(D). The association receives the net income generated by 86 Inverness Investment Inc. It is important to note that this organization does not have a traditional mission statement in the sense of promoting social causes or community development, as it is primarily a real estate investment company.
Who is the CEO of 86 Inverness Investment Inc C/O L&B Realty Advisors Llp?
Amy Mcgarrity is the Sole Director of 86 Inverness Investment Inc C/O L&B Realty Advisors Llp.
What is the revenue of 86 Inverness Investment Inc C/O L&B Realty Advisors Llp?
86 Inverness Investment Inc C/O L&B Realty Advisors Llp's revenue in 2021 was $479,491.
Who are the executives of 86 Inverness Investment Inc C/O L&B Realty Advisors Llp and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $749,752
- Other: $120,889
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for 86 Inverness Investment Inc C/O L&B Realty Advisors Llp?
86 Inverness 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 86 Inverness Investment Inc C/O L&B Realty Advisors Llp
86 Inverness Investment Inc C/O L&B Realty Advisors Llp is a 501(C)(25) organization, which means its primary purpose is to acquire real property, hold title to it, collect income from the property, and then distribute the net income (after expenses) to its sole shareholder. This shareholder is the Public Employees' Retirement Association of Colorado, a tax-exempt pension fund that complies with Section 414(D) requirements. The organization's sole function is to generate income through property acquisition and distribution, benefiting the Public Employees' Retirement Association of Colorado. It's important to note that 86 Inverness Investment Inc C/O L&B Realty Advisors Llp does not engage in any charitable activities or provide direct services to the community. Instead, its role is strictly financial, generating income for its sole shareholder.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
86 Inverness Investment Inc, managed by L&B Realty Advisors LLP, plays a significant role in the real estate sector by acquiring properties and generating income primarily for the Public Employees' Retirement Association of Colorado. This organization is dedicated to holding and managing real estate assets, effectively promoting community improvement through its investments.
By focusing on income generation, 86 Inverness Investment Inc helps ensure financial stability for the retirement association's stakeholders, demonstrating a commitment to supporting public employees in their post-retirement years. The operations contribute to local economies, as the management of real property often involves maintenance, tenant relations, and community engagement, which collectively enhance the neighborhood's vibrancy.
Moreover, the structured approach of remitting income to a tax-exempt pension fund underlines the correlation between responsible real estate management and support for the broader community by safeguarding the financial well-being of public employees. This facilitation of property management and revenue generation ultimately strengthens the financial foundation for essential public services that these employees support.
This information is meant to be a general summary of 86 Inverness 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.
- Investment Income: $1
- Gross Receipts: $890,090
Assets and Liabilities:
- Total Assets: $14,032,382
- Total Liabilities: $6,637,578
- Net Assets: $7,394,804
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2017
Phone
(214) 989-0800Principal Officer
Amy Mcgarrity
Main Address
5910 NORTH CENTRAL EXPY 1200, DALLAS, TX, 75206
NTEE Category
Code: S47 - Community improvement
If you are a representative of 86 Inverness Investment Inc C/O L&B Realty Advisors Llp and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.