Overview
What is Lenexa Logistic Lot 1 Investment Inc C/O L&B Realty Advisors Llp?
Lenexa Logistic Lot 1 Investment Inc C/O L&B Realty Advisors Llp is a 501(C)(25) organization based in Dallas, Texas. Established primarily for acquiring real property, the organization holds title to the property and collects income from it. The entire income, after deducting expenses, is then remitted 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 organization's purpose is to generate income for this pension fund, serving as a financial investment vehicle.
Is Lenexa Logistic Lot 1 Investment Inc C/O L&B Realty Advisors Llp legitimate?
Lenexa Logistic Lot 1 Investment Inc C/O L&B Realty Advisors Llp is a legitimate nonprofit organization registered as a 501(c)(25) entity. Lenexa Logistic Lot 1 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 Lenexa Logistic Lot 1 Investment Inc C/O L&B Realty Advisors Llp?
Lenexa Logistic Lot 1 Investment Inc, under the management of L&B Realty Advisors Llp, is a 501(C)(25) organization with a specific purpose. This organization was established to acquire real property, maintain ownership, collect income from the property, and subsequently remit the entire income (after deducting expenses) to its sole shareholder. The shareholder in question is the Public Employees' Retirement Association of Colorado, a tax-exempt pension fund that adheres to Section 414(D) requirements. All distributions from Lenexa Logistic Lot 1 Investment Inc were made to this pension fund, with the shareholder receiving the net income. It's essential to note that Lenexa Logistic Lot 1 Investment Inc does not have a mission statement in the traditional sense, as its purpose is purely financial and does not involve advocacy, support, or providing resources to a specific group or cause.
Who is the CEO of Lenexa Logistic Lot 1 Investment Inc C/O L&B Realty Advisors Llp?
Amy Mcgarrity is the Sole Director of Lenexa Logistic Lot 1 Investment Inc C/O L&B Realty Advisors Llp.
What is the revenue of Lenexa Logistic Lot 1 Investment Inc C/O L&B Realty Advisors Llp?
Lenexa Logistic Lot 1 Investment Inc C/O L&B Realty Advisors Llp's revenue in 2021 was $123,810.
Who are the executives of Lenexa Logistic Lot 1 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 Lot 1 Investment Inc C/O L&B Realty Advisors Llp?
Lenexa Logistic Lot 1 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 Lot 1 Investment Inc C/O L&B Realty Advisors Llp
Lenexa Logistic Lot 1 Investment Inc C/O L&B Realty Advisors Llp is a 501(C)(25) organization, established with the sole purpose of acquiring real property. The organization's primary objective is to hold title to the property and generate income from it. This income, less any expenses, is then remitted in its entirety to the sole shareholder of the corporation, the Public Employees' Retirement Association of Colorado. This pension fund, which meets the requirements of Section 414(D), is a tax-exempt entity that receives the net income derived from Lenexa Logistic Lot 1 Investment Inc C/O L&B Realty Advisors Llp's real estate ventures. In simpler terms, Lenexa Logistic Lot 1 Investment Inc C/O L&B Realty Advisors Llp serves as an investment vehicle, focusing on property acquisition and income generation, which is then distributed to its primary shareholder, the Public Employees' Retirement Association of Colorado.
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Impact
October, 2024
Lenexa Logistic Lot 1 Investment Inc, operating under the management of L&B Realty Advisors LLP, focuses on acquiring and managing real estate properties. Its primary function is to hold and generate income from these properties, with all revenue, after expenses, remitted to its sole shareholder, the Public Employees' Retirement Association of Colorado (PERA).
The impact of this organization is multifaceted. By efficiently managing property assets, it contributes to the financial stability of PERA, which provides retirement benefits to public employees in Colorado. This ensures that retired public servants receive the income they deserve, thereby enhancing their quality of life.
Additionally, the operational activities of Lenexa Logistic Lot 1 Investment can stimulate local economies. By maintaining and improving real estate properties, the organization potentially increases local employment opportunities in property management, maintenance, and real estate services. This can lead to a ripple effect, benefiting surrounding businesses and communities.
Furthermore, the focus on community improvement aligns with broader goals of fostering sustainable economic growth and environmental stewardship, as responsible property management often includes efforts to enhance the aesthetic and functional aspects of the neighborhood. Overall, Lenexa Logistic Lot 1 Investment Inc plays a significant role in both the financial health of its shareholder and the community at large.
This information is meant to be a general summary of Lenexa Logistic Lot 1 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: $300,659
Assets and Liabilities:
- Total Assets: $3,206,630
- Total Liabilities: $89,951
- Net Assets: $3,116,679
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Organization Details
Founding Year
2018
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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