Overview
What is Np Royal Ridge Llc C/O Aew Capital Management Lp?
NP Royal Ridge LLC, under the management of Aew Capital Management LP, serves as a title holding company for real estate. Its primary purpose is to acquire and maintain property titles, generate income from these properties, and distribute the net income, after deducting expenses, to its shareholders who enjoy tax exemption under IRC Sec. 401(a). Mindy Fitzpatrick oversees the company's operations. This title holding company focuses solely on real estate investments and income distribution to its exempt shareholders.
Is Np Royal Ridge Llc C/O Aew Capital Management Lp legitimate?
Np Royal Ridge Llc C/O Aew Capital Management Lp is a legitimate nonprofit organization registered as a 501(c)(25) entity. Np Royal Ridge 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: $16,482
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What is the mission statement of Np Royal Ridge Llc C/O Aew Capital Management Lp?
NP Royal Ridge LLC, acting as a title holding company under Aew Capital Management LP, was established with a specific purpose. Its primary mission is to acquire and hold title to real property, collect the resulting income, and subsequently distribute the net income, after deducting expenses, to its shareholders, who benefit from tax exemptions under IRC Sec. 401(A). The company's role is to manage and generate income from real estate properties, with the ultimate goal of distributing these funds to its tax-exempt shareholders.
Who is the CEO of Np Royal Ridge Llc C/O Aew Capital Management Lp?
Mindy Fitzpatrick is the Authorized Signatories of Np Royal Ridge Llc C/O Aew Capital Management Lp.
What is the revenue of Np Royal Ridge Llc C/O Aew Capital Management Lp?
Np Royal Ridge Llc C/O Aew Capital Management Lp's revenue in 2022 was $4,188,477.
Who are the executives of Np Royal Ridge Llc C/O Aew Capital Management Lp and what are their salaries?
There 10 volunteers at Np Royal Ridge 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 Royal Ridge Llc C/O Aew Capital Management Lp?
Np Royal Ridge Llc C/O Aew Capital Management Lp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Np Royal Ridge Llc C/O Aew Capital Management Lp
Np Royal Ridge Llc C/O Aew Capital Management Lp, as a title holding company, was established with a specific purpose in mind. Its mission is to acquire and maintain ownership of real property. The company collects the income generated from this property and distributes the net amount, after deducting expenses, among its shareholders. Notably, these shareholders are exempt from tax under IRC Sec. 401(A). Mindy Fitzpatrick is responsible for overseeing the operations of this company. In essence, Np Royal Ridge Llc C/O Aew Capital Management Lp serves as a platform to invest in real estate, generating income and distributing it to its tax-exempt shareholders.
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Impact
October, 2024
Np Royal Ridge LLC is primarily focused on acquiring and holding title to real property. This strategic engagement allows the entity to collect income generated from its real estate holdings, contributing to local economic stability through property maintenance and management.
The company's operations, overseen by Mindy Fitzpatrick, facilitate the effective administration of its real estate portfolio, ensuring that assets are properly managed to maximize income generation. Additionally, by distributing the net income to its shareholders, who are exempt from tax under IRC Section 401(a), Np Royal Ridge LLC can foster a financially sustainable model that promotes investment in real estate while benefiting its stakeholders.
The organization plays a pivotal role in the housing market by holding properties that might otherwise remain vacant or underutilized, thus contributing to the overall vitality of the neighborhoods in which it operates. Its presence in Boston, Massachusetts, also reflects a commitment to maintaining and enhancing local property values, supporting economic growth in the region.
This information is meant to be a general summary of Np Royal Ridge 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 2022.
- Investment Income: $4,134
- Program Service Revenue: $4,184,343
- Gross Receipts: $4,188,477
Assets and Liabilities:
- Total Assets: $38,980,440
- Total Liabilities: $486,500
- Net Assets: $38,493,940
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$4,184,343
Organization Details
Founding Year
2018
Phone
(617) 261-9000Principal Officer
Mindy Fitzpatrick
Main Address
TWO SEAPORT LANE 15TH FLOOR, BOSTON, MA, 022102021
NTEE Category
Code: Z99 - Unknown
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