Overview
What is Np Minneapolis Industrial Llc C/O Aew Capital Management Lp?
NP Minneapolis Industrial LLC, managed by Aew Capital Management LP, is a title-holding company based in Boston, MA. Established with the unique purpose of acquiring and holding title to real property, it collects income from these properties and subsequently distributes the net earnings to its exempt-from-tax shareholders, as per IRC Sec. 401(a). The organization, led by Mindy Fitzpatrick, solely focuses on real estate investments, providing financial returns to its tax-exempt beneficiaries.
Is Np Minneapolis Industrial Llc C/O Aew Capital Management Lp legitimate?
Np Minneapolis Industrial Llc C/O Aew Capital Management Lp is a legitimate nonprofit organization registered as a 501(c)(25) entity. Np Minneapolis Industrial 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: $11,241
For more financial information, click here
What is the mission statement of Np Minneapolis Industrial Llc C/O Aew Capital Management Lp?
NP Minneapolis Industrial LLC is established with the primary purpose of acquiring and holding title to real property. The company generates income from these properties and subsequently distributes the net income, after deducting expenses, to its shareholders who benefit from tax exemptions under IRC Sec. 401(a). The organization's goal is to serve as a title holding company, providing an income source while adhering to the tax exemption guidelines.
Who is the CEO of Np Minneapolis Industrial Llc C/O Aew Capital Management Lp?
Mindy Fitzpatrick is the Authorized Signatories of Np Minneapolis Industrial Llc C/O Aew Capital Management Lp.
What is the revenue of Np Minneapolis Industrial Llc C/O Aew Capital Management Lp?
Np Minneapolis Industrial Llc C/O Aew Capital Management Lp's revenue in 2022 was $1,501,004.
Who are the executives of Np Minneapolis Industrial Llc C/O Aew Capital Management Lp and what are their salaries?
There 10 volunteers at Np Minneapolis Industrial 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 Minneapolis Industrial Llc C/O Aew Capital Management Lp?
Np Minneapolis Industrial 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 Minneapolis Industrial Llc C/O Aew Capital Management Lp
Np Minneapolis Industrial Llc C/O Aew Capital Management Lp was established with a specific purpose in mind. This organization, functioning as a title holding company, was organized to acquire and hold title to real property. Its primary objective is to collect income generated from these properties and subsequently distribute the entire sum, after deducting expenses, to its shareholders who are exempt from tax under IRC Sec. 401 (A). In simpler terms, Np Minneapolis Industrial Llc C/O Aew Capital Management Lp's mission is to invest in real estate, generate income from these investments, and distribute the profits to its tax-exempt shareholders, while keeping its operational expenses in check.
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Impact
October, 2024
Np Minneapolis Industrial LLC, managed by AEW Capital Management LP, plays a critical role in the real estate sector by functioning as a title holding company for real property. Its primary activity is to acquire and manage real estate assets, generating income which is then distributed to its shareholders. This structure allows for both efficient management of property holdings and optimized financial returns to its shareholders, all while complying with tax-exempt regulations under IRC Section 401(a).
The company's focus on property acquisition and income generation contributes to the local economy by stabilizing and enhancing the real estate market. Such investments can lead to job creation and improvements in community infrastructure through the development and maintenance of properties.
With a mission centered on real estate management and financial returns, NP Minneapolis Industrial LLC also plays a vital role in fostering public benefit by ensuring that its operations are aligned with community needs and objectives. Their strategic property holdings can spur development and promote responsible land use, ultimately benefiting residents and stakeholders in the areas where they operate.
This information is meant to be a general summary of Np Minneapolis Industrial 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: $775
- Program Service Revenue: $1,500,229
- Gross Receipts: $1,501,004
Assets and Liabilities:
- Total Assets: $16,770,017
- Total Liabilities: $245,835
- Net Assets: $16,524,182
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$1,500,229
Organization Details
Founding Year
2019
Phone
(617) 261-9000Principal Officer
Mindy Fitzpatrick
Main Address
TWO SEAPORT LANE 15TH FLOOR, BOSTON, MA, 022102021
NTEE Category
Code: W12 - Public benefit
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