Overview
What is Domain Parkside Iii Llc?
Domain Parkside III LLC is a title-holding corporation, functioning under the Internal Revenue Code Section 501(c)(25). Its primary role is to manage real estate properties on behalf of the SBC Master Pension Trust. This corporation serves as a legal entity that holds the title to the properties, ensuring their proper management and utilization for the designated trust. It does not provide direct services or engage in charitable activities but focuses solely on real estate management.
Is Domain Parkside Iii Llc legitimate?
Domain Parkside Iii Llc is a legitimate nonprofit organization registered as a 501(c)(25) entity. Domain Parkside Iii Llc 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.
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What is the mission statement of Domain Parkside Iii Llc?
Domain Parkside Iii Llc serves as a title-holding corporation, fulfilling the requirements of IRC Section 501(c)(25). Its primary function is to hold title to real property on behalf of the SBC Master Pension Trust. This role is essential in managing the ownership of properties, acting as a secure and reliable intermediary for the trust. The corporation does not have a conventional mission statement focused on public welfare or community development like other non-profit organizations, but rather, it concentrates on its specific role as a title-holder in the real estate sector.
Who is the CEO of Domain Parkside Iii Llc?
R Lee Phegley is the Director, Vp/Sec of Domain Parkside Iii Llc.
What is the revenue of Domain Parkside Iii Llc?
Domain Parkside Iii Llc's revenue in 2022 was $2,318,191.
Who are the executives of Domain Parkside Iii Llc and what are their salaries?
Here are 18 key members and their salaries:
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Where can I find the form 990 for Domain Parkside Iii Llc?
Domain Parkside Iii Llc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Domain Parkside Iii Llc
Domain Parkside III LLC, as a title-holding corporation, is committed to operating in accordance with the Internal Revenue Code Section 501(c)(25). Its primary mission is to hold title to real property on behalf of the SBC Master Pension Trust. In essence, Domain Parkside III LLC acts as a custodian, safeguarding the ownership of real estate assets for the benefit of the trust. This role is crucial in maintaining the integrity and legal standing of the property, ensuring that it is utilized and managed in accordance with the trust's objectives.
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Impact
October, 2024
Domain Parkside III LLC plays a crucial role in the management and organization of real estate assets specifically for the SBC Master Pension Trust. By serving as a title-holding corporation, it ensures efficient title management and compliance with relevant regulations outlined in IRC Section 501(c)(25). This structure facilitates the secure and effective administration of real property, ultimately supporting the financial sustainability of the pension trust.
The impact of Domain Parkside III LLC extends to the housing sector, as its activities contribute to maintaining and managing properties that can be leveraged to support the financial security of pension beneficiaries. By holding title to real estate, the organization helps to ensure that these assets are preserved and utilized in ways that benefit long-term financial planning. This alignment with housing goals also promotes stability within the community, as it indirectly supports the broader housing market through prudent asset management.
This information is meant to be a general summary of Domain Parkside Iii Llc. 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.
- Gross Receipts: $6,756,322
Assets and Liabilities:
- Total Assets: $90,591,501
- Total Liabilities: $36,113,344
- Net Assets: $54,478,157
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Organization Details
Founding Year
2019
Phone
(972) 715-7400Principal Officer
R Lee Phegley
Main Address
2001 ROSS AVENUE SUITE 3400, DALLAS, TX, 75201
NTEE Category
Code: L11 - Housing
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