Overview
What is Edison Office Commons Inc?
Edison Office Commons Inc, based in Dallas, Texas, is a title holding corporation that operates in compliance with IRC Section 501(c)(25). Its primary role is to manage real estate properties on behalf of the Public Employees' Retirement System of Nevada. The organization derives income from these properties and serves as a title holder, ensuring the legal ownership and management of the properties for the retirement system.
Is Edison Office Commons Inc legitimate?
Edison Office Commons Inc is a legitimate nonprofit organization registered as a 501(c)(25) entity. Edison Office Commons Inc 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 Edison Office Commons Inc?
Edison Office Commons Inc, functioning as a title holding corporation under IRC Section 501(c)(25), is responsible for holding the title to real property on behalf of the Public Employees' Retirement System of Nevada. The organization's primary role is to manage and safeguard the property titles, while also generating income. Edison Office Commons Inc does not have a traditional mission statement focused on social causes or community development, but rather serves a specific purpose in the realm of real estate and finance.
Who is the CEO of Edison Office Commons Inc?
Lee Phegley is the Principal Officer of Edison Office Commons Inc.
What is the revenue of Edison Office Commons Inc?
Edison Office Commons Inc's revenue in 2021 was $946,567.
Who are the executives of Edison Office Commons Inc and what are their salaries?
Here are 16 key members and their salaries:
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Where can I find the form 990 for Edison Office Commons Inc?
Edison Office Commons Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Edison Office Commons Inc
Edison Office Commons, as a title holding corporation, operates in compliance with IRC Section 501(c)(25). Its primary role is to hold title to real property on behalf of the Public Employees' Retirement System of Nevada. Beyond this, Edison Office Commons also collects income, acting as a financial intermediary for the retirement system. In essence, Edison Office Commons serves as a steward of property and financial resources, ensuring their safe and effective management for the benefit of the retirement system and its beneficiaries.
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Impact
October, 2024
Edison Office Commons Inc significantly impacts the financial stability and growth of the Public Employees' Retirement System of Nevada by serving as a title holding corporation. By managing and holding title to real property, it plays a crucial role in safeguarding and enhancing the assets intended for public employees' retirement. Additionally, its operations generate income, contributing to the overall financial resources available for retirement benefits. This income not only supports the retirement system but also fosters community improvement through responsible property management and development in Dallas, TX. By ensuring that the real estate assets are effectively managed, Edison Office Commons helps to strengthen the long-term viability of retirement funds dedicated to public employees, ultimately benefiting the wider community through enhanced service delivery and fiscal responsibility.
This information is meant to be a general summary of Edison Office Commons Inc. 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: $875
- Gross Receipts: $1,698,871
Assets and Liabilities:
- Total Assets: $40,244,814
- Total Liabilities: $358,268
- Net Assets: $39,886,546
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Organization Details
Founding Year
2020
Phone
(972) 715-7400Principal Officer
Lee Phegley
Main Address
2001 ROSS AVE STE 3400, DALLAS, TX, 75201
NTEE Category
Code: S47 - Community improvement
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