Overview
What is L-O Mission Palms Inc?
L-O Mission Palms Inc is a nonprofit organization situated in Los Angeles, California. Their primary focus is on real estate, serving as a title holding company for the acquisition, ownership, and operation of properties. This mission aims to maximize the investment return for the Public Employees Retirement System of Ohio. The organization's work is centered around real estate, making it an essential player in this field for the aforementioned retirement system.
Is L-O Mission Palms Inc legitimate?
L-O Mission Palms Inc is a legitimate nonprofit organization registered as a 501(c)(2) entity. L-O Mission Palms 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.
Heare are some key statistics you may want to consider:
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What is the mission statement of L-O Mission Palms Inc?
L-O Mission Palms Inc, as a real estate title holding company, is primarily focused on maximizing the investment return for the Public Employees Retirement System of Ohio. Their mission involves the acquisition, ownership, and operation of real property. The organization derives rental and other income, which is in line with its exempt purpose of managing real estate properties.
Who is the CEO of L-O Mission Palms Inc?
Bleecker P Seaman Iii is the Ceo/Pres./Dir. (Until 4/30/22) of L-O Mission Palms Inc. The CEO's salary of L-O Mission Palms Inc is $0 and their total compensation is $0.
What is the revenue of L-O Mission Palms Inc?
L-O Mission Palms Inc's revenue in 2022 was $4,153,331.
Who are the executives of L-O Mission Palms Inc and what are their salaries?
Here are 7 key members and their salaries (L-O Mission Palms Inc's CEO's salary is $0 and their total compensation is $0):
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Where can I find the form 990 for L-O Mission Palms Inc?
L-O Mission Palms Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of L-O Mission Palms Inc
L-O Mission Palms Inc, a real estate title holding company, is committed to maximizing the investment return of the Public Employees Retirement System of Ohio. The organization achieves this mission by acquiring, owning, and operating real property. The rental and other income generated from these properties are in line with L-O Mission Palms Inc's exempt purpose. This approach allows the company to contribute to the financial well-being of the retirement system, thereby benefiting its public employees. The organization's activities in real estate are centered around enhancing investment returns, demonstrating a dedication to financial responsibility and growth.
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Impact
October, 2024
L-O Mission Palms Inc plays a crucial role in maximizing the investment return for the Public Employees Retirement System of Ohio through its strategic acquisition, ownership, and operation of real properties. By effectively managing real estate assets in Los Angeles, the organization not only generates rental income but also contributes to community improvement. This underscores its commitment to enhancing the local environment while ensuring sustainable returns for its stakeholders. Through its activities, L-O Mission Palms Inc positively impacts both the financial stability of public employees and the overall health of the communities it operates within.
This information is meant to be a general summary of L-O Mission Palms 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 2022.
- Investment Income: $13,331
- Program Service Revenue: $4,140,000
- Gross Receipts: $4,153,331
Assets and Liabilities:
- Total Assets: $76,574,719
- Total Liabilities: $21,171
- Net Assets: $76,553,548
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$4,140,000
Organization Details
Founding Year
1991
Phone
(800) 261-4481Principal Officer
Bleecker P Seaman Iii
Main Address
11755 WILSHIRE BLVD SUITE 1350, LOS ANGELES, CA, 90025
NTEE Category
Code: S47 - Community improvement
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