Overview
What is Np Crosby Llc C/O Aew Capital Management Lp?
NP Crosby LLC, under the management of Aew Capital Management LP, is a title-holding company based in Boston, Massachusetts. Its primary purpose is to acquire and maintain ownership of real property, generating income from these assets. The income collected is then distributed to its shareholders, who enjoy tax exemptions under IRC Sec.40. The company is led by Mindy Fitzpatrick. While its main focus is on real estate, it operates as a passive entity, merely collecting income and distributing it to its shareholders.
Is Np Crosby Llc C/O Aew Capital Management Lp legitimate?
Np Crosby Llc C/O Aew Capital Management Lp is a legitimate nonprofit organization registered as a 501(c)(25) entity. Np Crosby 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: $621,911
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What is the mission statement of Np Crosby Llc C/O Aew Capital Management Lp?
Np Crosby Llc C/O Aew Capital Management Lp was established primarily for the purpose of acquiring and holding title to real property. The company's main objective is to generate income from these properties and subsequently distribute the net income, after deducting expenses, to its shareholders. Notably, these shareholders enjoy tax exemption under IRC Sec.401(A). In essence, the company serves as a title holding entity, generating income and distributing it to its tax-exempt shareholders.
What is the revenue of Np Crosby Llc C/O Aew Capital Management Lp?
Np Crosby Llc C/O Aew Capital Management Lp's revenue in 2024 was $7,410,997.
Who are the executives of Np Crosby Llc C/O Aew Capital Management Lp and what are their salaries?
There 10 volunteers at Np Crosby 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 Crosby Llc C/O Aew Capital Management Lp?
Np Crosby Llc C/O Aew Capital Management Lp's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Np Crosby Llc C/O Aew Capital Management Lp
Np Crosby Llc C/O Aew Capital Management Lp was established with a singular purpose: to acquire and hold title to real property. This company operates with the primary objective of generating income from these properties and subsequently distributing the majority of the earnings, after deducting expenses, to its tax-exempt shareholders, as per the Internal Revenue Code Section 401(A). The organization is led by Mindy Fitzpatrick and focuses solely on its designated mission, without engaging in other business activities.
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Impact
October, 2024
Np Crosby LLC, under the management of AEW Capital Management LP, plays a significant role in the real estate sector by functioning as a title holding company for real property. Its primary activity involves acquiring and holding real estate assets, which allows for the collection of income generated from these properties.
By organizing its operations in this manner, Np Crosby LLC ensures that the income derived from its real estate holdings is managed efficiently and returned to its shareholders after accounting for expenses. This structure not only benefits the shareholders by providing them with a tax-exempt income under IRC Sec. 401(A), but it also contributes to the local economy in Boston, MA, where the company is located.
The presence of Np Crosby LLC in the market can influence property values, investment opportunities, and the economic landscape in its operational area. By managing and maintaining properties, the company may also have a role in urban development and revitalization efforts, indirectly impacting community growth and stability. Overall, the company’s activities facilitate investment returns for its shareholders while also influencing the broader real estate environment.
This information is meant to be a general summary of Np Crosby 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 2024.
- Investment Income: $23,888
- Program Service Revenue: $7,333,549
- Gross Receipts: $7,480,952
Assets and Liabilities:
- Total Assets: $78,734,275
- Total Liabilities: $2,464,054
- Net Assets: $76,270,221
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$7,333,549
Organization Details
Founding Year
2021
Principal Officer
Mindy Fitzpatrick
NTEE Category
Code: Y30 - Mutual benefit
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