Overview
What is Np Dr Phillips Llc C/O Aew Capital Management Lp?
NP Dr Phillips LLC, under the oversight of Aew Capital Management LP, is a Boston, Massachusetts-based organization primarily focused on real estate. Established for the sole purpose of acquiring and holding title to property, the company generates income from these assets. After accounting for operating expenses, the company distributes the remaining earnings to its shareholders, who are exempt from federal taxation under IRC Sec. 401(a). Overseen by Mindy Fitzpatrick, the company's activities revolve around title holding and income distribution.
Is Np Dr Phillips Llc C/O Aew Capital Management Lp legitimate?
Np Dr Phillips Llc C/O Aew Capital Management Lp is a legitimate nonprofit organization registered as a 501(c)(25) entity. Np Dr Phillips 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: $554,050
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What is the mission statement of Np Dr Phillips Llc C/O Aew Capital Management Lp?
Np Dr Phillips Llc C/O Aew Capital Management Lp is established with the primary objective of acquiring and holding title to real property. The company generates income from these properties and subsequently distributes the net income, after accounting for expenses, to its shareholders, who are exempt from taxation under IRC Sec. 401(A). In essence, the company's mission is to serve as a title holding entity, generating income from real estate investments and distributing the proceeds to its tax-exempt shareholders.
Who is the CEO of Np Dr Phillips Llc C/O Aew Capital Management Lp?
Mindy Fitzpatrick is the Authorized Signatories of Np Dr Phillips Llc C/O Aew Capital Management Lp.
What is the revenue of Np Dr Phillips Llc C/O Aew Capital Management Lp?
Np Dr Phillips Llc C/O Aew Capital Management Lp's revenue in 2022 was $9,684,084.
Who are the executives of Np Dr Phillips Llc C/O Aew Capital Management Lp and what are their salaries?
There 10 volunteers at Np Dr Phillips 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 Dr Phillips Llc C/O Aew Capital Management Lp?
Np Dr Phillips 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 Dr Phillips Llc C/O Aew Capital Management Lp
Np Dr Phillips Llc C/O Aew Capital Management Lp was established with a specific purpose in mind: to serve as a title holding company for real property. The organization's mission is to acquire and maintain ownership of various properties, generating income from them. This income is then distributed to the company's shareholders, who are exempt from taxation under IRC Sec.401(A). The primary objective of Np Dr Phillips Llc C/O Aew Capital Management Lp is to maximize returns for its shareholders while holding title to real property, demonstrating a strategic and financially focused approach to its operations.
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Impact
October, 2024
Np Dr Phillips LLC C/O AEW Capital Management LP serves a specific function as a title holding company for real property. Its primary impact lies in its role of acquiring and holding real estate, which allows it to generate income from these assets. This income is then distributed to its shareholders after accounting for expenses.
By focusing on real property investment, Np Dr Phillips LLC contributes to the real estate market, influencing local economies through property management and income generation. The company's operations not only benefit its shareholders but also can enhance community development and stability, as real estate often reflects and shapes the economic landscape of an area.
The management of the company, led by Mindy Fitzpatrick, ensures that the operations align with its mission of maximizing returns for its shareholders while adhering to the regulatory framework under IRC Section 401(a). This structured approach allows for efficient management of investments, potentially fostering greater stability in property values and contributing to the vibrancy of the communities in which its properties are located.
This information is meant to be a general summary of Np Dr Phillips 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: $1,979
- Program Service Revenue: $9,682,105
- Gross Receipts: $9,684,084
Assets and Liabilities:
- Total Assets: $116,332,527
- Total Liabilities: $561,643
- Net Assets: $115,770,884
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$9,682,105
Organization Details
Founding Year
2021
Phone
(617) 261-9000Principal Officer
Mindy Fitzpatrick
Main Address
TWO SEAPORT LANE 15TH FLOOR, Boston, MA, 022102021
NTEE Category
Code: Y30 - Mutual benefit
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