Overview
What is Np 18th & Chet Llc C/O Aew Capital Management Lp?
Np 18th & Chet Llc C/O Aew Capital Management Lp is a title holding company, established for the sole purpose of acquiring and managing real estate properties. Its primary objective is to generate income from these properties and subsequently distribute the earnings, less expenses, to its shareholders who are exempt from federal income tax under IRC Sec.401(a). The company's role involves holding the title to real property, thereby serving as a crucial intermediary in the real estate market.
Is Np 18th & Chet Llc C/O Aew Capital Management Lp legitimate?
Np 18th & Chet Llc C/O Aew Capital Management Lp is a legitimate nonprofit organization registered as a 501(c)(25) entity. Np 18th & Chet 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: $89,176
For more financial information, click here
What is the mission statement of Np 18th & Chet Llc C/O Aew Capital Management Lp?
Np 18th & Chet Llc C/O Aew Capital Management Lp was established with a specific purpose. This company primarily functions as a title holding company for real property. Its primary objective is to acquire and maintain ownership of real estate properties. The income generated from these properties is then distributed to its exempt shareholders, who are not subject to tax under IRC Section 401(a). The company's main role is to manage these properties and distribute the income, after deducting expenses, to its shareholders.
What is the revenue of Np 18th & Chet Llc C/O Aew Capital Management Lp?
Np 18th & Chet Llc C/O Aew Capital Management Lp's revenue in 2024 was $6,036,635.
Who are the executives of Np 18th & Chet Llc C/O Aew Capital Management Lp and what are their salaries?
There 10 volunteers at Np 18th & Chet 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 18th & Chet Llc C/O Aew Capital Management Lp?
Np 18th & Chet 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 18th & Chet Llc C/O Aew Capital Management Lp
Np 18th & Chet Llc C/O Aew Capital Management Lp was established with a specific mission in mind. This organization was founded for the sole purpose of acquiring and holding title to real property. The primary objective is to collect the income generated from these properties and subsequently distribute the entire amount, less any expenses, to its exempt shareholders, as per the Internal Revenue Code Section 401(a). In simpler terms, the company's mission is to serve as a title holding entity for real estate, generating income, and distributing the profits to its tax-exempt shareholders.
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Impact
October, 2024
Np 18th & Chet LLC, operating as a title holding company for real property, plays a significant role in managing real estate assets. Its primary function is to acquire and hold title to properties, ensuring effective management and protection of these assets. By collecting income from the properties it holds, the company generates financial returns that are ultimately distributed to its shareholders, who are tax-exempt under IRC Section 401(a).
This structure allows for focused asset management, enabling the company to optimize property value and income generation. The impact of Np 18th & Chet LLC is particularly enhanced through its strategic approach to real estate investment, which can support economic growth in the Boston area by maintaining and improving property standards, contributing to local employment, and generating tax revenue through property taxes.
The company’s operations also contribute to the stability of real estate markets by acting as a reliable entity for property ownership, mitigating risks associated with real estate investment for its shareholders. Overall, Np 18th & Chet LLC serves as a critical player in the real estate sector, aligning with the interests of its stakeholders while fostering community and economic development.
This information is meant to be a general summary of Np 18th & Chet 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: $41,052
- Program Service Revenue: $5,995,583
- Gross Receipts: $6,036,635
Assets and Liabilities:
- Total Assets: $81,716,238
- Total Liabilities: $1,287,958
- Net Assets: $80,428,280
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$5,995,583
Organization Details
Founding Year
2021
Principal Officer
Mindy Fitzpatrick
NTEE Category
Code: Y30 - Mutual benefit
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