Overview
What is Np Abbey Llc C/O Aew Capital Management Lp?
NP Abbey LLC, situated in Boston, Massachusetts, functions as a title holding company for real property. Led by Mindy Fitzpatrick, its primary objective is to acquire and maintain ownership of real estate properties. The company generates income from these properties and subsequently distributes the entire amount, after accounting for expenses, to its shareholders, who enjoy tax exemption under IRC Sec. 40. This tax-exempt status allows the shareholders to fully benefit from the income generated by the real estate holdings.
Is Np Abbey Llc C/O Aew Capital Management Lp legitimate?
Np Abbey Llc C/O Aew Capital Management Lp is a legitimate nonprofit organization registered as a 501(c)(25) entity. Np Abbey 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: $472,667
For more financial information, click here
What is the mission statement of Np Abbey Llc C/O Aew Capital Management Lp?
NP Abbey LLC, functioning as a title holding company, was established with the primary objective of acquiring and maintaining title to real property. The company's primary source of income comes from these properties. After covering expenses, the company distributes the entire income to its shareholders, who are exempt from tax under IRC Sec. 401(A). In essence, NP Abbey LLC serves to acquire, manage, and distribute income from property investments to its tax-exempt shareholders.
Who is the CEO of Np Abbey Llc C/O Aew Capital Management Lp?
Mindy Fitzpatrick is the Authorized Signatories of Np Abbey Llc C/O Aew Capital Management Lp.
What is the revenue of Np Abbey Llc C/O Aew Capital Management Lp?
Np Abbey Llc C/O Aew Capital Management Lp's revenue in 2022 was $5,436,233.
Who are the executives of Np Abbey Llc C/O Aew Capital Management Lp and what are their salaries?
There 10 volunteers at Np Abbey 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 Abbey Llc C/O Aew Capital Management Lp?
Np Abbey 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 Abbey Llc C/O Aew Capital Management Lp
Np Abbey LLC, a title holding company, was established with a specific purpose in mind. Its mission is to procure and maintain ownership of real property. By doing so, the company generates income from these properties. This income is then distributed to its shareholders, who enjoy exemption from taxation under IRC Sec. 401(A), after covering any pertinent expenses. In essence, Np Abbey LLC serves as a medium for acquiring, managing, and distributing income from real estate investments to its exempt shareholders.
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Impact
October, 2024
NP Abbey LLC, operating as a title holding company for real property in Boston, MA, plays a significant role in the local real estate landscape. With a focus on acquiring and managing real property, NP Abbey LLC collects income generated from these assets and redistributes the revenues to its shareholders.
The impact of NP Abbey LLC can be seen in several areas:
1. **Real Estate Market Stability**: By holding and managing property, the company contributes to the stability of the real estate market in Boston. Its activities help maintain property values and encourage investment in local real estate.
2. **Economic Activity**: The income generated from its properties not only supports the company's financial health but also contributes to economic activity in the region. This includes job creation, maintenance services, and improvements that may arise from property management efforts.
3. **Tax Exemption Benefits**: The distribution of income to shareholders who are exempt from tax under IRC Section 401(a) allows the company to operate with specific financial advantages. This can foster reinvestment and growth within the local economy, as the beneficiaries may be able to allocate these funds towards other community initiatives or investments.
4. **Real Property Management**: NP Abbey LLC's role as a title holder ensures that properties are maintained and managed effectively. This can enhance the quality of neighborhood environments, making them more appealing for residents and businesses alike.
Overall, NP Abbey LLC serves a vital function as a steward of real property in Boston, impacting the economic, social, and physical landscape of the area through its operations.
This information is meant to be a general summary of Np Abbey 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: $2,538
- Program Service Revenue: $5,433,695
- Gross Receipts: $5,436,233
Assets and Liabilities:
- Total Assets: $101,424,820
- Total Liabilities: $712,879
- Net Assets: $100,711,941
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$5,433,695
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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