Overview
What is Tr Evergreen Park Corp C/O Lpc Realty Advisors I Lp?
Tr Evergreen Park Corp C/O Lpc Realty Advisors I Lp is a real estate organization situated in an unspecified location, led by Jennifer Ratcliffe. Its primary function involves holding title to property, collecting income generated from the property, and subsequently remitting the net income to its sole shareholder, the Teachers Retirement System of Illinois. This corporation operates under the 501(C)(25) status, which is exclusively established for holding title to real property, collecting income, and transferring the entire income (after deducting expenses) to its shareholder. The Teachers Retirement System of Illinois, a tax-exempt pension fund, meets the requirements of Section 401(A) of the Internal Revenue Code, making the trust exempt from taxation under Section 501(A) of the Code.
Is Tr Evergreen Park Corp C/O Lpc Realty Advisors I Lp legitimate?
Tr Evergreen Park Corp C/O Lpc Realty Advisors I Lp is a legitimate nonprofit organization registered as a 501(c)(25) entity. Tr Evergreen Park Corp C/O Lpc Realty Advisors I 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:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Tr Evergreen Park Corp C/O Lpc Realty Advisors I Lp?
Tr Evergreen Park Corp C/O Lpc Realty Advisors I Lp is a 501(C)(25) organization with a specific purpose. Its primary function is to hold title to real property and collect income generated from this property. The corporation then remits the entire net income, after deducting expenses, to its sole shareholder, the Teachers Retirement System of Illinois, a tax-exempt pension fund. This pension fund meets the requirements of Section 401(A) of the Internal Revenue Code, making trusts exempt from taxation under Section 501(A) of the code. The corporation does not have a traditional mission statement as it primarily serves as a financial vehicle for the pension fund.
Who is the CEO of Tr Evergreen Park Corp C/O Lpc Realty Advisors I Lp?
Jenifer Ratcliffe is the President of Tr Evergreen Park Corp C/O Lpc Realty Advisors I Lp.
What is the revenue of Tr Evergreen Park Corp C/O Lpc Realty Advisors I Lp?
Tr Evergreen Park Corp C/O Lpc Realty Advisors I Lp's revenue in 2022 was $1,572,827.
Who are the executives of Tr Evergreen Park Corp C/O Lpc Realty Advisors I Lp and what are their salaries?
Here are 3 key members and their salaries:
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Where can I find the form 990 for Tr Evergreen Park Corp C/O Lpc Realty Advisors I Lp?
Tr Evergreen Park Corp C/O Lpc Realty Advisors I Lp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Tr Evergreen Park Corp C/O Lpc Realty Advisors I Lp
Tr Evergreen Park Corp C/O Lpc Realty Advisors I Lp, as a 501(c)(25) organization, was established with a specific mission. This nonprofit corporation's primary purpose is to hold title to real property, collect income generated from this property, and then remit the entire income, after deducting expenses, to its sole shareholder: the Teachers Retirement System of Illinois. This tax-exempt pension fund, in compliance with Section 401(a) of the Internal Revenue Code, is the beneficiary of the income generated by Tr Evergreen Park Corp C/O Lpc Realty Advisors I Lp. The corporation's role is crucial in facilitating the financial transactions between the property ownership and the pension fund, ultimately contributing to its financial stability.
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Impact
October, 2024
Tr Evergreen Park Corp C/O Lpc Realty Advisors I Lp plays a significant role in enhancing community resources and supporting educational initiatives through its strategic operations in real estate. By holding title to property and managing income-generating assets, the organization directly contributes to the financial stability of the Teachers Retirement System of Illinois.
With total revenues amounting to $1,163,622, the corporation effectively utilizes its resources to benefit retirees, ensuring a steady stream of income that supports educators after their years of service. This financial backing is critical for sustaining the livelihood of teachers, thereby indirectly promoting educational quality and community welfare in Illinois.
Furthermore, the organization's focus on real estate management aids in community improvement, as the properties held can contribute to local development and stability. By aligning its operations with the broader needs of the community, Tr Evergreen Park Corp helps foster a sustainable environment that benefits both retirees and the community at large.
This information is meant to be a general summary of Tr Evergreen Park Corp C/O Lpc Realty Advisors I 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.
- Gross Receipts: $2,430,840
Assets and Liabilities:
- Total Assets: $32,524,717
- Total Liabilities: $12,393,397
- Net Assets: $20,131,320
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Organization Details
Founding Year
2008
Phone
(312) 345-8784Principal Officer
Jenifer Ratcliffe
Main Address
120 NORTH LASALLE STREET 2900, CHICAGO, IL, 60602
NTEE Category
Code: S470 - Community improvement
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