Overview
What is Tr Preserve Corp C/O Heitman Capital Management Llc?
Tr Preserve Corp C/O Heitman Capital Management Llc is a real estate organization located in Chicago, Illinois, operating under the 501(c)(25) status. Its primary mission is to hold title to property, collect income derived from these properties, and subsequently transfer the net income to its sole shareholder, the Teachers Retirement System of Illinois. This pension fund, exempt from taxation, meets the requirements of Section 401(A) of the Internal Revenue Code. The corporation's purpose is to serve as a vehicle for managing and monetizing real estate assets, with the ultimate benefit going to the Teachers Retirement System of Illinois.
Is Tr Preserve Corp C/O Heitman Capital Management Llc legitimate?
Tr Preserve Corp C/O Heitman Capital Management Llc is a legitimate nonprofit organization registered as a 501(c)(25) entity. Tr Preserve Corp C/O Heitman Capital Management Llc 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: $0
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What is the mission statement of Tr Preserve Corp C/O Heitman Capital Management Llc?
The mission of Tr Preserve Corp C/O Heitman Capital Management Llc, as a 501(C)(25) organization, is primarily focused on holding title to real property and collecting income generated from it. The corporation's primary objective is to then remit the entire income, after deducting expenses, to its sole shareholder, the Teachers Retirement System of Illinois. This tax-exempt pension fund, which meets the requirements of Section 401(A) of the Internal Revenue Code, is exempt from taxation under Section 501(A) of the code. Essentially, the purpose of Tr Preserve Corp C/O Heitman Capital Management Llc is to facilitate income generation and distribution for the Teachers Retirement System of Illinois.
Who is the CEO of Tr Preserve Corp C/O Heitman Capital Management Llc?
Jennifer L Boss is the President, Secretary, & Tr of Tr Preserve Corp C/O Heitman Capital Management Llc.
What is the revenue of Tr Preserve Corp C/O Heitman Capital Management Llc?
Tr Preserve Corp C/O Heitman Capital Management Llc's revenue in 2022 was $4,999,188.
Who are the executives of Tr Preserve Corp C/O Heitman Capital Management Llc 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 Preserve Corp C/O Heitman Capital Management Llc?
Tr Preserve Corp C/O Heitman Capital Management Llc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Tr Preserve Corp C/O Heitman Capital Management Llc
Tr Preserve Corp C/O Heitman Capital Management Llc is a 501(C)(25) organization, established for a specific purpose. Its primary mission is to hold title to real property, collect income generated from this property, and then forward the entire income (after deducting expenses) to its sole shareholder. This shareholder is the Teachers Retirement System of Illinois, a tax-exempt pension fund that falls under the requirements of Section 401(A) of the Internal Revenue Code. The trusts under this section are exempt from taxation under Section 501(A) of the code. In simpler terms, Tr Preserve Corp C/O Heitman Capital Management Llc serves as a property management entity, generating income and transferring it to its beneficiary, the Teachers Retirement System of Illinois.
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Impact
October, 2024
Tr Preserve Corp C/O Heitman Capital Management LLC primarily focuses on real estate management in Chicago, Illinois. The organization holds title to various properties, collects income generated from those properties, and remits the net income to its sole shareholder, the Teachers Retirement System of Illinois. This structure supports the financial health of the pension fund, ensuring that it can provide benefits to its members.
By managing real estate assets effectively, Tr Preserve Corp contributes to community improvement through property development and maintenance. The income generated helps sustain the pension fund, ultimately benefiting teachers in Illinois by securing their retirement benefits. This aligns the organization's operations with broader economic stability and community well-being, making it a vital player in the local landscape.
This information is meant to be a general summary of Tr Preserve Corp C/O Heitman Capital Management Llc. 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: $11,924,355
Assets and Liabilities:
- Total Assets: $186,461,752
- Total Liabilities: $41,873,695
- Net Assets: $144,588,057
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Organization Details
Founding Year
2012
Phone
(312) 541-6764Principal Officer
Jennifer L Boss
Main Address
191 N WACKER DRIVE 2500, CHICAGO, IL, 60606
NTEE Category
Code: S47 - Community improvement
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