Overview
What is 1100 Meredith Lane Inc C/O L&B Realty Advisors Llp?
1100 Meredith Lane Inc, represented by L&B Realty Advisors LLP, is a nonprofit organization located in Dallas, Texas. Its primary objective is to acquire real estate properties and generate net income. This income is then remitted to its tax-exempt shareholder, the Alaska Permanent Fund, as stated in the provided information. The organization's key activity involves managing rental properties for the benefit of its shareholder. The total distribution to the shareholder in 2022 was approximately $44,987,991.
Is 1100 Meredith Lane Inc C/O L&B Realty Advisors Llp legitimate?
1100 Meredith Lane Inc C/O L&B Realty Advisors Llp is a legitimate nonprofit organization registered as a 501(c)(25) entity. 1100 Meredith Lane Inc C/O L&B Realty Advisors Llp 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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What is the mission statement of 1100 Meredith Lane Inc C/O L&B Realty Advisors Llp?
1100 Meredith Lane Inc C/O L&B Realty Advisors Llp's primary objective is to acquire real property. Their mission is to generate income from these properties and subsequently remit this net income to their tax-exempt shareholder. In 2022, they distributed a significant sum of $44,987,991 to their shareholder, the Alaska Permanent Fund. This organization operates as a rental property enterprise, primarily focused on serving the financial needs of its tax-exempt shareholder.
Who is the CEO of 1100 Meredith Lane Inc C/O L&B Realty Advisors Llp?
Stacie S Crown is the President/Chairman/Director of 1100 Meredith Lane Inc C/O L&B Realty Advisors Llp.
What is the revenue of 1100 Meredith Lane Inc C/O L&B Realty Advisors Llp?
1100 Meredith Lane Inc C/O L&B Realty Advisors Llp's revenue in 2022 was $2,184,877.
Who are the executives of 1100 Meredith Lane Inc C/O L&B Realty Advisors Llp and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for 1100 Meredith Lane Inc C/O L&B Realty Advisors Llp?
1100 Meredith Lane Inc C/O L&B Realty Advisors Llp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of 1100 Meredith Lane Inc C/O L&B Realty Advisors Llp
1100 Meredith Lane Inc C/O L&B Realty Advisors Llp, as a nonprofit organization, is dedicated to acquiring real property. Its primary objective is to generate income from these properties and then remit the net earnings to its tax-exempt shareholder, the Alaska Permanent Fund. In 2022, the organization distributed a significant sum of $44,987,991 to its shareholder, reflecting its successful real estate operations. The organization's activities primarily revolve around the management and rental of properties, with the ultimate aim of generating income for its tax-exempt shareholder.
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Impact
October, 2024
1100 Meredith Lane Inc, through its operations in acquiring real property and managing rental real estate, significantly contributes to community improvement in Dallas, Texas. By generating net income from its real estate assets, the organization provides substantial financial distributions to its exempt shareholder, the Alaska Permanent Fund. In 2022 alone, this amounted to $44,987,991.
This capital can be reinvested into various initiatives that benefit the community, potentially supporting infrastructure, public services, and local economic development. The presence of such an organization underscores the vital role that real estate plays in fostering economic stability and growth within the region. Additionally, the organization's focus on rent-generating properties adds to the local housing availability, which can help meet the needs of residents.
Overall, the financial impact of 1100 Meredith Lane Inc extends beyond its immediate operations, contributing to broader economic benefits and community enhancements in Dallas.
This information is meant to be a general summary of 1100 Meredith Lane Inc C/O L&B Realty Advisors Llp. 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: $2,918
- Gross Receipts: $6,238,528
Assets and Liabilities:
- Total Assets: $75,795,989
- Total Liabilities: $46,255,441
- Net Assets: $29,540,548
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Organization Details
Founding Year
1994
Phone
(214) 989-0800Principal Officer
Stacie S Crown
Main Address
5910 N CENTRAL EXPRESSWAY 1200, DALLAS, TX, 75206
NTEE Category
Code: S47 - Community improvement
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