Civic Intelligence

Np 500 Milwaukee LLC C/O Aew Capital Management LP

990 • Fiscal year 2016 • EIN 20-4569897

Jan 01, 2016 to Dec 31, 2016 • Filed on May 04, 2017

Two Seaport LaneBoston, MA 02210-2021

(617) 261-9000

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

13th percentile

0.01x

Higher debt load relative to assets than 13% of similar nonprofits.

2016 filings • 501(c)25 • $25M-$50M nonprofits • Source year 2016

Liabilities / Revenue

23rd percentile

0.09x

Higher debt load relative to revenue than 23% of similar nonprofits.

2016 filings • 501(c)25 • $25M-$50M nonprofits • Source year 2016

Net Margin

55th percentile

71%

Higher net margin than 55% of similar nonprofits.

2016 filings • 501(c)25 • $25M-$50M nonprofits • Source year 2016

Top Officer Pay

94th percentile

$0

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2016 filings • 501(c)25 • $25M-$50M nonprofits • Source year 2016

Asset Growth

80th percentile

7.6%

Faster asset growth than 80% of similar nonprofits.

2016 filings • 501(c)25 • $25M-$50M nonprofits • Annualized from 2015 to 2016

Revenue Growth

73rd percentile

16%

Faster revenue growth than 73% of similar nonprofits.

2016 filings • 501(c)25 • $25M-$50M nonprofits • Annualized from 2015 to 2016

Assets

Up

$27,358,532

Up $1,926,194 (+7.6%) from 2015

Net Assets

Up

$27,194,826

Up $1,954,020 (+7.7%) from 2015

Liabilities

Down

$163,706

Down $27,826 (-15%) from 2015

Revenue

Up

$1,813,431

Up $243,368 (+16%) from 2015

Expenses

Up

$526,666

Up $8,300 (+1.6%) from 2015

Net Income

Up

$1,286,765

Up $235,068 (+22%) from 2015

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$80M$60M$40M$20M$0Assets 2013: $22,248,302Liabilities 2013: $142,620Net Assets 2013: $22,105,6822013Assets 2014: $23,354,838Liabilities 2014: $154,595Net Assets 2014: $23,200,2432014Assets 2015: $25,432,338Liabilities 2015: $191,532Net Assets 2015: $25,240,8062015Assets 2016: $27,358,532Liabilities 2016: $163,706Net Assets 2016: $27,194,8262016Assets 2017: $32,236,712Liabilities 2017: $159,885Net Assets 2017: $32,076,8272017Assets 2018: $34,436,831Liabilities 2018: $205,820Net Assets 2018: $34,231,0112018Assets 2019: $41,137,628Liabilities 2019: $206,814Net Assets 2019: $40,930,8142019Assets 2020: $45,768,416Liabilities 2020: $459,240Net Assets 2020: $45,309,1762020Assets 2021: $60,893,309Liabilities 2021: $326,647Net Assets 2021: $60,566,6622021Assets 2022: $22,213,271Liabilities 2022: $249,707Net Assets 2022: $21,963,5642022Assets 2023: $22,089,365Liabilities 2023: $254,922Net Assets 2023: $21,834,4432023Assets 2024: $23,119,130Liabilities 2024: $240,063Net Assets 2024: $22,879,0672024

Highlighted filing

2016

Assets$27,358,532
Liabilities$163,706
Net Assets$27,194,826

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0Revenue 2013: $1,539,269Expenses 2013: $494,260Net Income 2013: $1,045,0092013Revenue 2014: $1,688,960Expenses 2014: $507,233Net Income 2014: $1,181,7272014Revenue 2015: $1,570,063Expenses 2015: $518,366Net Income 2015: $1,051,6972015Revenue 2016: $1,813,431Expenses 2016: $526,666Net Income 2016: $1,286,7652016Revenue 2017: $1,912,824Expenses 2017: $590,564Net Income 2017: $1,322,2602017Revenue 2018: $2,106,601Expenses 2018: $714,054Net Income 2018: $1,392,5472018Revenue 2019: $2,287,733Expenses 2019: $724,219Net Income 2019: $1,563,5142019Revenue 2020: $2,921,143Expenses 2020: $880,015Net Income 2020: $2,041,1282020Revenue 2021: $2,129,130Expenses 2021: $954,400Net Income 2021: $1,174,7302021Revenue 2022: $3,038,650Expenses 2022: $1,080,053Net Income 2022: $1,958,5972022Revenue 2023: $3,335,692Expenses 2023: $1,093,825Net Income 2023: $2,241,8672023Revenue 2024: $3,640,723Expenses 2024: $1,243,286Net Income 2024: $2,397,4372024

Highlighted filing

2016

Revenue$1,813,431
Expenses$526,666
Net Income$1,286,765
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
May 4, 2017
Return Version
2016v3.0
Gross Receipts
$1,813,431
Mission and Program Overview

Mission

The company was organized for the exclusive purpose of acquiring and holding title to real property, collecting the income therefrom, and turning over the entire amount thereof, less expenses, to its shareholders, which are exempt from tax under irc sec.401(a).

Title holding company for real property.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$19,930,936$20,054,059▲ $123,123
Pd in Cap Srpls Land Bldg Eqp Fund$19,410,649$19,533,527▲ $122,878
Rtn Earn Endowment Incm Other Fnds$5,830,157$7,661,299▲ $1,831,142
Savings and Temporary Cash Investments$26,765$35,663▲ $8,898
Accounts Receivable$0$18,818▲ $18,818
Prepaid Expenses and Deferred Charges$5,574$4,051▼ $1,523
Cash and Non-Interest-Bearing Accounts$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$25,432,338$27,358,532▲ $1,926,194
Other Assets Total$5,469,063$7,245,941▲ $1,776,878
Liabilities
Other Liabilities$109,847$109,847→ $0
Accounts Payable and Accrued Expenses$40,902$52,606▲ $11,704
Deferred Revenue$40,783$1,253▼ $39,530
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$191,532$163,706▼ $27,826
Net Assets / Fund Balance
Total Net Assets Fund Balance$25,240,806$27,194,826▲ $1,954,020
Total Liabilities and Net Assets / Fund Balance$25,432,338$27,358,532▲ $1,926,194

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$14,639,271--
Other Land Buildings$477,864--
Land$4,783,288--
Leasehold Improvements$153,636--
Other Assets Org$7,245,941--
Compensation and Service Providers

Board Members and Trustees

NameTitle
See Attached ScheduleOfficer

Highest Paid Contractors

ContractorServicesLocationCompensation
Aew Capital Management LPManagementTWO SEAPORT LANE, Boston, MA 02210$117,723
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,807,250
Investment Income
$6,181
Other Revenue
$0
Change in Net Assets
$1,286,765
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$525,420
Salaries, Compensation, and Employee Benefits$1,246
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$117,723--$117,723
Other Expenses$28,011--$28,011
Insurance$16,848--$16,848
Fees for Services Other$7,290--$7,290
Fees for Services Accounting$6,855--$6,855
All Other Expenses$4,225--$4,225
Fees for Services Legal$3,675--$3,675
Other Salaries and Wages$1,246--$1,246
Office Expenses$399--$399
Total Functional Expenses$526,666$0$0$526,666
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant Security Deposits$109,847
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
Yes

Governance Explanations

Part VI

3) All management of the organization is vested to the manager. 6) The members are pension trusts described in and exempt from federal income tax under section 401 and 501 of the internal revenue code. 7a) The members may appoint or remove the manager at any time at the members full discretion. 7b) The business of the organization is managed by its manager. All decisions made by the manager are authorized by the members. 8b) There are no committees or delegation of authority within the governing body. Decisions are made by the members of the governing body. 11b) The 990 is reviewed by the portfolio accounting department and by the signer who is also an authorized signatory designated by the manager of the organization. 19) Information about the organization's investment programs and the financial statements are available to the public on their website: www.nvpers.org

Filing and Contact Details

Filer

Filer Name
Np 500 Milwaukee LLC
EIN
20-4569897
In Care Of
% AEW CAPITAL MANAGEMENT LP
Phone
6172619000
Address
TWO SEAPORT LANE, BOSTON, MA 02210-2021

Signing Officer

Name
Susan Bouchard
Title
Vice President
Phone
6172619000
Signed
2017-05-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Susan Bouchard
Formed
2006
Legal Domicile
De
Voting Board Members
0
Independent Board Members
0
Employees
0

Preparer

Firm
Pricewaterhousecoopers Llp
Address
101 SEAPORT BLVD SUITE 500, BOSTON, MA 02210
Preparer
John Sheehan
Phone
6175305000
Supplemental Narrative

Additional Explanations

Part XI

5) description AMOUNT UNREALIZED APPRECIATION 1,776,877 DISTRIBUTIONS (1,232,500) CONTRIBUTIONS 122,878 _____________ Total 667,255

Raw XML Appendix386 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt04783288
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0153636
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt0153636
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt07245941
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0REAL PROPERTY
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0477864
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt0477864
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0109847
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt020054059
IRS990ScheduleD/TotalBookValueOtherAssetsAmt07245941
IRS990ScheduleD/TotalLiabilityAmt0109847
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt03) All management of the organization is vested to the manager. 6) The members are pension trusts described in and exempt from federal income tax under section 401 and 501 of the internal revenue code. 7a) The members may appoint or remove the manager at any time at the members full discretion. 7b) The business of the organization is managed by its manager. All decisions made by the manager are authorized by the members. 8b) There are no committees or delegation of authority within the governing body. Decisions are made by the members of the governing body. 11b) The 990 is reviewed by the portfolio accounting department and by the signer who is also an authorized signatory designated by the manager of the organization. 19) Information about the organization's investment programs and the financial statements are available to the public on their website: www.nvpers.org
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt15) description AMOUNT UNREALIZED APPRECIATION 1,776,877 DISTRIBUTIONS (1,232,500) CONTRIBUTIONS 122,878 _____________ Total 667,255
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0PART VI
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI
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IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt01232500
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt1122878
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0cash
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1cash
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0Public Employees Retirement System of Nevada
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1Public Employees Retirement System of Nevada
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IRS990/TotalFunctionalExpensesGrp/TotalAmt0526666
IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesEOYAmt0163706
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IRS990/TotalProgramServiceRevenueAmt01807250
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IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0TWO SEAPORT LANE
IRS990/USAddress/CityNm0BOSTON
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd0022102021
IRS990/VotingMembersGoverningBodyCnt00
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0SUSAN BOUCHARD
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0VICE PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06172619000
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-05-04
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0NP 500 MILWAUKEE LLC
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0C/O AEW CAPITAL MANAGEMENT LP
ReturnHeader/Filer/BusinessNameControlTxt0NP50
ReturnHeader/Filer/EIN0204569897
ReturnHeader/Filer/InCareOfNm0% AEW CAPITAL MANAGEMENT LP
ReturnHeader/Filer/PhoneNum06172619000
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ReturnHeader/Filer/USAddress/CityNm0BOSTON
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ReturnHeader/Filer/USAddress/ZIPCd0022102021
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0B6D9AD433FD6BCAC28261AA67F94C235195E6B3C
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId058215DD13B1EDF7E33B871F2F151A3CAF5E0F026
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionId004363820171255000011
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02017-05-05
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0155.201.188.33
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PRICEWATERHOUSECOOPERS LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0101 SEAPORT BLVD SUITE 500
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BOSTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd002210
ReturnHeader/PreparerPersonGrp/PhoneNum06175305000
ReturnHeader/PreparerPersonGrp/PreparationDt02017-05-02
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOHN SHEEHAN
ReturnHeader/ReturnTs02017-05-05T12:48:45-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

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