Civic Intelligence

Trm Meredith Park Corporation

EIN 23-2642543 • 501(c)25 • Chicago, IL

Profile

Trm meredith park corporation is organized for the exclusive purpose of acquiring real property and holding title to, and collecting income from, such property, and remitting the entire amount of income from such property to the teachers' retirement system of the state of illinois, a tax exempt organization.

875 North Michigan Ave Ste 3430Chicago, IL 60611

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2017

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2017

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on the latest valid filing.

Source year 2017

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

78th percentile

-100%

Faster asset growth than 78% of similar nonprofits.

501(c)25 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

43rd percentile

-100%

Faster revenue growth than 43% of similar nonprofits.

501(c)25 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Down

$0

Down $567,787 (-100%) from 2016

Liabilities

Down

$0

Down $4,118 (-100%) from 2016

Net Assets

Down

$0

Down $563,669 (-100%) from 2016

Revenue

Down

$0

Down $48,123,437 (-100%) from 2016

Expenses

Down

$8,145

Down $837,356 (-99%) from 2016

Net Income

Down

-$8,145

Down $47,286,081 (-100%) from 2016

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$20M$15M$10M$5.0M$0Assets 2010: $17,107,389Liabilities 2010: $277,898Net Assets 2010: $16,829,4912010Assets 2011: $17,269,890Liabilities 2011: $277,691Net Assets 2011: $16,992,1992011Assets 2012: $17,347,462Liabilities 2012: $274,049Net Assets 2012: $17,073,4132012Assets 2013: $17,596,287Liabilities 2013: $312,335Net Assets 2013: $17,283,9522013Assets 2014: $18,217,321Liabilities 2014: $350,650Net Assets 2014: $17,866,6712014Assets 2015: $18,587,948Liabilities 2015: $350,192Net Assets 2015: $18,237,7562015Assets 2016: $567,787Liabilities 2016: $4,118Net Assets 2016: $563,6692016Assets 2017: $0Liabilities 2017: $0Net Assets 2017: $02017

Highlighted filing

2017

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$60M$40M$20M$0-$20MExpenses 2010: $1,081,0322010Expenses 2011: $1,093,9212011Expenses 2012: $1,198,7232012Expenses 2013: $1,087,4692013Revenue 2014: $3,653,364Expenses 2014: $1,228,572Net Income 2014: $2,424,7922014Revenue 2015: $3,654,712Expenses 2015: $1,437,403Net Income 2015: $2,217,3092015Revenue 2016: $48,123,437Expenses 2016: $845,501Net Income 2016: $47,277,9362016Revenue 2017: $0Expenses 2017: $8,145Net Income 2017: -$8,1452017

Highlighted filing

2017

Revenue$0
Expenses$8,145
Net Income-$8,145

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
May 14, 2018
Return Version
2016v3.1
Gross Receipts
$0
Mission and Program Overview

Mission

Trm meredith park corporation is organized for the exclusive purpose of acquiring real property and holding title to, and collecting income from, such property, and remitting the entire amount of income from such property to the teachers' retirement system of the state of illinois, a tax exempt organization.

Title holding corporation for real property.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$563,669$0▼ $563,669
Cash and Non-Interest-Bearing Accounts$423,917$0▼ $423,917
Accounts Receivable$9,771$0▼ $9,771
Prepaid Expenses and Deferred Charges$4,971$0▼ $4,971
Savings and Temporary Cash Investments$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
Land, Buildings, and Equipment, Net$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$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$567,787$0▼ $567,787
Other Assets Total$129,128$0▼ $129,128
Liabilities
Accounts Payable and Accrued Expenses$4,118$0▼ $4,118
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$4,118$0▼ $4,118
Net Assets / Fund Balance
Total Net Assets Fund Balance$563,669$0▼ $563,669
Total Liabilities and Net Assets / Fund Balance$567,787$0▼ $567,787
Compensation and Service Providers

Board Members and Trustees

NameTitle
Quintin E Primo IiiChairman
Louis W HoyesPresident
Brian C FargoVice Chair/treas/sec
Jack BierwirthAssistant Vice President
Tyler RaineAssistant Vice President
Ann E MasticExecutive VICE PRESIDENT
Dori C NolanExecutive VICE PRESIDENT
Gwendolyn ButlerExecutive Vice President
Jason LewisExecutive VICE PRESIDENT
Bennet JohnsonVice President
Darrell WhiteVice President
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-8,145
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$8,145
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Accounting---$7,184
Office Expenses---$1,505
Fees for Service Investment Mgmnt Fees---$-544
Total Functional Expenses$0$0$0$8,145
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
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
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Line 2

FAMILY OR BUSINESS RELATIONSHIPS The individuals who serve as the directors and officers of this entity are also employees of Capri Capital Partners, LLC ("Capri"). Capri was hired by the Teachers' Retirement System of the State of Illinois ("IL TRS", the 100% stockholder of this entity) to serve as an Investment Advisor pursuant to an agreement between IL TRS and Capri dated July 1, 2010.

Form 990, Part VI, Line 3

DELEGATION OF CONTROL OVER MANAGEMENT DUTIES The Teachers' Retirement System of the State of Illinois ("IL TRS", the 100% stockholder of this entity) hired Capri Capital Partners, LLC ("Capri") to serve as the investment advisor for this entity pursuant to an Investment Management Agreement between IL TRS and Capri dated July 1, 2010.

Form 990, Part VI, Line 7A

ELECTION OF MEMBERS OF THE GOVERNING BODY The Teachers' Retirement System of the State of Illinois ("IL TRS") is the 100% stockholder of this entity and IL TRS is responsible for electing the Board of Directors for this entity.

Form 990, Part VI, Line 7B

DECISIONS OF GOVERNING BODY SUBJECT TO APPROVAL The Teachers' Retirement System of the State of Illinois ("IL TRS") is the 100% stockholder of this entity and IL TRS must approve the sale of substantially all of the assets of this title holding entity as well as approve any plans to dissolve this entity.

Form 990, Part VI, Line 11B

FORM 990 PROVIDED TO GOVERNING BODY The Form 990 is prepared by an independent accounting firm and is reviewed by the organization's controller before filing.

Form 990, Part VI, Line 12A

WRITTEN CONFLICT OF INTEREST POLICY While the entity does not have a conflict of interest policy, the Investment Management Agreement between IL TRS and Capri does contain a conflict of interest provision which governs Capri's responsibilities as Manager of the entity.

Form 990, Part VI, Lines 15A & 15B

PROCESS FOR DETERMINATION OF COMPENSATION The procedures for determining the compensation for the positions identified in questions 15 a and b are governed pursuant to the Investment Management Agreement dated July 1, 2010 between the Teachers' Retirement System of the State of Illinois ("IL TRS"), the 100% stockholder of this entity, and Capri Capital Partners, LLC ("Capri"). None of the officers and/or directors of this entity receive compensation from the exempt entity itself. IL TRS pays Capri asset management fees to act as an Investor Advisor to IL TRS pursuant to the Investment Management Agreement. All compensation paid to Capri is made directly by IL TRS and not through this entity.

Form 990, Part VI, Line 19

GOVERNING DOCS, CONFLICT OF INTEREST POLICY & FINANCIAL STMTS TO PUBLIC The governing documents (through attachments to the entity's exemption application) and annual Form 990 returns are available to the public upon request, as required by Internal Revenue Code Section 6104.

Filing and Contact Details

Filer

Filer Name
TRM Meredith Park Corporation
EIN
23-2642543
In Care Of
% CAPRI CAPITAL PARTNERS LLC
Phone
3125735300
Address
875 North Michigan Ave Ste 3430, Chicago, IL 60611

Signing Officer

Name
Ann Mastic
Title
Exec VICE PRESIDENT
Phone
3125735300
Signed
2018-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brian C Fargo
Formed
1991
Legal Domicile
Il
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
0

Preparer

Firm
Ernst & Young US Llp
Address
111 MONUMENT CIR STE 4000, INDIANAPOLIS, IN 46204
Preparer
benjamin pitchkites
Phone
3176817000
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

OTHER CHANGES IN NET ASSETS $6,640 Contributions $(562,164) Distributions $(555,524) Total

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IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt0FMV - CASH
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/PersonNm0TEACHERS' RETIREMENT SYSTEM STATE
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FAMILY OR BUSINESS RELATIONSHIPS The individuals who serve as the directors and officers of this entity are also employees of Capri Capital Partners, LLC ("Capri"). Capri was hired by the Teachers' Retirement System of the State of Illinois ("IL TRS", the 100% stockholder of this entity) to serve as an Investment Advisor pursuant to an agreement between IL TRS and Capri dated July 1, 2010.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DELEGATION OF CONTROL OVER MANAGEMENT DUTIES The Teachers' Retirement System of the State of Illinois ("IL TRS", the 100% stockholder of this entity) hired Capri Capital Partners, LLC ("Capri") to serve as the investment advisor for this entity pursuant to an Investment Management Agreement between IL TRS and Capri dated July 1, 2010.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ELECTION OF MEMBERS OF THE GOVERNING BODY The Teachers' Retirement System of the State of Illinois ("IL TRS") is the 100% stockholder of this entity and IL TRS is responsible for electing the Board of Directors for this entity.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DECISIONS OF GOVERNING BODY SUBJECT TO APPROVAL The Teachers' Retirement System of the State of Illinois ("IL TRS") is the 100% stockholder of this entity and IL TRS must approve the sale of substantially all of the assets of this title holding entity as well as approve any plans to dissolve this entity.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4FORM 990 PROVIDED TO GOVERNING BODY The Form 990 is prepared by an independent accounting firm and is reviewed by the organization's controller before filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5WRITTEN CONFLICT OF INTEREST POLICY While the entity does not have a conflict of interest policy, the Investment Management Agreement between IL TRS and Capri does contain a conflict of interest provision which governs Capri's responsibilities as Manager of the entity.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6PROCESS FOR DETERMINATION OF COMPENSATION The procedures for determining the compensation for the positions identified in questions 15 a and b are governed pursuant to the Investment Management Agreement dated July 1, 2010 between the Teachers' Retirement System of the State of Illinois ("IL TRS"), the 100% stockholder of this entity, and Capri Capital Partners, LLC ("Capri"). None of the officers and/or directors of this entity receive compensation from the exempt entity itself. IL TRS pays Capri asset management fees to act as an Investor Advisor to IL TRS pursuant to the Investment Management Agreement. All compensation paid to Capri is made directly by IL TRS and not through this entity.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7GOVERNING DOCS, CONFLICT OF INTEREST POLICY & FINANCIAL STMTS TO PUBLIC The governing documents (through attachments to the entity's exemption application) and annual Form 990 returns are available to the public upon request, as required by Internal Revenue Code Section 6104.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8OTHER CHANGES IN NET ASSETS $6,640 Contributions $(562,164) Distributions $(555,524) Total
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, LINE 12A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, LINES 15A & 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART XI, LINE 9
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0TR SONSRENA CORPORATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1TR BOULDERS CORPORATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2TR BRYSON SQUARE CORPORATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt3TR LIMERICK CORPORATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt4TR SOUTHPARK SQUARE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt5TR PARK PLACE CORPORATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt6TR LANDMARK APARTMENTS CORP
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0201707173
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1208123629
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0REAL ESTATE
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt6REAL ESTATE

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