Civic Intelligence

Np Parkwood Point LLC

EIN 47-2433241 • 501(c)25 • Boston, MA

Profile

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).

Two Seaport Lane 15th FloorBoston, MA 02210-2021

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 2023

Liabilities / Revenue

90th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)25 • <$500k nonprofits • Source year 2023

Net Margin

54th percentile

65%

Higher net margin than 54% of similar nonprofits.

501(c)25 • <$500k nonprofits • Source year 2023

Top Officer Pay

95th percentile

$0

Higher top officer pay than 95% of similar nonprofits.

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

501(c)25 • <$500k nonprofits • Source year 2023

Asset Growth

85th percentile

-100%

Faster asset growth than 85% of similar nonprofits.

501(c)25 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2022 to 2023

Assets

Down

$0

Down $409,780 (-100%) from 2022

Liabilities

Down

$0

Down $340 (-100%) from 2022

Net Assets

Down

$0

Down $409,440 (-100%) from 2022

Revenue

Up

$59,686

Up $13,196,731 (+100%) from 2022

Expenses

Down

$20,825

Down $778,303 (-97%) from 2022

Net Income

Up

$38,861

Up $13,975,034 (+100%) from 2022

Trend Graphs

Balance Sheet Trend

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

$60M$40M$20M$0Assets 2014: $39,547,746Liabilities 2014: $613,031Net Assets 2014: $38,934,7152014Assets 2015: $41,263,028Liabilities 2015: $477,408Net Assets 2015: $40,785,6202015Assets 2016: $43,197,867Liabilities 2016: $315,695Net Assets 2016: $42,882,1722016Assets 2017: $42,998,951Liabilities 2017: $340,956Net Assets 2017: $42,657,9952017Assets 2018: $43,290,254Liabilities 2018: $485,557Net Assets 2018: $42,804,6972018Assets 2019: $44,216,381Liabilities 2019: $623,647Net Assets 2019: $43,592,7342019Assets 2020: $44,475,417Liabilities 2020: $2,471,424Net Assets 2020: $42,003,9932020Assets 2021: $36,643,291Liabilities 2021: $210,908Net Assets 2021: $36,432,3832021Assets 2022: $409,780Liabilities 2022: $340Net Assets 2022: $409,4402022Assets 2023: $0Liabilities 2023: $0Net Assets 2023: $02023

Highlighted filing

2023

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

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

$10M$5.0M$0-$5.0M-$10M-$15MRevenue 2014: $216,685Expenses 2014: $44,703Net Income 2014: $171,9822014Revenue 2015: $4,811,396Expenses 2015: $2,276,845Net Income 2015: $2,534,5512015Revenue 2016: $5,001,342Expenses 2016: $2,128,232Net Income 2016: $2,873,1102016Revenue 2017: $4,994,852Expenses 2017: $2,115,819Net Income 2017: $2,879,0332017Revenue 2018: $5,196,917Expenses 2018: $2,039,798Net Income 2018: $3,157,1192018Revenue 2019: $4,788,594Expenses 2019: $2,018,959Net Income 2019: $2,769,6352019Revenue 2020: $4,547,750Expenses 2020: $1,826,595Net Income 2020: $2,721,1552020Revenue 2021: $3,378,249Expenses 2021: $1,817,210Net Income 2021: $1,561,0392021Revenue 2022: -$13,137,045Expenses 2022: $799,128Net Income 2022: -$13,936,1732022Revenue 2023: $59,686Expenses 2023: $20,825Net Income 2023: $38,8612023

Highlighted filing

2023

Revenue$59,686
Expenses$20,825
Net Income$38,861

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Apr 28, 2024
Return Version
2023v5.0
Gross Receipts
$59,686
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
Rtn Earn Endowment Incm Other Fnds$4,729,659$0▼ $4,729,659
Savings and Temporary Cash Investments$409,780$0▼ $409,780
Cash and Non-Interest-Bearing Accounts$0$0→ $0
Accounts Receivable$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
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Cap Stk Tr Prin Current Funds$-4,320,219$0▲ $4,320,219
Total Assets$409,780$0▼ $409,780
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$340$0▼ $340
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$340$0▼ $340
Net Assets / Fund Balance
Total Net Assets Fund Balance$409,440$0▼ $409,440
Total Liabilities and Net Assets / Fund Balance$409,780$0▼ $409,780
Compensation and Service Providers

Board Members and Trustees

NameTitle
See Schedule OAuthorized Signatories
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$57,238
Investment Income
$2,448
Other Revenue
$0
Change in Net Assets
$38,861
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$20,825
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---$9,975
Fees for Services Other---$5,500
Office Expenses---$2,588
Other Expenses---$2,450
Fees for Services Management---$312
Total Functional Expenses$0$0$0$20,825
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 35% controlled entity
No
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
No
Management duties delegated
Yes

Governance Explanations

FORM 990, PART VI, SECTION A, LINE 3:

Day-to-day operations of the investment property are overseen by the property manager. The investment manager, aew capital management, l.p. Manages the investment. The investment manager is compensated for this service by the sole shareholder and this is treated as a capital contribution by the organization.

FORM 990, PART VI, SECTION A, LINE 6:

Sole shareholder of the organization is the public employees retirement system of nevada. The organization is included in the audited financial statements of its sole shareholder.

FORM 990, PART VI, SECTION A, LINE 7A:

The organization's governing body is comprised of officers and directors. The directors were elected under the by-laws of the organization. All officers are appointed by the organization's directors. All officers and directors act to carry out the business of the organization. Subject to the by-laws, the parent may veto or confirm decisions made by the organizing officers. All officers and directors are independent.

FORM 990, PART VI, SECTION A, LINE 8B:

The organization has no committees with authority to act on behalf of the governing body.

FORM 990, PART VI, SECTION B, LINE 11:

The organization's financial statements are prepared by its financial reporting and tax department. Form 990 is prepared by a paid preparer, bdo usa.

FORM 990, PART VI, SECTION B, LINE 15A & 15B:

The organization has no employees.

FORM 990, PART VI, SECTION C, LINE 19:

Information about the organization's investment programs and the financial statements are available to the public on their website: www.nvpers.org

FORM 990, PART VII, SECTION A, LINE 1A:

Authorized signatories: james j. Finnegan until 03/31/2023 jeffrey d. Furber until 03/31/2023 joshua heller until 03/31/2023 carrie a. Bellerby seth e. Berger kevin breen alec d. Burleigh michael p. Byrne sara a. Cassidy jonathan e. Mullahey thomas e. Mullahey lauren o' neil neal k. Sharma

Filing and Contact Details

Filer

Filer Name
Np Parkwood Point LLC
EIN
47-2433241
In Care Of
% MINDY FITZPATRICK
Phone
6172619000
Address
TWO SEAPORT LANE 15TH FLOOR, BOSTON, MA 02210-2021

Signing Officer

Name
Mindy Fitzpatrick
Title
Vice President
Phone
6172619000
Signed
2024-04-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mindy Fitzpatrick
Formed
2014
Legal Domicile
De
Voting Board Members
0
Independent Board Members
0
Employees
0
Volunteers
13

Preparer

Firm
Bdo USA
Address
ONE INTERNATIONAL PLACE, BOSTON, MA 02110
Preparer
Brian Vigneault
Phone
6174220700
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Description amount contributions 769 distributions (449,070) __________ total (444,301)

Form 990 Part IX Line 11G

Description:non-op prof. - other total fees:5500

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DAY-TO-DAY OPERATIONS OF THE INVESTMENT PROPERTY ARE OVERSEEN BY THE PROPERTY MANAGER. THE INVESTMENT MANAGER, AEW CAPITAL MANAGEMENT, L.P. MANAGES THE INVESTMENT. THE INVESTMENT MANAGER IS COMPENSATED FOR THIS SERVICE BY THE SOLE SHAREHOLDER AND THIS IS TREATED AS A CAPITAL CONTRIBUTION BY THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1SOLE SHAREHOLDER OF THE ORGANIZATION IS THE PUBLIC EMPLOYEES RETIREMENT SYSTEM OF NEVADA. THE ORGANIZATION IS INCLUDED IN THE AUDITED FINANCIAL STATEMENTS OF ITS SOLE SHAREHOLDER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION'S GOVERNING BODY IS COMPRISED OF OFFICERS AND DIRECTORS. THE DIRECTORS WERE ELECTED UNDER THE BY-LAWS OF THE ORGANIZATION. ALL OFFICERS ARE APPOINTED BY THE ORGANIZATION'S DIRECTORS. ALL OFFICERS AND DIRECTORS ACT TO CARRY OUT THE BUSINESS OF THE ORGANIZATION. SUBJECT TO THE BY-LAWS, THE PARENT MAY VETO OR CONFIRM DECISIONS MADE BY THE ORGANIZING OFFICERS. ALL OFFICERS AND DIRECTORS ARE INDEPENDENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION HAS NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION'S FINANCIAL STATEMENTS ARE PREPARED BY ITS FINANCIAL REPORTING AND TAX DEPARTMENT. FORM 990 IS PREPARED BY A PAID PREPARER, BDO USA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION HAS NO EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6INFORMATION ABOUT THE ORGANIZATION'S INVESTMENT PROGRAMS AND THE FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC ON THEIR WEBSITE: WWW.NVPERS.ORG
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7AUTHORIZED SIGNATORIES: JAMES J. FINNEGAN UNTIL 03/31/2023 JEFFREY D. FURBER UNTIL 03/31/2023 JOSHUA HELLER UNTIL 03/31/2023 CARRIE A. BELLERBY SETH E. BERGER KEVIN BREEN ALEC D. BURLEIGH MICHAEL P. BYRNE SARA A. CASSIDY JONATHAN E. MULLAHEY THOMAS E. MULLAHEY LAUREN O' NEIL NEAL K. SHARMA
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8DESCRIPTION AMOUNT CONTRIBUTIONS 769 DISTRIBUTIONS (449,070) __________ TOTAL (444,301)
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9DESCRIPTION:NON-OP PROF. - OTHER TOTAL FEES:5500
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7A:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION A, LINE 8B:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 11:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 15A & 15B:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART VII, SECTION A, LINE 1A:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9FORM 990 PART IX LINE 11G
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt19NP 18TH & CHET LLC
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt21NP Eagle Creek Industrial LLC
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