Civic Intelligence

Np Parkwood Point LLC C/O Aew Capital Management LP

990 • Fiscal year 2020 • EIN 47-2433241

Jan 01, 2020 to Dec 31, 2020 • Filed on May 03, 2021

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

38th percentile

0.06x

Higher debt load relative to assets than 38% of similar nonprofits.

2020 filings • $25M-$50M nonprofits • Source year 2020

Liabilities / Revenue

66th percentile

0.54x

Higher debt load relative to revenue than 66% of similar nonprofits.

2020 filings • $25M-$50M nonprofits • Source year 2020

Net Margin

91st percentile

60%

Higher net margin than 91% of similar nonprofits.

2020 filings • $25M-$50M nonprofits • Source year 2020

Top Officer Pay

19th percentile

$0

Higher top officer pay than 19% of similar nonprofits.

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

2020 filings • $25M-$50M nonprofits • Source year 2020

Asset Growth

31st percentile

0.6%

Faster asset growth than 31% of similar nonprofits.

2020 filings • $25M-$50M nonprofits • Annualized from 2019 to 2020

Revenue Growth

36th percentile

-5.0%

Faster revenue growth than 36% of similar nonprofits.

2020 filings • $25M-$50M nonprofits • Annualized from 2019 to 2020

Assets

Up

$44,475,417

Up $259,036 (+0.6%) from 2019

Net Assets

Down

$42,003,993

Down $1,588,741 (-3.6%) from 2019

Liabilities

Up

$2,471,424

Up $1,847,777 (+296%) from 2019

Revenue

Down

$4,547,750

Down $240,844 (-5.0%) from 2019

Expenses

Down

$1,826,595

Down $192,364 (-9.5%) from 2019

Net Income

Down

$2,721,155

Down $48,480 (-1.8%) from 2019

Historical Trend

Balance Sheet Trend

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

$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

2020

Assets$44,475,417
Liabilities$2,471,424
Net Assets$42,003,993

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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

2020

Revenue$4,547,750
Expenses$1,826,595
Net Income$2,721,155
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
May 3, 2021
Return Version
2020v4.1
Gross Receipts
$4,547,750
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 llc for real property

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$41,724,773$42,785,706▲ $1,060,933
Pd in Cap Srpls Land Bldg Eqp Fund$39,834,976$40,044,013▲ $209,037
Rtn Earn Endowment Incm Other Fnds$3,757,758$1,959,980▼ $1,797,778
Savings and Temporary Cash Investments$448,018$1,617,673▲ $1,169,655
Prepaid Expenses and Deferred Charges$39,646$50,158▲ $10,512
Accounts Receivable$28,715$21,880▼ $6,835
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$44,216,381$44,475,417▲ $259,036
Other Assets Total$1,975,229$0▼ $1,975,229
Liabilities
Other Liabilities$142,013$2,277,584▲ $2,135,571
Accounts Payable and Accrued Expenses$481,634$193,840▼ $287,794
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$623,647$2,471,424▲ $1,847,777
Net Assets / Fund Balance
Total Net Assets Fund Balance$43,592,734$42,003,993▼ $1,588,741
Total Liabilities and Net Assets / Fund Balance$44,216,381$44,475,417▲ $259,036

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$41,146,695--
Other Land Buildings$506,850--
Leasehold Improvements$1,132,161--
Compensation and Service Providers

Board Members and Trustees

NameTitle
See AttachmentOfficer

Highest Paid Contractors

ContractorServicesLocationCompensation
Aew Capital Management LPManagementTWO SEAPORT LANE, Boston, MA 02210-2021$197,598
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$4,471,428
Investment Income
$0
Other Revenue
$76,322
Change in Net Assets
$2,721,155
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,653,136
Salaries, Compensation, and Employee Benefits$173,459
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$293,115--$293,115
All Other Expenses$216,066--$216,066
Other Salaries and Wages$173,459--$173,459
Other Expenses$111,844--$111,844
Insurance$47,858--$47,858
Fees for Services Accounting$14,686--$14,686
Advertising$6,512--$6,512
Office Expenses$6,458--$6,458
Fees for Services Legal$2,806--$2,806
Total Functional Expenses$1,826,595$0$0$1,826,595
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Unrealized App/dep on Property$2,085,706
Tenant Security Deposits$74,650
Prepaid Rent$72,992
Other Liabilities$44,236
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, pricewaterhousecoopers llp.

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

Filing and Contact Details

Filer

Filer Name
Np Parkwood Point LLC
EIN
47-2433241
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
2021-05-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Susan Bouchard
Formed
2014
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
Steven Kennedy
Phone
6175305000
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Description amount contributions 209,037 distributions (458,000) _____________ total (248,963)

FORM 990, PART XII, LINE 2C:

The process has not changed from the prior year.

Form 990 Part IX Line 24 - Other Expenses

Description:security total expenses:104502 program services:104502

Form 990 Part IX Line 24 - Other Expenses

Description:other operating expenses total expenses:95737 program services:95737

Form 990 Part IX Line 24 - Other Expenses

Description:parking garage expense total expenses:15240 program services:15240

Form 990 Part IX Line 24 - Other Expenses

Description:other non operating expenses total expenses:587 program services:587

Raw XML AppendixShowing 400 of 418 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/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2OTHER LIABILITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3UNREALIZED APP/DEP ON PROPERTY
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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. 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION HAS NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION'S FINANCIAL STATEMENTS ARE PREPARED BY ITS FINANCIAL REPORTING AND TAX DEPARTMENT. FORM 990 IS PREPARED BY A PAID PREPARER, PRICEWATERHOUSECOOPERS LLP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4INFORMATION ABOUT THE ORGANIZATION'S INVESTMENT PROGRAMS AND THE FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC ON THEIR WEBSITE: WWW.NVPERS.ORG
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5DESCRIPTION AMOUNT CONTRIBUTIONS 209,037 DISTRIBUTIONS (458,000) _____________ TOTAL (248,963)
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7DESCRIPTION:SECURITY TOTAL EXPENSES:104502 PROGRAM SERVICES:104502
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8DESCRIPTION:OTHER OPERATING EXPENSES TOTAL EXPENSES:95737 PROGRAM SERVICES:95737
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9DESCRIPTION:PARKING GARAGE EXPENSE TOTAL EXPENSES:15240 PROGRAM SERVICES:15240
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10DESCRIPTION:OTHER NON OPERATING EXPENSES TOTAL EXPENSES:587 PROGRAM SERVICES:587
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 6:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 8B:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XII, LINE 2C:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990 PART IX LINE 24 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990 PART IX LINE 24 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9FORM 990 PART IX LINE 24 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10FORM 990 PART IX LINE 24 - OTHER EXPENSES
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0SEE ATTACHMENT
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IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt1458000
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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/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0TWO SEAPORT LANE
IRS990/USAddress/CityNm0BOSTON
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd0022102021
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0SUSAN BOUCHARD
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0VICE PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06172619000
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-05-03
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0NP PARKWOOD POINT LLC
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