Civic Intelligence

Np Six Forks LLC

990 • Fiscal year 2016 • EIN 47-4101610

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

Two Seaport LaneBoston, MA 02210

(617) 261-9000

Siviq Scores

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

Liabilities / Assets

35th percentile

0.01x

Higher debt load relative to assets than 35% of similar nonprofits.

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

Liabilities / Revenue

35th percentile

0.16x

Higher debt load relative to revenue than 35% of similar nonprofits.

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

Net Margin

45th percentile

52%

Higher net margin than 45% 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

42nd percentile

1.9%

Faster asset growth than 42% of similar nonprofits.

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

Revenue Growth

87th percentile

92%

Faster revenue growth than 87% of similar nonprofits.

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

Assets

Up

$47,372,101

Up $887,994 (+1.9%) from 2015

Net Assets

Up

$46,766,252

Up $834,846 (+1.8%) from 2015

Liabilities

Up

$605,849

Up $53,148 (+9.6%) from 2015

Revenue

Up

$3,803,297

Up $1,820,776 (+92%) from 2015

Expenses

Up

$1,809,403

Up $787,491 (+77%) from 2015

Net Income

Up

$1,993,894

Up $1,033,285 (+108%) 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 2015: $46,484,107Liabilities 2015: $552,701Net Assets 2015: $45,931,4062015Assets 2016: $47,372,101Liabilities 2016: $605,849Net Assets 2016: $46,766,2522016Assets 2017: $47,912,258Liabilities 2017: $221,485Net Assets 2017: $47,690,7732017Assets 2018: $48,513,837Liabilities 2018: $202,444Net Assets 2018: $48,311,3932018Assets 2019: $48,968,440Liabilities 2019: $884,871Net Assets 2019: $48,083,5692019Assets 2020: $51,160,979Liabilities 2020: $672,381Net Assets 2020: $50,488,5982020Assets 2021: $67,916,487Liabilities 2021: $669,722Net Assets 2021: $67,246,7652021Assets 2022: $48,260,267Liabilities 2022: $701,447Net Assets 2022: $47,558,8202022Assets 2023: $48,946,241Liabilities 2023: $737,474Net Assets 2023: $48,208,7672023Assets 2024: $49,893,679Liabilities 2024: $828,625Net Assets 2024: $49,065,0542024

Highlighted filing

2016

Assets$47,372,101
Liabilities$605,849
Net Assets$46,766,252

Operations Trend

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

$6.0M$4.0M$2.0M$0Revenue 2015: $1,982,521Expenses 2015: $1,021,912Net Income 2015: $960,6092015Revenue 2016: $3,803,297Expenses 2016: $1,809,403Net Income 2016: $1,993,8942016Revenue 2017: $3,877,699Expenses 2017: $1,802,796Net Income 2017: $2,074,9032017Revenue 2018: $3,929,892Expenses 2018: $1,839,251Net Income 2018: $2,090,6412018Revenue 2019: $3,986,547Expenses 2019: $1,858,044Net Income 2019: $2,128,5032019Revenue 2020: $4,145,348Expenses 2020: $1,856,767Net Income 2020: $2,288,5812020Revenue 2021: $4,370,083Expenses 2021: $1,979,509Net Income 2021: $2,390,5742021Revenue 2022: $4,946,530Expenses 2022: $2,175,244Net Income 2022: $2,771,2862022Revenue 2023: $5,371,681Expenses 2023: $2,311,814Net Income 2023: $3,059,8672023Revenue 2024: $5,224,364Expenses 2024: $2,501,038Net Income 2024: $2,723,3262024

Highlighted filing

2016

Revenue$3,803,297
Expenses$1,809,403
Net Income$1,993,894
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
May 4, 2017
Return Version
2016v3.0
Gross Receipts
$3,803,297
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$45,968,182$46,060,517▲ $92,335
Pd in Cap Srpls Land Bldg Eqp Fund$45,815,379$46,035,267▲ $219,888
Rtn Earn Endowment Incm Other Fnds$116,027$730,985▲ $614,958
Cash and Non-Interest-Bearing Accounts$426,758$516,061▲ $89,303
Prepaid Expenses and Deferred Charges$31,181$31,588▲ $407
Accounts Receivable$26,168$24,452▼ $1,716
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
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$46,484,107$47,372,101▲ $887,994
Other Assets Total$31,818$739,483▲ $707,665
Liabilities
Accounts Payable and Accrued Expenses$486,745$543,841▲ $57,096
Other Liabilities$65,956$62,008▼ $3,948
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$552,701$605,849▲ $53,148
Net Assets / Fund Balance
Total Net Assets Fund Balance$45,931,406$46,766,252▲ $834,846
Total Liabilities and Net Assets / Fund Balance$46,484,107$47,372,101▲ $887,994

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$46,060,517--
Compensation and Service Providers

Board Members and Trustees

NameTitle
See Attached StatementOfficer

Highest Paid Contractors

ContractorServicesLocationCompensation
Wake County Revenue DepartmentN/a301 S MCDOWELL ST, Raleigh, NC 27601$281,545
Aew Capital Management LPManagementTWO SEAPORT LANE, Boston, MA 02210$208,434
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$3,803,297
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$1,993,894
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,440,610
Salaries, Compensation, and Employee Benefits$368,793
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$368,793--$368,793
All Other Expenses$268,766--$268,766
Fees for Services Management$208,434--$208,434
Other Expenses$105,657--$105,657
Advertising$71,002--$71,002
Office Expenses$62,696--$62,696
Insurance$47,708--$47,708
Fees for Services Legal$16,781--$16,781
Fees for Services Accounting$12,211--$12,211
Total Functional Expenses$1,809,403$0$0$1,809,403
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$56,314
Prepaid Rent$5,203
Other Liabilities$491
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 Six Forks LLC
EIN
47-4101610
In Care Of
% AEW CAPITAL MANAGEMENT LP
Phone
6172619000
Address
TWO SEAPORT LANE, BOSTON, MA 02210

Signing Officer

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

Organization Details

Formed
2015
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

Description amount unrealized appreciation - property 707,664 contributions 219,888 distributions (2,086,600) _____________ total (1,159,048)

Form 990 Part IX Line 24 - Other Expenses

Description:other expenses total expenses:54689 program services:54689

Form 990 Part IX Line 24 - Other Expenses

Description:cleaning total expenses:71065 program services:71065

Form 990 Part IX Line 24 - Other Expenses

Description:repairs and maintenance total expenses:87858 program services:87858

Form 990 Part IX Line 24 - Other Expenses

Description:bad debt expense total expenses:21019 program services:21019

Form 990 Part IX Line 24 - Other Expenses

Description:security total expenses:3145 program services:3145

Form 990 Part IX Line 24 - Other Expenses

Description:personal property tax total expenses:4545 program services:4545

Form 990 Part IX Line 24 - Other Expenses

Description:licenses/permits total expenses:2053 program services:2053

Form 990 Part IX Line 24 - Other Expenses

Description:bank fees total expenses:2799 program services:2799

Form 990 Part IX Line 24 - Other Expenses

Description:other fees total expenses:20942 program services:20942

Form 990 Part IX Line 24 - Other Expenses

Description:filing fees total expenses:651 program services:651

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IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0730985
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IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt046060517
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt056314
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt15203
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2491
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PREPAID RENT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2OTHER LIABILITIES
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IRS990ScheduleD/TotalLiabilityAmt062008
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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/ExplanationTxt1DESCRIPTION AMOUNT UNREALIZED APPRECIATION - PROPERTY 707,664 CONTRIBUTIONS 219,888 DISTRIBUTIONS (2,086,600) _____________ TOTAL (1,159,048)
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION:OTHER EXPENSES TOTAL EXPENSES:54689 PROGRAM SERVICES:54689
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DESCRIPTION:CLEANING TOTAL EXPENSES:71065 PROGRAM SERVICES:71065
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DESCRIPTION:REPAIRS AND MAINTENANCE TOTAL EXPENSES:87858 PROGRAM SERVICES:87858
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5DESCRIPTION:BAD DEBT EXPENSE TOTAL EXPENSES:21019 PROGRAM SERVICES:21019
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6DESCRIPTION:SECURITY TOTAL EXPENSES:3145 PROGRAM SERVICES:3145
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7DESCRIPTION:PERSONAL PROPERTY TAX TOTAL EXPENSES:4545 PROGRAM SERVICES:4545
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8DESCRIPTION:LICENSES/PERMITS TOTAL EXPENSES:2053 PROGRAM SERVICES:2053
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9DESCRIPTION:BANK FEES TOTAL EXPENSES:2799 PROGRAM SERVICES:2799
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10DESCRIPTION:OTHER FEES TOTAL EXPENSES:20942 PROGRAM SERVICES:20942
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11DESCRIPTION:FILING FEES TOTAL EXPENSES:651 PROGRAM SERVICES:651
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0PART VI
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990 PART IX LINE 24 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990 PART IX LINE 24 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990 PART IX LINE 24 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990 PART IX LINE 24 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990 PART IX LINE 24 - OTHER EXPENSES
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11FORM 990 PART IX LINE 24 - OTHER EXPENSES
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IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt02086600
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt1219888
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0CASH
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IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0PUBLIC EMPLOYEES RETIREMENT SYSTEM OF NEVADA
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1PUBLIC EMPLOYEES RETIREMENT SYSTEM OF NEVADA
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IRS990/TotalAssetsBOYAmt046484107
IRS990/TotalAssetsEOYAmt047372101
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IRS990/TotalLiabilitiesBOYAmt0552701
IRS990/TotalLiabilitiesEOYAmt0605849
IRS990/TotalLiabilitiesGrp/BOYAmt0552701
IRS990/TotalLiabilitiesGrp/EOYAmt0605849
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt046766252
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IRS990/TotalProgramServiceExpensesAmt01809403
IRS990/TotalProgramServiceRevenueAmt03803297
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt03803297
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03803297
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt046484107
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt047372101
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IRS990/TravelGrp/TotalAmt00
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IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0TWO SEAPORT LANE
IRS990/USAddress/CityNm0BOSTON
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IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0SUSAN BOUCHARD
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ReturnHeader/BusinessOfficerGrp/PhoneNum06172619000
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-05-04
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0NP Six Forks LLC
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0C/O AEW CAPITAL MANAGEMENT LP
ReturnHeader/Filer/BusinessNameControlTxt0NPSI
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ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionId004363820171255000016
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
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
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ReturnHeader/PreparerPersonGrp/PhoneNum06175305000
ReturnHeader/PreparerPersonGrp/PreparationDt02017-05-02

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