Grove Place Partners Gp Inc

“Amounts included part x, line 21 are restricted cash amounts comprised of security deposits held in trust for the future benefit of tenants upon moving out of the property as required by regulatory authority.”

“The organization has applied for and received a determination letter from the internal revenue service (irs) to be treated as a tax exempt entity pursuant to section 501(c)(3) of the internal revenue code and did not have any unrelated business income for the year ended march 31,2025. Due to its tax exempt status, the organization is not subject to income taxes. The organization is required to file and does file tax returns with the irs and other taxing authorities. Accordingly, these consolidating financial statements do not reflect a provision for income taxes and the organization has no other tax positions which must be considered for disclosure. The subsidiary had elected to be treated as a pass-through entity for income tax purposes and, as such, was not subject to income taxes. Rather, all items of taxable income, deductions and tax credits were passed through to and are reported by its owners on their respective income tax returns. The subsidiary's federal tax status as a pass-through entity was based on its legal status as a partnership. Accordingly, the subsidiary was not required to take any tax positions in order to qualify as a pass-through entity. The subsidiary had been required to file and did file tax returns with the internal revenue service and other taxing authorities in prior years. Accordingly, these consolidating financial statements did not reflect a provision for income taxes and the subsidiary had no other tax positions company are subject to examination by the internal revenue service for a period of three years. While no income tax returns are currently being examined by the internal revenue service, tax years since 2022 remain open. The pass-through entities have been disregarded during the current tax year and were not required to file tax returns with the internal revenue service and other taxing authorities. Disregarded entities listed on schedule r part 1, grove place partners limited, llc and grove place partners, ltd beginning april 1, 2020, safe lancaster court, llc beginning april 1, 2022, and safe sasha gp, llc beginning december 18, 2024, are 100% owned by grove place partners gp, inc. And are therefore tax exempt in this reporting period.”

“Book to tax difference for grove place partners, gp book to tax difference for grove place partners, ltd. -3,013. Book to tax difference for the sasha, lp -3,744.”

“Book to tax difference for the sasha, lp 5,760.”

“Book to tax difference for grove place partners, ltd. 78,363.”