Civic Intelligence

Corridor Realty Corp Co Sentinel

EIN 74-2951640 • 501(c)25 • Boston, MA

Profile

The organization was formed to acquire and hold title to real property and to remit net income therfrom to its tax exempt shareholder.

Two Seaport LaneBoston, 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 2019

Liabilities / Revenue

22nd percentile

0.00x

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

$5M-$10M nonprofits • Source year 2019

Net Margin

97th percentile

93%

Higher net margin than 97% of similar nonprofits.

$5M-$10M nonprofits • Source year 2019

Top Officer Pay

Score unavailable

No value available

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

Asset Growth

1st percentile

-100%

Faster asset growth than 1% of similar nonprofits.

$5M-$10M nonprofits • Annualized from 2018 to 2019

Revenue Growth

91st percentile

121%

Faster revenue growth than 91% of similar nonprofits.

$5M-$10M nonprofits • Annualized from 2018 to 2019

Assets

Down

$0

Down $7,761,838 (-100%) from 2018

Liabilities

Down

$0

Down $172,752 (-100%) from 2018

Net Assets

Down

$0

Down $7,589,086 (-100%) from 2018

Revenue

Up

$1,323,420

Up $723,443 (+121%) from 2018

Expenses

Down

$95,658

Down $150,121 (-61%) from 2018

Net Income

Up

$1,227,762

Up $873,564 (+247%) from 2018

Trend Graphs

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2011: $4,688,454Liabilities 2011: $70,295Net Assets 2011: $4,618,1592011Assets 2012: $4,658,126Liabilities 2012: $57,722Net Assets 2012: $4,600,4042012Assets 2013: $4,861,532Liabilities 2013: $160,964Net Assets 2013: $4,700,5682013Assets 2014: $4,739,504Liabilities 2014: $165,528Net Assets 2014: $4,573,9762014Assets 2015: $4,591,740Liabilities 2015: $145,769Net Assets 2015: $4,445,9712015Assets 2016: $4,967,848Liabilities 2016: $385,555Net Assets 2016: $4,582,2932016Assets 2017: $4,676,443Liabilities 2017: $167,654Net Assets 2017: $4,508,7892017Assets 2018: $7,761,838Liabilities 2018: $172,752Net Assets 2018: $7,589,0862018Assets 2019: $0Liabilities 2019: $0Net Assets 2019: $02019

Highlighted filing

2019

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: -$86,389Expenses 2011: $0Net Income 2011: -$86,3892011Revenue 2012: -$17,755Expenses 2012: $0Net Income 2012: -$17,7552012Expenses 2013: $02013Revenue 2014: $316,408Expenses 2014: $0Net Income 2014: $316,4082014Revenue 2015: $283,995Expenses 2015: $0Net Income 2015: $283,9952015Revenue 2016: $343,324Expenses 2016: $0Net Income 2016: $343,3242016Revenue 2017: $319,103Expenses 2017: $0Net Income 2017: $319,1032017Revenue 2018: $599,977Expenses 2018: $245,779Net Income 2018: $354,1982018Revenue 2019: $1,323,420Expenses 2019: $95,658Net Income 2019: $1,227,7622019

Highlighted filing

2019

Revenue$1,323,420
Expenses$95,658
Net Income$1,227,762

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Nov 13, 2019
Return Version
2018v3.1
Gross Receipts
$8,265,984
Mission and Program Overview

Mission

The organization was formed to acquire and hold title to real property and to remit net income therfrom to its tax exempt shareholder.

Hold title to real estate investments of a public employee retirement plan.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$11,207,321$11,782,232▲ $574,911
Land, Buildings, and Equipment, Net$6,931,424$0▼ $6,931,424
Accounts Receivable$69,140$0▼ $69,140
Cash and Non-Interest-Bearing Accounts$63,883$0▼ $63,883
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
Prepaid Expenses and Deferred Charges$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$-3,618,235$-11,782,232▼ $8,163,997
Total Assets$7,761,838$0▼ $7,761,838
Other Assets Total$697,391$0▼ $697,391
Liabilities
Accounts Payable and Accrued Expenses$90,463$0▼ $90,463
Other Liabilities$82,289$0▼ $82,289
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$172,752$0▼ $172,752
Net Assets / Fund Balance
Total Net Assets Fund Balance$7,589,086$0▼ $7,589,086
Total Liabilities and Net Assets / Fund Balance$7,761,838$0▼ $7,761,838
Compensation and Service Providers

Board Members and Trustees

NameTitle
See AttachmentN/a

Highest Paid Contractors

ContractorServicesLocationCompensation
Available Upon Request---
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$221,910
Investment Income
$1,081,318
Other Revenue
$20,192
Change in Net Assets
$1,227,762
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$95,658
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$12,218--$12,218
Fees for Services Management$8,731--$8,731
Office Expenses$4,073--$4,073
Insurance$4,029--$4,029
Fees for Services Other$1,859--$1,859
Other Expenses$1,543--$1,543
All Other Expenses$422--$422
Total Functional Expenses$95,658$0$0$95,658
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
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 city of los angeles fire and police pension plan. 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:

All governing documents, conflict of interest, policies and financial statements are available for inspection at the address on the tax return upon written request.

Filing and Contact Details

Filer

Filer Name
Corridor Realty Corp
EIN
74-2951640
In Care Of
% C/O AEW CAPITAL MANAGEMENT
Phone
6172619000
Address
TWO SEAPORT LANE, BOSTON, MA 02210-2021

Signing Officer

Name
Susan Bouchard
Title
Vice President
Phone
6172619000
Signed
2019-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Susan Bouchard
Formed
2000
Legal Domicile
TX
Voting Board Members
0
Independent Board Members
0
Employees
0

Preparer

Firm
Pricewaterhousecoopers Llp
Address
101 SEAPORT BLVD SUITE 500, BOSTON, MA 02210-2021
Preparer
Steven Kennedy
Phone
6175305000
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9, CHANGES IN NET ASSETS:

Contributions: 31,353 distributions: (8,195,350) ____________ total changes in net assets: (8,163,997)

FORM 990, PART XII, LINE 2C:

The process has not changed from the prior year.

Raw XML AppendixShowing 400 of 401 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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IRS990ScheduleN/ReceiveCompensation2Ind0false
IRS990/ScheduleORequiredInd0true
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. FORM 990, PART VI, SECTION A, LINE 6: SOLE SHAREHOLDER OF THE ORGANIZATION IS THE CITY OF LOS ANGELES FIRE AND POLICE PENSION PLAN. THE ORGANIZATION IS INCLUDED IN THE AUDITED FINANCIAL STATEMENTS OF ITS SOLE SHAREHOLDER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 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/ExplanationTxt4ALL GOVERNING DOCUMENTS, CONFLICT OF INTEREST, POLICIES AND FINANCIAL STATEMENTS ARE AVAILABLE FOR INSPECTION AT THE ADDRESS ON THE TAX RETURN UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5CONTRIBUTIONS: 31,353 DISTRIBUTIONS: (8,195,350) ____________ TOTAL CHANGES IN NET ASSETS: (8,163,997)
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 PART VI, SECTION A, LINE 3:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A:
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, CHANGES IN NET ASSETS:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0true
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0SEE ATTACHMENT
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/SupplementalInformationDetail/ExplanationTxt0CITY OF L.A. FIRE AND POLICE PENSION PLAN OWNS A SIGNIFICANT NUMBER OF INVESTMENTS. HOWEVER, DETAILS PROVIDED ON SCHEDULE R, PART II ONLY INCLUDES THE CONSOLIDATED AUDITED FINANCIAL INFORMATION. ADDITIONAL INFORMATION IS AVAILABLE UPON REQUEST.
IRS990ScheduleR/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, SCHEDULE R, PART II:
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt031353
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt18195350
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0CASH
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1CASH
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0CITY OF LA FIRE AND POLICE PENSION PLAN
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1CITY OF LA FIRE AND POLICE PENSION PLAN
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0C
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1R
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0true
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt00
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt00
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt07761838
IRS990/TotalAssetsEOYAmt00
IRS990/TotalAssetsGrp/BOYAmt07761838
IRS990/TotalAssetsGrp/EOYAmt00
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt095658
IRS990/TotalFunctionalExpensesGrp/TotalAmt095658
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0172752
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt0172752
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt07589086
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt095658
IRS990/TotalProgramServiceRevenueAmt0221910
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01323420
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01323420
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt07761838
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt00
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0TWO SEAPORT LANE
IRS990/USAddress/CityNm0BOSTON
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd0022102021
IRS990/VotingMembersGoverningBodyCnt00
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02020-04-17 16:48:07Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0SUSAN BOUCHARD
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0VICE PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06172619000
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-11-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Corridor Realty Corp
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0c/o AEW Capital Management LP
ReturnHeader/Filer/BusinessNameControlTxt0CORR
ReturnHeader/Filer/EIN0742951640
ReturnHeader/Filer/InCareOfNm0% C/O AEW CAPITAL MANAGEMENT
ReturnHeader/Filer/PhoneNum06172619000
ReturnHeader/Filer/USAddress/AddressLine1Txt0TWO SEAPORT LANE
ReturnHeader/Filer/USAddress/CityNm0BOSTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd0022102021
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId002955F9BC85E9419F94A5A3690046D4908B43ECC
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0A42D051E84713483054D095D719053DA8DDEA0FB
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionId013049920193185000061
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02019-11-14
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0167.68.125.77
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PRICEWATERHOUSECOOPERS LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0101 SEAPORT BLVD SUITE 500
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BOSTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0022102021
ReturnHeader/PreparerPersonGrp/PhoneNum06175305000
ReturnHeader/PreparerPersonGrp/PreparationDt02019-11-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0STEVEN KENNEDY
ReturnHeader/ReturnTs02019-11-14T13:30:55-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-07-01
ReturnHeader/TaxPeriodEndDt02019-06-30

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