Civic Intelligence

Woodfield Regency Inc

EIN 75-2512671 • 501(c)25 • Dallas, TX

Profile

NONE

2001 Ross Avenue Suite 3400Dallas, TX 75201

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 2020

Liabilities / Revenue

30th percentile

0.00x

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

$1M-$5M nonprofits • Source year 2020

Net Margin

96th percentile

89%

Higher net margin than 96% of similar nonprofits.

$1M-$5M nonprofits • Source year 2020

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.

$1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

16th percentile

-19%

Faster revenue growth than 16% of similar nonprofits.

$1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Down

$0

Down $65,249,376 (-100%) from 2019

Liabilities

Down

$0

Down $1,113,090 (-100%) from 2019

Net Assets

Down

$0

Down $64,136,286 (-100%) from 2019

Revenue

Down

$2,596,493

Down $625,319 (-19%) from 2019

Expenses

Down

$285,426

Down $4,228 (-1.5%) from 2019

Net Income

Down

$2,311,067

Down $621,091 (-21%) from 2019

Trend Graphs

Balance Sheet Trend

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

$80M$60M$40M$20M$0Assets 2011: $36,317,577Liabilities 2011: $745,696Net Assets 2011: $35,571,8812011Assets 2012: $43,244,682Liabilities 2012: $659,239Net Assets 2012: $42,585,4432012Assets 2013: $44,554,387Liabilities 2013: $746,509Net Assets 2013: $43,807,8782013Assets 2014: $51,796,047Liabilities 2014: $905,010Net Assets 2014: $50,891,0372014Assets 2015: $61,540,059Liabilities 2015: $1,325,626Net Assets 2015: $60,214,4332015Assets 2016: $64,549,519Liabilities 2016: $963,996Net Assets 2016: $63,585,5232016Assets 2017: $65,727,630Liabilities 2017: $1,106,726Net Assets 2017: $64,620,9042017Assets 2018: $64,560,895Liabilities 2018: $964,291Net Assets 2018: $63,596,6042018Assets 2019: $65,249,376Liabilities 2019: $1,113,090Net Assets 2019: $64,136,2862019Assets 2020: $0Liabilities 2020: $0Net Assets 2020: $02020

Highlighted filing

2020

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0Revenue 2011: $2,192,154Expenses 2011: $228,208Net Income 2011: $1,963,9462011Revenue 2012: $2,406,902Expenses 2012: $243,395Net Income 2012: $2,163,5072012Revenue 2013: $2,475,596Expenses 2013: $257,855Net Income 2013: $2,217,7412013Revenue 2014: $2,593,784Expenses 2014: $244,991Net Income 2014: $2,348,7932014Revenue 2015: $3,007,649Expenses 2015: $260,831Net Income 2015: $2,746,8182015Revenue 2016: $3,242,579Expenses 2016: $283,985Net Income 2016: $2,958,5942016Revenue 2017: $3,029,739Expenses 2017: $290,399Net Income 2017: $2,739,3402017Revenue 2018: $2,898,714Expenses 2018: $293,133Net Income 2018: $2,605,5812018Revenue 2019: $3,221,812Expenses 2019: $289,654Net Income 2019: $2,932,1582019Revenue 2020: $2,596,493Expenses 2020: $285,426Net Income 2020: $2,311,0672020

Highlighted filing

2020

Revenue$2,596,493
Expenses$285,426
Net Income$2,311,067

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 17, 2021
Return Version
2019v5.1
Gross Receipts
$4,464,973
Mission and Program Overview

Mission

NONE

To operate as a title holding corporation within the meaning of irc section 501(c)(25) and hold title to real property on behalf of public employees' retirement system of nevada.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$40,912,969$0▼ $40,912,969
Land, Buildings, and Equipment, Net$28,711,730$0▼ $28,711,730
Pd in Cap Srpls Land Bldg Eqp Fund$23,222,317$0▼ $23,222,317
Accounts Receivable$551,932$0▼ $551,932
Savings and Temporary Cash Investments$234,366$0▼ $234,366
Prepaid Expenses and Deferred Charges$47,992$0▼ $47,992
Cap Stk Tr Prin Current Funds$1,000$0▼ $1,000
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
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$65,249,376$0▼ $65,249,376
Other Assets Total$35,703,356$0▼ $35,703,356
Liabilities
Accounts Payable and Accrued Expenses$654,978$0▼ $654,978
Other Liabilities$369,857$0▼ $369,857
Deferred Revenue$88,255$0▼ $88,255
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$1,113,090$0▼ $1,113,090
Net Assets / Fund Balance
Total Net Assets Fund Balance$64,136,286$0▼ $64,136,286
Total Liabilities and Net Assets / Fund Balance$65,249,376$0▼ $65,249,376
Compensation and Service Providers

Board Members and Trustees

NameTitle
Michael KirbyPresident
Beth ZayicekDirector
R Scott DennisDirector
Haley WaldronTreasurer/asst Sec
Kevin PirozzoliVP & Ass Sec
Jason W GreerVP & Secretary
Bert J CrouchVP/asst Sec
Cain KirkVP/asst Sec
Chris CleghornVP/asst Sec
Duncan WalkerVP/asst Sec
Jackson LapinVP/asst Sec
Jeff CavanaughVP/asst Sec
Perry ChudnoffVP/asst Sec
Peter FeinbergVP/asst Sec
R Lee Phegley JrVP/asst Sec
Tom HurstVP/asst Sec

Highest Paid Contractors

ContractorServicesLocationCompensation
See Schedule O---
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$2,726
Other Revenue
$2,593,767
Change in Net Assets
$2,311,067
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$285,426
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 Management---$285,426
Total Functional Expenses$0$0$0$285,426
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
Backup withholding compliance
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
No
Key decisions subject to board approval
Yes
Management duties delegated
Yes

Governance Explanations

PART VI: GOVERNANCE, MANAGEMENT, AND DISCLOSURE

Line 2 all officers and directors of the filing organization have a business relationship with one another by virtue of their positions as officers, directors, and/or key employees of invesco advisers, inc.

Part VI: GOVERNANCE, MANAGEMENT, AND DISCLOSURE

Line 3, 6, 7a, 7b, 11B, 19 Woodfield Regency, Inc.'s stock is owned 100% by Public Employees' Retirement System of Nevada. Public Employees' Retirement System of Nevada has engaged Invesco Real Estate, an independent management company, to manage all aspects of the entity including preparing the financial statements and tax returns. Public Employees' Retirement System of Nevada has the ability to hire and fire the management company at any time, and Public Employees' Retirement System of Nevada is ultimately responsible for all decisions. Invesco personnel hold the officer positions, but Public Employees' Retirement System of Nevada has the ability to remove/change officers at any time. Invesco engages a paid preparer to prepare the tax return based on financial statements provided by Invesco. Once the return is prepared, it is sent to Invesco for review by the accountant assigned to the entity and the officer signing the return. Organization documents and financial statements related to the entity are not made available to the public.

Part VI: GOVERNANCE, MANAGEMENT, AND DISCLOSURE

Line 8B WOODFIELD REGENCY, INC. does not have any committee with authority to act on behalf of the governing body. As such, no committee meeting minutes or other documentation have been required.

PART VII: SECTION B. INDEPENDENT CONTRACTORS

LINE 1 INVESCO Advisers, Inc. Management Services $ 289,905 2001 Ross Avenue, Suite 3400, Dallas, TX 75201 CBRE MANAGEMENT SERVICES $ 466,093 PO BOX 848844, LOS ANGELES, CA 90084-8844 Waste Management of Atlanta Janitorial Services $ 156,066 PO BOX 105453, ATLANTA, GA 30348 WEATHER TECH ROOFING & WATERPROOFING INC Construction $ 264,800 5720 MEADHAVEN STREET, DAVIE, FL 33331 SOUTHEAST LANDSCAPE MGMT COMPANY LLC Landscaping $ 181,207 2590 NW 4TH COURT FORT LAUDERDALE, FL 33311

Filing and Contact Details

Filer

Filer Name
Woodfield Regency Inc
EIN
75-2512671
In Care Of
% INVESCO ADVISERS INC
Phone
9727157400
Address
2001 Ross Avenue Suite 3400, DALLAS, TX 75201

Signing Officer

Name
Lee Phegley
Title
Officer
Phone
9727157400
Signed
2021-05-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lee Phegley
Formed
1993
Legal Domicile
De
Voting Board Members
2
Independent Board Members
2
Employees
0

Preparer

Firm
Kpmg Llp
Address
2323 Ross Avenue Suite 1400, Dallas, TX 75201-2709
Preparer
Amy Koronka
Phone
2148402000
Supplemental Narrative

Additional Explanations

PART XI: RECONCILIATION OF NET ASSETS

Line 9 - other changes in fund balance include: additional paid-in capital 364,471 distributions to shareholder (2,192,471) ------------- (1,828,000)

PART XII: FINANCIAL STATEMENTS AND REPORTING

Line 2b an outside accounting firm performs an annual audit on the consolidated financial statements of the public employees' retirement system of nevada's (parent's) core real estate portolio. The consolidated financial statements include the financial information for woodfield regency, inc. (taxpayer). However, to accomodate the parent's financial statement audit, the consolidated financial statements of the real estate portfolio are audited on the fical year ended march 31, which differs from the taxpayer's fiscal and tax year ended june 30.

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IRS990/Form990PartVIISectionAGrp/TitleTxt14VP/ASST SEC
IRS990/Form990PartVIISectionAGrp/TitleTxt15VP/ASST SEC
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IRS990ScheduleN/SupplementalInformationDetail/ExplanationTxt0The Organization has received an updated determination letter from the IRS stating form 990 is no longer required. Therefore this is a final return and no additional form 990s will be submitted.
IRS990ScheduleN/SupplementalInformationDetail/FormAndLineReferenceDesc0Part 1 Additional Information
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0LINE 2 ALL OFFICERS AND DIRECTORS OF THE FILING ORGANIZATION HAVE A BUSINESS RELATIONSHIP WITH ONE ANOTHER BY VIRTUE OF THEIR POSITIONS AS OFFICERS, DIRECTORS, AND/OR KEY EMPLOYEES OF INVESCO ADVISERS, INC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Line 3, 6, 7a, 7b, 11B, 19 Woodfield Regency, Inc.'s stock is owned 100% by Public Employees' Retirement System of Nevada. Public Employees' Retirement System of Nevada has engaged Invesco Real Estate, an independent management company, to manage all aspects of the entity including preparing the financial statements and tax returns. Public Employees' Retirement System of Nevada has the ability to hire and fire the management company at any time, and Public Employees' Retirement System of Nevada is ultimately responsible for all decisions. Invesco personnel hold the officer positions, but Public Employees' Retirement System of Nevada has the ability to remove/change officers at any time. Invesco engages a paid preparer to prepare the tax return based on financial statements provided by Invesco. Once the return is prepared, it is sent to Invesco for review by the accountant assigned to the entity and the officer signing the return. Organization documents and financial statements related to the entity are not made available to the public.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Line 8B WOODFIELD REGENCY, INC. does not have any committee with authority to act on behalf of the governing body. As such, no committee meeting minutes or other documentation have been required.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3LINE 1 INVESCO Advisers, Inc. Management Services $ 289,905 2001 Ross Avenue, Suite 3400, Dallas, TX 75201 CBRE MANAGEMENT SERVICES $ 466,093 PO BOX 848844, LOS ANGELES, CA 90084-8844 Waste Management of Atlanta Janitorial Services $ 156,066 PO BOX 105453, ATLANTA, GA 30348 WEATHER TECH ROOFING & WATERPROOFING INC Construction $ 264,800 5720 MEADHAVEN STREET, DAVIE, FL 33331 SOUTHEAST LANDSCAPE MGMT COMPANY LLC Landscaping $ 181,207 2590 NW 4TH COURT FORT LAUDERDALE, FL 33311
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4LINE 9 - OTHER CHANGES IN FUND BALANCE INCLUDE: ADDITIONAL PAID-IN CAPITAL 364,471 DISTRIBUTIONS TO SHAREHOLDER (2,192,471) ------------- (1,828,000)
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5LINE 2B AN OUTSIDE ACCOUNTING FIRM PERFORMS AN ANNUAL AUDIT ON THE CONSOLIDATED FINANCIAL STATEMENTS OF THE PUBLIC EMPLOYEES' RETIREMENT SYSTEM OF NEVADA'S (PARENT'S) CORE REAL ESTATE PORTOLIO. THE CONSOLIDATED FINANCIAL STATEMENTS INCLUDE THE FINANCIAL INFORMATION FOR WOODFIELD REGENCY, INC. (TAXPAYER). HOWEVER, TO ACCOMODATE THE PARENT'S FINANCIAL STATEMENT AUDIT, THE CONSOLIDATED FINANCIAL STATEMENTS OF THE REAL ESTATE PORTFOLIO ARE AUDITED ON THE FICAL YEAR ENDED MARCH 31, WHICH DIFFERS FROM THE TAXPAYER'S FISCAL AND TAX YEAR ENDED JUNE 30.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0PART VI: GOVERNANCE, MANAGEMENT, AND DISCLOSURE
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Part VI: GOVERNANCE, MANAGEMENT, AND DISCLOSURE
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Part VI: GOVERNANCE, MANAGEMENT, AND DISCLOSURE
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3PART VII: SECTION B. INDEPENDENT CONTRACTORS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4PART XI: RECONCILIATION OF NET ASSETS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5PART XII: FINANCIAL STATEMENTS AND REPORTING
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