Civic Intelligence

Np Park 288 LLC

990 • Fiscal year 2021 • EIN 81-4985521

Jan 01, 2021 to Dec 31, 2021 • Filed on May 09, 2022

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

33rd percentile

0.03x

Higher debt load relative to assets than 33% of similar nonprofits.

2021 filings • $50M-$100M nonprofits • Source year 2021

Liabilities / Revenue

56th percentile

0.36x

Higher debt load relative to revenue than 56% of similar nonprofits.

2021 filings • $50M-$100M nonprofits • Source year 2021

Net Margin

87th percentile

60%

Higher net margin than 87% of similar nonprofits.

2021 filings • $50M-$100M nonprofits • Source year 2021

Top Officer Pay

16th percentile

$0

Higher top officer pay than 16% of similar nonprofits.

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

2021 filings • $50M-$100M nonprofits • Source year 2021

Asset Growth

81st percentile

24%

Faster asset growth than 81% of similar nonprofits.

2021 filings • $50M-$100M nonprofits • Annualized from 2020 to 2021

Revenue Growth

52nd percentile

12%

Faster revenue growth than 52% of similar nonprofits.

2021 filings • $50M-$100M nonprofits • Annualized from 2020 to 2021

Assets

Up

$72,735,783

Up $14,301,799 (+24%) from 2020

Net Assets

Up

$70,556,390

Up $14,533,396 (+26%) from 2020

Liabilities

Down

$2,179,393

Down $231,597 (-9.6%) from 2020

Revenue

Up

$6,111,492

Up $667,648 (+12%) from 2020

Expenses

Down

$2,435,759

Down $103,200 (-4.1%) from 2020

Net Income

Up

$3,675,733

Up $770,848 (+27%) from 2020

Historical Trend

Balance Sheet Trend

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

$80M$60M$40M$20M$0Assets 2017: $51,169,278Liabilities 2017: $1,869,290Net Assets 2017: $49,299,9882017Assets 2018: $52,258,298Liabilities 2018: $2,043,222Net Assets 2018: $50,215,0762018Assets 2019: $56,016,677Liabilities 2019: $2,235,779Net Assets 2019: $53,780,8982019Assets 2020: $58,433,984Liabilities 2020: $2,410,990Net Assets 2020: $56,022,9942020Assets 2021: $72,735,783Liabilities 2021: $2,179,393Net Assets 2021: $70,556,3902021Assets 2022: $53,044,659Liabilities 2022: $2,500,131Net Assets 2022: $50,544,5282022Assets 2023: $55,151,501Liabilities 2023: $2,233,003Net Assets 2023: $52,918,4982023Assets 2024: $55,633,073Liabilities 2024: $2,457,777Net Assets 2024: $53,175,2962024

Highlighted filing

2021

Assets$72,735,783
Liabilities$2,179,393
Net Assets$70,556,390

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0Revenue 2017: $4,520,524Expenses 2017: $2,186,886Net Income 2017: $2,333,6382017Revenue 2018: $5,772,365Expenses 2018: $2,455,015Net Income 2018: $3,317,3502018Revenue 2019: $5,416,580Expenses 2019: $2,969,488Net Income 2019: $2,447,0922019Revenue 2020: $5,443,844Expenses 2020: $2,538,959Net Income 2020: $2,904,8852020Revenue 2021: $6,111,492Expenses 2021: $2,435,759Net Income 2021: $3,675,7332021Revenue 2022: $5,828,054Expenses 2022: $2,841,796Net Income 2022: $2,986,2582022Revenue 2023: $6,597,957Expenses 2023: $2,725,818Net Income 2023: $3,872,1392023Revenue 2024: $5,788,768Expenses 2024: $3,031,283Net Income 2024: $2,757,4852024

Highlighted filing

2021

Revenue$6,111,492
Expenses$2,435,759
Net Income$3,675,733
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
May 9, 2022
Return Version
2021v4.2
Gross Receipts
$6,111,492
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 company for real property.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$56,200,000$70,600,000▲ $14,400,000
Pd in Cap Srpls Land Bldg Eqp Fund$49,998,881$50,269,521▲ $270,640
Rtn Earn Endowment Incm Other Fnds$6,024,113$20,286,869▲ $14,262,756
Savings and Temporary Cash Investments$2,185,846$2,108,115▼ $77,731
Prepaid Expenses and Deferred Charges$28,922$27,538▼ $1,384
Accounts Receivable$19,216$130▼ $19,086
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$58,433,984$72,735,783▲ $14,301,799
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$1,993,860$1,889,149▼ $104,711
Other Liabilities$417,130$290,244▼ $126,886
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$2,410,990$2,179,393▼ $231,597
Net Assets / Fund Balance
Total Net Assets Fund Balance$56,022,994$70,556,390▲ $14,533,396
Total Liabilities and Net Assets / Fund Balance$58,433,984$72,735,783▲ $14,301,799

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$68,770,625--
Other Land Buildings$1,135,275--
Leasehold Improvements$694,100--
Compensation and Service Providers

Board Members and Trustees

NameTitle
See Attached StatementOfficer

Highest Paid Contractors

ContractorServicesLocationCompensation
TranswesternReal Estate1900 West Loop South Ste 1300, Houston, TX 77027$280,140
Cushman WakefieldReal Estate225 West Wacker Drive Suite 3000, Chicago, IL 60606$230,556
K2 BiolabsResearch2710 REED RD SUITE 160, Houston, TX 77051$171,268
Marsh USAInsurance99 HIGH ST13, Boston, MA 02210$102,699
B Bell BuildersConstruction104 INDUSTRIAL BOULEVARD SUITE 100, Sugar Land, TX 77478$102,042
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$5,982,140
Investment Income
$0
Other Revenue
$129,352
Change in Net Assets
$3,675,733
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,435,759
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$450,900--$450,900
Insurance$104,083--$104,083
Other Expenses$35,698--$35,698
All Other Expenses$35,204--$35,204
Fees for Services Accounting$14,239--$14,239
Office Expenses$6,396--$6,396
Fees for Services Legal$5,768--$5,768
Fees for Services Other$639--$639
Total Functional Expenses$2,435,759$0$0$2,435,759
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
Security Deposits$284,331
Prepaid Rent$5,913
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 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

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.

Filing and Contact Details

Filer

Filer Name
NP Park 288 LLC
EIN
81-4985521
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
2022-05-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Susan Bouchard
Formed
2017
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
Amanda Hines
Phone
6175305000
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Description amount Distributions (3,251,000) Contributions 270,640 ____________ Total (2,980,360)

FORM 990, PART XII, LINE 2C:

The process has not changed from the prior year.

Raw XML AppendixShowing 400 of 433 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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IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt050269521
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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt027538
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IRS990/ProgramServiceRevenueGrp/BusinessCd0531390
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt05982140
IRS990/ProhibitedTaxShelterTransInd0false
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IRS990/PYOtherExpensesAmt02538959
IRS990/PYOtherRevenueAmt00
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IRS990/PYRevenuesLessExpensesAmt02904885
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IRS990/PYTotalExpensesAmt02538959
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IRS990/ReconcilationRevenueExpnssAmt03675733
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IRS990/ReportOtherLiabilitiesInd0true
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IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt020286869
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IRS990/SavingsAndTempCashInvstGrp/EOYAmt02108115
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IRS990ScheduleD/BuildingsGrp/BookValueAmt068770625
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt068770625
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0694100
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt0694100
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01135275
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt01135275
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt05913
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1284331
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PREPAID RENT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1SECURITY DEPOSITS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt070600000
IRS990ScheduleD/TotalLiabilityAmt0290244
IRS990/ScheduleJRequiredInd0false
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.
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.
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 Distributions (3,251,000) Contributions 270,640 ____________ Total (2,980,360)
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE 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/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 VI, SECTION A, LINE 7A:
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/TransactionsRelatedOrgGrp/InvolvedAmt03251000
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt1270640
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0cash
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1cash
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0PUBLIC EMPLOYEES RETIREMENT SYSTEM OF NEVADA
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1PUBLIC EMPLOYEES RETIREMENT SYSTEM OF NEVADA
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0R
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1C
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0true
IRS990/SchoolOperatingInd0false
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IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt058433984
IRS990/TotalAssetsEOYAmt072735783
IRS990/TotalAssetsGrp/BOYAmt058433984
IRS990/TotalAssetsGrp/EOYAmt072735783
IRS990/TotalCompGreaterThan150KInd0false
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IRS990/TotalFunctionalExpensesGrp/TotalAmt02435759
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IRS990/TotalLiabilitiesEOYAmt02179393
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IRS990/TotalLiabilitiesGrp/EOYAmt02179393
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt056022994
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt070556390
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IRS990/TotalProgramServiceRevenueAmt05982140
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt06111492
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IRS990/USAddress/AddressLine1Txt0TWO SEAPORT LANE
IRS990/USAddress/CityNm0BOSTON
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd0022102021
IRS990/VotingMembersGoverningBodyCnt00
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A

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