Civic Intelligence

Tr 3500 Maple Corp

EIN 81-5177489 • 501(c)25 • Chicago, IL

Profile

Attachment 2 attachment 2the corporation is a 501(c)(25) organization. It was organized forthe exclusive purpose of holding title to real property, collectingincome from such property, and remitting the entire amount of incomefrom such property (less expenses) to the shareholder of thiscorporation. The sole shareholder of this corporation is the teachersretirement system of the state of illinois, which is a tax-exemptpension fund that meets the requirements of section 401(a) of theinternal revenue code as amended, which trusts are exempt fromtaxation under section 501(a) of the code.

120 North Lasalle Street 2900Chicago, IL 60602

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

75th percentile

0.60x

Higher debt load relative to assets than 75% of similar nonprofits.

$100M-$250M nonprofits • Source year 2025

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2025

Net Margin

100th percentile

100%

Higher net margin than 100% of similar nonprofits.

$100M-$250M nonprofits • Source year 2025

Top Officer Pay

12th percentile

$0

Higher top officer pay than 12% of similar nonprofits.

$100M-$250M nonprofits • Source year 2025

Asset Growth

57th percentile

6.7%

Faster asset growth than 57% of similar nonprofits.

$100M-$250M nonprofits • Annualized from 2024 to 2025

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2024 to 2025

Assets

Up

$100,991,224

Up $6,373,167 (+6.7%) from 2024

Liabilities

Up

$60,237,872

Up $692,150 (+1.2%) from 2024

Net Assets

Up

$40,753,352

Up $5,681,017 (+16%) from 2024

Revenue

Down

-$1,972,955

Down $2,284,907 (-732%) from 2024

Expenses

Flat

$0

Flat from 2024

Net Income

Down

-$1,972,955

Down $2,284,907 (-732%) from 2024

Trend Graphs

Balance Sheet Trend

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

$150M$100M$50M$0Assets 2017: $114,699,429Liabilities 2017: $57,226,307Net Assets 2017: $57,473,1222017Assets 2018: $115,819,295Liabilities 2018: $58,173,699Net Assets 2018: $57,645,5962018Assets 2019: $119,919,300Liabilities 2019: $57,427,785Net Assets 2019: $62,491,5152019Assets 2020: $126,967,548Liabilities 2020: $61,159,359Net Assets 2020: $65,808,1902020Assets 2021: $126,295,134Liabilities 2021: $61,500,153Net Assets 2021: $64,794,9812021Assets 2022: $114,838,946Liabilities 2022: $61,580,352Net Assets 2022: $53,258,5942022Assets 2023: $106,397,964Liabilities 2023: $61,526,300Net Assets 2023: $44,871,6642023Assets 2024: $94,618,057Liabilities 2024: $59,545,722Net Assets 2024: $35,072,3352024Assets 2025: $100,991,224Liabilities 2025: $60,237,872Net Assets 2025: $40,753,3522025

Highlighted filing

2025

Assets$100,991,224
Liabilities$60,237,872
Net Assets$40,753,352

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2017: $1,074,836Expenses 2017: $0Net Income 2017: $1,074,8362017Revenue 2018: $2,598,709Expenses 2018: $0Net Income 2018: $2,598,7092018Revenue 2019: $3,051,154Expenses 2019: $0Net Income 2019: $3,051,1542019Revenue 2020: $4,113,679Expenses 2020: $0Net Income 2020: $4,113,6792020Revenue 2021: $387,397Expenses 2021: $0Net Income 2021: $387,3972021Revenue 2022: $673,954Expenses 2022: $0Net Income 2022: $673,9542022Revenue 2023: -$867,432Expenses 2023: $0Net Income 2023: -$867,4322023Revenue 2024: $311,952Expenses 2024: $0Net Income 2024: $311,9522024Revenue 2025: -$1,972,955Expenses 2025: $0Net Income 2025: -$1,972,9552025

Highlighted filing

2025

Revenue-$1,972,955
Expenses$0
Net Income-$1,972,955

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Mar 31, 2026
Return Version
2024v5.5
Gross Receipts
$8,961,719
Mission and Program Overview

Mission

Attachment 2 attachment 2the corporation is a 501(c)(25) organization. It was organized forthe exclusive purpose of holding title to real property, collectingincome from such property, and remitting the entire amount of incomefrom such property (less expenses) to the shareholder of thiscorporation. The sole shareholder of this corporation is the teachersretirement system of the state of illinois, which is a tax-exemptpension fund that meets the requirements of section 401(a) of theinternal revenue code as amended, which trusts are exempt fromtaxation under section 501(a) of the code.

Attachment 1 attachment 1to hold title to property, collect income and remit net income to the teachers retirement system of illinois, its sole shareholder.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pd in Cap Srpls Land Bldg Eqp Fund$125,263,475$130,357,394▲ $5,093,919
Land, Buildings, and Equipment, Net$124,544,408$128,536,835▲ $3,992,427
Intangible Assets$5,326,640$6,010,790▲ $684,150
Cash and Non-Interest-Bearing Accounts$1,656,231$2,036,524▲ $380,293
Accounts Receivable$36,328$173,486▲ $137,158
Prepaid Expenses and Deferred Charges$76,543$64,707▼ $11,836
Cap Stk Tr Prin Current Funds$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$-90,191,140$-89,604,042▲ $587,098
Total Assets$94,618,057$100,991,224▲ $6,373,167
Other Assets Total$-37,022,093$-35,831,118▲ $1,190,975
Liabilities
Mortgage Notes Payable Secured by Investment Property$57,104,975$57,750,734▲ $645,759
Accounts Payable and Accrued Expenses$1,454,469$1,251,842▼ $202,627
Other Liabilities$786,810$982,102▲ $195,292
Deferred Revenue$199,468$253,194▲ $53,726
Total Liabilities$59,545,722$60,237,872▲ $692,150
Net Assets / Fund Balance
Total Net Assets Fund Balance$35,072,335$40,753,352▲ $5,681,017
Total Liabilities and Net Assets / Fund Balance$94,618,057$100,991,224▲ $6,373,167

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$106,449,755--
Land$22,087,080--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Jenifer RatcliffePresident
Lee R BakerVP/ Secretary
Gregory CourtwrightVP/ Treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Rugg Construction LLCCapital - Building/tenant Improvements C8140 WALNUT HILL LN STE 210, Dallas, TX 75231$3,046,948
Iidon INCSecurity Services ContractP O BOX 671524, Dallas, TX 75267-1524$453,216
Txu EnergyUtilities - ElectricPO BOX 650638, Dallas, TX 75265-0638$424,746
Lincoln Property CompanyCapital - Lease Commissions/cm Fees2000 MCKINNEY AVE 1000, Dallas, TX 75201$331,740
UbmJanitorial ContractPO BOX 59992, Dallas, TX 75229$319,043
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$-3,408,000
Other Revenue
$1,435,045
Change in Net Assets
$-1,972,955
Expenses and Functional Allocation

Major Expense Lines

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

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Mgmt CompanyAsset Management FeeNo$100,444
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Security Deposits$982,102
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

Management and control of all duties for operations are delegated to lpc realty advisors i, lp.

Form 990, Part VI, Section A, Line 6

The sole shareholder of the organization is the teachers retirement system of illinois.

Form 990, Part VI, Section A, Line 7B

The sole shareholder reviews and approves the acquisitions, dispositions and refinancing of the investments. Form 990, part vi, section a, line 9: gregory courtwright and lee baker may be reached by mail c/o lincoln property company, 2000 mckinney ave., ste. 1000, dallas, tx 75201.

Form 990, Part VI, Section B, Line 11B

An officer reviews a draft of the tax return provided by the tax return preparer. An officer then approves the draft or provides changes and corrections to the preparer. Upon approval, a final copy is issued to the taxpayer for filing. A copy of the return is kept on file and is available for review upon request.

Form 990, Part VI, Section B, Line 12C

The delegated management company, lpc realty advisors i, lp. Has a written conflict of interest policy. The potential for conflicts is minimized by annual reviews and questionnaires. The officers and the governing body, as well as all employees and contractors lpc realty advisors i, lp. Are aware of the policy. No specific enforcement has been necessary.

Form 990, Part VI, Section B, Line 15B

The organization has no employees. Neither the officers nor the governing body, the investment committee, receive compensation from the organization. These persons are compensated and reviewed by the management company, lpc realty advisors i, lp.

Form 990, Part VI, Section C, Line 19

Upon request, the organization makes its tax returns, financial statements and conflict of interest policy available for public inspection by furnishing a copy to the requesting person.

Part VII-compensation of Officers, Directors, Trustees, Key Employees, High

Section a, column b: the officers and investment committee members spend less than one hour per week on the business of all related organizations listed in schedule r.

Filing and Contact Details

Filer

Filer Name
Tr 3500 Maple Corp
EIN
81-5177489
Phone
3123458784
Address
120 NORTH LASALLE STREET 2900, CHICAGO, IL 60602

Signing Officer

Name
Jenifer Ratcliffe
Title
President
Phone
3125416764
Signed
2026-03-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jenifer Ratcliffe
Formed
2017
Legal Domicile
De
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
0

Preparer

Firm
Kpmg Llp
Address
200 EAST RANDOLPH DRIVE SUITE 5500, CHICAGO, IL 60601-6436
Preparer
Jiaxin Ren
Phone
3126651000
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

CONTRIBUTIONS 5,093,919.

Part XII - Financial Statements and Reporting

Line 2b: the corporation's financial statements are audited by an independent accountant as part of combined financial statements. They are not prepared on the basis of generally accepted accounting principles, but on another comprehensive basis of accounting. More information is available upon request. Line 2c: there was no change in the oversight or selection process. See the answers for part vi.

Raw XML AppendixShowing 400 of 661 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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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSITS
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IRS990ScheduleD/TotalLiabilityAmt0982102
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0ASSET MANAGEMENT FEE
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT AND CONTROL OF ALL DUTIES FOR OPERATIONS ARE DELEGATED TO LPC REALTY ADVISORS I, LP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE SOLE SHAREHOLDER OF THE ORGANIZATION IS THE TEACHERS RETIREMENT SYSTEM OF ILLINOIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE SOLE SHAREHOLDER REVIEWS AND APPROVES THE ACQUISITIONS, DISPOSITIONS AND REFINANCING OF THE INVESTMENTS. FORM 990, PART VI, SECTION A, LINE 9: GREGORY COURTWRIGHT AND LEE BAKER MAY BE REACHED BY MAIL C/O LINCOLN PROPERTY COMPANY, 2000 MCKINNEY AVE., STE. 1000, DALLAS, TX 75201.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AN OFFICER REVIEWS A DRAFT OF THE TAX RETURN PROVIDED BY THE TAX RETURN PREPARER. AN OFFICER THEN APPROVES THE DRAFT OR PROVIDES CHANGES AND CORRECTIONS TO THE PREPARER. UPON APPROVAL, A FINAL COPY IS ISSUED TO THE TAXPAYER FOR FILING. A COPY OF THE RETURN IS KEPT ON FILE AND IS AVAILABLE FOR REVIEW UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE DELEGATED MANAGEMENT COMPANY, LPC REALTY ADVISORS I, LP. HAS A WRITTEN CONFLICT OF INTEREST POLICY. THE POTENTIAL FOR CONFLICTS IS MINIMIZED BY ANNUAL REVIEWS AND QUESTIONNAIRES. THE OFFICERS AND THE GOVERNING BODY, AS WELL AS ALL EMPLOYEES AND CONTRACTORS LPC REALTY ADVISORS I, LP. ARE AWARE OF THE POLICY. NO SPECIFIC ENFORCEMENT HAS BEEN NECESSARY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION HAS NO EMPLOYEES. NEITHER THE OFFICERS NOR THE GOVERNING BODY, THE INVESTMENT COMMITTEE, RECEIVE COMPENSATION FROM THE ORGANIZATION. THESE PERSONS ARE COMPENSATED AND REVIEWED BY THE MANAGEMENT COMPANY, LPC REALTY ADVISORS I, LP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6UPON REQUEST, THE ORGANIZATION MAKES ITS TAX RETURNS, FINANCIAL STATEMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE FOR PUBLIC INSPECTION BY FURNISHING A COPY TO THE REQUESTING PERSON.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7SECTION A, COLUMN B: THE OFFICERS AND INVESTMENT COMMITTEE MEMBERS SPEND LESS THAN ONE HOUR PER WEEK ON THE BUSINESS OF ALL RELATED ORGANIZATIONS LISTED IN SCHEDULE R.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8CONTRIBUTIONS 5,093,919.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9LINE 2B: THE CORPORATION'S FINANCIAL STATEMENTS ARE AUDITED BY AN INDEPENDENT ACCOUNTANT AS PART OF COMBINED FINANCIAL STATEMENTS. THEY ARE NOT PREPARED ON THE BASIS OF GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, BUT ON ANOTHER COMPREHENSIVE BASIS OF ACCOUNTING. MORE INFORMATION IS AVAILABLE UPON REQUEST. LINE 2C: THERE WAS NO CHANGE IN THE OVERSIGHT OR SELECTION PROCESS. SEE THE ANSWERS FOR PART VI.
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 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7PART VII-COMPENSATION OF OFFICERS, DIRECTORS, TRUSTEES, KEY EMPLOYEES, HIGH
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9PART XII - FINANCIAL STATEMENTS AND REPORTING
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0TEACHERS RETIREMENT SYSTEM OF ILLINOIS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1TR 16 MARKET SQUARE CORP
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2TR 120 S LASALLE CORP
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt3TR BRIDGEWATER CORP
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt4TR 2300 N STREET CORP
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt5TR TWO ADDISON CORP
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt6TR CHURCH STREET CORP
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt7TR ROYAL PALM CORP
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt8TR GALLERIA PLACE CORP
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt9TR DUPONT CENTRE LLC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt10TR 1000 WILSHIRE LLC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt11TR GREENSPOINT LLC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt12TR 55 ALLEN PLAZA LLC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt13TR 350 RIS BUILDING LLC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt14TR 801 TRAVIS LLC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt15TR 121 W TRADE LLC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt16TR WATERIDGE LLC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt17TR PACWEST CORP
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt18TR CENTRAL PARK LLC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt19TR DENVER FINANCIAL CENTER LLC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt20TR CINCINNATI MOB LLC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt21TR HAGERSTOWN MOB LLC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt22TR COLUMBUS MOB LLC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt23TR DES MOINES IRF LLC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt24TR MURRYSVILLE MOB LLC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt25TR PASCAGOULA MOB LLC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt26TR PORTER MOB LLC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt27TR RICHARDSON IRF LLC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt28TR ROUND ROCK IRF LLC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt29TR SHENANDOAH IRF LLC
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