Civic Intelligence

Np Royal Ridge LLC C/O Aew Capital Management LP

990 • Fiscal year 2020 • EIN 83-0938973

Jan 01, 2020 to Dec 31, 2020 • Filed on May 03, 2021

Organization ProfileN/A
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

22nd percentile

0.00x

Higher debt load relative to assets than 22% of similar nonprofits.

2020 filings • $25M-$50M nonprofits • Source year 2020

Liabilities / Revenue

23rd percentile

0.03x

Higher debt load relative to revenue than 23% of similar nonprofits.

2020 filings • $25M-$50M nonprofits • Source year 2020

Net Margin

92nd percentile

66%

Higher net margin than 92% of similar nonprofits.

2020 filings • $25M-$50M nonprofits • Source year 2020

Top Officer Pay

19th percentile

$0

Higher top officer pay than 19% of similar nonprofits.

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

2020 filings • $25M-$50M nonprofits • Source year 2020

Asset Growth

29th percentile

0.2%

Faster asset growth than 29% of similar nonprofits.

2020 filings • $25M-$50M nonprofits • Annualized from 2019 to 2020

Revenue Growth

54th percentile

2.8%

Faster revenue growth than 54% of similar nonprofits.

2020 filings • $25M-$50M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets22nd percentile

Assets

Up

$39,660,836

Up $74,349 (+0.2%) from 2019

Net Assets

Up

$39,534,593

Up $29,175 (+0.1%) from 2019

Liabilities

Up

$126,243

Up $45,174 (+56%) from 2019

Revenue And Expenses
Liabilities / Revenue23rd percentileNet Margin92nd percentile

Revenue

Up

$4,317,375

Up $118,160 (+2.8%) from 2019

Expenses

Up

$1,481,964

Up $72,312 (+5.1%) from 2019

Net Income

Up

$2,835,411

Up $45,848 (+1.6%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth29th percentile

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

$60M$40M$20M$0Assets 2019: $39,586,487Liabilities 2019: $81,069Net Assets 2019: $39,505,4182019Assets 2020: $39,660,836Liabilities 2020: $126,243Net Assets 2020: $39,534,5932020Assets 2021: $42,684,604Liabilities 2021: $490,957Net Assets 2021: $42,193,6472021Assets 2022: $38,980,440Liabilities 2022: $486,500Net Assets 2022: $38,493,9402022Assets 2023: $40,102,261Liabilities 2023: $464,623Net Assets 2023: $39,637,6382023Assets 2024: $43,355,758Liabilities 2024: $1,023,356Net Assets 2024: $42,332,4022024

Highlighted filing

2020

Assets$39,660,836
Liabilities$126,243
Net Assets$39,534,593
Open 2020 Filing

Operations Trend

Revenue Growth54th percentile

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

$6.0M$4.0M$2.0M$0Revenue 2019: $4,199,215Expenses 2019: $1,409,652Net Income 2019: $2,789,5632019Revenue 2020: $4,317,375Expenses 2020: $1,481,964Net Income 2020: $2,835,4112020Revenue 2021: $4,213,080Expenses 2021: $1,459,012Net Income 2021: $2,754,0682021Revenue 2022: $4,188,477Expenses 2022: $1,407,393Net Income 2022: $2,781,0842022Revenue 2023: $4,033,408Expenses 2023: $1,418,142Net Income 2023: $2,615,2662023Revenue 2024: $3,891,834Expenses 2024: $1,398,821Net Income 2024: $2,493,0132024

Highlighted filing

2020

Revenue$4,317,375
Expenses$1,481,964
Net Income$2,835,411
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
May 3, 2021
Return Version
2020v4.1
Gross Receipts
$4,317,375
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$36,984,440$38,000,000▲ $1,015,560
Pd in Cap Srpls Land Bldg Eqp Fund$37,344,391$37,529,985▲ $185,594
Rtn Earn Endowment Incm Other Fnds$2,161,027$2,004,608▼ $156,419
Savings and Temporary Cash Investments$30,625$707,989▲ $677,364
Prepaid Expenses and Deferred Charges$222,029$487,733▲ $265,704
Accounts Receivable$233,832$465,114▲ $231,282
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$39,586,487$39,660,836▲ $74,349
Other Assets Total$2,115,561$0▼ $2,115,561
Liabilities
Accounts Payable and Accrued Expenses$65,802$94,168▲ $28,366
Other Liabilities$15,267$32,075▲ $16,808
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$81,069$126,243▲ $45,174
Net Assets / Fund Balance
Total Net Assets Fund Balance$39,505,418$39,534,593▲ $29,175
Total Liabilities and Net Assets / Fund Balance$39,586,487$39,660,836▲ $74,349

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$37,809,170--
Land$190,830--
Compensation and Service Providers
Top Officer Pay19th percentile

Board Members and Trustees

NameTitle
See Attached ScheduleOfficer

Highest Paid Contractors

ContractorServicesLocationCompensation
Gmi Asphalt LLCConstruction288 LACONIA RD, Belmont, NH 03220$190,830
Aew Capital Management LPManagementTWO SEAPORT LANE, Boston, MA 02210-2021$176,277
The Wilder Companies LtdReal Estate800 BOYLSTON STREET 1300, Boston, MA 02199$156,861
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$4,124,965
Investment Income
$7
Other Revenue
$192,403
Change in Net Assets
$2,835,411
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,431,551
Salaries, Compensation, and Employee Benefits$50,413
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$289,997--$289,997
Insurance$60,316--$60,316
Other Salaries and Wages$50,413--$50,413
Other Expenses$25,584--$25,584
Fees for Services Legal$18,520--$18,520
Fees for Services Accounting$13,784--$13,784
Fees for Services Other$12,260--$12,260
All Other Expenses$11,224--$11,224
Office Expenses$9,941--$9,941
Advertising$5,715--$5,715
Total Functional Expenses$1,481,964$0$0$1,481,964
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
Other Liabilities$32,075
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
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 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:

“Information about the organization's investment programs and the financial statements are available to the public on their website: www.nvpers.org”

Filing and Contact Details

Filer

Filer Name
NP Royal Ridge LLC
EIN
83-0938973
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
2021-05-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Susan Bouchard
Formed
2018
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
Steven Kennedy
Phone
6175305000
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“description amount distributions (1,701,000) contributions 185,594 _____________ Total 1,515,406”

Form 990, Part XII, Line 2C

“The process has not changed from the prior year.”

Raw XML AppendixShowing 400 of 418 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/Desc0OTHER LIABILITIES
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IRS990ScheduleD/TotalLiabilityAmt032075
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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. 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.
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 (1,701,000) contributions 185,594 _____________ Total 1,515,406
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 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
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IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0true
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0see attachment
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IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
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IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt1185594
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IRS990/UponRequestInd0X
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IRS990/USAddress/CityNm0BOSTON
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd0022102021
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ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0SUSAN BOUCHARD
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ReturnHeader/BusinessOfficerGrp/SignatureDt02021-05-03
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$39,660,836
Liabilities
$126,243
Net assets
$39,534,593
Revenue
$4,317,375
Expenses
$1,481,964
Net income
$2,835,411
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$43.4$1.02$42.3$3.89$1.40$2.49
2023Detailed filing. Detailed filing data is available for this year.$40.1$0.46$39.6$4.03$1.42$2.62
2022Detailed filing. Detailed filing data is available for this year.$39.0$0.49$38.5$4.19$1.41$2.78
2021Detailed filing. Detailed filing data is available for this year.$42.7$0.49$42.2$4.21$1.46$2.75
2020Detailed filing. Detailed filing data is available for this year.$39.7$0.13$39.5$4.32$1.48$2.84
2019Detailed filing. Detailed filing data is available for this year.$39.6$0.08$39.5$4.20$1.41$2.79