Civic Intelligence

Np Bangerter Crossing LLC

990 • Fiscal year 2021 • EIN 83-4011046

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

26th percentile

0.01x

Higher debt load relative to assets than 26% of similar nonprofits.

2021 filings • $25M-$50M nonprofits • Source year 2021

Liabilities / Revenue

43rd percentile

0.14x

Higher debt load relative to revenue than 43% of similar nonprofits.

2021 filings • $25M-$50M nonprofits • Source year 2021

Net Margin

88th percentile

61%

Higher net margin than 88% of similar nonprofits.

2021 filings • $25M-$50M nonprofits • Source year 2021

Top Officer Pay

20th percentile

$0

Higher top officer pay than 20% of similar nonprofits.

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

2021 filings • $25M-$50M nonprofits • Source year 2021

Asset Growth

90th percentile

41%

Faster asset growth than 90% of similar nonprofits.

2021 filings • $25M-$50M nonprofits • Annualized from 2020 to 2021

Revenue Growth

62nd percentile

23%

Faster revenue growth than 62% of similar nonprofits.

2021 filings • $25M-$50M nonprofits • Annualized from 2020 to 2021

Assets

Up

$37,424,620

Up $10,927,623 (+41%) from 2020

Net Assets

Up

$37,188,599

Up $11,036,531 (+42%) from 2020

Liabilities

Down

$236,021

Down $108,908 (-32%) from 2020

Revenue

Up

$1,679,593

Up $317,600 (+23%) from 2020

Expenses

Up

$646,749

Up $65,981 (+11%) from 2020

Net Income

Up

$1,032,844

Up $251,619 (+32%) from 2020

Historical Trend

Balance Sheet Trend

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

$40M$30M$20M$10M$0Assets 2019: $23,660,979Liabilities 2019: $235,407Net Assets 2019: $23,425,5722019Assets 2020: $26,496,997Liabilities 2020: $344,929Net Assets 2020: $26,152,0682020Assets 2021: $37,424,620Liabilities 2021: $236,021Net Assets 2021: $37,188,5992021Assets 2022: $24,857,444Liabilities 2022: $232,135Net Assets 2022: $24,625,3092022Assets 2023: $24,887,573Liabilities 2023: $247,430Net Assets 2023: $24,640,1432023Assets 2024: $24,958,577Liabilities 2024: $279,889Net Assets 2024: $24,678,6882024

Highlighted filing

2021

Assets$37,424,620
Liabilities$236,021
Net Assets$37,188,599

Operations Trend

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

$3.0M$2.0M$1.0M$0Revenue 2019: $850,591Expenses 2019: $385,551Net Income 2019: $465,0402019Revenue 2020: $1,361,993Expenses 2020: $580,768Net Income 2020: $781,2252020Revenue 2021: $1,679,593Expenses 2021: $646,749Net Income 2021: $1,032,8442021Revenue 2022: $2,105,955Expenses 2022: $772,923Net Income 2022: $1,333,0322022Revenue 2023: $2,230,926Expenses 2023: $764,246Net Income 2023: $1,466,6802023Revenue 2024: $2,461,274Expenses 2024: $848,804Net Income 2024: $1,612,4702024

Highlighted filing

2021

Revenue$1,679,593
Expenses$646,749
Net Income$1,032,844
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
May 9, 2022
Return Version
2021v4.2
Gross Receipts
$1,679,593
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$26,100,000$37,300,000▲ $11,200,000
Pd in Cap Srpls Land Bldg Eqp Fund$23,651,911$23,781,310▲ $129,399
Rtn Earn Endowment Incm Other Fnds$2,500,157$13,407,289▲ $10,907,132
Accounts Receivable$49,774$59,798▲ $10,024
Savings and Temporary Cash Investments$309,296$58,188▼ $251,108
Prepaid Expenses and Deferred Charges$37,927$6,634▼ $31,293
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$26,496,997$37,424,620▲ $10,927,623
Other Assets Total$0$0→ $0
Liabilities
Other Liabilities$132,713$192,443▲ $59,730
Accounts Payable and Accrued Expenses$212,216$43,578▼ $168,638
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$344,929$236,021▼ $108,908
Net Assets / Fund Balance
Total Net Assets Fund Balance$26,152,068$37,188,599▲ $11,036,531
Total Liabilities and Net Assets / Fund Balance$26,496,997$37,424,620▲ $10,927,623

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$36,156,481--
Other Land Buildings$252,081--
Leasehold Improvements$891,438--
Compensation and Service Providers

Board Members and Trustees

NameTitle
See Attached StatementOfficer

Highest Paid Contractors

ContractorServicesLocationCompensation
New Concepts Construction IncConstruction31 WEST GREGSON AVENUE, Salt Lake City, UT 84115$119,163
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,649,696
Investment Income
$0
Other Revenue
$29,897
Change in Net Assets
$1,032,844
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$646,749
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$182,834--$182,834
Other Expenses$22,780--$22,780
Insurance$15,053--$15,053
Fees for Services Legal$6,679--$6,679
Fees for Services Accounting$5,967--$5,967
Fees for Services Other$4,088--$4,088
Office Expenses$2,900--$2,900
Total Functional Expenses$646,749$0$0$646,749
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
Tenant Security Deposits$188,981
Prepaid Rent$3,462
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 Bangerter Crossing LLC
EIN
83-4011046
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
2019
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 (985,000) CONTRIBUTIONS 129,399 _____________ Total (855,601)

FORM 990, PART XII, LINE 2C:

The process has not changed from the prior year.

Raw XML AppendixShowing 400 of 402 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/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt0252081
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0188981
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt13462
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PREPAID RENT
IRS990ScheduleD/TotalBookValueLandBuildingsAmt037300000
IRS990ScheduleD/TotalLiabilityAmt0192443
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 (985,000) CONTRIBUTIONS 129,399 _____________ Total (855,601)
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:
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IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0true
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0NA
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/InvolvedAmt0985000
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt1129399
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
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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/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt026496997
IRS990/TotalAssetsEOYAmt037424620
IRS990/TotalAssetsGrp/BOYAmt026496997
IRS990/TotalAssetsGrp/EOYAmt037424620
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0646749
IRS990/TotalFunctionalExpensesGrp/TotalAmt0646749
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0344929
IRS990/TotalLiabilitiesEOYAmt0236021
IRS990/TotalLiabilitiesGrp/BOYAmt0344929
IRS990/TotalLiabilitiesGrp/EOYAmt0236021
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt026152068
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt037188599
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0646749
IRS990/TotalProgramServiceRevenueAmt01649696
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01679593
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01679593
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt026496997
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt037424620
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt00
IRS990/TypeOfOrganizationOtherInd0X
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/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0SUSAN BOUCHARD
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0VICE PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06172619000
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-05-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0NP Bangerter Crossing LLC
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0C/O AEW CAPITAL MANAGEMENT LP
ReturnHeader/Filer/BusinessNameControlTxt0NPBA
ReturnHeader/Filer/EIN0834011046
ReturnHeader/Filer/InCareOfNm0% AEW CAPITAL MANAGEMENT LP
ReturnHeader/Filer/PhoneNum06172619000
ReturnHeader/Filer/USAddress/AddressLine1Txt0TWO SEAPORT LANE
ReturnHeader/Filer/USAddress/CityNm0BOSTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd0022102021
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PRICEWATERHOUSECOOPERS LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0101 SEAPORT BLVD SUITE 500
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BOSTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd002210
ReturnHeader/PreparerPersonGrp/PhoneNum06175305000
ReturnHeader/PreparerPersonGrp/PreparationDt02022-05-04
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0AMANDA HINES
ReturnHeader/ReturnTs02022-05-11T17:15:37-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0SUSAN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0BOUCHARD
ReturnHeader/TaxPeriodBeginDt02021-01-01

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