Civic Intelligence

Np Crosby LLC

990 • Fiscal year 2023 • EIN 86-3384698

Jan 01, 2023 to Dec 31, 2023 • Filed on Apr 25, 2024

Two Seaport Lane 15th FloorBoston, MA 02210-2021

(617) 261-9000

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

31st percentile

0.03x

Higher debt load relative to assets than 31% of similar nonprofits.

2023 filings • $50M-$100M nonprofits • Source year 2023

Liabilities / Revenue

52nd percentile

0.34x

Higher debt load relative to revenue than 52% of similar nonprofits.

2023 filings • $50M-$100M nonprofits • Source year 2023

Net Margin

86th percentile

41%

Higher net margin than 86% of similar nonprofits.

2023 filings • $50M-$100M nonprofits • Source year 2023

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.

2023 filings • $50M-$100M nonprofits • Source year 2023

Asset Growth

31st percentile

0.5%

Faster asset growth than 31% of similar nonprofits.

2023 filings • $50M-$100M nonprofits • Annualized from 2022 to 2023

Revenue Growth

36th percentile

-1.5%

Faster revenue growth than 36% of similar nonprofits.

2023 filings • $50M-$100M nonprofits • Annualized from 2022 to 2023

Assets

Up

$79,095,336

Up $361,061 (+0.5%) from 2022

Net Assets

Up

$76,810,927

Up $540,706 (+0.7%) from 2022

Liabilities

Down

$2,284,409

Down $179,645 (-7.3%) from 2022

Revenue

Down

$6,627,376

Down $103,031 (-1.5%) from 2022

Expenses

Down

$3,933,473

Down $207,277 (-5.0%) from 2022

Net Income

Up

$2,693,903

Up $104,246 (+4.0%) from 2022

Historical Trend

Balance Sheet Trend

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

$80M$60M$40M$20M$0Assets 2021: $77,656,488Liabilities 2021: $1,889,714Net Assets 2021: $75,766,7742021Assets 2022: $78,734,275Liabilities 2022: $2,464,054Net Assets 2022: $76,270,2212022Assets 2023: $79,095,336Liabilities 2023: $2,284,409Net Assets 2023: $76,810,9272023Assets 2024: $79,157,079Liabilities 2024: $2,155,074Net Assets 2024: $77,002,0052024

Highlighted filing

2023

Assets$79,095,336
Liabilities$2,284,409
Net Assets$76,810,927

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0Revenue 2021: $4,230,877Expenses 2021: $2,443,877Net Income 2021: $1,787,0002021Revenue 2022: $6,730,407Expenses 2022: $4,140,750Net Income 2022: $2,589,6572022Revenue 2023: $6,627,376Expenses 2023: $3,933,473Net Income 2023: $2,693,9032023Revenue 2024: $7,410,997Expenses 2024: $3,950,858Net Income 2024: $3,460,1392024

Highlighted filing

2023

Revenue$6,627,376
Expenses$3,933,473
Net Income$2,693,903
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Apr 25, 2024
Return Version
2023v5.0
Gross Receipts
$9,360,382
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$75,547,387$76,157,425▲ $610,038
Cap Stk Tr Prin Current Funds$71,907,308$69,754,111▼ $2,153,197
Rtn Earn Endowment Incm Other Fnds$4,362,913$7,056,816▲ $2,693,903
Cash and Non-Interest-Bearing Accounts$3,114,779$2,622,014▼ $492,765
Accounts Receivable$24,910$42,535▲ $17,625
Prepaid Expenses and Deferred Charges$32,369$36,419▲ $4,050
Savings and Temporary Cash Investments$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
Pd in Cap Srpls Land Bldg Eqp Fund$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$78,734,275$79,095,336▲ $361,061
Other Assets Total$14,830$236,943▲ $222,113
Liabilities
Accounts Payable and Accrued Expenses$2,172,368$2,142,524▼ $29,844
Other Liabilities$267,363$113,039▼ $154,324
Deferred Revenue$24,323$28,846▲ $4,523
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$2,464,054$2,284,409▼ $179,645
Net Assets / Fund Balance
Total Net Assets Fund Balance$76,270,221$76,810,927▲ $540,706
Total Liabilities and Net Assets / Fund Balance$78,734,275$79,095,336▲ $361,061

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$76,095,532$0$0
Other Land Buildings$61,893$0$0
Compensation and Service Providers

Board Members and Trustees

NameTitle
See Schedule OAuthorized Signatories

Highest Paid Contractors

ContractorServicesLocationCompensation
ZRS Management LLCManagement Company2001 Summit Park Drive Suite 300, Orlando, FL 32810$265,225
Impact Floors of Texas LPCarpet & FlooringPO Box 670658, Dallas, TX 75267$242,849
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$6,817,662
Investment Income
$-190,286
Other Revenue
$0
Change in Net Assets
$2,693,903
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,311,982
Salaries, Compensation, and Employee Benefits$621,491
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy---$2,205,927
Other Salaries and Wages---$621,491
Fees for Services Management---$380,193
Advertising---$245,102
Fees for Services Other---$209,771
Insurance---$132,231
Fees for Services Accounting---$35,672
Other Expenses---$30,110
Fees for Services Legal---$6,715
Office Expenses---$4,974
Total Functional Expenses$0$0$0$3,933,473
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$113,039
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
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
Yes
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

FORM 990, PART VI, 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, bdo usa.

FORM 990, PART VI, SECTION B, LINE 15A & 15B:

The organization has no employees.

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 VII, SECTION A, LINE 1A:

Authorized signatories: james j. Finnegan until 03/31/2023 jeffrey d. Furber until 03/31/2023 joshua heller until 03/31/2023 carrie a. Bellerby seth e. Berger kevin breen alec d. Burleigh michael p. Byrne sara a. Cassidy jonathan e. Martin thomas e. Mullahey lauren o'neil neal k. Sharma

Filing and Contact Details

Filer

Filer Name
Np Crosby LLC
EIN
86-3384698
In Care Of
% MINDY FITZPATRICK
Phone
6172619000
Address
TWO SEAPORT LANE 15TH FLOOR, Boston, MA 02210-2021

Signing Officer

Name
mindy fitzpatrick
Title
Vice President
Phone
6172619000
Signed
2024-04-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
mindy fitzpatrick
Formed
2021
Legal Domicile
De
Voting Board Members
0
Independent Board Members
0
Employees
0
Volunteers
13

Preparer

Firm
Bdo USA
Address
ONE INTERNATIONAL PLACE, BOSTON, MA 02110
Preparer
Brian Vigneault
Phone
6174220700
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Description amount contributions 396,039 distributions (2,549,236) _____________ total (2,153,197)

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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/BuildingsGrp/InvestmentCostOrOtherBasisAmt076095532
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt061893
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt061893
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0113039
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSITS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt076157425
IRS990ScheduleD/TotalLiabilityAmt0113039
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'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/ExplanationTxt3THE ORGANIZATION HAS NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION'S FINANCIAL STATEMENTS ARE PREPARED BY ITS FINANCIAL REPORTING AND TAX DEPARTMENT. FORM 990 IS PREPARED BY A PAID PREPARER, BDO USA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION HAS NO EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6INFORMATION ABOUT THE ORGANIZATION'S INVESTMENT PROGRAMS AND THE FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC ON THEIR WEBSITE: WWW.NVPERS.ORG
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7AUTHORIZED SIGNATORIES: JAMES J. FINNEGAN UNTIL 03/31/2023 JEFFREY D. FURBER UNTIL 03/31/2023 JOSHUA HELLER UNTIL 03/31/2023 CARRIE A. BELLERBY SETH E. BERGER KEVIN BREEN ALEC D. BURLEIGH MICHAEL P. BYRNE SARA A. CASSIDY JONATHAN E. MARTIN THOMAS E. MULLAHEY LAUREN O'NEIL NEAL K. SHARMA
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8DESCRIPTION AMOUNT CONTRIBUTIONS 396,039 DISTRIBUTIONS (2,549,236) _____________ TOTAL (2,153,197)
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, LINE 3:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 6:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7A:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION A, LINE 8B:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 11:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 15A & 15B:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART VII, SECTION A, LINE 1A:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART XI, LINE 9:
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IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
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IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0NA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt1NVPERS
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt12NVPERS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt13NVPERS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt14NVPERS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt15NVPERS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt16NVPERS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt17NVPERS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt18NVPERS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt19NVPERS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt20NVPERS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt21NVPERS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt22NVPERS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt23NVPERS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt24NVPERS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0PUBLIC EMPL' RTRMT SYS OF NV
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1NP MUSEUM GARDENS LLC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2NP PARC CHATEAUX LLC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt3NP 500 MILWAUKEE LLC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt4NP MACHINE WORKS LLC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt5NP 21301 FERRERO PARKWAY LLC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt6NP WATERFRONT PLACE LLC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt7NP PARKWOOD POINT LLC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt8NP SIX FORKS LLC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt9NP QUARRY OAKS III LLC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt10NP CARNEGIE OFFICE HOLDINGS LLC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt11NP PARK 288 LLC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt12NP ATLANTA INFILL INDUSTRIAL LLC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt13NP ROYAL RIDGE LLC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt14NP WINTER PARK LLC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt15NP MINNEAPOLIS IND LLC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt16NP BRIDGE POINT NORTH LLC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt17NP BANGERTER CROSSING LLC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt18NP SPRAGUE STREET LLC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt19NP LONGHORN LLC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt20NP DR PHILLIPS LLC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt21NP 18TH & CHET LLC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt22NP Abbey LLC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt23NP Eagle Creek Industrial LLC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt24NP OAK LAWN COMMONS LLC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0886021338
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1203246082
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN2204099321
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN22873581094
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0401(A)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501(C)(25)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt2501(C)(25)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt3501(C)(25)

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