Civic Intelligence

Np Dr Phillips LLC

EIN 87-1032503 • 501(c)25 • Boston, MA

Profile

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).

Two Seaport Lane 15th FloorBoston, MA 02210-2021

n/A

Siviq Scores

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

Liabilities / Assets

17th percentile

0.00x

Higher debt load relative to assets than 17% of similar nonprofits.

$100M-$250M nonprofits • Source year 2024

Liabilities / Revenue

21st percentile

0.05x

Higher debt load relative to revenue than 21% of similar nonprofits.

$100M-$250M nonprofits • Source year 2024

Net Margin

90th percentile

54%

Higher net margin than 90% of similar nonprofits.

$100M-$250M nonprofits • Source year 2024

Top Officer Pay

12th percentile

$0

Higher top officer pay than 12% of similar nonprofits.

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

$100M-$250M nonprofits • Source year 2024

Asset Growth

29th percentile

1.2%

Faster asset growth than 29% of similar nonprofits.

$100M-$250M nonprofits • Annualized from 2023 to 2024

Revenue Growth

24th percentile

-1.2%

Faster revenue growth than 24% of similar nonprofits.

$100M-$250M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets17th percentile

Assets

Up

$118,230,364

Up $1,420,641 (+1.2%) from 2023

Liabilities

Down

$513,757

Down $10,089 (-1.9%) from 2023

Net Assets

Up

$117,716,607

Up $1,430,730 (+1.2%) from 2023

Operations
Liabilities / Revenue21st percentileNet Margin90th percentile

Revenue

Down

$10,230,742

Down $126,414 (-1.2%) from 2023

Expenses

Down

$4,689,787

Down $201,583 (-4.1%) from 2023

Net Income

Up

$5,540,955

Up $75,169 (+1.4%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth29th percentile

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

$150M$100M$50M$0Assets 2021: $115,889,113Liabilities 2021: $465,968Net Assets 2021: $115,423,1452021Assets 2022: $116,332,527Liabilities 2022: $561,643Net Assets 2022: $115,770,8842022Assets 2023: $116,809,723Liabilities 2023: $523,846Net Assets 2023: $116,285,8772023Assets 2024: $118,230,364Liabilities 2024: $513,757Net Assets 2024: $117,716,6072024

Highlighted filing

2024

Assets$118,230,364
Liabilities$513,757
Net Assets$117,716,607
Open 2024 Filing

Operations Trend

Revenue Growth24th percentile

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

$15M$10M$5.0M$0Revenue 2021: $4,660,468Expenses 2021: $2,262,314Net Income 2021: $2,398,1542021Revenue 2022: $9,684,084Expenses 2022: $4,575,713Net Income 2022: $5,108,3712022Revenue 2023: $10,357,156Expenses 2023: $4,891,370Net Income 2023: $5,465,7862023Revenue 2024: $10,230,742Expenses 2024: $4,689,787Net Income 2024: $5,540,9552024

Highlighted filing

2024

Revenue$10,230,742
Expenses$4,689,787
Net Income$5,540,955
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$118,230,364
Liabilities
$513,757
Net assets
$117,716,607
Revenue
$10,230,742
Expenses
$4,689,787
Net income
$5,540,955
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$118$0.51$118$10.2$4.69$5.54
2023Detailed filing. Detailed filing data is available for this year.$117$0.52$116$10.4$4.89$5.47
2022Detailed filing. Detailed filing data is available for this year.$116$0.56$116$9.68$4.58$5.11
2021Detailed filing. Detailed filing data is available for this year.$116$0.47$115$4.66$2.26$2.40
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 9, 2025
Return Version
2024v5.1
Gross Receipts
$10,230,742
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$116,154,455$116,663,592▲ $509,137
Cap Stk Tr Prin Current Funds$103,313,566$99,203,341▼ $4,110,225
Rtn Earn Endowment Incm Other Fnds$12,972,311$18,513,266▲ $5,540,955
Cash and Non-Interest-Bearing Accounts$552,434$1,459,190▲ $906,756
Prepaid Expenses and Deferred Charges$69,848$69,335▼ $513
Accounts Receivable$10,097$15,358▲ $5,261
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$116,809,723$118,230,364▲ $1,420,641
Other Assets Total$22,889$22,889→ $0
Liabilities
Accounts Payable and Accrued Expenses$276,655$268,721▼ $7,934
Other Liabilities$208,600$224,521▲ $15,921
Deferred Revenue$38,591$20,515▼ $18,076
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$523,846$513,757▼ $10,089
Net Assets / Fund Balance
Total Net Assets Fund Balance$116,285,877$117,716,607▲ $1,430,730
Total Liabilities and Net Assets / Fund Balance$116,809,723$118,230,364▲ $1,420,641

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$115,160,774$0$0
Other Land Buildings$1,502,818$0$0
Compensation and Service Providers
Top Officer Pay12th percentile

Board Members and Trustees

NameTitle
See Schedule OAuthorized Signatories

Highest Paid Contractors

ContractorServicesLocationCompensation
Zrs Management LLCProperty Mgmt2001 SUMMIT PARK DRIVE SUITE 300, Orlando, FL 32810$358,331
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$10,199,490
Investment Income
$31,252
Other Revenue
$0
Change in Net Assets
$5,540,955
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,012,948
Salaries, Compensation, and Employee Benefits$676,839
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy---$2,341,143
Other Salaries and Wages---$676,839
Fees for Services Management---$559,776
Fees for Services Other---$451,558
Insurance---$265,350
Advertising---$162,350
Office Expenses---$26,395
Fees for Services Accounting---$18,850
Fees for Services Legal---$8,888
All Other Expenses---$3,557
Other Expenses---$2,859
Total Functional Expenses$0$0$0$4,689,787
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$223,746
Deposits Payable$775
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, 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, 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: 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 Dr Phillips LLC
EIN
87-1032503
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
2025-05-09
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
10

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 558,775 distributions (4,669,000) ____________ total (4,110,225)”

Raw XML AppendixShowing 400 of 681 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/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt012972311
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt018513266
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IRS990ScheduleD/BuildingsGrp/BookValueAmt0115160774
IRS990ScheduleD/BuildingsGrp/DepreciationAmt00
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt0115160774
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01502818
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt01502818
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0223746
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1775
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DEPOSITS PAYABLE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0116663592
IRS990ScheduleD/TotalLiabilityAmt0224521
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: 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 558,775 DISTRIBUTIONS (4,669,000) ____________ TOTAL (4,110,225)
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 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/GiftGrntOrCapContriToOthOrgInd0false
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt1NVPERS
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt20NVPERS
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt26NVPERS
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 SIX FORKS LLC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt8NP QUARRY OAKS III LLC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt9NP CARNEGIE OFFICE HOLDINGS LLC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt10NP PARK 288 LLC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt11NP ATLANTA INFILL INDUSTRIAL LLC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt12NP ROYAL RIDGE LLC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt13NP WINTER PARK LLC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt14NP MINNEAPOLIS INDUSTRIAL LLC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt15NP BRIDGE POINT NORTH LLC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt16NP BANGERTER CROSSING LLC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt17NP SPRAGUE STREET LLC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt18NP LONGHORN LLC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt19NP CROSBY LLC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt20NP 18TH & CHET LLC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt21NP ABBEY LLC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt22NP EAGLE CREEK INDUSTRIAL LLC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt23NP OAK LAWN COMMONS LLC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt24NP DARIEN LLC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt25NP VISTA COMMONS LLC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt26NP LYTLE FARM LLC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0886021338
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1203246082
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN2204099321
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