Civic Intelligence

Np Abbey LLC

990 • Fiscal year 2022 • EIN 87-3581094

Jan 01, 2022 to Dec 31, 2022 • Filed on Oct 10, 2023

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

18th percentile

0.01x

Higher debt load relative to assets than 18% of similar nonprofits.

2022 filings • $100M-$250M nonprofits • Source year 2022

Liabilities / Revenue

28th percentile

0.13x

Higher debt load relative to revenue than 28% of similar nonprofits.

2022 filings • $100M-$250M nonprofits • Source year 2022

Net Margin

90th percentile

55%

Higher net margin than 90% of similar nonprofits.

2022 filings • $100M-$250M nonprofits • Source year 2022

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.

2022 filings • $100M-$250M nonprofits • Source year 2022

Asset Growth

58th percentile

0.8%

Faster asset growth than 58% of similar nonprofits.

2022 filings • $100M-$250M nonprofits • Annualized from 2021 to 2022

Revenue Growth

99th percentile

855%

Faster revenue growth than 99% of similar nonprofits.

2022 filings • $100M-$250M nonprofits • Annualized from 2021 to 2022

Assets

Up

$101,424,820

Up $783,893 (+0.8%) from 2021

Net Assets

Up

$100,711,941

Up $253,139 (+0.3%) from 2021

Liabilities

Up

$712,879

Up $530,754 (+291%) from 2021

Revenue

Up

$5,436,233

Up $4,866,745 (+855%) from 2021

Expenses

Up

$2,448,319

Up $2,229,156 (+1017%) from 2021

Net Income

Up

$2,987,914

Up $2,637,589 (+753%) from 2021

Historical Trend

Balance Sheet Trend

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

$150M$100M$50M$0Assets 2021: $100,640,927Liabilities 2021: $182,125Net Assets 2021: $100,458,8022021Assets 2022: $101,424,820Liabilities 2022: $712,879Net Assets 2022: $100,711,9412022Assets 2023: $101,250,279Liabilities 2023: $368,740Net Assets 2023: $100,881,5392023Assets 2024: $101,624,086Liabilities 2024: $241,012Net Assets 2024: $101,383,0742024

Highlighted filing

2022

Assets$101,424,820
Liabilities$712,879
Net Assets$100,711,941

Operations Trend

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

$6.0M$4.0M$2.0M$0Revenue 2021: $569,488Expenses 2021: $219,163Net Income 2021: $350,3252021Revenue 2022: $5,436,233Expenses 2022: $2,448,319Net Income 2022: $2,987,9142022Revenue 2023: $5,825,431Expenses 2023: $2,644,660Net Income 2023: $3,180,7712023Revenue 2024: $5,869,027Expenses 2024: $2,258,092Net Income 2024: $3,610,9352024

Highlighted filing

2022

Revenue$5,436,233
Expenses$2,448,319
Net Income$2,987,914
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Oct 10, 2023
Return Version
2022v5.0
Gross Receipts
$5,436,233
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$100,250,272$100,495,240▲ $244,968
Cap Stk Tr Prin Current Funds$100,108,477$97,373,702▼ $2,734,775
Rtn Earn Endowment Incm Other Fnds$350,325$3,338,239▲ $2,987,914
Cash and Non-Interest-Bearing Accounts$376,798$891,435▲ $514,637
Prepaid Expenses and Deferred Charges$0$21,949▲ $21,949
Accounts Receivable$13,857$5,340▼ $8,517
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$100,640,927$101,424,820▲ $783,893
Other Assets Total$0$10,856▲ $10,856
Liabilities
Accounts Payable and Accrued Expenses$122,266$652,486▲ $530,220
Other Liabilities$41,247$51,568▲ $10,321
Deferred Revenue$18,612$8,825▼ $9,787
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$182,125$712,879▲ $530,754
Net Assets / Fund Balance
Total Net Assets Fund Balance$100,458,802$100,711,941▲ $253,139
Total Liabilities and Net Assets / Fund Balance$100,640,927$101,424,820▲ $783,893

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$100,495,240$0$0
Compensation and Service Providers

Board Members and Trustees

NameTitle
See Schedule OAuthorized Signatories
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$5,433,695
Investment Income
$2,538
Other Revenue
$0
Change in Net Assets
$2,987,914
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,975,652
Salaries, Compensation, and Employee Benefits$472,667
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy---$895,318
Other Salaries and Wages---$472,667
Fees for Services Management---$458,139
Fees for Services Other---$249,014
Advertising---$90,680
Insurance---$80,930
Fees for Services Accounting---$10,365
Office Expenses---$6,669
Other Expenses---$5,468
Fees for Services Legal---$3,827
All Other Expenses---$1,866
Total Functional Expenses$0$0$0$2,448,319
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$51,568
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: carrie a. Bellerby seth e. Berger alec burleigh michael p. Byrne james j. Finnegan jeffrey d. Furber joshua heller jon e. Martin thomas mullahey neal k. Sharma

Filing and Contact Details

Filer

Filer Name
Np Abbey LLC
EIN
87-3581094
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
2023-10-10
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 429,225 distributions (3,164,000) _____________ total (2,734,775)

Form 990 Part IX Line 11G

Description:pm fees total fees:120341

Form 990 Part IX Line 11G

Description:general & administrative total fees:110574

Form 990 Part IX Line 11G

Description:security total fees:17799

Form 990 Part IX Line 11G

Description:non-op prof. - appraisal total fees:300

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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 ALEC BURLEIGH MICHAEL P. BYRNE JAMES J. FINNEGAN JEFFREY D. FURBER JOSHUA HELLER JON E. MARTIN THOMAS MULLAHEY NEAL K. SHARMA
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8DESCRIPTION AMOUNT CONTRIBUTIONS 429,225 DISTRIBUTIONS (3,164,000) _____________ TOTAL (2,734,775)
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9DESCRIPTION:PM FEES TOTAL FEES:120341
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10DESCRIPTION:GENERAL & ADMINISTRATIVE TOTAL FEES:110574
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11DESCRIPTION:SECURITY TOTAL FEES:17799
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12DESCRIPTION:NON-OP PROF. - APPRAISAL TOTAL FEES:300
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:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9FORM 990 PART IX LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10FORM 990 PART IX LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11FORM 990 PART IX LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12FORM 990 PART IX LINE 11G
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0NA
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt17NVPERS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt18NVPERS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt19NVPERS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt20NVPERS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt21NVPERS
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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 CROSBY LLC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt21NP DR PHILLIPS LLC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt22NP 18TH & CHET 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
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN3204569897
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt10501(C)(25)

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