Civic Intelligence

Np Abbey LLC

990 • Fiscal year 2023 • EIN 87-3581094

Jan 01, 2023 to Dec 31, 2023 • Filed on Apr 24, 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

16th percentile

0.00x

Higher debt load relative to assets than 16% of similar nonprofits.

2023 filings • $100M-$250M nonprofits • Source year 2023

Liabilities / Revenue

20th percentile

0.06x

Higher debt load relative to revenue than 20% of similar nonprofits.

2023 filings • $100M-$250M nonprofits • Source year 2023

Net Margin

92nd percentile

55%

Higher net margin than 92% of similar nonprofits.

2023 filings • $100M-$250M nonprofits • Source year 2023

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.

2023 filings • $100M-$250M nonprofits • Source year 2023

Asset Growth

27th percentile

-0.2%

Faster asset growth than 27% of similar nonprofits.

2023 filings • $100M-$250M nonprofits • Annualized from 2022 to 2023

Revenue Growth

55th percentile

7.2%

Faster revenue growth than 55% of similar nonprofits.

2023 filings • $100M-$250M nonprofits • Annualized from 2022 to 2023

Assets

Down

$101,250,279

Down $174,541 (-0.2%) from 2022

Net Assets

Up

$100,881,539

Up $169,598 (+0.2%) from 2022

Liabilities

Down

$368,740

Down $344,139 (-48%) from 2022

Revenue

Up

$5,825,431

Up $389,198 (+7.2%) from 2022

Expenses

Up

$2,644,660

Up $196,341 (+8.0%) from 2022

Net Income

Up

$3,180,771

Up $192,857 (+6.5%) from 2022

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

2023

Assets$101,250,279
Liabilities$368,740
Net Assets$100,881,539

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

2023

Revenue$5,825,431
Expenses$2,644,660
Net Income$3,180,771
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Apr 24, 2024
Return Version
2023v5.0
Gross Receipts
$5,825,431
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$100,495,240$100,663,895▲ $168,655
Cap Stk Tr Prin Current Funds$97,373,702$94,362,529▼ $3,011,173
Rtn Earn Endowment Incm Other Fnds$3,338,239$6,519,010▲ $3,180,771
Cash and Non-Interest-Bearing Accounts$891,435$545,856▼ $345,579
Prepaid Expenses and Deferred Charges$21,949$40,258▲ $18,309
Accounts Receivable$5,340$270▼ $5,070
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$101,424,820$101,250,279▼ $174,541
Other Assets Total$10,856$0▼ $10,856
Liabilities
Accounts Payable and Accrued Expenses$652,486$293,039▼ $359,447
Other Liabilities$51,568$64,165▲ $12,597
Deferred Revenue$8,825$11,536▲ $2,711
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$712,879$368,740▼ $344,139
Net Assets / Fund Balance
Total Net Assets Fund Balance$100,711,941$100,881,539▲ $169,598
Total Liabilities and Net Assets / Fund Balance$101,424,820$101,250,279▼ $174,541

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$100,663,895$0$0
Compensation and Service Providers

Board Members and Trustees

NameTitle
See Schedule OAuthorized Signatories

Highest Paid Contractors

ContractorServicesLocationCompensation
Rivergate KW Management LLCProperty Management8200 NW 33 Road Street Suite 303, Miami, FL 33122$639,190
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$5,814,657
Investment Income
$10,774
Other Revenue
$0
Change in Net Assets
$3,180,771
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,140,040
Salaries, Compensation, and Employee Benefits$504,620
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy---$1,182,135
Other Salaries and Wages---$504,620
Fees for Services Management---$380,804
Fees for Services Other---$285,588
Insurance---$90,423
Advertising---$89,785
Fees for Services Accounting---$17,412
Office Expenses---$5,021
Fees for Services Legal---$4,556
All Other Expenses---$2,000
Other Expenses---$1,560
Total Functional Expenses$0$0$0$2,644,660
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$62,763
Other Liabilities$1,402
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 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
2024-04-24
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 403,089 distributions (3,414,262) _____________ total (3,011,173)

Form 990 Part IX Line 11G

Description:pm fees total fees:149576

Form 990 Part IX Line 11G

Description:general & administrative total fees:111450

Form 990 Part IX Line 11G

Description:security total fees:17012

Form 990 Part IX Line 11G

Description:non-op prof. - appraisal total fees:7550

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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1OTHER LIABILITIES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0100663895
IRS990ScheduleD/TotalLiabilityAmt064165
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 403,089 DISTRIBUTIONS (3,414,262) _____________ TOTAL (3,011,173)
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9DESCRIPTION:PM FEES TOTAL FEES:149576
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10DESCRIPTION:GENERAL & ADMINISTRATIVE TOTAL FEES:111450
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11DESCRIPTION:SECURITY TOTAL FEES:17012
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12DESCRIPTION:NON-OP PROF. - APPRAISAL TOTAL FEES:7550
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/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
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501(C)(25)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt2501(C)(25)

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