Np Park 288 Llc is located in Boston, MA. The organization was established in 2018. According to its NTEE Classification (S47) the organization is classified as: Real Estate Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 12/2022, Np Park 288 Llc generated $5.8m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $2.8m during the year ending 12/2022. While expenses have increased by 3.0% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TITLE HOLDING COMPANY FOR REAL PROPERTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
| Vendor Name (Service) | Service Year | Compensation | 
|---|---|---|
| Transwestern Real Estate | 12/30/21 | $280,140 | 
| B Bell Builders Construction | 12/30/21 | $102,042 | 
| Cushman Wakefield Real Estate | 12/30/21 | $230,556 | 
| K2 Biolabs Research | 12/30/21 | $171,268 | 
| Marsh Usa Insurance | 12/30/21 | $102,699 | 
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 | 
| Membership dues | $0 | 
| Fundraising events | $0 | 
| Related organizations | $0 | 
| Government grants | $0 | 
| All other contributions, gifts, grants, and similar amounts not included above | $0 | 
| Noncash contributions included in lines 1a–1f | $0 | 
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 | 
| Total Program Service Revenue | $5,820,583 | 
| Investment income | $7,471 | 
| Tax Exempt Bond Proceeds | $0 | 
| Royalties | $0 | 
| Net Rental Income | $0 | 
| Net Gain/Loss on Asset Sales | $0 | 
| Net Income from Fundraising Events | $0 | 
| Net Income from Gaming Activities | $0 | 
| Net Income from Sales of Inventory | $0 | 
| Miscellaneous Revenue | $0 | 
| Total Revenue | $5,828,054 | 
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 | 
| Grants and other assistance to domestic individuals. | $0 | 
| Grants and other assistance to Foreign Orgs/Individuals | $0 | 
| Benefits paid to or for members | $0 | 
| Compensation of current officers, directors, key employees. | $0 | 
| Compensation of current officers, directors, key employees. | $0 | 
| Compensation to disqualified persons | $0 | 
| Other salaries and wages | $0 | 
| Pension plan accruals and contributions | $0 | 
| Other employee benefits | $0 | 
| Payroll taxes | $0 | 
| Fees for services: Management | $336,867 | 
| Fees for services: Legal | $6,977 | 
| Fees for services: Accounting | $8,452 | 
| Fees for services: Lobbying | $0 | 
| Fees for services: Fundraising | $0 | 
| Fees for services: Investment Management | $0 | 
| Fees for services: Other | $226,761 | 
| Advertising and promotion | $2,273 | 
| Office expenses | $3,444 | 
| Information technology | $0 | 
| Royalties | $0 | 
| Occupancy | $2,120,993 | 
| Travel | $0 | 
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 | 
| Conferences, conventions, and meetings | $0 | 
| Interest | $0 | 
| Payments to affiliates | $0 | 
| Depreciation, depletion, and amortization | $0 | 
| Insurance | $93,533 | 
| All other expenses | $0 | 
| Total functional expenses | $2,841,796 | 
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 | 
| Savings and temporary cash investments | $1,327,367 | 
| Pledges and grants receivable | $0 | 
| Accounts receivable, net | $100,840 | 
| Loans from Officers, Directors, or Controlling Persons | $0 | 
| Loans from Disqualified Persons | $0 | 
| Notes and loans receivable | $0 | 
| Inventories for sale or use | $0 | 
| Prepaid expenses and deferred charges | $28,577 | 
| Net Land, buildings, and equipment | $51,585,072 | 
| Investments—publicly traded securities | $0 | 
| Investments—other securities | $0 | 
| Investments—program-related | $0 | 
| Intangible assets | $0 | 
| Other assets | $2,803 | 
| Total assets | $53,044,659 | 
| Accounts payable and accrued expenses | $2,167,590 | 
| Grants payable | $0 | 
| Deferred revenue | $8,552 | 
| Tax-exempt bond liabilities | $0 | 
| Escrow or custodial account liability | $0 | 
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 | 
| Secured mortgages and notes payable | $0 | 
| Unsecured mortgages and notes payable | $0 | 
| Other liabilities | $323,989 | 
| Total liabilities | $2,500,131 | 
| Net assets without donor restrictions | $0 | 
| Net assets with donor restrictions | $0 | 
| Capital stock or trust principal, or current funds | $32,879,573 | 
| Paid-in or capital surplus, or land, building, or equipment fund | $0 | 
| Retained earnings, endowment, accumulated income, or other funds | $17,664,955 | 
| Total liabilities and net assets/fund balances | $53,044,659 |