1@distribution Center Circle Investment Inc
- Assets
- $73.5m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 12/2018
- Data as of
- 12/2021
- EIN
- 82-4114361
Organization Overview
1@distribution Center Circle Investment Inc is located in Dallas, TX. The organization was established in 2018. According to its NTEE Classification (Y02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Mutual & Membership Benefit 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 12/2021, 1@distribution Center Circle Investment Inc generated $1.4m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 0.8% each year.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
1 DISTRIBUTION CENTER CIRCLE INVESTMENT, INC., IS A 501(C)(25) ORGANIZATION. IT WAS ORGANIZED FOR THE EXCLUSIVE PURPOSE OF ACQUIRING REAL PROPERTY, HOLDING TITLE TO AND COLLECTING INCOME FROM SUCH PROPERTY, AND REMITTING THE ENTIRE AMOUNT OF THE INCOME FROM SUCH PROPERTY (LESS EXPENSES) TO THE SHAREHOLDER OF THIS CORPORATION. THE SOLE SHAREHOLDER OF THIS CORPORATION IS THE PUBLIC EMPLOYEES' RETIREMENT ASSOCIATION OF COLORADO, WHICH IS A TAX-EXEMPT PENSION FUND THAT MEETS THE REQUIREMENTS OF SECTION 414(D). ALL DISTRIBUTIONS WERE PAID TO THE PUBLIC EMPLOYEES' RETIREMENT ASSOCIATION OF COLORADO. THIS SHAREHOLDER RECEIVED THE NET INCOME OF 1 DISTRIBUTION CENTER CIRCLE INVESTMENT, INC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ENTITY OPERATED THE REAL ESTATE PROPERTY FOR ITS EXEMPT BENEFICIARY, THE PUBLIC EMPLOYEES' RETIREMENT ASSOCIATION OF COLORADO (EIN: 84-6000472).
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy Mcgarrity Sole Director | OfficerTrustee | 2 | $0 |
Stacie Crown President | Officer | 3 | $0 |
Drue Fitzgerald Vice President | Officer | 5 | $0 |
Peter A Benyo Vice President | Officer | 2 | $0 |
Jennifer Hanson Secretary/treasurer | Officer | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Nrev Management Llc Property Management | 12/30/21 | $203,507 |
Newmark & Company Real Estate Inc Leasing Commission | 12/30/21 | $337,152 |
Lei Corporation Snow Removal; Landscaping | 12/30/21 | $148,110 |
L&b Realty Advisors Llp Asset Management Fee | 12/30/21 | $226,141 |
Financial Statements
| 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 | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,442,434 |
| 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 | $1,442,434 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $0 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $473,758 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $136,032 |
| 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 | $33,312 |
| Net Land, buildings, and equipment | $72,900,000 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $73,543,102 |
| Accounts payable and accrued expenses | $1,791,260 |
| Grants payable | $0 |
| Deferred revenue | $124,281 |
| 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 | $25,650,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $37,750 |
| Total liabilities | $27,603,291 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $25,974,298 |
| Retained earnings, endowment, accumulated income, or other funds | $19,965,513 |
| Total liabilities and net assets/fund balances | $73,543,102 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Bac Local Union 15 Welfare Fund Kansas City, MO | $24,262,115 | $10,907,825 |
United Association Of Plumbers Local No 8 Health & Wefare Plan Fu Kansas City, MO | $17,308,413 | $11,003,032 |
Ibew No 271-Neca Health And Benefit Fund Wichita, KS | $18,940,734 | $10,630,530 |
Jackson Utility Division Benefits Program Trust Jackson, TN | $8,539,572 | $8,659,868 |
Hunter Engineering Company Welfare Plan Trust I Bridgeton, MO | $0 | $7,061,469 |
Atmos Post-Retirement Welfare Benefit Tax-Exempt Trust Dallas, TX | $263,895,658 | $35,456,570 |
Collegiate Association Resource Of The Southwest Inc Irving, TX | $6,119,793 | $8,308,692 |
Mo-Kan Teamsters Health & Welfare Fund Kansas City, MO | $14,649,748 | $10,157,233 |
Arctic Slope Regional Corporation Employee Benefit Trust Dallas, TX | $466,675 | $7,961,256 |
Texas Life Accident Health & Hosp Service Insurance Guaranty Assoc Austin, TX | $70,747,885 | $31,418,906 |
Co Serv Electric Group Health Benefit Plan Tr Corinth, TX | $5,751,398 | $8,478,438 |
Lw Texas Construction Veba Trust Agreement Lubbock, TX | $0 | $8,277,729 |