Sm Ret Wi Inc C/o L&b Realty Advisors Llp

Nonprofit profile at a glance

EIN
873554067
IRS 990 coverage
2021–2021
Forms available
Form 990 2021
Location
Dallas, TX, USA
Phone
2149890800
Rating
21
Verdict
REVIEW
Rating confidence
Limited
Sector
Real Estate Associations

Reported finances

Revenue
$42,646
Expenses
$0
Assets
$7,479,982
Liabilities
$15,186

Source: IRS Form 990. Selected filing: tax year 2021. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • STACIE CROWN (PRESIDENT)
  • PETER A BENYO (VICE PRESIDENT)
  • DRUE FITZGERALD (VICE PRESIDENT)

Highest reported compensation

  • AMY MCGARRITY (SOLE DIRECTOR): $870,641 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2021. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Sm ret wi, 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 sm ret wi, inc.

What it reported doing in 2021

The entity operated the real estate property for its exempt beneficiary, the public employees' retirement association of Colorado (EIN: 84-6000472).

Operating model

Revenue model
Other-operating. 100% of the money available for current operations came from other operating revenue.
Distribution model
No current program activity. The filing reports no program spending for the current year.

The verdict

REVIEW - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of voting board members are independent.

Rating breakdown

  • Financial Efficiency: 0
  • Transparency & Controls: 60
  • Accountability: 16
  • Sustainability: 4
  • Growth: NotEnoughData

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0%; rating input score 0
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 0%; rating input score 0; 9th percentile among comparable filings
  • Governance controls: 3 of 8 controls in place; rating input score 38
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: Limited
  • Total-asset coverage ratio: Limited
  • Liabilities to assets ratio: 0; rating input score 35; 35th percentile among comparable filings
  • Officer compensation ratio: Limited

Growth

  • Program expense growth: Limited
  • Revenue growth: Limited
  • Asset growth: Limited

Details

  • Where the money goes: 0% of revenue deployed
  • Governance: 0 of 1 board members independent · 3 of 8 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $871K · 5 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 11 of 11 current checks pass
  • Schedules: 4 filed schedules · includes executive pay
  • Contacts: How to reach this organization
  • Related organizations: 28 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Mission deployment rate scored 0/100.
  • High — Accountability: Independent voting board scored 0/100.
  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • Moderate — Accountability: Governance controls: 5 of 8 not reported.
  • Moderate — Sustainability: Liabilities to assets ratio scored 35/100.