GAINEY RANCH TOWN PROPERTIES INC: Form 990, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
GAINEY RANCH TOWN PROPERTIES INC (EIN 33-0847675)
Tax period
2021-07-01 to 2022-06-30
Filed
2023-05-15
IRS object ID
202301359349308325
Schema version
2021v4.2
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2023-05-15T12:18:09-05:00ReturnTs
Tax Period End2022-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN135565207PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1KPMG LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line12323 ROSS AVENUE SUITE 1400AddressLine1Txt
CityDALLASCityNm
State AbbreviationTXStateAbbreviationCd
ZIP752012709ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2021-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN330847675EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1GAINEY RANCH TOWN PROPERTIES INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlGAINBusinessNameControlTxt
Phone9727157400PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line12001 ROSS AVENUE SUITE 3400AddressLine1Txt
CityDALLASCityNm
State AbbreviationTXStateAbbreviationCd
ZIP75201ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonLEE PHEGLEYPersonNm
Person TitleVICE PRESIDENTPersonTitleTxt
Phone9727157400PhoneNum
Signature2023-05-15SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstLEEPersonFirstNm
Person LastPHEGLEYPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonAMY KORONKAPreparerPersonNm
PTINP01214174PTIN
Phone2148402000PhoneNum
Preparation2023-05-15PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer3TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2021TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerLEE PHEGLEYPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line12001 ROSS AVENUE SUITE 3400AddressLine1Txt
CityDALLASCityNm
State AbbreviationTXStateAbbreviationCd
ZIP75201ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$37,443,810GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501cYes (X)Organization501cInd
Website AddressN/AWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1999FormationYr
Legal Domicile StateDELegalDomicileStateCd
Activity Or MissionTO OPERATE AS A TITLE HOLDING CORPORATION WITHIN THE MEANING OF IRC SECTION 501(C)(25) AND HOLD TITLE TO REAL PROPERTY ON BEHALF OF PUBLIC EMPLOYEES' RETIREMENT SYSTEM OF NEVADA.ActivityOrMissionDesc
Contract TerminationYes (X)ContractTerminationInd
Voting Members Governing Body2VotingMembersGoverningBodyCnt
Voting Members Independent2VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers0TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$0PYContributionsGrantsAmt
CY Contributions Grants$0CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$82PYInvestmentIncomeAmt
CY Investment Income-$1,768,350CYInvestmentIncomeAmt
PY Other Revenue$1,876,369PYOtherRevenueAmt
CY Other Revenue$1,879,729CYOtherRevenueAmt
PY Total Revenue$1,876,451PYTotalRevenueAmt
CY Total Revenue$111,379CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$0PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$160,475PYOtherExpensesAmt
CY Other Expenses$141,129CYOtherExpensesAmt
PY Total Expenses$160,475PYTotalExpensesAmt
CY Total Expenses$141,129CYTotalExpensesAmt
PY Revenues Less Expenses$1,715,976PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$29,750CYRevenuesLessExpensesAmt
Total Assets BOY$37,204,610TotalAssetsBOYAmt
Total Assets EOY$185,068TotalAssetsEOYAmt
Total Liabilities BOY$493,693TotalLiabilitiesBOYAmt
Total Liabilities EOY$210,120TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$36,710,917NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY-$25,052NetAssetsOrFundBalancesEOYAmt
MissionNONEMissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
DescGAINEY RANCH TOWN PROPERTIES, INC. OPERATES AS A TITLE HOLDINGCORPORATION WITHIN THE MEANING OF IRC SECTION 501(C)(25) AND HOLDSTITLE TO REAL PROPERTY ON BEHALF OF PUBLIC EMPLOYEES' RETIREMENTSYSTEM OF NEVADA (RETIREMENT SYSTEM). THE ORGANIZATION COLLECTSTHE INCOME FROM THE PROPERTY AND REMITS IT TO THE RETIREMENTSYSTEM.Desc
Described In Section501c30DescribedInSection501c3Ind
Schedule B Required0ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment0ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 Footnote0IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial LiquidationYes (1)PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document20IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee0EmployeeCnt
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members2GoverningBodyVotingMembersCnt
Independent Voting Member2IndependentVotingMemberCnt
Family Or Business RlnYes (1)FamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesYes (1)DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or StockholdersYes (1)MembersOrStockholdersInd
Election Of Board MembersYes (1)ElectionOfBoardMembersInd
Decisions Subject To ApprovaYes (1)DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of Committees0MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy0ConflictOfInterestPolicyInd
Whistleblower Policy0WhistleblowerPolicyInd
Document Retention Policy0DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldAZStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1INVESCO ADVISERS INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone9727157400PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line12001 ROSS AVENUE SUITE 3400AddressLine1Txt
CityDALLASCityNm
State AbbreviationTXStateAbbreviationCd
ZIP75201ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (14 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerInd
R SCOTT DENNIS
DIRECTOR1.0023.00Yes (X)$0$0$0
BETH ZAYICEK
DIRECTOR1.0023.00Yes (X)$0$0$0
MICHAEL KIRBY
PRESIDENT1.0023.00$0$0$0Yes (X)
JASON W GEER
VP/SEC1.0023.00$0$0$0Yes (X)
BERT J CROUCH
VP/ASST SEC1.0023.00$0$0$0Yes (X)
CHRIS CLEGHORN
VP/ASST SEC1.0023.00$0$0$0Yes (X)
JACKSON LAPIN
VP/ASST SEC1.0023.00$0$0$0Yes (X)
PETER FEINBERG
VP/ASST SEC1.0023.00$0$0$0Yes (X)
LEE PHEGLEY
VP/ASST SEC1.0023.00$0$0$0Yes (X)
DUNCAN WALKER
VP/ASST SEC1.0023.00$0$0$0Yes (X)
KEVIN PIROZZOLI
VP/ASST SEC1.0023.00$0$0$0Yes (X)
PERRY CHUDNOFF
VP/ASST SEC1.0023.00$0$0$0Yes (X)
TOM HURST
VP/ASST SEC1.0023.00$0$0$0Yes (X)
HALEY WALDRON
TREASURER/ASST SEC1.0023.00$0$0$0Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
JONES LANG LASALLE AMERICAS INC
PO BOX 95661CHICAGOIL95661MANAGEMENT SERVICES$243,847
INVESCO ADVISERS INC
2001 ROSS AVENUE SUITE 3400DALLASTX75201MANAGEMENT SERVICES$161,886
LEE & ASSOCIATES
3200 EAST CAMELBACK ROAD SUITE 100PHOENIXAZ85018LEASE ADMINISTRATION$145,189
PRO-SERV COMMERCIAL CLEANING
10401 N 32ND STREET SUITE GPHOENIXAZ85028JANITORIAL SERVICES$143,387
OTIS ELEVATOR
1 CARRIER PLACEFARMINGTONCT06032ELEVATOR MAINTENANCE$115,647
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K5CntrctRcvdGreaterThan100KCnt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$157TotalRevenueColumnAmt
Exclusion$157ExclusionAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$3,443,653RealAmt

Less Rental Expenses LessRentalExpensesGrp

FieldValueIRS element (for citing)
Real$1,563,924RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real$1,879,729RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,879,729TotalRevenueColumnAmt
Exclusion$1,879,729ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Other$34,000,000OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Other$35,768,507OtherAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Other-$1,768,507OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column-$1,768,507TotalRevenueColumnAmt
Exclusion-$1,768,507ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$111,379TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$111,379ExclusionAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$141,129TotalAmt
Management And General$141,129ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$141,129TotalAmt
Program Services$0ProgramServicesAmt
Management And General$141,129ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$258,608BOYAmt
EOY$136,988EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$24,740BOYAmt
EOY$25,437EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$21,262BOYAmt
EOY$22,643EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$0LandBldgEquipCostOrOtherBssAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$36,646,071BOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$253,929BOYAmt
EOY$0EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$37,204,610BOYAmt
EOY$185,068EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$357,635BOYAmt
EOY$228,237EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$8,980BOYAmt
EOY-$18,117EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$127,078BOYAmt
EOY$0EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$493,693BOYAmt
EOY$210,120EOYAmt
FieldValueIRS element (for citing)
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind

Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp

FieldValueIRS element (for citing)
BOY$25,570,812BOYAmt
EOY$25,767,752EOYAmt

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

FieldValueIRS element (for citing)
BOY$11,140,105BOYAmt
EOY-$25,792,804EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$36,710,917BOYAmt
EOY-$25,052EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$37,204,610BOYAmt
EOY$185,068EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss-$29,750ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst-$4,905,402NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets-$31,800,817OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS Audited0FSAuditedInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule N IRS990ScheduleN

Disposition Of Assets Detail DispositionOfAssetsDetail (2 entries)

Assets Distri Or Expnss PaidAssetsDistriOrExpnssPaidDescDistributionDistributionDtFair Market Value Of AssetFairMarketValueOfAssetAmtMethod Of FMV DeterminationMethodOfFMVDeterminationTxtEINEINAddress Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdIRC SectionIRCSectionTxt
PUBLIC EMPLOYEES' RETIREMENT SYSTEM OF NEVADA
CASH DISTRIBUTION TO SHAREHOLDER2022-06-28$31,997,757CASH8860213381701 PENNSYLVANIA AVE NW STE 1WASHINGTONDC20006401(A)
ALTURAS GAINEY RANCH LLC
SALE OF REAL PROPERTY2022-06-28$34,000,000PROCEEDS882288627500 E SHORE DRIVE SUITE 120EAGLEID83616LIMITED LIABILITY COMPANY
FieldValueIRS element (for citing)
Director Of Successor20DirectorOfSuccessor2Ind
Employee Of Successor20EmployeeOfSuccessor2Ind
Owner Of Successor20OwnerOfSuccessor2Ind
Receive Compensation20ReceiveCompensation2Ind

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE N, PART IIFormAndLineReferenceDesc
ExplanationDURING THE YEAR ENDED JUNE 30, 2022, GAINEY RANCH TOWN PROPERTIES, INC. SOLD REAL PROPERTY TO A THIRD PARTY. IN ACCORDANCE WITH ITS OPERATION AS A TITLE HOLDING COMPANY DESCRIBED IN IRC SECTION 501(C)(25), GAINEY RANCH TOWN PROPERTIES, INC. MADE CASH DISTRIBUTIONS TO ITS PARENT ENTITY, PUBLIC EMPLOYEES' RETIREMENT SYSTEM OF NEVADA OF THE PROCEEDS FROM THE SALE AND INCOME GENERATED BY ITS INVESTMENT PROPERTY DURING THE YEAR ENDED JUNE 30, 2022. BOTH THE SALE OF THE REAL PROPERTY AND THE DISTRIBUTIONS TO PUBLIC EMPLOYEES' RETIREMENT SYSTEM OF NEVADA ARE REPORTED ON SCHEDULE N, PART II.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (11 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 2ALL OFFICERS AND DIRECTORS OF THE FILING ORGANIZATION HAVE A BUSINESS RELATIONSHIP WITH ONE ANOTHER BY VIRTUE OF THEIR POSITIONS AS OFFICERS, DIRECTORS, AND/OR KEY EMPLOYEES OF INVESCO ADVISERS, INC.
FORM 990, PART VI, SECTION A, LINE 3SEE NARRATIVE BELOW
FORM 990, PART VI, SECTION A, LINE 6SEE NARRATIVE BELOW
FORM 990, PART VI, SECTION A, LINE 7ASEE NARRATIVE BELOW
FORM 990, PART VI, SECTION A, LINE 7BSEE NARRATIVE BELOW
FORM 990, PART VI, SECTION A, LINE 8BGAINEY RANCH TOWN PROPERTIES, INC. DOES NOT HAVE ANY COMMITTEE WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. AS SUCH, NO COMMITTEE MEETING MINUTES OR OTHER DOCUMENTATION HAVE BEEN REQUIRED.
FORM 990, PART VI, SECTION B, LINE 11BSEE NARRATIVE BELOW
FORM 990, PART VI, SECTION C, LINE 19SEE NARRATIVE BELOW
PART VI: GOVERNANCE, MANAGEMENT, AND DISCLOSURELINE 3, 6, 7A, 7B, 11B, 19 GAINEY RANCH TOWN PROPERTIES, INC.'S STOCK IS OWNED 100% BY PUBLIC EMPLOYEES' RETIREMENT SYSTEM OF NEVADA. PUBLIC EMPLOYEES' RETIREMENT SYSTEM OF NEVADA HAS ENGAGED INVESCO REAL ESTATE, AN INDEPENDENT MANAGEMENT COMPANY, TO MANAGE ALL ASPECTS OF THE ENTITY INCLUDING PREPARING THE FINANCIAL STATEMENTS AND TAX RETURNS. PUBLIC EMPLOYEES' RETIREMENT SYSTEM OF NEVADA HAS THE ABILITY TO HIRE AND FIRE THE MANAGEMENT COMPANY AT ANY TIME, AND PUBLIC EMPLOYEES' RETIREMENT SYSTEM OF NEVADA IS ULTIMATELY RESPONSIBLE FOR ALL DECISIONS. INVESCO PERSONNEL HOLD THE OFFICER POSITIONS, BUT PUBLIC EMPLOYEES' RETIREMENT SYSTEM OF NEVADA HAS THE ABILITY TO REMOVE/CHANGE OFFICERS AT ANY TIME. INVESCO ENGAGES A PAID PREPARER TO PREPARE THE TAX RETURN BASED ON FINANCIAL STATEMENTS PROVIDED BY INVESCO. ONCE THE RETURN IS PREPARED, IT IS SENT TO INVESCO FOR REVEIW BY THE ACCOUNTANT ASSIGNED TO THE ENTITY AND THE OFFICER SIGNING THE RETURN. ORGANIZATION DOCUMENTS AND FINANCIAL STATEMENTS RELATED TO THE ENTITY ARE NOT MADE AVAILABLE TO THE PUBLIC.
FORM 990, PART XI, LINE 9:ADDITIONAL PAID-IN CAPITAL 196,940. DISTRIBUTIONS TO SHAREHOLDER -31,997,757.
PART XII: FINANCIAL STATEMENTS AND REPORTINGLINE 2B AN OUTSIDE ACCOUNTING FIRM PERFORMS AN ANNUAL AUDIT ON THE CONSOLIDATED FINANCIAL STATEMENTS OF THE PUBLIC EMPLOYEES' RETIREMENT SYSTEM OF NEVADA'S (PARENT'S) CORE REAL ESTATE PORTOLIO. THE CONSOLIDATED FINANCIAL STATEMENTS INCLUDE THE FINANCIAL INFORMATION FOR GAINEY RANCH TOWN PROPERTIES, INC. (TAXPAYER). HOWEVER, TO ACCOMODATE THE PARENT'S FINANCIAL STATEMENT AUDIT, THE CONSOLIDATED FINANCIAL STATEMENTS OF THE REAL ESTATE PORTFOLIO ARE AUDITED ON THE FICAL YEAR ENDED MARCH 31, WHICH DIFFERS FROM THE TAXPAYER'S FISCAL AND TAX YEAR ENDED JUNE 30.

Schedule R IRS990ScheduleR

Id Disregarded Entities IdDisregardedEntitiesGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line11717 RIDGE APARTMENTS LLCBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line12001 ROSS AVENUE SUITE 3400AddressLine1Txt
CityDALLASCityNm
State AbbreviationTXStateAbbreviationCd
ZIP75201ZIPCd
FieldValueIRS element (for citing)
EIN800949310EIN
Primary ActivitiesREAL ESTATEPrimaryActivitiesTxt
Legal Domicile StateDELegalDomicileStateCd

Direct Controlling Entity Name DirectControllingEntityName

FieldValueIRS element (for citing)
Business Name Line1PERS OF NVBusinessNameLine1Txt

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (17 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdExempt Code SectionExemptCodeSectionTxtBusiness Name Line1DirectControllingEntityName/BusinessNameLine1TxtControlled OrganizationControlledOrganizationIndDirect Controlling NADirectControllingNACd
WOODFIELD REGENCY INC
2001 ROSS AVENUE SUITE 3400DALLASTX75201752512671REAL ESTATEDE501(C)(25)PERS OF NV0
OLDE RALEIGH VILLAGE INC
2001 ROSS AVENUE SUITE 3400DALLASTX75201752560348REAL ESTATETX501(C)(25)PERS OF NV0
VANDERBILT SQUARE INC
2001 ROSS AVENUE SUITE 3400DALLASTX75201752590666REAL ESTATETX501(C)(25)PERS OF NV0
SORRENTO INDUSTRIAL INC
2001 ROSS AVENUE SUITE 3400DALLASTX75201752897375REAL ESTATETX501(C)(25)PERS OF NV0
UPTOWN LAKE APARTMENTS INC
2001 ROSS AVENUE SUITE 3400DALLASTX75201263121962REAL ESTATEDE501(C)(25)PERS OF NV0
BURKE TOWNE CENTER INC
2001 ROSS AVENUE SUITE 3400DALLASTX75201330938893REAL ESTATEDE501(C)(25)PERS OF NV0
PUBLIC EMPLOYEES' RETIREMENT SYST OF NV
1701 PENNSYLVANIA AVE NW STE 1WASHINGTONDC20006886021338INVESTMENTNV401(A)0N/A
UPPER KIRBY APARTMENTS INC
2001 ROSS AVENUE SUITE 3400DALLASTX75201273008817REAL ESTATEDE501(C)(25)PERS OF NV0
EAGAN PROMENADE INC
2001 ROSS AVENUE SUITE 3400DALLASTX75201452134791REAL ESTATEDE501(C)(25)PERS OF NV0
40 BROAD STREET OWNER INC
2001 ROSS AVENUE SUITE 3400DALLASTX75201811102033REAL ESTATEDE501(C)(25)PERS OF NV0
SCOTTSDALE RESIDENCES LLC
2001 ROSS AVENUE SUITE 3400DALLASTX75201813519863REAL ESTATEDE501(C)(25)PERS OF NV0
DOWE INDUSTRIAL OWNER INC
2001 ROSS AVENUE SUITE 3400DALLASTX75201834583337REAL ESTATEDE501(C)(25)PERS OF NV0
CREEKSIDE CRABTREE APARTMENTS INC
2001 ROSS AVENUE SUITE 3400DALLASTX75201843512249REAL ESTATEDE501(C)(25)PERS OF NV0
EDISON OFFICE COMMONS INC
2001 ROSS AVENUE SUITE 3400DALLASTX75201850767863REAL ESTATEDE501(C)(25)PERS OF NV0
PRAIRIE GLEDHILL OWNER LLC
2001 ROSS AVENUE SUITE 3400DALLASTX75201854397657REAL ESTATEDE501(C)(25)PERS OF NV0
RAYMER INDUSTRIAL LLC
2001 ROSS AVENUE SUITE 3400DALLASTX75201854319152REAL ESTATEDE501(C)(25)PERS OF NV0
ADORA ROSEVILLE PROPERTY OWNER
2001 ROSS AVENUE SUITE 3400DALLASTX75201880978037REAL ESTATEDE501(C)(25)PERS OF NV0

Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdDirect Controlling NADirectControllingNACdDisproportionate AllocationsDisproportionateAllocationsIndGeneral Or Managing PartnerGeneralOrManagingPartnerInd
URANIUM DRIVE ASSOCIATES LP
2001 ROSS AVENUE SUITE 3400DALLASTX75201REAL ESTATEDEN/A00
EC OWNER 1 LP
2001 ROSS AVENUE SUITE 3400DALLASTX75201REAL ESTATEDEN/A00
ANTHEM ON ASHLEY OWNER LP
2001 ROSS AVENUE SUITE 3400DALLASTX75201REAL ESTATEDEN/A00

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdDirect Controlling NADirectControllingNACdEntity TypeEntityTypeTxtControlled OrganizationControlledOrganizationInd
EC OWNER GP 1 LLC
2001 ROSS AVENUE SUITE 3400DALLASTX75201471216685REAL ESTATEDEN/AC0
URANIUM DRIVE ASSOCIATES GP LLC
2001 ROSS AVENUE SUITE 3400DALLASTX75201464060949REAL ESTATEDEN/AC0
ANTHEM ON ASHLEY GP LLC
2001 ROSS AVENUE SUITE 3400DALLASTX75201830907689REAL ESTATEDEN/AC0
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org0GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth OrgYes (1)GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other Org0PerformOfServicesByOtherOrgInd
Sharing Of Facilities0SharingOfFacilitiesInd
Paid Employees Sharing0PaidEmployeesSharingInd
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrgInd
Transfer To Other OrgYes (1)TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

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