L&B DEPP-UCEPP 5500 PRESTON RD INC: Form 990, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
L&B DEPP-UCEPP 5500 PRESTON RD INC (EIN 20-1331127)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-05-07
IRS object ID
202541279349302739
Schema version
2024v5.1
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)
Return2025-05-07T13:46:42-05:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN910189318PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1MOSS ADAMS LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line114555 DALLAS PARKWAY STE 300AddressLine1Txt
CityDALLASCityNm
State AbbreviationTXStateAbbreviationCd
ZIP75254ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2024-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN201331127EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1L&B DEPP-UCEPP 5500 PRESTON ROAD INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlL&BDBusinessNameControlTxt
Phone2149890800PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line15910 NORTH CENTRAL EXPY 1200AddressLine1Txt
CityDALLASCityNm
State AbbreviationTXStateAbbreviationCd
ZIP75206ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJENNIFER HANSONPersonNm
Person TitleTREASURER & SECRETARYPersonTitleTxt
Phone2149890800PhoneNum
Signature2025-05-06SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (1)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonSTEVEN TALBOTPreparerPersonNm
PTINP01695427PTIN
Phone9724582296PhoneNum
Preparation2025-05-06PreparationDt
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerCHRISTINE MULLISPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line15910 NORTH CENTRAL EXPY 1200AddressLine1Txt
CityDALLASCityNm
State AbbreviationTXStateAbbreviationCd
ZIP75206ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$5,162,110GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501cYes (X)Organization501cInd
Website AddressN/AWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2004FormationYr
Legal Domicile StateDELegalDomicileStateCd
Activity Or MissionTHE COMPANY IS ORGANIZED FOR THE PURPOSE OF ACQUIRING AND REMITTING THE ENTIRE AMOUNT OF INCOME TO THE TAX-EXEMPT ORGANIZATIONS THAT ARE SHAREHOLDERS IN THE CORPORATION.ActivityOrMissionDesc
Voting Members Governing Body3VotingMembersGoverningBodyCnt
Voting Members Independent3VotingMembersIndependentCnt
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$97,241PYInvestmentIncomeAmt
CY Investment Income$18,920CYInvestmentIncomeAmt
PY Other Revenue$757,477PYOtherRevenueAmt
CY Other Revenue$1,857,219CYOtherRevenueAmt
PY Total Revenue$854,718PYTotalRevenueAmt
CY Total Revenue$1,876,139CYTotalRevenueAmt
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$0PYOtherExpensesAmt
CY Other Expenses$0CYOtherExpensesAmt
PY Total Expenses$0PYTotalExpensesAmt
CY Total Expenses$0CYTotalExpensesAmt
PY Revenues Less Expenses$854,718PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$1,876,139CYRevenuesLessExpensesAmt
Total Assets BOY$64,841,440TotalAssetsBOYAmt
Total Assets EOY$68,998,784TotalAssetsEOYAmt
Total Liabilities BOY$38,755,760TotalLiabilitiesBOYAmt
Total Liabilities EOY$38,307,611TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$26,085,680NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$30,691,173NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTHE COMPANY IS ORGANIZED FOR THE EXCLUSIVE PURPOSE OF ACQUIRING REAL PROPERTY AND REMITTING THE ENTIRE AMOUNT OF INCOME (LESS EXPENSES) FROM SUCH PROPERTY TO THE TAX-EXEMPT ORGANIZATIONS THAT ARE SHAREHOLDERS IN THE CORPORATION. A DETAILED LIST OF SHAREHOLDERS IS AVAILABLE UPON WRITTEN REQUEST BY CONTACTING: JENNIFER HANSON, C/O L&B REALTY ADVISORS LLP, 5910 NORTH CENTRAL EXPRESSWAY, SUITE 1200, DALLAS, TX, 75206.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
DescACQUIRING REAL PROPERTY AND REMITTING THE ENTIRE AMOUNT OF THE INCOME (LESS EXPENSES) FROM SUCH PROPERTY TO THE TAX-EXEMPT ORGANIZATIONS THAT ARE SHAREHOLDERS IN THE CORPORATION.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 EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (1)ConsolidatedAuditFinclStmtInd
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 Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document9IRPDocumentCnt
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
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 Members3GoverningBodyVotingMembersCnt
Independent Voting Member3IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
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 CommitteesYes (1)MinutesOfCommitteesInd
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
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1L&B REALTY ADVISORS LLPBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2149890800PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line15910 NORTH CENTRAL EXPY STE 1200AddressLine1Txt
CityDALLASCityNm
State AbbreviationTXStateAbbreviationCd
ZIP75206ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (5 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
CHRISTINE M MULLIS
CHAIRMAN OF THE BOARD/CEO1.004.00Yes (X)Yes (X)$0$0$0
JENNIFER A HANSON
SECRETARY/TREASURER1.004.00Yes (X)Yes (X)$0$0$0
CORINNE HOFFMAN
VICE PRESIDENT1.001.00Yes (X)Yes (X)$0$0$0
SCOTT CRONISTER
VICE PRESIDENT1.00Yes (X)$0$0$0
MERRILL CURTIS
VICE PRESIDENT1.00Yes (X)$0$0$0
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
HRNCIR CONSTRUCTION LP
8333 DOUGLAS AVE SUITE 140DALLASTX75225CONSTRUCTION$2,468,229
JONES LANG LASALLE AMERICAS INC
33845 TREASURY CENTERCHICAGOIL60694LEASING SERVICES$967,956
YOUNGER PARTNERS DALLAS LLC
14643 DALLAS PARKWAY SUITE 950- LODALLASTX75254LEASING SERVICES$483,978
L&B REALTY ADVISORS DBA IPM
5910 N CENTRAL EXPRESSWAY SUITE 1DALLASTX75206PROPERTY & CONSTRUCTION MANAGEMENT$209,047
CIRRO ENERGY
PO BOX 660004DALLASTX75266ELECTRICITY$168,557
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K5CntrctRcvdGreaterThan100KCnt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$18,920TotalRevenueColumnAmt
Exclusion$18,920ExclusionAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$5,143,190RealAmt

Less Rental Expenses LessRentalExpensesGrp

FieldValueIRS element (for citing)
Real$3,285,971RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real$1,857,219RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,857,219TotalRevenueColumnAmt
Related Or Exempt Func Income$1,857,219RelatedOrExemptFuncIncomeAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,876,139TotalRevenueColumnAmt
Related Or Exempt Func Income$1,857,219RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$18,920ExclusionAmt

Total Functional Expenses TotalFunctionalExpensesGrp

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

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$409,508BOYAmt
EOY$250,752EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$1,072,000BOYAmt
EOY$717,000EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$1,332BOYAmt
EOY$5,307EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$23,708BOYAmt
EOY$25,725EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$68,000,000LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$0LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$63,000,000BOYAmt
EOY$68,000,000EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$334,892BOYAmt
EOY$0EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$64,841,440BOYAmt
EOY$68,998,784EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$1,195,365BOYAmt
EOY$653,462EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$459,449BOYAmt
EOY$507,780EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$37,000,000BOYAmt
EOY$37,000,000EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$100,946BOYAmt
EOY$146,369EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$38,755,760BOYAmt
EOY$38,307,611EOYAmt
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$32,280,608BOYAmt
EOY$36,051,608EOYAmt

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

FieldValueIRS element (for citing)
BOY-$6,194,928BOYAmt
EOY-$5,360,435EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$26,085,680BOYAmt
EOY$30,691,173EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$64,841,440BOYAmt
EOY$68,998,784EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$1,876,139ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$878,182NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$1,851,172OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consolidated Basis Fincl StmtYes (X)ConsolidatedBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule D IRS990ScheduleD

Land LandGrp

FieldValueIRS element (for citing)
Investment Cost Or Other Basis$4,256,883InvestmentCostOrOtherBasisAmt
Book Value$4,256,883BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Investment Cost Or Other Basis$28,910,143InvestmentCostOrOtherBasisAmt
Book Value$28,910,143BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Investment Cost Or Other Basis$63,785InvestmentCostOrOtherBasisAmt
Book Value$63,785BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Investment Cost Or Other Basis$34,769,189InvestmentCostOrOtherBasisAmt
Book Value$34,769,189BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$68,000,000TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)

DescDescAmtAmt
DUE TO OTHERS$92,243
SECURITY DEPOSIT$54,126
FieldValueIRS element (for citing)
Total Liability$146,369TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART X, LINE 2:FormAndLineReferenceDesc
ExplanationTHE PLAN HAS BEEN CLASSIFIED AS A QUALIFIED TRUST UNDER SECTION 401(A) OF THE INTERNAL REVENUE CODE OF 1986 (THE "CODE"), AND THE INVESTMENT MANAGER BELIEVES IT CONTINUES TO COMPLY WITH THE REQUIREMENTS OF SECTION 501(A) OF THE CODE. ACCORDINGLY, THE PLAN IS EXEMPT FROM INCOME TAXES, AND NO INCOME TAX PROVISION IS PROVIDED. IF AN UNCERTAIN INCOME TAX POSITION WERE TO BE IDENTIFIED, THE PLAN WOULD ACCOUNT FOR SUCH IN ACCORDANCE WITH ACCOUNTING STANDARDS CODIFICATION TOPIC 740, INCOME TAXES. ACCOUNTING STANDARDS CODIFICATION TOPIC 740, INCOME TAXES ("ASC 740"), PROVIDES GUIDANCE FOR HOW UNCERTAIN TAX POSITIONS SHOULD BE RECOGNIZED, MEASURED, PRESENTED AND DISCLOSED IN THE FINANCIAL STATEMENTS. ASC 740 REQUIRES THE EVALUATION OF TAX POSITIONS TAKEN IN THE COURSE OF PREPARING THE PLAN'S TAX RETURNS TO DETERMINE WHETHER TAX POSITIONS ARE "MORE-LIKELY-THAN-NOT" OF BEING SUSTAINED BY THE APPLICABLE TAX AUTHORITY. TAX BENEFITS OF POSITIONS NOT DEEMED TO MEET THE "MORE-LIKELY-THAN-NOT" THRESHOLD WOULD BE RECORDED AS A TAX EXPENSE IN THE CURRENT YEAR.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (7 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 6DOW EMPLOYEES' PENSION PLAN (DOW) AND UNION CARBIDE EMPLOYEES' PENSION PLAN (UNION) ARE STOCKHOLDERS OF L&B DEPP-UCEPP 5500 PRESTON ROAD, INC. DOW OWNS 60% AND UNION OWNS 40%. THESE SHARES ARE COMMON STOCK WITH VOTING RIGHTS.
FORM 990, PART VI, SECTION A, LINE 7ATHERE ARE THREE BOARD MEMBERS WITH VOTING RIGHTS. THE ORGANIZATION'S TWO STOCKHOLDERS ALSO HAVE VOTING RIGHTS AS PART OF THE GOVERNING BOARD, INCLUDING THE APPOINTMENT OF DIRECTORS. THE MEMBERS OF THE GOVERNING BOARD ELECT OFFICERS AND APPROVE PREVIOUSLY ELECTED OFFICERS ANNUALLY.
FORM 990, PART VI, SECTION A, LINE 7BTHE DIRECTORS MUST APPROVE ALL MAJOR DECISIONS MADE BY THE OFFICERS.
FORM 990, PART VI, SECTION B, LINE 11BA COPY OF THE FORM 990 IS PROVIDED TO THE OFFICERS AND MEMBERS OF THE GOVERNING BOARD ALONG WITH A FORMALIZED CHECKLIST TO AID IN THE REVIEW PROCESS. THIS REVIEW IS COMPLETED PRIOR TO FILING OF THIS FORM.
FORM 990, PART VI, SECTION B, LINE 12L&B REALTY ADVISORS, LLP, IS ENGAGED AS A MANAGEMENT COMPANY FOR THIS PROJECT AND HAS WRITTEN POLICIES IN PLACE FOR THE FOLLOWING: CONFLICT OF INTEREST, COMPLIANCE, WHISTLEBLOWER, DOCUMENT RETENTION AND DESTRUCTION, AND COMPENSATION. THE OFFICERS OF L&B DEPP-UCEPP 5500 PRESTON ROAD, INC., ARE EMPLOYEES OF L&B REALTY ADVISORS, LLP, AND, THEREFORE, FOLLOW THESE POLICIES.
FORM 990, PART VI, SECTION C, LINE 19THE ORGANIZATION MAKES AVAILABLE TO THE PUBLIC ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS UPON REQUEST TO: JENNIFER HANSON L&B REALTY ADVISORS, LLP 5910 NORTH CENTRAL EXPRESSWAY, SUITE #1200 DALLAS, TX 75206
FORM 990, PART XI, LINE 9:DISTRIBUTIONS TO DEPP AND UCEPP ($2,038,758) -1,919,828. LESS ASSET MANAGEMENT FEES ($118,930) CONTRIBUTIONS FROM DEPP AND UCEPP 3,771,000.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (4 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdExempt Code SectionExemptCodeSectionTxtPublic Charity StatusPublicCharityStatusTxtDirect Controlling NADirectControllingNACdControlled OrganizationControlledOrganizationInd
DOW EMPLOYEES' PENSION PLAN
2030 DOW CENTERMIDLANDMI48674386184045PENSION PLANDE501(C)(18)N/AN/A0
UNION CARBIDE EMPLOYEES' PENSION PLAN
2030 DOW CENTERMIDLANDMI48674136076164PENSION PLANDE501(C)(18)N/AN/A0
L&B DEPP INC
5910 N CENTRAL EXPWY STE 1200DALLASTX75206752847878REAL ESTATEDE501(C)(25)N/AN/A0
L&B UCEPP INC
5910 N CENTRAL EXPWY STE 1200DALLASTX75206201903956REAL ESTATEDE501(C)(25)N/AN/A0

Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp (5 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdDirect Controlling NADirectControllingNACdDisproportionate AllocationsDisproportionateAllocationsIndGeneral Or Managing PartnerGeneralOrManagingPartnerInd
L&B DEPP INWOOD VILLAGE LP
5910 N CENTRAL EXPWY STE 1200DALLASTX75206200209789REAL ESTATETXN/A00
L&B SENIOR CARE STRATEGY LLC
5910 N CENTRAL EXPWY STE 1200DALLASTX75206800965579REAL ESTATEDEN/A00
L&B SENIOR CARE STRATEGY SERIES 1 LLC
5910 N CENTRAL EXPWY STE 1200DALLASTX75206472579860REAL ESTATEDEN/A00
L&B SENIOR CARE STRATEGY SERIES 2 LLC
5910 N CENTRAL EXPWY STE 1200DALLASTX75206472593572REAL ESTATEDEN/A00
L&B UCEPPRHPT FORUM LLC
5910 N CENTRAL EXPWY STE 1200DALLASTX75206901017381REAL ESTATEDEN/A00
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org0GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
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 OrgYes (1)TransferFromOtherOrgInd

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