PFRS Yamato Corp

Address
801 N Brand Blvd No 800
Glendale, CA 91203
Contact
Phone: +1 (818) 545-1152
Nonprofit
NTEE: S47 - Real Estate Organizations
EIN: 38-2975514

Mission

The exclusive purpose of the Corporation is to acquire, hold title to, and collect income from real property only for the Police and Fire Retirement System (PFRS) of the City of Detroit, and to turn over the entire amount of such income less expenses to such Pension Fund.
 201520142013
Basic features of the organization
Year of formation1990
Subsection501(c)
Organization typeCorporation
Metropolitan statistical area4472
Human resources, including compensation
Summary compensation info
Sum of reportable (W2/1099) compensation$0.00$0.00 
Number of employees00 
Number of people compensated >$100k00 
Number of volunteers24 
Number of highly compensated contractors60 
Personnel
Darling, Scott
TitlePresident/Secretary/Director  
Name of key/compensated personScott Darling  
Average hours per week working for org1.00  
Reportable compensation from org$0.00  
Other comp, non-reportable, from org and related orgs$0.00  
PositionIndividual trustee or director, Officer  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00  
Average hours per week working for related orgs0.00  
Gnatek, Matthew
Title Treasurer 
Name of key/compensated person Matthew Gnatek 
Average hours per week working for org 2.00 
Reportable compensation from org $0.00 
Other comp, non-reportable, from org and related orgs $0.00 
Position Individual trustee or director, Officer 
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00 
Helgeson, Kirk
TitleEVP/Asst Secretary/Director  
Name of key/compensated personKirk Helgeson  
Average hours per week working for org1.00  
Reportable compensation from org$0.00  
Other comp, non-reportable, from org and related orgs$0.00  
PositionIndividual trustee or director, Officer  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00  
Average hours per week working for related orgs0.00  
Iezman, Stanley
TitleChairman of the Board/CEO/Trsr/Dir  
Name of key/compensated personStanley L Iezman  
Average hours per week working for org1.00  
Reportable compensation from org$0.00  
Other comp, non-reportable, from org and related orgs$0.00  
PositionIndividual trustee or director, Officer  
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00  
Average hours per week working for related orgs0.00  
Moore, James
Title Secretary 
Name of key/compensated person James Moore 
Average hours per week working for org 2.00 
Reportable compensation from org $0.00 
Other comp, non-reportable, from org and related orgs $0.00 
Position Individual trustee or director, Officer 
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00 
Neary, Sean
Title Vice-President 
Name of key/compensated person Sean Neary 
Average hours per week working for org 2.00 
Reportable compensation from org $0.00 
Other comp, non-reportable, from org and related orgs $0.00 
Position Individual trustee or director, Officer 
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00 
Pegg, Jeffrey
Title President 
Name of key/compensated person Jeffrey M Pegg 
Average hours per week working for org 2.00 
Reportable compensation from org $0.00 
Other comp, non-reportable, from org and related orgs $0.00 
Position Individual trustee or director, Officer 
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00 
Purpose: mission, activities & accomplishments
Mission or significant activitiesExempt Org. Real Estate Holding Corp.Exempt Org. Real Estate Holding Corp. 
Programs, including revenue & expenses
The exclusive purpose of the Corporation is to acquire, hold title to, and collect income from real property only for the Police and Fire Retirement System (PFRS) of the City of Detroit, and to turn over the entire amount of such income less expenses to such Pension Fund.
Program revenue$1,153,936.00$1,426,588.00 
Program descriptionThe exclusive purpose of the Corporation is to acquire, hold title to, and collect income from real property only for the Police and Fire Retirement System (PFRS) of the City of Detroit, and to turn over the entire amount of such income less expenses to such Pension Fund.The exclusive purpose of the Corporation is to acquire, hold title to, and collect income from real property only for the Police and Fire Retirement System (PFRS) of the City of Detroit, and to turn over the entire amount of such income less expenses to such Pension Fund. 
Financial data
Expense categories (totals)
Sum (total functional expenses)$0.00$0.00 
Program services (total functional expenses)$0.00$0.00 
Management & general (total functional expenses)$0.00$0.00 
Fundraising (total functional expenses)$0.00$0.00 
Revenue
Total revenue$2,052,758.00$1,426,721.00 
Program service revenue (total)$0.00$0.00$0.00
Revenue from contributions (total)$0.00$0.00$0.00
Investment income$898,822.00$133.00 
Total unrelated business revenue$0.00$0.00 
Other revenue, current yr$1,153,936.00$1,426,588.00 
Net unrelated business taxable revenue$0.00$0.00 
Total revenue from grants, etc., current yr$0.00$0.00 
Gross receipts$34,868,927.00$3,990,591.00 
Other types of revenue
Income from dividends, interest, and similar investments$168.00$133.00 
Net rental income$1,153,936.00$1,426,588.00$878,870.00
Fees for services
Fundraising service fees (total)$0.00$0.00 
Assets and liabilities
Total assets$1,829,089.00$35,186,149.00$30,838,440.00
Total assets, beginning of year$35,186,149.00$30,838,440.00 
Total liabilities$69,205.00$16,097,753.00$16,067,548.00
Total liabilities, beginning of year$16,097,753.00$16,067,548.00 
Net assets$1,759,884.00$19,088,396.00 
Net assets, beginning of year$19,088,396.00$14,770,892.00 
Other liabilities$12,060.00$318,258.00 
Other assets$0.00$516,853.00 
Other financial variables
Revenue less expenses$2,052,758.00$1,426,721.00 
Savings & temp cash investment$1,386,194.00$1,917,232.00 
Accounts receivable, net$398,616.00$7,343.00 
Prepaid expenses & deferred charges$44,279.00$44,721.00 
Accounts payable & accrued expenses$57,145.00$197,528.00 
Deferred revenue$0.00$281,967.00 
Secured mortgages and notes payable$0.00$15,300,000.00 
Total net assets or fund balances$1,759,884.00$19,088,396.00 
Governance and accountability
Number of voting members34 
Number of independent voting members24 
Financial sheets auditedTrue  
Audit on consolidated basisTrue  
Tax year start date2015-01-012014-01-01 
Tax year end date2015-12-312014-12-31 
Accounting methodAccrualAccrual 
Indicators for schedules (selected)
Business transaction with entity ownerTrue  
Metadata about the filing
E-return type990990 
Reason for form submission
Address change True 
Date e-filing submitted2017-03-042016-01-21 
IRS schema version2015v2.12014v5.0 
Filing identifier201603209349307740201503209349305960 
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