Organizations Filed Purposes:
5 NORTH FIFTH STREET CORPORATION IS A WHOLLY-OWNED SUBSIDIARY OF THE PENNSYLVANIA PUBLIC SCHOOL EMPLOYEES' RETIREMENT SYSTEM (PSERS) THAT WAS FORMED UNDER IRC SECTION 501(C)(25) FOR THE PURPOSE OF ACQUIRING, HOLDING TITLE TO, AND COLLECTING INCOME FROM REAL PROPERTY LOCATED AT 5 NORTH FIFTH STREET IN HARRISBURG, PENNSYLVANIA. 5 NORTH FIFTH STREET CORPORATION REMITS THE ENTIRE AMOUNT OF INCOME FROM SUCH PROPERTY (LESS EXPENSES) TO ITS SOLE-SHAREHOLDER, THE PENNSYLVANIA PUBLIC SCHOOL EMPLOYEES' RETIREMENT SYSTEM, A QUALIFIED PENSION PLAN AS DEFINED IN IRC SECTION 401(A).
THE ORGANIZATION WAS FORMED FOR THE PURPOSE OF ACQUIRING, HOLDING TITLE TO AND COLLECTING INCOME FROM REAL PROPERTY LOCATED AT 5 NORTH FIFTH STREET IN HARRISBURG, PENNSYLVANIA.
DURING 2014, THE ORGANIZATION REPORTED NET RENTAL INCOME OF $963,728 FROM THE 5 NORTH FIFTH STREET COMMERCIAL REAL ESTATE BUILDING. DURING 2014, ADDITIONS AND IMPROVEMENTS TO THE REAL ESTATE INVESTMENT HELD BY THE ORGANIZATION TOTALED $462,367. DURING 2014, DISTRIBUTIONS TO THE PENNSYLVANIA PUBLIC SCHOOL EMPLOYEES' RETIREMENT SYSTEM FROM THE ORGANIZATION TOTALED $937,913.
Executives Listed on Filing
Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing
| Name | Title | Hours Per Week | Total Salary |
|---|
| Alexia K Gottschalch | PRESIDENT | 1 | $0 |
| Laurann H Stepp | DIRECTOR | 1 | $0 |
| Shawn C Lese | VICE PRESIDENT, ASSISTANT SECRETARY | 1 | $0 |
| Bruce M Ambler Jr | EXECUTIVE VP, SECRETARY, TREASURER | 1 | $0 |
| James H Grossman Jr | DIRECTOR | 1 | $0 |
| Charles J Spiller | DIRECTOR | 1 | $0 |
Data for this page was sourced from XML published by IRS (
public 990 form dataset) from:
https://s3.amazonaws.com/irs-form-990/201522039349300402_public.xml