TY 2022 Form 990 Schedule O

efile Public Visual Render ObjectId: 202312019349301106 - Submission: 2023-07-20 TIN: 94-3211759

SCHEDULE O
(Form 990)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
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Attach to Form 990 or 990-EZ.
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Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2022

Open to Public
Inspection

Name of the organization

THE COMMONS AT WILLOWBROOK INC
C/O L&B REALTY ADVISORS LLP

Employer identification number

94-3211759

Return Reference	Explanation
FORM 990, PART VI, SECTION A, LINE 6	THE ALASKA PERMANENT FUND (TAX ID NUMBER 92-6001185) IS THE ORGANIZATION'S EXEMPT SHAREHOLDER.
FORM 990, PART VI, SECTION A, LINE 7A	THE ORGANIZATION'S SHAREHOLDER ALSO HAS VOTING RIGHTS AS PART OF THE GOVERNING BOARD, AND APPROVES 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 7B	THE ALASKA PERMANENT FUND, THE EXEMPT SHAREHOLDER AND BENEFICIARY OF THIS TAX-EXEMPT ORGANIZATION, MAKES ALL THE MAJOR MANAGEMENT DECISIIONS.
FORM 990, PART VI, SECTION A, LINE 8B	THERE ARE NO COMMITTEES THAT HAVE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
FORM 990, PART VI, SECTION B, LINE 11B	A 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.
FORM 990, PART VI, SECTION B, LINE 12	L&B REALTY ADVISORS, LLP IS ENGAGED AS A MANAGEMENT COMPANY FOR THIS ORGANIZATION AND HAS WRITTEN POLICIES IN PLACE FOR THE FOLLOWING: CONFLICT OF INTEREST, COMPLIANCE, WHISTLEBLOWER, DOCUMENT RETENTION AND DESTRUCTION, AND COMPENSATION. THE OFFICERS OF THE COMMONS AT WILLOWBROOK, INC. ARE EMPLOYEES OF L&B REALTY ADVISORS, LLP AND THEREFORE FOLLOW THESE POLICIES.
FORM 990, PART VI, SECTION C, LINE 19	THE ORGANIZATION MAKES AVAILABLE TO THE PUBLIC ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS UPON REQUEST TO: THE DIRECTOR OF PROPERTY REPORTING, L&B REALTY ADVISORS, LLP, 5910 N. CENTRAL EXPRESSWAY, SUITE 1200, DALLAS, TX 75206. FORM 990, PART VII, SECTION A, LINE 5: THE OWNER OF THE COMMONS AT WILLOWBROOK, INC. PAYS A MANAGEMENT FEE TO L&B REALTY ADVISORS, LLP. L&B REALTY ADVISORS, LLP PAYS THE OFFICERS OF THE COMMONS AT WILLOWBROOK, INC. L&B REALTY ADVISORS, LLP IS A MANAGEMENT COMPANY AND THEREFORE PAYS THE EMPLOYEES TO MANAGE ENTITIES WHICH INCLUDES THIS NON-PROFIT. THE COMPENSATION IS PAID TO COVER ALL OF THEIR ENTITIES, BOTH FOR PROFIT AND NON-PROFIT, AND IS NOT EXCLUSIVELY SEPARATED BY ENTITY. ADDITIONAL DETAIL IS AVAILABLE UPON REQUEST TO: THE DIRECTOR OF PROPERTY REPORTING, L&B REALTY ADVISORS, LLP, 5910 NORTH CENTRAL EXPRESSWAY, SUITE 1200, DALLAS, TX 75206.
FORM 990, PART XI, LINE 9:	2022 DISTRIBUTIONS -3,041,008.

Return Reference

Explanation

FORM 990, PART VI, SECTION A, LINE 6

THE ALASKA PERMANENT FUND (TAX ID NUMBER 92-6001185) IS THE ORGANIZATION'S EXEMPT SHAREHOLDER.

FORM 990, PART VI, SECTION A, LINE 7A

THE ORGANIZATION'S SHAREHOLDER ALSO HAS VOTING RIGHTS AS PART OF THE GOVERNING BOARD, AND APPROVES 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 7B

THE ALASKA PERMANENT FUND, THE EXEMPT SHAREHOLDER AND BENEFICIARY OF THIS TAX-EXEMPT ORGANIZATION, MAKES ALL THE MAJOR MANAGEMENT DECISIIONS.

FORM 990, PART VI, SECTION A, LINE 8B

THERE ARE NO COMMITTEES THAT HAVE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.

FORM 990, PART VI, SECTION B, LINE 11B

A 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.

FORM 990, PART VI, SECTION B, LINE 12

L&B REALTY ADVISORS, LLP IS ENGAGED AS A MANAGEMENT COMPANY FOR THIS ORGANIZATION AND HAS WRITTEN POLICIES IN PLACE FOR THE FOLLOWING: CONFLICT OF INTEREST, COMPLIANCE, WHISTLEBLOWER, DOCUMENT RETENTION AND DESTRUCTION, AND COMPENSATION. THE OFFICERS OF THE COMMONS AT WILLOWBROOK, INC. ARE EMPLOYEES OF L&B REALTY ADVISORS, LLP AND THEREFORE FOLLOW THESE POLICIES.

FORM 990, PART VI, SECTION C, LINE 19

THE ORGANIZATION MAKES AVAILABLE TO THE PUBLIC ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS UPON REQUEST TO: THE DIRECTOR OF PROPERTY REPORTING, L&B REALTY ADVISORS, LLP, 5910 N. CENTRAL EXPRESSWAY, SUITE 1200, DALLAS, TX 75206. FORM 990, PART VII, SECTION A, LINE 5: THE OWNER OF THE COMMONS AT WILLOWBROOK, INC. PAYS A MANAGEMENT FEE TO L&B REALTY ADVISORS, LLP. L&B REALTY ADVISORS, LLP PAYS THE OFFICERS OF THE COMMONS AT WILLOWBROOK, INC. L&B REALTY ADVISORS, LLP IS A MANAGEMENT COMPANY AND THEREFORE PAYS THE EMPLOYEES TO MANAGE ENTITIES WHICH INCLUDES THIS NON-PROFIT. THE COMPENSATION IS PAID TO COVER ALL OF THEIR ENTITIES, BOTH FOR PROFIT AND NON-PROFIT, AND IS NOT EXCLUSIVELY SEPARATED BY ENTITY. ADDITIONAL DETAIL IS AVAILABLE UPON REQUEST TO: THE DIRECTOR OF PROPERTY REPORTING, L&B REALTY ADVISORS, LLP, 5910 NORTH CENTRAL EXPRESSWAY, SUITE 1200, DALLAS, TX 75206.

FORM 990, PART XI, LINE 9:

2022 DISTRIBUTIONS -3,041,008.

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990) 2022

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