Overview
What is Silver Linings Holding Corporation?
Silver Linings Holding Corporation is a title-holding organization, established primarily to manage real estate properties on behalf of Crossroads Christian Church, Inc. (CCC). With a focus on supporting CCC's exempt religious objectives, Silver Linings holds title to various properties, generating income from rent. The company then distributes the remaining funds, after deducting expenses, back to Crossroads Christian Church. By acting as a title-holding entity, Silver Linings enables CCC to utilize these properties in furtherance of its religious mission.
Is Silver Linings Holding Corporation legitimate?
Silver Linings Holding Corporation is a legitimate nonprofit organization registered as a 501(c)(2) entity. Silver Linings Holding Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Silver Linings Holding Corporation?
Silver Linings Holding Corporation serves as a title-holding company, primarily for Crossroad Christian Church, Inc. (CCC). Its primary role is to safeguard property titles for CCC, enabling it to further its exempt religious purposes. Some of the properties under Silver Linings Holding Corporation's care have tenants. Consequently, the corporation collects income from these properties and distributes any surplus, after accounting for expenses, to CCC. The corporation's function is instrumental in supporting the religious activities of Crossroad Christian Church, Inc. by managing its property assets.
Who is the CEO of Silver Linings Holding Corporation?
Margo Wallace is the President of Silver Linings Holding Corporation.
What is the revenue of Silver Linings Holding Corporation?
Silver Linings Holding Corporation's revenue in 2022 was $234,694.
Who are the executives of Silver Linings Holding Corporation and what are their salaries?
Here are 3 key members and their salaries:
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Where can I find the form 990 for Silver Linings Holding Corporation?
Silver Linings Holding Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Silver Linings Holding Corporation
Silver Linings Holding Corporation serves as a title-holding company, primarily intended to safeguard property titles on behalf of Crossroad Christian Church, Inc. (CCC). This organization's mission lies in supporting CCC's exempt religious purposes by housing and managing the properties. Interestingly, some of these buildings were acquired with existing tenants. As a result, Silver Linings Holding Corporation collects income from the rentals and retains a portion to cover expenses, before ultimately transferring the remaining funds to Crossroad Christian Church. This strategic partnership allows both entities to further their respective objectives, with Silver Linings Holding Corporation contributing to CCC's religious endeavors through property management.
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Impact
October, 2024
Silver Linings Holding Corporation plays a crucial role in supporting the activities of Crossroad Christian Church by managing properties that are essential for the church's mission. As a title holding company, it oversees the ownership of various properties that are utilized for religious purposes, enabling the church to focus on its community services and outreach programs.
The corporation's management of these properties includes renting out spaces that may host community events, meetings, or other activities aligned with the church’s mission. The income generated from these properties is collected and subsequently directed back to support the church's objectives, ensuring that resources are available for community improvement and religious outreach.
By effectively managing the real estate assets, Silver Linings Holding Corporation not only contributes to the sustainability of Crossroad Christian Church but also enhances its capacity to serve the local community. This synergy between property management and the church's mission cultivates a positive impact, fostering community engagement and providing essential services to individuals and families in the area.
This information is meant to be a general summary of Silver Linings Holding Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Gross Receipts: $630,855
Assets and Liabilities:
- Total Assets: $7,153,380
- Total Liabilities: $5,717,997
- Net Assets: $1,435,383
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Organization Details
Founding Year
2007
Phone
(302) 741-2455Principal Officer
Margo Wallace
Main Address
PO BOX 542, DOVER, DE, 199030542
NTEE Category
Code: S47 - Community improvement
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