Overview
What is Sbm Landowner Inc?
Sbm Landowner Inc, based in Wilmington, Delaware, is a nonprofit organization primarily established to support its sole member, the Sunday Breakfast Mission. Their primary role involves providing financial and various resources to aid the Mission in managing its leadership, research, and training programs and services. The organization's main objective is to acquire, own, develop, lease, operate, and hold real and personal property to ensure the Mission's success. Overall, Sbm Landowner Inc plays a crucial role in bolstering the operations and initiatives of the Sunday Breakfast Mission.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Star rating)
Sbm Landowner Inc has received a strong rating of 80%, reflecting solid performance in both accountability and finance. The organization boasts a high percentage of independent board members, which is crucial for governance and oversight, and has no reported material diversion of assets. Their program expense ratio stands at an impressive 94.41%, indicating that a significant majority of their funds are invested directly into their programs.
However, there are some areas of concern noted in their rating. The organization lacks a whistleblower policy and a document retention and destruction policy, both of which are important for transparency and accountability. While the absence of these policies is a limitation, their overall governance structure appears to be robust, as evidenced by meeting most other criteria effectively.
In summary, while Sbm Landowner Inc demonstrates a strong commitment to its mission through its financial practices and independent governance, the missing policies could benefit from attention to further enhance their accountability framework.
This AI summary has been generated from information found on Charity Navigator.
Is Sbm Landowner Inc legitimate?
Sbm Landowner Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sbm Landowner Inc 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
For more financial information, click here
What is the mission statement of Sbm Landowner Inc?
Sbm Landowner Inc's mission is centered around supporting its sole member, the Sunday Breakfast Mission. This support encompasses providing both financial and other necessary resources to aid in the administration of the Mission's leadership, research, and training programs and services. The primary objective is to contribute to the Mission's overall operations, thereby enabling it to effectively carry out its leadership, research, and training activities.
Who is the CEO of Sbm Landowner Inc?
Thomas J Laymon is the Executive Director of Sbm Landowner Inc.
What is the revenue of Sbm Landowner Inc?
Sbm Landowner Inc's revenue in 2022 was $0.
Who are the executives of Sbm Landowner Inc and what are their salaries?
Here are 10 key members and their salaries:
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- Related: $53,686
- Other: $88,293
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Where can I find the form 990 for Sbm Landowner Inc?
Sbm Landowner Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Sbm Landowner Inc
Sbm Landowner Inc, a supporting entity, is dedicated to aiding its sole member, the Sunday Breakfast Mission. The organization's primary role is to offer financial and various resources to assist the Mission in managing its leadership, research, and training programs and services. Sbm Landowner Inc's mission is to contribute to the Mission's objectives, which encompass administering and enhancing its leadership, research, and training initiatives. The organization achieves this by acquiring, owning, developing, leasing, operating, and holding real and personal property to support the Sunday Breakfast Mission's operations. Through these means, Sbm Landowner Inc plays a crucial role in helping its sister organization execute its mission effectively.
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Impact
October, 2024
Sbm Landowner Inc plays a crucial role in enhancing the capabilities of the Sunday Breakfast Mission in Wilmington, DE. By acquiring, owning, and managing real and personal property, Sbm Landowner Inc ensures that the Mission has the necessary resources to operate effectively. This support includes providing financial assistance, which enables the Mission to administer various leadership, research, and training programs.
The impact of Sbm Landowner Inc is multifaceted. By facilitating the Mission’s activities, it contributes to the overall mission of addressing housing needs and providing essential services to the community. Moreover, Sbm Landowner Inc's focus on supporting the Mission enhances its ability to reach more individuals in need, thereby fostering a healthier and more supportive environment for those requiring assistance. Through its efforts, Sbm Landowner Inc strengthens the foundation on which the Sunday Breakfast Mission operates, ultimately benefiting the broader community in Wilmington.
This information is meant to be a general summary of Sbm Landowner Inc. 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.
Assets and Liabilities:
- Total Assets: $6,765,944
- Total Liabilities: $0
- Net Assets: $6,765,944
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Organization Details
Founding Year
2010
Phone
(302) 656-8542Principal Officer
Thomas J Laymon
Main Address
110 N Poplar Street, Wilmington, DE, 19899
NTEE Category
Code: L114 - Housing
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