Ifbf Property Management Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 421472056 ✦ West des moines, IA ✦ Designated as a 501(c)(2)

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Overview

What is Ifbf Property Management Inc?

Ifbf Property Management Inc is a Title Holding Corporation headquartered in West Des Moines, Iowa. They are responsible for managing building operations, collecting lease revenues, paying ordinary expenses, and facilitating depreciation. Their primary role is to ensure the financial health of the property and transfer any excess funds to their exempt parent organization.

What are the reviews and ratings of this charity?

Ifbf Property Management Inc is not rated by Charity Navigator because it does not meet the eligibility criteria for evaluation. The organization is not registered as a 501(c)(3) nonprofit, which is a requirement for most assessment methodologies. This absence of a formal rating does not imply a specific evaluation of the organization's performance or effectiveness.

The organization's limited financial transparency is noted, as data on total revenue, expenses, and key leadership salaries are not available. This lack of information contributes to its ineligibility for certain aspects of Charity Navigator's current rating systems, which look into factors like Accountability & Finance, and Leadership & Adaptability.

No user reviews are available on GreatNonprofits, making it challenging to gauge public perception or personal experiences with Ifbf Property Management Inc. The absence of feedback may indicate a lower profile or less public engagement compared to other nonprofits.


This AI summary has been generated from information found on Charity Navigator.

Is Ifbf Property Management Inc legitimate?

Ifbf Property Management Inc is a legitimate nonprofit organization registered as a 501(c)(2) entity. Ifbf Property Management 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: $1,642,869

For more financial information, click here

What is the mission statement of Ifbf Property Management Inc?

Ifbf Property Management Inc functions as a Title Holding Corporation, overseeing the operation of certain buildings. The corporation's primary role is to collect lease revenue, manage ordinary and necessary expenses related to the property, and facilitate depreciation. A significant portion of the revenue generated is then transferred to its exempt parent organization.

Who is the CEO of Ifbf Property Management Inc?

Marty Schwager is the President (12/21) of Ifbf Property Management Inc.

What is the revenue of Ifbf Property Management Inc?

Ifbf Property Management Inc's revenue in 2022 was $18,145,472.

Who are the executives of Ifbf Property Management Inc and what are their salaries?

The average compensation at Ifbf Property Management Inc during 2022 was $33,528. There are 49 employees at Ifbf Property Management Inc.


Here are 7 key members and their salaries:


Craig Hill (President (12/21))
  • Compensation: $0
  • Related: $542,271
  • Other: $92,462
James Gardner (Vice President Of Finance)
  • Compensation: $0
  • Related: $422,786
  • Other: $225,459
Marty Schwager (Vice President & Secretary)
  • Compensation: $0
  • Related: $348,008
  • Other: $261,106
Edward Parker (General Counsel (8/22))
  • Compensation: $0
  • Related: $828,538
  • Other: $345,075
Brent Johnson (President)
  • Compensation: $0
  • Related: $63,266
  • Other: $0
Mark Wickham (General Counsel)
  • Compensation: $0
  • Related: $260,980
  • Other: $66,134
Duane Johnson (Former Vice President & Se)
  • Compensation: $0
  • Related: $2,841,208
  • Other: $680,056
Where can I find the form 990 for Ifbf Property Management Inc?

Ifbf Property Management Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Ifbf Property Management Inc

Ifbf Property Management Inc, a Title Holding Corporation, is dedicated to managing building services in an efficient and effective manner. Based in Iowa, this corporation plays a crucial role in collecting appropriate lease revenue and ensuring the payment of ordinary and necessary expenses required to operate the property. Simultaneously, Ifbf Property Management allows for depreciation and transfers any excess revenue to its exempt parent organization. By executing these responsibilities, Ifbf Property Management contributes significantly to the successful operation of the property it manages.

In essence, Ifbf Property Management functions as a steward for the property it oversees. It ensures that the necessary financial obligations are met, enabling the property to thrive and providing a stable foundation for its tenants. Furthermore, the corporation also facilitates the process of depreciation, which is an essential aspect of property management, while distributing any surplus revenue to its exempt parent organization. In doing so, Ifbf Property Management is able to support the larger mission of its parent organization, ultimately contributing to its overall success.

By managing the financial aspects of a property, Ifbf Property Management enables its parent organization to focus on its primary objectives. This delegation of responsibilities allows for a more streamlined and effective approach to achieving the organization's goals. In summary, Ifbf Property Management, as a Title Holding Corporation, plays a vital role in managing the financial operations of a property, ensuring its ongoing success and the satisfaction of its tenants.

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Impact




October, 2024

Ifbf Property Management Inc plays a crucial role in enhancing community infrastructure and providing essential building services in West Des Moines, IA. By serving as a Title Holding Corporation, it focuses on effective management of real estate properties, which includes collecting lease revenues and covering necessary operational expenses. This allows for the maintenance and continuous improvement of properties, contributing to the overall well-being of the community.

Moreover, Ifbf Property Management Inc facilitates financial sustainability by managing excess revenue strategically. This not only ensures the efficient operation of properties but also enables the organization to support broader community initiatives through contributions to its exempt parent. In doing so, it fosters a cycle of reinvestment that ultimately benefits the local community, enhancing its economic growth and improving living conditions. Overall, the impact of Ifbf Property Management Inc can be seen through its dedication to operational excellence and its commitment to community development.




This information is meant to be a general summary of Ifbf Property Management 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.

Revenue
$18,145,472 (2022)
Expenses
$9,460,918 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $3,542,477
  • Program Service Revenue: $14,229,851
  • Gross Receipts: $23,690,878

Assets and Liabilities:

  • Total Assets: $72,856,551
  • Total Liabilities: $11,675,103
  • Net Assets: $61,181,448

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

TITLE HOLDING CO. RENTAL INC

Revenue

$14,229,851

Organization Details

Founding Year

1998

Principal Officer

Marty Schwager

Main Address

5400 UNIVERSITY AVE, WEST DES MOINES, IA, 50266

NTEE Category

Code: S47 - Community improvement

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