Overview
What is Wimbledon Properties Inc?
Wimbledon Properties Inc serves as a title-holding company for the Leland Fikes Foundation, based in Dallas, Texas. The organization is primarily involved in managing rental real estate properties, generating income through rent collections, and subsequently transferring the net earnings to the Leland Fikes Foundation. This nonprofit's role in the real estate sector supports its beneficiary foundation in its charitable activities.
Is Wimbledon Properties Inc legitimate?
Wimbledon Properties Inc is a legitimate nonprofit organization registered as a 501(c)(2) entity. Wimbledon Properties 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
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What is the mission statement of Wimbledon Properties Inc?
Wimbledon Properties Inc serves as a title-holding company for a private foundation. Its primary mission is to manage rental real estate properties, generating income through rent collections. This income is then forwarded to the associated foundation, after deducting any necessary expenses. Essentially, Wimbledon Properties Inc acts as an intermediary, facilitating the monetary flow from the rental properties to the foundation. The specific purpose of the funds received by the foundation is not provided in the information given.
Who is the CEO of Wimbledon Properties Inc?
Amy L Fikes is the Principal Officer of Wimbledon Properties Inc.
What is the revenue of Wimbledon Properties Inc?
Wimbledon Properties Inc's revenue in 2022 was $158,246.
Who are the executives of Wimbledon Properties Inc and what are their salaries?
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $679,678
- Other: $7,659
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- Other: $0
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- Compensation: $0
- Related: $475,000
- Other: $36,802
- Compensation: $0
- Related: $343,000
- Other: $25,848
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- Compensation: $0
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- Other: $0
Where can I find the form 990 for Wimbledon Properties Inc?
Wimbledon Properties Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Wimbledon Properties Inc
Wimbledon Properties Inc, functioning as a title-holding company, is dedicated to maintaining ownership of rental real estate properties. The primary objective of this organization is to collect rental income from these properties and subsequently transfer the funds, after deducting any expenses, to the Leland Fikes Foundation. By performing this role, Wimbledon Properties Inc contributes to the financial sustenance of the Leland Fikes Foundation, indirectly supporting its mission and initiatives.
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Impact
October, 2024
Wimbledon Properties Inc plays a significant role in community improvement through its operations as a title-holding company for rental real estate properties. By managing these properties in Dallas, Texas, it facilitates the collection of rental income, which is then remitted to the Leland Fikes Foundation. This financial support can be utilized by the foundation to further its mission and initiatives aimed at enhancing the local community.
The active management of rental properties not only contributes to the economic stability of the area by providing quality housing, but also plays a crucial part in funding various charitable programs. This symbiotic relationship between Wimbledon Properties Inc and the Leland Fikes Foundation fosters a cycle of giving back to the community, allowing for ongoing improvements and support for residents in need. Through its activities, Wimbledon Properties Inc directly impacts the quality of life in its region, enabling positive change and fostering community development.
This information is meant to be a general summary of Wimbledon Properties 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.
- Gross Receipts: $301,002
Assets and Liabilities:
- Total Assets: $919,050
- Total Liabilities: $41,182
- Net Assets: $877,868
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Organization Details
Founding Year
1989
Phone
(214) 220-1011Principal Officer
Amy L Fikes
Main Address
3161 WEBB AVE, DALLAS, TX, 75205
NTEE Category
Code: S47 - Community improvement
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