Overview
What is Nbn Properties Inc?
Nbn Properties Inc is a title-holding company situated in Dallas, Texas, specifically at 3161 Webb Ave, 75205. Its primary role is to manage rental real estate properties. The company collects rental income and then transmits the net proceeds to the Leland Fikes Foundation, Inc. Essentially, Nbn Properties Inc serves as a financial intermediary, facilitating the flow of funds from rental income to the Leland Fikes Foundation for its charitable purposes.
Is Nbn Properties Inc legitimate?
Nbn Properties Inc is a legitimate nonprofit organization registered as a 501(c)(2) entity. Nbn 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 Nbn Properties Inc?
Nbn Properties Inc serves as a title-holding company for a private foundation. Its primary mission is to manage rental real estate properties. The company collects rental income and after deducting expenses, remits the net proceeds to the Leland Fikes Foundation Inc. Essentially, Nbn Properties Inc functions to generate revenue for the Leland Fikes Foundation Inc through rental properties.
Who is the CEO of Nbn Properties Inc?
Brendan J Fikes is the Director/Vice President of Nbn Properties Inc.
What is the revenue of Nbn Properties Inc?
Nbn Properties Inc's revenue in 2022 was $75,992.
Who are the executives of Nbn 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
- Compensation: $0
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- Other: $0
Where can I find the form 990 for Nbn Properties Inc?
Nbn Properties Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Nbn Properties Inc
Nbn Properties Inc, serving as a title-holding company, is primarily dedicated to managing rental real estate properties. Its primary mission involves collecting rental income from these properties and then remitting the net proceeds to the Leland Fikes Foundation, Inc. This company acts as a financial intermediary, ensuring that a portion of the income generated from the rental properties is directed towards supporting the foundation's initiatives. By fulfilling this role, Nbn Properties Inc plays a vital part in the financial wellbeing of the Leland Fikes Foundation, Inc.
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Impact
October, 2024
Nbn Properties Inc. plays a significant role in the real estate landscape by acting as a title-holding company that manages rental properties. This organizational structure allows for efficient collection and management of rental income, which is subsequently transferred to the Leland Fikes Foundation, Inc. This financial arrangement not only supports the operational stability of the foundation but also reinforces its capacity to fund various initiatives and community improvement projects.
By holding title to rental real estate, Nbn Properties Inc. contributes to the local economy in Dallas, TX, generating cash flow through rental income. This income aids the foundation's mission, promoting community development and enhancement efforts. The streamlined process of collecting and remitting rental income underscores the importance of efficient property management in sustaining philanthropic endeavors that benefit the community. Overall, Nbn Properties Inc. has a direct impact on supporting charitable activities while fostering local economic growth through responsible property management.
This information is meant to be a general summary of Nbn 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: $215,555
Assets and Liabilities:
- Total Assets: $2,448,214
- Total Liabilities: $10,673
- Net Assets: $2,437,541
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Organization Details
Founding Year
1994
Phone
(214) 220-1011Principal Officer
Brendan J Fikes
Main Address
3161 WEBB AVE, DALLAS, TX, 75205
NTEE Category
Code: S47 - Community improvement
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