Overview
What is Xbm Holdings Inc?
Xbm Holdings Inc is a nonprofit organization with a primary objective of managing and preserving assets for Xavier Baez Ministries Inc. Their current asset, which is primarily rental properties, generates income that is dedicated solely to carrying out missions. The income collected from these properties is utilized, following deductions for expenses, to support and contribute to their charitable pursuits. Xbm Holdings Inc serves as a financial steward, ensuring the efficient collection and allocation of funds for the betterment of Xavier Baez Ministries Inc's goals.
Is Xbm Holdings Inc legitimate?
Xbm Holdings Inc is a legitimate nonprofit organization registered as a 501(c)(2) entity. Xbm Holdings Inc submitted a form 990EZ, 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.
What is the mission statement of Xbm Holdings Inc?
Xbm Holdings Inc's primary mission is to serve as a custodian for xavier baez ministries, Inc. Their primary role involves managing and holding assets, specifically rental properties. The income generated from these properties is then allocated towards charitable missions. The organization's role is limited to collecting rent and using the net income for these missions, after deducting expenses.
Who is the CEO of Xbm Holdings Inc?
Xavier Baez is the President of Xbm Holdings Inc.
What is the revenue of Xbm Holdings Inc?
Xbm Holdings Inc's revenue in 2022 was $31,580.
Who are the executives of Xbm Holdings Inc and what are their salaries?
Here are 3 key members and their salaries:
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Where can I find the form 990EZ for Xbm Holdings Inc?
Xbm Holdings Inc's most recent form 990EZ was submitted in 2022 and can be accessed here.
Mission Statement of Xbm Holdings Inc
Xbm Holdings Inc, as a mission-driven organization, is primarily responsible for managing and preserving assets on behalf of Xavier Baez Ministries Inc. The primary objective of Xbm Holdings Inc is to generate income from the rental properties it manages. This income is then allocated towards supporting the missions of Xavier Baez Ministries Inc. The organization's role is to ensure the collection of rental income and to distribute the net amount, after deducting expenses, towards the aforementioned missions. In essence, Xbm Holdings Inc serves as a financial steward, utilizing its real estate holdings to contribute to the philanthropic efforts of Xavier Baez Ministries Inc.
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Impact
October, 2024
Xbm Holdings Inc plays a crucial role in supporting the mission of Xavier Baez Ministries, Inc. by managing and holding assets that provide financial resources for various missions. The organization focuses on rental properties, generating income that is reinvested into charitable activities. By exclusively holding title to the properties, Xbm Holdings ensures a consistent revenue stream, allowing for the sustainable funding of mission-related initiatives. This impact extends to the community, as the income derived from these assets contributes to religious outreach and support efforts, thereby facilitating positive change within the areas served.
This information is meant to be a general summary of Xbm Holdings 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.
- Program Service Revenue: $31,580
- Gross Receipts: $31,580
Assets and Liabilities:
- Total Assets: $88,857
- Total Liabilities: $53,907
- Net Assets: $34,950
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Organization Details
Phone
(803) 665-4493Principal Officer
Xavier Baez
Main Address
132 GARDEN WELLS COURT, IRMO, SC, 29063
NTEE Category
Code: X11 - Religion related
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