Overview
What is Lifeline Properties Inc?
Lifeline Properties Inc is a company based in Phoenix, Arizona, with an address at 1055 E Hearn Road. Its primary role involves leasing property to a nonprofit organization, specifically a school. The revenue generated from this lease is then utilized to support Fountain of Life International Church, a charitable entity with 501(c)(3) status. This church receives financial aid from Lifeline Properties Inc to further its missions and services.
Is Lifeline Properties Inc legitimate?
Lifeline Properties Inc is a legitimate nonprofit organization registered as a 501(c)(2) entity. Lifeline 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 Lifeline Properties Inc?
Lifeline Properties Inc supports a non-profit organization, specifically Fountain of Life International Church, which is classified as a 501(c)(3). The company holds the title of a property and rents it to this non-profit school. In addition, Lifeline Properties Inc provides financial assistance to the church. The primary mission of Lifeline Properties Inc, therefore, can be interpreted as contributing to the success and operations of Fountain of Life International Church through property rental and financial aid.
Who is the CEO of Lifeline Properties Inc?
Joseph Skeens is the Treasurer of Lifeline Properties Inc. The CEO's salary of Lifeline Properties Inc is $0 and their total compensation is $0.
What is the revenue of Lifeline Properties Inc?
Lifeline Properties Inc's revenue in 2022 was -$144.
Who are the executives of Lifeline Properties Inc and what are their salaries?
Here are 2 key members and their salaries (Lifeline Properties Inc's CEO's salary is $0 and their total compensation is $0):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Lifeline Properties Inc?
Lifeline Properties Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Lifeline Properties Inc
Lifeline Properties Inc plays a unique role in supporting a non-profit organization. This for-profit entity holds title to property and leases it to a non-profit school. Beyond this, Lifeline Properties Inc extends financial aid to Fountain of Life International Church, a 501(c)(3) organization. By providing both physical space and financial resources, Lifeline Properties Inc contributes to the continuity and growth of the church and the educational institution it houses. This mutual support system allows both the school and the church to thrive and fulfill their respective missions.
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Impact
October, 2024
Lifeline Properties Inc significantly impacts the community by providing essential support to a nonprofit school through property leasing, which facilitates educational opportunities for local students. By holding title and renting property, the organization ensures that the school can operate in a stable and dedicated environment, fostering community growth and development.
Additionally, Lifeline Properties Inc allocates funds to support Fountain of Life International Church, enhancing the church's ability to serve the community with various programs and outreach activities. This dual focus on education and spiritual support contributes to overall community improvement in Phoenix, AZ, creating a more cohesive and supportive environment for residents. Through these efforts, Lifeline Properties Inc plays a crucial role in enhancing the quality of life in the area, empowering individuals, and strengthening community ties.
This information is meant to be a general summary of Lifeline 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: $206,724
Assets and Liabilities:
- Total Assets: $2,841,905
- Total Liabilities: $2,063,824
- Net Assets: $778,081
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Organization Details
Founding Year
1998
Phone
(602) 993-5780Principal Officer
Joseph Skeens
Main Address
1055 E HEARN ROAD, PHOENIX, AZ, 85022
NTEE Category
Code: S47 - Community improvement
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