Overview
What is The Fairfield Homes Title Holding Co Inc?
The Fairfield Homes Title Holding Co Inc, based in Palm Desert, California, is a nonprofit organization primarily focused on managing property titles and collecting related income. Its mission is to accumulate income from property titles and subsequently transfer the entire amount, less expenses, to the H.N. and Frances C. Berger Foundation. The organization serves as a common paymaster for this foundation, ensuring the distribution of the required earnings. With a staff of 19 individuals, The Fairfield Homes Title Holding Co Inc plays a crucial role in financial management and charitable contributions.
Is The Fairfield Homes Title Holding Co Inc legitimate?
The Fairfield Homes Title Holding Co Inc is a legitimate nonprofit organization registered as a 501(c)(2) entity. The Fairfield Homes Title Holding Co 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: $101,611
Professional Fundraising Fees: $0
Other Salaries and Wages: $121,133
For more financial information, click here
What is the mission statement of The Fairfield Homes Title Holding Co Inc?
The Fairfield Homes Title Holding Co Inc's primary role is to manage property titles and collect income derived from these properties. The organization then distributes the net earnings, after deducting expenses, to the H.N. and Frances C. Berger Foundation. As a common paymaster for the foundation, The Fairfield Homes Title Holding Co Inc serves as a conduit for transferring funds from the property income to the foundation. At the time of the latest filing, the required earnings of $838,167 for the H.N. and Frances C. Berger Foundation had already been disbursed by the organization. In essence, The Fairfield Homes Title Holding Co Inc acts as a financial intermediary, managing properties and dispersing the associated income to support the philanthropic endeavors of the H.N. and Frances C. Berger Foundation.
Who is the CEO of The Fairfield Homes Title Holding Co Inc?
Unavailable
What is the revenue of The Fairfield Homes Title Holding Co Inc?
The Fairfield Homes Title Holding Co Inc's revenue in 2022 was $1,156,551.
Who are the executives of The Fairfield Homes Title Holding Co Inc and what are their salaries?
The average compensation at The Fairfield Homes Title Holding Co Inc during 2022 was $11,723. There are 19 employees at The Fairfield Homes Title Holding Co Inc.
Here are 6 key members and their salaries:
- Compensation: $39,939
- Related: $773,179
- Other: $251,531
- Compensation: $46,001
- Related: $921,614
- Other: $123,466
- Compensation: $2,120
- Related: $89,711
- Other: $227,544
- Compensation: $27,746
- Related: $557,665
- Other: $201,199
- Compensation: $6,752
- Related: $85,109
- Other: $217,160
- Compensation: $7,774
- Related: $248,771
- Other: $41,931
Where can I find the form 990 for The Fairfield Homes Title Holding Co Inc?
The Fairfield Homes Title Holding Co Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Fairfield Homes Title Holding Co Inc
The Fairfield Homes Title Holding Co Inc, as its name suggests, is primarily tasked with holding title to various properties. This role is significant as it allows the organization to collect income generated from these properties. The primary objective, however, is not to retain this income for itself. Instead, The Fairfield Homes Title Holding Co Inc meticulously subtracts any necessary expenses and subsequently distributes the entire remaining amount to the H.N. and Frances C. Berger Foundation. In this capacity, the organization serves as a common paymaster for the foundation, ensuring a seamless transfer of funds.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
The Fairfield Homes Title Holding Co Inc plays a significant role by managing property titles and generating income that directly benefits the H.N. and Frances C. Berger Foundation. This structured asset management ensures that the proceeds, after covering necessary expenses, are systematically channeled to support the foundation's philanthropic endeavors. In 2022, the organization reported net earnings of $838,167, which were fully distributed to the foundation, showcasing its effectiveness in financial stewardship. Operating from Palm Desert, CA, the entity contributes to community improvement initiatives funded by the foundation, thereby enhancing the overall impact on local and broader societal needs. By serving as a common paymaster for the foundation, it streamlines financial processes and supports efficient fund allocation for charitable activities.
This information is meant to be a general summary of The Fairfield Homes Title Holding Co 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.
- Investment Income: $1,074
- Gross Receipts: $1,162,646
Assets and Liabilities:
- Total Assets: $13,636,548
- Total Liabilities: $11,817
- Net Assets: $13,624,731
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Phone
(760) 341-5293Main Address
PO BOX 13390, PALM DESERT, CA, 922553390
NTEE Category
Code: S47 - Community improvement
If you are a representative of The Fairfield Homes Title Holding Co Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.