Overview
What is Ifbf Property Management Inc?
Ifbf Property Management Inc is a Title Holding Corporation headquartered in West Des Moines, Iowa. They are responsible for managing building operations, collecting lease revenues, paying ordinary expenses, and facilitating depreciation. Their primary role is to ensure the financial health of the property and transfer any excess funds to their exempt parent organization.
Is Ifbf Property Management Inc legitimate?
Ifbf Property Management Inc is a legitimate nonprofit organization registered as a 501(c)(2) entity. Ifbf Property Management 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 not tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,642,869
For more financial information, click here
What is the mission statement of Ifbf Property Management Inc?
Ifbf Property Management Inc functions as a Title Holding Corporation, overseeing the operation of certain buildings. The corporation's primary role is to collect lease revenue, manage ordinary and necessary expenses related to the property, and facilitate depreciation. A significant portion of the revenue generated is then transferred to its exempt parent organization.
Who is the CEO of Ifbf Property Management Inc?
Marty Schwager is the President (12/21) of Ifbf Property Management Inc.
What is the revenue of Ifbf Property Management Inc?
Ifbf Property Management Inc's revenue in 2022 was $18,145,472.
Who are the executives of Ifbf Property Management Inc and what are their salaries?
The average compensation at Ifbf Property Management Inc during 2022 was $33,528. There are 49 employees at Ifbf Property Management Inc.
Here are 7 key members and their salaries:
- Duane Johnson (Former Vice President & Se)
- Edward Parker (General Counsel (8/22)) [Trustee/Director]
- James Gardner (Vice President Of Finance) [Trustee/Director]
- Craig Hill (President (12/21)) [Trustee/Director]
- Marty Schwager (Vice President & Secretary) [Trustee/Director]
- Mark Wickham (General Counsel) [Trustee/Director]
- Brent Johnson (President) [Trustee/Director]
Where can I find the form 990 for Ifbf Property Management Inc?
The Ifbf Property Management Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Mission Statement of Ifbf Property Management Inc
Ifbf Property Management Inc, a Title Holding Corporation, is dedicated to managing building services in an efficient and effective manner. Based in Iowa, this corporation plays a crucial role in collecting appropriate lease revenue and ensuring the payment of ordinary and necessary expenses required to operate the property. Simultaneously, Ifbf Property Management allows for depreciation and transfers any excess revenue to its exempt parent organization. By executing these responsibilities, Ifbf Property Management contributes significantly to the successful operation of the property it manages.
In essence, Ifbf Property Management functions as a steward for the property it oversees. It ensures that the necessary financial obligations are met, enabling the property to thrive and providing a stable foundation for its tenants. Furthermore, the corporation also facilitates the process of depreciation, which is an essential aspect of property management, while distributing any surplus revenue to its exempt parent organization. In doing so, Ifbf Property Management is able to support the larger mission of its parent organization, ultimately contributing to its overall success.
By managing the financial aspects of a property, Ifbf Property Management enables its parent organization to focus on its primary objectives. This delegation of responsibilities allows for a more streamlined and effective approach to achieving the organization's goals. In summary, Ifbf Property Management, as a Title Holding Corporation, plays a vital role in managing the financial operations of a property, ensuring its ongoing success and the satisfaction of its tenants.
Impact
This information is meant to be a general summary of Ifbf Property Management Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Ifbf Property Management Inc's impact lies in its provision of building services, including collecting lease revenue, paying operating expenses, and handling depreciation for properties. By efficiently managing these aspects, Ifbf Property Management contributes to the smooth operation and financial sustainability of buildings. Additionally, by turning over excess revenue to its exempt parent, the organization indirectly supports the community improvement efforts of its parent entity.
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.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TITLE HOLDING CO. RENTAL INC
Revenue
$14,229,851
Organization Details
Founding Year
1998
Phone
(515) 225-5400
Principal Officer
Marty Schwager
Main Address
5400 UNIVERSITY AVE, WEST DES MOINES, IA, 50266
NTEE Category
Code: S47 - Community improvement
If you are a representative of Ifbf Property Management 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.