Civic Intelligence

Nbn Properties Inc

990 • Fiscal year 2018 • EIN 75-2557761

Jan 01, 2018 to Dec 31, 2018 • Filed on May 30, 2019

3161 Webb AveDallas, TX 75205

(214) 220-1011

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

21st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2018 filings • 501(c)2 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

19th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2018 filings • 501(c)2 • $1M-$5M nonprofits • Source year 2018

Net Margin

96th percentile

100%

Higher net margin than 96% of similar nonprofits.

2018 filings • 501(c)2 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

64th percentile

$110,843

Higher top officer pay than 64% of similar nonprofits.

Top officer pay equals 26.7% of source-year revenue.

2018 filings • 501(c)2 • $1M-$5M nonprofits • Source year 2018

Asset Growth

1st percentile

-99%

Faster asset growth than 1% of similar nonprofits.

2018 filings • 501(c)2 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

92nd percentile

180%

Faster revenue growth than 92% of similar nonprofits.

2018 filings • 501(c)2 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Down

$32,408

Down $2,942,640 (-99%) from 2017

Net Assets

Down

$32,408

Down $2,921,530 (-99%) from 2017

Liabilities

Down

$0

Down $21,110 (-100%) from 2017

Revenue

Up

$414,401

Up $266,598 (+180%) from 2017

Expenses

Flat

$0

Flat from 2017

Net Income

Up

$414,401

Up $266,598 (+180%) from 2017

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0Assets 2011: $1,148,493Liabilities 2011: $21,190Net Assets 2011: $1,127,3032011Assets 2012: $1,124,871Liabilities 2012: $19,737Net Assets 2012: $1,105,1342012Assets 2013: $1,081,447Liabilities 2013: $19,737Net Assets 2013: $1,061,7102013Assets 2014: $7,378Liabilities 2014: $0Net Assets 2014: $7,3782014Assets 2015: $7,378Liabilities 2015: $02015Assets 2017: $2,975,048Liabilities 2017: $21,110Net Assets 2017: $2,953,9382017Assets 2018: $32,408Liabilities 2018: $0Net Assets 2018: $32,4082018Assets 2019: $8,148Liabilities 2019: $0Net Assets 2019: $8,1482019Assets 2020: $8,148Liabilities 2020: $0Net Assets 2020: $8,1482020Assets 2022: $2,448,214Liabilities 2022: $10,673Net Assets 2022: $2,437,5412022Assets 2023: $2,325,175Liabilities 2023: $46,098Net Assets 2023: $2,279,0772023Assets 2024: $2,361,484Liabilities 2024: $13,766Net Assets 2024: $2,347,7182024

Highlighted filing

2018

Assets$32,408
Liabilities$0
Net Assets$32,408

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0Revenue 2011: $266,140Expenses 2011: $131,227Net Income 2011: $134,9132011Revenue 2012: $270,126Expenses 2012: $127,295Net Income 2012: $142,8312012Revenue 2013: $272,914Expenses 2013: $151,337Net Income 2013: $121,5772013Revenue 2014: $1,192,731Expenses 2014: $0Net Income 2014: $1,192,7312014Revenue 2015: $0Expenses 2015: $0Net Income 2015: $02015Revenue 2017: $147,803Expenses 2017: $0Net Income 2017: $147,8032017Revenue 2018: $414,401Expenses 2018: $0Net Income 2018: $414,4012018Revenue 2019: $5,840Expenses 2019: $100Net Income 2019: $5,7402019Revenue 2020: $0Expenses 2020: $0Net Income 2020: $02020Revenue 2022: $75,992Expenses 2022: $11,599Net Income 2022: $64,3932022Revenue 2023: $77,421Expenses 2023: $56,132Net Income 2023: $21,2892023Revenue 2024: $129,621Expenses 2024: $43,339Net Income 2024: $86,2822024

Highlighted filing

2018

Revenue$414,401
Expenses$0
Net Income$414,401
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
May 30, 2019
Return Version
2018v3.1
Gross Receipts
$3,540,542
Mission and Program Overview

Mission

Set up as a title-holding company pursuant to irc section 501(c)(2).

Title-holding company for private foundation

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,845,296$0▼ $2,845,296
Rtn Earn Endowment Incm Other Fnds$57,803$0▼ $57,803
Cash and Non-Interest-Bearing Accounts$108,300$32,408▼ $75,892
Pd in Cap Srpls Land Bldg Eqp Fund$2,896,135$32,408▼ $2,863,727
Accounts Receivable$21,452$0▼ $21,452
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$2,975,048$32,408▼ $2,942,640
Liabilities
Other Liabilities$21,110$0▼ $21,110
Total Liabilities$21,110$0▼ $21,110
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,953,938$32,408▼ $2,921,530
Total Liabilities and Net Assets / Fund Balance$2,975,048$32,408▼ $2,942,640
Compensation and Service Providers

Employees

NameTitleOtherTotal
Mary F RadfordDirector/asst. Secr.$110,843$110,843

Board Members and Trustees

NameTitle
Amy L FikesDirector
Lee FikesDirector
Joe M GrahamPres. & Treas.
Dean CastelhanoV.p. & Secr.
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$430,964
Other Revenue
$-16,563
Change in Net Assets
$414,401
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$0
Other Expenses$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
Yes
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Lee fikes and amy l. Fikes are husband and wife. Lee fikes and mary f. Radford have a business relationship. Joe m. Graham and dean castelhano have a business relationship.

Form 990, Part VI, Section A, Line 6

The company's sole stockholder is leland fikes foundation, inc.

Form 990, Part VI, Section A, Line 7A

The directors and officers of nbn properties, inc. Are elected annually by the directors of leland fikes foundation, inc.

Form 990, Part VI, Section A, Line 7B

All decisions of the governing body of nbn properties, inc. Are subject to approval by the directors of leland fikes foundation, inc., the sole shareholder of nbn properties, inc.

Form 990, Part VI, Section A, Line 8B

NOT APPLICABLE.

Form 990, Part VI, Section B, Line 11B

Form 990 is reviewed and signed by mary f. Radford, assistant secretary and director of nbn properties, inc.

Form 990, Part VI, Section C, Line 19

In order to obtain copies of the irs determination letter and/or form 990, interested parties should contact nbn properties, inc. At 3161 webb ave., dallas, tx 75205.

Form 990, Part VII, Section A, Line 5

Dean castelhano was compensated by an unrelated organization which rendered real estate management services to nbn properties, inc.

Filing and Contact Details

Filer

Filer Name
Nbn Properties Inc
EIN
75-2557761
Phone
2142201011
Address
3161 WEBB AVE, DALLAS, TX 75205

Signing Officer

Name
Mary F Radford
Title
Asst Secr
Phone
2142201011
Signed
2019-05-30

Organization Details

Principal Officer
Lee Fikes
Formed
1994
Legal Domicile
TX
Voting Board Members
3
Independent Board Members
2
Employees
0
Volunteers
0
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Cash distributions to parent -3,335,931.

Raw XML Appendix365 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/BooksInCareOfDetail/PhoneNum02142201011
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt03161 WEBB AVE
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IRS990/Desc0HELD TITLE TO RENTAL REAL ESTATE PROPERTIES, COLLECTED CASH FROM RENTALS AND REMITTED CASH NET OF EXPENSES TO LELAND FIKES FOUNDATION, INC.
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IRS990/Form990PartVIISectionAGrp/PersonNm0MARY F RADFORD
IRS990/Form990PartVIISectionAGrp/PersonNm1AMY L FIKES
IRS990/Form990PartVIISectionAGrp/PersonNm2LEE FIKES
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IRS990/Form990PartVIISectionAGrp/PersonNm4DEAN CASTELHANO
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IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR/ASST. SECR.
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
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IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt03515000
IRS990/GrossReceiptsAmt03540542
IRS990/GrossRentsGrp/RealAmt025542
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
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IRS990/IndoorTanningServicesInd00
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IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
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IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LandBldgEquipCostOrOtherBssAmt00
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IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd00
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IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
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IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0LEE FIKES AND AMY L. FIKES ARE HUSBAND AND WIFE. LEE FIKES AND MARY F. RADFORD HAVE A BUSINESS RELATIONSHIP. JOE M. GRAHAM AND DEAN CASTELHANO HAVE A BUSINESS RELATIONSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE COMPANY'S SOLE STOCKHOLDER IS LELAND FIKES FOUNDATION, INC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE DIRECTORS AND OFFICERS OF NBN PROPERTIES, INC. ARE ELECTED ANNUALLY BY THE DIRECTORS OF LELAND FIKES FOUNDATION, INC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL DECISIONS OF THE GOVERNING BODY OF NBN PROPERTIES, INC. ARE SUBJECT TO APPROVAL BY THE DIRECTORS OF LELAND FIKES FOUNDATION, INC., THE SOLE SHAREHOLDER OF NBN PROPERTIES, INC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NOT APPLICABLE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5FORM 990 IS REVIEWED AND SIGNED BY MARY F. RADFORD, ASSISTANT SECRETARY AND DIRECTOR OF NBN PROPERTIES, INC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6IN ORDER TO OBTAIN COPIES OF THE IRS DETERMINATION LETTER AND/OR FORM 990, INTERESTED PARTIES SHOULD CONTACT NBN PROPERTIES, INC. AT 3161 WEBB AVE., DALLAS, TX 75205.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7DEAN CASTELHANO WAS COMPENSATED BY AN UNRELATED ORGANIZATION WHICH RENDERED REAL ESTATE MANAGEMENT SERVICES TO NBN PROPERTIES, INC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8CASH DISTRIBUTIONS TO PARENT -3,335,931.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART VII, SECTION A, LINE 5
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART XI, LINE 9:
IRS990ScheduleR/AssetExchangeInd00
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0LELAND FIKES FOUNDATION INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt1LELAND FIKES FOUNDATION INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt2LELAND FIKES FOUNDATION INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt3LELAND FIKES FOUNDATION INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0PLAIN MAJESTIC PROPERTIES INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1ROADWAY PROPERTIES INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2CEDAR PROPERTIES INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt3WIMBLEDON PROPERTIES INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt4LELAND FIKES FOUNDATION INC
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd3TX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd4DE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0OPERATED EXCLUSIVELY AS A TITLE-HOLDING COMPANY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1OPERATED EXCLUSIVELY AS A TITLE-HOLDING COMPANY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt2INACTIVE TITLE-HOLDING COMPANY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt3OPERATED EXCLUSIVELY AS A TITLE-HOLDING COMPANY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt4PRIVATE FOUNDATION
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ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/PersonNm0MARY F RADFORD
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0ASST SECR
ReturnHeader/BusinessOfficerGrp/PhoneNum02142201011
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-05-30
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0NBN PROPERTIES INC
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ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt012.51.231.130
ReturnHeader/FilingSecurityInformation/IPDt02019-05-30
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm011:53:38
ReturnHeader/ReturnTs02019-06-18T12:59:25-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

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