Alpha Nu House Corporation
- Assets
- $12.4m
- Revenue
- $500.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Austin, TX
- Founding
- 01/1975
- Data as of
- 06/2024
- EIN
- 23-7237536
Organization Overview
Alpha Nu House Corporation is located in Austin, TX. The organization was established in 1975. According to its NTEE Classification (B83) the organization is classified as: Student Sororities & Fraternities, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alpha Nu House Corporation is a 501(c)(2) and as such, is described as a "Title Holding Corporation for an Exempt Organization" by the IRS.
For the year ending 06/2024, Alpha Nu House Corporation generated $500.5k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 21.0% each year . All expenses for the organization totaled $599.2k during the year ending 06/2024. While expenses have increased by 27.2% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
OWN AND MANAGE REAL PROPERTY THAT IS RENTED TO A TAX EXEMPT ORGANIZATION UNDER IRC 501(C)(7).
Describe the Organization's Program Activity:
Part 3 - Line 4a
RENTAL OF FRATERNITY HOUSE AND RENTAL DORM UNITS TO THE ALPHA NU CHAPTER, SIGMA CHI FRATERNITY AT THE UNIVERSITY OF TEXAS AT AUSTIN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tony Rolland Director | Trustee | 0 | $0 |
Lucian Morehead President | OfficerTrustee | 8 | $0 |
Linden Welsch Treasurer | OfficerTrustee | 4 | $0 |
Michael Guillen Secretary | OfficerTrustee | 4 | $0 |
Andrew Kuchta Vice President | OfficerTrustee | 2 | $0 |
Tony Bocage Vice President | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $20,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $13,772 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $33,772 |
| Total Program Service Revenue | $0 |
| Investment income | $1,175 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $465,518 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $500,465 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $594,587 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $4,660 |
| Total functional expenses | $599,247 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,297 |
| Savings and temporary cash investments | $155,745 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $26,541 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $48,250 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $95,251 |
| Net Land, buildings, and equipment | $12,041,276 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $12,787 |
| Other assets | $700 |
| Total assets | $12,386,847 |
| Accounts payable and accrued expenses | $8,749 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $9,814,280 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $179,563 |
| Total liabilities | $10,002,592 |
| Net assets without donor restrictions | $2,384,255 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $12,386,847 |