Theta Chi Realty Corporation
- Assets
- $3.0m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 1
- Location
- Indianapolis, IN
- Founding
- 08/1988
- Data as of
- 12/2021
- EIN
- 31-1238715
Organization Overview
Theta Chi Realty Corporation is located in Indianapolis, IN. The organization was established in 1988. 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. Theta Chi Realty 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 12/2021, Theta Chi Realty Corporation generated $1.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $741.5k during the year ending 12/2021. While expenses have increased by 5.4% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE FRATERNITY HOME FOR THETA CHI FRATERNITY BROTHERS WHILE TAKING CLASSES AT INDIANA UNIVERSITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE FRATERNITY HOME FOR 62 (SPRING 2021) AND 70 (FALL 2021) THETA CHI FRATERNITY ALPHA IOTA CHAPTER MEMBERS WHILE TAKING CLASSES AT INDIANA UNIVERSITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Cooler President | OfficerTrustee | 15 | $0 |
Chris Waits Vice President | OfficerTrustee | 5 | $0 |
Steve Dum Treasurer | OfficerTrustee | 15 | $0 |
Kevin Mcintosh Secretary | OfficerTrustee | 10 | $0 |
Matt Coffman Director | Trustee | 5 | $0 |
William Davisson Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,064,299 |
| Investment income | $25 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $1,064,324 |
| 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 | $20,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,227 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $32,955 |
| 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 | $4,797 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $518,854 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $44,081 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $114,425 |
| Insurance | $2,125 |
| All other expenses | $2,044 |
| Total functional expenses | $741,508 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $734,607 |
| Savings and temporary cash investments | $3,388 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,272,234 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $15,285 |
| Other assets | $0 |
| Total assets | $3,025,514 |
| Accounts payable and accrued expenses | $0 |
| 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 | $1,033,959 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $123,095 |
| Total liabilities | $1,157,054 |
| Net assets without donor restrictions | $1,868,460 |
| 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 | $3,025,514 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alpha Kappa Alpha Sorority Inc Chicago, IL | $52,441,632 | $51,516,125 |
Alpha Chi Omega Fraternity Inc Subordinate Group Return Indianapolis, IN | $14,649,947 | $40,155,392 |
Alpha Kappa Alpha Sorority Inc Chicago, IL | $69,493,289 | $32,008,594 |
Kappa Alpha Theta Fraternity Housing Corporation Indianapolis, IN | $75,225,984 | $20,546,319 |
Sigma Theta Tau International Inc Indianapolis, IN | $54,290,357 | $14,050,020 |
Alpha Xi Delta Fraternity Indianapolis, IN | $11,173,738 | $8,227,558 |
Alpha Phi International Fraternity Inc Chicago, IL | $56,554,412 | $12,398,073 |
Esponda Associates Inc Indianapolis, IN | $35,625,730 | $7,839,159 |
Pi Beta Phi Fraternity Town Country, MO | $45,635,121 | $9,219,516 |
Alpha Gamma Delta Fraternity Indianapolis, IN | $13,038,202 | $5,499,858 |
Alpha Chi Omega Foundation Inc Indianapolis, IN | $28,935,274 | $7,451,164 |
Alpha Phi Foundation Inc Park Ridge, IL | $26,651,155 | $5,758,361 |