Delta Gamma Fraternity Housing Corporation
- Assets
- $47.6m
- Revenue
- $10.3m
- Investments
- $24.2m
- Employees
- 0
- Location
- Columbus, OH
- Founding
- 03/1990
- Data as of
- 06/2023
- EIN
- 31-1281749
Organization Overview
Delta Gamma Fraternity Housing Corporation is located in Columbus, OH. The organization was established in 1990. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Delta Gamma Fraternity Housing Corporation is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 06/2023, Delta Gamma Fraternity Housing Corporation generated $10.3m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 19.0% each year . All expenses for the organization totaled $8.9m during the year ending 06/2023. While expenses have increased by 16.2% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO FOSTER HIGH IDEALS OF FRIENDSHIP AMONG THE MEMBERS OF DELTA GAMMA FRATERNITY, TO PROMOTE THEIR EDUCATIONAL AND CULTURAL INTERESTS, TO CREATE IN THEM A TRUE SENSE OF SOCIAL RESPONSIBILITY, AND TO DEVELOP IN THEM THE BEST QUALITIES OF CHARACTER; TO ADVANCE THAT END, TO OWN OR OPERATE, EQUIP, MAINTAIN, IMPROVE, AND MANAGE CHAPTER HOUSES, LODGES, AND ROOMS FOR COLLEGIATE CHAPTERS OF DELTA GAMMA FRATERNITY WHERE MEMBERS OF THE FRATERNITY CAN LIVE TOGETHER, ENGAGE IN SOCIAL INTERACTION, FELLOWSHIP, PLEASURE, RECREATION AND OTHER NONPROFITABLE PURPOSES; TO ENSURE THAT SUCH HOUSING IS OPERATED AND MAINTAINED IN A SOCIALLY RESPONSIBLE MANNER SO THAT THE MEMBERS OF THE FRATERNITY CAN ACHIEVE THE FOREGOING GOALS OF THE FRATERNITY AND THE CORPORATION; AND TO ACQUIRE BY GIFT, DEVISE, PURCHASE, OR OTHERWISE, REAL AND PERSONAL PROPERTY, AND TO SELL, CONVEY, EXCHANGE, LEASE, MORTGAGE, PLEDGE OR OTHERWISE ENCUMBER SUCH PROPERTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED ACCOUNTING AND FINANCIAL MANAGEMENT SERVICES FOR DELTA GAMMA FRATERNITY HOUSING CORPORATIONS. THE ORGANIZATION WRITES CHECKS, ASSISTS WITH TAX FORMS, COLLECTS RENT AND FEES, PREPARES ANNUAL REPORTS, AND SENDS MONTHLY FINANCIAL STATEMENTS TO THE INDIVIDUAL HOUSE CORPORATIONS.
FACILITATED INSURANCE ADMINISTRATION FOR DELTA GAMMA FRATERNITY HOUSE CORPORATIONS.
ACADEMIES, INSTITUTES, AND CONFERENCES - THE ORGANIZATION HOSTS VARIOUS EDUCATIONAL SEMINARS DESIGNED TO PROVIDE LEARNING OPPORTUNITIES FOR MEMBERS OF ITS FHC PARTICIPANT GROUPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cassandra Caron Director: Housing Resources | Trustee | 2 | $0 |
Susan Kornegay Fhc Director/fraternity Treasurer | Trustee | 1 | $0 |
Amy Ayres Fhc Director/fraternity President | Trustee | 1 | $0 |
Elizabeth Hurtt Springer Fhc Chairman | OfficerTrustee | 2 | $0 |
Linda Kay Martin Smith Fhc Secretary/treasurer | OfficerTrustee | 2 | $0 |
Tracey Williams Fraternity Executive Director | Officer | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Greek House Chefs Food Service | 6/29/23 | $156,034 |
Meili Construction Co Inc Renovations | 6/29/23 | $206,816 |
College Fresh Inc Food Service | 6/29/23 | $317,729 |
Campus Cooks Llc Food Service | 6/29/23 | $214,580 |
Gill Grilling Company Llc Food Service | 6/29/23 | $205,169 |
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 | $1,349,231 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,349,231 |
| Total Program Service Revenue | $8,125,758 |
| Investment income | $845,891 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$87,255 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,313,085 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,069 |
| 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. | $105,469 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $959,159 |
| Pension plan accruals and contributions | $39,385 |
| Other employee benefits | $79,321 |
| Payroll taxes | $80,010 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,556 |
| Fees for services: Accounting | $88,801 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $194,078 |
| Fees for services: Other | $261,195 |
| Advertising and promotion | $19,495 |
| Office expenses | $28,530 |
| Information technology | $76,315 |
| Royalties | $0 |
| Occupancy | $2,739,091 |
| Travel | $89,227 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $26,714 |
| Interest | $784,101 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,331,400 |
| Insurance | $1,697,722 |
| All other expenses | $42,109 |
| Total functional expenses | $8,944,778 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$303 |
| Savings and temporary cash investments | $1,073,456 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $340,736 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,360,288 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $9,015 |
| Net Land, buildings, and equipment | $18,706,303 |
| Investments—publicly traded securities | $310,146 |
| Investments—other securities | $24,158,265 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $670,846 |
| Total assets | $47,628,752 |
| Accounts payable and accrued expenses | $1,858,774 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $27,590,186 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $12,418,819 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $41,867,779 |
| Net assets without donor restrictions | $5,760,973 |
| 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 | $47,628,752 |