1872 Properties Of Alpha Phi Inc
- Assets
- $14.5m
- Revenue
- $9.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Denver, CO
- Founding
- 03/1999
- Data as of
- 06/2023
- EIN
- 31-1627255
Organization Overview
1872 Properties Of Alpha Phi Inc, operating under the name National Housing Corporation, is located in Denver, CO. The organization was established in 1999. According to its NTEE Classification (S47) the organization is classified as: Real Estate Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National 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, National Housing Corporation generated $9.6m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 50.5% each year . All expenses for the organization totaled $1.6m during the year ending 06/2023. While expenses have increased by 19.9% 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 PROVIDE SAFE AND COMPETITIVE HOUSING FACILITIES BY USING OUR RESOURCES RESPONSIBLY AND FOCUSING ON FOSTERING SISTERHOOD, SUPPORTING OUR MEMBERS, PREPARING FOR OUR FUTURE AND CONTINUING TO BE THE LEADER IN FRATERNITY/SORORITY HOUSING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
1872 PROPERTIES IS THE AFFILIATE OF THE ORGANIZATION THAT SUPPORTS ALPHA PHI AND ITS COLLEGIATE CHAPTERS BY ENHANCING THE ALPHA PHI EXPERIENCE THROUGH ENSURING THE EXISTENCE OF SAFE, COMPETITIVE AND WELL-MANAGED CHAPTER FACILITIES. ITS MISSION IS TO PROVIDE SAFE AND COMPETITIVE HOUSING FACILITIES BY USING OUR RESOURCES RESPONSIBLY AND FOCUSING ON FOSTERING SISTERHOOD, SUPPORTING OUR MEMBERS, PREPARING FOR OUR FUTURE AND CONTINUING TO BE THE LEADER IN FRATERNITY/SORORITY HOUSING.1872 PROPERTIES OWNS OR MANAGES CHAPTER FACILITIES ACROSS THE UNITED STATES AND CANADA. EACH YEAR, THE CORPORATION INVESTS IN HOUSING UPGRADES AND MAINTENANCE FOR OUR FACILITIES. 1872 PROPERTIES PROVIDES ALL NECESSARY FUNDING TO MAKE ALPHA PHI HOUSING SAFE, COMPETITIVE AND ATTRACTIVE FOR ITS MEMBER CHAPTERS.WHETHER IN A TRADITIONAL HOUSE, RESIDENCE HALL, SUITE OR LODGE, A SHARED LIVING OR MEETING SPACE EXPERIENCE EMPOWERS THE DEVELOPMENT OF WOMEN AND CONTRIBUTES TO THE UNBREAKABLE BONDS ALPHA PHI SISTERS SHARE. 1872 PROPERTIES ALSO PROVIDES SUPPORT AND RESOURCES TO LOCAL HOUSE CORPORATION BOARDS AND CHAPTER PROPERTY COMMITTEES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stacey Daniel President | OfficerTrustee | 1 | $0 |
Caitlin Massie King Secretary | OfficerTrustee | 1 | $0 |
Cathleen Marine Treasurer | OfficerTrustee | 1 | $0 |
Dawn Bauer Director | Trustee | 1 | $0 |
Lindsay Wiggins Director | Trustee | 1 | $0 |
Shana Smith Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $7,721,093 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $5,616,608 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,721,093 |
| Total Program Service Revenue | $1,903,573 |
| Investment income | $134 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$18,206 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,606,594 |
| 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 | $37,534 |
| Fees for services: Accounting | $26,291 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,706 |
| Advertising and promotion | $390 |
| Office expenses | $13,398 |
| Information technology | $88,500 |
| Royalties | $0 |
| Occupancy | $539,731 |
| Travel | $16,639 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $146,305 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $237,960 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,593,877 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $963,994 |
| Savings and temporary cash investments | $2,039,969 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $13,709 |
| 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 | $119,324 |
| Net Land, buildings, and equipment | $11,360,408 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $24,236 |
| Total assets | $14,521,640 |
| Accounts payable and accrued expenses | $111,394 |
| Grants payable | $0 |
| Deferred revenue | $149,400 |
| 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 | $5,929,037 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $6,189,831 |
| Net assets without donor restrictions | $8,331,809 |
| 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 | $14,521,640 |