Sigma Kappa National Housing Corporation
- Assets
- $33.4m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 12
- Location
- Carmel, IN
- Founding
- 03/1994
- Data as of
- 05/2023
- EIN
- 35-1913455
Organization Overview
Sigma Kappa National Housing Corporation is located in Carmel, IN. The organization was established in 1994. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 05/2023, Sigma Kappa National Housing Corporation employed 12 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Sigma Kappa 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 05/2023, Sigma Kappa National Housing Corporation generated $1.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (17.5%) each year. All expenses for the organization totaled $1.2m during the year ending 05/2023. As we would expect to see with falling revenues, expenses have declined by (19.4%) per year over the past 8 years. 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
THE MISSION OF THE SIGMA KAPPA NATIONAL HOUSING CORPORATION IS TO FOSTER SAFE, ATTRACTIVE, AND RELEVANT LIVING AND LEARNING ENVIRONMENTS BY PROVIDING OPERATIONAL SUPPORT, FINANCIAL MANAGEMENT SERVICES, AND FINANCING TO LOCAL HOUSE CORPORATIONS AND FACILITY COMMITTEES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE NATIONAL HOUSING CORPORATION PROVIDES ADMINISTRATIVE SUPPORT SERVICES - INCLUDING ACCOUNTING, INVESTMENT, AND PROJECT MANAGEMENT SERVICES - ON BEHALF OF AND UNDER AGREEMENT WITH 35 LOCAL HOUSE CORPORATIONS. THESE SERVICES ALLOW THE LOCAL CORPORATIONS TO FOCUS ON PROVIDING A SAFE AND HEALTHY LIVING ENVIRONMENT TO RESIDE IN AND/OR PURSUE THE MEMBERSHIP ACTIVITIES OF SIGMA KAPPA SORORITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Willis President | OfficerTrustee | 5 | $0 |
Ann-Marie Fontaine VP Finance | OfficerTrustee | 5 | $0 |
Roxanne Evans VP Housing Operations | OfficerTrustee | 5 | $0 |
Kaci Bellenie VP Programming | OfficerTrustee | 5 | $0 |
Mary Ann Lattimore VP Property Management | OfficerTrustee | 5 | $0 |
Emily Shepard VP Communication | OfficerTrustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
46 Union Street Realty Lessor | 5/30/16 | $277,882 |
G Christianson Construction Construction | 5/30/16 | $207,573 |
Wv Serenity Sustainable Housing Lessor | 5/30/16 | $200,000 |
College Fresh Contract Food | 5/30/16 | $193,885 |
Campus Cooks Llc Contract Food | 5/30/16 | $181,818 |
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 | $1,409,917 |
| Investment income | $309,092 |
| 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 | $1,719,009 |
| 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. | $118,843 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $453,755 |
| Pension plan accruals and contributions | $7,451 |
| Other employee benefits | $75,439 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $918 |
| Fees for services: Accounting | $78,032 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $25,979 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $47,517 |
| Information technology | $1,335 |
| Royalties | $0 |
| Occupancy | $173,829 |
| Travel | $12,214 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $42,578 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,137 |
| Insurance | $59,904 |
| All other expenses | $0 |
| Total functional expenses | $1,197,907 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,693,174 |
| Savings and temporary cash investments | $700,851 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $57,303 |
| 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 | $76,202 |
| Net Land, buildings, and equipment | $20,095 |
| Investments—publicly traded securities | $15,961,041 |
| Investments—other securities | $0 |
| Investments—program-related | $10,850,653 |
| Intangible assets | $0 |
| Other assets | $6,013 |
| Total assets | $33,365,332 |
| Accounts payable and accrued expenses | $133,041 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $11,879,633 |
| Total liabilities | $12,012,674 |
| Net assets without donor restrictions | $21,352,658 |
| 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 | $33,365,332 |