Sae Financial And Housing Corporation

Organization Overview

Sae Financial And Housing Corporation is located in Evanston, IL. The organization was established in 2002. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. As of 06/2021, Sae Financial And Housing Corporation employed 7 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Sae Financial And 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 06/2021, Sae Financial And Housing Corporation generated $3.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.7%) each year. All expenses for the organization totaled $3.5m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO BUILD STRONG CHAPTERS THROUGH GREAT HOUSING; PROMOTE SAFE, COMPETITIVE AND AFFORDABLE FRATERNITY HOUSING THROUGH PROPERTY MANAGEMENT RESOURCES AND SERVICES; SUPPORT LOCAL HOUSE CORPORATIONS TO BECOME FINANCIALLY SOUND AND ITS VOLUNTEERS WELL TRAINED.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO BUILD STRONG CHAPTERS THROUGH GREAT HOUSING; PROMOTE SAFE, COMPETITIVE AND AFFORDABLE FRATERNITY HOUSING THROUGH PROPERTY MANAGEMENT RESOURCES AND SERVICES; SUPPORT LOCAL HOUSE CORPORATIONS TO BECOME FINANCIALLY SOUND AND ITS VOLUNTEERS WELL TRAINED.


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Board, Officers & Key Employees

Name (title)Compensation
Greg Somers
CEO
$97,224
Juan Faria
Controller
$0
Mike Corelli
Council Liai
$0
Larry Jones
President
$0
Charlie Boyd
Vice-Preside
$0
Richard Lies
Treasurer
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$43,773
Government grants $21,870
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$65,643
Total Program Service Revenue$3,217,403
Investment income $11,746
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income -$294,432
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 $3,039,395

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Sae Financial And Housing Corporation has recieved totaling $29,400.

Awarding OrganizationAmount
Sigma Alpha Epsilon Foundation

Evanston, IL

PURPOSE: HOUSE LIBRARY GRANT

$29,400
View Grant Recipient Profile

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