Indiana Alpha Housing Corporation
- Assets
- $451.5k
- Revenue
- $852.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Indianapolis, IN
- Founding
- 05/2013
- Data as of
- 06/2020
- EIN
- 45-4826767
Organization Overview
Indiana Alpha Housing Corporation is located in Indianapolis, IN. The organization was established in 2013. 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. Indiana Alpha 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 06/2020, Indiana Alpha Housing Corporation generated $852.4k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $569.6k during the year ending 06/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE EXCLUSIVE PURPOSE OF THE CORPORATION SHALL BE FOR PLEASURE AND RECREATION AND, IN FURTHERANCE THEROF, TO ACQUIRE, HOLD, AND LEASE REAL AND PERSONAL PROPERTY FOR A CHAPTER HOUSE AT INDIANA UNIVERSITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ACQUIRE, HOLD, AND LEASE REAL AND PERSONAL PROPERTY FOR A CHAPTER HOUSE AT INDIANA UNIVERSITY. PROVIDING BOARDING OPPORTUNITIES FOR COLLEGIATE MEMBERS OF THE ALPHA CHAPTER OF PHI DELTA THETA FRATERNITY AND PROMOTING THE IDEALS AND MISSIONS OF PHI DELTA THETA FRATERNITY AT INDIANA UNIVERSITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jerry Sweeney President And Treasurer | OfficerTrustee | 2 | $0 |
Edward Valdettaro Secretary | OfficerTrustee | 2 | $0 |
Jim Mcmurray Member-At-Large | Trustee | 1 | $0 |
Ronald Johnson Member-At-Large | Trustee | 1 | $0 |
Alan Johnston Member-At-Large | Trustee | 1 | $0 |
David Oca Member-At-Large | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $91 |
| 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 | $852,446 |
| Statement of Expenses | |
|---|---|
| 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 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 | $0 |
| Fees for services: Accounting | $9,450 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $194,656 |
| Advertising and promotion | $0 |
| Office expenses | $975 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $304,211 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $569,579 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $328,277 |
| Savings and temporary cash investments | $69,273 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $53,945 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $451,495 |
| Accounts payable and accrued expenses | $41,045 |
| 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 | $72,000 |
| Total liabilities | $113,045 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $338,450 |
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|---|---|---|
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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 |