Georgia Alpha Housing Corporation
- Assets
- $1.4m
- Revenue
- $153.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Charlotte, NC
- Founding
- 11/2015
- Data as of
- 06/2022
- EIN
- 47-4666230
Organization Overview
Georgia Alpha Housing Corporation is located in Charlotte, NC. The organization was established in 2015. 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. Georgia 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 06/2022, Georgia Alpha Housing Corporation generated $153.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (5.2%) each year. All expenses for the organization totaled $182.7k during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
GEORGIA ALPHA HOUSING CORPORATION WAS ESTABLISHED TO PROVIDE, ENCOURAGE AND SUPPORT THE EDUCATION AND HOUSING NEEDS FOR THE GEORGIA ALPHA CHAPTER OF THE PHI KAPPA PSI FRATERNITY AT THE UNIVERSITY OF GEORGIA IN ATHENS, GA. IN FULFILLMENT OF OUR MISSION WE PROVIDE UNDERGRADUATE HOUSING FOR FRATERNITY MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE UNDERGRADUATE HOUSING FOR FRATERNITY MEMBERS OF THE PHI KAPPA PSI FRATERNITY AT THE UNIVERSITY OF GEORGIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Baer Vice Preside | OfficerTrustee | 2 | $0 |
Davis Heric Treasurer | OfficerTrustee | 2 | $0 |
William Bosbyshell Jr President | OfficerTrustee | 2 | $0 |
Tim Mitchell Vice Preside | OfficerTrustee | 2 | $0 |
Tyler Williams Secretary | OfficerTrustee | 2 | $0 |
Patrick Ferguson Director | Trustee | 0.5 | $0 |
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 | $152,900 |
| Investment income | $131 |
| 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 | $153,056 |
| 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 | $13,233 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,826 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,627 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $67,229 |
| Travel | $66 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $44,900 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $46,548 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $182,667 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,606 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $11,400 |
| Accounts receivable, net | $0 |
| 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 |
| Net Land, buildings, and equipment | $1,263,810 |
| Investments—publicly traded securities | $51,507 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,352,323 |
| Accounts payable and accrued expenses | $247 |
| 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 | $923,896 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $924,143 |
| Net assets without donor restrictions | $428,180 |
| 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 | $1,352,323 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Georgia Alpha Housing Corporation has recieved totaling $5,983.
| Awarding Organization | Amount |
|---|---|
The Endowment Fund Of The Phi Kappa Psi Fraternity Indianapolis, IN PURPOSE: EDUCATIONAL AREA GRANTS | $5,983 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pi Kappa Phi Properties Inc Charlotte, NC | $36,157,884 | $10,688,194 |
Sigma Phi Epsilon Fraternity Inc Richmond, VA | $54,140,029 | $10,282,777 |
Alpha Omicron Pi Fraternity Inc Brentwood, TN | $57,425,535 | $8,065,959 |
Omega Psi Phi Fraternity Decatur, GA | $10,119,312 | $8,150,669 |
Nautilus Management Inc Memphis, TN | $16,834,211 | $2,172,564 |
The Tau Beta Pi Association Inc Knoxville, TN | $43,758,884 | $4,633,459 |
Sigma Nu Educational Foundation Inc Lexington, VA | $16,834,611 | $2,302,992 |
Pi Kappa Phi Foundation Charlotte, NC | $14,162,556 | $2,105,535 |
Alpha Omega Clinic And Consultation Fairfax, VA | $317,274 | $1,917,356 |
Kappa Alpha Order Educational Foundation Lexington, VA | $13,471,837 | $4,116,886 |
Phi Mu Foundation Peachtree City, GA | $11,103,093 | $1,619,138 |
Alpha Gamma Delta Fraternity Athens, GA | $135,188 | $1,394,894 |