Gamma Psi House Corporation

Organization Overview

Gamma Psi House Corporation is located in Smyrna, GA. The organization was established in 1969. 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. Gamma Psi House 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, Gamma Psi House Corporation generated $220.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.8% each year. All expenses for the organization totaled $163.8k during the year ending 06/2022. While expenses have increased by 7.3% per year over the past 7 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THIS CORPORATION OWNS THE FRATERNITY HOUSE STRUCTURE AND THE LAND ON WHICH THE HOUSE SETTLES, AND MANAGES IT TO THE BENEFIT OF THE UNDERGRADUATE MEMBERS OF THE GAMMA PSI CHAPTER OF THE DELTA TAU DELTA FRATERNITY. THE HOUSE IS RENTED TO THE CHAPTER WITH THE PROCEEDS USED TO MAINTAIN THE FACILITY AND PAY INSURANCE PREMIUMS AND PROPERTY TAXES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

MAINTENANCE AND REPAIR


INSURANCE


PROPERTY TAXES


RENOVATIONS MADE TO EXISTING BUILDING


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Board, Officers & Key Employees

Name (title)Compensation
Irving Hoffman
Treasurer/vp
$0
Howell Reddeck
President Of
$0
Robert Gotsch
Board Member
$0
Cody Jung
Board Member
$0
Jeff Mcnabb
Board Member
$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$111,424
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$111,424
Total Program Service Revenue$109,257
Investment income $11
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 $220,692

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