Constantine Housing Initiative Inc
- Assets
- $4.0m
- Revenue
- $985.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Evanston, IL
- Founding
- 10/2018
- Data as of
- 07/2023
- EIN
- 82-2214735
Organization Overview
Constantine Housing Initiative Inc is located in Evanston, IL. The organization was established in 2018. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Constantine Housing Initiative Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 07/2023, Constantine Housing Initiative Inc generated $985.6k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 24.5% each year . All expenses for the organization totaled $362.4k during the year ending 07/2023. While expenses have increased by 13.3% per year over the past 5 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE, PRESERVE AND PROTECT STUDENT HOUSING OPPORTUNITIES THAT STRENGTHEN THE SIGMA CHI FRATERNITY UNDERGRADUATE EXPERIENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PRESERVE AND PROTECT SIGMA CHI FRATERNITY REAL ESTATE ASSETS FOR THE BENEFIT OF SIGMA CHI UNDERGRADUATE FRATERNITY CHAPTERS THROUGH THE SUPPORT, OWNERSHIP, AND MANAGEMENT OF THE REAL ESTATE ASSETS. (A) OBTAIN THROUGH CONTRIBUTION OR PURCHASE SIGMA CHI FRATERNITY CHAPTER HOUSE FACILITIES TO ALLOW FOR CONSISTENT PROFESSIONAL MANAGEMENT OF FRATERNITY CHAPTER HOUSE MEETING AND HOUSING FACILITIES. AFTER ACQUISITION OF PROPERTY, COMPREHENSIVE PROPERTY ANALYSIS WILL BE PERFORMED ON FACILITY TO STRATEGICALLY IDENTIFY AND PRIORITIZE NEEDS FOR PRESERVATION AND PROTECTION OF PROPERTY AND OF MEMBERS USING THE FACILITY. (B) OBTAINING SIGMA CHI CHAPTER HOUSE REAL ESTATE THROUGH CONTRIBUTION OR PURCHASE IS UNDER RESEARCH WITH PURCHASE LIMITED BY FACILITY COST AND FUNDING LIMITATIONS. (C) SIGMA CHI FRATERNITY CHAPTERS ARE LOCATED ACROSS THE COUNTRY AND MARKETING AND ACQUISITION OF PROPERTY SUPPORT AND MANAGEMENT ACTIVITIES IS PERFORMED BY CHI STAFF AND DIRECTORS AND SIGMA CHI FRATERNITY VOLUNTEERS (INCLUDING GRANT TRUSTEES). (D) MATERIALS DEVELOPED BY CHI WILL BE PRODUCED REMOTELY FROM EVANSTON, ILLINOIS AND PROVIDED ELECTRONICALLY.
TO PROVIDE SAFE FRATERNITY MEMBER SOCIAL MEETING AND HOUSING FACILITIES TO COLLEGE AGE MEN WHO ARE MEMBERS OR PROSPECTIVE MEMBERS OF SIGMA CHI FRATERNITY. (A) THROUGH MANAGEMENT OR OWNERSHIP OF CHAPTER HOUSE FACILITIES, CHI WILL WORK WITH SIGMA CHI FRATERNITY CHAPTERS WHO WILL IN TURN PROVIDE ROOM & BOARD, BOARD ONLY, OR SOCIAL GATHERING (PARLOR) LEASES TO ITS COLLEGE MEMBERS. (B) CHAPTER HOUSE FACILITIES MANAGEMENT AND LEASE SUPPORT ARE ONGOING EFFORTS BY CHI STAFF. (C) CHI STAFF AND DIRECTORS OFFER GUIDANCE AND ADVICE ON PROPERTY MANAGEMENT OF CHAPTER HOUSE FACILITIES IN CONCERT WITH LOCALLY ELECTED OR APPOINTED VOLUNTEERS.
TO MANAGE A COMPREHENSIVE FRATERNITY CHAPTER HOUSE SAFETY ASSESSMENT PROGRAM FOR SIGMA CHI CHAPTERS WHO ARE MEMBERS OF THE RISK MANAGEMENT FOUNDATION. (A) PROVIDE AN INDEPENDENT, PROPERTY INSPECTOR FOR SAFETY ANALYSIS OF SIGMA CHI CHAPTER HOUSE MEETING AND HOUSING FACILITIES; SO AS TO IDENTIFY AND PRIORITIZE NEEDS FOR PRESERVATION AND SAFE USE BY SIGMA CHI FRATERNITY MEMBERS. (B) THIS INSPECTION PROGRAM WAS INITIATED IN FALL 2017 AND CONTINUES ANNUALLY. (C) THE INSPECTION PROGRAM WILL BE OUTSOURCED TO THIRD PARTIES FOR INSPECTION AND REPORTING. COMPREHENSIVE ANALYSIS PROVIDED BY STAFF AND THE DIRECTORS OF CHI.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Chairman | OfficerTrustee | 10 | $0 |
Name Not Listed Vice Chairman | OfficerTrustee | 10 | $0 |
Name Not Listed Secretary/treasurer | OfficerTrustee | 5 | $0 |
Name Not Listed Director | Trustee | 5 | $0 |
Name Not Listed Director | Trustee | 5 | $0 |
Name Not Listed Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $515,000 |
| 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 | $515,000 |
| Total Program Service Revenue | $470,572 |
| Investment income | $15 |
| 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 | $985,587 |
| 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 | $4,030 |
| Fees for services: Legal | $3,165 |
| Fees for services: Accounting | $9,092 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,475 |
| Advertising and promotion | $0 |
| Office expenses | $15,232 |
| Information technology | $5,318 |
| Royalties | $0 |
| Occupancy | $4,257 |
| Travel | $57,452 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,636 |
| Interest | $49,046 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $42,243 |
| Insurance | $6,705 |
| All other expenses | $6,155 |
| Total functional expenses | $362,352 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $163,825 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $60,841 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,214,115 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,576,656 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,015,437 |
| Accounts payable and accrued expenses | $139,072 |
| 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 | $2,255,711 |
| Total liabilities | $2,394,783 |
| Net assets without donor restrictions | $1,620,654 |
| 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 | $4,015,437 |