Sigma Kappa National Housing Corp
- Assets
- $43.1m
- Revenue
- $13.9m
- Investments
- $0.0
- Employees
- 47
- Location
- Carmel, IN
- Founding
- 03/1994
- Data as of
- 05/2022
- EIN
- 91-1753026
Organization Overview
Sigma Kappa National Housing Corp is located in Carmel, IN. The organization was established in 1994. According to its NTEE Classification (L03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Housing & Shelter and related organizations. As of 05/2022, Sigma Kappa National Housing Corp employed 47 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Sigma Kappa National Housing Corp is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 05/2022, Sigma Kappa National Housing Corp generated $13.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 40.8% each year . All expenses for the organization totaled $14.3m during the year ending 05/2022. While expenses have increased by 41.3% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO FOSTER SAFE, ATTRACTIVE, AND RELEVANT LIVING AND LEARNING ENVIRONMENTS BY PROVIDING OPERATIONAL SUPPORT, FINANCIAL MANAGEMENT SERVICES, AND FINANCING TO LOCAL HOUSE CORPORATIONS AND FACILITY COMMITTEES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SAFE AND ATTRACTIVE HOUSING FOR MEMBERS OF SIGMA KAPPA SORORITY AS THEY ENGAGE IN COLLEGIATE EDUCATIONAL AND SOCIAL PURSUITS AS UNDERGRADUATE STUDENTS.
PROVIDE EDUCATION AND TRAINING TO HOUSE EMPLOYEES AND OVER 100 VOLUNTEERS THROUGH ONLINE LEARNING PROGRAMS, CONVENTIONS AND CONFERENCES CONDUCTED MONTHLY AND BIENNIALLY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Willis President | OfficerTrustee | 5 | $0 |
Julie Napper VP Finance | OfficerTrustee | 5 | $0 |
Sara Harvey VP Housing Operations | OfficerTrustee | 5 | $0 |
Ann-Marie Fontaine VP Property Management | OfficerTrustee | 5 | $0 |
Emily Shepard VP Programming | OfficerTrustee | 5 | $0 |
Erica Tabano VP Communication | OfficerTrustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Gill Grilling Food Services | 5/30/22 | $388,463 |
College Chefs Food Services | 5/30/22 | $1,227,191 |
Senior Class Food Service Food Services | 5/30/22 | $390,883 |
Campus Cooks Llc Food Services | 5/30/22 | $267,224 |
Cedar Square Ii Property Management | 5/30/22 | $159,120 |
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 | $247,064 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $247,064 |
| Total Program Service Revenue | $13,602,257 |
| Investment income | $40,019 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $170 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,889,510 |
| 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 | $965,972 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $10,762 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $32,015 |
| Fees for services: Accounting | $13,015 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,213,383 |
| Advertising and promotion | $2,763 |
| Office expenses | $95,796 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,602,012 |
| Travel | $161 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,016 |
| Interest | $1,065,910 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,953,890 |
| Insurance | $239,722 |
| All other expenses | $12,197 |
| Total functional expenses | $14,282,323 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,475,218 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $570,701 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $24,882 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $31,981,473 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,078,174 |
| Total assets | $43,130,448 |
| Accounts payable and accrued expenses | $324,830 |
| Grants payable | $0 |
| Deferred revenue | $85,926 |
| 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 | $15,121,579 |
| Other liabilities | $12,864,538 |
| Total liabilities | $28,396,873 |
| Net assets without donor restrictions | $14,733,575 |
| 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 | $43,130,448 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Rental Association Moline, IL | $60,063,193 | $21,216,984 |
Sigma Kappa National Housing Corp Carmel, IN | $43,130,448 | $13,889,510 |
Wisconsin Realtors Association Madison, WI | $21,391,509 | $7,218,750 |
Home Builders Association Of St Louis And Eastern Missouri St Louis, MO | $3,455,460 | $2,766,865 |
Home Builders Association Of Greater Kansas City Kansas City, MO | $3,251,651 | $2,025,305 |
Greater Louisville Association Of Realtors Inc Louisville, KY | $9,529,127 | $1,361,558 |
Capital Area Association Of Realtors Springfield, IL | $1,975,418 | $1,191,335 |
Realtor Association Of Southwestern Illinois Belleville, IL | $873,858 | $852,796 |
Home Builders Association Of Springfield Springfield, MO | $1,425,709 | $548,998 |
Warsaw Senior Citizens Housing Association Joplin, MO | $889,747 | $416,523 |
Hometown Association Of Realtors Sycamore, IL | $111,741 | $419,077 |
Platte Non-Profit Senior Housing Association Platte City, MO | $477,736 | $220,840 |