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Nonprofiteer
← ALPHA CHI OMEGA NATIONAL HOUSING CORPORATION

Form 990 for tax year 2023

Filed by ALPHA CHI OMEGA NATIONAL HOUSING CORPORATION.

Totals

Total revenue
$21,727,710
Total expenses
$21,343,059
Contributions and grants received
$660,800
Grants paid
$165,019
Program service revenue
$20,462,776
Investment income
$328,590
Other revenue
$275,544
Total assets, end of year
$94,747,497
Total liabilities, end of year
$40,327,703
Net assets or fund balances, end of year
$54,419,794
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $660,800

  • 2a · Program service revenue: RENTAL INCOME

    total $19,725,024 · related or exempt $19,725,024

  • 2b · Program service revenue: MEMBERSHIP DUES

    total $690,489 · related or exempt $690,489

  • 2c · Program service revenue: LOCAL HOUSING CORP MANAGEMENT

    total $47,263 · related or exempt $47,263

  • 3 · Investment income

    total $340,398 · related or exempt $17,232 · unrelated business $323,166

  • 7b · Less cost or other basis and sales expenses

    other assets $11,808

  • 7c · Gain or loss

    other assets -$11,808

  • 7d · Net gain or loss

    total -$11,808 · excluded -$11,808

  • 11a · Other revenue: OTHER INCOME

    total $275,544 · related or exempt $275,544

  • 11e · Other revenue, total

    $275,544

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $165,019

  • 5 · Compensation of officers, directors and key employees

    total $49,142

  • 7 · Other salaries and wages

    total $687,195

  • 9 · Other employee benefits

    total $48,456

  • 10 · Payroll taxes

    total $57,253

  • 11a · Fees: management

    total $382,734

  • 11b · Fees: legal

    total $15,525

  • 11c · Fees: accounting

    total $36,105

  • 11g · Fees: other

    total $867,951

  • 13 · Office expenses

    total $8,980

  • 14 · Information technology

    total $4,923

  • 16 · Occupancy

    total $6,167,524

  • 17 · Travel

    total $152,121

  • 20 · Interest

    total $1,682,263

  • 22 · Depreciation, depletion and amortization

    total $5,341,988

  • 23 · Insurance

    total $334,576

  • 24a · Other expenses: FOOD SERVICE

    total $5,103,473

  • 24b · Other expenses: OTHER

    total $237,831

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $7,216,101 · end of year $8,742,274

  • 3 · Pledges and grants receivable

    beginning of year $15,411,873 · end of year $15,375,000

  • 4 · Accounts receivable

    beginning of year $254,097 · end of year $117,238

  • 7 · Other notes and loans receivable

    beginning of year $372,683 · end of year $350,890

  • 9 · Prepaid expenses and deferred charges

    beginning of year $151,676 · end of year $161,360

  • 10a · Land, buildings and equipment: cost or other basis

    $108,945,275

  • 10b · Land, buildings and equipment: accumulated depreciation

    $39,400,935

  • 10c · Land, buildings and equipment, net

    beginning of year $71,065,154 · end of year $69,544,340

  • 15 · Other assets

    beginning of year $409,991 · end of year $456,395

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,385,827 · end of year $1,692,435

  • 23 · Secured mortgages and notes payable

    beginning of year $33,885,463 · end of year $34,774,051

  • 25 · Other liabilities

    beginning of year $4,575,142 · end of year $3,861,217

  • 27 · Net assets without donor restrictions

    beginning of year $35,339,665 · end of year $35,854,500

  • 28 · Net assets with donor restrictions

    beginning of year $18,695,478 · end of year $18,565,294

Mission and programs · 2023

Mission

TO ENHANCE THE EXPERIENCE OF ALPHA CHI OMEGA'S COLLEGIATE MEMBERS THROUGH THE PROMOTION, SUPPORT AND DEVELOPMENT OF APPROPRIATE, DESIRABLE AND SAFE FACILITIES.

Activities or mission (Part I)

THE ALPHA CHI OMEGA NATIONAL HOUSING CORPORATION ENHANCES THE REAL. STRONG. WOMEN. EXPERIENCE BY PROVIDING SAFE AND COMPETITIVE FACILITIES WHERE MEMBERS CONNECT, LEAD, GROW AND SERVE.

  • THE ALPHA CHI OMEGA NATIONAL HOUSING CORPORATION (NHC) IS DEDICATED TO PROVIDING A SPACE FOR OUR MEMBERS TO SHARE WITH THEIR SISTERS, STUDY, CELEBRATE AND MAKE MEMORIES. THE NHC TEAM IS RESPONSIBLE FOR COLLEGIATE CHAPTER FACILITIES WHICH ARE OWNED, LEASED OR MANAGED BY THE NHC.

As filed on the 2023 return.

Listed in Part VII

  • Donna McGrath Klinge

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Nancy Spanich Waiss

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Lindsay Hicks

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Janis Rose Hurter

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Jill Sabatino Lacy

    NATIONAL VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Anna Clovis Ritchie

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Brooke Smith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Melanie Goerke

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Katie Gaffin

    CEO

    Total calculated
    $236,300
    From this org
    $0
    From related orgs
    $227,556
    Other
    $8,744
    Hours/week
    6 + 34 related

    Schedule J breakdown matched by us

    Base
    $0 + $227,556 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $8,744 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $236,300 related

  • Julie Goldsberry

    SENIOR FINANCIAL CONTROLLE

    Total calculated
    $142,801
    From this org
    $0
    From related orgs
    $139,835
    Other
    $2,966
    Hours/week
    4 + 36 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

PART I, LINE 3
THE COMPENSATION OF THE CEO IS SET BY THE ALPHA CHI OMEGA FRATERNITY'S NATIONAL COUNCIL. THE FRATERNITY ACTS AS THE COMMON PAYMASTER FOR ALL FOUR ALPHA CHI OMEGA CORPORATIONS AND ALLOCATES A PORTION OF THE CEO'S SALARY TO EACH CORPORATION (INCLUDING THE NHC). BENCHMARK DATA RELATED TO THE CEO'S COMPENSATION IS OBTAINED ANNUALLY BY THE NATIONAL COUNCIL FROM SEVERAL PUBLISHED SALARY SURVEYS. THE NATIONAL COUNCIL REVIEWS THE BENCHMARK DATA AND ENSURES THAT THE DATA POINTS ARE RELATED TO POSITIONS COMPARABLE TO ALPHA CHI OMEGA'S CEO POSITION. THE NATIONAL COUNCIL THEN MEETS IN EXECUTIVE SESSION, COMPARES APPROPRIATE BENCHMARK DATA POINTS TO THE CEO'S ACTUAL COMPENSATION, DETERMINES CHANGES TO THE CEO'S COMPENSATION IF APPROPRIATE, AND DIRECTS THE FRATERNITY'S PAYROLL STAFF TO MAKE THOSE CHANGES. NO MINUTES ARE KEPT OF THE DELIBERATIONS.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
3 April 2025
IRS schema version
2023v6.0
Source object
202500939349302030

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