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← NAUTILUS MANAGEMENT INC

Form 990 for tax year 2022

Filed by NAUTILUS MANAGEMENT INC.

Totals

Total revenue
$3,275,750
Total expenses
$4,554,940
Contributions and grants received
$59,667
Grants paid
$0
Program service revenue
$3,158,642
Investment income
$55,619
Other revenue
$1,822
Total assets, end of year
$34,142,658
Total liabilities, end of year
$34,857,403
Net assets or fund balances, end of year
-$714,745
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

    $59,667

  • 2a · Program service revenue: MEMBER REVENUE

    total $3,064,892 · related or exempt $3,064,892

  • 2b · Program service revenue: INTEREST ON HOUSING LO

    total $93,750 · related or exempt $93,750

  • 3 · Investment income

    total $55,619 · unrelated business $55,619

  • 11a · Other revenue: OTHER INCOME

    total $1,822 · related or exempt $1,822

  • 11e · Other revenue, total

    $1,822

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $178,995

  • 9 · Other employee benefits

    total $2,661

  • 10 · Payroll taxes

    total $16,962

  • 11b · Fees: legal

    total $37,975

  • 11c · Fees: accounting

    total $2,549

  • 11g · Fees: other

    total $847,057

  • 13 · Office expenses

    total $187,934

  • 14 · Information technology

    total $54,028

  • 16 · Occupancy

    total $1,334,663

  • 17 · Travel

    total $4,380

  • 19 · Conferences, conventions and meetings

    total $30,354

  • 20 · Interest

    total $857,802

  • 22 · Depreciation, depletion and amortization

    total $933,962

  • 23 · Insurance

    total $65,597

  • 24a · Other expenses: BAD DEBT EXPENSE

    total $21

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,354,156 · end of year $4,839,773

  • 4 · Accounts receivable

    beginning of year $86,271 · end of year $144,639

  • 7 · Other notes and loans receivable

    beginning of year $2,500,000 · end of year $2,500,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $172,365 · end of year $148,977

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

    $26,670,142

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

    $1,509,193

  • 10c · Land, buildings and equipment, net

    beginning of year $20,888,182 · end of year $25,160,949

  • 15 · Other assets

    beginning of year $690,485 · end of year $1,348,320

  • 17 · Accounts payable and accrued expenses

    beginning of year $168,414 · end of year $1,235,508

  • 19 · Deferred revenue

    beginning of year $153,782 · end of year $133,302

  • 23 · Secured mortgages and notes payable

    beginning of year $15,354,095 · end of year $20,315,507

  • 24 · Unsecured notes and loans payable

    beginning of year $12,732,302 · end of year $12,765,506

  • 25 · Other liabilities

    beginning of year $44,586 · end of year $407,580

  • 27 · Net assets without donor restrictions

    beginning of year -$29,725 · end of year -$714,745

  • 28 · Net assets with donor restrictions

    beginning of year $268,005 · end of year $0

Mission and programs · 2022

Mission

SEE SCHEDULE O TO DEVELOP, FOSTER AND MAINTAIN SISTERHOOD AND SOCIAL INTERACTION AT FACILITIES OF KAPPA DELTA SORORITY THROUGH OWNING, OPERATING, PROVIDING SERVICES TO SUPPORT, OR OTHERWISE HELPING TO MAINTAIN STUDENT HOUSING FACILITIES WHERE SORORITY MEMBERS LIVE TOGETHER, COMMINGLE OR ENGAGE IN SOCIAL AND RECREATIONAL ACTIVITIES TO ADVANCE THE SORORITY'S AND THE CORPORATION'S PURPOSE OF GOOD FELLOWSHIP AND A POSITIVE MEMBERSHIP EXPERIENCE.

Activities or mission (Part I)

TO OWN, OPERATE, PROVIDE SERVICES TO SUPPORT, OR OTHERWISE MAINTAIN STUDENT HOUSING FACILITIES WHERE KAPPA DELTA SORORITY MEMBERS LIVE TOGETHER, COMMINGLE OR ENGAGE IN SOCIAL AND RECREATIONAL ACTIVITIES TO ADVANCE THE SORORITY'S MISSION AND OBJECTIVES.

  • HOUSING: PROVIDING STUDENT HOUSING SOLUTIONS FOR OUR MEMBERS AT LOCATIONS OF KAPPA DELTA SORORITY BY RENTING, PURCHASING OR BUILDING FACILITIES AND PROVIDING RELATED MANAGEMENT SERVICES.

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Susan Stocton

    PRESIDENT

    Total calculated
    $1,000
    From this org
    $0
    From related orgs
    $1,000
    Other
    $0
    Hours/week
    2 + 10 related

  • Julie Wendell

    VICE PRESIDENT/SECRETARY

    Total calculated
    $0
    Hours/week
    2 + 10 related

  • Sarah Dubbert

    VICE PRESIDENT/TREASURER

    Total calculated
    $600
    From this org
    $0
    From related orgs
    $600
    Other
    $0
    Hours/week
    2 + 10 related

  • Margaret Waples

    EXECUTIVE DIRECTOR

    Total calculated
    $268,833
    From this org
    $0
    From related orgs
    $264,006
    Other
    $4,827
    Hours/week
    5 + 37.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $264,006 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $4,788 related
    Nontaxable benefits
    $0 + $39 related
    Filer's total
    $0 + $268,833 related

  • Joelle Shearin

    DIRECTOR OF FINANCE

    Total calculated
    $174,436
    From this org
    $0
    From related orgs
    $159,861
    Other
    $14,575
    Hours/week
    5 + 37.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $159,861 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $5,060 related
    Nontaxable benefits
    $0 + $9,515 related
    Filer's total
    $0 + $174,436 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

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

No itemized grants to organizations 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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • GAMMA IOTA LLC

    HOUSING RELATED ACTIVITIES · IN · income $296,983 · assets $5,969,719

    Directly controlled by NAUTILUS MANAGEMENT INC

  • THETA THETA LLC

    HOUSING RELATED ACTIVITIES · IN · income $658,332 · assets $2,459,325

    Directly controlled by NAUTILUS MANAGEMENT INC

  • SIGMA PSI LLC

    HOUSING RELATED ACTIVITIES · IN · income $337,238 · assets $6,009,603

    Directly controlled by NAUTILUS MANAGEMENT INC

  • THETA NU LLC

    HOUSING RELATED ACTIVITIES · IN · income $951,485 · assets $14,894,529

    Directly controlled by NAUTILUS MANAGEMENT INC

  • KAPPA DELTA HOUSING LLC

    HOUSING RELATED ACTIVITIES · IN · income $664,401 · assets $641,169

    Directly controlled by NAUTILUS MANAGEMENT INC

  • THETA IOTA LLC

    HOUSING RELATED ACTIVITIES · IN · income $0 · assets $0

    Directly controlled by NAUTILUS MANAGEMENT INC

  • ALPHA LAMBDA

    HOUSING RELATED ACTIVITIES · IN · income $693,475 · assets $3,151,665

    Directly controlled by NAUTILUS MANAGEMENT INC

Provenance

Return type
form_990
Tax year
2022
Filed
12 June 2024
IRS schema version
2022v5.0
Source object
202431699349300018

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