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Nonprofiteer
← RICHMOND PROPERTY GROUP LTD

Form 990 for tax year 2022

Filed by RICHMOND PROPERTY GROUP LTD.

Totals

Total revenue
$4,329,116
Total expenses
$3,360,643
Contributions and grants received
$690,365
Grants paid
$0
Program service revenue
$3,569,744
Investment income
$21,702
Other revenue
$47,305
Total assets, end of year
$30,765,105
Total liabilities, end of year
$12,158,746
Net assets or fund balances, end of year
$18,606,359
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

    $690,365

  • 1g · Noncash contributions included above

    $668,405

  • 2a · Program service revenue: RENTAL INCOME

    total $2,151,724 · related or exempt $2,151,724

  • 2b · Program service revenue: HOUSING CORPORATION INSURANCE

    total $814,417 · related or exempt $814,417

  • 2c · Program service revenue: HOUSING FEES & SERVICES

    total $459,052 · related or exempt $459,052

  • 2d · Program service revenue: ADDITIONAL HOUSING ASSESSMENTS

    total $144,551 · related or exempt $144,551

  • 3 · Investment income

    total $21,702 · related or exempt $21,702

  • 6a · Gross rents

    real property $1,803,426

  • 6b · Less rental expenses

    real property $1,804,305

  • 6c · Rental income or loss

    real property -$879

  • 6d · Net rental income or loss

    total -$879 · unrelated business -$879

  • 11a · Other revenue: MISCELLANEOUS

    total $48,184 · related or exempt $48,184

  • 11e · Other revenue, total

    $48,184

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $181,578

  • 7 · Other salaries and wages

    total $280,106

  • 8 · Pension plan contributions

    total $15,923

  • 9 · Other employee benefits

    total $33,043

  • 10 · Payroll taxes

    total $42,733

  • 11b · Fees: legal

    total $12,697

  • 11c · Fees: accounting

    total $18,900

  • 13 · Office expenses

    total $6,780

  • 16 · Occupancy

    total $533,655

  • 17 · Travel

    total $25,912

  • 20 · Interest

    total $133,303

  • 22 · Depreciation, depletion and amortization

    total $631,533

  • 23 · Insurance

    total $737,882

  • 24a · Other expenses: EQUIPMENT RENTAL & MAIN

    total $540,036

  • 24b · Other expenses: FOOD SERVICE EXPENSES

    total $253,380

  • 24c · Other expenses: MISCELLANEOUS

    total $107,012

  • 24d · Other expenses: TELEPHONE

    total $33,366

  • 24e · All other expenses

    total -$227,196

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $498,001 · end of year $684,815

  • 4 · Accounts receivable

    beginning of year $1,434,207 · end of year $1,283,028

  • 7 · Other notes and loans receivable

    beginning of year $341,310 · end of year $342,301

  • 9 · Prepaid expenses and deferred charges

    beginning of year $19,272 · end of year $14,263

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

    $37,017,659

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

    $10,594,365

  • 10c · Land, buildings and equipment, net

    beginning of year $25,203,767 · end of year $26,423,294

  • 11 · Investments: publicly traded securities

    beginning of year $88,834 · end of year $1,845,795

  • 14 · Intangible assets

    beginning of year $73,895 · end of year $56,925

  • 15 · Other assets

    beginning of year $90,891 · end of year $114,684

  • 17 · Accounts payable and accrued expenses

    beginning of year $336,871 · end of year $484,058

  • 19 · Deferred revenue

    beginning of year $1,169,776 · end of year $1,151,722

  • 23 · Secured mortgages and notes payable

    beginning of year $8,605,867 · end of year $10,522,966

  • 27 · Net assets without donor restrictions

    beginning of year $17,124,554 · end of year $18,093,250

  • 28 · Net assets with donor restrictions

    beginning of year $513,109 · end of year $513,109

Mission and programs · 2022

Mission

TO PROVIDE FOR THE MAINTENANCE OF COLLEGIATE CHAPTER HOUSES FOR THE BENEFIT OF ALPHA TAU OMEGA FRATERNITY AND ITS GRADUATE AND UNDERGRADUATE MEMBERS. TO FOSTER EDUCATION, ENCOURAGE HIGH SCHOLARSHIP, AND ASSIST IN THE BUILDING OF CHARACTER.

Activities or mission (Part I)

ADVANCEMENT OF THE SOCIAL AND RECREATIONAL PROGRAMS OF ALPHA TAU OMEGA FRATERNITY, INC.

  • THE CORPORATION PROVIDES STUDENT HOUSING RESOURCES AND SOCIAL, EDUCATIONAL, AND FRATERNAL PROGRAMMING TO AND FOR CHAPTERS AND HOUSE CORPORATIONS OF ALPHA TAU OMEGA FRATERNITY, INC.

As filed on the 2022 return.

Listed in Part VII

  • Will Gooden

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Scott O'Halloran

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mike Semler

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dave Krug

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Chad Matesi

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Wynn Smiley

    CEO

    Total calculated
    $349,100
    From this org
    $0
    From related orgs
    $349,100
    Other
    $0
    Hours/week
    5

    Schedule J breakdown matched by us

    Base
    $0 + $329,100 related
    Bonus
    $0 + $20,000 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $349,100 related

  • Brett Tensfeldt

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Matthew Higgins

    COO, MGMT & FINANCE

    Total calculated
    $181,578
    From this org
    $181,578
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $142,578
    Bonus
    $39,000
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $181,578

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

  • 3 · Compensation committee
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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.

  • ALPHA TAU OMEGA FRATERNITY

    501(C)(7) · TO PROMOTE AND CULTIVATE SOCIAL INTERACTION, EDUCATION, AND DEVELOPMENT · IN

  • ALPHA TAU OMEGA FOUNDATION

    501(C)(3) · GRANTS TO COLLEGE STUDENTS FOR EDUCATION AND LEADERSHIP FUNCTION · IL

  • PLENITUDE INVESTMENTS INC

    501(C)(2) · MAINTAIN INVESTMENTS SOLELY FOR THE BENEFIT OF ALPHA TAU OMEGA FRATERNITY · IN

    Directly controlled by ALPHA TAU OMEGA FRATERNITY INC

  • ATO OPERATIONS LLC

    501(C)(7) · TO PROMOTE AND CULTIVATE SOCIAL INTERACTION, EDUCATION, AND DEVELOPMENT · IN

    Directly controlled by ALPHA TAU OMEGA FRATERNITY INC

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.

  • RPG MANAGEMENT LLC

    MANAGEMENT OPERATIONS · IN · income $751,406 · assets $0

    Directly controlled by RICHMOND PROPERTY GROUP LTD

  • RPG FINANCIAL SERVICES LLC

    INSURANCE OPERATIONS · IN · income $835,647 · assets $2,151,679

    Directly controlled by RICHMOND PROPERTY GROUP LTD

  • RPG DEPAUW LLC

    HOUSING OPERATIONS · IN · income $290,620 · assets $2,136,724

    Directly controlled by RICHMOND PROPERTY GROUP LTD

  • RPG BALL STATE LLC

    HOUSING OPERATIONS · IN · income $271,753 · assets $437,785

    Directly controlled by RICHMOND PROPERTY GROUP LTD

  • RPG GEORGIA LLC

    HOUSING OPERATIONS · IN · income $211,867 · assets $1,533,176

    Directly controlled by RICHMOND PROPERTY GROUP LTD

  • RPG GEORGIA TECH LLC

    HOUSING OPERATIONS · IN · income $150,706 · assets $2,382,818

    Directly controlled by RICHMOND PROPERTY GROUP LTD

  • RPG IDAHO LLC

    HOUSING OPERATIONS · IN · income $204,858 · assets $919,204

    Directly controlled by RICHMOND PROPERTY GROUP LTD

  • RPG INDIANA STATE LLC

    HOUSING OPERATIONS · IN · income $174,047 · assets $626,028

    Directly controlled by RICHMOND PROPERTY GROUP LTD

  • RPG KANSAS LLC

    HOUSING OPERATIONS · IN · income $536,237 · assets $2,512,206

    Directly controlled by RICHMOND PROPERTY GROUP LTD

  • RPG CORNELL LLC

    HOUSING OPERATIONS · IN · income $158,245 · assets $1,130,647

    Directly controlled by RICHMOND PROPERTY GROUP LTD

  • RPG MARSHALL LLC

    HOUSING OPERATIONS · IN · income $96,202 · assets $433,502

    Directly controlled by RICHMOND PROPERTY GROUP LTD

  • RPG MEMPHIS LLC

    HOUSING OPERATIONS · IN · income $92,700 · assets $602,424

    Directly controlled by RICHMOND PROPERTY GROUP LTD

  • RPG MICHIGAN LLC

    HOUSING OPERATIONS · IN · income $264,640 · assets $1,595,507

    Directly controlled by RICHMOND PROPERTY GROUP LTD

  • RPG MINNESOTA LLC

    HOUSING OPERATIONS · IN · income $201,270 · assets $1,023,110

    Directly controlled by RICHMOND PROPERTY GROUP LTD

  • RPG MUHLENBERG LLC

    HOUSING OPERATIONS · IN · income $222,425 · assets $1,139,347

    Directly controlled by RICHMOND PROPERTY GROUP LTD

  • RPG NEW HAMPSHIRE LLC

    HOUSING OPERATIONS · IN · income $98,393 · assets $1,445,374

    Directly controlled by RICHMOND PROPERTY GROUP LTD

  • RPG SOUTH CAROLINA LLC

    HOUSING OPERATIONS · IN · income $383,298 · assets $2,749,322

    Directly controlled by RICHMOND PROPERTY GROUP LTD

  • RPG WASHINGTON 4706 LLC

    HOUSING OPERATIONS · IN · income $64,000 · assets $1,381,901

    Directly controlled by RICHMOND PROPERTY GROUP LTD

  • RPG WASHINGTON 4710 LLC

    HOUSING OPERATIONS · IN · income $0 · assets $1,314,624

    Directly controlled by RICHMOND PROPERTY GROUP LTD

  • RPG WASHINGTON STATE LLC

    HOUSING OPERATIONS · IN · income $516,789 · assets $2,724,169

    Directly controlled by RICHMOND PROPERTY GROUP LTD

  • RPG GEORGIA SOUTHERN LLC

    HOUSING OPERATIONS · IN · income $91,503 · assets $391,923

    Directly controlled by RICHMOND PROPERTY GROUP LTD

  • RPG MARYLAND LLC

    HOUSING OPERATIONS · IN · income $310,956 · assets $2,186,029

    Directly controlled by RICHMOND PROPERTY GROUP LTD

  • RPG MIAMI LLC

    HOUSING OPERATIONS · IN · income $8,247 · assets $3,307,350

    Directly controlled by RICHMOND PROPERTY GROUP LTD

  • RPG CINCINNATI LLC

    HOUSING OPERATIONS · IN · income $668,405 · assets $934,337

    Directly controlled by RICHMOND PROPERTY GROUP LTD

Provenance

Return type
form_990
Tax year
2022
Filed
30 January 2024
IRS schema version
2022v5.0
Source object
202400379349301245

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