Totals
- Total revenue
- $226,309
- Total expenses
- $291,393
- Contributions and grants received
- $66,295
- Grants paid
- $0
- Program service revenue
- $160,000
- Investment income
- $14
- Other revenue
- $0
- Total assets, end of year
- $927,183
- Total liabilities, end of year
- $776,975
- Net assets or fund balances, end of year
- $150,208
- Program services expenses (Part IX)
- $288,084
- Management and general expenses
- $3,309
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $288,084
Program services were 98.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
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
$66,295
-
2a · Program service revenue: RENT INCOME
total $160,000 · related or exempt $160,000
-
3 · Investment income
total $14 · excluded $14
Functional expenses
Part IX, the statement of functional expenses.
-
11a · Fees: management
total $11,404 · program services $11,404
-
11c · Fees: accounting
total $2,850 · management and general $2,850
-
14 · Information technology
total $2,100 · program services $2,100
-
20 · Interest
total $23,389 · program services $23,389
-
22 · Depreciation, depletion and amortization
total $49,994 · program services $49,994
-
23 · Insurance
total $50,994 · program services $50,994
-
24a · Other expenses: REPAIRS AND MAINTENANCE
total $103,047 · program services $103,047
-
24b · Other expenses: TAX:REAL ESTATE
total $31,483 · program services $31,483
-
24c · Other expenses: ALUMNI RELATIONS
total $9,537 · program services $9,537
-
24d · Other expenses: FIRE ALARM
total $6,095 · program services $6,095
-
24e · All other expenses
total $500 · program services $41 · management and general $459
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $83,715 · end of year $49,118
-
2 · Savings and temporary cash investments
beginning of year $24,368 · end of year $30,383
-
10a · Land, buildings and equipment: cost or other basis
$1,399,337
-
10b · Land, buildings and equipment: accumulated depreciation
$551,655
-
10c · Land, buildings and equipment, net
beginning of year $897,676 · end of year $847,682
-
17 · Accounts payable and accrued expenses
beginning of year $1,221 · end of year $9,943
-
25 · Other liabilities
beginning of year $789,246 · end of year $767,032
-
29 · Capital stock, trust principal or current funds
beginning of year $0 · end of year $0
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $215,292 · end of year $150,208
Mission and programs · 2024
Mission
THE ORGANIZATION ASSISTS UNDERGRADUATE STUDENTS AT MASSACHUSETTS INSTITUTE OF TECHNOLOGY BY PROVIDING THEM WITH HOUSING AT REASONABLE RATES FOR RENT, INTEREST FREE LOANS AND OTHER EDUCATIONAL FINANCIAL ASSISTANCE. THE ORGANIZATION ALSO PRODUCES AN ALUMNI NEWSLETTER AND ORGANIZES REUNIONS.
Activities or mission (Part I)
COLLEGE FRATERNITY ALUMNI CORPORATION
-
PROVIDE HOUSING TO UNDERGRADUATE STUDENTS AT REASONABLE RATES OF RENT SO STUDENTS CAN FOCUS ON ACADEMICS. ALSO ORGANIZE REUNIONS AND PRODUCE AN ALUMNI NEWSLETTER.
Expenses $288,084
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Sotirios KaranikasSOTIRIOS KARANIKAS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Alex JaffeALEX JAFFE
CLERK
- Total calculated
- $0
- Hours/week
- 3
-
Sameer DeshpandeSAMEER DESHPANDE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jerome DausmanJEROME DAUSMAN
TREASURER AND ACTING PRESIDENT
- Total calculated
- $0
- Hours/week
- 5
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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 17 February 2026
- IRS schema version
- 2024v5.5
- Source object
- 202640579349301309
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