Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: HOUSING PROGRAM REVENU

  total $973,500 · related or exempt $973,500

• 2b · Program service revenue: RENTAL INCOME

  total $604,410 · related or exempt $604,410

• 3 · Investment income

  total $8,497 · unrelated business $8,497

• 5 · Royalties

  total $40,058 · unrelated business $40,058

• 11a · Other revenue: OTHER INCOME

  total $6,207 · related or exempt $6,207

• 11e · Other revenue, total

  $6,207

Functional expenses

Part IX, the statement of functional expenses.

• 7 · Other salaries and wages

  total $83,954

• 9 · Other employee benefits

  total $107

• 10 · Payroll taxes

  total $126

• 11a · Fees: management

  total $52,095

• 11b · Fees: legal

  total $26,732

• 11c · Fees: accounting

  total $20,374

• 11g · Fees: other

  total $1,002

• 13 · Office expenses

  total -$5,310

• 16 · Occupancy

  total $770,545

• 17 · Travel

  total $17,115

• 19 · Conferences, conventions and meetings

  total $108,633

• 20 · Interest

  total $119,713

• 22 · Depreciation, depletion and amortization

  total $60,929

• 23 · Insurance

  total $42,027

• 24a · Other expenses: ALLOCATED OVERHEAD

  total $26,855

• 24b · Other expenses: MISCELLANEOUS

  total $328

• 24c · Other expenses: BAD DEBT

  total -$2,739

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,330,985 · end of year $250,983

• 2 · Savings and temporary cash investments

  end of year $758,497

• 4 · Accounts receivable

  beginning of year $110,529 · end of year $109,657

• 9 · Prepaid expenses and deferred charges

  beginning of year $502,577 · end of year $422,238

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

  $2,496,062

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

  $306,569

• 10c · Land, buildings and equipment, net

  beginning of year $1,981,202 · end of year $2,189,493

• 15 · Other assets

  beginning of year $245,260 · end of year $0

• 17 · Accounts payable and accrued expenses

  beginning of year $11,587 · end of year $3,109

• 19 · Deferred revenue

  beginning of year $778,813 · end of year $784,084

• 23 · Secured mortgages and notes payable

  beginning of year $1,654,044 · end of year $897,111

• 24 · Unsecured notes and loans payable

  beginning of year $405,309 · end of year $387,513

• 25 · Other liabilities

  beginning of year $34,794 · end of year $62,859

• 27 · Net assets without donor restrictions

  beginning of year $1,286,006 · end of year $1,596,192

The filer's explanations (Part III)

PART I, LINE 3

COMPENSATION IS PAID BY A RELATED ORGANIZATION, BETA THETA PI FRATERNITY. THE BOARD OF TRUSTEES OF THE BETA THETA PI FRATERNITY, THROUGH THE GENERAL SECRETARY, CONDUCTED AN ANNUAL PERFORMANCE AND COMPENSATION REVIEW FOR THE CEO BASED UPON THE TERMS OF THE CEO'S EMPLOYMENT CONTRACT. THE TRUSTEES REVIEWING THE EXECUTIVE COMPENSATION WERE NOT RELATED TO ANY OTHER TRUSTEE OR EXECUTIVE BY FAMILY OF BUSINESS CONNECTION. THE BOARD ANNUALLY REVIEWS OTHER PEER ORGANIZATIONS' 990S TO DETERMINE COMPENSATION FOR THE CEO.

Disregarded entities

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

• GFHC PROPERTY MANAGEMENT LLC

  PROPERTY MANAGEMENT · OH

  Directly controlled by BETA THEA PI GENERAL FRATERNITY HOUSE CORP

• GFHC IOWA

  PROPERTY MANAGEMENT · OH · income $344,858 · assets $999,304

  Directly controlled by BETA THEA PI GENERAL FRATERNITY HOUSE CORP

• GFHC 219 LLC

  PROPERTY MANAGEMENT · OH · income $286,984 · assets $1,600,614

  Directly controlled by BETA THEA PI GENERAL FRATERNITY HOUSE CORP