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← SAE FINANCIAL AND HOUSING CORPORATION

Form 990 for tax year 2024

Filed by SAE FINANCIAL AND HOUSING CORPORATION.

Totals

Total revenue
$4,500,302
Total expenses
$5,078,089
Contributions and grants received
$104,619
Grants paid
$0
Program service revenue
$4,158,391
Investment income
$18,142
Other revenue
$219,150
Total assets, end of year
$23,221,773
Total liabilities, end of year
$13,555,480
Net assets or fund balances, end of year
$9,666,293
Program services expenses (Part IX)
$4,553,296
Management and general expenses
$524,793
Fundraising expenses
$0
Program service expenses (Part III)
$4,553,296

Program services were 89.7% 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.

  • 1d · Related organizations

    $104,619

  • 2a · Program service revenue: Rental Income

    total $3,322,977 · related or exempt $3,322,977

  • 2b · Program service revenue: Other management fees

    total $561,589 · related or exempt $561,589

  • 2c · Program service revenue: Parlor fee

    total $273,825 · related or exempt $273,825

  • 3 · Investment income

    total $18,142 · unrelated business $18,142

  • 6a · Gross rents

    real property $125,200

  • 6b · Less rental expenses

    real property $136,927

  • 6c · Rental income or loss

    real property -$11,727

  • 6d · Net rental income or loss

    total -$11,727 · unrelated business -$11,727

  • 11a · Other revenue: Miscellaneous

    total $229,687 · related or exempt $229,687

  • 11b · Other revenue: Merchant processing fe

    total $1,190 · related or exempt $1,190

  • 11e · Other revenue, total

    $230,877

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $957,428 · program services $670,199 · management and general $287,229

  • 11b · Fees: legal

    total $19,251 · program services $17,757 · management and general $1,494

  • 11c · Fees: accounting

    total $58,848 · program services $27,169 · management and general $31,679

  • 11g · Fees: other

    total $308,093 · program services $308,093

  • 13 · Office expenses

    total $77,744 · program services $73,959 · management and general $3,785

  • 16 · Occupancy

    total $1,294,959 · program services $1,288,959 · management and general $6,000

  • 17 · Travel

    total $148,150 · program services $77,763 · management and general $70,387

  • 19 · Conferences, conventions and meetings

    total $566 · management and general $566

  • 20 · Interest

    total $562,546 · program services $535,476 · management and general $27,070

  • 22 · Depreciation, depletion and amortization

    total $1,240,491 · program services $1,240,491

  • 23 · Insurance

    total $190,095 · program services $174,495 · management and general $15,600

  • 24a · Other expenses: Miscellaneous

    total $56,308 · program services $50,875 · management and general $5,433

  • 24b · Other expenses: Support

    total $55,689 · management and general $55,689

  • 24c · Other expenses: House development costs

    total $42,352 · program services $42,352

  • 24d · Other expenses: Licensing fees

    total $33,538 · program services $33,538

  • 24e · All other expenses

    total $32,031 · program services $12,170 · management and general $19,861

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $172,527 · end of year $350,798

  • 2 · Savings and temporary cash investments

    beginning of year $120,000 · end of year $120,000

  • 4 · Accounts receivable

    beginning of year $386,876 · end of year $462,813

  • 9 · Prepaid expenses and deferred charges

    beginning of year $95,608 · end of year $129,493

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

    $33,079,087

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

    $12,017,638

  • 10c · Land, buildings and equipment, net

    beginning of year $22,116,394 · end of year $21,061,449

  • 11 · Investments: publicly traded securities

    beginning of year $792,170 · end of year $995,138

  • 14 · Intangible assets

    beginning of year $131,276 · end of year $102,082

  • 17 · Accounts payable and accrued expenses

    beginning of year $155,609 · end of year $216,011

  • 19 · Deferred revenue

    beginning of year $25,000 · end of year $50,000

  • 23 · Secured mortgages and notes payable

    beginning of year $13,463,159 · end of year $13,122,964

  • 25 · Other liabilities

    beginning of year $30,317 · end of year $166,505

  • 27 · Net assets without donor restrictions

    beginning of year $10,140,766 · end of year $9,666,293

Mission and programs · 2024

Mission

To build strong chapters through great housing; promote safe, competitive and affordable fraternity housing through property management resources and services; support local house corporations to become financially sound and its volunteers well trained.

  • To build strong chapters through great housing; promote safe, competitive and affordable fraternity housing through property management resources and services; support local house corporations to become financially sound and its volunteers well trained.

    Expenses $4,553,296

As filed on the 2024 return.

Listed in Part VII

  • Lance DeNardin

    President

    Total calculated
    $0
    Hours/week
    10

  • Rex Carlson

    Vice President

    Total calculated
    $0
    Hours/week
    2

  • Larry Jones

    Vice President

    Total calculated
    $0
    Hours/week
    2

  • Richard Lies

    Treasurer

    Total calculated
    $0
    Hours/week
    2

  • William McCann

    Secretary

    Total calculated
    $0
    Hours/week
    2

  • Greg Somers

    CEO

    Total calculated
    $186,696
    From this org
    $0
    From related orgs
    $162,514
    Other
    $24,182
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $162,514 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $24,182 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $186,696 related

  • Juan Faria

    Sr Director of Finance

    Total calculated
    $98,404
    From this org
    $0
    From related orgs
    $89,792
    Other
    $8,612
    Hours/week
    14 + 26 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.

  • New Mexico Tau Housing LLC

    Housing · IL · income $117,398 · assets $1,645,861

  • North Dakota Alpha Housing LLC

    Housing · IL · income $97,830 · assets $545,833

  • Washington Beta Housing LLC

    Housing · IL · income $125,200 · assets $559,548

  • Oregon Beta Housing LLC

    Housing · IL · income $319,007 · assets $2,570,103

  • Ohio Gamma Housing LLC

    Housing · IL · income $207,736 · assets $553,192

  • New Hampshire Beta Housing LLC

    Housing · IL · income $252,044 · assets $825,339

  • Michigan Gamma Housing LLC

    Housing · IL · income $393,056 · assets $3,346,894

  • Michigan Delta Housing LLC

    Housing · IL · income $23,341 · assets $229,044

  • Indiana Gamma Housing LLC

    Housing · IL · income $730,350 · assets $2,971,564

  • Indiana Delta Housing LLC

    Housing · IL · income $385,783 · assets $1,066,724

  • Illinois Beta Housing LLC

    Housing · IL · income $364,526 · assets $959,549

  • Ohio Tau Housing LLC

    Housing · IL · income $470,336 · assets $2,613,037

  • Greek Housing Management LLC

    Housing · IL · income $579,638 · assets $140,768

  • Idaho Alpha Housing LLC

    Housing · IL · income $88,755 · assets $2,046,309

  • Ohio Theta Housing LLC

    Housing · IL · income $257,232 · assets $1,515,001

Provenance

Return type
form_990
Tax year
2024
Filed
15 May 2026
IRS schema version
2024v5.5
Source object
202611359349307596

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