Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $1,517,088

• 2a · Program service revenue: HOUSING FEES

  total $18,911,423 · related or exempt $18,911,423

• 2b · Program service revenue: HOUSE CORP PROGRAM FEES

  total $1,611,741 · related or exempt $1,611,741

• 2c · Program service revenue: RENTAL INCOME FROM AFFILIATES

  total $220,760 · related or exempt $220,760

• 3 · Investment income

  total $105,124 · unrelated business $105,124

• 7a · Gross sales of assets other than inventory

  other assets $16,195

• 7b · Less cost or other basis and sales expenses

  other assets $24,162

• 7c · Gain or loss

  other assets -$7,967

• 7d · Net gain or loss

  total -$7,967 · excluded -$7,967

• 11a · Other revenue: GAIN ON CASUALTY LOSS

  total $4,463,717 · related or exempt $4,463,717

• 11b · Other revenue: OTHER INCOME

  total $192,381 · related or exempt $192,381

• 11e · Other revenue, total

  $4,656,098

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $5,527

• 5 · Compensation of officers, directors and key employees

  total $127,147

• 7 · Other salaries and wages

  total $1,870,531

• 9 · Other employee benefits

  total $162,914

• 10 · Payroll taxes

  total $137,692

• 11a · Fees: management

  total $936

• 11b · Fees: legal

  total $67,953

• 11c · Fees: accounting

  total $58,295

• 11e · Fees: professional fundraising services

  total $144,248

• 11f · Fees: investment management

  total $10,873

• 11g · Fees: other

  total $20,430

• 13 · Office expenses

  total $490,882

• 16 · Occupancy

  total $5,860,885

• 17 · Travel

  total $92,216

• 19 · Conferences, conventions and meetings

  total $150

• 20 · Interest

  total $2,356,543

• 22 · Depreciation, depletion and amortization

  total $3,658,942

• 23 · Insurance

  total $1,513,107

• 24a · Other expenses: MEAL SERVICE EXPENSE

  total $6,452,333

• 24b · Other expenses: BAD DEBT EXPENSE

  total $548,713

• 24c · Other expenses: CREDIT CARD FEES

  total $449,934

• 24d · Other expenses: MISCELLANEOUS EXPENSE

  total $84,720

• 24e · All other expenses

  total $49,730

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $560,795 · end of year $893,213

• 2 · Savings and temporary cash investments

  beginning of year $3,994,733 · end of year $8,059,478

• 3 · Pledges and grants receivable

  beginning of year $26,200 · end of year $655,017

• 4 · Accounts receivable

  beginning of year $3,004,980 · end of year $4,840,363

• 8 · Inventories for sale or use

  beginning of year $13,617 · end of year $13,617

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

  $109,638,254

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

  $46,754,741

• 10c · Land, buildings and equipment, net

  beginning of year $64,923,394 · end of year $62,883,513

• 11 · Investments: publicly traded securities

  beginning of year $1,215,071 · end of year $1,238,419

• 15 · Other assets

  beginning of year $1,487,194 · end of year $13,938,613

• 17 · Accounts payable and accrued expenses

  beginning of year $899,463 · end of year $3,409,769

• 19 · Deferred revenue

  beginning of year $79,367 · end of year $83,042

• 23 · Secured mortgages and notes payable

  beginning of year $46,110,507 · end of year $56,356,013

• 25 · Other liabilities

  beginning of year $4,241,160 · end of year $3,172,022

• 27 · Net assets without donor restrictions

  beginning of year $23,869,287 · end of year $28,846,370

• 28 · Net assets with donor restrictions

  beginning of year $26,200 · end of year $655,017

The filer's explanations (Part III)

PART I, LINE 3

THE ORGANIZATION'S EXECUTIVE DIRECTOR IS COMPENSATED THROUGH KAPPA ALPHA THETA FRATERNITY. THE ORGANIZATION ALSO USED THE SERVICES OF KAPPA ALPHA THETA FRATERNITY'S CHIEF EXECUTIVE OFFICER AND CHIEF FINANCIAL OFFICER (A RELATED ORGANIZATION, SEE SCHEDULE R). THE FRATERNITY ESTABLISHES THE COMPENSATION OF THE CHIEF EXECUTIVE OFFICER USING A COMPENSATION COMMITTEE, REVIEW OF FORM 990 OF OTHER ORGANIZATIONS, WRITTEN EMPLOYMENT CONTRACT, COMPENSATION SURVEY/STUDY, AND APPROVAL BY THE COMPENSATION COMMITTEE.