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← SAE FINANCIAL AND HOUSING CORPORATION

Form 990 for tax year 2023

Filed by SAE FINANCIAL AND HOUSING CORPORATION.

Totals

Total revenue
$3,409,292
Total expenses
$4,156,749
Contributions and grants received
$9,765
Grants paid
$0
Program service revenue
$3,652,408
Investment income
$15,023
Other revenue
-$267,904
Total assets, end of year
$23,814,851
Total liabilities, end of year
$13,674,085
Net assets or fund balances, end of year
$10,140,766
Program services expenses (Part IX)
$3,720,007
Management and general expenses
$436,742
Fundraising expenses
$0
Program service expenses (Part III)
$3,720,007

Program services were 89.5% 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.

  • 1e · Government grants (contributions)

    $9,765

  • 2a · Program service revenue: RENTAL INCOME

    total $3,109,907 · related or exempt $3,109,907

  • 2b · Program service revenue: OTHER MANAGEMENT FEES

    total $335,576 · related or exempt $335,576

  • 2c · Program service revenue: PARLOR FEE

    total $206,925 · related or exempt $206,925

  • 3 · Investment income

    total $15,023 · unrelated business $15,023

  • 6a · Gross rents

    real property $9,121

  • 6b · Less rental expenses

    real property $316,794

  • 6c · Rental income or loss

    real property -$307,673

  • 6d · Net rental income or loss

    total -$307,673 · unrelated business -$307,673

  • 11a · Other revenue: OTHER REVENUE

    total $39,769 · related or exempt $39,769

  • 11e · Other revenue, total

    $39,769

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $703,711 · program services $492,598 · management and general $211,113

  • 11b · Fees: legal

    total $4,501 · program services $2,565 · management and general $1,936

  • 11c · Fees: accounting

    total $14,360 · program services $360 · management and general $14,000

  • 11g · Fees: other

    total $212,787 · program services $161,543 · management and general $51,244

  • 13 · Office expenses

    total $22,585 · program services $22,585

  • 16 · Occupancy

    total $1,059,870 · program services $1,053,870 · management and general $6,000

  • 17 · Travel

    total $122,554 · program services $40,250 · management and general $82,304

  • 19 · Conferences, conventions and meetings

    total $3,594 · management and general $3,594

  • 20 · Interest

    total $547,177 · program services $519,435 · management and general $27,742

  • 22 · Depreciation, depletion and amortization

    total $1,210,922 · program services $1,210,922

  • 23 · Insurance

    total $153,961 · program services $138,361 · management and general $15,600

  • 24a · Other expenses: HOUSE DEVELOPMENT COSTS

    total $49,341 · program services $49,341

  • 24b · Other expenses: MISCELLANEOUS EXPENSE

    total $36,960 · program services $26,467 · management and general $10,493

  • 24c · Other expenses: BANK FEES

    total $14,426 · program services $1,710 · management and general $12,716

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $276,156 · end of year $172,527

  • 2 · Savings and temporary cash investments

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

  • 4 · Accounts receivable

    beginning of year $902,977 · end of year $386,876

  • 9 · Prepaid expenses and deferred charges

    beginning of year $104,922 · end of year $95,608

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

    $32,872,654

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

    $10,756,260

  • 10c · Land, buildings and equipment, net

    beginning of year $23,048,704 · end of year $22,116,394

  • 11 · Investments: publicly traded securities

    beginning of year $685,064 · end of year $792,170

  • 14 · Intangible assets

    beginning of year $160,469 · end of year $131,276

  • 17 · Accounts payable and accrued expenses

    beginning of year $120,997 · end of year $155,609

  • 19 · Deferred revenue

    end of year $25,000

  • 23 · Secured mortgages and notes payable

    beginning of year $13,885,597 · end of year $13,463,159

  • 25 · Other liabilities

    beginning of year $495,608 · end of year $30,317

  • 27 · Net assets without donor restrictions

    beginning of year $10,796,090 · end of year $10,140,766

Mission and programs · 2023

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 $3,720,007

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Lance Denardin

    PRESIDENT

    Total calculated
    $0
    Hours/week
    10

  • Rex Carlson

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    2

  • Larry Jones

    VICE PRESIDE

    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
    $190,403
    From this org
    $0
    From related orgs
    $167,815
    Other
    $22,588
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    not reported + $167,815 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $22,588 related
    Nontaxable benefits
    not reported
    Filer's total
    not reported + $190,403 related

  • Juan Faria

    CONTROLLER

    Total calculated
    $94,053
    From this org
    $0
    From related orgs
    $85,688
    Other
    $8,365
    Hours/week
    40

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 $8,400 · assets $1,724,730

    Directly controlled by NA

  • NORTH DAKOTA ALPHA HOUSING LLC

    HOUSING · IL · income $130,810 · assets $604,164

    Directly controlled by NA

  • WASHINGTON BETA HOUSING LLC

    HOUSING · IL · income $9,121 · assets $576,608

    Directly controlled by NA

  • OREGON BETA HOUSING LLC

    HOUSING · IL · income $384,327 · assets $2,685,140

    Directly controlled by NA

  • OHIO GAMMA HOUSING LLC

    HOUSING · IL · income $122,052 · assets $604,422

    Directly controlled by NA

  • NEW HAMPSHIRE BETA HOUSING LLC

    HOUSING · IL · income $184,732 · assets $880,856

    Directly controlled by NA

  • MICHIGAN GAMMA HOUSING LLC

    HOUSING · IL · income $385,706 · assets $3,572,716

    Directly controlled by NA

  • MICHIGAN DELTA HOUSING LLC

    HOUSING · IL · assets $213,588

    Directly controlled by NA

  • INDIANA SIGMA HOUSING LLC

    HOUSING · IL

    Directly controlled by NA

  • INDIANA GAMMA HOUSING LLC

    HOUSING · IL · income $764,593 · assets $3,048,858

    Directly controlled by NA

  • INDIANA DELTA HOUSING LLC

    HOUSING · IL · income $309,091 · assets $1,123,364

    Directly controlled by NA

  • ILLINOIS BETA HOUSING LLC

    HOUSING · IL · income $343,683 · assets $956,918

    Directly controlled by NA

  • OHIO TAU HOUSING LLC

    HOUSING · IL · income $237,867 · assets $1,604,582

    Directly controlled by NA

  • GREEK HOUSING MANAGEMENT LLC

    HOUSING · IL · income $343,745 · assets $23,460

    Directly controlled by NA

  • IDAHO ALPHA HOUSING LLC

    HOUSING · IL · income $32,203 · assets $2,151,218

    Directly controlled by NA

  • OHIO THETA HOUSING LLC

    HOUSING · IL · income $237,867 · assets $1,604,582

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2023
Filed
14 May 2025
IRS schema version
2023v6.0
Source object
202501359349303460

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