Gamma Iota Chapter House Corp FY2023 filing

Not tax-deductible

Gainesville, FLMutual-benefit / member-servingEIN 59-6142821Revenue $478K in FY2023

On file with the IRSPo Box 357404, 32635-7404 · Gainesville, FLTax-exempt since Feb 1990

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Title holding entity for exempt organization; providing collegiate housing

97¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 4
filings with a surplus
Average surplus $67K a year · 15% of revenue · last 4 filings
Looks good: a surplus in 4 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
97%
of spending
Looks good: 97% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
13 mo
of spending, in cash
Looks good: 12.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$909K
30% of total assets
Looks good: liabilities are 30% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$478K
+63% vs prior year
Spent
$298K
To programs
97%
Net assets
$2.2M
By yearFY2021–FY2025
Revenue
$478K
FY2023▲ +63%
Tap a bar for its year
Revenue by fiscal year
FY2021$293K
FY2023$478K
FY2024$469K
FY2025$515K
Expenses
$298K
FY2023▲ +30%
Tap a bar for its year
Expenses by fiscal year
FY2021$230K
FY2023$298K
FY2024$443K
FY2025$514K
Net assets
$2.2M
FY2023▲ +26%
Tap a bar for its year
Net assets by fiscal year
FY2021$1.7M
FY2023$2.2M
FY2024$2.2M
FY2025$2.2M

From the FY2023 Form 990 (year ending July 2023) · see the original

Form 990 (PDF) Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 1990.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

97 cents of each dollar spent went to programs.

Program services 97% · $289K Management & general 3% · $9K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

10 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
President
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
Secretary/Di
$0Pt VII · Sec A
Treasurer/Di
$0Pt VII · Sec A
Member at La
$0Pt VII · Sec A
Member at La
$0Pt VII · Sec A
Member at La
$0Pt VII · Sec A
Member at La
$0Pt VII · Sec A
See Gamma Iota Chapter House Corp executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides housing for college students.

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Provided by the organization

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1 program · $289K · in their own filed words · FY2022
01

Chapter house & furnishings provided for active collegiate chapter;repairs & maintenance performed

$289Kprogram expense

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$478K
Ln 12
Fees for servicesLn 2g$480K
Investment incomeLn 3$100
Money outPt IX
$298K
Ln 25
Programscol B$289K
Managementcol C$9K
Owns and owesPt X
$2.2M
net assets · Ln 32
Cash and savingsLn 1–2$320K
Total assetsLn 16$3.1M
LiabilitiesLn 26$909K
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$480K
Investment incomeLn 3$100
Gains on assetsLn 7−$2K
Total revenueLn 12$478K
Assets in detailPt X, end of year
CashLn 1$320K
Cash and savings togetherLn 1–2$320K
Land, buildings, equipmentLn 10c$2.7M
Total assetsLn 16$3.1M
LiabilitiesLn 26$909K
Net assetsLn 32$2.2M
OperationsPt I, VI
EmployeesI 50
VolunteersI 610
Fiscal year endsHeaderJuly
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$623K$320K
Land, buildings, equipmentLn 10c$864K$2.7M
Total assetsLn 16$2.0M$3.1M
LiabilitiesLn 26$0$909K
Net assetsLn 32$2.0M$2.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$3K$3K
Accounting feesLn 11c$9K$9K
OccupancyLn 16$135K$135K
InterestLn 20$24K$24K
Depreciation, depletion and amortizationLn 22$113K$113K
InsuranceLn 23$8K$8K
Other expenses (24a–d)Ln 24$7K$7K
All other expensesLn 24e$5$5
Total functional expensesLn 25$298K$289K$9K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $515K$514K$841$2.2M 990 PDF
FY2024 $469K$443K$26K$2.2M 990 PDF
FY2023 Viewing $478K$298K$180K$2.2M 990 PDF
FY2022 Not on file
FY2021 $293K$230K$63K$1.7M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (6 parts)
Part I · Summary $478,089 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $480,000$480,000
I-10 Investment incomePrior year $177−$1,911
I-11 Other revenue$0
I-12 Total revenuePrior year $480,177$478,089
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $210,190$298,199
I-18 Total expensesPrior year $210,190$298,199
I-19 Revenue less expensesPrior year $269,987$179,890
Part VI · Governance 10 of 10 board members independent, 4 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $478,089 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $480,000$480,000
VIII-3 Investment incomeUnrelated business $100$100
VIII-7 Net gain or loss on sales of assetsRelated to mission −$2,011−$2,011
VIII-12 Total revenueRelated to mission $477,989 · Unrelated business $100$478,089
Part IX · Statement of functional expenses $298,199 across 8 lines filed
IX-11a Management feesPrograms $2,573$2,573
IX-11c Accounting feesManagement $8,800$8,800
IX-16 OccupancyPrograms $135,235$135,235
IX-20 InterestPrograms $23,677$23,677
IX-22 Depreciation, depletion and amortizationPrograms $113,358$113,358
IX-23 InsurancePrograms $7,981$7,981
IX-24 Other expenses (24a–d)Programs $6,570$6,570
IX-24e All other expensesPrograms $5$5
IX-25 Total functional expensesPrograms $289,399 · Management $8,800 · Fundraising $0$298,199
Part X · Balance sheet $3,076,531 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $622,561$319,532
X-10c Land, buildings and equipment, netStart of year $863,820$2,726,839
X-14 Intangible assetsStart of year $1,076$30,160
X-16 Total assetsStart of year $1,987,628$3,076,531
X-26 Total liabilitiesStart of year $0$909,013
X-32 Total net assets or fund balancesStart of year $1,987,628$2,167,518
X-33 Total liabilities and net assetsStart of year $1,987,628$3,076,531
Part XI · Reconciliation of net assets $2,167,518 net assets at year end
XI-1 Total revenue$478,089
XI-2 Total expenses$298,199
XI-3 Revenue less expenses$179,890
XI-4 Net assets at start of year$1,987,628
XI-10 Net assets at end of year$2,167,518

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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