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Gamma Iota Chapter House Corp FY2024 filing

Not tax-deductible

Gainesville, FLMutual-benefit / member-servingEIN 59-6142821Revenue $469K in FY2024

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

98¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2024 · 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
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 2.5 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$880K
29% of total assets
Looks good: liabilities are 29% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$469K
-2% vs prior year
Spent
$443K
To programs
98%
Net assets
$2.2M
By yearFY2021–FY2025
Revenue
$469K
FY2024▼ -2%
Tap a bar for its year
Revenue by fiscal year
FY2021$293K
FY2023$478K
FY2024$469K
FY2025$515K
Expenses
$443K
FY2024▲ +49%
Tap a bar for its year
Expenses by fiscal year
FY2021$230K
FY2023$298K
FY2024$443K
FY2025$514K
Net assets
$2.2M
FY2024▲ +1%
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 FY2024 Form 990 (year ending July 2024) · see the original

Form 990 (PDF) Claim
You’re viewing the FY2024 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

98 cents of each dollar spent went to programs.

Program services 98% · $433K Management & general 2% · $10K

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 (FY2023); the FY2024 filing did not itemize Part VII
Brittany Lee
President
$0Pt VII · Sec A
Maria Youngblood
Vice Preside
$0Pt VII · Sec A
Carol Ely
Secretary/Di
$0Pt VII · Sec A
Ashley Spicola
Treasurer/Di
$0Pt VII · Sec A
Lori Harrison
Member at La
$0Pt VII · Sec A
Shirley Stone
Member at La
$0Pt VII · Sec A
Kelly Serke
Member at La
$0Pt VII · Sec A
Jasmine Essa
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.

Questions for Gamma Iota Chapter House Corp

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Provided by the organization

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1 program · $433K · in their own filed words · FY2023
01

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

$433Kprogram expense

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$469K
Ln 12
Fees for servicesLn 2g$469K
Money outPt IX
$443K
Ln 25
Programscol B$433K
Managementcol C$10K
Owns and owesPt X
$2.2M
net assets · Ln 32
Cash and savingsLn 1–2$92K
Total assetsLn 16$3.1M
LiabilitiesLn 26$880K
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$469K
Total revenueLn 12$469K
Assets in detailPt X, end of year
CashLn 1$92K
Cash and savings togetherLn 1–2$92K
Land, buildings, equipmentLn 10c$3.0M
Total assetsLn 16$3.1M
LiabilitiesLn 26$880K
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 FY24End FY24
Cash and savingsLn 1–2$320K$92K
Land, buildings, equipmentLn 10c$2.7M$3.0M
Total assetsLn 16$3.1M$3.1M
LiabilitiesLn 26$909K$880K
Net assetsLn 32$2.2M$2.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$2K$2K
Accounting feesLn 11c$10K$10K
Office expensesLn 13$256$256
OccupancyLn 16$175K$175K
InterestLn 20$49K$49K
Depreciation, depletion and amortizationLn 22$197K$197K
InsuranceLn 23$9K$9K
Total functional expensesLn 25$443K$433K$10K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $515K$514K$841$2.2M 990 PDF
FY2024 Viewing $469K$443K$26K$2.2M 990 PDF
FY2023 $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 FY2024 990 (6 parts)
Part I · Summary $468,666 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $480,000$468,666
I-10 Investment incomePrior year −$1,911$0
I-11 Other revenue$0
I-12 Total revenuePrior year $478,089$468,666
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 $298,199$442,922
I-18 Total expensesPrior year $298,199$442,922
I-19 Revenue less expensesPrior year $179,890$25,744
Part VI · Governance 11 of 11 board members independent, 4 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
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 $468,666 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $468,666$468,666
VIII-12 Total revenueRelated to mission $468,666$468,666
Part IX · Statement of functional expenses $442,922 across 7 lines filed
IX-11a Management feesPrograms $2,255$2,255
IX-11c Accounting feesManagement $9,575$9,575
IX-13 Office expensesManagement $256$256
IX-16 OccupancyPrograms $175,428$175,428
IX-20 InterestPrograms $49,061$49,061
IX-22 Depreciation, depletion and amortizationPrograms $197,086$197,086
IX-23 InsurancePrograms $9,261$9,261
IX-25 Total functional expensesPrograms $433,091 · Management $9,831 · Fundraising $0$442,922
Part X · Balance sheet $3,072,988 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $319,532$91,914
X-10c Land, buildings and equipment, netStart of year $2,726,839$2,951,383
X-14 Intangible assetsStart of year $30,160$29,691
X-16 Total assetsStart of year $3,076,531$3,072,988
X-26 Total liabilitiesStart of year $909,013$879,718
X-32 Total net assets or fund balancesStart of year $2,167,518$2,193,270
X-33 Total liabilities and net assetsStart of year $3,076,531$3,072,988
Part XI · Reconciliation of net assets $2,193,270 net assets at year end
XI-1 Total revenue$468,666
XI-2 Total expenses$442,922
XI-3 Revenue less expenses$25,744
XI-4 Net assets at start of year$2,167,518
XI-9 Other changes in net assets$8
XI-10 Net assets at end of year$2,193,270

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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