Gamma Tau Chapter Housing Corp

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Lease real estate to Gamma Tau Chapter of kappa alpha order

Form 990 Part I, line 1, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 76-0516664) · Dispute this line
501(c)(7) social or recreational club; gifts are not tax-deductible as charitable contributions.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(7)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
The IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $14K a year · last 5 filings
A surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
35.3 mo
of spending, in cash
35.3 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$626K
87% of total assets
Liabilities are 87% of assets.
Pt X · Ln 26
Independent board members
7
of 7 voting members
7 of 7 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
−$33K
-306% vs prior year
Spent
$8K
Net assets
$96K
By yearFY2020–FY2024
Revenue
−$33K
FY2024▼ -306%
Tap a bar for its year
Revenue by fiscal year
FY2020−$9K
FY2021−$18K
FY2022−$8K
FY2023$16K
FY2024−$33K
Expenses
$8K
FY2024▲ +64%
Tap a bar for its year
Expenses by fiscal year
FY2020$0
FY2021$0
FY2022$4K
FY2023$5K
FY2024$8K
Net assets
$96K
FY2024▼ -30%
Tap a bar for its year
Net assets by fiscal year
FY2020$156K
FY2021$138K
FY2022$126K
FY2023$138K
FY2024$96K

From the FY2024 Form 990 · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 1997.

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

Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Gamma Tau Chapter Housing Corp executive salaries →

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

Leases property to the Kappa Alpha Order's Gamma Tau chapter.

Questions for Gamma Tau Chapter Housing Corp

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2 programs · in their own filed words · FY2024
01

To raise funds through housing campaign to assist in funding the construction and maintenance of the house used as a fraternity house for the gamma tau chapter of kappa alpha order.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 76-0516664) · Dispute this line
Pt IX · Ln 25 · col B
02

The gamma tau house corporation leases the house and associated property to members of gamma tau chapter of kappa alpha order.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 76-0516664) · Dispute this line
Pt IX · Ln 25 · col B

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
−$33K
Ln 12
Gifts and grantsLn 1h$24K
Investment incomeLn 3$11
Money outPt IX
$8K
Ln 25
Owns and owesPt X
$96K
net assets · Ln 32
Cash and savingsLn 1–2$24K
Total assetsLn 16$722K
LiabilitiesLn 26$626K
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$24K
Investment incomeLn 3$11
Total revenueLn 12−$33K
Assets in detailPt X, end of year
CashLn 1$24K
Cash and savings togetherLn 1–2$24K
Land, buildings, equipmentLn 10c$697K
Total assetsLn 16$722K
LiabilitiesLn 26$626K
Net assetsLn 32$96K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
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$53K$24K
Land, buildings, equipmentLn 10c$726K$697K
Total assetsLn 16$779K$722K
LiabilitiesLn 26$642K$626K
Net assetsLn 32$138K$96K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other fees for servicesLn 11g$248
Other expenses (24a–d)Ln 24$8K
Total functional expensesLn 25$8K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS Nov 14, 2025 −$33K$8K−$42K$96K 990 PDF
FY2023Filed with the IRS Nov 14, 2024 $16K$5K$11K$138K 990 PDF
FY2022Filed with the IRS Mar 15, 2023 −$8K$4K−$12K$126K 990 PDF
FY2021Filed with the IRS Nov 2, 2022 −$18K$0−$18K$138K 990 PDF
FY2020Filed with the IRS Jun 6, 2022 −$9K$0−$9K$156K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2024 990
Part I · Summary −$33,415 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $62,534$24,499
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $13$11
I-11 Other revenuePrior year −$46,333−$57,925
I-12 Total revenuePrior year $16,214−$33,415
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $5,039$8,260
I-18 Total expensesPrior year $5,039$8,260
I-19 Revenue less expensesPrior year $11,175−$41,675
Part VI · Governance 7 of 7 board members independent, 4 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
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 −$33,415 across 5 lines filed
VIII-1f All other contributions, gifts and grants$24,499
VIII-1h Total contributions, gifts and grants$24,499
VIII-3 Investment incomeExcluded from tax $11$11
VIII-6 Net rental income or lossRelated to mission −$57,925−$57,925
VIII-12 Total revenueRelated to mission −$57,925 · Unrelated business $0 · Excluded from tax $11−$33,415
Part IX · Statement of functional expenses $8,260 across 2 lines filed
IX-11g Other fees for services$248
IX-24 Other expenses (24a–d)$8,012
IX-25 Total functional expenses$8,260
Part X · Balance sheet $721,541 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $52,992$24,313
X-10c Land, buildings and equipment, netStart of year $726,403$697,228
X-16 Total assetsStart of year $779,395$721,541
X-23 Secured mortgages and notes payableStart of year $641,804$625,625
X-26 Total liabilitiesStart of year $641,804$625,625
X-27 Net assets without donor restrictionsStart of year $137,591$95,916
X-32 Total net assets or fund balancesStart of year $137,591$95,916
X-33 Total liabilities and net assetsStart of year $779,395$721,541
Part XI · Reconciliation of net assets $95,916 net assets at year end
XI-1 Total revenue−$33,415
XI-2 Total expenses$8,260
XI-3 Revenue less expenses−$41,675
XI-4 Net assets at start of year$137,591
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$95,916

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

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