Overview
What is Chi Phi Holding Corp Of Ri Inc?
Chi Phi Holding Corp Of Ri Inc is a nonprofit organization primarily dedicated to providing a fraternity house for the undergraduate members of the Chi Phi Fraternity at the University of Rhode Island. During a period of suspension for the Chi Phi Fraternity, the corporation rented the fraternity house to students attending URI who were members of the Kappa Delta Sorority. Subsequently, Chi Phi Holding Corp Of Ri Inc sold the fraternity house to Theta Theta Housing LLC in 2018. The profits from the sale were invested for future use, indicating a long-term commitment to the fraternity's housing needs. The organization's mission remains centered around supporting the Chi Phi Fraternity and its members by providing them with a suitable living space on campus.
Is Chi Phi Holding Corp Of Ri Inc legitimate?
Chi Phi Holding Corp Of Ri Inc is a legitimate nonprofit organization registered as a 501(c)(7) entity. Chi Phi Holding Corp Of Ri Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Chi Phi Holding Corp Of Ri Inc?
Chi Phi Holding Corp of RI Inc's primary mission is to offer a fraternity house for the benefit of undergraduate members belonging to the Chi Phi fraternity. The corporation aims to serve this purpose at a university, although the specific institution is not mentioned in the provided information. During a period of suspension of the Chi Phi fraternity, the corporation rented the house to students affiliated with the Kappa Delta sorority. Subsequently, Chi Phi Holding Corp of RI Inc sold the fraternity house to Theta Theta Housing LLC in 2018. The revenue generated from the sale was invested for future use.
What is the revenue of Chi Phi Holding Corp Of Ri Inc?
Chi Phi Holding Corp Of Ri Inc's revenue in 2023 was $68,123.
Who are the executives of Chi Phi Holding Corp Of Ri Inc and what are their salaries?
There 4 volunteers at Chi Phi Holding Corp Of Ri Inc.
Here are 4 key members and their salaries:
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Where can I find the form 990 for Chi Phi Holding Corp Of Ri Inc?
Chi Phi Holding Corp Of Ri Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Chi Phi Holding Corp Of Ri Inc
Chi Phi Holding Corp of RI Inc, in its mission, aims to provide a fraternity house for the benefit of undergraduate members of the Chi Phi Fraternity at the University of Rhode Island. This nonprofit organization is dedicated to supporting the collegiate experience of Chi Phi Fraternity members by offering them a residential space on campus.
Historically, Chi Phi Fraternity was suspended from the campus at the end of 2015. During this period of suspension, Chi Phi Holding Corp of RI Inc rented the fraternity house to students attending the University of Rhode Island who were members of the Kappa Delta Sorority. After the suspension was lifted, Chi Phi Holding Corp of RI Inc sold the fraternity house to Theta Theta Housing LLC, the holding corporation of Kappa Delta Sorority, on May 10, 2018. The profits from the sale were then invested for future use.
In summary, Chi Phi Holding Corp of RI Inc's mission is centered around providing a fraternity house for Chi Phi Fraternity members at the University of Rhode Island. During the fraternity's suspension, the nonprofit stepped in to ensure that students from the Kappa Delta Sorority had a place to live. After the fraternity was reinstated, the organization sold the property and invested the proceeds for future use. Throughout this process, Chi Phi Holding Corp of RI Inc has demonstrated its commitment to supporting the Chi Phi Fraternity and its members.
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Impact
October, 2024
Chi Phi Holding Corp Of Ri Inc has played a significant role in supporting the social and educational environment at the University of Rhode Island. By providing a fraternity house for Chi Phi fraternity members, the organization has facilitated an important aspect of college life for students, fostering brotherhood, leadership, and personal development.
Following the suspension of the Chi Phi fraternity in 2015, the organization adapted by renting the fraternity house to students of the Kappa Delta Sorority, maintaining the property’s role as a community hub for Greek life on campus. This not only ensured the continued use of the facility but also promoted inter-sorority relationships and collaboration within the larger student community.
In 2018, the sale of the fraternity house to the Kappa Delta Sorority's holding corporation marked a strategic decision that allowed Chi Phi Holding Corp to invest the proceeds for future endeavors. This move highlights a commitment to sustainability and long-term planning, ensuring that resources remain available to support educational initiatives and fraternity life.
Overall, Chi Phi Holding Corp Of Ri Inc has contributed to the vibrancy of campus life at URI, supporting organizations that foster community and enrich the college experience for students.
This information is meant to be a general summary of Chi Phi Holding Corp Of Ri Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $62,683
- Program Service Revenue: $5,440
- Gross Receipts: $68,123
Assets and Liabilities:
- Total Assets: $1,288,908
- Total Liabilities: $0
- Net Assets: $1,288,908
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$5,440
Organization Details
Founding Year
1985
Principal Officer
Kevin Barry
NTEE Category
Code: B83 - Education
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