Overview
What is Sngt House Corporation?
Sngt House Corporation is a nonprofit organization established with the mission of constructing and managing a chapter house for the Gamma Alpha Chapter of Sigma Nu Fraternity, Inc., on the campus of the Georgia Institute of Technology. The organization has successfully completed the construction of the house, and its income primarily stems from accumulated contributions. Currently, the house is being rented to students in good standing, with the rental income utilized for maintaining the property, paying insurance and property taxes. The organization continues to fundraise to retire the outstanding debt associated with the construction.
Is Sngt House Corporation legitimate?
Sngt House Corporation is a legitimate nonprofit organization registered as a 501(c)(2) entity. Sngt House Corporation 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.
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What is the mission statement of Sngt House Corporation?
The Sngt House Corporation was established with the purpose of constructing and managing a chapter house for the Gamma Alpha Chapter of Sigma Nu Fraternity, Inc., at the Georgia Institute of Technology. The organization generates income through accumulated contributions for this specific purpose. Initially, the chapter house was completed in 2008, and since then, fundraising efforts continue to collect sufficient contributions for debt retirement. Currently, the house is rented to students in good standing, and the rental income is utilized for maintaining the property and covering insurance and property tax expenses.
Who is the CEO of Sngt House Corporation?
Grant C Norwood is the President of Sngt House Corporation.
What is the revenue of Sngt House Corporation?
Sngt House Corporation's revenue in 2022 was -$82,609.
Who are the executives of Sngt House Corporation and what are their salaries?
Here are 8 key members and their salaries:
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Where can I find the form 990 for Sngt House Corporation?
Sngt House Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Sngt House Corporation
Sngt House Corporation, a nonprofit organization, was established with a specific mission. Initially, its purpose was to construct and manage a chapter house for the Gamma Alpha Chapter of Sigma Nu Fraternity, Inc., located on the campus of the Georgia Institute of Technology. The income for this project was generated through collected contributions.
Following the completion of the chapter house in 2008, the organization's focus shifted. While fundraising remains an ongoing endeavor with the goal of retiring the outstanding debt, the chapter house now serves another purpose. It is rented out to students in good standing, with the rental income used to maintain the property, cover insurance and property taxes. This dual function allows the organization to continue its initial mission while also providing a valuable service to students.
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Impact
October, 2024
Sngt House Corporation significantly impacts the Georgia Institute of Technology community by providing a dedicated chapter house for the Gamma Alpha Chapter of Sigma Nu Fraternity, Inc. The construction and operation of this facility enhance the social and academic environment for fraternity members, fostering a sense of belonging and community among students.
Since its completion in 2008, the chapter house has become a central hub for fraternity activities, promoting leadership and personal development among its residents. By generating rental income through housing students in good standing, Sngt House Corporation maintains the property and manages essential costs, such as insurance and property taxes.
Moreover, the ongoing fundraising efforts reflect the commitment to sustaining the house as a supportive community space, while also working towards retiring any outstanding debts. This proactive approach not only reinforces the chapter's financial stability but also contributes to the broader mission of community improvement on campus. Through its endeavors, Sngt House Corporation plays a vital role in enhancing student life and strengthening the bonds of brotherhood at Georgia Tech.
This information is meant to be a general summary of Sngt House Corporation. 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 2022.
- Gross Receipts: $242,000
Assets and Liabilities:
- Total Assets: $2,547,914
- Total Liabilities: $1,086,876
- Net Assets: $1,461,038
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Organization Details
Founding Year
2005
Phone
(770) 435-5502Principal Officer
Grant C Norwood
Main Address
3672 HADDON HALL RD, ATLANTA, GA, 30327
NTEE Category
Code: S47 - Community improvement
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