Lambda Chi Alpha Housing Corporation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 237148456 ✦ Murray, KY ✦ Designated as a 501(c)(7)

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Overview

What is Lambda Chi Alpha Housing Corporation?

Lambda Chi Alpha Housing Corporation, located in Murray, Kentucky, serves as a home base for a college social fraternity. Their primary mission is to ensure the availability of housing for this fraternity, upholding this purpose diligently. The corporation is committed to maintaining a suitable living environment for its fraternity members, fostering a sense of community and belonging within the organization.

Is Lambda Chi Alpha Housing Corporation legitimate?

Lambda Chi Alpha Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(7) entity. Lambda Chi Alpha Housing 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.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Lambda Chi Alpha Housing Corporation?

Lambda Chi Alpha Housing Corporation, as a fraternity or sorority, is committed to maintaining housing facilities for college social fraternities. Their primary objective is to ensure the availability of suitable living spaces for these organizations, thereby contributing to their overall college experience. The corporation's mission does not involve advocacy, research, or direct support to individuals or families, but rather focuses on the provision of housing infrastructure for social fraternities.

Who is the CEO of Lambda Chi Alpha Housing Corporation?

Lance Allison is the President of Lambda Chi Alpha Housing Corporation.

What is the revenue of Lambda Chi Alpha Housing Corporation?

Lambda Chi Alpha Housing Corporation's revenue in 2022 was $56,800.

Who are the executives of Lambda Chi Alpha Housing Corporation and what are their salaries?


Here are 2 key members and their salaries:


Michael Davenport (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lance Allison (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Lambda Chi Alpha Housing Corporation?

Lambda Chi Alpha Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Lambda Chi Alpha Housing Corporation

Lambda Chi Alpha Housing Corporation, as a fraternity or sorority, is dedicated to fulfilling a vital mission. This mission revolves around providing and maintaining housing facilities for college-affiliated social fraternities. By taking on this role, Lambda Chi Alpha Housing Corporation plays a significant part in enhancing the living experiences of fraternity members, thereby contributing to their overall college life. The organization's mission is centered around ensuring the availability of suitable housing for these fraternities, thereby providing a conducive environment for their social activities and fostering a sense of community.

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Impact




October, 2024

Lambda Chi Alpha Housing Corporation plays a vital role in supporting the college community in Murray, KY, by maintaining housing specifically designed for the Lambda Chi Alpha fraternity. This organization ensures that fraternity members have access to well-maintained living facilities, fostering an environment that promotes brotherhood, academic success, and social engagement. By focusing on the upkeep and enhancement of these housing facilities, Lambda Chi Alpha Housing Corporation contributes to a sense of belonging and community among its members.

The presence of stable and inviting housing not only enhances the living experience for fraternity members but also positively impacts the broader campus culture. It encourages student involvement in social, leadership, and educational activities that enrich the college experience. Furthermore, the corporation's commitment to maintaining quality housing supports the fraternity's mission of personal growth and development among its members, helping cultivate future leaders who are engaged and active in their communities.




This information is meant to be a general summary of Lambda Chi Alpha Housing 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.

Revenue
$56,800 (2022)
201120122013201420152016201720182019202020212022$0$25,000$50,000$75,000$100k
Expenses
$39,001 (2022)
201120122013201420152016201720182019202020212022$0$15,000$30,000$45,000$60,000
Efficiency
2011201220132014201520162017201820192020202120220%0.2%0.4%0.6%0.8%1%

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Program Service Revenue: $56,800
  • Gross Receipts: $56,800

Assets and Liabilities:

  • Total Assets: $617,842
  • Total Liabilities: $409,713
  • Net Assets: $208,129

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

RENT

Revenue

$56,800

Organization Details

Principal Officer

Lance Allison

Main Address

PO BOX 1482, MURRAY, KY, 42071

NTEE Category

Code: B83 - Education

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