Overview
What is 1440 Realty Corporation?
1440 Realty Corporation is a nonprofit organization, previously known as Theta Chi Realty Corporation, situated in Indianapolis, Indiana. With a single employee, its primary mission is to offer a fraternity home for members of Theta Chi Fraternity's Alpha Iota Chapter, typically accommodating around 65 to 70 individuals at any given time. These members are attending classes at Indiana University. The corporation's purpose is to provide a conducive living environment for these fraternity brothers during their academic pursuits.
Is 1440 Realty Corporation legitimate?
1440 Realty Corporation is a legitimate nonprofit organization registered as a 501(c)(2) entity. 1440 Realty 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: $20,000
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What is the mission statement of 1440 Realty Corporation?
The mission of 1440 Realty Corporation, in its essence, is to serve as a residence for brothers of Theta Chi Fraternity, specifically the Alpha Iota Chapter, while they pursue their studies at Indiana University. This corporation provides a fraternity home that caters to approximately 65 to 70 members at any given time, thereby enabling them to balance their academic and social lives effectively. The corporation's role is to facilitate a conducive living environment for these students, thereby supporting their academic pursuits and overall university experience.
Who is the CEO of 1440 Realty Corporation?
Steven T Dum is the President of 1440 Realty Corporation.
What is the revenue of 1440 Realty Corporation?
1440 Realty Corporation's revenue in 2022 was $853,530.
Who are the executives of 1440 Realty Corporation and what are their salaries?
The average compensation at 1440 Realty Corporation during 2022 was $20,000. There is 1 employee and 65 volunteers at 1440 Realty Corporation.
Here are 11 key members and their salaries:
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Where can I find the form 990 for 1440 Realty Corporation?
1440 Realty Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of 1440 Realty Corporation
1440 Realty Corporation, as a nonprofit entity, is dedicated to serving the needs of the Theta Chi Fraternity brothers from the Alpha Iota Chapter. Their primary mission is to provide a fraternity home for these young men while they pursue their education at Indiana University. This residential facility accommodates approximately 65 to 70 members at any given time, offering them a supportive environment as they balance their academic and social lives. By providing a fraternity home, 1440 Realty Corporation contributes to the well-being and success of these individuals during their college years.
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Impact
October, 2024
1440 Realty Corporation plays a vital role in fostering community and academic support for Theta Chi Fraternity brothers at Indiana University. By providing a dedicated fraternity home, it creates a conducive environment for approximately 65 to 70 members to live and learn together. This sense of community enhances their college experience, promoting camaraderie, leadership, and personal development.
The fraternity house serves as a hub for social engagement and academic collaboration, allowing members to build lasting relationships while pursuing their educational goals. Through its focus on creating a supportive living arrangement, 1440 Realty Corporation contributes to the overall well-being and success of these students, reinforcing values of brotherhood and mutual support.
Additionally, the organization's commitment to community improvement signifies its broader impact in fostering not only the growth of individual members but also the enhancement of the local community surrounding Indiana University.
This information is meant to be a general summary of 1440 Realty 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.
- Program Service Revenue: $853,530
- Gross Receipts: $853,530
Assets and Liabilities:
- Total Assets: $3,087,799
- Total Liabilities: $1,085,610
- Net Assets: $2,002,189
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Fraternity Rental - Real Property
Revenue
$780,260
Lease Termination Fees
Revenue
$23,310
Security Deposits Retained
Revenue
$38,190
Laundry Commissions
Revenue
$5,226
Other Related Revenue
Revenue
$6,544
Organization Details
Founding Year
1942
Phone
(317) 708-0382Principal Officer
Steven T Dum
Main Address
PO Box 20722, Indianapolis, IN, 462200722
NTEE Category
Code: S47 - Community improvement
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