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Sae Financial And Housing Corporation

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

EIN: 364496831 ✦ Evanston, IL ✦ Designated as a 501(c)(7)

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Overview

What is Sae Financial And Housing Corporation?

Sae Financial And Housing Corporation is a nonprofit organization, located in Evanston, Illinois, with a mission to strengthen fraternity chapters by providing safe, competitive, and affordable housing. They accomplish this by offering property management resources and services, supporting local house corporations to become financially stable, and training their volunteers effectively. The corporation aims to enhance the overall well-being of these local organizations.


Official website here: www.sae.net

Is Sae Financial And Housing Corporation legitimate?

Sae Financial And Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(7) entity. Sae Financial And 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


Official website here: www.sae.net

What is the mission statement of Sae Financial And Housing Corporation?

Sae Financial and Housing Corporation's mission is centered around strengthening fraternity chapters by providing excellent housing solutions. They aim to promote safe, competitive, and affordable housing for fraternities through their property management resources and services. Additionally, the corporation supports local house corporations to become financially stable and ensures that their volunteers are well-equipped with the necessary training. The primary objective is to enhance the overall well-being of these chapters, thereby contributing to a thriving fraternity community.


Official website here: www.sae.net

Who is the CEO of Sae Financial And Housing Corporation?

Greg Somers is the CEO of Sae Financial And Housing Corporation The CEO's salary of Sae Financial And Housing Corporation is $0 and their total compensation is $190,403.


Official website here: www.sae.net

What is the revenue of Sae Financial And Housing Corporation?

Sae Financial And Housing Corporation's revenue in 2024 was $3,409,292.


Official website here: www.sae.net

Who are the executives of Sae Financial And Housing Corporation and what are their salaries?

There 150 volunteers at Sae Financial And Housing Corporation.

Here are 7 key members and their salaries (Sae Financial And Housing Corporation's CEO's salary is $0 and their total compensation is $190,403):


Lance Denardin (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rex Carlson (Vice Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0
Larry Jones (Vice Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Lies (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
William Mccann (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Greg Somers (Ceo)
  • Compensation: $0
  • Related: $167,815
  • Other: $22,588
Juan Faria (Controller)
  • Compensation: $0
  • Related: $85,688
  • Other: $8,365


Official website here: www.sae.net

Where can I find the form 990 for Sae Financial And Housing Corporation?

Sae Financial And Housing Corporation's most recent form 990 was submitted in 2024 and can be accessed here.


Official website here: www.sae.net

Learn more at the official website: www.sae.net

Mission Statement of Sae Financial And Housing Corporation

Sae Financial And Housing Corporation is dedicated to strengthening fraternity chapters by focusing on housing. Their mission is to promote safe, competitive, and affordable fraternity housing, ensuring that properties are well-managed and maintained. The corporation also supports local house corporations in becoming financially stable and enhancing the skills of their volunteers through appropriate resources and services. By doing so, Sae Financial And Housing Corporation aims to establish strong and thriving fraternity chapters.

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Impact




October, 2024

Sae Financial And Housing Corporation plays a pivotal role in strengthening fraternity chapters by providing essential housing solutions and property management resources. By focusing on creating safe, competitive, and affordable housing options, the organization supports the growth and stability of fraternities.

One significant impact of their work is the promotion of financially sound local house corporations, which empowers volunteers with the training and resources necessary to manage properties effectively. This not only enhances the living conditions for fraternity members but also fosters a sense of community and belonging within these organizations.

By ensuring that housing is both affordable and well-managed, Sae Financial And Housing Corporation contributes to the overall educational experience of students, enabling them to focus on their academic and personal development in a secure environment. Their commitment to strong housing solutions significantly influences fraternity culture and the sustainability of these chapters in Evanston and beyond.




This information is meant to be a general summary of Sae Financial And 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
$3,409,292 (2024)
Expenses
$4,156,749 (2024)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2024.

  • Investment Income: $15,023
  • Program Service Revenue: $3,652,408
  • Gross Receipts: $3,726,086

Assets and Liabilities:

  • Total Assets: $25,901,463
  • Total Liabilities: $14,320,476
  • Net Assets: $11,580,987

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Programs

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

RENTAL INCOME

Revenue

$3,109,907

OTHER MANAGEMENT FEES

Revenue

$335,576

PARLOR FEE

Revenue

$206,925

Organization Details

Founding Year

2002

Principal Officer

Greg Somers

NTEE Category

Code: B128 - Education

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