Overview
What is Omicron Chapter House Society Inc?
Omicron Chapter House Society Inc, based in Charlottesville, Virginia, is a nonprofit organization dedicated to managing the Omicron Chapter of Phi Gamma Delta's fraternity house located at 128 Madison Lane. Their mission involves overseeing the leasing, maintenance, renovations, and finances of this property to ensure a safe and habitable living environment for the undergraduate students of the University of Virginia who are members of the Omicron Chapter. They achieve this by developing financial and property management plans, executing lease agreements, collecting rent and fees, managing utilities and bills, maintaining the property, overseeing renovations, and preserving the surrounding grounds. The organization is governed by a Board of Directors that implements these objectives.
Is Omicron Chapter House Society Inc legitimate?
Omicron Chapter House Society Inc is a legitimate nonprofit organization registered as a 501(c)(2) entity. Omicron Chapter House Society 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.
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What is the mission statement of Omicron Chapter House Society Inc?
The Omicron Chapter House Society Inc's mission is centered around managing the leasing, maintenance, renovations, and finances of a fraternity house. Their primary objective is to ensure the property, used by the Omicron Chapter of Phi Gamma Delta, provides a safe and habitable living environment for its undergraduate tenants from the University of Virginia. They accomplish this by overseeing lease agreements, collecting fees, managing expenses, maintaining the property, and overseeing renovations and improvements. The Society is governed by a Board of Directors, committed to fulfilling this mission with diligence and care.
Who is the CEO of Omicron Chapter House Society Inc?
Christopher C Valtin is the Director/President of Omicron Chapter House Society Inc.
What is the revenue of Omicron Chapter House Society Inc?
Omicron Chapter House Society Inc's revenue in 2023 was $162,253.
Who are the executives of Omicron Chapter House Society Inc 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 Omicron Chapter House Society Inc?
Omicron Chapter House Society Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Omicron Chapter House Society Inc
Omicron Chapter House Society (OCHS) is a non-profit organization dedicated to managing the leasing, maintenance, renovations, and finances of the Omicron Chapter of Phi Gamma Delta's fraternity house. Their primary mission is to ensure the property at 128 Madison Lane, Charlottesville, VA 22903, is well-maintained and provides a safe living environment for its tenants, all of whom are undergraduate students at the University of Virginia and members of the Omicron Chapter. To achieve this, OCHS oversees various activities. They develop and implement a long-term plan for financial and property management, execute lease agreements, collect rental and parlor fee income, and manage bills for utilities, insurance, taxes, mortgage, and other necessary expenses. Furthermore, OCHS is responsible for maintaining and preserving all tenant rooms and common areas, as well as the surrounding grounds. They oversee all renovations and capital improvement projects to keep the property in good condition for its tenants. In essence, OCHS's mission is to ensure the Omicron Chapter's fraternity house is a safe and habitable living environment for its tenants, managed efficiently and effectively.
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Impact
October, 2024
Omicron Chapter House Society Inc plays a vital role in enhancing the living conditions and overall experience of its tenants, who are undergraduate members of the Omicron Chapter of Phi Gamma Delta at the University of Virginia. By effectively managing the leasing, maintenance, renovations, and finances of the fraternity house located at 128 Madison Lane in Charlottesville, VA, the organization ensures that the property remains a safe and habitable environment for its residents.
The society's commitment to property management involves creating and executing long-term financial and operational strategies, which are crucial for sustaining the fraternity house and making necessary improvements. This includes overseeing lease agreements and ensuring timely collection of rental and parlor fees, allowing for a consistent flow of income to cover essential expenses such as utilities, insurance, and maintenance costs.
Moreover, OCHS is responsible for maintaining and upgrading the physical property, from tenant rooms to common areas and the surrounding grounds. Such dedicated management not only preserves the property's value but also fosters a sense of community and belonging among the fraternity members. By facilitating renovations and capital improvements, the society enhances the living experience, contributing positively to the daily lives of the students residing there.
In summary, Omicron Chapter House Society Inc significantly impacts its community by providing a well-managed, safe, and conducive living environment for undergraduate students, which ultimately supports their academic and social development during their time at university.
This information is meant to be a general summary of Omicron Chapter House Society 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: $89
- Program Service Revenue: $158,925
- Gross Receipts: $162,253
Assets and Liabilities:
- Total Assets: $725,846
- Total Liabilities: $94,532
- Net Assets: $631,314
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Fraternity house rentals
Revenue
$158,925
Organization Details
Founding Year
1931
Phone
(703) 338-2582Principal Officer
Christopher C Valtin
Main Address
128 Madison Lane, Charlottesville, VA, 22903
NTEE Category
Code: S47 - Community improvement
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