Fraternity Housing Corporation

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

EIN: 580193363 ✦ Lexington, VA ✦ Designated as a 501(c)(2)

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Overview

What is Fraternity Housing Corporation?

Fraternity Housing Corporation is a nonprofit organization situated in Lexington, Virginia. Its primary mission is to offer housing solutions for members of the Kappa Alpha Order, specifically the Upsilon Chapter at the University of North Carolina and the Gamma Tau Chapter at Sam Houston State University. In addition to housing, the corporation provides a comprehensive insurance program, encompassing property, casualty, and liability coverage, for local housing corporations affiliated with Kappa Alpha Order that cater to undergraduate members. This organization plays a significant role in ensuring the well-being and safety of its members by offering them secure and insured housing facilities.


Official website here: www.kappaalphaorder.org/alumnus/fraternity-housin

Is Fraternity Housing Corporation legitimate?

Fraternity Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(2) entity. Fraternity 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: $29,600
Professional Fundraising Fees: $0
Other Salaries and Wages: $47,151

For more financial information, click here


Official website here: www.kappaalphaorder.org/alumnus/fraternity-housin

What is the mission statement of Fraternity Housing Corporation?

Fraternity Housing Corporation serves a specific purpose, focusing on providing housing for members of Kappa Alpha Order. This includes the Upsilon Chapter at the University of North Carolina and the Gamma Tau Chapter at Sam Houston State University. Beyond physical housing, the corporation also offers a comprehensive insurance program catering to local housing corporations associated with Kappa Alpha Order, providing coverage for property, casualty, and liability needs. The corporation's mission is geared towards supporting the Kappa Alpha Order community, ensuring a suitable living environment and offering risk management solutions for affiliated housing corporations.


Official website here: www.kappaalphaorder.org/alumnus/fraternity-housin

Who is the CEO of Fraternity Housing Corporation?

C Douglas Simmons Iii is the President of Fraternity Housing Corporation.


Official website here: www.kappaalphaorder.org/alumnus/fraternity-housin

What is the revenue of Fraternity Housing Corporation?

Fraternity Housing Corporation's revenue in 2022 was $1,522,465.


Official website here: www.kappaalphaorder.org/alumnus/fraternity-housin

Who are the executives of Fraternity Housing Corporation and what are their salaries?


Here are 8 key members and their salaries:


C Douglas Simmons Iii (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
King V Aiken Jr (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stephen J Lafollette (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
L Blair Bailey (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Malcolm H Liles (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
David T Martineau V (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
James M Schmuck (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Larry Stanton Wiese (Secretary/Treasurer)
  • Compensation: $29,600
  • Related: $325,759
  • Other: $38,368


Official website here: www.kappaalphaorder.org/alumnus/fraternity-housin

Where can I find the form 990 for Fraternity Housing Corporation?

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


Official website here: www.kappaalphaorder.org/alumnus/fraternity-housin

Learn more at the official website: www.kappaalphaorder.org/alumnus/fraternity-housin

Mission Statement of Fraternity Housing Corporation

Fraternity Housing Corporation, a nonprofit organization, is dedicated to serving the housing needs of members belonging to Kappa Alpha Order. Specifically, it provides accommodations for the Upsilon Chapter at the University of North Carolina and the Gamma Tau Chapter at Sam Houston State University. Beyond offering housing, the corporation also extends a property, casualty, and liability insurance program to local housing corporations associated with Kappa Alpha Order, which provide living spaces for undergraduate members. In essence, Fraternity Housing Corporation aims to support and ensure the well-being of its affiliated fraternity members by providing them with safe and secure housing and insurance coverage.

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Impact




October, 2024

Fraternity Housing Corporation plays a crucial role in providing safe and supportive residences for members of Kappa Alpha Order. By focusing on housing for chapters like the Upsilon Chapter at the University of North Carolina and the Gamma Tau Chapter at Sam Houston State University, it facilitates a sense of community and belonging among undergraduate members. Additionally, the corporation enhances the sustainability of these housing options through its specialized property, casualty, and liability insurance program, which protects local housing corporations. This support not only ensures the financial stability of these residential facilities but also contributes to the overall improvement of campus life for fraternity members, fostering personal growth, camaraderie, and shared experiences in a secure environment.




This information is meant to be a general summary of Fraternity 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
$1,522,465 (2022)
Expenses
$490,222 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $1,500,503
  • Program Service Revenue: $190,907
  • Gross Receipts: $3,962,687

Assets and Liabilities:

  • Total Assets: $5,856,311
  • Total Liabilities: $4,812,535
  • Net Assets: $1,043,776

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Programs

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

INSURANCE ASSESSMENTS

Revenue

$146,257

FHC MANAGEMENT FEES

Revenue

$24,400

HOUSE ASSESSMENTS

Revenue

$20,250

Organization Details

Founding Year

1948

Principal Officer

C Douglas Simmons Iii

Main Address

115 LIBERTY HALL ROAD, LEXINGTON, VA, 24450

NTEE Category

Code: S47 - Community improvement

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