Gamma Psi House Corporation

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

EIN: 581024618 ✦ Smyrna, GA ✦ Designated as a 501(c)(7)

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Overview

What is Gamma Psi House Corporation?

Gamma Psi House Corporation is a non-profit organization situated in Smyrna, GA. Its primary role is to oversee the fraternity house and the land it stands on, serving the undergraduate members of the Gamma Psi Chapter of the Delta Tau Delta Fraternity. The corporation manages the property by renting the house to the chapter, utilizing the income to maintain the facility, pay insurance premiums, and cover property taxes. Furthermore, they provide various programs such as renovations, maintenance, and repairs to ensure the house remains in excellent condition for the fraternity members.

Is Gamma Psi House Corporation legitimate?

Gamma Psi House Corporation is a legitimate nonprofit organization registered as a 501(c)(7) entity. Gamma Psi House 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 Gamma Psi House Corporation?

The Gamma Psi House Corporation is a non-profit organization with a mission to benefit the undergraduate members of the Gamma Psi Chapter of the Delta Tau Delta Fraternity. They achieve this by owning and managing the fraternity house and the land it resides on. The corporation rents out the house to the chapter, utilizing the profits to maintain the property, cover insurance premiums, and pay property taxes. Essentially, their role is to ensure the fraternity house remains in good condition and is financially stable for the undergraduate members.

Who is the CEO of Gamma Psi House Corporation?

Howell Reddeck is the President Of of Gamma Psi House Corporation.

What is the revenue of Gamma Psi House Corporation?

Gamma Psi House Corporation's revenue in 2023 was $406,184.

Who are the executives of Gamma Psi House Corporation and what are their salaries?


Here are 4 key members and their salaries:


Irving Hoffman (Treasurer/Vp)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cody Jung (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeff Mcnabb (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Howell Reddeck (President Of)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Gamma Psi House Corporation?

Gamma Psi House Corporation's most recent form 990 was submitted in 2023 and can be accessed here.

Mission Statement of Gamma Psi House Corporation

Gamma Psi House Corporation is a not-for-profit organization that plays a significant role in the lives of the undergraduate members of the Gamma Psi Chapter of the Delta Tau Delta fraternity. Its primary mission is to manage and maintain the fraternity house and the land it stands on, ensuring the benefit of its residents. The corporation accomplishes this by renting out the fraternity house to the chapter, with the revenue generated utilized for maintaining the property, covering insurance premiums, and paying property taxes. In essence, Gamma Psi House Corporation serves as a supportive entity, ensuring the fraternity members have a conducive living environment during their undergraduate years.

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Impact




October, 2024

Gamma Psi House Corporation plays a pivotal role in supporting the Gamma Psi Chapter of the Delta Tau Delta Fraternity by owning and managing the fraternity house and the land it occupies. The corporation ensures that the house is maintained in good condition through ongoing renovations and repairs, which directly benefits the undergraduate members by providing them a safe and comfortable living environment.

By renting the fraternity house to the Gamma Psi Chapter, the corporation generates income that is reinvested into the property for maintenance, property taxes, and insurance. This creates a sustainable model that guarantees the chapter can thrive in a well-maintained setting, fostering a strong sense of community and enhancing the overall college experience for its members.

Ultimately, Gamma Psi House Corporation contributes to the educational and social development of the fraternity members, providing them with essential resources and facilities that facilitate their personal growth and academic success.




This information is meant to be a general summary of Gamma Psi House 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
$406,184 (2023)
Expenses
$222,234 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $1,621
  • Program Service Revenue: $92,002
  • Gross Receipts: $406,184

Assets and Liabilities:

  • Total Assets: $829,238
  • Total Liabilities: $0
  • Net Assets: $829,238

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Programs

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

RENTAL- FRATERNITY HOUSE

Revenue

$92,002

Organization Details

Founding Year

1967

Principal Officer

Howell Reddeck

Main Address

3977 ORCHARD ROAD, SMYRNA, GA, 30080

NTEE Category

Code: B83 - Education

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