Overview
What is Sigma Phi Epsilon Housing Corporation Inc?
Sigma Phi Epsilon Housing Corporation Inc is a nonprofit organization established for a specific purpose. Located at 1020 Barber Creek Drive Suite 313, Watkinsville, Georgia 30677, its primary function is to manage real estate property. More precisely, it holds the title to 327 S. Milledge Ave, Athens, GA, and collects rental income generated from this property. The revenue collected is directed towards benefiting Sigma Phi Epsilon Fraternity Georgia Delta, a fraternal organization exempt under IRC Section 501(C)7. The corporation's mission is centered around real estate management, focusing on generating income that supports this fraternity.
Is Sigma Phi Epsilon Housing Corporation Inc legitimate?
Sigma Phi Epsilon Housing Corporation Inc is a legitimate nonprofit organization registered as a 501(c)(2) entity. Sigma Phi Epsilon Housing Corporation 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.
Heare are some key statistics you may want to consider:
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Other Salaries and Wages: $0
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What is the mission statement of Sigma Phi Epsilon Housing Corporation Inc?
Sigma Phi Epsilon Housing Corporation Inc is established with the primary objective of managing a specific property for the benefit of the Sigma Phi Epsilon Fraternity Georgia Delta chapter. Specifically, the corporation holds the title to a property located at 327 S. Milledge Ave, Athens, GA, and collects rental income derived from this property. The income generated is intended to support the fraternity, which falls under the IRC Section 501(C)7, a classification for fraternal organizations exempt from federal income tax. The corporation's primary role is to manage this property and its associated income, serving to support the fraternity's activities and operations.
What is the revenue of Sigma Phi Epsilon Housing Corporation Inc?
Sigma Phi Epsilon Housing Corporation Inc's revenue in 2023 was $202,930.
Who are the executives of Sigma Phi Epsilon Housing Corporation Inc and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for Sigma Phi Epsilon Housing Corporation Inc?
Sigma Phi Epsilon Housing Corporation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Sigma Phi Epsilon Housing Corporation Inc
Sigma Phi Epsilon Housing Corporation Inc is established with a singular purpose: to serve as the title holder for a specific property, located at 327 S. Milledge Ave, Athens, GA. The corporation's primary objective is to collect rental income derived from this property, ultimately benefiting Sigma Phi Epsilon Fraternity Georgia Delta, a fraternal organization recognized as tax-exempt under IRC Section 501(C)7. In essence, Sigma Phi Epsilon Housing Corporation Inc acts as a financial intermediary, securing and managing property assets to support the fraternity's operations and initiatives.
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Impact
October, 2024
Sigma Phi Epsilon Housing Corporation Inc plays a vital role in supporting the Sigma Phi Epsilon Fraternity Georgia Delta by managing and maintaining a dedicated property at 327 S. Milledge Ave in Athens, GA. This investment in real estate allows for the collection of rental income, which directly benefits the fraternity and enhances its operational capabilities.
By providing a stable and well-maintained housing option for fraternity members, the corporation fosters a sense of community and belonging among the members. This contributes to their overall college experience, facilitating personal development, camaraderie, and lifelong friendships. The property not only serves as a residence but also as a hub for fraternity activities, promoting leadership and social engagement.
Additionally, the financial resources generated from the property enable the fraternity to invest in community improvement initiatives and programs, further impacting both the fraternity and the broader community positively. This strategic use of assets ensures that the fraternity can continue its mission while enriching the collegiate environment in Athens.
This information is meant to be a general summary of Sigma Phi Epsilon Housing Corporation 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.
- Program Service Revenue: $202,930
- Gross Receipts: $202,930
Assets and Liabilities:
- Total Assets: $1,283,190
- Total Liabilities: $741,432
- Net Assets: $541,758
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$202,930
Organization Details
Founding Year
2009
Principal Officer
Doug Britt
NTEE Category
Code: S47 - Community improvement
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