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White Horse Holding Corporation

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

EIN: 626050083 ✦ Memphis, TN ✦ Designated as a 501(c)(7)

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Overview

What is White Horse Holding Corporation?

White Horse Holding Corporation is a nonprofit organization dedicated to supporting fraternity chapters across North America. Their primary mission is to aid these student chapters in acquiring, renovating, financing, refinancing, or purchasing chapter houses, equipment, furniture, and furnishings. They also assist in managing the rental income from these properties. The corporation's ultimate goal is to help fraternity chapters secure competitive real estate and preserve and grow their equity in these properties.

Is White Horse Holding Corporation legitimate?

White Horse Holding Corporation is a legitimate nonprofit organization registered as a 501(c)(7) entity. White Horse Holding 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 White Horse Holding Corporation?

White Horse Holding Corporation's mission is centered around aiding fraternity student chapters in various real estate-related activities. This includes assisting in the construction, renovation, financing, refinancing, or purchase of chapter houses, equipment, furniture, and furnishings. The corporation's primary goal is to help these chapters acquire competitive real estate properties across North America and ensure the preservation and growth of the equity associated with these properties. White Horse Holding Corporation provides loans and resources to facilitate these objectives for fraternity chapters.

Who is the CEO of White Horse Holding Corporation?

John Michael Williams is the President of White Horse Holding Corporation.

What is the revenue of White Horse Holding Corporation?

White Horse Holding Corporation's revenue in 2022 was $3,077,604.

Who are the executives of White Horse Holding Corporation and what are their salaries?

There 5 volunteers at White Horse Holding Corporation.


Here are 6 key members and their salaries:


John Michael Williams (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Scott D Bell (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
D Christopher Ward (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Anthony C Andujar (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
S Shane Pate Ii (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Justin Buck (Secretary/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for White Horse Holding Corporation?

White Horse Holding Corporation's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of White Horse Holding Corporation

White Horse Holding Corporation, a notable entity, is committed to supporting fraternity chapter houses nationwide. Its mission is twofold: firstly, it aims to aid these chapters in the acquisition, remodeling, financing, refinancing, or purchasing of properties such as chapter houses, equipment, furniture, and furnishings. By doing so, White Horse Holding Corporation enables these chapters to hold title to their properties. Secondly, the corporation strives to preserve and grow the equity of these competitive real estate properties. By providing loans, services, and resources, White Horse Holding Corporation plays a significant role in the development and growth of fraternity chapters across North America.

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Impact




October, 2024

White Horse Holding Corporation significantly facilitates the growth and sustainability of fraternity chapters across North America by providing essential financial and advisory support. By offering loans and services, the organization enables these chapters to build, remodel, finance, or purchase their chapter houses, as well as acquire equipment and furnishings. This support not only helps improve the living conditions for members but also ensures that the chapters can establish a strong physical presence within their communities.

The impact of White Horse Holding Corporation extends beyond just financial assistance. By helping fraternity chapters secure competitive real estate and preserving their equity, the organization promotes long-term stability and growth within these communities. As a result, fraternity chapters can thrive, creating environments that foster camaraderie, leadership, and personal development among their members. This mission ultimately contributes to the overall vibrancy of collegiate life and strengthens the networks that support student engagement and success.




This information is meant to be a general summary of White Horse Holding 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
$3,077,604 (2022)
Expenses
$1,838,013 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $128,824
  • Program Service Revenue: $1,822,950
  • Gross Receipts: $3,150,328

Assets and Liabilities:

  • Total Assets: $25,729,235
  • Total Liabilities: $12,441,921
  • Net Assets: $13,287,314

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Programs

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

RENTAL INCOME

Revenue

$1,473,463

LENDING INCOME

Revenue

$206,399

MANAGEMENT FEES AND MI

Revenue

$71,499

PARKING FEES

Revenue

$59,262

BAD DEBT ADJUSTMENT

Revenue

$9,863

Organization Details

Founding Year

1963

Principal Officer

John Michael Williams

Main Address

1779 KIRBY PKWY 13891, MEMPHIS, TN, 38138

NTEE Category

Code: N50 - Recreation

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