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Lambda Chi Alpha Properties Inc

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

EIN: 912088961 ✦ Carmel, IN ✦ Designated as a 501(c)(7)

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Overview

What is Lambda Chi Alpha Properties Inc?

Lambda Chi Alpha Properties Inc, situated in Carmel, Indiana, serves as a supportive organization for the chapters of the Lambda Chi Alpha Fraternity. Their primary role involves managing properties on behalf of these chapters, offering assistance in securing loans for housing needs. Beyond property management, they also oversee properties that are either up for sale, owned by the organization and rented out to non-members, or leased to members who pay rent to the associated university. Their mission is to provide housing resources, education, guidance, and programming to chapter and house corporations of Lambda Chi Alpha Fraternity, ensuring a smooth and beneficial living experience for their members.


Official website here: www.lambdachi.org

Is Lambda Chi Alpha Properties Inc legitimate?

Lambda Chi Alpha Properties Inc is a legitimate nonprofit organization registered as a 501(c)(7) entity. Lambda Chi Alpha Properties 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:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.lambdachi.org

What is the mission statement of Lambda Chi Alpha Properties Inc?

Lambda Chi Alpha Properties Inc is committed to providing housing resources, education, guidance, and programming to and for the chapter and house corporations of Lambda Chi Alpha Fraternity Inc. Their primary aim is to support these chapters in their housing needs, aiding them in obtaining loans for housing purposes when necessary. The organization also manages certain properties for the benefit of its member chapters. The remaining properties may be either for sale, owned by the organization and occupied by non-members, or occupied by members who pay rent to the associated university. At present, no income is generated by the members.


Official website here: www.lambdachi.org

Who is the CEO of Lambda Chi Alpha Properties Inc?

Tony Robinson is the President of Lambda Chi Alpha Properties Inc.


Official website here: www.lambdachi.org

What is the revenue of Lambda Chi Alpha Properties Inc?

Lambda Chi Alpha Properties Inc's revenue in 2021 was $415,087.


Official website here: www.lambdachi.org

Who are the executives of Lambda Chi Alpha Properties Inc and what are their salaries?


Here are 3 key members and their salaries:


Troy Medley (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tad Lichtenauer (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tony Robinson (Secretary/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.lambdachi.org

Where can I find the form 990 for Lambda Chi Alpha Properties Inc?

Lambda Chi Alpha Properties Inc's most recent form 990 was submitted in 2021 and can be accessed here.


Official website here: www.lambdachi.org

Learn more at the official website: www.lambdachi.org

Mission Statement of Lambda Chi Alpha Properties Inc

Lambda Chi Alpha Properties Inc is committed to providing valuable resources, education, direction, and programming to the chapter and house corporations of Lambda Chi Alpha Fraternity, Inc. In essence, its mission is to support these organizations by managing properties, aiding in obtaining loans for housing purposes, and offering assistance in various housing-related matters. The organization's efforts are geared towards enhancing the living experiences of the members of Lambda Chi Alpha Fraternity, Inc. While generating income is not currently a primary focus for Lambda Chi Alpha Properties Inc, it manages certain properties for the benefit of the fraternity's chapters, either by leasing them to nonmembers or by renting them out to members who are associated with the university.

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Impact




October, 2024

Lambda Chi Alpha Properties Inc significantly impacts its community by providing essential housing resources and educational support to chapters of the Lambda Chi Alpha Fraternity. By managing properties for the benefit of these member chapters, it plays a crucial role in ensuring that fraternity members have access to safe and suitable living environments.

The organization aids chapters in securing loans for housing purposes, facilitating the financial aspects of housing that are vital for their operational success. This support not only enhances the living conditions of members but also fosters a sense of community and belonging among them. Additionally, the properties managed may serve as a space for programming and activities that further enrich the fraternity experience.

Overall, Lambda Chi Alpha Properties Inc is dedicated to strengthening the foundation on which its member chapters operate, thus contributing to the long-term success and stability of the fraternity as a whole.




This information is meant to be a general summary of Lambda Chi Alpha Properties 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.

Revenue
$415,087 (2021)
Expenses
$177,857 (2021)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2021.

  • Gross Receipts: $415,087

Assets and Liabilities:

  • Total Assets: $0
  • Total Liabilities: $0
  • Net Assets: $0

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Organization Details

Founding Year

1999

Principal Officer

Tony Robinson

Main Address

10 WEST CARMEL DRIVE NO 220, CARMEL, IN, 46032

NTEE Category

Code: B83 - Education

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