2018-12-11T16:15:32-06:00 2018-07-31 351178661 BLUE & CO LLC 12800 N MERIDIAN STREET SUITE 400 CARMEL IN 46032 990 2017-08-01 351992276 ALPHA CHI OMEGA NATIONAL HOUSING CORPORATION ALPH 3175795050 5939 CASTLE CREEK PARKWAY NORTH DR INDIANAPOLIS IN 462504343 TIM JOHNSON SENIOR FINANCIAL CONTROLLER 3175795050 2018-12-06 1 ANGELA N CRAWFORD CPA P00573197 3178488920 2018-11-26 71.46.95.248 2018-12-06 08:00:09 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 38D9E49CC0CA71BE8938C550DFC6219FF2DB8390 2017 2019-02-21 02:37:17Z TIM JOHNSON 5939 CASTLE CREEK PARKWAY NORTH DR INDIANAPOLIS IN 462504343 9653150 0 X WWW.ALPHACHIOMEGA.ORG X 1995 IN ALPHA CHI OMEGA NATIONAL HOUSING CORPORATION WAS ESTABLISHED TO MANAGE AND/OR OWN FACILITIES AND TO PROVIDE SERVICE FOR ALPHA CHI OMEGA HOUSE CORPORATIONS. THE ORGANIZATION WAS ALSO ORGANIZED TO FACILITATE, FOSTER, AND ENCOURAGE FRIENDSHIP, RECREATION, SOCIAL INTERACTION, THE PURSUIT OF KNOWLEDGE, AND OTHER NON-PROFIT PURPOSES AND ACTIVITIES AMONG ITS MEMBERS. 7 7 0 7 67594 -220984 4325547 2808040 5979369 6726642 31922 -2590 84322 78827 10421160 9610919 0 0 0 0 363769 543073 0 0 0 5635041 6294181 5998810 6837254 4422350 2773665 37401140 48694995 11911795 20692520 25489345 28002475 ENHANCE THE EXPERIENCE OF ALPHA CHI OMEGA'S COLLEGIATE MEMBERS THROUGH THE PROMOTION, SUPPORT AND DEVELOPMENT OF APPROPRIATE, DESIRABLE AND SAFE FACILITIES. 0 0 PROVIDE HOUSING TO MEMBERS OF ALPHA CHI OMEGA FRATERNITY'S PROPERTIES. 0 1 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 0 1 0 0 1 120 0 1 0 1 1 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 0 1 1 1 0 1 1 1 1 1 1 1 0 0 IN X X TIM JOHNSON 3175795050 5939 CASTLE CREEK PARKWAY NORTH DR INDIANAPOLIS IN 462504343 X CASSIE GERHARDT BOARD OF DIRECTORS, PRES 5.00 X X 0 0 0 ALICE SNEDEKER BOARD OF DIRECTORS, SEC 5.00 X X 0 0 0 LYNNE BIGGIO HERNDON NATIONAL VICE PRESIDENT/DI 5.00 X X 0 0 0 DANIELLE DUROCHER BOARD OF DIRECTORS 5.00 X 0 0 0 MOLLY MUETHING IRONMONGER BOARD OF DIRECTORS 5.00 X 0 0 0 JENNIFER CROTTY BOARD OF DIRECTORS 5.00 X 0 0 0 DONNA KLINGE BOARD OF DIRECTORS 5.00 X 0 0 0 KATIE GAFFIN CEO 12.00 28.00 X 0 161880 10248 TIM JOHNSON SENIOR CONTROLLER 14.00 26.00 X 0 38843 13622 0 200723 23870 0 0 1 0 KINCO CONSTRUCTORS LLC 3803 KELLEY AVE SPRINGDALE AR 72762 CONSTRUCTION SERVICES FOR DELTA RHO 827866 POLKADOTS & ROSEBUDS INTERIORS 395 REDDING RD 16 LEXINGTON KY 40517 INTERIOR DESIGN, FURNITURE AND FIXTURE P 442748 LAHARPE'S OFFICE FURNITURE 318 PRESIDENT CLINTON AVE LITTLE ROCK AR 72201 FURNITURE FOR DELTA RHO HOUSE 388186 CSL MANAGEMENT LLC 400 MAIN STREET STE 210 FRANKLIN TN 37064 FEES FOR MANAGEMENT OF OWNED AND LEASED 308303 BROTHERTON CONSTRUCTION LLC 171 CALKINS ROAD ITHACA NY 14850 INTERIOR DESIGN, FURNITURE AND VARIOUS U 247829 16 1327852 1480188 1273167 2808040 RENTAL INCOME 531190 6726642 6666588 60054 6726642 29641 22101 7540 10000 42231 -32231 -32231 -32231 OTHER INCOME 900099 78827 78827 78827 9610919 6767516 67594 -32231 108919 354104 44017 36033 77338 24370 294299 15885 645 1449714 29394 26863 396957 2261379 191560 REPAIRS AND MAINTENANCE 765390 PROPERTY TAXES 378146 CLEANING EXPENSE 157309 LANDSCAPING EXPENSE 150578 74354 6837254 8096686 6203678 744578 67755 471998 455074 204956 175429 60343610 18797314 27402918 41546296 480004 246763 37401140 48694995 3074468 3918572 268107 259622 8329739 16305993 239481 208333 11911795 20692520 X 21687944 25665209 3801401 2337266 25489345 28002475 37401140 48694995 X 2773665 -260535 X X 0 1 X 1 0 3194268 3194268 49717277 13913284 35803993 697094 420444 276650 6734971 4463586 2271385 41546296 NOTES PAYABLE TO AFFILIATED ENTITIES 208333 208333 X 9350384 0 9350384 260535 260535 9610919 6837254 0 6837254 0 6837254 PART X, LINE 2: THE NHC IS ORGANIZED AS A NOT-FOR-PROFIT CORPORATION AND HAS OBTAINED EXEMPTION FROM INCOME TAXES UNDER SECTION 501(C)(7) OF THE UNITED STATES INTERNAL REVENUE CODE AND SIMILAR STATE LAWS. THE EXEMPTION IS ON ALL INCOME EXCEPT UNRELATED BUSINESS INCOME. AN UNRELATED TRADE OR BUSINESS OF AN EXEMPT ORGANIZATION IS ANY TRADE OR BUSINESS WHICH IS NOT SUBSTANTIALLY RELATED TO THE EXERCISE OR PERFORMANCE OF ITS EXEMPT PURPOSE. INCOME EARNED FROM NON-MEMBERS IS RECOGNIZED AS UNRELATED BUSINESS INCOME TO THE EXTENT SUCH INCOME IS NOT SET ASIDE. INCOME THAT IS PROPERLY SET ASIDE MUST BE USED FOR THE QUALIFYING PURPOSES OUTLINED IN THE SET ASIDE RESOLUTION. THE NHC DID NOT PAY ANY UNRELATED BUSINESS INCOME TAX IN THE YEARS ENDED JULY 31, 2018 AND 2017. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE NHC AND RECOGNIZE A TAX LIABILITY IF THE NHC HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY VARIOUS FEDERAL AND STATE TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE NHC, AND HAS CONCLUDED THAT AS OF JULY 31, 2018 AND 2017, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE NHC IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE NHC HAS FILED ITS FEDERAL AND STATE INCOME TAX RETURNS FOR PERIODS THROUGH JULY 31, 2017. THESE INCOME TAX RETURNS ARE GENERALLY OPEN TO EXAMINATION BY THE RELEVANT TAXING AUTHORITIES FOR A PERIOD OF THREE YEARS FROM THE LATER OF THE DATE THE RETURN WAS FILED OR ITS DUE DATE (INCLUDING APPROVED EXTENSIONS). PART XI, LINE 4B - OTHER ADJUSTMENTS: IMPAIRMENT LOSS ON BUILDING HELD FOR SALE 260,535. X X X 0 0 0 KATIE GAFFIN CEO 0 161880 0 0 0 0 0 3300 0 6948 0 172128 0 0 X 1 1273167 BOOK 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 SECTION 1. MEMBERS. THE CORPORATION SHALL HAVE THREE CLASSES OF MEMBERSHIP: (A) NATIONAL COUNCIL MEMBERS, (B) COLLEGIATE MEMBERS, AND (C) LOCAL HOUSE CORPORATION MEMBERS. (A) NATIONAL COUNCIL MEMBERS SHALL BE, AT ANY PARTICULAR TIME, THOSE INDIVIDUALS WHO, AT SUCH TIME, ARE SERVING ON THE NATIONAL COUNCIL OF ALPHA CHI OMEGA FRATERNITY, INC. ("FRATERNITY") AND SHALL HAVE THOSE RIGHTS AND OBLIGATIONS AS SET FORTH IN THE INDIANA NONPROFIT CORPORATION ACT (THE "ACT"), THESE BYLAWS AND THE ARTICLES OF INCORPORATION OF THE CORPORATION. (B) COLLEGIATE MEMBERS SHALL BE THOSE WHO ARE INITIATED INTO ALPHA CHI OMEGA FRATERNITY AND WHO ARE CURRENTLY AN ACTIVE MEMBER OF AN ALPHA CHI OMEGA CHAPTER AS DESCRIBED IN THE FRATERNITY'S POLICIES. COLLEGIATE MEMBERS SHALL ONLY HAVE SUCH RIGHTS AS ARE SET FORTH IN THE CORPORATION'S BYLAWS. (C) LOCAL HOUSE CORPORATION MEMBERS SHALL BE LOCAL HOUSE CORPORATIONS, AND PROPERTY MANAGEMENT TEAMS, DULY FORMED UNDER THE LAW OF THEIR STATE AND THE POLICIES OF ALPHA CHI OMEGA, THAT OWN, LEASE AND/OR MANAGE A FACILITY FOR THE USE OF A COLLEGIATE CHAPTER OF ALPHA CHI OMEGA. LOCAL HOUSE CORPORATION FORM 990, PART VI, SECTION A, LINE 7A ONE OF THE DIRECTORS SHALL BE THE NATIONAL PRESIDENT OF THE FRATERNITY OR HER DESIGNATED NATIONAL COUNCIL REPRESENTATIVE. THE REMAINING DIRECTORS SHALL BE ELECTED BY THE NATIONAL COUNCIL MEMBERS OF THE CORPORATION. FORM 990, PART VI, SECTION B, LINE 11B THE PROCESS UNDERTAKEN FOR THE 990 REVIEW IS AS FOLLOWS: THE 990 IS PREPARED, REVIEWED AND SIGNED BY A PUBLIC ACCOUNTING FIRM BASED ON INFORMATION OBTAINED FROM THE AUDIT AND INFORMATION PROVIDED BY HEADQUARTER'S OPERATIONS. THE 990 IS REVIEWED BY THE SENIOR FINANCIAL CONTROLLER. AFTER REVIEW AND APPROVAL, IT IS FORWARDED TO THE BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY: BOARD MEMBERS AND MANAGEMENT STAFF ARE COVERED UNDER THE "CONFLICT OF INTEREST POLICY". UPON TAKING OFFICE OR EMPLOYMENT, THE CONFLICT OF INTEREST FORM IS COMPLETED AND SIGNED. THE PROCESS IS MONITORED BY THE SENIOR DIRECTOR OF HUMAN RESOURCES. IF NOTIFIED OF A "CONFLICT OF INTEREST", THE SENIOR DIRECTOR OF HUMAN RESOURCES WOULD INVESTIGATE THE CONFLICT. FORM 990, PART VI, SECTION B, LINE 15A INPUT FOR COMPENSATION FOR THE CHIEF EXECUTIVE OFFICER IS RECEIVED FROM THE BOARDS OF THE THREE CORPORATIONS OF ALPHA CHI OMEGA FRATERNITY. THIS INPUT IS REQUESTED BY THE NATIONAL COUNCIL PRESIDENT. THE NATIONAL COUNCIL PRESIDENT COMPILES AND REVIEWS THE INFORMATION SUBMITTED. THE SALARY OF THE CHIEF EXECUTIVE OFFICER IS ALLOCATED TO THE THREE CORPORATIONS OF THE FRATERNITY, WITH ALPHA CHI OMEGA FRATERNITY, INC. ACTING AS THE COMMON PAYMASTER. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FORM 990, PART VII OFFICER'S COMPENSATION THE CHIEF EXECUTIVE OFFICER IS COMPENSATED THOUGH THE ALPHA CHI OMEGA FRATERNITY, BUT ALSO SERVES AS THE CHIEF EXECUTIVE OFFICER ON ALPHA CHI OMEGA NATIONAL HOUSING CORPORATION (NHC) AND ALPHA CHI OMEGA FOUNDATION, INC. (FOUNDATION). THE NHC AND FOUNDATION REIMBURSE THE FRATERNITY FOR A PERCENTAGE OF THE CHIEF EXECUTIVE OFFICER'S SALARY AND BENEFITS. THE AMOUNT OF REIMBURSED SALARY IS REFLECTED ON PART IX, LINE 5, OFFICER'S COMPENSATION. FORM 990, PART XI, LINE 9: IMPAIRMENT LOSS ON BUILDING HELD FOR SALE -260,535. FORM 990, PART XII, LINE 2C THE ORGANIZATION HAS AN AUDIT COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. ALPHA CHI OMEGA FRATERNITY INC 5939 CASTLE CREEK PARKWAY NORTH DR INDIANAPOLIS IN 46250 350141875 FRATERNAL ORGANIZATION IN 501(C)(7) 0 0 0 0 0 1 0 0 0 0 0 1 0 0 1 1 1 1 0 0