2017-06-07T13:51:53-05:00 2016-07-31 351178661 BLUE & CO LLC 12800 N MERIDIAN STREET SUITE 400 CARMEL IN 46032 990 2015-08-01 351992276 ALPHA CHI OMEGA NATIONAL HOUSING CORPORATION ALPH 3175795050 5939 CASTLE CREEK PARKWAY NORTH DR INDIANAPOLIS IN 462504343 CHRISTINE LOUCK CHIEF FINANCIAL OFFICER 3175795050 2017-05-08 1 ANGELA N CRAWFORD CPA P00573197 3178488920 2017-05-08 2015 2021-01-29 14:40:06Z KATHLEEN GAFFIN 5939 CASTLE CREEK PKWY N INDPLS IN 46250 7024583 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 6 85054 -62764 1303393 1489915 4920159 5368682 51115 37148 71582 128485 6346249 7024230 0 0 0 0 510945 438810 0 0 0 4436238 5182271 4947183 5621081 1399066 1403149 28881886 31862870 8992033 10782385 19889853 21080485 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 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 106 0 1 0 1 1 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 0 0 IN X X CHRISTINE LOUCK 3175795050 5939 CASTLE CREEK PKWY N 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 CHRISTINA GREENWELL MULLINS BOARD OF DIRECTORS 5.00 X 0 0 0 MARI-JEAN OSWALD SIEHL BOARD OF DIRECTORS 5.00 X 0 0 0 TAMI SHIELDS SILVERMAN CHIEF EXECUTIVE OFFICER 11.25 26.25 X 0 127932 0 SALLY CUTLER INTERM CEO 11.25 26.25 X 0 0 0 0 127932 0 0 0 0 0 CSL MANAGEMENT LLC 400 MAIN STREET SUITE 210 FRANKLIN TN 37064 MANAGEMENT FEE 212561 PETER J SARKUS 10 BILL GEORGE ROAD LANSING NY 148828832 RENT, REPAIRS 201567 DEPT OF FRATERNITY & SORORITY LIFE 0221 STAMP STUDENT UNION COLLEGE PARK MD 207424631 RENT 151246 UNIVERSITY OF MARYLAND 3972 CAMPUS DRIVE COLLEGE PARK MD 207424631 RENT 120465 CCR INC 10976 LUNA POINT RD TALLAHASSEE FL 32312 RENOVATION 101605 5 1282944 206971 1489915 RENTAL INCOME 531190 5368682 5291414 77268 5368682 37351 29698 7653 133 133 150 353 -203 -203 -203 OTHER INCOME 900099 128352 128352 128352 7024230 5449261 85054 0 26435 336710 47531 28134 69512 22820 275236 21759 10788 1583092 17234 41512 313401 1721422 130872 REPAIRS AND MAINTENANCE 371968 PROPERTY TAXES 308393 LANDSCAPING EXPENSE 118802 CLEANING EXPENSE 99383 76077 5621081 6734010 7887197 30255 64035 500000 487794 177655 161858 37589848 14739427 21091016 22850421 348950 411565 28881886 31862870 2854374 2783527 403767 354933 4935287 7374365 798605 269560 8992033 10782385 X 16954890 18247206 2934963 2833279 19889853 21080485 28881886 31862870 X 1403149 -212517 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3118714 3118714 28986937 10977562 18009375 562994 342799 220195 4921203 3419066 1502137 22850421 NOTES PAYABLE TO AFFILIATED ENTITIE 269560 269560 X 6811713 0 6811713 212517 212517 7024230 5621081 0 5621081 0 5621081 PART X, LINE 2: THE NHC IS A NOT-FOR-PROFIT CORPORATION THAT IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(7) OF THE INTERNAL REVENUE CODE AND SIMILAR STATE LAW. THE EXEMPTION IS ON ALL INCOME EXCEPT UNRELATED BUSINESS INCOME. AN UNRELATED TRADE OR BUSINESS OF AN EXEMPT ORGANIZATION AS 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 FOR CHARITABLE AND EDUCATIONAL PURPOSES. INCOME THAT IS PROPERLY SET ASIDE MUST BE USED FOR THE QUALIFYING PURPOSES OUTLINED IN THE SET ASIDE RESOLUTION. 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, 2016 AND 2015, 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, 2015. 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 12,517. IMPAIRMENT LOSS ON ACQUIRED PROPERTY 200,000. FORM 990, PART VI, SECTION A, LINE 6 THE CORPORATION SHALL HAVE THREE CLASSES OF MEMBERSHIP: (1) NATIONAL COUNCIL MEMBERS, (2) COLLEGIATE MEMBERS, AND (3) LOCAL HOUSE CORPORATION MEMBERS. SECTION 1. 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 ARTICLES OF INCORPORATION AND THE BYLAWS OF THE CORPORATION. SECTION 2. 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. SECTION 3. 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 MEMBERS SHALL ONLY HAVE SUCH RIGHTS AS ARE SET FORTH IN THE CORPORATION'S BYLAWS. 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 11 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 CHIEF FINANCIAL OFFICER. 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 -12,517. IMPAIRMENT LOSS ON ACQUIRED PROPERTY -200,000. 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 ALPHA CHI OMEGA FRATERNITY INC P 458890 ALPHA CHI OMEGA FRATERNITY INC K 34800