CHI OMEGA HOUSING CORPORATION: Form 990, tax year 2012

View the entire original 990 at ProPublica ↗

Organization: CHI OMEGA HOUSING CORPORATION (EIN 59-6135388)
Tax period: 2012-08-01 to 2013-07-31
Filed: 2015-11-13
IRS object ID: 201503179349308455
Schema version: 2012v3.0
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule D
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2015-11-13T16:03:07-06:00	Timestamp
Tax Period End Date	2013-07-31	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	PURVIS GRAY & COMPANY LLP	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	222 NORTH EAST FIRST STREET	AddressLine1
City	GAINESVILLE	City
State	FL	State
ZIP Code	32601	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnType
Tax Period Begin Date	2012-08-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	596135388	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	CHI OMEGA HOUSING CORPORATION	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	CHIO	NameControl
Phone	3523757249	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 358614	AddressLine1
City	GAINESVILLE	City
State	FL	State
ZIP Code	326358614	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	SHERRY PATRICK	Name
Title	PRESIDENT	Title
Phone	3523757249	Phone
Date Signed	2015-11-04	DateSigned
Authorize Third Party	true	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	JAMES W PATRAY III CPA	Name
Phone	3523782461	Phone
Date Prepared	2015-11-13	DatePrepared

Field	Value	IRS element (for citing)
Tax Year	2012	TaxYear
Build TS	2016-03-07 17:11:31Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Amended Return	X	AmendedReturn
Name Of Principal Officer Person	SHERRY PATRICK	NameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

Field	Value	IRS element (for citing)
Address Line1	PO BOX 358614	AddressLine1
City	GAINESVILLE	City
State	FL	State
ZIP Code	326358614	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	865411	GrossReceipts
Group Return For Affiliates	false	GroupReturnForAffiliates
Organization501c	X	Organization501c
Web Site	N/A	WebSite
Type Of Organization Corporation	X	TypeOfOrganizationCorporation
Year Formation	1987	YearFormation
State Legal Domicile	FL	StateLegalDomicile
Activity Or Mission Description	TO OBTAIN MONEY AND PROPERTY BY GIFT, BEQUEST, LOAN, LEASE, AND OTHERWISE, AND TO USE SUCH MONEY FOR THE PURCHASES AND ACQUIRING OF PROPERTY, IF NECESSARY, AND FOR THE CREATION OF A CHI OMEGA HOUSE AT THE UNIVERSITY OF FLORIDA, GAINESVILLE, FLORIDA, FOR THE PURPOSE OF PROVIDING A MEETING SPACE AND HOUSING TO MEMBERS OF ETA DELTA CHAPTER OF THE CHI OMEGA FRATERNITY. TO BORROW MONEY FOR THE USES AND PURPOSES AS SET OUT ABOVE EVIDENCING SUCH LOANS BY THE ISSUING OF NEGOTIABLE INSTRUMENTS. TO DO ANY AND ALL THINGS DEEMED NECESSARY AS PROVIDED IN THIS CHARTER TO SECURE PROPERTIES, WHETHER REAL OR PERSONAL, FOR THE ADVANCEMENT OF ETA DELTA CHAPTER OF THE CHI OMEGA FRATERNITY IN GAINESVILLE, ALACHUA COUNTY, FLORIDA.	ActivityOrMissionDescription
Nbr Voting Members Governing Body	12	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	12	NbrIndependentVotingMembers
Total Nbr Employees	16	TotalNbrEmployees
Total Gross UBI	20292	TotalGrossUBI
Net Unrelated Business Txbl Income	10763	NetUnrelatedBusinessTxblIncome
Contributions Grants Prior Year	2500	ContributionsGrantsPriorYear
Contributions Grants Current Year	0	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	802658	ProgramServiceRevenuePriorYear
Program Service Revenue CY	845119	ProgramServiceRevenueCY
Investment Income Prior Year	30025	InvestmentIncomePriorYear
Investment Income Current Year	7600	InvestmentIncomeCurrentYear
Other Revenue Current Year	0	OtherRevenueCurrentYear
Total Revenue Prior Year	835183	TotalRevenuePriorYear
Total Revenue Current Year	852719	TotalRevenueCurrentYear
Grants And Similar Amnts CY	0	GrantsAndSimilarAmntsCY
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Prior Year	130978	SalariesEtcPriorYear
Salaries Etc Current Year	154535	SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	0	TotalFundrsngExpCurrentYear
Other Expense Prior Year	426266	OtherExpensePriorYear
Other Expenses Current Year	477277	OtherExpensesCurrentYear
Total Expenses Prior Year	557244	TotalExpensesPriorYear
Total Expenses Current Year	631812	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	277939	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	220907	RevenuesLessExpensesCY
Total Assets BOY	2074624	TotalAssetsBOY
Total Assets EOY	2449340	TotalAssetsEOY
Total Liabilities BOY	256948	TotalLiabilitiesBOY
Total Liabilities EOY	410757	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	1817676	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	2038583	NetAssetsOrFundBalancesEOY
Info In Schedule O Part III	X	InfoInScheduleOPartIII
Mission Description	TO OBTAIN MONEY AND PROPERTY BY GIFT, BEQUEST, LOAN, LEASE, AND OTHERWISE, AND TO USE SUCH MONEY FOR THE PURCHASES AND ACQUIRING OF PROPERTY, IF NECESSARY, AND FOR THE CREATION OF A CHI OMEGA HOUSE AT THE UNIVERSITY OF FLORIDA, GAINESVILLE, FLORIDA, FOR THE PURPOSE OF PROVIDING A MEETING SPACE AND HOUSING TO MEMBERS OF ETA DELTA CHAPTER OF THE CHI OMEGA FRATERNITY. TO BORROW MONEY FOR THE USES AND PURPOSES AS SET OUT ABOVE EVIDENCING SUCH LOANS BY THE ISSUING OF NEGOTIABLE INSTRUMENTS. TO DO ANY AND ALL THINGS DEEMED NECESSARY AS PROVIDED IN THIS CHARTER TO SECURE PROPERTIES, WHETHER REAL OR PERSONAL, FOR THE ADVANCEMENT OF ETA DELTA CHAPTER OF THE CHI OMEGA FRATERNITY IN GAINESVILLE, ALACHUA COUNTY, FLORIDA.	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Description	THE ORGANIZATION HAS MET ITS EXEMPT PURPOSE IN PROVIDING ROOM AND BOARD TO THE ETA DELTA CHAPTER OF CHI OMEGA FRATERNITY. IT HAS PROVIDED A HOUSE THAT HAS BEEN MAINTAINED IN GOOD ORDER AS WELL AS CONSISTENTLY PROVIDING HIGH QUALITY MEALS TO THE MEMBERS OF THE SORORITY.	Description

Activity Other ActivityOther

Field	Value	IRS element (for citing)
Description	THE ORGANIZATION HAS MET ITS EXEMPT PURPOSE IN PROVIDING ROOM, BOARD AND MEETING SPACE TO THE MEMBERS OF CHI OMEGA SORORITY. IT HAS PROVIDED ROOMS THAT HAVE BEEN MAINTAINED IN GOOD ORDER AS WELL AS CONSISTENTLY PROVIDING HIGH QUALITY MEALS TO THE MEMBERS OF THE SORORITY.	Description

Field	Value	IRS element (for citing)
Described In501 C3	false	DescribedIn501C3
Schedule B Required	false	ScheduleBRequired
Political Activities	false	PoliticalActivities
Subject To Proxy Tax	false	SubjectToProxyTax
Donor Advised Funds	false	DonorAdvisedFunds
Conservation Easements	false	ConservationEasements
Collections Of Art	false	CollectionsOfArt
Credit Counseling	false	CreditCounseling
Term Or Permanent Endowments	false	TermOrPermanentEndowments
Report Land Bldg Equip	true	ReportLandBldgEquip
Report Invest Oth Securities	false	ReportInvestOthSecurities
Report Prog Rel Invest	false	ReportProgRelInvest
Report Other Assets	false	ReportOtherAssets
Report Other Liabilities	true	ReportOtherLiabilities
Report Fin48 Footnote	false	ReportFin48Footnote
Independent Audit Financial Stmt	false	IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt	false	ConsolidatedAuditFinancialStmt
School	false	School
Foreign Office	false	ForeignOffice
Foreign Activities	false	ForeignActivities
More Than5000 K To Organizations	false	MoreThan5000KToOrganizations
More Than5000 K To Individuals	false	MoreThan5000KToIndividuals
Professional Fundraising	false	ProfessionalFundraising
Fundraising Activities	false	FundraisingActivities
Gaming	false	Gaming
Hospital	false	Hospital
Grants To Organizations	false	GrantsToOrganizations
Grants To Individuals	false	GrantsToIndividuals
Schedule J Required	false	ScheduleJRequired
Tax Exempt Bonds	false	TaxExemptBonds
Loan To Officer Or DQP	false	LoanToOfficerOrDQP
Grant To Related Person	false	GrantToRelatedPerson
Bsnss Rltnshp With Organization	false	BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member	false	BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp	false	OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions	false	DeductibleNonCashContributions
Deductible Contributions Of Art	false	DeductibleContributionsOfArt
Terminated	false	Terminated
Partial Liquidation	false	PartialLiquidation
Disregarded Entity	false	DisregardedEntity
Related Entity	false	RelatedEntity
Related Org Controlled Entity	false	RelatedOrgControlledEntity
Activities Conducted Partnership	false	ActivitiesConductedPartnership
Schedule O Required	true	ScheduleORequired
Number Forms Transmitted With1096	6	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Number Of Employees	16	NumberOfEmployees
Employment Tax Returns Filed	true	EmploymentTaxReturnsFiled
Unrelated Business Income	true	UnrelatedBusinessIncome
Form990-T Filed	true	Form990-TFiled
Foreign Financial Account	false	ForeignFinancialAccount
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTrans
Taxable Party Notification	false	TaxablePartyNotification
Non Deductible Contributions	false	NonDeductibleContributions
Indoor Tanning Services	false	IndoorTanningServices
Info In Schedule O Part VI	X	InfoInScheduleOPartVI
Nbr Voting Governing Body Members	12	NbrVotingGoverningBodyMembers
Number Independent Voting Members	12	NumberIndependentVotingMembers
Family Or Business Relationship	false	FamilyOrBusinessRelationship
Delegation Of Management Duties	false	DelegationOfManagementDuties
Changes To Organizing Docs	false	ChangesToOrganizingDocs
Material Diversion Or Misuse	false	MaterialDiversionOrMisuse
Members Or Stockholders	false	MembersOrStockholders
Election Of Board Members	true	ElectionOfBoardMembers
Decisions Subject To Approval	false	DecisionsSubjectToApproval
Minutes Of Governing Body	true	MinutesOfGoverningBody
Minutes Of Committees	true	MinutesOfCommittees
Officer Mailing Address	false	OfficerMailingAddress
Local Chapters	false	LocalChapters
Form990 Provided To Governing Body	true	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	true	ConflictOfInterestPolicy
Annual Disclosure Covered Persons	true	AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement	true	RegularMonitoringEnforcement
Whistleblower Policy	false	WhistleblowerPolicy
Document Retention Policy	false	DocumentRetentionPolicy
Compensation Process CEO	false	CompensationProcessCEO
Compensation Process Other	false	CompensationProcessOther
Investment In Joint Venture	false	InvestmentInJointVenture
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Field	Value	IRS element (for citing)
Name Person	MARTHA OSMUN	NamePerson
Telephone Number	3523757249	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	6005 NW 19TH PLACE	AddressLine1
City	GAINESVILLE	City
State	FL	State
ZIP Code	32605	ZIPCode

Field	Value	IRS element (for citing)
No Listed Persons Compensated	X	NoListedPersonsCompensated

Form990 Part VII Section A Form990PartVIISectionA (12 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Individual Trustee Or DirectorIndividualTrusteeOrDirector	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation	OfficerOfficer
SANDRA OLINGER
DIRECTOR	2.00	X	0	0	0
DANA CLAYTON
PRESIDENT	15.00	X	0	0	0	X
LINDA SINGLETON
DIRECTOR	2.00	X	0	0	0
SHERRY PATRICK
VICE PRESIDE	15.00	X	0	0	0	X
SARA LYNN MCCREA
DIRECTOR	2.00	X	0	0	0
ALISON CANNON
DIRECTOR	2.00	X	0	0	0
LURAL DUNLAP
SECRETARY	15.00	X	0	0	0	X
MARY FEIBER
DIRECTOR	2.00	X	0	0	0
STEPHANIE MATTHEWS
TREASURER	15.00	X	0	0	0	X
SHARON SCHREIBER
DIRECTOR	2.00	X	0	0	0
KRISTIN MAMULA
HOUSE MANAGE	2.00	X	0	0	0
MARY ANN MYRAND
DIRECTOR	2.00	X	0	0	0

Field	Value	IRS element (for citing)
Formers Listed	false	FormersListed
Total Comp GT150 K	false	TotalCompGT150K
Compensation From Other Sources	false	CompensationFromOtherSources

Program Service Revenue ProgramServiceRevenue

Field	Value	IRS element (for citing)
Description	MEMBERSHIP DUES & ASSESSMENTS	Description
Business Code	900099	BusinessCode
Total Revenue Column	845119	TotalRevenueColumn
Related Or Exempt Function Income	845119	RelatedOrExemptFunctionIncome

Field	Value	IRS element (for citing)
Total Program Service Revenue	845119	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	18130	TotalRevenueColumn
Unrelated Business Revenue	18130	UnrelatedBusinessRevenue

Gross Amount Sales Assets GrossAmountSalesAssets

Field	Value	IRS element (for citing)
Other	2162	Other

Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses

Field	Value	IRS element (for citing)
Other	12692	Other

Gain Or Loss GainOrLoss

Field	Value	IRS element (for citing)
Other	-10530	Other

Net Gain Or Loss Investments NetGainOrLossInvestments

Field	Value	IRS element (for citing)
Total Revenue Column	-10530	TotalRevenueColumn
Unrelated Business Revenue	2162	UnrelatedBusinessRevenue
Exclusion	-$12,692	ExclusionAmount

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	852719	TotalRevenueColumn
Related Or Exempt Function Income	845119	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	20292	UnrelatedBusinessRevenue
Exclusion	-$12,692	ExclusionAmount

Other Salaries And Wages OtherSalariesAndWages

Field	Value	IRS element (for citing)
Total	139908	Total

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	14627	Total

Fees For Services Management FeesForServicesManagement

Field	Value	IRS element (for citing)
Total	20833	Total

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	8110	Total

Fees For Services Other FeesForServicesOther

Field	Value	IRS element (for citing)
Total	1329	Total

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	7988	Total

Occupancy Occupancy

Field	Value	IRS element (for citing)
Total	141455	Total

Conferences Meetings ConferencesMeetings

Field	Value	IRS element (for citing)
Total	1210	Total

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	65578	Total

Insurance Insurance

Field	Value	IRS element (for citing)
Total	6824	Total

Other Expenses OtherExpenses (4 entries)

DescriptionDescription	TotalTotal
FOOD	133050
SALES TAX EXPENSE	26175
KITCHEN SUPPLIES	18745
BANK CHARGES	16464

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	29516	Total

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	631812	Total
Program Services	0	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	0	Fundraising

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	72008	BOY
EOY	64408	EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Field	Value	IRS element (for citing)
BOY	766221	BOY
EOY	997962	EOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
EOY	132289	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	2201180	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	1354788	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	847044	BOY
EOY	846392	EOY

Investments Pub Traded Securities InvestmentsPubTradedSecurities

Field	Value	IRS element (for citing)
BOY	389351	BOY
EOY	408289	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	2074624	BOY
EOY	2449340	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	15389	BOY
EOY	2061	EOY

Deferred Revenue DeferredRevenue

Field	Value	IRS element (for citing)
BOY	213912	BOY
EOY	383182	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
BOY	27647	BOY
EOY	25514	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	256948	BOY
EOY	410757	EOY

Field	Value	IRS element (for citing)
Do Not Follow SFAS117	X	DoNotFollowSFAS117

Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc

Field	Value	IRS element (for citing)
BOY	1817676	BOY
EOY	2038583	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	1817676	BOY
EOY	2038583	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	2074624	BOY
EOY	2449340	EOY

Field	Value	IRS element (for citing)
Reconcilation Revenue Expenses	220907	ReconcilationRevenueExpenses
Info In Schedule O Part XII	X	InfoInScheduleOPartXII
Method Of Accounting Other	X	MethodOfAccountingOther
Accountant Compile Or Review	false	AccountantCompileOrReview
FS Audited	false	FSAudited
Federal Grant Audit Required	false	FederalGrantAuditRequired

Schedule D IRS990ScheduleD

Land Land

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	3800	OtherCostOrOtherBasis
Book Value	3800	BookValue

Buildings Buildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	993365	OtherCostOrOtherBasis
Depreciation	358645	Depreciation
Book Value	634720	BookValue

Equipment Equipment

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	676360	OtherCostOrOtherBasis
Depreciation	617724	Depreciation
Book Value	58636	BookValue

Other Land Buildings OtherLandBuildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	527655	OtherCostOrOtherBasis
Depreciation	378419	Depreciation
Book Value	149236	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	846392	TotalOfBookValueLandBuildings

Other Liabilities OtherLiabilities (3 entries)

DescriptionDescription	AmountAmount
ROOM DEPOSITS	$14,100
SALES TAX PAYABLE	$7,814
KEY DEPOSITS	$3,600

Field	Value	IRS element (for citing)
Total Of Amounts	25514	TotalOfAmounts

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (9 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
AMENDED RETURN EXPLANATION	FORM 990, PAGE 1, ITEM B	AS NOTED IN THE SCHEDULE BELOW, REVENUE IN THE AMOUNT OF 364,565 BILLED FOR FYE 07/31/14 WAS INADVERTENTLY REPORTED FOR IN FYE 07/31/13). THIS RESULT IN A DECREASE IN TOTAL REVENUE OF 364,565. ALSO AS NOTED IN THE SCHEDULE BELOW, CERTAIN EXPENSES HAVE BEEN RECLASSIFIED TO MORE APPROPRIATE TAX LINES. FORM 990, PART III, LINE 4A - WORDING WAS REVISED. FORM 990, SCHEDULE O - THE FOLLOWING ITEMS HAVE BEEN REVISED: 1. ORGANIZATION'S MISSION STATEMENT 2. STATEMENT FOR FORM 990, PART III, LINE 4D 3. STATEMENT FOR FORM 990, PART VI, LINE 11B AS ORIGINALLY INCR AS FORM / SCHEDULE AND LINE REPORTED DECR AMENDED -------------------------------------- ----------- --------- ---------- FORM 990, PART I - COLUMN: CURRENT YEAR: LINE 9 - PROGRAM SERVICE REVENUE 1,209,684 (364,565) 845,119 LINE 10 - INVESTMENT INCOME 7,600 - 7,600 ----------- --------- ---------- LINE 12 - TOTAL REVENUE 1,217,284 (364,565) 852,719 ----------- --------- ---------- LINE 15 - SALARIES & BENEFITS 154,535 - 154,535 LINE 17 - OTHER EXPENSES 477,277 - 477,277 ----------- --------- ---------- LINE 18 - TOTAL EXPENSES 631,812 - 631,812 ----------- --------- ---------- LINE 19 - REVENUE LESS EXPENSES 585,472 (364,565) 220,907 =========== ========= ========== LINE 20 - TOTAL ASSETS 2,449,340 - 2,449,340 LINE 21 - TOTAL LIABILITIES 46,192 364,565 410,757 ----------- --------- ---------- LINE 22 - NET ASSETS 2,403,148 (364,565) 2,038,583 =========== ========= ========== FORM 990, PART VIII: LINE 2A - MEMBERSHIP DUES/ASSESS.-COL A&B 1,209,684 (364,565) 845,119 ----------- --------- ---------- LINE 2G - PROGRAM SERVICE REVENUE-COL A&B 1,209,684 (364,565) 845,119 LINE 3 - INVESTMENT INCOME-COL A&C 18,130 - 18,130 LINE 7D - NET GAIN FROM SALE OF ASSETS (10,530) - (10,530) ----------- --------- ---------- LINE 12 - TOTAL REVENUE 1,217,284 (364,565) 852,719 =========== ========= ========== FORM 990, PART IX - COLUMN (A): LINE 7 - OTHER SALARIES AND WAGES 139,908 - 139,908 LINE 10 - PAYROLL TAXES 14,627 - 14,627 LINE 11A - MANAGEMENT 13,542 7,291 20,833 LINE 11C - ACCOUNTING 15,401 (7,291) 8,110 LINE 11G - OTHER FEES FOR SERVICES 1,329 - 1,329 LINE 13 - OFFICE EXPENSE 29,971 (21,983) 7,988 LINE 16 - OCCUPANCY 135,936 5,519 141,455 LINE 19 - CONFERENCES, CONVENTIONS & MTGS 1,210 - 1,210 LINE 22 - DEPRECIATION 65,578 - 65,578 LINE 23 - INSURANCE 6,824 - 6,824 LINE 23A - FOOD 133,050 - 133,050 LINE 23B - SALES TAX EXPENSE 26,175 - 26,175 LINE 23C - KITCHEN SUPPLIES 18,745 - 18,745 LINE 23D - BANK CHARGES 10,434 6,030 16,464 LINE 23E - ALL OTHER EXPENSES 19,082 10,434 29,516 ----------- --------- ---------- LINE 25 - TOTAL FUNCTIONAL EXPENSES 631,812 - 631,812 =========== ========= ========== FORM 990, PART X - COLUMN (B): LINE 17 - ACCOUNTS PAYABLE 2,061 - 2,061 LINE 19 - DEFERRED REVENUE 18,617 364,565 383,182 LINE 25 - OTHER LIABILITIES 25,514 - 25,514 ----------- --------- ---------- LINE 26 - TOTAL LIABILITIES 46,192 364,565 410,757 ----------- --------- ---------- LINE 32 - RETAINED EARNINGS 2,403,148 (364,565) 2,038,583 ----------- --------- ---------- LINE 33 - TOTAL NET ASSETS 2,403,148 (364,565) 2,038,583 ----------- --------- ---------- LINE 34 - TOTAL LIABILITES & FUND BAL 2,449,340 - 2,449,340 =========== ========= ==========
ORGANIZATION'S MISSION	FORM 990 - ORGANIZATION'S MISSION	TO OBTAIN MONEY AND PROPERTY BY GIFT, BEQUEST, LOAN, LEASE, AND OTHERWISE, AND TO USE SUCH MONEY FOR THE PURCHASES AND ACQUIRING OF PROPERTY, IF NECESSARY, AND FOR THE CREATION OF A CHI OMEGA HOUSE AT THE UNIVERSITY OF FLORIDA, GAINESVILLE, FLORIDA, FOR THE PURPOSE OF PROVIDING A MEETING SPACE AND HOUSING TO MEMBERS OF ETA DELTA CHAPTER OF THE CHI OMEGA FRATERNITY. TO BORROW MONEY FOR THE USES AND PURPOSES AS SET OUT ABOVE EVIDENCING SUCH LOANS BY THE ISSUING OF NEGOTIABLE INSTRUMENTS. TO DO ANY AND ALL THINGS DEEMED NECESSARY AS PROVIDED IN THIS CHARTER TO SECURE PROPERTIES, WHETHER REAL OR PERSONAL, FOR THE ADVANCEMENT OF ETA DELTA CHAPTER OF THE CHI OMEGA FRATERNITY IN GAINESVILLE, ALACHUA COUNTY, FLORIDA.
ADDITIONAL INFORMATION	FORM 990	PART IX, LINE 24E - ALL OTHER EXPENSES INCLUDED IN 19,082 TOTAL ALL OTHER EXPENSES IS THE FOLLOWING: 990-T UNRELATED BUSINESS TAXES PAID 5,032
ALL OTHER ACCOMPLISHMENT DESCRIPTION	FORM 990, PAGE 2, PART III, LINE 4D	THE ORGANIZATION HAS MET ITS EXEMPT PURPOSE IN PROVIDING ROOM, BOARD AND MEETING SPACE TO THE MEMBERS OF CHI OMEGA SORORITY. IT HAS PROVIDED ROOMS THAT HAVE BEEN MAINTAINED IN GOOD ORDER AS WELL AS CONSISTENTLY PROVIDING HIGH QUALITY MEALS TO THE MEMBERS OF THE SORORITY.
ELECTION OF MEMBERS AND THEIR RIGHTS	FORM 990, PAGE 6, PART VI, LINE 7A	THE MEMBERS OF THE ORGANIZATION PER THE BYLAWS HAVE THE RIGHT TO ELECT THE ORGANIZATION'S GOVERNING BODY.
ORGANIZATION'S PROCESS USED TO REVIEW FORM 990	FORM 990, PAGE 6, PART VI, LINE 11B	A DETAILED REVIEW OF THE FINAL FORM 990 IS CONDUCTED BY THE BOARD OF DIRECTORS PRIOR TO FILING THE RETURN.
ENFORCEMENT OF CONFLICTS POLICY	FORM 990, PAGE 6, PART VI, LINE 12C	THE ORGANIZATION REQUIRES ALL BOARD MEMBERS AND OFFICERS TO DISCLOSE ANNUALLY INTERESTS THAT COULD GIVE RISE TO CONFLICTS AND REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT ON INTEREST POLICY FOR BOARD MEMBERS. IF A CONFLICT ARISES, THAT PERSON SHALL GENERALLY BE EXCUSED FROM PARTICIPATING IN AN ACTION INVOLVING THAT SUBJECT MATTER.
GOVERNING DOCUMENTS DISCLOSURE EXPLANATION	FORM 990, PAGE 6, PART VI, LINE 19	CHI OMEGA HOUSING CORPORATION DOES NOT MAKE AVAILABLE TO THE PUBLIC ITS GOVERNING DOCUMENTS OR FINANCIAL STATEMENTS.
ADDITIONAL INFORMATION	FORM 990, PART XII	LINE 1 - ACCOUNTING METHOD USED THE ORGANIZATION USES THE MODIFIED ACCRUAL BASIS OF ACCOUNTING METHOD FOR TAX PURPOSES. UNDER THIS METHOD, REVENUES ARE RECOGNIZED IN THE PERIOD THEY BECOME AVAILABLE AND MEASURABLE. IN THE CASE OF THE ORGANIZATION, REVENUE IS DEFERRED ON PREPAID HOUSING FEES.