2015-03-12T10:09:02-05:00 2014-07-31 351178661 BLUE & CO LLC 12800 N MERIDIAN STREET SUITE 400 CARMEL IN 46032 990 2013-08-01 351992276 ALPHA CHI OMEGA NATIONAL HOUSING CORPORATION ALPH 3175795050 5939 CASTLE CREEK PARKWAY NORTH DR INDIANAPOLIS IN 462504343 TAMI SHIELDS SILVERMAN CHIEF EXECUTIVE OFFICER 3175795050 2015-03-09 1 ANGELA N CRAWFORD P00573197 3178488920 2015-03-09 2013 2016-03-07 17:11:31Z TAMI SHIELDS SILVERMAN 5939 CASTLE CREEK PKWY N INDPLS IN 46250 8492374 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 AND PROPERTY MANAGEMENT TEAMS. 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 9 250 5031 -101354 1096727 2702845 4502605 4804133 37017 391852 35074 27750 5671423 7926580 0 0 0 0 509850 503677 0 0 0 4715351 4685582 5225201 5189259 446222 2737321 25472458 28471161 9696365 9968660 15776093 18502501 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 1 0 0 0 0 1 0 0 1 103 0 1 9 1 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 TAMI SHIELDS SILVERMAN 3175795050 5939 CASTLE CREEK PKWY N DR INDIANAPOLIS IN 462504343 X HEATHER COMSTOCK CLAYBROOK BOARD OF DIRECTORS 5.00 X 0 0 0 MIKELLE HOLT BRADY BOARD OF DIRECTORS, PRES 5.00 X X 0 0 0 ANGELA COSTLEY HARRIS NATIONAL VICE PRESIDENT/DI 5.00 X X 0 0 0 DIANE DAVIS MURPHY BOARD OF DIRECTORS 5.00 X 0 0 0 CASSIE GERHARDT BOARD OF DIRECTORS, SEC 5.00 X X 0 0 0 CHRISTINA GREENWELL MULLINS BOARD OF DIRECTORS 5.00 X 0 0 0 SUSAN JOHNSON WILSON BOARD OF DIRECTORS 5.00 X 0 0 0 TAMI SHIELDS SILVERMAN CHIEF EXECUTIVE OFFICER 7.50 37.50 X 19040 76160 0 19040 76160 0 0 0 0 0 PETER J SARKUS 186 PLEASANT GROVE ROAD ITHACA NY 148502660 RENT & OTHER LANDLORD EXPENSE 204255 ETL CONSTRUCTION SERVICES LLC 1720 EPPS BRIDGE PARKWAY SUITE 108- ATHENS GA 30606 CONSTRUCTION 148210 DEPT OF FRATERNITY & SORORITY LIFE 0221 STAMP STUDENT UNION COLLEGE PARK MD 207424631 RENT 124617 3 958669 1744176 1528299 2702845 RENTAL INCOME 531190 4804133 4804133 4804133 36142 31111 5031 921504 565794 355710 355710 355710 OTHER INCOME 900099 27750 27750 27750 7926580 5218704 5031 0 24092 395063 50998 33524 73000 22985 23805 29218 8555 1350549 51114 57666 414445 1543272 141949 REPAIRS AND MAINTENANCE 325262 PROPERTY TAXES 231333 EARLY LOAN TERMINATION 111798 CLEANING EXPENSE 107088 193543 5189259 4435905 5819046 385808 0 45949 30207 524098 500000 190273 173177 33272378 11691679 19551084 21580699 339341 368032 25472458 28471161 3124670 3387373 277176 285729 5444239 5468904 850280 826654 9696365 9968660 X 12627342 15460669 3148751 3041832 15776093 18502501 25472458 28471161 X 2737321 -10913 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3018714 3018714 25500093 8602688 16897405 581710 302432 279278 4171861 2786559 1385302 21580699 NOTES PAYABLE TO AFFILIATED ENTITIES 826654 826654 X 7915667 0 7915667 10913 10913 7926580 5189259 0 5189259 0 5189259 PART X, LINE 2: EXPLANATION: INCOME TAXES: THE NHC IS A NOT-FOR-PROFIT CORPORATION THAT IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(7) OF THE INTERNAL REVENUE CODE. THE EXEMPTION IS ON ALL INCOME EXCEPT UNRELATED BUSINESS INCOME AS NOTED UNDER SECTION 511 OF THE INTERNAL REVENUE CODE. INTERNAL REVENUE CODE SECTION 513(A) DEFINES 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, 2014 AND 2013, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE ACCOMPANYING CONSOLIDATED 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, 2013. 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 10,913. PART XII, LINE 4B - OTHER ADJUSTMENTS: ACCRUED FUTURE OPERATING EXPENSES ON BUILDING HELD FOR SALE X 1 1528299 FMV 0 0 0 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 CONTROLLER AND EXECUTIVE DIRECTOR AT HEADQUARTER'S. 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 HUMAN RESOURCE DIRECTOR. IF NOTIFIED OF A "CONFLICT OF INTEREST", THE HUMAN RESOURCE DIRECTOR WOULD INVESTIGATE THE CONFLICT. FORM 990, PART VI, SECTION B, LINE 15A INPUT FOR COMPENSATION FOR THE EXECUTIVE DIRECTOR 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 EXECUTIVE DIRECTOR 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 EXECUTIVE DIRECTOR IS COMPENSATED THOUGH THE ALPHA CHI OMEGA FRATERNITY, BUT ALSO SERVES AS THE EXECUTIVE DIRECTOR 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 EXECUTIVE DIRECTOR'S SALARY AND BENEFITS. FORM 990, PART XI, LINE 9: IMPAIRMENT LOSS ON BUILDING HELD FOR SALE -10,913. 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 586888