Civic Intelligence

Arete Housing Corporation

EIN 23-7127762 • 501(c)7 • Boca Raton, FL

Profile

The mission of arete inc is to provide housing for students who are members of the phi delta theta fraternity. To this end the mission of providing housing and recreational facilities was accomplished

5301 N Federal HighwayBoca Raton, FL 33487

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2024

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2024

Net Margin

97th percentile

69%

Higher net margin than 97% of similar nonprofits.

501(c)7 • <$500k nonprofits • Source year 2024

Top Officer Pay

95th percentile

$0

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)7 • <$500k nonprofits • Source year 2024

Asset Growth

25th percentile

-13%

Faster asset growth than 25% of similar nonprofits.

501(c)7 • <$500k nonprofits • Annualized from 2022 to 2024

Revenue Growth

75th percentile

18%

Faster revenue growth than 75% of similar nonprofits.

501(c)7 • <$500k nonprofits • Annualized from 2022 to 2024

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Up

$142,892

Up $97,278 (+213%) from 2023

Liabilities

-

No earlier filing loaded for comparison.

Net Assets

Up

$142,892

Up $97,278 (+213%) from 2023

Operations
Liabilities / RevenueScore unavailableNet Margin97th percentile

Revenue

Down

$141,860

Down $1,701 (-1.2%) from 2023

Expenses

Down

$44,582

Down $103,323 (-70%) from 2023

Net Income

Up

$97,278

Up $101,622 (+2339%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth25th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$300K$200K$100K$0-$100KAssets 2013: $82,031Liabilities 2013: $154,826Net Assets 2013: -$72,7952013Assets 2014: $78,484Liabilities 2014: $139,502Net Assets 2014: -$61,0182014Assets 2015: $75,033Liabilities 2015: $124,189Net Assets 2015: -$49,1562015Assets 2016: $80,458Liabilities 2016: $105,115Net Assets 2016: -$24,6572016Assets 2017: $83,942Liabilities 2017: $97,061Net Assets 2017: -$13,1192017Assets 2018: $134,184Liabilities 2018: $97,923Net Assets 2018: $36,2612018Assets 2019: $155,986Liabilities 2019: $79,570Net Assets 2019: $76,4162019Assets 2020: $147,129Liabilities 2020: $60,747Net Assets 2020: $86,3822020Assets 2021: $207,875Liabilities 2021: $97,076Net Assets 2021: $110,7992021Assets 2022: $187,674Liabilities 2022: $79,688Net Assets 2022: $107,9862022Assets 2023: $45,614Net Assets 2023: $45,6142023Assets 2024: $142,892Net Assets 2024: $142,8922024

Highlighted filing

2024

Assets$142,892
Liabilities-
Net Assets$142,892
Open 2024 Filing

Operations Trend

Revenue Growth75th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$150K$100K$50K$0-$50KRevenue 2013: $72,387Expenses 2013: $58,310Net Income 2013: $14,0772013Revenue 2014: $72,506Expenses 2014: $60,729Net Income 2014: $11,7772014Revenue 2015: $78,401Expenses 2015: $66,539Net Income 2015: $11,8622015Revenue 2016: $73,973Expenses 2016: $49,474Net Income 2016: $24,4992016Revenue 2017: $129,457Expenses 2017: $117,919Net Income 2017: $11,5382017Revenue 2018: $116,906Expenses 2018: $59,472Net Income 2018: $57,4342018Revenue 2019: $112,856Expenses 2019: $72,701Net Income 2019: $40,1552019Revenue 2020: $132,165Expenses 2020: $122,199Net Income 2020: $9,9662020Revenue 2021: $143,493Expenses 2021: $119,076Net Income 2021: $24,4172021Revenue 2022: $102,415Expenses 2022: $105,228Net Income 2022: -$2,8132022Revenue 2023: $143,561Expenses 2023: $147,905Net Income 2023: -$4,3442023Revenue 2024: $141,860Expenses 2024: $44,582Net Income 2024: $97,2782024

Highlighted filing

2024

Revenue$141,860
Expenses$44,582
Net Income$97,278
Open 2024 Filing

Filings

Most recent year

2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$142,892
Liabilities
-
Net assets
$142,892
Revenue
$141,860
Expenses
$44,582
Net income
$97,278
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.43$1.43$1.42$0.45$0.97
2023Detailed filing. Detailed filing data is available for this year.$0.46$0.46$1.44$1.48$0.04
2022Detailed filing. Detailed filing data is available for this year.$1.88$0.80$1.08$1.02$1.05$0.03
2021Detailed filing. Detailed filing data is available for this year.$2.08$0.97$1.11$1.43$1.19$0.24
2020Detailed filing. Detailed filing data is available for this year.$1.47$0.61$0.86$1.32$1.22$0.10
2019Detailed filing. Detailed filing data is available for this year.$1.56$0.80$0.76$1.13$0.73$0.40
2018Detailed filing. Detailed filing data is available for this year.$1.34$0.98$0.36$1.17$0.59$0.57
2017Detailed filing. Detailed filing data is available for this year.$0.84$0.97$0.13$1.29$1.18$0.12
2016Detailed filing. Detailed filing data is available for this year.$0.80$1.05$0.25$0.74$0.49$0.24
2015Detailed filing. Detailed filing data is available for this year.$0.75$1.24$0.49$0.78$0.67$0.12
2014Detailed filing. Detailed filing data is available for this year.$0.78$1.40$0.61$0.73$0.61$0.12
2013Detailed filing. Detailed filing data is available for this year.$0.82$1.55$0.73$0.72$0.58$0.14
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jun 2, 2025
Return Version
2024v5.1
Gross Receipts
$141,860
Mission and Program Overview

Mission

The mission of arete inc is to provide housing for students who are members of phi delta theta fraternity. To this end the mission of providing housing and recreational facilities was accomplished.

The mission of arete inc is to provide housing for students who are members of the phi delta theta fraternity. To this end the mission of providing

Program Services

DescriptionGrantsExpenses
REPAIRS - TO MAINTAIN THE PROPERTY-$10,000
Compensation and Service Providers
Top Officer Pay95th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
MICHAEL FIMIANIPresident-$0--
Filing and Contact Details

Filer

Filer Name
Arete Housing Corporation
EIN
23-7127762
Phone
5613911411
Address
5301 N FEDERAL HIGHWAY, BOCA RATON, FL 33487

Signing Officer

Name
Mike Fimiani
Title
President
Phone
5613911411
Signed
2025-06-02

Preparer

Firm
Bonitatibus & Company Pa
Address
1300 NORTH FEDERAL HIGHWAY SUITE 20, BOCA RATON, FL 33432
Preparer
Tony Bonitatibus CPA
Phone
5613911411
Raw XML Appendix97 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990EZ/BooksInCareOfDetail/PersonNm0MICHAEL FIMIANI
IRS990EZ/BooksInCareOfDetail/PhoneNum05613911411
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt05301 N FEDERAL HWY 350
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0BOCA RATON
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0FL
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd033432
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt045614
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt0142892
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt0141860
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/ExcessOrDeficitForYearAmt097278
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt045614
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0142892
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GainOrLossFromSaleOfAssetsAmt00
IRS990EZ/GrossProfitLossSlsOfInvntryAmt00
IRS990EZ/GrossReceiptsAmt0141860
IRS990EZ/GrossReceiptsForPublicUseAmt00
IRS990EZ/InitiationFeesAndCapContriAmt00
IRS990EZ/InvestmentIncomeAmt00
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MembershipDuesAmt00
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt045614
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0142892
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt045614
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0142892
IRS990EZ/OccupancyRentUtltsAndMaintAmt044582
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt02.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0MICHAEL FIMIANI
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/PrimaryExemptPurposeTxt0THE MISSION OF ARETE INC IS TO PROVIDE HOUSING FOR STUDENTS WHO ARE MEMBERS OF THE PHI DELTA THETA FRATERNITY. TO THIS END THE MISSION OF PROVIDING
IRS990EZ/ProgramServiceRevenueAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0REPAIRS - TO MAINTAIN THE PROPERTY
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt010000
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SpecialEventsNetIncomeLossAmt00
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt044582
IRS990EZ/TotalProgramServiceExpensesAmt010000
IRS990EZ/TotalRevenueAmt0141860
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/PersonNm0MIKE FIMIANI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05613911411
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-06-02
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ARETE HOUSING CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0ARET
ReturnHeader/Filer/EIN0237127762
ReturnHeader/Filer/PhoneNum05613911411
ReturnHeader/Filer/USAddress/AddressLine1Txt05301 N FEDERAL HIGHWAY
ReturnHeader/Filer/USAddress/CityNm0BOCA RATON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd033487
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0650669598
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BONITATIBUS & COMPANY PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01300 NORTH FEDERAL HIGHWAY SUITE 20
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BOCA RATON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd033432
ReturnHeader/PreparerPersonGrp/PhoneNum05613911411
ReturnHeader/PreparerPersonGrp/PreparationDt02025-06-02
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0TONY BONITATIBUS CPA
ReturnHeader/ReturnTs02025-06-02T13:30:29-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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