Civic Intelligence

Housing Corporation of Beta Beta Of

990 • Fiscal year 2014 • EIN 38-0346983

Jul 01, 2013 to Jun 30, 2014 • Filed on Feb 11, 2015

616 MacEast Lansing, MI 48823

(517) 332-6115

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

20th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2014 filings • 501(c)7 • $500k-$1M nonprofits • Source year 2014

Liabilities / Revenue

20th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2014 filings • 501(c)7 • $500k-$1M nonprofits • Source year 2014

Net Margin

82nd percentile

21%

Higher net margin than 82% of similar nonprofits.

2014 filings • 501(c)7 • $500k-$1M nonprofits • Source year 2014

Top Officer Pay

83rd percentile

$0

Higher top officer pay than 83% of similar nonprofits.

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

2014 filings • 501(c)7 • $500k-$1M nonprofits • Source year 2014

Asset Growth

83rd percentile

14%

Faster asset growth than 83% of similar nonprofits.

2014 filings • 501(c)7 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Revenue Growth

59th percentile

4.7%

Faster revenue growth than 59% of similar nonprofits.

2014 filings • 501(c)7 • $500k-$1M nonprofits • Annualized from 2013 to 2014

Assets

Up

$901,656

Up $108,545 (+14%) from 2013

Net Assets

Up

$901,656

Up $108,545 (+14%) from 2013

Liabilities

Flat

$0

Flat from 2013

Revenue

Up

$506,060

Up $22,500 (+4.7%) from 2013

Expenses

Down

$397,515

Down $12,678 (-3.1%) from 2013

Net Income

Up

$108,545

Up $35,178 (+48%) from 2013

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$2.0M$1.5M$1.0M$500K$0Assets 2012: $719,744Liabilities 2012: $0Net Assets 2012: $719,7442012Assets 2013: $793,111Liabilities 2013: $0Net Assets 2013: $793,1112013Assets 2014: $901,656Liabilities 2014: $0Net Assets 2014: $901,6562014Assets 2015: $1,008,588Liabilities 2015: $0Net Assets 2015: $1,008,5882015Assets 2016: $1,127,743Liabilities 2016: $0Net Assets 2016: $1,127,7432016Assets 2017: $1,241,770Liabilities 2017: $1,758Net Assets 2017: $1,240,0122017Assets 2018: $1,310,172Liabilities 2018: $1,529Net Assets 2018: $1,308,6432018Assets 2019: $1,346,036Liabilities 2019: $0Net Assets 2019: $1,346,0362019Assets 2020: $1,394,743Liabilities 2020: $0Net Assets 2020: $1,394,7432020Assets 2021: $1,443,559Liabilities 2021: $0Net Assets 2021: $1,443,5592021Assets 2022: $1,550,037Liabilities 2022: $13,761Net Assets 2022: $1,536,2762022Assets 2023: $1,684,127Liabilities 2023: $0Net Assets 2023: $1,684,1272023Assets 2024: $1,791,358Liabilities 2024: $0Net Assets 2024: $1,791,3582024Assets 2025: $1,956,567Liabilities 2025: $46,167Net Assets 2025: $1,910,4002025

Highlighted filing

2014

Assets$901,656
Liabilities$0
Net Assets$901,656

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$800K$600K$400K$200K$0Expenses 2012: $351,8802012Revenue 2013: $483,560Expenses 2013: $410,193Net Income 2013: $73,3672013Revenue 2014: $506,060Expenses 2014: $397,515Net Income 2014: $108,5452014Revenue 2015: $526,372Expenses 2015: $419,440Net Income 2015: $106,9322015Revenue 2016: $518,903Expenses 2016: $399,748Net Income 2016: $119,1552016Revenue 2017: $547,990Expenses 2017: $435,720Net Income 2017: $112,2702017Revenue 2018: $546,863Expenses 2018: $478,232Net Income 2018: $68,6312018Revenue 2019: $540,176Expenses 2019: $502,783Net Income 2019: $37,3932019Revenue 2020: $486,991Expenses 2020: $437,030Net Income 2020: $49,9612020Revenue 2021: $471,810Expenses 2021: $421,741Net Income 2021: $50,0692021Revenue 2022: $576,610Expenses 2022: $482,598Net Income 2022: $94,0122022Revenue 2023: $632,732Expenses 2023: $533,994Net Income 2023: $98,7382023Revenue 2024: $631,599Expenses 2024: $524,368Net Income 2024: $107,2312024Revenue 2025: $651,286Expenses 2025: $532,244Net Income 2025: $119,0422025

Highlighted filing

2014

Revenue$506,060
Expenses$397,515
Net Income$108,545
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Feb 11, 2015
Return Version
2013v4.0
Gross Receipts
$506,060
Mission and Program Overview

Mission

To provide safe and affordable housing for the collegiate members of the beta beta chapter of alpha phi international fraternity

Provide safe and affordable housing to the members of the beta beta chapter of alpha phi

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$244,234$347,355▲ $103,121
Land, Buildings, and Equipment, Net$317,323$296,432▼ $20,891
Savings and Temporary Cash Investments$231,554$231,969▲ $415
Total Assets$793,111$901,656▲ $108,545
Other Assets Total$0$25,900▲ $25,900
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$793,111$901,656▲ $108,545
Total Net Assets Fund Balance$793,111$901,656▲ $108,545
Total Liabilities and Net Assets / Fund Balance$793,111$901,656▲ $108,545

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$271,698$482,396$754,094
Equipment$21,034$343,216$364,250
Land$3,700-$3,700
Compensation and Service Providers

Board Members and Trustees

NameTitle
Katlyn ClouseChapter President
Ralph DifazioPresident (emeritus)
Kelly Benedetti WalshPresident Elect
Brooke ChampagneFacilities Director
Angela NormandChapter Advisor
Katherine PanagosChapter Operations VP
Elizabeth StephensonChptr Op Advisor
Barbara ClarkMember-at-large
Jane PhillipsMember-at-large
Linda DowSecretary
Martha KliebertTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$505,256
Investment Income
$804
Other Revenue
$0
Change in Net Assets
$108,545
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$287,266
Salaries, Compensation, and Employee Benefits$110,249
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy---$134,710
Other Salaries and Wages---$95,825
Depreciation Depletion---$30,415
Insurance---$13,104
Payroll Taxes---$12,024
Fees for Services Other---$3,603
Conferences and Meetings---$2,725
Other Employee Benefits---$2,400
Travel---$1,200
Fees for Services Accounting---$1,070
Other Expenses---$266
Total Functional Expenses$0$0$0$397,515
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

Per the articles of incoporation, every member must have been recruited to the beta beta chapter of alpha phi international fraternity michigan state college, or into another chapter of alpha phi international.

Form 990, Part VI, Section A, Line 7A

All chapter members vote for their respective representatives that sit on the governing board.

Form 990, Part VI, Section A, Line 8B

There are no committees of the house corporation.

Form 990, Part VI, Section B, Line 11

Form 990 is given to the president of the housing corporation who disseminates the tax return to the governing board of directors via email. All communication and approval regarding the return is also communicated by email.

Form 990, Part VI, Section C, Line 18

Public inspection requirements do not apply to organization. Application for tax exempt status filed by governing organization, alpha phi international fraternity, prior to july 15, 1987. Local organization did not have a copy of form 1023 prior to july 15, 1987. The original group ruling is dated february 1, 1949. Collegiate and alumnae chapters are covered by a group exemption but file a "separate return."

Form 990, Part VI, Section C, Line 19

Public inspection requirements do not apply to organization. Application for tax exempt status filed by governing organization, alpha phi international fraternity, prior to july 15, 1987. Local organization did not have a copy of form 1023 prior to july 15, 1987. The original group ruling is dated february 1, 1949. Collegiate and alumnae chapters are covered by a group exemption but file a "separate return."

Filing and Contact Details

Filer

EIN
38-0346983
Phone
5173326115

Signing Officer

Name
Kelly Benedetti Walsh
Title
President
Phone
5173326115
Signed
2015-02-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kelly Benedetti Walsh
Formed
1922
Legal Domicile
Mi
Voting Board Members
7
Independent Board Members
7
Employees
12
Volunteers
0

Preparer

Preparer
Tracey a Mullaney CPA
Phone
5173515508
Raw XML Appendix337 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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IRS990/Form990PartVIISectionAGrp/TitleTxt0MEMBER-AT-LARGE
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IRS990/Form990PartVIISectionAGrp/TitleTxt2CHAPTER OPERATIONS VP
IRS990/Form990PartVIISectionAGrp/TitleTxt3MEMBER-AT-LARGE
IRS990/Form990PartVIISectionAGrp/TitleTxt4CHAPTER ADVISOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt7PRESIDENT (EMERITUS)
IRS990/Form990PartVIISectionAGrp/TitleTxt8SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt9TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt10PRESIDENT ELECT
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PER THE ARTICLES OF INCOPORATION, EVERY MEMBER MUST HAVE BEEN RECRUITED TO THE BETA BETA CHAPTER OF ALPHA PHI INTERNATIONAL FRATERNITY MICHIGAN STATE COLLEGE, OR INTO ANOTHER CHAPTER OF ALPHA PHI INTERNATIONAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL CHAPTER MEMBERS VOTE FOR THEIR RESPECTIVE REPRESENTATIVES THAT SIT ON THE GOVERNING BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THERE ARE NO COMMITTEES OF THE HOUSE CORPORATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FORM 990 IS GIVEN TO THE PRESIDENT OF THE HOUSING CORPORATION WHO DISSEMINATES THE TAX RETURN TO THE GOVERNING BOARD OF DIRECTORS VIA EMAIL. ALL COMMUNICATION AND APPROVAL REGARDING THE RETURN IS ALSO COMMUNICATED BY EMAIL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PUBLIC INSPECTION REQUIREMENTS DO NOT APPLY TO ORGANIZATION. APPLICATION FOR TAX EXEMPT STATUS FILED BY GOVERNING ORGANIZATION, ALPHA PHI INTERNATIONAL FRATERNITY, PRIOR TO JULY 15, 1987. LOCAL ORGANIZATION DID NOT HAVE A COPY OF FORM 1023 PRIOR TO JULY 15, 1987. THE ORIGINAL GROUP RULING IS DATED FEBRUARY 1, 1949. COLLEGIATE AND ALUMNAE CHAPTERS ARE COVERED BY A GROUP EXEMPTION BUT FILE A "SEPARATE RETURN."
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5PUBLIC INSPECTION REQUIREMENTS DO NOT APPLY TO ORGANIZATION. APPLICATION FOR TAX EXEMPT STATUS FILED BY GOVERNING ORGANIZATION, ALPHA PHI INTERNATIONAL FRATERNITY, PRIOR TO JULY 15, 1987. LOCAL ORGANIZATION DID NOT HAVE A COPY OF FORM 1023 PRIOR TO JULY 15, 1987. THE ORIGINAL GROUP RULING IS DATED FEBRUARY 1, 1949. COLLEGIATE AND ALUMNAE CHAPTERS ARE COVERED BY A GROUP EXEMPTION BUT FILE A "SEPARATE RETURN."
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0793111
IRS990/TotalAssetsEOYAmt0901656
IRS990/TotalAssetsGrp/BOYAmt0793111
IRS990/TotalAssetsGrp/EOYAmt0901656
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt012
IRS990/TotalFunctionalExpensesGrp/TotalAmt0397515
IRS990/TotalGrossUBIAmt0804
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0793111
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0901656
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt0505256
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0505256
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0506060
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt0804
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0793111
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0901656
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt01200
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0793111
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0901656
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine10606 MAC AVENUE
IRS990/USAddress/City0EAST LANSING
IRS990/USAddress/State0MI
IRS990/USAddress/ZIPCode048823
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02016-03-07 17:11:31Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0KELLY BENEDETTI WALSH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05173326115
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-02-11
ReturnHeader/Filer/BusinessName/BusinessNameLine10HOUSING CORPORATION OF BETA BETA OF
ReturnHeader/Filer/BusinessName/BusinessNameLine20ALPHA PHI INC
ReturnHeader/Filer/BusinessNameControlTxt0HOUS
ReturnHeader/Filer/EIN0380346983
ReturnHeader/Filer/PhoneNum05173326115
ReturnHeader/Filer/USAddress/AddressLine10616 MAC
ReturnHeader/Filer/USAddress/City0EAST LANSING
ReturnHeader/Filer/USAddress/State0MI
ReturnHeader/Filer/USAddress/ZIPCode048823
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0383204593
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10WARMELS & COMSTOCK PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine103505 COOLIDGE ROAD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0EAST LANSING
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0MI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode048823
ReturnHeader/PreparerPersonGrp/PhoneNum05173515508
ReturnHeader/PreparerPersonGrp/PreparationDt02015-02-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0TRACEY A MULLANEY CPA
ReturnHeader/ReturnTs02015-02-13T14:04:51-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-07-01
ReturnHeader/TaxPeriodEndDt02014-06-30
ReturnHeader/TaxYr02013

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.96$0.05$1.91$0.65$0.53$0.12
2024Detailed filing. Detailed filing data is available for this year.$1.79$0.00$1.79$0.63$0.52$0.11
2023Detailed filing. Detailed filing data is available for this year.$1.68$0.00$1.68$0.63$0.53$0.10
2022Detailed filing. Detailed filing data is available for this year.$1.55$0.01$1.54$0.58$0.48$0.09
2021Detailed filing. Detailed filing data is available for this year.$1.44$0.00$1.44$0.47$0.42$0.05
2020Detailed filing. Detailed filing data is available for this year.$1.39$0.00$1.39$0.49$0.44$0.05
2019Detailed filing. Detailed filing data is available for this year.$1.35$0.00$1.35$0.54$0.50$0.04
2018Detailed filing. Detailed filing data is available for this year.$1.31$0.00$1.31$0.55$0.48$0.07
2017Detailed filing. Detailed filing data is available for this year.$1.24$0.00$1.24$0.55$0.44$0.11
2016Detailed filing. Detailed filing data is available for this year.$1.13$0.00$1.13$0.52$0.40$0.12
2015Detailed filing. Detailed filing data is available for this year.$1.01$0.00$1.01$0.53$0.42$0.11
2014Detailed filing. Detailed filing data is available for this year.$0.90$0.00$0.90$0.51$0.40$0.11
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.79$0.00$0.79$0.48$0.41$0.07
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.72$0.00$0.72$0.35