Civic Intelligence

Kappa Chi Housing Corporation

990 • Fiscal year 2023 • EIN 41-1844998

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 15, 2024

Organization Profile
3649 N Racine Ave Unit 2Chicago, IL 60613

(312) 613-7341

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

$913,222

No earlier filing loaded for comparison.

Net Assets

$913,222

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue And Expenses

Revenue

$36,045

No earlier filing loaded for comparison.

Expenses

$0

No earlier filing loaded for comparison.

Net Income

$36,045

No earlier filing loaded for comparison.

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 2023: $913,222Liabilities 2023: $0Net Assets 2023: $913,2222023Assets 2023: $1,949,622Liabilities 2023: $0Net Assets 2023: $1,949,6222023Assets 2024: $1,961,037Liabilities 2024: $0Net Assets 2024: $1,961,0372024

Highlighted filing

2023

Assets$913,222
Liabilities$0
Net Assets$913,222
Open 2023 Filing

Operations Trend

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

$200K$150K$100K$50K$0Revenue 2023: $36,045Expenses 2023: $0Net Income 2023: $36,0452023Revenue 2023: $140,804Expenses 2023: $104,759Net Income 2023: $36,0452023Revenue 2024: $186,378Expenses 2024: $174,963Net Income 2024: $11,4152024

Highlighted filing

2023

Revenue$36,045
Expenses$0
Net Income$36,045
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 15, 2024
Return Version
2023v5.0
Gross Receipts
$140,804
Mission and Program Overview

Mission

To manage a fraternity house that our members can live in and operate the Kappa Chi Fraternity out of.

We operate a Fraternity House for the Kappa Chi Fraternity.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$290,300$813,600▲ $523,300
Pd in Cap Srpls Land Bldg Eqp Fund$290,300$813,600▲ $523,300
Cash and Non-Interest-Bearing Accounts$14,377$99,622▲ $85,245
Cap Stk Tr Prin Current Funds$14,377$99,622▲ $85,245
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Prepaid Expenses and Deferred Charges$0--
Total Assets$304,677$913,222▲ $608,545
Other Assets Total$0$0→ $0
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$304,677$913,222▲ $608,545
Total Liabilities and Net Assets / Fund Balance$304,677$913,222▲ $608,545

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$593,300$0$0
Other Land Buildings$0$0$0
Land$220,300-$0
Equipment$0$0$0
Leasehold Improvements$0$0$0
Compensation and Service Providers

Board Members and Trustees

NameTitle
Jeremiah JacksonPresident
Paul WawrzaszekVice President
Corbin StarrSecretary
Brody SwansonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,560
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$34,485
All Other Contributions
$1,560
Change in Net Assets
$36,045
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$0
Other Expenses$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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
Yes
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

“All Kappa Chi Fraternity Brothers are members of the Kappa Chi Housing Corporation”

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

“The members can vote on the committee that appoints the Board of Directors.”

Form 990, Part VI, Section B, Line 11B

“All board members are given a copy of the completed 990 and given a chance to review it.”

Form 990, Part VI, Section B, Line 12C

“Officers and Directors must disclose conflicts of interest to the entire fraternity membership as soon as they come about.”

Form 990, Part VI, Section C, Line 19

“Governing documents and financials were made available upon request to the President.”

Filing and Contact Details

Filer

Filer Name
Kappa Chi Housing Corporation
EIN
41-1844998
Phone
3126137341
Address
3649 N Racine Ave Unit 2, Chicago, IL 60613

Signing Officer

Name
Paul Wawrzaszek
Title
Vice President
Phone
3126137341
Signed
2024-11-15

Organization Details

Principal Officer
Jeremiah Jackson
Formed
1996
Legal Domicile
Mn
Voting Board Members
4
Independent Board Members
0
Employees
0
Volunteers
20
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4A

“In 2023 we sold our previous fraternity house (that we owned for 27 years) and received an above market value. We then took 97% of the money from the sale and bought a new fraternity house at an above market value. The remaining amount we are investing back into the property. We are using Winona County's assessment values as our valuation (other basis) for buildings and land so that we have an on going way to value it. The new property has increased our assets and income to a level where we are required to complete a 990 for the first time (instead of a 990N).”

Form 990, Part XI, Line 9

“There is a $572,500 change in net assets do to the increased value of our land and buildings after the sale of our old property at a premium and purchase of the new property.”

Raw XML Appendix373 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
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsReceivableGrp/BOYAmt00
IRS990/AccountsReceivableGrp/EOYAmt00
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0We operate a Fraternity House for the Kappa Chi Fraternity.
IRS990/AdvertisingGrp/TotalAmt00
IRS990/AllOtherContributionsAmt01560
IRS990/AllOtherExpensesGrp/TotalAmt00
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/BackupWthldComplianceInd01
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0Jeremiah Jackson
IRS990/BooksInCareOfDetail/PhoneNum05073139176
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01050 Wabasha Street
IRS990/BooksInCareOfDetail/USAddress/CityNm0Winona
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MN
IRS990/BooksInCareOfDetail/USAddress/ZIPCd055987
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt014377
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt099622
IRS990/CashNonInterestBearingGrp/BOYAmt014377
IRS990/CashNonInterestBearingGrp/EOYAmt099622
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt00
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConferencesMeetingsGrp/TotalAmt00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/ContractTerminationInd0X
IRS990/ContriRptFundraisingEventAmt00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt01560
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt00
IRS990/CYOtherRevenueAmt034485
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt036045
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt00
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt036045
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/TotalAmt00
IRS990/Desc0Provided rooms for rent for our members to live in while going to college and pursuing their degrees. Our members volunteer to manage a fraternity house that provides the facilities needed to run a college fraternity that has weekly meeting, social events, community service projects, philanthropic events, study groups, leadership training, alumni reunions, Parents Weekend, etc. All net Income (after expenses and improvements) goes into a reserve account for future maintenance and renovation of the property. The Kappa Chi Housing Corporation's sole purpose is to manage and consistently improve the Fraternity House. This year, we sold our fraternity house and bought a new larger fraternity house as described in Schedule O
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonatedServicesAndUseFcltsAmt00
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt00
IRS990/ExpenseAmt0104759
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FederatedCampaignsAmt00
IRS990/FeesForServicesAccountingGrp/TotalAmt00
IRS990/FeesForServicesLegalGrp/TotalAmt00
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt00
IRS990/FeesForServicesOtherGrp/TotalAmt00
IRS990/FeesForServicesProfFundraising/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt010
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt25
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt35
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/PersonNm0Jeremiah Jackson
IRS990/Form990PartVIISectionAGrp/PersonNm1Paul Wawrzaszek
IRS990/Form990PartVIISectionAGrp/PersonNm2Brody Swanson
IRS990/Form990PartVIISectionAGrp/PersonNm3Corbin Starr
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/TitleTxt0President
IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt2Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt3Secretary
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01996
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/FundraisingAmt00
IRS990/GainOrLossGrp/OtherAmt00
IRS990/GainOrLossGrp/SecuritiesAmt00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt04
IRS990/GovernmentGrantsAmt00
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0140804
IRS990/GrossReceiptsForPublicUseAmt00
IRS990/GrossRentsGrp/PersonalAmt00
IRS990/GrossRentsGrp/RealAmt0139244
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt00
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InitiationFeesAndCapContriAmt00
IRS990/InsuranceGrp/TotalAmt00
IRS990/IntangibleAssetsGrp/BOYAmt00
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/BOYAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentExpenseAmt00
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt00
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt00
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0290300
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0813600
IRS990/LandBldgEquipCostOrOtherBssAmt0813600
IRS990/LegalDomicileStateCd0MN
IRS990/LessRentalExpensesGrp/PersonalAmt00
IRS990/LessRentalExpensesGrp/RealAmt0104759
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembershipDuesAmt00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0To manage a fraternity house that our members can live in and operate the Kappa Chi Fraternity out of.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0304677
IRS990/NetAssetsOrFundBalancesEOYAmt0913222
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt00
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt034485
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt034485
IRS990/NetRentalIncomeOrLossGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NoncashContributionsAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt0572500
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd01
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt0290300
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt0813600
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrincipalOfficerNm0Jeremiah Jackson
IRS990/PriorPeriodAdjustmentsAmt00
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYRevenuesLessExpensesAmt00
IRS990/PYTotalExpensesAmt00
IRS990/PYTotalRevenueAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt036045
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt034485
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0139244
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0593300
IRS990ScheduleD/BuildingsGrp/DepreciationAmt00
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt0593300
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt00
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/BookValueAmt0220300
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0220300
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0813600
IRS990/ScheduleJRequiredInd00
IRS990ScheduleN/DirectorOfSuccessor2Ind00
IRS990ScheduleN/DispositionOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0We sold our fraternity house at 251 Washington Street, Winona MN 55987 (that we owned for 27 years) for an above market value of $1,900,000 on 4/21/23. We then bought a new fraternity house at 211 Huff Street for $1,850,000 on 5/11/23 for an above market value. The County's accessed value of 251 Washington is $290,300 and the county's accessed value for 211 Huff is $813,600. We received a large premium for 251 Washington because a developer wants to build on that property. We paid a premium for 211 Huff because the property fits our needs for a fraternity house better than any other property in Winona. We are investing the remaining $50,000 back into the property at 211 Huff St. on improvements.
IRS990ScheduleN/DispositionOfAssetsDetail/BusinessName/BusinessNameLine1Txt0Main Square Development LLC
IRS990ScheduleN/DispositionOfAssetsDetail/DistributionDt02023-04-21
IRS990ScheduleN/DispositionOfAssetsDetail/EIN0831959811
IRS990ScheduleN/DispositionOfAssetsDetail/FairMarketValueOfAssetAmt01900000
IRS990ScheduleN/DispositionOfAssetsDetail/IRCSectionTxt0LLC
IRS990ScheduleN/DispositionOfAssetsDetail/MethodOfFMVDeterminationTxt0Price it was sold for.
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/AddressLine1Txt0PO Box 312
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/CityNm0Winona
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/StateAbbreviationCd0MN
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/ZIPCd055987
IRS990ScheduleN/EmployeeOfSuccessor2Ind00
IRS990ScheduleN/OwnerOfSuccessor2Ind00
IRS990ScheduleN/ReceiveCompensation2Ind00
IRS990ScheduleN/SupplementalInformationDetail/ExplanationTxt0We sold our fraternity house at 251 Washington Street, Winona MN 55987 (that we owned for 27 years) for an above market value of $1,900,000 on 4/21/23. We then bought a new fraternity house at 211 Huff Street for $1,850,000 on 5/11/23 for an above market value. The County's accessed value of 251 Washington is $290,300 and the county's accessed value for 211 Huff is $813,600. We received a large premium for 251 Washington because a developer wants to build on that property. We paid a premium for 211 Huff because the property fits our needs for a fraternity house better than any other property in Winona. We are investing the remaining $50,000 back into the property at 211 Huff St. on improvements.
IRS990ScheduleN/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule N, Part II, Line 1
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0In 2023 we sold our previous fraternity house (that we owned for 27 years) and received an above market value. We then took 97% of the money from the sale and bought a new fraternity house at an above market value. The remaining amount we are investing back into the property. We are using Winona County's assessment values as our valuation (other basis) for buildings and land so that we have an on going way to value it. The new property has increased our assets and income to a level where we are required to complete a 990 for the first time (instead of a 990N).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1All Kappa Chi Fraternity Brothers are members of the Kappa Chi Housing Corporation
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The members can vote on the committee that appoints the Board of Directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3All board members are given a copy of the completed 990 and given a chance to review it.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Officers and Directors must disclose conflicts of interest to the entire fraternity membership as soon as they come about.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Governing documents and financials were made available upon request to the President.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6There is a $572,500 change in net assets do to the increased value of our land and buildings after the sale of our old property at a premium and purchase of the new property.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part III, Line 4a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section A, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part XI, Line 9
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0304677
IRS990/TotalAssetsEOYAmt0913222
IRS990/TotalAssetsGrp/BOYAmt0304677
IRS990/TotalAssetsGrp/EOYAmt0913222
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01560
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt00
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0304677
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0913222
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt00
IRS990/TotalOtherProgSrvcGrantAmt00
IRS990/TotalOtherProgSrvcRevenueAmt00
IRS990/TotalProgramServiceExpensesAmt0104759
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt034485
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt036045
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt020
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0304677
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0913222
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01050 Wabasha Street
IRS990/USAddress/CityNm0Winona
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd055987
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt00
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Paul Wawrzaszek
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Vice President
ReturnHeader/BusinessOfficerGrp/PhoneNum03126137341
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Kappa Chi Housing Corporation
ReturnHeader/Filer/BusinessNameControlTxt0KAPP
ReturnHeader/Filer/EIN0411844998
ReturnHeader/Filer/PhoneNum03126137341
ReturnHeader/Filer/USAddress/AddressLine1Txt03649 N Racine Ave Unit 2
ReturnHeader/Filer/USAddress/CityNm0Chicago
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd060613
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/ReturnTs02024-11-15T16:35:38-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$913,222
Liabilities
$0
Net assets
$913,222
Revenue
$36,045
Expenses
$0
Net income
$36,045
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.96$0.00$1.96$0.19$0.17$0.01
2023Detailed filing. Detailed filing data is available for this year.$1.95$0.00$1.95$0.14$0.10$0.04
2023Detailed filing. Detailed filing data is available for this year.$0.91$0.00$0.91$0.04$0.00$0.04