Civic Intelligence

Rho Chapter National Housing Inc

EIN 46-2990525 • 501(c)2 • Chicago, IL

Chicago, IL
Siviq Scores

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

Liabilities / Assets

86th percentile

0.75x

Higher debt load relative to assets than 86% of similar nonprofits.

501(c)2 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

78th percentile

2.03x

Higher debt load relative to revenue than 78% of similar nonprofits.

501(c)2 • $500k-$1M nonprofits • Source year 2024

Net Margin

71st percentile

47%

Higher net margin than 71% of similar nonprofits.

501(c)2 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

67th percentile

$0

Higher top officer pay than 67% of similar nonprofits.

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

501(c)2 • $500k-$1M nonprofits • Source year 2024

Asset Growth

92nd percentile

13%

Faster asset growth than 92% of similar nonprofits.

501(c)2 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

45th percentile

1.7%

Faster revenue growth than 45% of similar nonprofits.

501(c)2 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Up

$663,322

Up $74,581 (+13%) from 2023

Liabilities

Down

$496,704

Down $25,526 (-4.9%) from 2023

Net Assets

Up

$166,618

Up $100,107 (+151%) from 2023

Revenue

Up

$244,812

Up $4,167 (+1.7%) from 2023

Expenses

Down

$129,547

Down $4,977 (-3.7%) from 2023

Net Income

Up

$115,265

Up $9,144 (+8.6%) from 2023

Trend Graphs

Balance Sheet Trend

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

$1.0M$500K$0-$500KAssets 2018: $395,505Liabilities 2018: $760,8422018Assets 2019: $403,274Liabilities 2019: $718,8102019Assets 2020: $451,945Liabilities 2020: $673,043Net Assets 2020: -$221,0982020Assets 2021: $477,712Liabilities 2021: $632,718Net Assets 2021: -$155,0062021Assets 2022: $555,016Liabilities 2022: $594,626Net Assets 2022: -$39,6102022Assets 2023: $588,741Liabilities 2023: $522,230Net Assets 2023: $66,5112023Assets 2024: $663,322Liabilities 2024: $496,704Net Assets 2024: $166,6182024

Highlighted filing

2024

Assets$663,322
Liabilities$496,704
Net Assets$166,618

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2018: $13,388Expenses 2018: $15,501Net Income 2018: -$2,1132018Revenue 2019: $189,975Expenses 2019: $165,161Net Income 2019: $24,8142019Revenue 2020: $216,613Expenses 2020: $191,775Net Income 2020: $24,8382020Revenue 2021: $225,515Expenses 2021: $159,423Net Income 2021: $66,0922021Revenue 2022: $230,646Expenses 2022: $115,250Net Income 2022: $115,3962022Revenue 2023: $240,645Expenses 2023: $134,524Net Income 2023: $106,1212023Revenue 2024: $244,812Expenses 2024: $129,547Net Income 2024: $115,2652024

Highlighted filing

2024

Revenue$244,812
Expenses$129,547
Net Income$115,265

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 1, 2025
Return Version
2024v5.0
Gross Receipts
$244,812
Mission and Program Overview

Mission

The entity is organized for the exclusive purpose of holding title to property, collecting income therefrom, and turning over the entire amount thereof, less expenses, to its sole member, national housing of phi kappa sigma international fraternity inc., a non-profit corporation exempt from federal income tax under internal revenue code section 501 (c)(7)."

The entity is organized for the exclusive purpose of holding title to property, collecting income therefrom, and turning over the entire amount thereof, less expenses, to its sole member, national housing of phi kappa sigma international fraternity inc.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$322,573$337,614▲ $15,041
Savings and Temporary Cash Investments-$210,000-
Cash and Non-Interest-Bearing Accounts$242,849$91,983▼ $150,866
Accounts Receivable$20,000$20,000→ $0
Prepaid Expenses and Deferred Charges$3,319$3,725▲ $406
Total Assets$588,741$663,322▲ $74,581
Liabilities
Other Liabilities$455,200$426,895▼ $28,305
Accounts Payable and Accrued Expenses$67,030$69,809▲ $2,779
Total Liabilities$522,230$496,704▼ $25,526
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$66,511$166,618▲ $100,107
Total Net Assets Fund Balance$66,511$166,618▲ $100,107
Total Liabilities and Net Assets / Fund Balance$588,741$663,322▲ $74,581

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$337,614$861,477$1,199,091
Compensation and Service Providers

Board Members and Trustees

NameTitle
James FulmerPresident
Robert WhelanSecretary
Dennis WalterTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$244,812
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$115,265
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$129,547
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$68,380--$68,380
Interest$40,723--$40,723
Insurance$13,353--$13,353
Information Technology-$3,512-$3,512
Fees for Services Legal-$1,925-$1,925
Fees for Services Management-$1,000-$1,000
Fees for Services Accounting-$585-$585
Other Expenses-$69-$69
Total Functional Expenses$122,456$7,091$0$129,547
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Bank Loan$415,282
Rental Deposits$10,000
Unearned Tenant Improvement Contrib.$1,613
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

No review was or will be conducted.

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
Rho Chapter National Housing Inc
EIN
46-2990525
Phone
8474772075
Address
644 WEST ARLINGTON PLACE UNIT 1B, CHICAGO, IL 60614

Signing Officer

Name
Dennis Walter
Title
Treasurer
Phone
8474772075
Signed
2025-05-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James Fulmer
Legal Domicile
Il
Voting Board Members
2
Independent Board Members
2
Employees
0

Preparer

Firm
Gorden & Co Pc
Address
2625 BUTTERFIELD RD SUITE129W, OAK BROOK, IL 60523-1254
Preparer
Sharon L Harvey
Phone
6305712808
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The entity is organized for the exclusive purpose of holding title to property, collecting income therefrom, and turning over the entire amount thereof, less expenses, to its sole member, national housing of phi kappa sigma international fraternity inc.

Form 990, Part XI, Line 9

Book / tax depreciation difference -15,158

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

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO REVIEW WAS OR WILL BE CONDUCTED.
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
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