Civic Intelligence

Kaao Housing Inc

EIN 47-5626423 • 501(c)7 • Tuscaloosa, AL

Profile

Provide housing for kaao fraternity members.

PO Box 3117Tuscaloosa, AL 35403

n/A

Siviq Scores

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

Liabilities / Assets

93rd percentile

0.79x

Higher debt load relative to assets than 93% of similar nonprofits.

501(c)7 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

73rd percentile

0.29x

Higher debt load relative to revenue than 73% of similar nonprofits.

501(c)7 • $500k-$1M nonprofits • Source year 2024

Net Margin

45th percentile

3.1%

Higher net margin than 45% of similar nonprofits.

501(c)7 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

89th percentile

$0

Higher top officer pay than 89% of similar nonprofits.

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

501(c)7 • $500k-$1M nonprofits • Source year 2024

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2024

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2024

Balance Sheet
Liabilities / Assets93rd percentile

Assets

$293,488

No earlier filing loaded for comparison.

Liabilities

$231,095

No earlier filing loaded for comparison.

Net Assets

$62,393

No earlier filing loaded for comparison.

Operations
Liabilities / Revenue73rd percentileNet Margin45th percentile

Revenue

$793,098

No earlier filing loaded for comparison.

Expenses

$768,823

No earlier filing loaded for comparison.

Net Income

$24,275

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

Asset GrowthScore unavailable

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

$300K$200K$100K$0Assets 2024: $293,488Liabilities 2024: $231,095Net Assets 2024: $62,3932024

Highlighted filing

2024

Assets$293,488
Liabilities$231,095
Net Assets$62,393
Open 2024 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$800K$600K$400K$200K$0Revenue 2024: $793,098Expenses 2024: $768,823Net Income 2024: $24,2752024

Highlighted filing

2024

Revenue$793,098
Expenses$768,823
Net Income$24,275
Open 2024 Filing

Filings

Most recent year

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

Open filing
Assets
$293,488
Liabilities
$231,095
Net assets
$62,393
Revenue
$793,098
Expenses
$768,823
Net income
$24,275
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.93$2.31$0.62$7.93$7.69$0.24
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 2, 2025
Return Version
2024v5.1
Gross Receipts
$793,098
Mission and Program Overview

Mission

Provide housing for kaao fraternity members.

Housing for kappa alpha fraternity members at the university of arkansas.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$86,986$175,827▲ $88,841
Accounts Receivable$20,247$117,661▲ $97,414
Rtn Earn Endowment Incm Other Fnds$82,681$62,393▼ $20,288
Land, Buildings, and Equipment, Net$133$0▼ $133
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$107,366$293,488▲ $186,122
Liabilities
Deferred Revenue-$228,000-
Accounts Payable and Accrued Expenses$24,685$3,095▼ $21,590
Total Liabilities$24,685$231,095▲ $206,410
Net Assets / Fund Balance
Total Net Assets Fund Balance$82,681$62,393▼ $20,288
Total Liabilities and Net Assets / Fund Balance$107,366$293,488▲ $186,122

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$0$216,140$216,140
Compensation and Service Providers
Top Officer Pay89th percentile

Board Members and Trustees

NameTitle
Scott MclainPresident
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$793,098
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$24,275
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$709,363
Salaries, Compensation, and Employee Benefits$59,460
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy---$668,263
Other Salaries and Wages---$55,000
Fees for Services Management---$18,150
Fees for Services Accounting---$15,990
Payroll Taxes---$4,460
Other Expenses---$4,411
Fees for Services Legal---$2,316
Depreciation Depletion---$133
Office Expenses---$100
Total Functional Expenses$0$0$0$768,823
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
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, Part VI, Section B, Line 11B

“The organization's executive officers review the form 990 when completed and contact the preparer to address any issues. Should any changes need to be made, the changes are promptly made and the form is resubmitted to the executive officers for further review. After final approval by the executive committee, the signing officer signs the return and it is mailed to or filed electronically with the irs.”

Form 990, Part VI, Section C, Line 19

“The books are available for viewing upon request to the organization's prinicipal officer.”

Filing and Contact Details

Filer

Filer Name
Kaao Housing Inc
EIN
47-5626423
Phone
6597342900
Address
PO BOX 3117, TUSCALOOSA, AL 35403

Signing Officer

Name
Scott Mclain
Title
President
Phone
6597342900
Signed
2025-05-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Scott Mclain
Formed
2016
Legal Domicile
Ar
Voting Board Members
4
Independent Board Members
4
Employees
2
Volunteers
0

Preparer

Firm
The Kalos Group LLC
Address
PO BOX 3117, TUSCALOOSA, AL 35403-3117
Preparer
John T Murdock
Phone
6597342900
Raw XML Appendix254 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.

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IRS990/IRPDocumentCnt06
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
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ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
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