Civic Intelligence

House Corporation of Mississippi Theta of Sigma Alpha Epsilon

990 • Fiscal year 2023 • EIN 51-0142737

Jul 01, 2022 to Jun 30, 2023 • Filed on Nov 14, 2023

1856 Sheridan RoadEvanston, IL 60201

(224) 307-0659

Siviq Scores

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

Liabilities / Assets

65th percentile

0.56x

Higher debt load relative to assets than 65% of similar nonprofits.

2023 filings • 501(c)2 • $5M-$10M nonprofits • Source year 2023

Liabilities / Revenue

62nd percentile

4.93x

Higher debt load relative to revenue than 62% of similar nonprofits.

2023 filings • 501(c)2 • $5M-$10M nonprofits • Source year 2023

Net Margin

55th percentile

21%

Higher net margin than 55% of similar nonprofits.

2023 filings • 501(c)2 • $5M-$10M nonprofits • Source year 2023

Top Officer Pay

42nd percentile

$0

Higher top officer pay than 42% of similar nonprofits.

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

2023 filings • 501(c)2 • $5M-$10M nonprofits • Source year 2023

Asset Growth

64th percentile

1.4%

Faster asset growth than 64% of similar nonprofits.

2023 filings • 501(c)2 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Revenue Growth

63rd percentile

7.6%

Faster revenue growth than 63% of similar nonprofits.

2023 filings • 501(c)2 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Assets

Up

$5,633,448

Up $78,806 (+1.4%) from 2022

Net Assets

Up

$2,505,529

Up $136,407 (+5.8%) from 2022

Liabilities

Down

$3,127,919

Down $57,601 (-1.8%) from 2022

Revenue

Up

$634,969

Up $45,074 (+7.6%) from 2022

Expenses

Up

$498,562

Up $152,939 (+44%) from 2022

Net Income

Down

$136,407

Down $107,865 (-44%) from 2022

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2012: $696,086Liabilities 2012: $248,511Net Assets 2012: $447,5752012Assets 2013: $646,684Liabilities 2013: $192,870Net Assets 2013: $453,8142013Assets 2014: $612,253Liabilities 2014: $112,080Net Assets 2014: $500,1732014Assets 2015: $548,305Liabilities 2015: $0Net Assets 2015: $548,3052015Assets 2016: $560,185Liabilities 2016: $0Net Assets 2016: $560,1852016Assets 2017: $641,347Liabilities 2017: $0Net Assets 2017: $641,3472017Assets 2019: $655,329Liabilities 2019: $0Net Assets 2019: $655,3292019Assets 2020: $717,833Liabilities 2020: $0Net Assets 2020: $717,8332020Assets 2021: $2,993,131Liabilities 2021: $868,281Net Assets 2021: $2,124,8502021Assets 2022: $5,554,642Liabilities 2022: $3,185,520Net Assets 2022: $2,369,1222022Assets 2023: $5,633,448Liabilities 2023: $3,127,919Net Assets 2023: $2,505,5292023Assets 2024: $5,663,707Liabilities 2024: $3,028,884Net Assets 2024: $2,634,8232024Assets 2025: $5,727,829Liabilities 2025: $2,944,256Net Assets 2025: $2,783,5732025

Highlighted filing

2023

Assets$5,633,448
Liabilities$3,127,919
Net Assets$2,505,529

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2012: $81,1922012Expenses 2013: $81,7612013Revenue 2014: $90,265Expenses 2014: $77,008Net Income 2014: $13,2572014Revenue 2015: $94,770Expenses 2015: $79,496Net Income 2015: $15,2742015Revenue 2016: $88,000Expenses 2016: $70,650Net Income 2016: $17,3502016Revenue 2017: $163,000Expenses 2017: $72,742Net Income 2017: $90,2582017Revenue 2019: $186,100Expenses 2019: $208,222Net Income 2019: -$22,1222019Revenue 2020: $301,723Expenses 2020: $239,219Net Income 2020: $62,5042020Revenue 2021: $1,570,110Expenses 2021: $163,093Net Income 2021: $1,407,0172021Revenue 2022: $589,895Expenses 2022: $345,623Net Income 2022: $244,2722022Revenue 2023: $634,969Expenses 2023: $498,562Net Income 2023: $136,4072023Revenue 2024: $585,865Expenses 2024: $456,571Net Income 2024: $129,2942024Revenue 2025: $649,042Expenses 2025: $500,293Net Income 2025: $148,7492025

Highlighted filing

2023

Revenue$634,969
Expenses$498,562
Net Income$136,407
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Nov 14, 2023
Return Version
2022v5.0
Gross Receipts
$634,969
Mission and Program Overview

Mission

To provide housing and maintain the fraternity house property for the Mississippi Theta Chapter of Sigma Alpha Epsilon Fraternity

Fraternity House for the Mississippi Theta Chapter of Sigma Alpha Epsilon Fraternity

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,829,640$4,651,150▼ $178,490
Investments in Publicly Traded Securities$0$530,129▲ $530,129
Savings and Temporary Cash Investments$0$227,485▲ $227,485
Cash and Non-Interest-Bearing Accounts$690,544$205,151▼ $485,393
Prepaid Expenses and Deferred Charges$13,355$13,579▲ $224
Accounts Receivable$21,103$5,954▼ $15,149
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
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$5,554,642$5,633,448▲ $78,806
Other Assets Total$0$0→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,185,305$3,108,623▼ $76,682
Accounts Payable and Accrued Expenses$215$19,296▲ $19,081
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$3,185,520$3,127,919▼ $57,601
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,369,122$2,505,529▲ $136,407
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$2,369,122$2,505,529▲ $136,407
Total Liabilities and Net Assets / Fund Balance$5,554,642$5,633,448▲ $78,806

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,651,150$1,866,518$6,517,668
Compensation and Service Providers

Board Members and Trustees

NameTitle
John GarrardPresident
Will EiflingVice President
Gregory SomersCEO
Juan FariaController
Stephen FarrSecretary
Jerry SolomonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$303,091
Program Service Revenue
$320,000
Investment Income
$11,878
Other Revenue
$0
All Other Contributions
$303,091
Change in Net Assets
$136,407
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$498,562
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
Depreciation Depletion$0$0$0$196,321
Interest$0$0$0$149,669
Insurance$0$0$0$21,602
Office Expenses$0$0$0$16,672
Other Expenses$0$0$0$5,514
All Other Expenses$0$0$0$1,529
Fees for Services Accounting$0$0$0$200
Total Functional Expenses$0$0$0$498,562
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
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
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

Part VI, Line 11B

Reviewed at regularly scheduled meeting

Part VI, Line 19

All documents are made available to the public upon request

Filing and Contact Details

Filer

Filer Name
House Corporation of Mississippi Theta of Sigma Alpha Epsilon
EIN
51-0142737
In Care Of
% JUAN FARIA
Phone
2243070659
Address
1856 Sheridan Road, Evanston, IL 60201
Doing Business As
Mississippi Theta House Corporation

Signing Officer

Name
Juan Faria
Title
Controller
Signed
2023-11-14

Organization Details

Principal Officer
Juan Faria
Formed
1959
Legal Domicile
Ms
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
5
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IRS990/MissionDesc0To provide housing and maintain the fraternity house property for the Mississippi Theta Chapter of Sigma Alpha Epsilon Fraternity
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt03185305
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt03108623
IRS990/NameChangeInd0X
IRS990/NetAssetsOrFundBalancesBOYAmt02369122
IRS990/NetAssetsOrFundBalancesEOYAmt02505529
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt00
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetGainOrLossInvestmentsGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetIncomeFromGamingGrp/ExclusionAmt00
IRS990/NetIncomeFromGamingGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetIncomeOrLossGrp/ExclusionAmt00
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt00
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/UnrelatedBusinessRevenueAmt00
IRS990/NetUnrelatedBusTxblIncmAmt011878
IRS990/NetUnrlzdGainsLossesInvstAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt02369122
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt02505529
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NoncashContributionsAmt00
IRS990/NondeductibleContributionsInd0true
IRS990/NondeductibleContriDisclInd0true
IRS990/OccupancyGrp/FundraisingAmt00
IRS990/OccupancyGrp/ManagementAndGeneralAmt00
IRS990/OccupancyGrp/ProgramServicesAmt00
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/FundraisingAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt00
IRS990/OfficeExpensesGrp/ProgramServicesAmt00
IRS990/OfficeExpensesGrp/TotalAmt016672
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Repairs & Maintenance
IRS990/OtherExpensesGrp/Desc1Utilities
IRS990/OtherExpensesGrp/Desc2Elevator & HVAC Maintenance Plans
IRS990/OtherExpensesGrp/Desc3Alumni Development
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/FundraisingAmt30
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt10
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt20
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt30
IRS990/OtherExpensesGrp/ProgramServicesAmt00
IRS990/OtherExpensesGrp/ProgramServicesAmt10
IRS990/OtherExpensesGrp/ProgramServicesAmt20
IRS990/OtherExpensesGrp/ProgramServicesAmt30
IRS990/OtherExpensesGrp/TotalAmt056020
IRS990/OtherExpensesGrp/TotalAmt143867
IRS990/OtherExpensesGrp/TotalAmt27168
IRS990/OtherExpensesGrp/TotalAmt35514
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherRevenueMiscGrp/ExclusionAmt00
IRS990/OtherRevenueMiscGrp/ExclusionAmt10
IRS990/OtherRevenueMiscGrp/ExclusionAmt20
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt10
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt20
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt00
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt10
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt20
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt00
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt10
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt20
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt00
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/FundraisingAmt00
IRS990/PaymentsToAffiliatesGrp/ManagementAndGeneralAmt00
IRS990/PaymentsToAffiliatesGrp/ProgramServicesAmt00
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt00
IRS990/PayrollTaxesGrp/ProgramServicesAmt00
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/FundraisingAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt00
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt013355
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt013579
IRS990/PrincipalOfficerNm0JUAN FARIA
IRS990/PriorPeriodAdjustmentsAmt00
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0721310
IRS990/ProgramServiceRevenueGrp/Desc0Rent
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/ExclusionAmt10
IRS990/ProgramServiceRevenueGrp/ExclusionAmt20
IRS990/ProgramServiceRevenueGrp/ExclusionAmt30
IRS990/ProgramServiceRevenueGrp/ExclusionAmt40
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt00

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$5.73$2.94$2.78$0.65$0.50$0.15
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.66$3.03$2.63$0.59$0.46$0.13
2023Detailed filing. Detailed filing data is available for this year.$5.63$3.13$2.51$0.63$0.50$0.14
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.55$3.19$2.37$0.59$0.35$0.24
2021Detailed filing. Detailed filing data is available for this year.$2.99$0.87$2.12$1.57$0.16$1.41
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.72$0.00$0.72$0.30$0.24$0.06
2019Detailed filing. Detailed filing data is available for this year.$0.66$0.00$0.66$0.19$0.21$0.02
2017Detailed filing. Detailed filing data is available for this year.$0.64$0.00$0.64$0.16$0.07$0.09
2016Detailed filing. Detailed filing data is available for this year.$0.56$0.00$0.56$0.09$0.07$0.02
2015Detailed filing. Detailed filing data is available for this year.$0.55$0.00$0.55$0.09$0.08$0.02
2014Detailed filing. Detailed filing data is available for this year.$0.61$0.11$0.50$0.09$0.08$0.01
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.65$0.19$0.45$0.08
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.70$0.25$0.45$0.08