2024-08-21T14:00:58-07:00 2023-12-31 351984487 JR Helms & Associates PC 7960 Zionsville Road Indianapolis IN 46268 990 2023-01-01 311238715 1440 Realty Corporation 1440 3177080382 PO Box 20722 Indianapolis IN 462200722 Steven T Dum Treasurer 3177080382 2024-08-16 true true John R Helms CPA P00636165 3173372980 2024-08-21 2023 2024-08-08 14:25:15Z Steven T Dum PO Box 20722 Indianapolis IN 46220 1029139 false X N/A X 1942 IN Provide fraternity home for Theta Chi Fraternity brothers while taking classes at Indiana University 11 11 2 65 0 0 0 853530 1029139 0 0 853530 1029139 0 0 22275 49874 0 0 697526 1006335 719801 1056209 133729 -27070 3087799 3052093 1085610 1076974 2002189 1975119 Provide fraternity home for Theta Chi Fraternity brothers while taking classes at Indiana University false false Provide fraternity home for members of Theta Chi Fraternity, Alpha Iota Chapter, (approximately 65 to 70 at any time) while taking classes at Indiana University. false false false false false false false false false true false false false true false false false false false false false false false false false false false false false false false false false false false false false false false false true false false true 0 0 true 2 true false false false false false false X 11 11 false false false false true true true true false false false true false false false false true false IN X Steve Dum 3177080382 PO Box 20722 Indianapolis IN 46220 X Matthew Coffman President 15.00 X X 0 0 0 Chris Waits Vice President 5.00 X X 0 0 0 Kevin McIntosh Secretary 10.00 X X 0 0 0 Steven T Dum Treasurer 15.00 X X 0 0 0 William Davidson Director 5.00 X 0 0 0 Bart Book Director 5.00 X 0 0 0 Richard Tetrick Director 5.00 X 0 0 0 Fred Schieber Director 5.00 X 0 0 0 Tom Knox Director 5.00 X 0 0 0 0 0 0 false false false Fraternity Rental - Real Property 531110 930730 0 0 Lease Termination Fees 531110 28788 0 0 Security Deposits Retained 531110 5450 0 0 Laundry Commissions 531110 6788 0 0 Other Related Revenue 531110 57383 0 0 1029139 1029139 1029139 0 0 45000 0 0 0 4874 0 0 0 11209 0 0 0 6867 0 0 0 1959 0 0 0 5383 0 0 0 739505 0 0 0 1233 0 0 0 852 0 0 0 39724 0 0 0 105005 0 0 0 37903 0 0 0 Omega Fi Charges 32003 0 0 0 Outside Services 1250 0 0 0 Other Miscellaneous 23442 0 0 0 1056209 0 0 0 906025 975324 3388 3388 3449103 1388698 2164255 2060405 14131 12976 3087799 3052093 978869 921329 106741 155645 1085610 1076974 X 2002189 1975119 2002189 1975119 3087799 3052093 -27070 X false false false 0 84308 84308 515967 515967 0 2764804 793107 1971697 84024 79624 4400 2060405 Payroll Taxes Accrued & Withheld 3393 Revolving Credit Card Payable -10793 Security Deposits Held - Tenants 163045 155645 Pt VI, Line 6 The Organization has approximately 65 members who are alumni. These member select the Board of Directors and approve the significant decisions of the Board of directors at the annual meeting. Pt VI, Line 7a The 65 (approximately) members of the Organization have the right to elect the members of the Board of Directors at the annual meeting. Pt VI, Line 7b The 65 (approximately) members of the Organization have the right to ratify the decisions of the Board of Directors at the annual meeting. Pt VI, Line 8b The Organization has no committees with authority to act on behalf of the Board of Directors. Pt VI, Line 11b The Organization provides a copy of Form 990 to the Board of Directors via email and requests comments and proposed changes by a specified date. Pt VI, Line 15b The Board of Directors review and approve annually the compensation of the Housing Director. Pt VI, Line 19 The Organization makes its governing documents available to the public subject to written request. Other Section 1.263(a)-1(f) De Minimis Safe Harbor Election. The Nonprofit Organization elects to make the de minimis safe harbor election under Regulation 1.263(a)-1(f). 1440 Realty Corporation (Formerly: Theta Chi Realty Corporation), 1440 N Jordan Ave, Bloomington, IN 47406; EIN: 31-1238715 Other Section 1.263(a)-3(h) Safe Harbor Election for Small Taxpayers. The Nonprofit Organization elects to make the safe harbor election for small taxpayers under Regulation 1.263(a)-3(h). 1440 Realty Corporation (Formerly: Theta Chi Realty Corporation), 1440 N Jordan Ave, Bloomington, IN 47406; EIN: 31-1238715. Description of Eligible Property: Fraternity Home and related property held for exempt purpose of providing housing for approximately 70 Theta Chi Fraternity - Alpha Iota chapter members while taking classes at Indiana University. Other Revenues less expenses. 2022 net revenue (revenues less expenses)amounted to $133,729. It is notable that during 2020 the Organization spent $1,520,824 on gutting/renovating the 2nd floor of the fraternaty house due to normal wear and tear over many, many years, using a construction loan of $1,082,294 and existing Organization funds for the balance. The Organization intends to use 2022 income plus funds from the loan to begin renovations to portions of the 1st floor in the near future. Furthermore principal payments on secured debt were $55,090 during 2022. Alpha Iota Educational Foundation Inc 225 S Emerson Ave Suite 181 Greenwood IN 46143 351825791 Educational Foundation IN 501(c)(3) 9 NA false false false false false false false false false false false false false false false false false false false