2024-05-13T07:33:08-05:00 2023-06-30 351178661 BLUE & CO LLC 12800 N MERIDIAN ST STE 400 CARMEL IN 46032 990 2022-07-01 352037592 NORWICH HOUSING CORPORATION INC NORW 3178241881 865 W CARMEL DRIVE CARMEL IN 46032 JAMES POWELL ASSISTANT TREASURER 3178241881 2024-05-13 1 JAMES POWELL 999009999 1 ANGELA N CRAWFORD CPA P00573197 3178488920 2024-04-24 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JAMES POWELL 865 W CARMEL DRIVE CARMEL IN 46032 1650508 0 X THETACHI.ORG X 1926 IN THE NORWICH HOUSING CORPORATION PROVIDES FUNDING TO MEMBER ALUMNI CORPORATIONS WHICH PROVIDE HOUSING OPPORTUNITIES FOR THEIR UNDERGRADUATE STUDENT MEMBERS. 5 5 0 5 -43655 0 0 0 219869 313912 204337 -43655 250 0 424456 270257 10000 10000 0 0 0 0 0 0 0 359563 453634 369563 463634 54893 -193377 10281807 10521949 1160913 1485106 9120894 9036843 THE NORWICH HOUSING CORPORATION PROVIDES FUNDING TO MEMBER ALUMNI CORPORATIONS WHICH PROVIDE HOUSING OPPORTUNITIES FOR THEIR UNDERGRADUATE STUDENT MEMBERS. 0 0 MORTGAGE LOANS: TO PROVIDE ASSISTANCE TO AFFILIATED CHAPTERS BY AIDING IN THE PROCESS OF ISSUING LOANS FOR HOUSING PURPOSES. LIFE SAFETY LOANS: LOANS GIVEN AT LOW INTEREST RATES TO FUND LIFE SAFETY IMPROVEMENTS FOR UNDERGRADUATE STUDENT HOUSING. LADUE LOANS: EMERGENCY LOANS FOR HOUSE REPAIRS/IMPROVEMENTS. 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 X 5 5 0 1 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 IN X JAMES POWELL 3178241881 865 W CARMEL DRIVE CARMEL IN 46032 X JOE L CLACK PRESIDENT 4.00 X X 0 0 0 PETER S MACKEY VICE PRESIDENT 3.00 X X 0 0 0 ERIC W RAASCH TREASURER 2.00 X X 0 0 0 DOUGLAS M ALLEN SECRETARY 2.00 X X 0 0 0 JOSEPH S COUCH COUNSELOR 2.00 X X 0 0 0 0 0 0 0 0 0 0 THETA CHI FRATERNITY INC 3330 FOUNDERS ROAD INDIANAPOLIS IN 46268 ADMINISTRATIVE SERVICES 210288 1 CHAPTER LOAN INTEREST 900099 309026 309026 MANAGEMENT FEES 900099 4886 4886 313912 54941 54941 1281655 1380251 -98596 -98596 -98596 270257 313912 -43655 0 10000 210288 4414 14525 70 3210 6887 192413 2433 BAD DEBT EXPENSE 10777 SPECIAL EVENTS 6380 MISCELLANEOUS 2237 463634 216962 266356 504504 227154 108660 140139 7628105 7570229 2474 4484 1821102 2313587 0 0 10281807 10521949 1081555 1484206 79358 900 1160913 1485106 X 9120894 9036843 9120894 9036843 10281807 10521949 -193377 109326 0 X X 0 1 X 1 0 0 DUE TO THETA CHI FRATERNITY, INC. 900 900 X 365058 109326 109326 255732 14525 14525 270257 449109 0 449109 14525 14525 463634 PART X, LINE 2: THE NHC IS ORGANIZED AS A NONPROFIT CORPORATION AND IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(7) OF THE INTERNAL REVENUE CODE AND SIMILAR STATE LAWS. THE EXEMPTION IS ON ALL INCOME EXCEPT UNRELATED BUSINESS INCOME. AN UNRELATED TRADE OR BUSINESS OF AN EXEMPT ORGANIZATION IS ANY TRADE OR BUSINESS WHICH IS NOT SUBSTANTIALLY RELATED TO THE EXERCISE OR PERFORMANCE OF ITS EXEMPT PURPOSE. INCOME EARNED FROM NON-MEMBERS IS RECOGNIZED AS UNRELATED BUSINESS INCOME TO THE EXTENT SUCH INCOME IS NOT SET ASIDE. INCOME THAT IS PROPERLY SET ASIDE MUST BE USED FOR THE QUALIFYING PURPOSES OUTLINED IN THE SET-ASIDE RESOLUTION. AT JUNE 30, 2023 AND 2022, CASH INCLUDES $215,369 AND $304,496, RESPECTIVELY, DESIGNATED FOR SET ASIDE. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE NHC AND RECOGNIZE A TAX LIABILITY IF THE NHC HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY VARIOUS FEDERAL AND STATE TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE NHC, AND HAS CONCLUDED THAT AS OF JUNE 30, 2023 AND 2022, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE ACCOMPANYING FINANCIAL STATEMENTS. AS SUCH, THE NHC IS GENERALLY EXEMPT FROM INCOME TAXES. HOWEVER, THE NHC IS REQUIRED TO FILE FEDERAL FORM 990 -RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX AND A CORRESPONDING STATE RETURN, WHICH ARE INFORMATIONAL RETURNS ONLY. THE NHC HAS FILED ITS FEDERAL AND STATE INCOME TAX RETURNS FOR PERIODS THROUGH JUNE 30, 2022. THESE INCOME TAX RETURNS ARE GENERALLY OPEN TO EXAMINATION BY THE RELEVANT TAXING AUTHORITIES FOR A PERIOD OF THREE YEARS FROM THE LATER OF THE DATE THE RETURN WAS FILED OR ITS DUE DATE (INCLUDING APPROVED EXTENSIONS). THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. 0 THE FOUNDATION CHAPTER OF THETA CHI FRATERNITY INC 865 W CARMEL DRIVE CARMEL IN 46032 214014559 501(C)(3) 10000 0 GENERAL ASSISTANCE 1 0 FORM 990, PART VI, SECTION A, LINE 3 NORWICH HOUSING CORPORATION (NHC) HAS AN AGREEMENT WITH AN AFFILIATE, THETA CHI FRATERNITY (FRATERNITY), IN WHICH THE FRATERNITY PROVIDES CERTAIN ADMINISTRATIVE FUNCTIONS SUCH AS MANAGEMENT, COMPUTER USAGE, ACCOUNTING SERVICES, FACILITY SPACE, AND INSURANCE. IN RETURN, THE NHC PAYS AN ADMINISTRATIVE REIMBURSEMENT TO THE FRATERNITY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE ASSISTANT TREASURER/ASSOCIATE EXECUTIVE DIRECTOR AND THE CHIEF EXECUTIVE OFFICER BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS SIGN A FORM EVERY TWO YEARS THAT THEY HAVE READ AND UNDERSTAND THE POLICY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AT THE HEADQUARTER OFFICE. ALL MEMBERS ARE WELCOME TO ATTEND BOARD MEETINGS AS WELL WHERE THESE ARE AVAILABLE. PART XII, LINE 2C THE ORGANIZATION'S BOARD OF DIRECTORS ARE RESPONSIBLE FOR OVERSIGHT OF THE AUDIT AND FOR THE SELECTION OF THE INDEPENDENT AUDITOR. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.