2021-04-13T13:47:18-05:00 2020-05-31 351178661 BLUE & CO LLC 12800 N MERIDIAN ST STE 400 CARMEL IN 46032 990 2019-06-01 352103442 ALPHA XI DELTA NATIONAL HOUSING CORPORATION ALPH 3178723500 8702 FOUNDERS ROAD INDIANAPOLIS IN 46268 ELYSIA BALSTER GALLIVAN NATIONAL EXECUTIVE DIRECTOR 3178723500 2021-04-12 1 ANGELA N CRAWFORD CPA P00573197 3178488920 2021-04-12 2019 2022-09-23 18:48:47Z ELYSIA BALSTER GALLIVAN 8702 FOUNDERS ROAD INDIANAPOLIS IN 46268 6867536 0 X WWW.ALPHAXIDELTA.ORG X 1999 IN THE MISSION OF THE ALPHA XI DELTA NATIONAL HOUSING CORPORATION (NHC), IN SUPPORT OF LOCAL CORPORATION BOARDS AND ITS COLLEGIATE CHAPTERS, SUPPORTS CHAPTER FACILITIES THAT PROVIDE AN ENVIRONMENT PROMOTING SISTERHOOD, LEARNING, WELLBEING, AND GROWTH.THE NATIONAL HOUSING CORPORATION SETS A HIGH STANDARD FOR CHAPTER FACILITIES BY ENSURING IT PROTECTS THE ALPHA XI DELTA BRAND, IS SAFE, PROPERLY MAINTAINED, FINANCIALLY SECURE, AND ENHANCES THE LIVING AND LEARNING ENVIRONMENT OF THE CHAPTER. 5 5 3 0 3910 0 1534215 5251757 1659026 1571374 5189 3910 0 40495 3198430 6867536 0 0 0 0 56412 120405 0 0 0 1889888 2041490 1946300 2161895 1252130 4705641 7034554 12747869 3644913 4655068 3389641 8092801 X THE MISSION OF THE ALPHA XI DELTA NATIONAL HOUSING CORPORATION (NHC), IN SUPPORT OF LOCAL CORPORATION BOARDS AND ITS COLLEGIATE CHAPTERS, SUPPORTS CHAPTER FACILITIES THAT PROVIDE AN ENVIRONMENT PROMOTING SISTERHOOD, LEARNING, WELLBEING, AND GROWTH.THE NATIONAL HOUSING CORPORATION SETS A HIGH STANDARD FOR CHAPTER FACILITIES BY ENSURING IT PROTECTS THE ALPHA XI DELTA BRAND, IS SAFE, PROPERLY MAINTAINED, FINANCIALLY SECURE, AND ENHANCES THE LIVING AND LEARNING ENVIRONMENT OF THE CHAPTER. 0 0 ALPHA XI DELTA NATIONAL HOUSING CORPORATION (THE "NHC") IS USED TO MANAGE THE PROPERTIES OF ALPHA XI DELTA FRATERNITY. 0 1 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 1 34 0 1 3 1 1 1 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 0 1 1 0 IN CA X THE ORGANIZATION 3178723500 8702 FOUNDERS ROAD INDIANAPOLIS IN 46268 ERIN MACDONALD PECK PRESIDENT 1.00 X X 0 0 0 JENNIFER UMBERGER SECRETARY 1.00 X X 0 0 0 RACHEL WHITE TREASURER 1.00 X X 0 0 0 MICAELA ISLER NATIONAL PRESIDENT 1.00 X X 0 0 0 MEGAN CROUCH NATIONAL VICE PRESIDENT 1.00 X X 0 0 0 ELYSIA BALSTER GALLIVAN NATIONAL EXEC. DIRECTOR 10.00 30.00 X 0 134667 4271 LORI HOLT DIRECTOR OF FINANCE 4.00 36.00 X 0 74391 10868 0 209058 15139 0 0 0 0 GILL GRILLING COMPANY 2416 PEBBLEBROOK CR DAVIDSONVILLE MD 21035 FOOD SERVICE 234438 COLLEGE FRESH 701 DEVONSHIRE DR STE C-23 CHAMPAIGN IL 61820 FOOD SERVICE 195566 2 5251757 4997811 5251757 ROOM & BOARD 531110 1084005 1084005 PARLOR/LIVE-OUT FEE 531390 269920 269920 EMPTY BED FEE 531390 140266 140266 FACILITY FEE REVENUE 531390 60900 60900 OTHER HOUSING INCOME 531390 16283 16283 1571374 3910 3910 BAD DEBT RECOVERY 900099 30559 30559 OTHER INCOME 900099 9936 9936 40495 6867536 1611869 3910 0 107993 12412 74122 12654 70230 20874 12705 437625 188313 482280 FOOD SERVICE/MEALS 494199 REPAIRS & MAINTENEANCE 176392 SALARY & PAYROLL TAX RE 64455 OTHER EXPENSES 7641 2161895 936375 910783 38995 0 42486 51881 13761554 2032700 5963236 11728854 48541 55576 4921 775 7034554 12747869 52350 191688 3284398 3464221 308165 999159 3644913 4655068 X 3389641 8092801 3389641 8092801 7034554 12747869 4705641 -2481 0 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2847691 2847691 10051508 1396145 8655363 862355 636555 225800 11728854 SECURITY DEPOSITS 71991 DUE TO RELATED PARTY 927168 999159 X PART X, LINE 2: THE NOTE TO THE CONSOLIDATED FINANCIAL STATEMENTS READS AS FOLLOWS: THE FRATERNITY AND THE NHC ARE EACH ORGANIZED AS NOT-FOR-PROFIT CORPORATIONS AND HAVE OBTAINED EXEMPTION 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. NEITHER THE FRATERNITY NOR THE NHC PAID UNRELATED BUSINESS INCOME TAX IN THE YEARS ENDED MAY 31, 2020 AND 2019. THE ACTIVITIES OF SJSU, CORNELL, WISCONSIN, UNH, OSHKOSH, WV AND TEXAS ARE EXEMPT AS PROGRAMS UNDER THE NHC'S NOT-FOR PROFIT EXEMPTION AND ARE INCLUDED IN THE INCOME TAX FILINGS OF THE NHC. THE EXEMPTION IS ON ALL REVENUE EXCEPT UNRELATED BUSINESS INCOME. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE ORGANIZATION AND TO RECOGNIZE A TAX LIABILITY IF THE ORGANIZATION 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 BOTH THE ORGANIZATION, AND HAS CONCLUDED THAT AS OF MAY 31, 2020 AND 2019, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. THE ORGANIZATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE FRATERNITY AND NHC HAVE FILED THEIR FEDERAL AND STATE INCOME TAX RETURNS FOR PERIODS THROUGH MAY 31, 2019. 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). X 1 4997811 FMV 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS REVIEWED AND APPROVED BY THE EXECUTIVE MANAGEMENT TEAM. THE RETURN IS DISTRIBUTED TO THE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE FORMS ARE COLLECTED, KEPT ON FILE, AND INDIVIDUALS ARE ASKED TO RECUSE THEMSELVES FROM A VOTE IF IT IS A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION IS PAID BY ALPHA XI DELTA FRATERNITY, A RELATED ENTITY. THE FRATERNITY HAS AN EXECUTIVE PERFORMANCE AND COMPENSATION REVIEW COMMITTEE COMPRISED OF THREE BOARD MEMBERS. THOSE MEMBERS REACH OUT TO THE FOUNDATION CHAIR AND NHC PRESIDENT FOR FEEDBACK. THEY REVIEW BOTH INDUSTRY STANDARDS FOR COMPENSATION AS WELL AS GREEK ORGANIZATION SURVEY RESULTS. LOCATION OF THE NATIONAL EXECUTIVE DIRECTOR IS ALSO TAKEN INTO CONSIDERATION. THE COMMITTEE COMPLETES THE REVIEW DOCUMENT AND AGREES ON THE COMPENSATION. NATIONAL PRESIDENT COMPLETES THE REVIEW AND SENDS A MEMO TO DIRECTOR OF FINANCE AND OPERATIONS FOR THE FRATERNITY FOR EXECUTION. FORM 990, PART VI, SECTION C, LINE 19 KEPT ON FILE. AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. 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