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TIN:
SCHEDULE O
(Form 990 or 990-EZ)
Department of the Treasury
Internal Revenue Service
(Form 990 or 990-EZ)
Department of the Treasury
Internal Revenue Service
Supplemental Information to Form 990 or 990-EZ
Complete to provide information for responses to specific questions on
Form 990 or to provide any additional information.
Attach to Form 990 or 990-EZ.
Information about Schedule O (Form 990 or 990-EZ) and its instructions is atwww.irs.gov/form990.
OMB No. 1545-0047
2013
Open to Public
Inspection
Inspection
Name of the organization
CHI OMEGA HOUSING CORPORATION
Employer identification number
59-6135388
59-6135388
| Return Reference | Explanation |
|---|---|
| FORM 990, PAGE 1, ITEM B | AS NOTED IN THE SCHEDULE BELOW, REVENUE IN THE AMOUNT OF 364,565 BILLED FOR THE CURRENT YEAR (FYE 07/31/14) WAS INADVERTENTLY REPORTED ON THE ORGANIZATION'S PRIOR YEAR RETURN (FYE 07/31/13 - AN AMENDED RETURN FOR THE PRIOR YEAR WILL ALSO BE FILED). IN ADDITION, REVENUE IN THE AMOUNT OF 337,454 BILLED FOR FYE 07/31/15 WAS INADVERTENTLY REPORTED FOR FYE 07/31/14). THIS RESULT IN A NET INCREASE IN TOTAL REVENUE OF 27,111 (364,565 - 337,454). ALSO AS NOTED IN THE SCHEDULE BELOW, CERTAIN EXPENSES HAVE BEEN RECLASSIFIED TO MORE APPROPRIATE TAX LINES. FORM 990, PART III, LINE 4A - WORDING WAS REVISED. FORM 990, SCHEDULE O - THE FOLLOWING ITEMS HAVE BEEN REVISED: 1. ORGANIZATION'S MISSION STATEMENT 2. STATEMENT FOR FORM 990, PART III, LINE 4D 3. STATEMENT FOR FORM 990, PART VI, LINE 11B AS ORIGINALLY INCR AS FORM / SCHEDULE AND LINE REPORTED DECR AMENDED -------------------------------------- ----------- --------- ---------- FORM 990, PART I - COLUMN: PRIOR YEAR: LINE 9 - PROGRAM SERVICE REVENUE 1,209,684 (364,565) 845,119 LINE 10 - INVESTMENT INCOME 7,600 - 7,600 LINE 11 - OTHER INCOME - - - ----------- --------- ---------- LINE 12 - TOTAL REVENUE 1,217,284 (364,565) 852,719 ----------- --------- ---------- LINE 15 - SALARIES & BENEFITS 154,535 - 154,535 LINE 17 - OTHER EXPENSES 477,277 - 477,277 ----------- --------- ---------- LINE 18 - TOTAL EXPENSES 631,812 - 631,812 ----------- --------- ---------- LINE 19 - REVENUE LESS EXPENSES 585,472 (364,565) 220,907 =========== ========= ========== LINE 20 - TOTAL ASSETS 2,449,340 - 2,449,340 LINE 21 - TOTAL LIABILITIES 46,192 364,565 410,757 ----------- --------- ---------- LINE 22 - NET ASSETS 2,403,148 (364,565) 2,038,583 =========== ========= ========== FORM 990, PART I - COLUMN: CURRENT YEAR: LINE 9 - PROGRAM SERVICE REVENUE 941,227 27,111 968,338 LINE 10 - INVESTMENT INCOME 21,204 - 21,204 LINE 11 - OTHER INCOME 507 - 507 ----------- --------- ---------- LINE 12 - TOTAL REVENUE 962,938 27,111 990,049 ----------- --------- ---------- LINE 15 - SALARIES & BENEFITS 180,005 8,628 188,633 LINE 17 - OTHER EXPENSES 447,839 (8,628) 439,211 ----------- --------- ---------- LINE 18 - TOTAL EXPENSES 627,844 - 627,844 ----------- --------- ---------- LINE 19 - REVENUE LESS EXPENSES 335,094 27,111 362,205 =========== ========= ========== LINE 20 - TOTAL ASSETS 2,758,170 - 2,758,170 LINE 21 - TOTAL LIABILITIES 19,928 337,454 357,382 ----------- --------- ---------- LINE 22 - NET ASSETS 2,738,242 (337,454) 2,400,788 =========== ========= ========== FORM 990, PART VIII: LINE 2A - MEMBERSHIP DUES/ASSESS.-COL A&B 941,227 27,111 968,338 ----------- --------- ---------- LINE 2G - PROGRAM SERVICE REVENUE-COL A&B 941,227 27,111 968,338 LINE 3 - INVESTMENT INCOME 17,312 - 17,312 LINE 7D - NET GAIN FROM SALE OF ASSETS 3,892 - 3,892 LINE 11E - MISCELLANEOUS REVENUE 507 - 507 ----------- --------- ---------- LINE 12 - TOTAL REVENUE 962,938 27,111 990,049 =========== ========= ========== FORM 990, PART IX - COLUMN (A): LINE 7 - OTHER SALARIES AND WAGES 160,524 8,628 169,152 LINE 9 - OTHER EMPLOYEE BENEFITS 2,668 - 2,668 LINE 10 - PAYROLL TAXES 16,813 - 16,813 LINE 11B - LEGAL 950 - 950 LINE 11C - ACCOUNTING 17,513 (8,628) 8,885 LINE 11G - OTHER FEES FOR SERVICES 1,917 - 1,917 LINE 13 - OFFICE EXPENSE 28,054 (16,557) 11,497 LINE 16 - OCCUPANCY 105,846 5,783 111,629 LINE 19 - CONFERENCES, CONVENTIONS & MTGS 3,751 - 3,751 LINE 22 - DEPRECIATION 70,010 - 70,010 LINE 23 - INSURANCE 3,660 - 3,660 LINE 23A - FOOD 152,784 - 152,784 LINE 23B - SALES TAX EXPENSE 19,537 - 19,537 LINE 23C - KITCHEN SUPPLIES 15,272 - 15,272 LINE 23D - BILLHIGHWAY FEES 12,369 - 12,369 LINE 23E - ALL OTHER EXPENSES 16,176 10,774 26,950 ----------- --------- ---------- LINE 25 - TOTAL FUNCTIONAL EXPENSES 627,844 - 627,844 =========== ========= ========== FORM 990, PART X - COLUMN (A): LINE 17 - ACCOUNTS PAYABLE 2,061 - 2,061 LINE 19 - DEFERRED REVENUE 18,617 364,565 383,182 LINE 25 - OTHER LIABILITIES 25,514 - 25,514 ----------- --------- ---------- LINE 26 - TOTAL LIABILITIES 46,192 364,565 410,757 ----------- --------- ---------- LINE 32 - RETAINED EARNINGS 2,403,148 (364,565) 2,038,583 ----------- --------- ---------- LINE 33 - TOTAL NET ASSETS 2,403,148 (364,565) 2,038,583 ----------- --------- ---------- LINE 34 - TOTAL LIABILITES & FUND BAL. 2,449,340 - 2,449,340 =========== ========= ========== FORM 990, PART X - COLUMN (B): LINE 17 - ACCOUNTS PAYABLE 1,403 - 1,403 LINE 19 - DEFERRED REVENUE - 337,454 337,454 LINE 25 - OTHER LIABILITIES 18,525 - 18,525 ----------- --------- ---------- LINE 26 - TOTAL LIABILITIES 19,928 337,454 357,382 ----------- --------- ---------- LINE 32 - RETAINED EARNINGS 2,738,242 (337,454) 2,400,788 ----------- --------- ---------- LINE 33 - TOTAL NET ASSETS 2,738,242 (337,454) 2,400,788 ----------- --------- ---------- LINE 34 - TOTAL LIABILITES & FUND BAL 2,758,170 - 2,758,170 =========== ========= ========== |
| FORM 990 - ORGANIZATION'S MISSION | TO OBTAIN MONEY AND PROPERTY BY GIFT, BEQUEST, LOAN, LEASE, AND OTHERWISE, AND TO USE SUCH MONEY FOR THE PURCHASES AND ACQUIRING OF PROPERTY, IF NECESSARY, AND FOR THE CREATION OF A CHI OMEGA HOUSE AT THE UNIVERSITY OF FLORIDA, GAINESVILLE, FLORIDA, FOR THE PURPOSE PROVIDING A MEETING SPACE AND HOUSING TO THE ETA DELTA CHAPTER OF THE CHI OMEGA FRATERNITY. TO BORROW MONEY FOR THE USES AND PURPOSES AS SET OUT ABOVE EVIDENCING SUCH LOANS BY THE ISSUING OF NEGOTIABLE INSTRUMENTS. TO DO ANY AND ALL THINGS DEEMED NECESSARY AS PROVIDED IN THIS CHARTER TO SECURE PROPERTIES, WHETHER REAL OR PERSONAL, FOR THE ADVANCEMENT OF ETA DELTA CHAPTER OF THE CHI OMEGA FRATERNITY IN GAINESVILLE, ALACHUA COUNTY, FLORIDA. |
| FORM 990, PAGE 2, PART III, LINE 4D | THE ORGANIZATION HAS MET ITS EXEMPT PURPOSE IN PROVIDING ROOM, BOARD AND MEETING SPACE TO THE ETA DELTA CHAPTER OF CHI OMEGA FRATERNITY. IT HAS PROVIDED A HOUSE THAT HAS BEEN MAINTAINED IN GOOD ORDER AS WELL AS CONSISTENTLY PROVIDING HIGH QUALITY MEALS TO THE MEMBERS OF THE SORORITY. |
| FORM 990, PAGE 6, PART VI, LINE 7A | THE MEMBERS OF THE ORGANIZATION PER THE BYLAWS HAVE THE RIGHT TO ELECT THE ORGANIZATION'S GOVERNING BODY. |
| FORM 990, PAGE 6, PART VI, LINE 11B | A DETAILED REVIEW OF THE FINAL FORM 990 IS CONDUCTED BY THE BOARD OF DIRECTORS PRIOR TO FILING THE RETURN. |
| FORM 990, PAGE 6, PART VI, LINE 12C | THE ORGANIZATION REQUIRES ALL BOARD MEMBERS AND OFFICERS TO DISCLOSE ANNUALLY INTERESTS THAT COULD GIVE RISE TO CONFLICTS AND REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THE CONFLICT ON INTEREST POLICY FOR BOARD MEMBERS. IF A CONFLICT ARISES, THAT PERSON SHALL GENERALLY BE EXCUSED FROM PARTICIPATING IN AN ACTION INVOLVING THAT SUBJECT MATTER. |
| FORM 990, PAGE 6, PART VI, LINE 19 | CHI OMEGA HOUSING CORPORATION DOES NOT MAKE AVAILABLE TO THE PUBLIC ITS GOVERNING DOCUMENTS OR FINANCIAL STATEMENTS. |
| FORM 990, PART XII | LINE 1 - ACCOUNTING METHOD USED THE ORGANIZATION USES THE MODIFIED ACCRUAL BASIS OF ACCOUNTING METHOD FOR TAX PURPOSES. UNDER THIS METHOD, REVENUES ARE RECOGNIZED IN THE PERIOD THEY BECOME AVAILABLE AND MEASURABLE. IN THE CASE OF THE ORGANIZATION, REVENUE IS DEFERRED ON PREPAID HOUSING FEES. |
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990 or 990-EZ) 2013
Additional Data
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