Richmond Property Group Ltd
- Assets
- $30.8m
- Revenue
- $4.3m
- Investments
- $0.0
- Employees
- 8
- Location
- Indianapolis, IN
- Founding
- 06/2002
- Data as of
- 08/2023
- EIN
- 35-2157002
Organization Overview
Richmond Property Group Ltd is located in Indianapolis, IN. The organization was established in 2002. According to its NTEE Classification (B83) the organization is classified as: Student Sororities & Fraternities, under the broad grouping of Education and related organizations. As of 08/2023, Richmond Property Group Ltd employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Richmond Property Group Ltd is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 08/2023, Richmond Property Group Ltd generated $4.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (4.5%) each year. All expenses for the organization totaled $3.4m during the year ending 08/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
ADVANCEMENT OF THE SOCIAL AND RECREATIONAL PROGRAMS OF ALPHA TAU OMEGA FRATERNITY, INC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CORPORATION PROVIDES STUDENT HOUSING RESOURCES AND SOCIAL, EDUCATIONAL, AND FRATERNAL PROGRAMMING TO AND FOR CHAPTERS AND HOUSE CORPORATIONS OF ALPHA TAU OMEGA FRATERNITY, INC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Will Gooden Director | Trustee | 1 | $0 |
Scott O'halloran Director | Trustee | 1 | $0 |
Mike Semler Director | Trustee | 1 | $0 |
Dave Krug Director | Trustee | 1 | $0 |
Chad Matesi Director | Trustee | 1 | $0 |
Wynn Smiley CEO | Officer | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cypress Customs Llc Construction | 8/30/23 | $260,447 |
Upper Crust Food Service Llc Food Service | 8/30/23 | $257,553 |
Roca Construction & Consulting Construction | 8/30/23 | $252,988 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $690,365 |
| Noncash contributions included in lines 1a–1f | $668,405 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $690,365 |
| Total Program Service Revenue | $3,569,744 |
| Investment income | $21,702 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$879 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,329,116 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $181,578 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $280,106 |
| Pension plan accruals and contributions | $15,923 |
| Other employee benefits | $33,043 |
| Payroll taxes | $42,733 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,697 |
| Fees for services: Accounting | $18,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $6,780 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $533,655 |
| Travel | $25,912 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $133,303 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $631,533 |
| Insurance | $737,882 |
| All other expenses | -$227,196 |
| Total functional expenses | $3,360,643 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $684,815 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,283,028 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $342,301 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $14,263 |
| Net Land, buildings, and equipment | $26,423,294 |
| Investments—publicly traded securities | $1,845,795 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $56,925 |
| Other assets | $114,684 |
| Total assets | $30,765,105 |
| Accounts payable and accrued expenses | $484,058 |
| Grants payable | $0 |
| Deferred revenue | $1,151,722 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $10,522,966 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $12,158,746 |
| Net assets without donor restrictions | $18,093,250 |
| Net assets with donor restrictions | $513,109 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $30,765,105 |