Sae Financial And Housing Corporation
- Assets
- $26.4m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 7
- Location
- Evanston, IL
- Founding
- 09/2002
- Data as of
- 06/2021
- EIN
- 36-4496831
Organization Overview
Sae Financial And Housing Corporation is located in Evanston, IL. The organization was established in 2002. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. As of 06/2021, Sae Financial And Housing Corporation employed 7 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Sae Financial And Housing Corporation is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 06/2021, Sae Financial And Housing Corporation generated $3.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.7%) each year. All expenses for the organization totaled $3.5m during the year ending 06/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO BUILD STRONG CHAPTERS THROUGH GREAT HOUSING; PROMOTE SAFE, COMPETITIVE AND AFFORDABLE FRATERNITY HOUSING THROUGH PROPERTY MANAGEMENT RESOURCES AND SERVICES; SUPPORT LOCAL HOUSE CORPORATIONS TO BECOME FINANCIALLY SOUND AND ITS VOLUNTEERS WELL TRAINED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO BUILD STRONG CHAPTERS THROUGH GREAT HOUSING; PROMOTE SAFE, COMPETITIVE AND AFFORDABLE FRATERNITY HOUSING THROUGH PROPERTY MANAGEMENT RESOURCES AND SERVICES; SUPPORT LOCAL HOUSE CORPORATIONS TO BECOME FINANCIALLY SOUND AND ITS VOLUNTEERS WELL TRAINED.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg Somers CEO | Officer | 40 | $97,224 |
Juan Faria Controller | Officer | 40 | $0 |
Mike Corelli Council Liai | Trustee | 2 | $0 |
Larry Jones President | Trustee | 10 | $0 |
Charlie Boyd Vice-Preside | Trustee | 2 | $0 |
Richard Lies Treasurer | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $43,773 |
| Government grants | $21,870 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $65,643 |
| Total Program Service Revenue | $3,217,403 |
| Investment income | $11,746 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$294,432 |
| 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 | $3,039,395 |
| 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. | $97,224 |
| Compensation of current officers, directors, key employees. | $97,224 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,042 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $443,845 |
| Fees for services: Legal | $60,478 |
| Fees for services: Accounting | $31,230 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $75,122 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $103,775 |
| Advertising and promotion | $0 |
| Office expenses | $25,932 |
| Information technology | $1,100 |
| Royalties | $0 |
| Occupancy | $785,402 |
| Travel | $44,621 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $691,736 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $937,477 |
| Insurance | $90,795 |
| All other expenses | $0 |
| Total functional expenses | $3,492,755 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $312,219 |
| Savings and temporary cash investments | $120,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $305,012 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $66,477 |
| Net Land, buildings, and equipment | $24,742,059 |
| Investments—publicly traded securities | $691,388 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $211,034 |
| Other assets | $0 |
| Total assets | $26,448,189 |
| Accounts payable and accrued expenses | $48,338 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $16,005,382 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $30,136 |
| Total liabilities | $16,083,856 |
| Net assets without donor restrictions | $10,364,333 |
| Net assets with donor restrictions | $0 |
| 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 | $26,448,189 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Sae Financial And Housing Corporation has recieved totaling $29,400.
| Awarding Organization | Amount |
|---|---|
Sigma Alpha Epsilon Foundation Evanston, IL PURPOSE: HOUSE LIBRARY GRANT | $29,400 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Northern School District Tr Nsdt Ashland, WI | $7,100,055 | $19,700,380 |
Plumbers & Steamfitters H & W Trust Iowa State Bank Ttee Des Moines, IA | $75,894,378 | $21,812,028 |
Kentucky Educational Development Corporation Ashland, KY | $6,070,827 | $11,298,796 |
Cristo Rey Network Chicago, IL | $14,102,009 | $11,695,592 |
City Colleges Of Chicago Foundation Chicago, IL | $22,678,364 | $14,327,610 |
Big Ten Academic Alliance Champaign, IL | $13,766,841 | $9,203,675 |
P E O Foundation Des Moines, IA | $140,487,423 | $16,863,604 |
Kidsmart Saint Louis, MO | $4,061,844 | $8,307,759 |
Northwest Foundation Inc Maryville, MO | $55,922,802 | $14,720,589 |
Holy Family Ministries Chicago, IL | $16,241,007 | $8,503,495 |
Middlebury Community Schools Employee Benefit Trust Middlebury, IN | $1,426,617 | $4,992,187 |
Drexel Funds Milwaukee, WI | $18,531,220 | $8,522,964 |