Gamma Eta Mansion Corporation
- Assets
- $998.9k
- Revenue
- $19.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Tallahassee, FL
- Founding
- 10/2018
- Data as of
- 12/2023
- EIN
- 59-3569843
Organization Overview
Gamma Eta Mansion Corporation is located in Tallahassee, FL. The organization was established in 2018. According to its NTEE Classification (S47) the organization is classified as: Real Estate Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gamma Eta Mansion Corporation is a 501(c)(2) and as such, is described as a "Title Holding Corporation for an Exempt Organization" by the IRS.
For the year ending 12/2023, Gamma Eta Mansion Corporation generated $19.7k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.5% each year.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
HOLD TITLE TO A FRATERNITY HOUSE AT FLORIDA STATE UNIVERSITY, COLLECT RENT THEREFROM, AND TURNING OVER THE ENTIRE AMOUNT, LESS EXPENSES, TO THE NATIONAL ORGANIZATION OF THE KAPPA ALPHA ORDER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE GAMMA ETA MANSION CORPORATION HOLDS TITLE TO A FRATERNITY HOUSE ON THE CAMPUS OF FLORIDA STATE UNIVERSITY. THE PROPERTY IS OPERATED FOR THE BENEFIT OF THE GAMMA ETA CHAPTER OF THE KAPPA ALPHA ORDER, A NATIONAL COLLEGIATE SOCIAL FRATERNITY THAT IS TAX EXEMPT UNDER IRS SECTION 501(C)(7). THE CORPORATION COLLECTS RENT, PAYS THE MORTGAGE ON THE PROPERTY, INSURANCE AND REPAIRS AND MAINTENANCE. THE COPRORATION CONDUCTS NO OTHER ACTIVITIES AND ANY RESIDUAL NET ASSETS INNURE ONLY TO THE BENEFIT OF THE GAMMA ETA CHAPTER OF KAPPA ALPHA ORDER AND IN ITS ABSENCE, TO THE NATIONAL FRATERNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John A Yearty President | OfficerTrustee | 1 | $0 |
Edward Murray Vice President | OfficerTrustee | 0.5 | $0 |
Dewitt Miller Treasurer | OfficerTrustee | 1 | $0 |
James L Yearty Director | Trustee | 0.5 | $0 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $369 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $19,352 |
| 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 | $19,721 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| 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 | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $0 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $39,576 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $959,319 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $998,895 |
| Accounts payable and accrued expenses | $0 |
| 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 | $117,732 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $117,732 |
| Net assets without donor restrictions | $0 |
| 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 | $24,181 |
| Retained earnings, endowment, accumulated income, or other funds | $856,982 |
| Total liabilities and net assets/fund balances | $998,895 |