Gamma Gamma Properties Inc

Nonprofit profile at a glance

EIN
842164785
IRS 990-EZ coverage
2022–2024
Forms available
Form 990-EZ 2024
Location
Maineville, OH, USA
Phone
5023380665
Rating
33
Verdict
REVIEW
Rating confidence
Moderate
Sector
Recreational l Clubs

Reported finances

Revenue
$1,575
Expenses
$0
Assets
$52
Liabilities
$4,000

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • William Harr (President)

People named in this filing

  • William Harr (President)
  • William Harrington (Treasurer)
  • Rob Gehrum (Secretary)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To own or lease, maintain, and operate, without pecuniary profit, a lodge, suite, or fraternity house for the use of Gamma-Gamma Zeta of the Lambda Chi Alpha Fraternity, i.e., the Chapter, at the University of Cincinnati.

What it reported doing in 2024

Loan forgiveness of money received from Steve Alexander to help cover past attorney fees and deposition transcription fees in lawsuit against Lambda Realty Inc., which is the former housing corporation for the chapter. The lawsuit contended that funds should be turned over to Gamma Gamma Properties Inc. in serving the purpose of the organization as the current housing corporation.

Operating model

Revenue model
Donor-supported. 95% of the money available for current operations came from contributions and gifts.
Distribution model
No current program activity. The filing reports no program spending for the current year.

The verdict

REVIEW - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and liabilities are high compared with assets.

Rating breakdown

  • Financial Efficiency: 0
  • Transparency & Controls: 82
  • Sustainability: 0
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0%; rating input score 0
  • Program expense ratio: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: Limited
  • Total-asset coverage ratio: Limited
  • Liabilities to assets ratio: 76.92; rating input score 0; 0th percentile among comparable filings
  • Officer compensation ratio: Limited

Growth

  • Program expense growth: -109.9% per year; rating input score 0; 3rd percentile among comparable filings
  • Revenue growth: -34.7% per year; rating input score 0; 9th percentile among comparable filings
  • Asset growth: -136.7% per year; rating input score 0; 1st percentile among comparable filings

Details

  • Where the money goes: 0% of revenue deployed
  • Governance: Filed governance answers
  • Accomplishments: 2 filed program accomplishments
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 3 filing years from 2022 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Mission deployment rate scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 0/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.