Gamma Lambda Housing Corporation
Nonprofit profile at a glance
- EIN
- 204784380
- IRS 990-EZ coverage
- 2010–2010
- Forms available
- Form 990-EZ 2010
- Location
- Commerce Township, MI, USA
- Phone
- 2486859615
- Rating
- 84
- Verdict
- STRONG
- Rating confidence
- Limited
Reported finances
- Revenue
- $38,420
- Expenses
- $49,057
- Assets
- $14,333
Source: IRS Form 990-EZ. Selected filing: tax year 2010. Amounts in USD.
Leadership & pay
4 people listed
Source: IRS Form 990-EZ. Selected filing: tax year 2010. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
We currently lease and sub-lease to members a fraternity house near the campus of Central Michigan University. Providing housing among both fraternity and sororities withing the designated area for Greeks allows for fraternal and philathropic activies, including those to support the Hole in the Wall Camps for critically ill children which is our National Philantrophy.
What it reported doing in 2010
Provide Housing opportunities for 14 of the members of the Phi Kappa Tau Fraternity, provide location for social, fraternal and philathropic effort of all 40+ members. Also includes maintenance and repair equipment and premises at 906 South Main.
Operating model
- Revenue model
- Other-operating. 98% of the money available for current operations came from other operating revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 100
- Transparency & Controls: 82
- Sustainability: 15
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 99.4%; rating input score 99
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 50th percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -27.7%; rating input score 18; 18th percentile among comparable filings
- Total-asset coverage ratio: 0.29; rating input score 21; 21st percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: Limited
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 100% of revenue deployed · 99.4% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $49K in reported program spending
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 2 filed schedules
- 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 — Sustainability: Operating margin scored 18/100.
- High — Sustainability: Total-asset coverage ratio scored 21/100.