House Corporation of the Beta Omicron Chapter of Alpha Sigma Phi
Nonprofit profile at a glance
- EIN
- 451599359
- IRS 990 coverage
- 2020–2025
- Forms available
- Form 990 2025
- Location
- Noblesville, IN, USA
- Phone
- 5172624118
- Rating
- 46
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Recreational l Clubs
Reported finances
- Revenue
- $192,145
- Expenses
- $69,993
- Assets
- $1,076,543
- Liabilities
- $77,691
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
9 people listed
Executive titles in this filing
- Paul Ruegamer (CEO)
People named in this filing
- Paul Ruegamer (CEO)
- Jim Bour (Secretary)
- Terry Carter (Trustee)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To own and operate as the landlord of a college fraternity house. To raise money from donations and rent to pay off the mortgage.
What it reported doing in 2025
Raising money from alumni members of the corporation. A major funraising campaign was started in 2025 to retire our mortgage debt. There was no specific or formal fundraising event where alumni assembled for the purpose of raising funds but a series of email and phone calls by our Fundraising Team consisting of fraternity brothers who went to Trine University and lived in the House in different eras.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
MIXED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 0
- Transparency & Controls: 92
- Accountability: 64
- Sustainability: 82
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 0%; rating input score 0
- Program expense ratio: 0%; rating input score 0
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 1 of 7 controls in place; rating input score 14
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 63.6%; rating input score 94; 94th percentile among comparable filings
- Total-asset coverage ratio: 15.38; rating input score 93; 93rd percentile among comparable filings
- Liabilities to assets ratio: 0.07; rating input score 25; 25th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 67; 67th percentile among comparable filings
Growth
- Program expense growth: -85.7% per year; rating input score 0; 1st percentile among comparable filings
- Revenue growth: 5.4% per year; rating input score 100; 50th percentile among comparable filings
- Asset growth: -1.9% per year; rating input score 0; 16th percentile among comparable filings
Details
- Where the money goes: 0% of revenue deployed · 0% of spending went to programs
- Governance: 8 of 8 board members independent · 1 of 7 filing controls reported
- Programs: 3 filed program accomplishments · $842 in reported program spending
- Leadership: top reported pay $0 · 9 people listed
- Consistency: 11 of 12 current checks pass · 1 finding to review
- Schedules: 4 filed schedules · includes major donors
- Filing history: 6 filing years from 2020 to 2025
- Contacts: How to reach this organization
- Related organizations: 1 filed related-organization link
- 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.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- High — Financial Efficiency: Mission deployment rate scored 0/100.
- High — Financial Efficiency: Program expense ratio scored 0/100.
- High — Accountability: Governance controls: 5 of 6 not reported.
- Moderate — Transparency & Controls: Functional expense sum did not reconcile in the filed values.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 25/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.