The Gamma Eta Mansion Corporation

Nonprofit profile at a glance

EIN
593569843
IRS 990 coverage
2020–2024
Forms available
Form 990 2024
Location
Tallahassee, FL, USA
Phone
8506681637
Rating
41
Verdict
MIXED
Rating confidence
Moderate
Sector
Real Estate Associations

Reported finances

Revenue
$39,356
Expenses
$0
Assets
$973,754
Liabilities
$53,235

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

Leadership & pay

4 people listed

Executive titles in this filing

  • JOHN A YEARTY (PRESIDENT)
  • EDWARD MURRAY (VICE PRESIDENT)

People named in this filing

  • JOHN A YEARTY (PRESIDENT)
  • EDWARD MURRAY (VICE PRESIDENT)
  • DEWITT MILLER (TREASURER)

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 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The 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 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 corporation 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.

What it reported doing in 2024

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.

Operating model

Revenue model
Other-operating. 97% of the money available for current operations came from other operating revenue.
Distribution model
No current program activity. The filing reports no program spending for the current year.

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 some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 0
  • Transparency & Controls: 90
  • Accountability: 70
  • Sustainability: 2
  • Growth: 0

Detailed rating inputs

Financial Efficiency

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

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 2 of 7 controls in place; rating input score 29
    • 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: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: Limited
  • Total-asset coverage ratio: Limited
  • Liabilities to assets ratio: 0.05; rating input score 21; 21st percentile among comparable filings
  • Officer compensation ratio: Limited

Growth

  • Program expense growth: Limited
  • Revenue growth: -0.5% per year; rating input score 0; 58th percentile among comparable filings
  • Asset growth: -2.6% per year; rating input score 0; 28th percentile among comparable filings

Details

  • Where the money goes: 0% of revenue deployed
  • Governance: 3 of 3 board members independent · 2 of 7 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 11 of 11 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 5 filing years from 2020 to 2024
  • Contacts: How to reach this organization
  • 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 — Accountability: Governance controls: 4 of 6 not reported.
  • High — Sustainability: Liabilities to assets ratio scored 21/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.