THE NEW SIGMA PI ALUMNI HOUSING CO… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1984

Legal Domicile

Principal Officer

FRANK POSTMA

Phone

4018742557

Tax Period

2023-08-01 to 2024-07-31

THE NEW SIGMA PI ALUMNI HOUSING CORPORATION INC, founded in 1984, is a small nonprofit that reported $559K in total revenue in fiscal year 2023. Revenue surged 26% from the prior year, signaling strong growth momentum.

Mission

PROVIDE HOUSING, MEALS AND THE OPPORTUNITY TO PARTICIPATE IN UNIVERSITY RELATED ACTIVITY TO ANYONE WHO IS A QUALIFIED STUDENT AT THE UNIVERSITY OF RHODE ISLAND AND WANTS TO RESIDE AT THE FRATERNITY HOUSE.

Program Service Accomplishments

Program 1

Expenses: $438,443 Revenue: $558,785

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $558,785

Investment Income $0

Other Revenue $0

TOTAL REVENUE $558,785

Expense Breakdown

Grants Paid $0

Salaries & Benefits $61,968

Fundraising Expenses $0

Program Expenses $438,443

Other Expenses $524,971

TOTAL EXPENSES $586,939

Year-over-Year Comparison

	2023	2022	Change
Revenue	$558,785	$443,403	+0.3%
Expenses	$586,939	$397,510	+0.5%
Net Income	$-28,154	$45,893	-1.6%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS DOLAN	SECRETARY	2.00	Officer Director	$0	$0	$0
MARIO GRANDE	TREASURER	2.00	Officer Director	$0	$0	$0
FRANK POSTMA	PRESIDENT	2.00	Officer Director	$0	$0	$0
GEORGE B SMITH	VICE PRESIDE	2.00	Officer Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$558,785	$586,939	$956,362	$-28,154
2023	$443,383	$439,580	$870,570	$3,803
2022	$497,002	$326,604	$844,375	$170,398
2021	$179,945	$304,486	$725,061	$-124,541
2020	$343,505	$327,770	$875,913	$15,735
2019	$383,418	$318,786	$622,930	$64,632
2018	$290,120	$301,672	$461,034	$-11,552

THE NEW SIGMA PI ALUMNI HOUSING CORPORATION INC