ARETE HOUSING CORPORATION

EIN: 237127762

BOCA RATON, FL

Total Revenue
$102,415
Total Expenses
$105,228
Total Assets
$187,674
Net Assets
$107,986
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1989
Legal Domicile
FL
Tax Period
2022-01-01 to 2022-12-31

ARETE HOUSING CORPORATION, founded in 1989, is a small nonprofit that reported $102K in total revenue in fiscal year 2022.

Mission

THE MISSION OF ARETE HOUSING CORPORATION IS TO PROVIDE HOUSING FOR STUDENTS WHO ARE MEMBERS OF PHI DELTA THETA FRATERNITY. TO THIS END THE MISSION OF PROVIDING HOUSING AND RECREATIONAL FACILITIES WAS ACCOMPLISHED.

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Trantor Score

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

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

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $0
Other Revenue $102,415
TOTAL REVENUE $102,415

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $105,228
Other Expenses $105,228
TOTAL EXPENSES $105,228

Year-over-Year Comparison

2022 2021 Change
Revenue $102,415 N/A N/A
Expenses $105,228 N/A N/A
Net Income $-2,813 N/A N/A
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

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

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Governance

Voting Members
7
Independent Members
7
Employees
N/A
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
4
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHAD KELLY TREASURER 0.00
Officer Director
$0 $0 $0
JOHN NELIS SECRATARY 5.00
Officer Director
$0 $0 $0
MIKE FIMIANI PRESIDENT 15.00
Officer Director
$0 $0 $0
TYLER GARRY VICE PRESIDENT 5.00
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
2022 $102,415 $105,228 $187,674 $-2,813
2021 $143,493 $119,076 $207,875 $24,417
2020 $132,165 $122,199 $147,129 $9,966
2019 $112,856 $72,701 $155,986 $40,155
2018 $116,906 $59,472 $134,184 $57,434
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