GAMMA NU HOUSE ASSOCIATION INC

EIN: 381910646

Novi, MI

Total Revenue
$432,642
Total Expenses
$340,020
Total Assets
$553,285
Net Assets
$-486,908
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1932
Legal Domicile
MI
Principal Officer
Michael Simonte
Phone
3136714175
Tax Period
2025-01-01 to 2025-12-31

GAMMA NU HOUSE ASSOCIATION INC, founded in 1932, is a small nonprofit that reported $433K in total revenue in fiscal year 2025. Revenue fell 27% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $93K, a strong 21% operating margin.

Mission

Gamma Nu House Association, Inc. (Gamma Nu) exists to promote literacy, scientific education and the development of fellowship among members. Gamma Nu maintains a historic home in Ann Arbor, Michigan, which is home 20 or more students at the University of Michigan on an annual basis. Primary funding sources are gifts contributed by alumni members and rent paid by residents. All of our expenses (and all of our time) are dedicated to the purposes noted above, which includes the maintenance and upkeep of the home and related membership events and activities (including scholarships).

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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 (2025)

Revenue Breakdown

Contributions & Grants $159,533
Program Service Revenue $0
Investment Income $1,262
Other Revenue $271,847
TOTAL REVENUE $432,642

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $0
Other Expenses $294,344
TOTAL EXPENSES $340,020

Year-over-Year Comparison

2025 2024 Change
Revenue $432,642 $589,222 -0.3%
Expenses $340,020 $393,921 -0.1%
Net Income $92,622 $195,301 -0.5%
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

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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
N/A
Employees
N/A
Volunteers
20

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
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Mark Brown President 4
Officer
$0 $0 $0
Michael Simonte Treasurer 8
Officer
$0 $0 $0
Paul Kissinger VP House Maintenance 8
Officer
$0 $0 $0
Jon Lewis Secretary 1
Officer
$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
2025 $432,642 $340,020 $553,285 $92,622
2024 $589,222 $393,921 $513,458 $195,301
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