GAMMA PSI HOUSE CORPORATION

EIN: 581024618

CUMMING, GA

Total Revenue
$973,937
Total Expenses
$2,577,076
Total Assets
$1,024,260
Net Assets
$-887,244
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1967
Legal Domicile
GA
Principal Officer
HOWELL REDDECK
Phone
4045833388
Tax Period
2024-07-01 to 2025-06-30

GAMMA PSI HOUSE CORPORATION, founded in 1967, is a small nonprofit that reported $974K in total revenue in fiscal year 2024. Revenue surged 500% from the prior year, signaling strong growth momentum. Expenses of $2.6M exceeded revenue, resulting in a 165% operating deficit.

Mission

THIS CORPORATION OWNS THE FRATERNITY HOUSE STRUCTURE AND THE LAND ON WHICH THE HOUSE SETTLES, AND MANAGES IT TO THE BENEFIT OF THE UNDERGRADUATE MEMBERS OF THE GAMMA PSI CHAPTER OF THE DELTA TAU DELTA FRATERNITY. THE HOUSE IS RENTED TO THE CHAPTER WITH THE PROCEEDS USED TO MAINTAIN THE FACILITY AND PAY INSURANCE PREMIUMS AND PROPERTY TAXES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $960,361
Program Service Revenue $0
Investment Income $13,576
Other Revenue $0
TOTAL REVENUE $973,937

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $2,574,821
Other Expenses $2,577,076
TOTAL EXPENSES $2,577,076

Year-over-Year Comparison

2024 2023 Change
Revenue $973,937 $162,375 +5.0%
Expenses $2,577,076 $275,969 +8.3%
Net Income $-1,603,139 $-113,594 +13.1%
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

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Liquidity & Cash Position

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Governance

Voting Members
4
Independent Members
4
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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CODY JUNG BOARD MEMBER N/A
Director
$0 $0 $0
JEFF MCNABB BOARD MEMBER N/A
Director
$0 $0 $0
HOWELL REDDECK PRESIDENT OF N/A
Officer Director
$0 $0 $0
DANIEL CLIFFORD SECRETARY N/A
Officer
$0 $0 $0
JIM MAINOR TREASURER N/A
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 $973,937 $2,577,076 $1,024,260 $-1,603,139
2024 $162,375 $275,969 $1,315,895 $-113,594
2023 $406,184 $222,234 $829,238 $183,950
2022 $220,692 $163,799 $645,288 $56,893
2021 $157,929 $142,398 $588,395 $15,531
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