Fraternity Housing Corporation

  • Lexington, VA
  • Tax exemption issued: Sept. 2014
  • EIN: 58-0193363

Organization summary

Type of Nonprofit

Designated as a Corporations created to hold titles for property owned by another nonprofit.

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Organizations with gross receipts of less than $50,000 can file the form 990-N postcard filing, which doesn’t include financial details. All Form 990 data is from the IRS.

Fiscal Year Ending June
2025

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,097,697
Expenses
$3,196,812
Net Income
-$99,115
Net Assets
$938,366
Notable Sources of Revenue Percent of Total Revenue
Contributions $155,041
5.0%
Program Services $2,893,113
93.4%
Investment Income $48,634
1.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $909
0.0%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $29,500
0.9%
Professional Fundraising Fees $0
Other Salaries and Wages $115,367
3.6%
Assets/Debt
Total Assets $6,637,807
Total Liabilities $5,699,441
Net Assets $938,366
Compensation
Key Employees and Officers Compensation Related Other
Larry Stanton Wiese (President) $29,500 $407,691 $31,000
King V Aiken Jr (Chairman) $0 $0 $0
L Blair Bailey (Vice Chairman) $0 $0 $0
Matthew R Hollomon (Director) $0 $0 $0
H David Pinson (Director) $0 $0 $0
David T Martineau V (Treasurer) $0 $0 $0
Robert H Wall (Secretary) $0 $0 $0
Todd Reaves (Director) $0 $0 $0
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Document Links

990
Filed on May 11, 2026

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending June
2024

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$259,338
Expenses
$672,237
Net Income
-$412,899
Net Assets
$1,036,880
Notable Sources of Revenue Percent of Total Revenue
Contributions $6,718
2.6%
Program Services $436,791
> 100%
Investment Income $61,361
23.7%
Bond Proceeds $0
Royalties $0
Rental Property Income -$245,532
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $29,500
4.4%
Professional Fundraising Fees $0
Other Salaries and Wages $53,318
7.9%
Assets/Debt
Total Assets $4,915,240
Total Liabilities $3,878,360
Net Assets $1,036,880
Compensation
Key Employees and Officers Compensation Related Other
Larry Stanton Wiese (President) $29,500 $348,191 $23,000
King V Aiken Jr (Chairman) $0 $0 $0
James M Schmuck (Vice Chairman) $0 $0 $0
Derick S Close (Director) $0 $0 $0
L Blair Bailey (Director) $0 $0 $0
Malcolm H Liles (Treasurer) $0 $0 $0
David T Martineau V (Secretary) $0 $0 $0
Robert H Wall (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on May 15, 2025

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$941,351
Expenses
$732,040
Net Income
$209,311
Net Assets
$1,252,929
Notable Sources of Revenue Percent of Total Revenue
Contributions $55,991
5.9%
Program Services $302,067
32.1%
Investment Income $13,876
1.5%
Bond Proceeds $0
Royalties $0
Rental Property Income -$192,117
Net Fundraising $0
Sales of Assets $761,534
80.9%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $29,600
4.0%
Professional Fundraising Fees $0
Other Salaries and Wages $54,298
7.4%
Assets/Debt
Total Assets $4,569,081
Total Liabilities $3,316,152
Net Assets $1,252,929
Compensation
Key Employees and Officers Compensation Related Other
Larry Stanton Wiese (President) $29,600 $336,586 $22,500
King V Aiken Jr (Chairman) $0 $0 $0
James M Schmuck (Vice Chairman) $0 $0 $0
Derick S Close (Director) $0 $0 $0
L Blair Bailey (Director) $0 $0 $0
Malcolm H Liles (Treasurer) $0 $0 $0
David T Martineau V (Secretary) $0 $0 $0
Robert H Wall (Director) $0 $0 $0
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990
Filed on May 14, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,522,465
Expenses
$490,222
Net Income
$1,032,243
Net Assets
$1,043,776
Notable Sources of Revenue Percent of Total Revenue
Contributions $132,174
8.7%
Program Services $190,907
12.5%
Investment Income $88
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income -$301,119
Net Fundraising $0
Sales of Assets $1,500,415
98.6%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $29,600
6.0%
Professional Fundraising Fees $0
Other Salaries and Wages $47,151
9.6%
Assets/Debt
Total Assets $5,856,311
Total Liabilities $4,812,535
Net Assets $1,043,776
Compensation
Key Employees and Officers Compensation Related Other
Larry Stanton Wiese (Secretary/treasurer) $29,600 $325,759 $38,368
C Douglas Simmons Iii (President) $0 $0 $0
King V Aiken Jr (Vice President) $0 $0 $0
Stephen J Lafollette (Director) $0 $0 $0
L Blair Bailey (Director) $0 $0 $0
Malcolm H Liles (Director) $0 $0 $0
David T Martineau V (Director) $0 $0 $0
James M Schmuck (Director) $0 $0 $0
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990
Filed on May 15, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$116,611
Expenses
$221,467
Net Income
-$104,856
Net Assets
$13,104
Notable Sources of Revenue Percent of Total Revenue
Contributions $79,689
68.3%
Program Services $145,580
> 100%
Investment Income $410
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income -$109,068
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $29,500
13.3%
Professional Fundraising Fees $0
Other Salaries and Wages $32,143
14.5%
Assets/Debt
Total Assets $5,512,856
Total Liabilities $5,499,752
Net Assets $13,104
Compensation
Key Employees and Officers Compensation Related Other
Larry Stanton Wiese (Secretary/treasurer) $29,500 $318,946 $26,542
C Douglas Simmons Iii (President) $0 $0 $0
King V Aiken Jr (Vice President) $0 $0 $0
Stephen J Lafollette (Director) $0 $0 $0
L Blair Bailey (Director) $0 $0 $0
Malcolm H Liles (Director) $0 $0 $0
David T Martineau V (Director) $0 $0 $0
James M Schmuck (Director) $0 $0 $0
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990
Filed on April 4, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$135,833
Expenses
$225,289
Net Income
-$89,456
Net Assets
$205,928
Notable Sources of Revenue Percent of Total Revenue
Contributions $34,198
25.2%
Program Services $182,894
> 100%
Investment Income $993
0.7%
Bond Proceeds $0
Royalties $0
Rental Property Income -$82,252
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $29,500
13.1%
Professional Fundraising Fees $0
Other Salaries and Wages $33,968
15.1%
Assets/Debt
Total Assets $5,105,273
Total Liabilities $4,899,345
Net Assets $205,928
Compensation
Key Employees and Officers Compensation Related Other
Larry Stanton Wiese (Secretary/treasurer) $29,500 $292,498 $26,955
C Douglas Simmons Iii (President) $0 $0 $0
David P Barksdale (Vice President) $0 $0 $0
King V Aiken Jr (Director) $0 $0 $0
L Blair Bailey (Director) $0 $0 $0
Malcolm H Liles (Director) $0 $0 $0
David T Martineau V (Director) $0 $0 $0
James M Schmuck (Director) $0 $0 $0
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990
Filed on March 26, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$286,202
Expenses
$199,978
Net Income
$86,224
Net Assets
$295,384
Notable Sources of Revenue Percent of Total Revenue
Contributions $272,076
95.1%
Program Services $130,525
45.6%
Investment Income $3,780
1.3%
Bond Proceeds $0
Royalties $0
Rental Property Income -$121,523
Net Fundraising $0
Sales of Assets $1,344
0.5%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $21,123
10.6%
Professional Fundraising Fees $0
Other Salaries and Wages $30,456
15.2%
Assets/Debt
Total Assets $5,139,537
Total Liabilities $4,844,153
Net Assets $295,384
Compensation
Key Employees and Officers Compensation Related Other
Larry Stanton Wiese (Secretary/treasurer) $21,123 $291,519 $25,017
C Douglas Simmons Iii (President) $0 $0 $0
David P Barksdale (Vice President) $0 $0 $0
King V Aiken Jr (Director) $0 $0 $0
L Blair Bailey (Director) $0 $0 $0
- (Director) $0 $0 $0
David T Martineau V (Director) $0 $0 $0
James M Schmuck (Director) $0 $0 $0
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990
Filed on Jan. 16, 2020

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$408,839
Expenses
$212,582
Net Income
$196,257
Net Assets
$208,182
Notable Sources of Revenue Percent of Total Revenue
Contributions $413,597
> 100%
Program Services $106,150
26.0%
Investment Income $3,968
1.0%
Bond Proceeds $0
Royalties $0
Rental Property Income -$99,663
Net Fundraising $0
Sales of Assets -$15,213
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $25,420
12.0%
Professional Fundraising Fees $7,785
3.7%
Other Salaries and Wages $19,211
9.0%
Assets/Debt
Total Assets $4,816,215
Total Liabilities $4,608,033
Net Assets $208,182
Compensation
Key Employees and Officers Compensation Related Other
Larry Stanton Wiese (Secretary/treasurer) $25,420 $269,213 $23,275
Darren S Kay (President) $0 $0 $0
C Douglas Simmons Iii (Vice President) $0 $0 $0
King V Aiken Jr (Director) $0 $0 $0
L Blair Bailey (Director) $0 $0 $0
David P Barksdale (Director) $0 $0 $0
Sam O Leake Jr (Director) $0 $0 $0
James M Schmuck (Director) $0 $0 $0
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990
Filed on Dec. 5, 2018

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$63,086
Expenses
$143,315
Net Income
-$80,229
Net Assets
$10,203
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $139,513
> 100%
Investment Income $6,218
9.9%
Bond Proceeds $0
Royalties $0
Rental Property Income -$98,806
Net Fundraising $0
Sales of Assets $16,161
25.6%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $5,107,451
Total Liabilities $5,097,248
Net Assets $10,203
Compensation
Key Employees and Officers Compensation Related Other
Darren S Kay (President) $0 $0 $0
C Douglas Simmons Iii (Vice President) $0 $0 $0
King V Aiken Jr (Director) $0 $0 $0
L Blair Bailey (Director) $0 $0 $0
David P Barksdale (Director) $0 $0 $0
Sam O Leake Jr (Director) $0 $0 $0
James M Schmuck (Director) $0 $0 $0
Larry Stanton Wiese (Secretary/treasurer) $0 $280,770 $22,358
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990
Filed on Dec. 15, 2017

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$62,073
Expenses
$295,777
Net Income
-$233,704
Net Assets
$93,797
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $145,275
> 100%
Investment Income $7,799
12.6%
Bond Proceeds $0
Royalties $0
Rental Property Income -$94,246
Net Fundraising $0
Sales of Assets $1,447
2.3%
Net Inventory Sales $0
Other Revenue $1,798
2.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $4,463,934
Total Liabilities $4,370,137
Net Assets $93,797
Compensation
Key Employees and Officers Compensation Related Other
Darren S Kay (President) $0 $0 $0
C Douglas Simmons Iii (Vice President) $0 $0 $0
King V Aiken Jr (Director) $0 $0 $0
L Blair Bailey (Director) $0 $0 $0
David P Barksdale (Director) $0 $0 $0
Sam O Leake Jr (Director) $0 $0 $0
James M Schmuck (Director) $0 $0 $0
Larry Stanton Wiese (Secretary/treasurer) $0 $268,272 $21,105
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990
Filed on Jan. 16, 2017

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$149,602
Expenses
$153,234
Net Income
-$3,632
Net Assets
$336,069
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $138,488
92.6%
Investment Income $14,476
9.7%
Bond Proceeds $0
Royalties $0
Rental Property Income -$4,953
Net Fundraising $0
Sales of Assets $1,243
0.8%
Net Inventory Sales $0
Other Revenue $348
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $3,784,912
Total Liabilities $3,448,843
Net Assets $336,069
Compensation
Key Employees and Officers Compensation Related Other
William E Dreyer (President) $0 $0 $0
Darren S Kay (Director) $0 $0 $0
King V Aiken Jr (Director) $0 $0 $0
L Blair Bailey (Director) $0 $0 $0
David P Barksdale (Director) $0 $0 $0
Sam O Leake Jr (Director) $0 $0 $0
C Douglas Simmons Iii (Director) $0 $0 $0
Larry Stanton Wiese (Secretary/treasurer) $0 $261,020 $18,369
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990
Filed on Jan. 26, 2016

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$87,219
Expenses
$137,239
Net Income
-$50,020
Net Assets
$349,036
Notable Sources of Revenue Percent of Total Revenue
Contributions $40,241
46.1%
Program Services $134,650
> 100%
Investment Income $14,624
16.8%
Bond Proceeds $0
Royalties $0
Rental Property Income -$101,288
Net Fundraising $0
Sales of Assets -$1,008
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $3,710,257
Total Liabilities $3,361,221
Net Assets $349,036
Compensation
Key Employees and Officers Compensation Related Other
William E Dreyer (President) $0 $0 $0
Darren S Kay (Director) $0 $0 $0
King V Aiken Jr (Director) $0 $0 $0
L Blair Bailey (Director) $0 $0 $0
David P Barksdale (Director) $0 $0 $0
Sam O Leake Jr (Director) $0 $0 $0
C Douglas Simmons Iii (Director) $0 $0 $0
Larry Stanton Wiese (Secretary/treasurer) $0 $248,916 $31,053
+ View more people

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990
Filed on Feb. 4, 2015

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains financial information from tax returns processed by the IRS since the 2012 calendar years, as well as data extracted from digital filings. IRS summary data also includes limited older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits for nonprofit organizations that spent $750,000 or more in federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Most organizations that have been recognized as tax exempt by the IRS have to file the Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file the Form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard," which does not contain financial details. Churches are not required to file Form 990.

Nonprofit Explorer has organizations that are claiming tax exemption in any of the 27 subsections of the 501(c) section of the tax code. Taxable trusts and private foundations that are required to file a form 990PF are also included.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes Employer Identification Numbers and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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About Nonprofit Explorer

Nonprofit Explorer

Browse millions of annual returns filed by tax-exempt organizations with ProPublica’s Nonprofit Explorer. See details like executive compensation, revenue, expenses and more. Search for an organization or a person, or search the full text of filings.

By Andrea Suozzo, Alec Glassford, Ash Ngu and Brandon Roberts.

Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

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