Fraternity Housing Corporation
Housing for members of kappa alpha order
Fraternity Housing Corporation at a glance
- Total assets
- $6,637,807
- +35.0% vs 2024
- Revenue (2025)
- $3,097,697
- +1094.5% vs 2024
- Net investment income (2025)
- $49,543
- -19.3% vs 2024
- Expenses (2025)
- $3,196,812
- +375.5% vs 2024
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who Fraternity Housing Corporation funds
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2022, annual grant giving ranged from $13K (2019) to $216K (2022). In 2022 it reported $216K in grants paid, as a total without an itemized list.
Hatched bars: grants paid as reported on the IRS filing, which lists no individual grants for that year.
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $6,637,807 | $3,097,697 | $3,196,812 | — | — | $49,543 |
| 2024 | $4,915,240 | $259,338 | $672,237 | — | — | $61,361 |
| 2023 | $4,569,081 | $941,351 | $732,040 | — | — | $775,410 |
| 2022 | $5,856,311 | $1,522,465 | $490,222 | $215,997 | Total only | $1,500,503 |
| 2021 | $5,512,856 | $116,611 | $221,467 | — | — | $410 |
| 2020 | $5,105,273 | $135,833 | $225,289 | — | — | $993 |
| 2019 | $5,139,537 | $286,202 | $199,978 | $12,616 | 1 | $5,124 |
"Total only": grants paid as reported on the IRS filing, which lists no individual grants for that year.
About Fraternity Housing Corporation
Based on IRS filings
Fraternity Housing Corporation is a public charity, based in Lexington, VA. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $6.6M in total assets. Net investment income was $50K.
Leadership & Key People
Officers and directors from IRS filings
Fraternity Housing Corporation is led by Larry Stanton Wiese, President since 2023 (on filings since 2019); 1 of 8 officers listed in 2025 is compensated.
Officers on the 2025 filing
Larry Stanton Wiese
President
Secretary & Treasurer → President, 2023
On filings since 2019
1 hr/week
$21K (2019) → $30K (2025)
King V. Aiken Jr.
Chairman
Director → Vice President, 2021
Vice President → Chairman, 2023
On filings since 2019
No compensation reported
H. David Pinson
Director
New on the 2025 filing
No compensation reported
Matthew R. Hollomon
Director
New on the 2025 filing
No compensation reported
Todd Reaves
Director
New on the 2025 filing
No compensation reported
David T. Martineau V
Treasurer
Director → Secretary, 2023
Secretary → Treasurer, 2025
On filings since 2019
No compensation reported
L. Blair Bailey
Vice Chairman
Director → Vice Chairman, 2025
On filings since 2019
No compensation reported
Robert H. Wall
Secretary
Director → Secretary, 2025
On filings since 2023
No compensation reported
Former officers (6)
- Former: James M. Schmuck (2019–2024) — Vice Chairman
- Former: Malcolm H. Liles (2020–2024) — Treasurer
- Former: Derick S. Close (2023–2024) — Director
- Former: C. Douglas Simmons III (2019–2022) — President
- Former: Stephen J. Lafollette (2021–2022) — Director
- Former: David P. Barksdale (2019–2020) — Vice President
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $30K, to Larry Stanton Wiese (President).
Frequently asked questions about Fraternity Housing Corporation
How large is Fraternity Housing Corporation?
Fraternity Housing Corporation reported $6.6M in total assets on its 2025 IRS Form 990. Its revenue that year was $3.1M.
Where does Fraternity Housing Corporation operate?
Fraternity Housing Corporation has awarded grants in Texas.
What is Fraternity Housing Corporation's EIN?
Fraternity Housing Corporation's EIN (Employer Identification Number) is 58-0193363. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Added Form 990 for fiscal year 2019 (received by the IRS January 16, 2020)
- Updated Form 990 for fiscal year 2022 (received by the IRS May 15, 2023)
- Added Form 990 for fiscal year 2025 (received by the IRS May 11, 2026)
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Figures come from Fraternity Housing Corporation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
Fraternity Housing Corporation down — hundreds of funders to go?