Civic Intelligence

Lambda House Inc

990 • Fiscal year 2023 • EIN 31-0950016

Jun 01, 2022 to May 31, 2023 • Filed on Jul 10, 2023

Organization ProfileWWW.LAMBDAHOUSE.ORG
PO Box 1072Angola, IN 46703

(571) 239-2101

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

79th percentile

0.52x

Higher debt load relative to assets than 79% of similar nonprofits.

2023 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

86th percentile

1.66x

Higher debt load relative to revenue than 86% of similar nonprofits.

2023 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2023

Net Margin

82nd percentile

22%

Higher net margin than 82% of similar nonprofits.

2023 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

80th percentile

$0

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2023 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2023

Asset Growth

16th percentile

-5.0%

Faster asset growth than 16% of similar nonprofits.

2023 filings • 501(c)7 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

30th percentile

0.3%

Faster revenue growth than 30% of similar nonprofits.

2023 filings • 501(c)7 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets79th percentile

Assets

Down

$1,032,434

Down $54,161 (-5.0%) from 2022

Net Assets

Up

$496,790

Up $72,112 (+17%) from 2022

Liabilities

Down

$535,644

Down $126,273 (-19%) from 2022

Revenue And Expenses
Liabilities / Revenue86th percentileNet Margin82nd percentile

Revenue

Up

$323,120

Up $849 (+0.3%) from 2022

Expenses

Up

$251,081

Up $36,649 (+17%) from 2022

Net Income

Down

$72,039

Down $35,800 (-33%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth16th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0Assets 2013: $1,359,311Liabilities 2013: $1,231,744Net Assets 2013: $127,5672013Assets 2014: $1,334,160Liabilities 2014: $1,191,244Net Assets 2014: $142,9162014Assets 2015: $1,321,007Liabilities 2015: $1,150,495Net Assets 2015: $170,5122015Assets 2016: $1,274,994Liabilities 2016: $1,039,962Net Assets 2016: $235,0322016Assets 2017: $1,270,432Liabilities 2017: $1,195,954Net Assets 2017: $74,4782017Assets 2018: $1,277,647Liabilities 2018: $892,455Net Assets 2018: $385,1922018Assets 2019: $1,155,084Liabilities 2019: $976,629Net Assets 2019: $178,4552019Assets 2020: $1,090,356Liabilities 2020: $881,813Net Assets 2020: $208,5432020Assets 2021: $1,108,492Liabilities 2021: $791,695Net Assets 2021: $316,7972021Assets 2022: $1,086,595Liabilities 2022: $661,917Net Assets 2022: $424,6782022Assets 2023: $1,032,434Liabilities 2023: $535,644Net Assets 2023: $496,7902023Assets 2024: $1,014,796Liabilities 2024: $419,443Net Assets 2024: $595,3532024Assets 2025: $1,009,526Liabilities 2025: $311,146Net Assets 2025: $698,3802025

Highlighted filing

2023

Assets$1,032,434
Liabilities$535,644
Net Assets$496,790
Open 2023 Filing

Operations Trend

Revenue Growth30th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KExpenses 2013: $128,6022013Revenue 2014: $152,211Expenses 2014: $136,862Net Income 2014: $15,3492014Revenue 2015: $162,056Expenses 2015: $134,460Net Income 2015: $27,5962015Revenue 2016: $201,848Expenses 2016: $137,328Net Income 2016: $64,5202016Revenue 2017: $187,524Expenses 2017: $150,905Net Income 2017: $36,6192017Revenue 2018: $317,800Expenses 2018: $249,280Net Income 2018: $68,5202018Revenue 2019: $282,000Expenses 2019: $439,279Net Income 2019: -$157,2792019Revenue 2020: $255,898Expenses 2020: $225,810Net Income 2020: $30,0882020Revenue 2021: $299,769Expenses 2021: $191,515Net Income 2021: $108,2542021Revenue 2022: $322,271Expenses 2022: $214,432Net Income 2022: $107,8392022Revenue 2023: $323,120Expenses 2023: $251,081Net Income 2023: $72,0392023Revenue 2024: $320,399Expenses 2024: $221,867Net Income 2024: $98,5322024Revenue 2025: $326,971Expenses 2025: $224,195Net Income 2025: $102,7762025

Highlighted filing

2023

Revenue$323,120
Expenses$251,081
Net Income$72,039
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jun 1, 2022 to May 31, 2023
Signed
Jul 10, 2023
Return Version
2022v5.0
Gross Receipts
$346,719
Mission and Program Overview

Mission

To promote and encourage activities of the indiana theta chapter of sigma phi epsilon fraternity.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$942,968$909,270▼ $33,698
Rtn Earn Endowment Incm Other Fnds$424,678$496,790▲ $72,112
Savings and Temporary Cash Investments$104,863$71,953▼ $32,910
Investments in Publicly Traded Securities$1,545$22,537▲ $20,992
Cash and Non-Interest-Bearing Accounts$34,791$18,315▼ $16,476
Prepaid Expenses and Deferred Charges-$8,325-
Intangible Assets$2,428$2,034▼ $394
Total Assets$1,086,595$1,032,434▼ $54,161
Liabilities
Mortgage Notes Payable Secured by Investment Property$661,122$535,227▼ $125,895
Other Liabilities$513--
Accounts Payable and Accrued Expenses$282$417▲ $135
Total Liabilities$661,917$535,644▼ $126,273
Net Assets / Fund Balance
Total Net Assets Fund Balance$424,678$496,790▲ $72,112
Total Liabilities and Net Assets / Fund Balance$1,086,595$1,032,434▼ $54,161

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$831,020$483,215$1,314,235
Land$78,250-$78,250
Equipment-$56,630$56,630
Compensation and Service Providers
Top Officer Pay80th percentile

Board Members and Trustees

NameTitle
Rick HooverPresident
Ron ShipleyVice President
Jim StumpMember at Large
Ross KirktonMember at Large
Dave GrossSecretary
Greg DragooTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$35,715
Program Service Revenue
$275,022
Investment Income
$1,480
Other Revenue
$10,903
All Other Contributions
$35,715
Change in Net Assets
$72,039
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$130,902
Grants and Similar Amounts Paid$100,438
Salaries, Compensation, and Employee Benefits$19,741
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$100,438--$100,438
Occupancy$72,724--$72,724
Depreciation Depletion$34,092--$34,092
Other Salaries and Wages$18,045--$18,045
Conferences and Meetings$12,806--$12,806
Fees for Services Other$9,975--$9,975
Payroll Taxes$1,696--$1,696
Office Expenses$553$237-$790
Fees for Services Accounting$258$257-$515
Total Functional Expenses$250,587$494$0$251,081
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
In Theta Chapter of Sigma Phi EpsilAngola, IN501c7Supoort of Active Fraternity Chapter$100,438
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Teresa K DragooSpouse of Gregory DragooAccounting and Tax Preparation ServicesNo$950
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
No
Business relationship with family members
Yes
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Members or stockholder classes and rights Part VI line 6

“Upon graduation active members of indiana theta chapter of sigma phi epsilon fraternity are automatic members of lambda house.”

Member election for additional members Part VI line 7A

“Members attending the annual meeting elect board members. The board members choose the office holders.”

Governing body decisions Part VI line 7B

“Except for a change in by-laws that require member approval, no board governing body decisions need approval from members.”

Form 990 governing body review Part VI line 11

“Reviewed by board prior to filing.”

Governing documents etc available to public Part VI line 19

“Tax documents are available on the irs website (https://apps.irs.gov/app/eos/).”

Filing and Contact Details

Filer

Filer Name
Lambda House Inc
EIN
31-0950016
Address
PO BOX 1072, ANGOLA, IN 46703

Signing Officer

Name
Rick Hoover
Title
President
Phone
6302485050
Signed
2023-07-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rick Hoover
Formed
1974
Legal Domicile
In
Voting Board Members
6
Independent Board Members
6
Employees
1

Preparer

Firm
Teresa K Dragoo CPA
Address
207 Ironwood Ct, Salem, SC 29676-3246
Preparer
Teresa K Dragoo
Phone
5712391836
Supplemental Narrative

Additional Explanations

Explanation of other changes in net assets or fund balances Part XI line 9

“Unrealized gain on investments”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0ACCOUNTING AND TAX PREPARATION SERVICES
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0UPON GRADUATION ACTIVE MEMBERS OF INDIANA THETA CHAPTER OF SIGMA PHI EPSILON FRATERNITY ARE AUTOMATIC MEMBERS OF LAMBDA HOUSE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERS ATTENDING THE ANNUAL MEETING ELECT BOARD MEMBERS. THE BOARD MEMBERS CHOOSE THE OFFICE HOLDERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EXCEPT FOR A CHANGE IN BY-LAWS THAT REQUIRE MEMBER APPROVAL, NO BOARD GOVERNING BODY DECISIONS NEED APPROVAL FROM MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3REVIEWED BY BOARD PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4TAX DOCUMENTS ARE AVAILABLE ON THE IRS WEBSITE (HTTPS://APPS.IRS.GOV/APP/EOS/).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5UNREALIZED GAIN ON INVESTMENTS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Members or stockholder classes and rights Part VI line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Member election for additional members Part VI line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Governing body decisions Part VI line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Explanation of other changes in net assets or fund balances Part XI line 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0IN
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01086595
IRS990/TotalAssetsEOYAmt01032434
IRS990/TotalAssetsGrp/BOYAmt01086595
IRS990/TotalAssetsGrp/EOYAmt01032434
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt035715
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0494
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0250587
IRS990/TotalFunctionalExpensesGrp/TotalAmt0251081
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0661917
IRS990/TotalLiabilitiesEOYAmt0535644
IRS990/TotalLiabilitiesGrp/BOYAmt0661917
IRS990/TotalLiabilitiesGrp/EOYAmt0535644
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0424678
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0496790
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0250587
IRS990/TotalProgramServiceRevenueAmt0275022
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt01480
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0285925
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0323120
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01086595
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01032434
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0WWW.LAMBDAHOUSE.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL2
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd000
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0RICK HOOVER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06302485050
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-07-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LAMBDA HOUSE INC
ReturnHeader/Filer/BusinessNameControlTxt0LAMB
ReturnHeader/Filer/EIN0310950016
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 1072
ReturnHeader/Filer/USAddress/CityNm0ANGOLA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IN
ReturnHeader/Filer/USAddress/ZIPCd046703
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0201633364
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Teresa K Dragoo CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0207 Ironwood Ct
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Salem
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0SC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0296763246
ReturnHeader/PreparerPersonGrp/PhoneNum05712391836
ReturnHeader/PreparerPersonGrp/PreparationDt02023-07-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Teresa K Dragoo
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02023-07-11T10:47:01-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0RICK
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0HOOVER
ReturnHeader/TaxPeriodBeginDt02022-06-01
ReturnHeader/TaxPeriodEndDt02023-05-31
ReturnHeader/TaxYr02022

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,032,434
Liabilities
$535,644
Net assets
$496,790
Revenue
$323,120
Expenses
$251,081
Net income
$72,039
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.01$0.31$0.70$0.33$0.22$0.10
2024Detailed filing. Detailed filing data is available for this year.$1.01$0.42$0.60$0.32$0.22$0.10
2023Detailed filing. Detailed filing data is available for this year.$1.03$0.54$0.50$0.32$0.25$0.07
2022Detailed filing. Detailed filing data is available for this year.$1.09$0.66$0.42$0.32$0.21$0.11
2021Detailed filing. Detailed filing data is available for this year.$1.11$0.79$0.32$0.30$0.19$0.11
2020Detailed filing. Detailed filing data is available for this year.$1.09$0.88$0.21$0.26$0.23$0.03
2019Detailed filing. Detailed filing data is available for this year.$1.16$0.98$0.18$0.28$0.44$0.16
2018Detailed filing. Detailed filing data is available for this year.$1.28$0.89$0.39$0.32$0.25$0.07
2017Detailed filing. Detailed filing data is available for this year.$1.27$1.20$0.07$0.19$0.15$0.04
2016Detailed filing. Detailed filing data is available for this year.$1.27$1.04$0.24$0.20$0.14$0.06
2015Detailed filing. Detailed filing data is available for this year.$1.32$1.15$0.17$0.16$0.13$0.03
2014Detailed filing. Detailed filing data is available for this year.$1.33$1.19$0.14$0.15$0.14$0.02
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.36$1.23$0.13$0.13