Phi Kappa Psi Fraternity Housing Corpora

990EZ • Fiscal year 2020 • EIN 31-0976217

Jan 01, 2020 to Dec 31, 2020 • Filed on Feb 25, 2021

Organization Profile N/A

PO Box 17697Indianapolis, IN 46217

(317) 752-6174

Siviq Scores

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

0.98x

Higher debt load relative to assets than 96% of similar nonprofits.

2020 filings • 501(c)7 • <$500k nonprofits • Source year 2020

3.01x

Higher debt load relative to revenue than 98% of similar nonprofits.

2020 filings • 501(c)7 • <$500k nonprofits • Source year 2020

-31%

Higher net margin than 14% of similar nonprofits.

2020 filings • 501(c)7 • <$500k nonprofits • Source year 2020

Higher top officer pay than 92% of similar nonprofits.

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

2020 filings • 501(c)7 • <$500k nonprofits • Source year 2020

13%

Faster asset growth than 71% of similar nonprofits.

2020 filings • 501(c)7 • <$500k nonprofits • Annualized from 2019 to 2020

2595%

Faster revenue growth than 100% of similar nonprofits.

2020 filings • 501(c)7 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet

Liabilities / Assets96th percentile

Assets

$462,387

Up $53,851 (+13%) from 2019

Net Assets

Down

$7,728

Down $47,442 (-86%) from 2019

Liabilities

$454,659

Up $101,293 (+29%) from 2019

Revenue And Expenses

Liabilities / Revenue98th percentile Net Margin14th percentile

Revenue

$151,201

Up $145,591 (+2595%) from 2019

Expenses

$198,643

Up $153,757 (+343%) from 2019

Net Income

Down

-$47,442

Down $8,166 (-21%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth71st percentile

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

Highlighted filing

2020

Assets$462,387

Liabilities$454,659

Net Assets$7,728

Open 2020 Filing

Operations Trend

Revenue Growth100th percentile

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

Highlighted filing

2020

Revenue$151,201

Expenses$198,643

Net Income-$47,442

Open 2020 Filing

Jump To

Filing Snapshot

Filing Period: Jan 1, 2020 to Dec 31, 2020
Signed: Feb 25, 2021
Return Version: 2020v4.0
Gross Receipts: $151,201

Mission and Program Overview

Mission

University fraternal housing.

Program Services

Description	Grants	Expenses
CONTINOUS MAINTENANCE AND UPKEEP OF UNIVERISTY APPROVED HOUSING FOR MEMBERS OF TH PHI KAPPA PSI FRATERNITY DURING ALL SEMESTERS OF STUDENT ENROLLMENT.	$0	$198,643

Compensation and Service Providers

Top Officer Pay92nd percentile

Employees

Name	Title	Full / Part Time	Base	Other	Total
JUSTIN BIANCARDI	President	PT	$0	-	-
SCOTT JACOBSON	Treasurer	PT	$0	-	-

Filing and Contact Details

Filer

Filer Name: Phi Kappa Psi Fraternity
EIN: 31-0976217
Phone: 3177526174
Address: PO BOX 17697, INDIANAPOLIS, IN 46217

Signing Officer

Name: Scott Jacobson
Title: Treasurer
Phone: 3176967744
Signed: 2021-02-25
Discuss with paid preparer: Yes

Preparer

Firm: Cna Tax Professionals Inc
Address: 10475 CROSSPOINT BOULEVARD SUITE, 200, INDIANAPOLIS, IN 46256
Preparer: Shawn D Dreiman CPA
Phone: 3178413393

Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 4 - Other Investment Income

“Description: interest income. Amount: 9.”

Form 990-ez, Part I, Line 14

“Description: depreciation. Amount: 20,915. Description: other expenses. Amount: 78,449. Total to form 990-ez, line 14: 99,364.”

Form 990-ez, Part I, Line 16 - Other Expenses

“Description: repairs and maintenance. Amount: 54,425. Description: property taxes. Amount: 16. Description: interest expsense. Amount: 42,966. Total to form 990-ez, line 16: 97,407.”

Form 990-ez, Part II, Line 26 - Other Liabilities

“Description: other liabilities. Beg. Of year amount: 1,500. End of year amount: 1,500. Description: secured mortgages and notes payable. Beg. Of year amount: 351,866. End of year amount: 453,159.”

Raw XML Appendix159 raw XML fields

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

Path	#	Value
IRS990EZ/ActivitiesNotPreviouslyRptInd	0	0
IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt	0	SCOTT JACOBSON
IRS990EZ/BooksInCareOfDetail/PhoneNum	0	3177526174
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt	0	PO BOX 17697
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm	0	INDIANAPOLIS
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd	0	IN
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd	0	46217
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt	0	15632
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt	0	90398
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd	0	0
IRS990EZ/DirectIndirectPltclExpendAmt	0	0
IRS990EZ/DonorAdvisedFndsInd	0	0
IRS990EZ/ExcessOrDeficitForYearAmt	0	-47442
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt	0	1850
IRS990EZ/FiledScheduleAInd	0	1
IRS990EZ/ForeignFinancialAccountInd	0	0
IRS990EZ/ForeignOfficeInd	0	0
IRS990EZ/Form990TotalAssetsGrp/BOYAmt	0	408536
IRS990EZ/Form990TotalAssetsGrp/EOYAmt	0	462387
IRS990EZ/GrossReceiptsAmt	0	151201
IRS990EZ/GrossReceiptsForPublicUseAmt	0	0
IRS990EZ/InfoInScheduleOPartIIInd	0	X
IRS990EZ/InfoInScheduleOPartIInd	0	X
IRS990EZ/InfoInScheduleOPartVInd	0	X
IRS990EZ/InitiationFeesAndCapContriAmt	0	0
IRS990EZ/InvestmentIncomeAmt	0	9
IRS990EZ/LandAndBuildingsGrp/BOYAmt	0	392904
IRS990EZ/LandAndBuildingsGrp/EOYAmt	0	371989
IRS990EZ/MadeLoansToFromOfficersInd	0	0
IRS990EZ/MethodOfAccountingAccrualInd	0	X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt	0	55170
IRS990EZ/NetAssetsOrFundBalancesEOYAmt	0	7728
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt	0	55170
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt	0	7728
IRS990EZ/OccupancyRentUtltsAndMaintAmt	0	99364
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	0	5.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	1	5.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	0	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	1	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt	0	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt	1	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt	0	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt	1	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	0	JUSTIN BIANCARDI
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	1	SCOTT JACOBSON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	0	PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	1	TREASURER
IRS990EZ/OperateHospitalInd	0	0
IRS990EZ/Organization501cInd	0	X
IRS990EZ/OrganizationDissolvedEtcInd	0	0
IRS990EZ/OrganizationHadUBIInd	0	0
IRS990EZ/OtherChangesInNetAssetsAmt	0	0
IRS990EZ/OtherExpensesTotalAmt	0	97407
IRS990EZ/PoliticalCampaignActyInd	0	0
IRS990EZ/PrimaryExemptPurposeTxt	0	UNIVERSITY FRATERNAL HOUSING.
IRS990EZ/PrintingPublicationsPostageAmt	0	22
IRS990EZ/ProgramServiceRevenueAmt	0	151192
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt	0	CONTINOUS MAINTENANCE AND UPKEEP OF UNIVERISTY APPROVED HOUSING FOR MEMBERS OF TH PHI KAPPA PSI FRATERNITY DURING ALL SEMESTERS OF STUDENT ENROLLMENT.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt	0	0
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt	0	198643
IRS990EZ/ProhibitedTaxShelterTransInd	0	0
IRS990EZ/RelatedOrganizationCtrlEntInd	0	0
IRS990EZ/ScheduleBNotRequiredInd	0	X
IRS990EZ/StatesWhereCopyOfReturnIsFldCd	0	IN
IRS990EZ/SubjectToProxyTaxInd	0	0
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt	0	353366
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt	0	454659
IRS990EZ/TanningServicesProvidedInd	0	0
IRS990EZ/TotalExpensesAmt	0	198643
IRS990EZ/TotalProgramServiceExpensesAmt	0	198643
IRS990EZ/TotalRevenueAmt	0	151201
IRS990EZ/TypeOfOrganizationCorpInd	0	X
IRS990EZ/WebsiteAddressTxt	0	N/A
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt	0	0
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt	0	9
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt	0	10
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt	0	6
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt	0	15
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt	0	6
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt	0	46
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt	0	151192
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt	0	5600
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt	0	20000
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt	0	30933
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt	0	41067
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt	0	248792
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt	0	9
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt	0	10
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt	0	6
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt	0	15
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt	0	6
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt	0	46
IRS990ScheduleA/InvestmentIncomeCYPct	0	0.00020
IRS990ScheduleA/InvestmentIncomePYPct	0	0.00060
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt	0	13245
IRS990ScheduleA/OtherIncome509Grp/TotalAmt	0	13245
IRS990ScheduleA/PubliclySupportedOrg509a2Ind	0	X
IRS990ScheduleA/PublicSupportCY509Pct	0	0.94930
IRS990ScheduleA/PublicSupportPY509Pct	0	0.49280
IRS990ScheduleA/PublicSupportTotal509Amt	0	248792
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt	0	0
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt	0	0
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind	0	X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt	0	151192
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt	0	5600
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt	0	20000
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt	0	30933
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt	0	41067
IRS990ScheduleA/Total509Grp/TotalAmt	0	248792
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt	0	151201
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt	0	5610
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt	0	20006
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt	0	30948
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt	0	54318
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt	0	262083
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	0	DESCRIPTION: INTEREST INCOME. AMOUNT: 9.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	1	DESCRIPTION: DEPRECIATION. AMOUNT: 20,915. DESCRIPTION: OTHER EXPENSES. AMOUNT: 78,449. TOTAL TO FORM 990-EZ, LINE 14: 99,364.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	2	DESCRIPTION: REPAIRS AND MAINTENANCE. AMOUNT: 54,425. DESCRIPTION: PROPERTY TAXES. AMOUNT: 16. DESCRIPTION: INTEREST EXPSENSE. AMOUNT: 42,966. TOTAL TO FORM 990-EZ, LINE 16: 97,407.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	3	DESCRIPTION: OTHER LIABILITIES. BEG. OF YEAR AMOUNT: 1,500. END OF YEAR AMOUNT: 1,500. DESCRIPTION: SECURED MORTGAGES AND NOTES PAYABLE. BEG. OF YEAR AMOUNT: 351,866. END OF YEAR AMOUNT: 453,159.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	0	FORM 990-EZ, PART I, LINE 4 - OTHER INVESTMENT INCOME
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	1	FORM 990-EZ, PART I, LINE 14
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	2	FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	3	FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES
TransferPrsnlBnftContractsDecl/DeclarationDesc	0	THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd	0	AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd	0	IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd	0	2
ReturnHeader/BuildTS	0	2022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd	0	1
ReturnHeader/BusinessOfficerGrp/PersonNm	0	SCOTT JACOBSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt	0	TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum	0	3176967744
ReturnHeader/BusinessOfficerGrp/SignatureDt	0	2021-02-25
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt	0	PHI KAPPA PSI FRATERNITY
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt	0	HOUSING CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt	0	PHIK
ReturnHeader/Filer/EIN	0	310976217
ReturnHeader/Filer/PhoneNum	0	3177526174
ReturnHeader/Filer/USAddress/AddressLine1Txt	0	PO BOX 17697
ReturnHeader/Filer/USAddress/CityNm	0	INDIANAPOLIS
ReturnHeader/Filer/USAddress/StateAbbreviationCd	0	IN
ReturnHeader/Filer/USAddress/ZIPCd	0	46217
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN	0	352102008
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt	0	CNA TAX PROFESSIONALS INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt	0	10475 CROSSPOINT BOULEVARD SUITE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine2Txt	0	200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm	0	INDIANAPOLIS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd	0	IN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd	0	46256
ReturnHeader/PreparerPersonGrp/PhoneNum	0	3178413393
ReturnHeader/PreparerPersonGrp/PreparationDt	0	2021-02-23
ReturnHeader/PreparerPersonGrp/PreparerPersonNm	0	SHAWN D DREIMAN CPA
ReturnHeader/ReturnTs	0	2021-02-26T09:20:45-06:00
ReturnHeader/ReturnTypeCd	0	990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm	0	SCOTT
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm	0	JACOBSON
ReturnHeader/TaxPeriodBeginDt	0	2020-01-01
ReturnHeader/TaxPeriodEndDt	0	2020-12-31
ReturnHeader/TaxYr	0	2020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing

Assets: $462,387
Liabilities: $454,659
Net assets: $7,728
Revenue: $151,201
Expenses: $198,643
Net income: -$47,442

	Balance Sheet			Operations
Year	Assets	Liabilities	Net Assets	Revenue	Expenses	Net Income
2024Detailed filing. Detailed filing data is available for this year.	$5.22	$3.89	$1.33	$1.64	$1.58	$0.06
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$5.59	$4.32	$1.27	$1.63	$1.01	$0.63
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$4.73	$4.08	$0.65	$1.46	$1.13	$0.32
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$4.46	$4.14	$0.32	$1.81	$1.56	$0.25
2020Detailed filing. Detailed filing data is available for this year.	$4.62	$4.55	$0.08	$1.51	$1.99	$0.47
2019Detailed filing. Detailed filing data is available for this year.	$4.09	$3.53	$0.55	$0.06	$0.45	$0.39
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$4.18	$3.23	$0.94	$0.20	$0.50	$0.30
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$4.49	$3.25	$1.24	$0.31	$0.56	$0.25
2016Detailed filing. Detailed filing data is available for this year.	$4.76	$3.27	$1.49	$0.54	$0.75	$0.21
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$4.87	$3.17	$1.70	$1.26	$2.40	$1.14
2014Detailed filing. Detailed filing data is available for this year.	$6.24	$3.40	$2.84	$2.80	$2.02	$0.78