Civic Intelligence

Gamma Lambda of Phi Mu Fraternity

EIN 56-0884215 • 501(c)7 • Chapel Hill, NC

Profile

Provide affordable housing to phi mu fraternity members at unc-chapel hill.

211 Henderson StreetChapel Hill, NC 27514

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

45th percentile

0.10x

Higher debt load relative to assets than 45% of similar nonprofits.

501(c)7 • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

42nd percentile

0.13x

Higher debt load relative to revenue than 42% of similar nonprofits.

501(c)7 • $1M-$5M nonprofits • Source year 2025

Net Margin

81st percentile

23%

Higher net margin than 81% of similar nonprofits.

501(c)7 • $1M-$5M nonprofits • Source year 2025

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.

501(c)7 • $1M-$5M nonprofits • Source year 2025

Asset Growth

87th percentile

17%

Faster asset growth than 87% of similar nonprofits.

501(c)7 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Revenue Growth

53rd percentile

6.5%

Faster revenue growth than 53% of similar nonprofits.

501(c)7 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Assets

Up

$1,429,300

Up $209,920 (+17%) from 2024

Liabilities

Down

$141,925

Down $49,596 (-26%) from 2024

Net Assets

Up

$1,287,375

Up $259,516 (+25%) from 2024

Revenue

Up

$1,069,023

Up $64,904 (+6.5%) from 2024

Expenses

Up

$821,160

Up $37,288 (+4.8%) from 2024

Net Income

Up

$247,863

Up $27,616 (+13%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$2.0M$1.5M$1.0M$500K$0Assets 2010: $1,857,073Liabilities 2010: $484,473Net Assets 2010: $1,372,6002010Assets 2011: $1,939,646Liabilities 2011: $466,785Net Assets 2011: $1,472,8612011Assets 2012: $1,990,785Liabilities 2012: $451,900Net Assets 2012: $1,538,8852012Assets 2013: $510,809Liabilities 2013: $427,658Net Assets 2013: $83,1512013Assets 2014: $593,789Liabilities 2014: $411,422Net Assets 2014: $182,3672014Assets 2015: $614,274Liabilities 2015: $396,615Net Assets 2015: $217,6592015Assets 2016: $703,674Liabilities 2016: $382,885Net Assets 2016: $320,7892016Assets 2017: $827,662Liabilities 2017: $366,575Net Assets 2017: $461,0872017Assets 2018: $872,478Liabilities 2018: $362,779Net Assets 2018: $509,6992018Assets 2019: $829,735Liabilities 2019: $373,607Net Assets 2019: $456,1282019Assets 2020: $832,205Liabilities 2020: $315,395Net Assets 2020: $516,8102020Assets 2021: $792,295Liabilities 2021: $308,333Net Assets 2021: $483,9622021Assets 2022: $903,830Liabilities 2022: $247,181Net Assets 2022: $656,6492022Assets 2023: $1,020,660Liabilities 2023: $222,656Net Assets 2023: $798,0042023Assets 2024: $1,219,380Liabilities 2024: $191,521Net Assets 2024: $1,027,8592024Assets 2025: $1,429,300Liabilities 2025: $141,925Net Assets 2025: $1,287,3752025

Highlighted filing

2025

Assets$1,429,300
Liabilities$141,925
Net Assets$1,287,375

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2010: $490,269Expenses 2010: $388,178Net Income 2010: $102,0912010Revenue 2011: $541,759Expenses 2011: $441,498Net Income 2011: $100,2612011Revenue 2012: $610,687Expenses 2012: $544,663Net Income 2012: $66,0242012Revenue 2013: $606,863Expenses 2013: $534,702Net Income 2013: $72,1612013Revenue 2014: $681,878Expenses 2014: $582,662Net Income 2014: $99,2162014Revenue 2015: $651,701Expenses 2015: $616,409Net Income 2015: $35,2922015Revenue 2016: $693,514Expenses 2016: $590,384Net Income 2016: $103,1302016Revenue 2017: $722,487Expenses 2017: $582,189Net Income 2017: $140,2982017Revenue 2018: $652,435Expenses 2018: $603,823Net Income 2018: $48,6122018Revenue 2019: $598,184Expenses 2019: $651,755Net Income 2019: -$53,5712019Revenue 2020: $738,855Expenses 2020: $679,078Net Income 2020: $59,7772020Revenue 2021: $501,281Expenses 2021: $545,546Net Income 2021: -$44,2652021Revenue 2022: $798,661Expenses 2022: $615,165Net Income 2022: $183,4962022Revenue 2023: $876,350Expenses 2023: $741,379Net Income 2023: $134,9712023Revenue 2024: $1,004,119Expenses 2024: $783,872Net Income 2024: $220,2472024Revenue 2025: $1,069,023Expenses 2025: $821,160Net Income 2025: $247,8632025

Highlighted filing

2025

Revenue$1,069,023
Expenses$821,160
Net Income$247,863

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.43$0.14$1.29$1.07$0.82$0.25
2024Summary only. Only limited summary data is available for this year.$1.22$0.19$1.03$1.00$0.78$0.22
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.02$0.22$0.80$0.88$0.74$0.13
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.90$0.25$0.66$0.80$0.62$0.18
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.79$0.31$0.48$0.50$0.55$0.04
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.83$0.32$0.52$0.74$0.68$0.06
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.83$0.37$0.46$0.60$0.65$0.05
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.87$0.36$0.51$0.65$0.60$0.05
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.83$0.37$0.46$0.72$0.58$0.14
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.70$0.38$0.32$0.69$0.59$0.10
2015Detailed filing. Detailed filing data is available for this year.$0.61$0.40$0.22$0.65$0.62$0.04
2014Summary only. Only limited summary data is available for this year.$0.59$0.41$0.18$0.68$0.58$0.10
2013Summary only. Only limited summary data is available for this year.$0.51$0.43$0.08$0.61$0.53$0.07
2012Summary only. Only limited summary data is available for this year.$1.99$0.45$1.54$0.61$0.54$0.07
2011Summary only. Only limited summary data is available for this year.$1.94$0.47$1.47$0.54$0.44$0.10
2010Summary only. Only limited summary data is available for this year.$1.86$0.48$1.37$0.49$0.39$0.10
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Nov 11, 2025
Return Version
2024v5.2
Gross Receipts
$1,069,023
Mission and Program Overview

Mission

Provide affordable housing to phi mu fraternity members at unc-chapel hill.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$1,027,859$1,287,375▲ $259,516
Land, Buildings, and Equipment, Net$599,504$638,349▲ $38,845
Cash and Non-Interest-Bearing Accounts$488,495$625,043▲ $136,548
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$1,219,380$1,429,300▲ $209,920
Other Assets Total$131,381$165,908▲ $34,527
Liabilities
Mortgage Notes Payable Secured by Investment Property$180,521$141,425▼ $39,096
Accounts Payable and Accrued Expenses$11,000$500▼ $10,500
Total Liabilities$191,521$141,925▼ $49,596
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,027,859$1,287,375▲ $259,516
Total Liabilities and Net Assets / Fund Balance$1,219,380$1,429,300▲ $209,920

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$419,137$1,634,666$2,053,803
Equipment$49,212$505,992$555,204
Land$170,000-$170,000
Other Assets Org$165,908--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Jean ServicePresident
Lily Grace MccolloughBoard Member
Monica MccartyBoard Member
Reid TatumBoard Member
Sarah TurnerBoard Member
Kathie DavidsonSecretary
Karen DiasTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$773
Program Service Revenue
$1,065,459
Investment Income
$2,791
Other Revenue
$0
Change in Net Assets
$247,863
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$754,494
Salaries, Compensation, and Employee Benefits$66,666
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy---$118,066
Depreciation Depletion---$62,581
Other Salaries and Wages---$46,916
Office Expenses---$38,800
Fees for Services Other---$25,699
Fees for Services Accounting---$25,483
Other Expenses---$21,781
Payroll Taxes---$19,750
All Other Expenses---$9,937
Interest---$9,746
Insurance---$7,607
Total Functional Expenses$0$0$0$821,160
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Part VI, Section B, Line 11B

Form 990 is prepared by an independent cpa firm and reviewed by the organization's top management. The reviewed form 990 is then forwarded to the board of directors after filing with the irs.

Form 990, Part VI, Section B, Line 12C

Each board member is involved in the selection process of vendors to complete work scheduled by the board. Our conflict of interest policy requires the voting members to disclose any conflict of interest with that vendor upon voting.

Form 990, Part VI, Section B, Line 15

The key employee for the house corporation is the house director. When we need to hire for that position we do a nationwide search and have a committee that includes independent members of our sorority to review the compensation components at the local university level as well as at the national level.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents and financial information available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Gamma Lambda of Phi Mu Fraternity
EIN
56-0884215
Phone
9192109083
Address
211 HENDERSON STREET, CHAPEL HILL, NC 27514

Signing Officer

Name
Karen Dias
Title
Treasurer
Phone
9192109083
Signed
2025-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jean Service
Formed
1965
Legal Domicile
Nc
Voting Board Members
7
Independent Board Members
7
Employees
1
Volunteers
7

Preparer

Firm
Blackman & Sloop Advisors Inc
Address
1414 RALEIGH ROAD SUITE 300, CHAPEL HILL, NC 27517
Preparer
Elizabeth Mauch
Phone
9199428700
Raw XML Appendix324 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
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IRS990/AllOtherExpensesGrp/TotalAmt09937
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IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0170000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0165908
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0FUNDS HELD AT NATIONAL OFFICE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0638349
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0165908
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS PREPARED BY AN INDEPENDENT CPA FIRM AND REVIEWED BY THE ORGANIZATION'S TOP MANAGEMENT. THE REVIEWED FORM 990 IS THEN FORWARDED TO THE BOARD OF DIRECTORS AFTER FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EACH BOARD MEMBER IS INVOLVED IN THE SELECTION PROCESS OF VENDORS TO COMPLETE WORK SCHEDULED BY THE BOARD. OUR CONFLICT OF INTEREST POLICY REQUIRES THE VOTING MEMBERS TO DISCLOSE ANY CONFLICT OF INTEREST WITH THAT VENDOR UPON VOTING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE KEY EMPLOYEE FOR THE HOUSE CORPORATION IS THE HOUSE DIRECTOR. WHEN WE NEED TO HIRE FOR THAT POSITION WE DO A NATIONWIDE SEARCH AND HAVE A COMMITTEE THAT INCLUDES INDEPENDENT MEMBERS OF OUR SORORITY TO REVIEW THE COMPENSATION COMPONENTS AT THE LOCAL UNIVERSITY LEVEL AS WELL AS AT THE NATIONAL LEVEL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL INFORMATION AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01219380
IRS990/TotalAssetsEOYAmt01429300
IRS990/TotalAssetsGrp/BOYAmt01219380
IRS990/TotalAssetsGrp/EOYAmt01429300
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0773
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/TotalAmt0821160
IRS990/TotalGrossUBIAmt02791
IRS990/TotalLiabilitiesBOYAmt0191521
IRS990/TotalLiabilitiesEOYAmt0141925
IRS990/TotalLiabilitiesGrp/BOYAmt0191521
IRS990/TotalLiabilitiesGrp/EOYAmt0141925
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01027859
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01287375
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt01065459
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01065459
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01069023
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt02791
IRS990/TotalVolunteersCnt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01219380
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01429300
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd01
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0211 HENDERSON STREET
IRS990/USAddress/CityNm0CHAPEL HILL
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd027514
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0KAREN DIAS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum09192109083
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GAMMA LAMBDA OF PHI MU FRATERNITY
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0HOUSE CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0GAMM
ReturnHeader/Filer/EIN0560884215
ReturnHeader/Filer/PhoneNum09192109083
ReturnHeader/Filer/USAddress/AddressLine1Txt0211 HENDERSON STREET
ReturnHeader/Filer/USAddress/CityNm0CHAPEL HILL
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd027514
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0561304727
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BLACKMAN & SLOOP ADVISORS INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01414 RALEIGH ROAD SUITE 300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CHAPEL HILL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd027517
ReturnHeader/PreparerPersonGrp/PhoneNum09199428700
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ELIZABETH MAUCH
ReturnHeader/ReturnTs02025-11-12T14:38:27-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-07-01
ReturnHeader/TaxPeriodEndDt02025-06-30
ReturnHeader/TaxYr02024

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