Civic Intelligence

Lambda Housing Association Inc

990 • Fiscal year 2021 • EIN 58-1758758

Jan 01, 2021 to Dec 31, 2021 • Filed on Oct 25, 2022

3348 Peachtree Road NE Ste 700Atlanta, GA 30326

(888) 272-3683

Siviq Scores

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

Liabilities / Assets

84th percentile

0.65x

Higher debt load relative to assets than 84% of similar nonprofits.

2021 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

97th percentile

7.65x

Higher debt load relative to revenue than 97% of similar nonprofits.

2021 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2021

Net Margin

4th percentile

-50%

Higher net margin than 4% of similar nonprofits.

2021 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2021 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2021

Asset Growth

23rd percentile

-1.7%

Faster asset growth than 23% of similar nonprofits.

2021 filings • 501(c)7 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

32nd percentile

1.3%

Faster revenue growth than 32% of similar nonprofits.

2021 filings • 501(c)7 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Down

$4,095,280

Down $70,211 (-1.7%) from 2020

Net Assets

Down

$1,425,278

Down $174,813 (-11%) from 2020

Liabilities

Up

$2,670,002

Up $104,602 (+4.1%) from 2020

Revenue

Up

$349,172

Up $4,316 (+1.3%) from 2020

Expenses

Up

$523,985

Up $151,542 (+41%) from 2020

Net Income

Down

-$174,813

Down $147,226 (-534%) from 2020

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2011: $449,605Liabilities 2011: $176,256Net Assets 2011: $273,3492011Assets 2012: $479,151Liabilities 2012: $227,056Net Assets 2012: $252,0952012Assets 2013: $471,688Liabilities 2013: $274,502Net Assets 2013: $197,1862013Assets 2020: $4,165,491Liabilities 2020: $2,565,400Net Assets 2020: $1,600,0912020Assets 2021: $4,095,280Liabilities 2021: $2,670,002Net Assets 2021: $1,425,2782021Assets 2022: $3,894,512Liabilities 2022: $2,627,857Net Assets 2022: $1,266,6552022Assets 2023: $3,719,111Liabilities 2023: $2,581,957Net Assets 2023: $1,137,1542023Assets 2024: $3,598,078Liabilities 2024: $2,501,342Net Assets 2024: $1,096,7362024

Highlighted filing

2021

Assets$4,095,280
Liabilities$2,670,002
Net Assets$1,425,278

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2011: $93,150Expenses 2011: $113,150Net Income 2011: -$20,0002011Revenue 2012: $70,178Expenses 2012: $91,432Net Income 2012: -$21,2542012Revenue 2013: $127,471Expenses 2013: $182,380Net Income 2013: -$54,9092013Revenue 2020: $344,856Expenses 2020: $372,443Net Income 2020: -$27,5872020Revenue 2021: $349,172Expenses 2021: $523,985Net Income 2021: -$174,8132021Revenue 2022: $332,551Expenses 2022: $491,174Net Income 2022: -$158,6232022Revenue 2023: $411,098Expenses 2023: $540,599Net Income 2023: -$129,5012023Revenue 2024: $434,346Expenses 2024: $474,764Net Income 2024: -$40,4182024

Highlighted filing

2021

Revenue$349,172
Expenses$523,985
Net Income-$174,813
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Oct 25, 2022
Return Version
2021v4.0
Gross Receipts
$349,172
Mission and Program Overview

Mission

Student housing - pi kappa phi fraternity, university of georgia

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,064,196$3,969,313▼ $94,883
Cash and Non-Interest-Bearing Accounts$101,295$49,359▼ $51,936
Accounts Receivable-$12,604-
Total Assets$4,165,491$4,095,280▼ $70,211
Other Assets Total-$64,004-
Liabilities
Other Liabilities$2,550,000$2,651,252▲ $101,252
Escrow Account Liability$15,400$18,750▲ $3,350
Total Liabilities$2,565,400$2,670,002▲ $104,602
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,600,091$1,425,278▼ $174,813
Total Net Assets Fund Balance$1,600,091$1,425,278▼ $174,813
Total Liabilities and Net Assets / Fund Balance$4,165,491$4,095,280▼ $70,211
Compensation and Service Providers

Board Members and Trustees

NameTitle
Jack RoodTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$45,705
Program Service Revenue
$303,467
Investment Income
$0
Other Revenue
$0
All Other Contributions
$45,705
Change in Net Assets
$-174,813
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$523,985
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$186,750--$186,750
Occupancy$161,204--$161,204
Other Expenses$8,000--$8,000
All Other Expenses$6,060--$6,060
Fees for Services Accounting$750--$750
Total Functional Expenses$523,985$0$0$523,985
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
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Construction Loan$2,651,252
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

Form 990 is prepared by an independent cpa and reviewed by the organization's top management before filing with the irs.

Form 990, Page 6, Part VI, Line 18

Written request is required

Form 990, Page 6, Part VI, Line 19

UPON WRITTEN REQUEST.

Filing and Contact Details

Filer

Filer Name
Lambda Housing Association Inc
EIN
58-1758758
Address
3348 PEACHTREE ROAD NE STE 700, ATLANTA, GA 30326

Signing Officer

Name
Jack Rood
Title
Treasurer
Signed
2022-10-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jack Rood
Legal Domicile
Ga
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
7

Preparer

Firm
Accountants Resource LLC
Address
3372 PEACHTREE ROAD NE STE 115, ATLANTA, GA 30326
Preparer
David J Lerner
Phone
8882723683
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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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