Civic Intelligence

Lambda Housing Association Inc

990 • Fiscal year 2022 • EIN 58-1758758

Jan 01, 2022 to Dec 31, 2022 • Filed on May 01, 2023

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

87th percentile

0.67x

Higher debt load relative to assets than 87% of similar nonprofits.

2022 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

98th percentile

7.90x

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

2022 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2022

Net Margin

3rd percentile

-48%

Higher net margin than 3% of similar nonprofits.

2022 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2022 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2022

Asset Growth

17th percentile

-4.9%

Faster asset growth than 17% of similar nonprofits.

2022 filings • 501(c)7 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

19th percentile

-4.8%

Faster revenue growth than 19% of similar nonprofits.

2022 filings • 501(c)7 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Flat

$3,894,512

Flat from 2022

Net Assets

Flat

$1,266,655

Flat from 2022

Liabilities

Flat

$2,627,857

Flat from 2022

Revenue

Flat

$332,551

Flat from 2022

Expenses

Flat

$491,174

Flat from 2022

Net Income

Flat

-$158,623

Flat from 2022

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 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

2022

Assets$3,894,512
Liabilities$2,627,857
Net Assets$1,266,655

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 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

2022

Revenue$332,551
Expenses$491,174
Net Income-$158,623
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
May 1, 2023
Return Version
2022v5.0
Gross Receipts
$332,551
Mission and Program Overview

Mission

Student housing - pi kappa phi fraternity, university of georgia

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,969,313$3,833,506▼ $135,807
Cash and Non-Interest-Bearing Accounts$49,359$33,038▼ $16,321
Accounts Receivable$12,604$6,076▼ $6,528
Total Assets$4,095,280$3,894,512▼ $200,768
Other Assets Total$64,004$21,892▼ $42,112
Liabilities
Other Liabilities$2,651,252$2,627,857▼ $23,395
Escrow Account Liability$18,750--
Total Liabilities$2,670,002$2,627,857▼ $42,145
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,425,278$1,266,655▼ $158,623
Total Net Assets Fund Balance$1,425,278$1,266,655▼ $158,623
Total Liabilities and Net Assets / Fund Balance$4,095,280$3,894,512▼ $200,768
Compensation and Service Providers

Board Members and Trustees

NameTitle
Jack RoodTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$52,219
Program Service Revenue
$280,332
Investment Income
$0
Other Revenue
$0
All Other Contributions
$52,219
Change in Net Assets
$-158,623
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$491,174
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
Occupancy$164,624--$164,624
Depreciation Depletion$156,354--$156,354
Other Expenses$1,031--$1,031
Fees for Services Accounting$750--$750
All Other Expenses$729--$729
Total Functional Expenses$491,174$0$0$491,174
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$2,627,857
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
2023-05-01
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
Raw XML Appendix239 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.

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ReturnHeader/BuildTS02023-04-26 12:10:37Z
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