Civic Intelligence

Pi Kappa Phi Properties Inc

990 • Fiscal year 2015 • EIN 59-6216310

Jul 01, 2014 to Jun 30, 2015 • Filed on Nov 13, 2015

Organization ProfileN/A
PO Box 240526Charlotte, NC 28224

(704) 504-0888

Siviq Scores

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

Liabilities / Assets

92nd percentile

0.68x

Higher debt load relative to assets than 92% of similar nonprofits.

2015 filings • 501(c)7 • $10M-$25M nonprofits • Source year 2015

Liabilities / Revenue

97th percentile

3.23x

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

2015 filings • 501(c)7 • $10M-$25M nonprofits • Source year 2015

Net Margin

89th percentile

15%

Higher net margin than 89% of similar nonprofits.

2015 filings • 501(c)7 • $10M-$25M nonprofits • Source year 2015

Top Officer Pay

44th percentile

$205,211

Higher top officer pay than 44% of similar nonprofits.

Top officer pay equals 6.2% of source-year revenue.

2015 filings • 501(c)7 • $10M-$25M nonprofits • Source year 2015

Asset Growth

94th percentile

30%

Faster asset growth than 94% of similar nonprofits.

2015 filings • 501(c)7 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Revenue Growth

95th percentile

29%

Faster revenue growth than 95% of similar nonprofits.

2015 filings • 501(c)7 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets92nd percentile

Assets

Up

$15,658,555

Up $3,605,108 (+30%) from 2014

Net Assets

Up

$4,957,195

Up $512,070 (+12%) from 2014

Liabilities

Up

$10,701,360

Up $3,093,038 (+41%) from 2014

Revenue And Expenses
Liabilities / Revenue97th percentileNet Margin89th percentile

Revenue

Up

$3,313,634

Up $745,527 (+29%) from 2014

Expenses

Up

$2,801,564

Up $509,184 (+22%) from 2014

Net Income

Up

$512,070

Up $236,343 (+86%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth94th percentile

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

$40M$30M$20M$10M$0Assets 2011: $9,910,467Liabilities 2011: $5,956,154Net Assets 2011: $3,954,3132011Assets 2012: $10,395,202Liabilities 2012: $6,351,086Net Assets 2012: $4,044,1162012Assets 2013: $9,837,642Liabilities 2013: $5,668,244Net Assets 2013: $4,169,3982013Assets 2014: $12,053,447Liabilities 2014: $7,608,322Net Assets 2014: $4,445,1252014Assets 2015: $15,658,555Liabilities 2015: $10,701,360Net Assets 2015: $4,957,1952015Assets 2016: $20,961,336Liabilities 2016: $15,782,883Net Assets 2016: $5,178,4532016Assets 2017: $20,917,938Liabilities 2017: $15,514,392Net Assets 2017: $5,403,5462017Assets 2018: $32,017,059Liabilities 2018: $23,203,879Net Assets 2018: $8,813,1802018Assets 2019: $38,000,405Liabilities 2019: $28,837,917Net Assets 2019: $9,162,4882019Assets 2020: $34,706,217Liabilities 2020: $26,631,762Net Assets 2020: $8,074,4552020Assets 2021: $34,772,740Liabilities 2021: $28,060,757Net Assets 2021: $6,711,9832021Assets 2022: $36,157,884Liabilities 2022: $27,674,872Net Assets 2022: $8,483,0122022Assets 2023: $37,161,340Liabilities 2023: $27,545,797Net Assets 2023: $9,615,5432023

Highlighted filing

2015

Assets$15,658,555
Liabilities$10,701,360
Net Assets$4,957,195
Open 2015 Filing

Operations Trend

Revenue Growth95th percentile

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

$15M$10M$5.0M$0-$5.0MExpenses 2011: $1,580,7482011Expenses 2012: $1,806,5392012Expenses 2013: $2,209,1282013Revenue 2014: $2,568,107Expenses 2014: $2,292,380Net Income 2014: $275,7272014Revenue 2015: $3,313,634Expenses 2015: $2,801,564Net Income 2015: $512,0702015Revenue 2016: $4,286,266Expenses 2016: $4,065,008Net Income 2016: $221,2582016Revenue 2017: $5,014,462Expenses 2017: $4,789,369Net Income 2017: $225,0932017Revenue 2018: $9,350,222Expenses 2018: $5,940,589Net Income 2018: $3,409,6332018Revenue 2019: $7,866,223Expenses 2019: $7,516,914Net Income 2019: $349,3092019Revenue 2020: $7,875,590Expenses 2020: $8,963,623Net Income 2020: -$1,088,0332020Revenue 2021: $7,753,647Expenses 2021: $9,116,119Net Income 2021: -$1,362,4722021Revenue 2022: $10,688,194Expenses 2022: $8,917,165Net Income 2022: $1,771,0292022Revenue 2023: $10,389,522Expenses 2023: $9,260,074Net Income 2023: $1,129,4482023

Highlighted filing

2015

Revenue$3,313,634
Expenses$2,801,564
Net Income$512,070
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Nov 13, 2015
Return Version
2014v5.0
Gross Receipts
$3,313,634
Mission and Program Overview

Mission

Pi kappa phi properties, inc is organized for pleasure, recreation and other non-profit purposes. Specifically, pi kappa phi properties, inc.'s purpose is to provide housing and management expertise for local chapters of pi kappa phi fraternity.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$10,523,974$13,617,326▲ $3,093,352
Cash and Non-Interest-Bearing Accounts$850,516$1,034,650▲ $184,134
Other Notes and Loans Receivable, Net$397,898$517,071▲ $119,173
Accounts Receivable$23,277$133,666▲ $110,389
Prepaid Expenses and Deferred Charges$102,825$108,547▲ $5,722
Savings and Temporary Cash Investments$5,893$5,893→ $0
Total Assets$12,053,447$15,658,555▲ $3,605,108
Other Assets Total$149,064$241,402▲ $92,338
Liabilities
Mortgage Notes Payable Secured by Investment Property$6,845,839$10,390,585▲ $3,544,746
Unsecured Notes Loans Payable$500,000--
Deferred Revenue$162,676$168,676▲ $6,000
Accounts Payable and Accrued Expenses$32,824$84,445▲ $51,621
Other Liabilities$66,983$57,654▼ $9,329
Total Liabilities$7,608,322$10,701,360▲ $3,093,038
Net Assets / Fund Balance
Unrestricted Net Assets$4,445,125$4,957,195▲ $512,070
Total Net Assets Fund Balance$4,445,125$4,957,195▲ $512,070
Total Liabilities and Net Assets / Fund Balance$12,053,447$15,658,555▲ $3,605,108

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$7,898,308$1,897,978$9,796,286
Other Land Buildings$3,361,993$1,755,633$5,117,626
Land$2,250,323-$2,250,323
Equipment$104,318$325,808$430,126
Leasehold Improvements$2,384$6,637$9,021
Compensation and Service Providers
Top Officer Pay44th percentile

Employees

NameTitleOtherTotal
Marvin S HackneyCFO$101,689$101,689

Board Members and Trustees

NameTitle
Michael S HartmanChairman
A Glenn AspinwallVice President-acquisition
Gregory V LinderVice President-constructio
Nicholas J LinderVice President-ilf
Mark E TimmesCEO
I Timothy HancockMember
Jason SteinMember
Jay J StuckelMember
John R Bradford IiiMember
Walter T WahlfeldMember
William FurlingMember
Eric J AlmquistNational Council Represent
Benjamin B BushSecretary
Russell H AndersonStudent Liaison
Anthony M NoceTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,836,480
Investment Income
$28,361
Other Revenue
$448,793
Change in Net Assets
$512,070
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,494,357
Salaries, Compensation, and Employee Benefits$307,207
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion---$639,358
All Other Expenses---$390,766
Interest---$340,456
Other Salaries and Wages---$261,049
Other Expenses---$153,852
Insurance---$116,595
Fees for Services Management---$77,573
Fees for Services Accounting---$75,199
Travel---$51,271
Other Employee Benefits---$28,160
Information Technology---$18,495
Occupancy---$16,659
Fees for Services Legal---$16,401
Payroll Taxes---$13,882
Office Expenses---$12,688
Pension Plan Contributions---$4,116
Total Functional Expenses$0$0$0$2,801,564
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
Other Security Deposits$57,654
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 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
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 11

“Prior to filing the form 990, the chief financial officer and chief executive officer of pi kappa phi properties conduct a detailed review of the tax return. A review list of any questions and comments is prepared and discussed with the tax return preparer. Upon satisfaction of any follow-up items, an electronic or hard copy of the final return is forwarded to each board member for review prior to filing with the irs.”

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

“Pi kappa phi properties requires each board member to reveal possible conflicts of interest in an annual disclosure statement.”

Form 990, Part VI, Section C, Line 19

“Tax return is available for review by written request to the organization.”

Filing and Contact Details

Filer

Filer Name
Pi Kappa Phi Properties Inc
EIN
59-6216310
Phone
7045040888
Address
PO BOX 240526, CHARLOTTE, NC 28224

Signing Officer

Name
Mark E Timmes
Title
CEO
Phone
7045040888
Signed
2015-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mark E Timmes
Formed
1966
Legal Domicile
Fl
Voting Board Members
13
Independent Board Members
13
Employees
5
Volunteers
0

Preparer

Firm
Vance Flouhouse & Garges Pllc
Address
7725 BALLANTYNE COMMONS PKY STE103, CHARLOTTE, NC 28277
Preparer
David Jacob Townsend
Phone
7043697200
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

“Food 150,492. Lease expense 108,749. Miscellaneous 77,738. Closing costs 31,290. Bad debt 11,400. Other professional services 11,097.”

Raw XML AppendixShowing 400 of 494 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
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt032824
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt084445
IRS990/AccountsReceivableGrp/BOYAmt023277
IRS990/AccountsReceivableGrp/EOYAmt0133666
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0PI KAPPA PHI PROPERTIES, INC IS ORGANIZED FOR PLEASURE, RECREATION AND OTHER NON-PROFIT PURPOSES. SPECIFICALLY, PI KAPPA PHI PROPERTIES, INC.'S PURPOSE IS TO PROVIDE HOUSING AND MANAGEMENT EXPERTISE FOR LOCAL CHAPTERS OF PI KAPPA PHI FRATERNITY.
IRS990/AllOtherExpensesGrp/TotalAmt0390766
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0MARK E TIMMES
IRS990/BooksInCareOfDetail/PhoneNum07045040888
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt02015 AYRSLEY TOWN BLVD STE 200
IRS990/BooksInCareOfDetail/USAddress/CityNm0CHARLOTTE
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NC
IRS990/BooksInCareOfDetail/USAddress/ZIPCd028273
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt0850516
IRS990/CashNonInterestBearingGrp/EOYAmt01034650
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt028361
IRS990/CYOtherExpensesAmt02494357
IRS990/CYOtherRevenueAmt0448793
IRS990/CYProgramServiceRevenueAmt02836480
IRS990/CYRevenuesLessExpensesAmt0512070
IRS990/CYSalariesCompEmpBnftPaidAmt0307207
IRS990/CYTotalExpensesAmt02801564
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt03313634
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt0162676
IRS990/DeferredRevenueGrp/EOYAmt0168676
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/TotalAmt0639358
IRS990/Desc0TO PROVIDE HOUSING ASSISTANCE TO APPROXIMATELY 10,000 MEMBERS AT 180 CHAPTERS ACROSS THE COUNTRY.
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt05
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/ExpenseAmt02810195
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/TotalAmt075199
IRS990/FeesForServicesLegalGrp/TotalAmt016401
IRS990/FeesForServicesManagementGrp/TotalAmt077573
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt50.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt60.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt70.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt80.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt90.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt100.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt110.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt120.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt130.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt141.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt151.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd12X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd13X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd5X
IRS990/Form990PartVIISectionAGrp/OfficerInd6X
IRS990/Form990PartVIISectionAGrp/OfficerInd7X
IRS990/Form990PartVIISectionAGrp/OfficerInd8X
IRS990/Form990PartVIISectionAGrp/OfficerInd9X
IRS990/Form990PartVIISectionAGrp/OfficerInd10X
IRS990/Form990PartVIISectionAGrp/OfficerInd11X
IRS990/Form990PartVIISectionAGrp/OfficerInd12X
IRS990/Form990PartVIISectionAGrp/OfficerInd13X
IRS990/Form990PartVIISectionAGrp/OfficerInd14X
IRS990/Form990PartVIISectionAGrp/OfficerInd15X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1418861
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt154189
IRS990/Form990PartVIISectionAGrp/PersonNm0ANTHONY M NOCE
IRS990/Form990PartVIISectionAGrp/PersonNm1ERIC J ALMQUIST
IRS990/Form990PartVIISectionAGrp/PersonNm2A GLENN ASPINWALL
IRS990/Form990PartVIISectionAGrp/PersonNm3GREGORY V LINDER
IRS990/Form990PartVIISectionAGrp/PersonNm4JAY J STUCKEL
IRS990/Form990PartVIISectionAGrp/PersonNm5MICHAEL S HARTMAN
IRS990/Form990PartVIISectionAGrp/PersonNm6NICHOLAS J LINDER
IRS990/Form990PartVIISectionAGrp/PersonNm7I TIMOTHY HANCOCK
IRS990/Form990PartVIISectionAGrp/PersonNm8WALTER T WAHLFELD
IRS990/Form990PartVIISectionAGrp/PersonNm9RUSSELL H ANDERSON
IRS990/Form990PartVIISectionAGrp/PersonNm10BENJAMIN B BUSH
IRS990/Form990PartVIISectionAGrp/PersonNm11JOHN R BRADFORD III
IRS990/Form990PartVIISectionAGrp/PersonNm12WILLIAM FURLING
IRS990/Form990PartVIISectionAGrp/PersonNm13JASON STEIN
IRS990/Form990PartVIISectionAGrp/PersonNm14MARK E TIMMES
IRS990/Form990PartVIISectionAGrp/PersonNm15MARVIN S HACKNEY
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt14186350
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt1597500
IRS990/Form990PartVIISectionAGrp/TitleTxt0TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt1NATIONAL COUNCIL REPRESENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE PRESIDENT-ACQUISITION
IRS990/Form990PartVIISectionAGrp/TitleTxt3VICE PRESIDENT-CONSTRUCTIO
IRS990/Form990PartVIISectionAGrp/TitleTxt4MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt6VICE PRESIDENT-ILF
IRS990/Form990PartVIISectionAGrp/TitleTxt7MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9STUDENT LIAISON
IRS990/Form990PartVIISectionAGrp/TitleTxt10SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt11MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt15CFO
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/Form990TFiledInd01
IRS990/FormationYr01966
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt013
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt03313634
IRS990/GrossReceiptsForPublicUseAmt00
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt013
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt018495
IRS990/InitiationFeesAndCapContriAmt00
IRS990/InsuranceGrp/TotalAmt0116595
IRS990/InterestGrp/TotalAmt0340456
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt028280
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt028361
IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt081
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt026
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt03986056
IRS990/LandBldgEquipBasisNetGrp/BOYAmt010523974
IRS990/LandBldgEquipBasisNetGrp/EOYAmt013617326
IRS990/LandBldgEquipCostOrOtherBssAmt017603382
IRS990/LegalDomicileStateCd0FL
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0PI KAPPA PHI PROPERTIES, INC IS ORGANIZED FOR PLEASURE, RECREATION AND OTHER NON-PROFIT PURPOSES. SPECIFICALLY, PI KAPPA PHI PROPERTIES, INC.'S PURPOSE IS TO PROVIDE HOUSING AND MANAGEMENT EXPERTISE FOR LOCAL CHAPTERS OF PI KAPPA PHI FRATERNITY.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt06845839
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt010390585
IRS990/NetAssetsOrFundBalancesBOYAmt04445125
IRS990/NetAssetsOrFundBalancesEOYAmt04957195
IRS990/NetUnrelatedBusTxblIncmAmt0103890
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt016659
IRS990/OfficeExpensesGrp/TotalAmt012688
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0149064
IRS990/OtherAssetsTotalGrp/EOYAmt0241402
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt028160
IRS990/OtherExpensesGrp/Desc0UNRELATED BUSINESS INCO
IRS990/OtherExpensesGrp/Desc1UTILITIES
IRS990/OtherExpensesGrp/Desc2EQUIPMENT RENTAL & MAIN
IRS990/OtherExpensesGrp/Desc3TAXES
IRS990/OtherExpensesGrp/TotalAmt04654
IRS990/OtherExpensesGrp/TotalAmt1337397
IRS990/OtherExpensesGrp/TotalAmt2242993
IRS990/OtherExpensesGrp/TotalAmt3153852
IRS990/OtherLiabilitiesGrp/BOYAmt066983
IRS990/OtherLiabilitiesGrp/EOYAmt057654
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0448793
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0448793
IRS990/OtherRevenueTotalAmt0448793
IRS990/OtherSalariesAndWagesGrp/TotalAmt0261049
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0397898
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0517071
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt013882
IRS990/PensionPlanContributionsGrp/TotalAmt04116
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0102825
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0108547
IRS990/PrincipalOfficerNm0MARK E TIMMES
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/BusinessCd2531110
IRS990/ProgramServiceRevenueGrp/BusinessCd3531110
IRS990/ProgramServiceRevenueGrp/BusinessCd4531110
IRS990/ProgramServiceRevenueGrp/Desc0FOOD-COLUMBIA SC
IRS990/ProgramServiceRevenueGrp/Desc1RENT-COLUMBIA SC
IRS990/ProgramServiceRevenueGrp/Desc2RENT-TUCSON, AZ
IRS990/ProgramServiceRevenueGrp/Desc3RENT-LOS ANGELES, CA
IRS990/ProgramServiceRevenueGrp/Desc4RENT-ANN ARBOR, MI
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0302191
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1252000
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2213569
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3205728
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0302191
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1252000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2230535
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3213569
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt4205728
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt0230535
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt033683
IRS990/PYOtherExpensesAmt02000285
IRS990/PYOtherRevenueAmt0291791
IRS990/PYProgramServiceRevenueAmt02242633
IRS990/PYRevenuesLessExpensesAmt0275727
IRS990/PYSalariesCompEmpBnftPaidAmt0292095
IRS990/PYTotalExpensesAmt02292380
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02568107
IRS990/ReconcilationRevenueExpnssAmt0512070
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt03083018
IRS990/SavingsAndTempCashInvstGrp/BOYAmt05893
IRS990/SavingsAndTempCashInvstGrp/EOYAmt05893
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt07898308
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01897978
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt09796286
IRS990ScheduleD/EquipmentGrp/BookValueAmt0104318
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0325808
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0430126
IRS990ScheduleD/LandGrp/BookValueAmt02250323
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt02250323
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt02384
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt06637
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt09021
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt03361993
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01755633
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt05117626
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt057654
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0OTHER SECURITY DEPOSITS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt013617326
IRS990ScheduleD/TotalLiabilityAmt057654
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt048950
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0123000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt018861
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt014400
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0MARK E TIMMES
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0205211
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0THE METHODS USED BY A RELATED ORGANIZATION TO ESTABLISH COMPENSATION OF THE CEO/EXECUTIVE DIRECTOR ARE AS FOLLOWS: WRITTEN EMPLOYMENT CONTRACT COMPENSATION SURVEY OR STUDY APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 3
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PRIOR TO FILING THE FORM 990, THE CHIEF FINANCIAL OFFICER AND CHIEF EXECUTIVE OFFICER OF PI KAPPA PHI PROPERTIES CONDUCT A DETAILED REVIEW OF THE TAX RETURN. A REVIEW LIST OF ANY QUESTIONS AND COMMENTS IS PREPARED AND DISCUSSED WITH THE TAX RETURN PREPARER. UPON SATISFACTION OF ANY FOLLOW-UP ITEMS, AN ELECTRONIC OR HARD COPY OF THE FINAL RETURN IS FORWARDED TO EACH BOARD MEMBER FOR REVIEW PRIOR TO FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PI KAPPA PHI PROPERTIES REQUIRES EACH BOARD MEMBER TO REVEAL POSSIBLE CONFLICTS OF INTEREST IN AN ANNUAL DISCLOSURE STATEMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2TAX RETURN IS AVAILABLE FOR REVIEW BY WRITTEN REQUEST TO THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FOOD 150,492. LEASE EXPENSE 108,749. MISCELLANEOUS 77,738. CLOSING COSTS 31,290. BAD DEBT 11,400. OTHER PROFESSIONAL SERVICES 11,097.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 24E
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0PI KAPPA PHI FRATERNITY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0570340150
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(7)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0SC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0FRATERNITY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0PO BOX 240526
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0CHARLOTTE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd028224
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$15,658,555
Liabilities
$10,701,360
Net assets
$4,957,195
Revenue
$3,313,634
Expenses
$2,801,564
Net income
$512,070
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$37.2$27.5$9.62$10.4$9.26$1.13
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$36.2$27.7$8.48$10.7$8.92$1.77
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$34.8$28.1$6.71$7.75$9.12$1.36
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$34.7$26.6$8.07$7.88$8.96$1.09
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$38.0$28.8$9.16$7.87$7.52$0.35
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$32.0$23.2$8.81$9.35$5.94$3.41
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$20.9$15.5$5.40$5.01$4.79$0.23
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$21.0$15.8$5.18$4.29$4.07$0.22
2015Detailed filing. Detailed filing data is available for this year.$15.7$10.7$4.96$3.31$2.80$0.51
2014Detailed filing. Detailed filing data is available for this year.$12.1$7.61$4.45$2.57$2.29$0.28
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.84$5.67$4.17$2.21
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.4$6.35$4.04$1.81
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.91$5.96$3.95$1.58