Civic Intelligence

Lambda Chi Alpha Properties Inc

990 • Fiscal year 2014 • EIN 91-2088961

Jul 01, 2013 to Jun 30, 2014 • Filed on May 12, 2015

Organization ProfileWWW.LAMBDACHI.ORG
11711 N Pennsylvania Street No 25046032

(317) 872-8000

Siviq Scores

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

Liabilities / Assets

97th percentile

1.38x

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

2014 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

99th percentile

20.45x

Higher debt load relative to revenue than 99% of similar nonprofits.

2014 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2014

Net Margin

91st percentile

33%

Higher net margin than 91% of similar nonprofits.

2014 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

70th percentile

$0

Higher top officer pay than 70% of similar nonprofits.

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

2014 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2014

Asset Growth

23rd percentile

-3.7%

Faster asset growth than 23% of similar nonprofits.

2014 filings • 501(c)7 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

5th percentile

-24%

Faster revenue growth than 5% of similar nonprofits.

2014 filings • 501(c)7 • $1M-$5M nonprofits • Annualized from 2011 to 2014

Balance Sheet
Liabilities / Assets97th percentile

Assets

Down

$1,207,041

Down $46,930 (-3.7%) from 2013

Net Assets

Up

-$458,881

Up $27,241 (+5.6%) from 2013

Liabilities

Down

$1,665,922

Down $74,171 (-4.3%) from 2013

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin91st percentile

Revenue

$81,471

No earlier filing loaded for comparison.

Expenses

Down

$54,230

Down $5,065 (-8.5%) from 2013

Net Income

$27,241

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth23rd percentile

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

$2.0M$1.0M$0-$1.0MAssets 2011: $1,388,173Liabilities 2011: $1,773,178Net Assets 2011: -$385,0052011Assets 2012: $1,304,046Liabilities 2012: $1,711,275Net Assets 2012: -$407,2292012Assets 2013: $1,253,971Liabilities 2013: $1,740,093Net Assets 2013: -$486,1222013Assets 2014: $1,207,041Liabilities 2014: $1,665,922Net Assets 2014: -$458,8812014Assets 2015: $1,144,193Liabilities 2015: $1,605,255Net Assets 2015: -$461,0622015Assets 2016: $1,087,369Liabilities 2016: $1,493,037Net Assets 2016: -$405,6682016Assets 2017: $993,339Liabilities 2017: $1,131,934Net Assets 2017: -$138,5952017Assets 2018: $842,766Liabilities 2018: $1,089,036Net Assets 2018: -$246,2702018Assets 2019: $849,108Liabilities 2019: $1,090,886Net Assets 2019: -$241,7782019Assets 2020: $853,656Liabilities 2020: $1,090,886Net Assets 2020: -$237,2302020Assets 2021: $0Liabilities 2021: $0Net Assets 2021: $02021

Highlighted filing

2014

Assets$1,207,041
Liabilities$1,665,922
Net Assets-$458,881
Open 2014 Filing

Operations Trend

Revenue Growth5th percentile

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

$600K$400K$200K$0-$200KRevenue 2011: $187,995Expenses 2011: $356,020Net Income 2011: -$168,0252011Expenses 2012: $51,1392012Expenses 2013: $59,2952013Revenue 2014: $81,471Expenses 2014: $54,230Net Income 2014: $27,2412014Revenue 2015: $24,183Expenses 2015: $26,364Net Income 2015: -$2,1812015Revenue 2016: $79,270Expenses 2016: $23,876Net Income 2016: $55,3942016Revenue 2017: $334,371Expenses 2017: $133,947Net Income 2017: $200,4242017Revenue 2018: -$150,550Expenses 2018: $40,433Net Income 2018: -$190,9832018Revenue 2019: $6,342Expenses 2019: $1,850Net Income 2019: $4,4922019Revenue 2020: $4,548Expenses 2020: $0Net Income 2020: $4,5482020Revenue 2021: $415,087Expenses 2021: $177,857Net Income 2021: $237,2302021

Highlighted filing

2014

Revenue$81,471
Expenses$54,230
Net Income$27,241
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
May 12, 2015
Return Version
2013v4.0
Gross Receipts
$190,972
Mission and Program Overview

Mission

To provide housing resources, education, direction, and programming to and for chapter and house corporations of lambda chi alpha fraternity, inc.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,147,457$1,100,125▼ $47,332
Other Notes and Loans Receivable, Net$75,424$70,314▼ $5,110
Cash and Non-Interest-Bearing Accounts$19,759$19,605▼ $154
Prepaid Expenses and Deferred Charges$9,114$10,243▲ $1,129
Savings and Temporary Cash Investments$2,217$6,754▲ $4,537
Accounts Receivable$0$0→ $0
Total Assets$1,253,971$1,207,041▼ $46,930
Liabilities
Other Liabilities$1,256,588$1,212,792▼ $43,796
Mortgage Notes Payable Secured by Investment Property$448,894$419,942▼ $28,952
Accounts Payable and Accrued Expenses$34,611$33,188▼ $1,423
Total Liabilities$1,740,093$1,665,922▼ $74,171
Net Assets / Fund Balance
Unrestricted Net Assets$-486,122$-458,881▲ $27,241
Total Net Assets Fund Balance$-486,122$-458,881▲ $27,241
Total Liabilities and Net Assets / Fund Balance$1,253,971$1,207,041▼ $46,930

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$522,642$502,258$1,024,900
Land$435,100-$435,100
Leasehold Improvements$142,383$158,042$300,425
Equipment$0$54,333$54,333
Compensation and Service Providers
Top Officer Pay70th percentile

Board Members and Trustees

NameTitle
Michael a SmithChairman
Kent RollisonDirector
Phillip ParkerDirector
Robert KochDirector
Thomas C LarsonTreasurer/secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$4,490
Investment Income
$0
Other Revenue
$76,981
Change in Net Assets
$27,241
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$54,230
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
Fees for Services Legal---$29,335
Depreciation Depletion---$21,819
Fees for Services Accounting---$2,100
Interest---$813
Office Expenses---$131
Other Expenses---$32
Total Functional Expenses$0$0$0$54,230
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
Note Payable - Lambda Chi Alpha Fraternity$1,089,167
Security Deposits$63,625
Legal Reserve$35,000
Note Payable - Lambda Chi Alpha Educational Foundation$25,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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

“The finance, audit, and executive committees are given a copy of the form 990 for approval. Upon approval, the form is signed and then distributed to the board via e-mail prior to filing.”

Form 990, Part VI, Section B, Line 15

“Form 990, part vi, sect. B, line 15 the organization does not specifically have employees, as they instead share one employee with the lambda chi alpha fraternity. The organization is not charged for the time spent by the employee.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon written or verbal request.”

Filing and Contact Details

Filer

EIN
91-2088961
Phone
3178728000

Signing Officer

Name
Michael a Smith
Title
Chairman
Phone
3178728000
Signed
2015-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael a Smith
Formed
1999
Legal Domicile
In
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
8

Preparer

Preparer
Ryan Keith CPA
Phone
3173475200
Raw XML Appendix311 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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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1NOTE PAYABLE - LAMBDA CHI ALPHA FRATERNITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2NOTE PAYABLE - LAMBDA CHI ALPHA EDUCATIONAL FOUNDATION
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FINANCE, AUDIT, AND EXECUTIVE COMMITTEES ARE GIVEN A COPY OF THE FORM 990 FOR APPROVAL. UPON APPROVAL, THE FORM IS SIGNED AND THEN DISTRIBUTED TO THE BOARD VIA E-MAIL PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990, PART VI, SECT. B, LINE 15 THE ORGANIZATION DOES NOT SPECIFICALLY HAVE EMPLOYEES, AS THEY INSTEAD SHARE ONE EMPLOYEE WITH THE LAMBDA CHI ALPHA FRATERNITY. THE ORGANIZATION IS NOT CHARGED FOR THE TIME SPENT BY THE EMPLOYEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON WRITTEN OR VERBAL REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
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IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.LAMBDACHI.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MICHAEL A SMITH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum03178728000
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-05-12
ReturnHeader/Filer/BusinessName/BusinessNameLine10LAMBDA CHI ALPHA PROPERTIES INC
ReturnHeader/Filer/BusinessNameControlTxt0LAMB
ReturnHeader/Filer/EIN0912088961
ReturnHeader/Filer/PhoneNum03178728000
ReturnHeader/Filer/USAddress/AddressLine1011711 N PENNSYLVANIA STREET NO 250
ReturnHeader/Filer/USAddress/City0CARMEL
ReturnHeader/Filer/USAddress/State0IN
ReturnHeader/Filer/USAddress/ZIPCode046032
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0350905983
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10K B PARRISH & CO LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine106840 EAGLE HIGHLANDS WAY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0INDIANAPOLIS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0IN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode046254
ReturnHeader/PreparerPersonGrp/PhoneNum03173475200
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RYAN KEITH CPA
ReturnHeader/ReturnTs02015-05-19T07:44:47-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-07-01
ReturnHeader/TaxPeriodEndDt02014-06-30
ReturnHeader/TaxYr02013

Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,207,041
Liabilities
$1,665,922
Net assets
-$458,881
Revenue
$81,471
Expenses
$54,230
Net income
$27,241
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2021Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.42$0.18$0.24
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.85$1.09$0.24$0.00$0.00$0.00
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.85$1.09$0.24$0.01$0.00$0.00
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.84$1.09$0.25$0.15$0.04$0.19
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.99$1.13$0.14$0.33$0.13$0.20
2016Detailed filing. Detailed filing data is available for this year.$1.09$1.49$0.41$0.08$0.02$0.06
2015Detailed filing. Detailed filing data is available for this year.$1.14$1.61$0.46$0.02$0.03$0.00
2014Detailed filing. Detailed filing data is available for this year.$1.21$1.67$0.46$0.08$0.05$0.03
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.25$1.74$0.49$0.06
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.30$1.71$0.41$0.05
2011Summary only. Only limited summary data is available for this year.$1.39$1.77$0.39$0.19$0.36$0.17