Civic Intelligence

Lambda Chi Alpha Properties Inc

990 • Fiscal year 2016 • EIN 91-2088961

Jul 01, 2015 to Jun 30, 2016 • Filed on Jan 23, 2017

Organization ProfileWWW.LAMBDACHI.ORG
11711 N Pennsylvania Street No 250Carmel, IN 46032

(317) 872-8000

Siviq Scores

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

Liabilities / Assets

98th percentile

1.37x

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

2016 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

99th percentile

18.83x

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

2016 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2016

Net Margin

97th percentile

70%

Higher net margin than 97% of similar nonprofits.

2016 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

72nd percentile

$0

Higher top officer pay than 72% of similar nonprofits.

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

2016 filings • 501(c)7 • $1M-$5M nonprofits • Source year 2016

Asset Growth

16th percentile

-5.0%

Faster asset growth than 16% of similar nonprofits.

2016 filings • 501(c)7 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

99th percentile

228%

Faster revenue growth than 99% of similar nonprofits.

2016 filings • 501(c)7 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets98th percentile

Assets

Down

$1,087,369

Down $56,824 (-5.0%) from 2015

Net Assets

Up

-$405,668

Up $55,394 (+12%) from 2015

Liabilities

Down

$1,493,037

Down $112,218 (-7.0%) from 2015

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin97th percentile

Revenue

Up

$79,270

Up $55,087 (+228%) from 2015

Expenses

Down

$23,876

Down $2,488 (-9.4%) from 2015

Net Income

Up

$55,394

Up $57,575 (+2640%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth16th 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

2016

Assets$1,087,369
Liabilities$1,493,037
Net Assets-$405,668
Open 2016 Filing

Operations Trend

Revenue Growth99th 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

2016

Revenue$79,270
Expenses$23,876
Net Income$55,394
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Jan 23, 2017
Return Version
2015v3.0
Gross Receipts
$234,122
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$1,053,459$923,954▼ $129,505
Cash and Non-Interest-Bearing Accounts$5,476$146,324▲ $140,848
Other Notes and Loans Receivable, Net$64,861$8,850▼ $56,011
Prepaid Expenses and Deferred Charges$14,578$8,241▼ $6,337
Savings and Temporary Cash Investments$5,819$0▼ $5,819
Total Assets$1,144,193$1,087,369▼ $56,824
Liabilities
Other Liabilities$1,185,803$1,184,721▼ $1,082
Mortgage Notes Payable Secured by Investment Property$386,061$274,925▼ $111,136
Accounts Payable and Accrued Expenses$33,391$33,391→ $0
Total Liabilities$1,605,255$1,493,037▼ $112,218
Net Assets / Fund Balance
Unrestricted Net Assets$-461,062$-405,668▲ $55,394
Total Net Assets Fund Balance$-461,062$-405,668▲ $55,394
Total Liabilities and Net Assets / Fund Balance$1,144,193$1,087,369▼ $56,824

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$409,952$455,048$865,000
Land$400,000-$400,000
Leasehold Improvements$114,002$140,712$254,714
Equipment$0$54,333$54,333
Compensation and Service Providers
Top Officer Pay72nd percentile

Board Members and Trustees

NameTitle
Michael a SmithPresident
William T FarkasVice President
Michele CamarcoSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$329
Investment Income
$31,031
Other Revenue
$47,910
Change in Net Assets
$55,394
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$23,876
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---$21,818
Fees for Services Accounting---$2,000
Office Expenses---$58
Total Functional Expenses$0$0$0$23,876
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$1,087,221
Security Deposits$62,500
Legal Reserve$35,000
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

Filer Name
Lambda Chi Alpha Properties Inc
EIN
91-2088961
Phone
3178728000
Address
11711 N PENNSYLVANIA STREET NO 250, CARMEL, IN 46032

Signing Officer

Name
Michael a Smith
Title
Chairman
Phone
3178728000
Signed
2017-01-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael a Smith
Formed
1999
Legal Domicile
In
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
5

Preparer

Firm
K B Parrish & Co Llp
Address
6840 EAGLE HIGHLANDS WAY, INDIANAPOLIS, IN 46254
Preparer
Ryan Keith CPA
Phone
3173475200
Raw XML Appendix289 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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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.
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt06840 EAGLE HIGHLANDS WAY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0INDIANAPOLIS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd046254
ReturnHeader/PreparerPersonGrp/PhoneNum03173475200
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RYAN KEITH CPA
ReturnHeader/ReturnTs02017-02-03T15:23:21-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-07-01
ReturnHeader/TaxPeriodEndDt02016-06-30
ReturnHeader/TaxYr02015

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,087,369
Liabilities
$1,493,037
Net assets
-$405,668
Revenue
$79,270
Expenses
$23,876
Net income
$55,394
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
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2016 filings • 501(c)7 • $1M-$5M nonprofits