Totals
- Total revenue
- $10,389,522
- Total expenses
- $9,260,074
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $7,885,027
- Investment income
- $40,879
- Other revenue
- $2,463,616
- Total assets, end of year
- $37,161,340
- Total liabilities, end of year
- $27,545,797
- Net assets or fund balances, end of year
- $9,615,543
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- $9,260,074
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
2a · Program service revenue: RENT
total $4,875,671 · related or exempt $4,875,671
-
2b · Program service revenue: MEAL PLAN
total $2,166,825 · related or exempt $2,166,825
-
2c · Program service revenue: PARLOR FEES
total $769,600 · related or exempt $769,600
-
2d · Program service revenue: LATE FESS
total $49,020 · related or exempt $49,020
-
2e · Program service revenue: CAMPAIGN/CONSTTRUCTION INCOME
total $23,911 · related or exempt $23,911
-
3 · Investment income
total $40,879 · related or exempt $40,879
-
11a · Other revenue: MISCELLANEOUS
total $2,463,616 · related or exempt $2,463,616
-
11e · Other revenue, total
$2,463,616
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $1,056,864
-
8 · Pension plan contributions
total $12,226
-
9 · Other employee benefits
total $9,820
-
10 · Payroll taxes
total $35,339
-
11a · Fees: management
total $318,565
-
11b · Fees: legal
total $5,139
-
11c · Fees: accounting
total $64,322
-
11g · Fees: other
total $116,888
-
12 · Advertising and promotion
total $1,010
-
13 · Office expenses
total $10,568
-
14 · Information technology
total $39,277
-
16 · Occupancy
total $19,465
-
17 · Travel
total $37,810
-
20 · Interest
total $847,706
-
22 · Depreciation, depletion and amortization
total $1,426,685
-
23 · Insurance
total $175,800
-
24a · Other expenses: FOOD
total $1,765,473
-
24b · Other expenses: REPAIRS & MAINTENANCE
total $1,196,928
-
24c · Other expenses: UTILITIES
total $931,179
-
24d · Other expenses: BAD DEBT
total $326,232
-
24e · All other expenses
total $862,778
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,550,058 · end of year $880,494
-
2 · Savings and temporary cash investments
beginning of year $6,620 · end of year $6,620
-
4 · Accounts receivable
beginning of year $293,690 · end of year $304,927
-
7 · Other notes and loans receivable
beginning of year $2,227,745 · end of year $2,524,992
-
9 · Prepaid expenses and deferred charges
beginning of year $133,961 · end of year $141,322
-
10a · Land, buildings and equipment: cost or other basis
$43,224,144
-
10b · Land, buildings and equipment: accumulated depreciation
$11,055,070
-
10c · Land, buildings and equipment, net
beginning of year $30,704,851 · end of year $32,169,074
-
15 · Other assets
beginning of year $1,240,959 · end of year $1,133,911
-
17 · Accounts payable and accrued expenses
beginning of year $183,348 · end of year $179,381
-
19 · Deferred revenue
beginning of year $95,173 · end of year $77,537
-
23 · Secured mortgages and notes payable
beginning of year $22,257,604 · end of year $24,731,251
-
24 · Unsecured notes and loans payable
beginning of year $2,243,074 · end of year $2,498,218
-
25 · Other liabilities
beginning of year $2,895,673 · end of year $59,410
-
27 · Net assets without donor restrictions
beginning of year $8,483,012 · end of year $8,483,012
Mission and programs · 2022
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.
-
TO PROVIDE HOUSING ASSISTANCE TO APPROXIMATELY 10,000 MEMBERS AT 180 CHAPTERS ACROSS THE COUNTRY.
Expenses $9,260,074 · Revenue $10,389,522
As filed on the 2022 return.
Listed in Part VII
-
Anthony M NoceANTHONY M NOCE
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 0
-
Glenn AspinwallGLENN ASPINWALL
VICE PRESIDENT-ACQUISITION
- Total calculated
- $0
- Hours/week
- 0
-
Nicholas J LinderNICHOLAS J LINDER
TREASURER
- Total calculated
- $0
- Hours/week
- 0
-
Trey TiptonTREY TIPTON
SECRETARY
- Total calculated
- $0
- Hours/week
- 0
-
John R Bradford IIIJOHN R BRADFORD III
VICE PRESIDENT-ILF
- Total calculated
- $0
- Hours/week
- 0
-
David DaltonDAVID DALTON
MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Greg LinderGREG LINDER
MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Chet MirabalCHET MIRABAL
MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Jason SteinJASON STEIN
VICE CHAIRMAN - CONSTRUCTI
- Total calculated
- $0
- Hours/week
- 0
-
Lee NicholsLEE NICHOLS
MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
I Timothy HancockI TIMOTHY HANCOCK
MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Brandon SorensenBRANDON SORENSEN
MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Mke SullivanMKE SULLIVAN
MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Joe BradyJOE BRADY
NATIONAL COUNCIL REPRESENTATIVE
- Total calculated
- $0
- Hours/week
- 0
-
Mark E TimmesMARK E TIMMES
CEO EMERITUS
- Total calculated
- $210,696
- From this org
- $185,731
- From related orgs
- $0
- Other
- $24,965
- Hours/week
- 1
Schedule J breakdown matched by us
- Base
- $137,231
- Bonus
- $48,500
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $24,965
- Filer's total
- $210,696
-
Jake HendersonJAKE HENDERSON
CEO
- Total calculated
- $174,088
- From this org
- $168,029
- From related orgs
- $0
- Other
- $6,059
- Hours/week
- 1
Schedule J breakdown matched by us
- Base
- $168,029
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $6,059
- Filer's total
- $174,088
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 1a · Housing allowance or residence for personal use
- 1a · Health or social club dues or initiation fees
Answered no
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
The filer's explanations (Part III)
- PART I, LINE 3
- THE 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
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
501(C)(7) · FRATERNITY · SC
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 12 December 2023
- IRS schema version
- 2022v5.0
- Source object
- 202323559349301657
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