Psi Delta House Corp
- Assets
- $366.9k
- Revenue
- $238.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Winstonsalem, NC
- Founding
- Data as of
- 06/2022
- EIN
- 23-7086508
Organization Overview
Psi Delta House Corp is located in Winstonsalem, NC. Psi Delta House Corp is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 06/2022, Psi Delta House Corp generated $238.4k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 23.7% each year . All expenses for the organization totaled $184.9k during the year ending 06/2022. While expenses have increased by 7.5% per year over the past 2 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
FOSTER THE DEVELOPMENT OF UNDERGRADUATE STUDENTS AT WAKE FOREST UNIVERSITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PSI DELTA HOUSE CORP IS AN ORGANIZATION WITH A MISSION TO PROVIDE FELLOWSHIP AND FOSTER DEVELOPMENT FOR UNDERGRADUATE STUDENTS AT WAKE FOREST UNIVERSITY. THE ASSETS AND CASH FLOWS OF THE ORGANIZATION REVOLVE AROUND A RESIDENCE IN WINSTON-SALEM, NC ALTHOUGH THE PURPOSE OF THE ENTITY IS FOR THE SUPPORT OF THE UNDERGRADUATES AND THEIR RESPONSIBLE GROWTH AS MEMBERS OF SOCIETY. THERE ARE NO INDIVIDUALS WHO RECEIVE COMPENSATION OR SIMILAR MONETARY BENEFITS FROM THE ORGANIZATION; RATHER, ALL MONIES COLLECTED BECOME EXPENDITURES FOR THE MAINTENANCE OF THE AFOREMENTIONED PROPERTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Connor Mccallister Board Member | Trustee | 1 | $0 |
James Bucknam Board Member | Trustee | 1 | $0 |
Troy Benish Board Member | Trustee | 1 | $0 |
Richard Maloy Jr President | OfficerTrustee | 2 | $0 |
John Belford Vice Preside | OfficerTrustee | 2 | $0 |
Raymond Deal Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $186,130 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $52,308 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $238,438 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $238,438 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $4,205 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,850 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $59,045 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $18,662 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $52,815 |
| Insurance | $9,161 |
| All other expenses | $0 |
| Total functional expenses | $184,926 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $112,374 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $236,537 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $18,000 |
| Total assets | $366,911 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $446,881 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,351 |
| Total liabilities | $453,232 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | -$86,321 |
| Total liabilities and net assets/fund balances | $366,911 |