Phi Delta House Corporation
- Assets
- $8.5m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 14
- Location
- Starkville, MS
- Founding
- 05/1984
- Data as of
- 06/2022
- EIN
- 64-0679628
Organization Overview
Phi Delta House Corporation is located in Starkville, MS. The organization was established in 1984. According to its NTEE Classification (B83) the organization is classified as: Student Sororities & Fraternities, under the broad grouping of Education and related organizations. As of 06/2022, Phi Delta House Corporation employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Phi Delta House Corporation 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, Phi Delta House Corporation generated $1.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $1.5m during the year ending 06/2022. While expenses have increased by 2.2% per year over the past 7 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
TO ACQUIRE, BUILD, MAINTAIN AND OPERATE REAL ESTATE FOR USE AS A CHAPTER HOUSE FOR THE ACTIVE MEMBERS OF PHI DELTA CHAPTER OF CHI OMEGA FRATERNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE AND MAINTAIN HOUSING FOR THE ACTIVE MEMBERS OF PHI DELTA CHAPTER OF CHI OMEGA FRATERNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura Bryan Treasurer | OfficerTrustee | $0 | |
Kathryn Laughlin Vice Preside | OfficerTrustee | $0 | |
Shurley Sugg President | OfficerTrustee | $0 | |
Jennifer Portera Secretary | OfficerTrustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,646,026 |
| Investment income | $165,073 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$13,915 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,811,392 |
| 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 | $221,615 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $27,796 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,830 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $9,944 |
| Fees for services: Investment Management | $26,902 |
| Fees for services: Other | $69,335 |
| Advertising and promotion | $0 |
| Office expenses | $959 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $479,145 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $275,288 |
| Insurance | $1,737 |
| All other expenses | $989 |
| Total functional expenses | $1,463,253 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $59,094 |
| Savings and temporary cash investments | $1,277 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,820 |
| 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 | $5,279,916 |
| Investments—publicly traded securities | $2,878,988 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $250,582 |
| Total assets | $8,482,677 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $79 |
| 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 | $5,012,430 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $14,728 |
| Total liabilities | $5,027,237 |
| Net assets without donor restrictions | $3,455,440 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $8,482,677 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Phi Delta House Corporation has recieved totaling $10,734.
| Awarding Organization | Amount |
|---|---|
Chi Omega Foundation Memphis, TN PURPOSE: EDUCATIONAL AREA HOUSING GRANT | $10,734 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Phi Theta Kappa Jackson, MS | $30,434,221 | $16,557,458 |
Alpha Omicron Pi Fraternity Inc Brentwood, TN | $57,425,535 | $8,065,959 |
Honor Society Of Phi Kappa Phi Baton Rouge, LA | $65,517,375 | $6,309,664 |
Alpha Gamma Delta Fraternity Tuscaloosa, AL | $2,561,270 | $3,643,915 |
House Board Of Gamma Pi Of Kappa Kappa Gamma Tuscaloosa, AL | $20,813,023 | $3,697,163 |
Nautilus Management Inc Memphis, TN | $16,834,211 | $2,172,564 |
Alabama Beta Of Pi Beta Phi House Association Incorporated Tuscaloosa, AL | $16,056,470 | $2,809,750 |
The Tau Beta Pi Association Inc Knoxville, TN | $43,758,884 | $4,633,459 |
Kappa Delta Sorority Tuscaloosa, AL | $18,544,101 | $3,357,016 |
Alpha Chi Omega Alpha Upsilon House Corporation Tuscaloosa, AL | $17,872,945 | $3,140,605 |
Phi Mu House Corporation Tuscaloosa, AL | $18,579,547 | $3,616,804 |
Alpha Delta Pi Building Corporation Tuscaloosa, AL | $14,319,134 | $2,607,081 |