Phi Delta House Corporation
- Assets
- $9.0m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 19
- Location
- Starkville, MS
- Founding
- 05/1984
- Data as of
- 06/2024
- 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 06/2024, Phi Delta House Corporation employed 19 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 06/2024, Phi Delta House Corporation generated $1.8m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $1.6m during the year ending 06/2024. While expenses have increased by 2.8% per year over the past 9 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
2024
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 | |
Jennifer Portera Secretary | OfficerTrustee | $0 | |
Shurley Sugg President | 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 | $1,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,000 |
| Total Program Service Revenue | $1,741,379 |
| Investment income | $37,636 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$23,737 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,796,998 |
| 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 | $226,586 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $23,452 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,730 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $9,270 |
| Fees for services: Investment Management | $9,553 |
| Fees for services: Other | $81,219 |
| Advertising and promotion | $0 |
| Office expenses | $630 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $457,359 |
| 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 | $376,865 |
| Insurance | $2,641 |
| All other expenses | $3,111 |
| Total functional expenses | $1,613,779 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $132,476 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $736,683 |
| 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 | $17,292 |
| Net Land, buildings, and equipment | $6,876,976 |
| Investments—publicly traded securities | $1,276,103 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,039,530 |
| 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 | $4,658,704 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $621,917 |
| Total liabilities | $5,280,621 |
| Net assets without donor restrictions | $3,758,909 |
| 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 | $9,039,530 |