Lambda Chi Alpha Properties INC: Nonprofit Profile, Financials & Form 990 (EIN 91-2088961)

Revenue by fiscal year
FY2020	$5K
FY2021	$415K

Expenses by fiscal year
FY2020	$0
FY2021	$178K

Net assets by fiscal year
FY2020	−$237K
FY2021	$0

Is it real?

Yes. Never revoked by the IRS. Files the 990-N e-Postcard (latest 2021). Last full Form 990: 2020.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII

Troy Medley

President

$0Pt VII · Sec A

Tad Lichtenauer

Vice President

$0Pt VII · Sec A

Tony Robinson

Secretary/Treasurer

$0Pt VII · Sec A

See Lambda Chi Alpha Properties INC executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Offers housing, education, and programs to Lambda Chi Alpha fraternity chapters and house corporations.

Questions for Lambda Chi Alpha Properties INC

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1 program · in their own filed words · FY2020

01

Manages certain properties for the benefit of member chapters of lambda chi alpha fraternity, inc. Provides assistance to chapters by aiding in the process of obtaining loans for housing purposes.

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 91-2088961) · Dispute this line

Pt IX · Ln 25 · col B

By the numbers

The FY2021 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$415K

Ln 12

Other incomeLn 4–11$415K

Money outPt IX

$178K

Ln 25

Owns and owesPt X

$0

net assets · Ln 32

Total assetsLn 16$0

LiabilitiesLn 26$0

PeoplePt VI, VII

3

listed · VII A

PaidVII A0

Voting boardVI 1a3

IndependentVI 1b3

2In more detail

Revenue in detailPt VIII

Other incomeLn 4–11$415K

Total revenueLn 12$415K

Assets in detailPt X, end of year

Total assetsLn 16$0

LiabilitiesLn 26$0

Net assetsLn 32$0

OperationsPt I, VI

EmployeesI 50

VolunteersI 60

Fiscal year endsHeaderJune

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY21	End FY21
Total assetsLn 16	$854K	$0
LiabilitiesLn 26	$1.1M	$0
Net assetsLn 32	−$237K	$0

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other fees for servicesLn 11g	$178K
Total functional expensesLn 25	$178K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2021 Latest ViewingFiled with the IRS Mar 15, 2022	$415K	$178K	$237K	$0	990 PDF
FY2020Filed with the IRS May 17, 2021	$5K	$0	$5K	−$237K	990 PDF

Files the 990-N e-Postcard (latest 2021). Last full Form 990: 2020. The 990-N has no money details, and postcard years before 2021 are not published by the IRS.

Schedules filed Part IV

I · Grants O · Explanations

See the full FY2021 990

Part I · Summary $415,087 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $0$0

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $4,548$0

I-11 Other revenuePrior year $0$415,087

I-12 Total revenuePrior year $4,548$415,087

I-13 Grants and similar amounts paidPrior year $0$0

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $0$0

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $0$177,857

I-18 Total expensesPrior year $0$177,857

I-19 Revenue less expensesPrior year $4,548$237,230

Part VI · Governance 3 of 3 board members independent, 1 to look at

VI-1a Voting members of the governing body3

VI-1b Independent voting members3

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

Part VIII · Statement of revenue $415,087 across 2 lines filed

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $415,087$415,087

VIII-12 Total revenueRelated to mission $415,087 · Unrelated business $0 · Excluded from tax $0$415,087

Part IX · Statement of functional expenses $177,857 across 1 line filed

IX-11g Other fees for services$177,857

IX-25 Total functional expenses$177,857

Part X · Balance sheet $0 assets, 6 lines filed

X-16 Total assetsStart of year $853,656$0

X-25 Other liabilitiesStart of year $1,090,886$0

X-26 Total liabilitiesStart of year $1,090,886$0

X-27 Net assets without donor restrictionsStart of year −$237,230$0

X-32 Total net assets or fund balancesStart of year −$237,230$0

X-33 Total liabilities and net assetsStart of year $853,656$0

Part XI · Reconciliation of net assets $0 net assets at year end

XI-1 Total revenue$415,087

XI-2 Total expenses$177,857

XI-3 Revenue less expenses$237,230

XI-4 Net assets at start of year−$237,230

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$0

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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Lambda Chi Alpha Properties INC

Before you give

Is it real?

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Lambda Chi Alpha Properties INC

By the numbers

Filing history

Schedules filed Part IV