IOTA DELTA OF PI KAPPA ALPHA HOUSI… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1987

Legal Domicile

Principal Officer

Eric Schue

Phone

3178404984

Tax Period

2023-07-01 to 2024-06-30

IOTA DELTA OF PI KAPPA ALPHA HOUSING CORPORATION, founded in 1987, is a small nonprofit that reported $249K in total revenue in fiscal year 2023. Expenses of $320K exceeded revenue, resulting in a 28% operating deficit.

Mission

Management and mortgage responsibility for the Buildings used by the Iota Delta Chapter of the Pi Kappa Alpha Fraternity

Program Service Accomplishments

Program 1

Expenses: $113,415 Revenue: $0

Sum of improvements

Program 2

Expenses: $66,000 Revenue: $0

Sum of mortgage expenses

Program 3

Expenses: $28,923 Revenue: $0

Sum of Repair expenses

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $225,801

Investment Income $3,584

Other Revenue $19,503

TOTAL REVENUE $248,888

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $319,701

Other Expenses $319,701

TOTAL EXPENSES $319,701

Year-over-Year Comparison

	2023	2022	Change
Revenue	$248,888	$232,180	+0.1%
Expenses	$319,701	$288,624	+0.1%
Net Income	$-70,813	$-56,444	+0.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

N/A

Employees

N/A

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mike Cirocco	President	4	Officer	$0	$0	$0
Elliot Bochnowski	Vice President	4	Officer	$0	$0	$0
Eric Schue	Treasurer	4	Officer	$0	$0	$0
Charley Beeman	Secretary	4	Officer	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$248,888	$319,701	$1,781,942	$-70,813
2023	$232,180	$288,624	$1,911,799	$-56,444
2022	$263,628	$225,177	$1,998,222	$38,451
2021	$274,626	$160,503	$1,993,545	$114,123

IOTA DELTA OF PI KAPPA ALPHA HOUSING CORPORATION