PI KAPPA PHI PROPERTIES INC

EIN: 596216310

CHARLOTTE, NC

Total Revenue
$15,397,049
Total Expenses
$9,977,355
Total Assets
$43,977,882
Net Assets
$15,035,859
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1966
Legal Domicile
FL
Principal Officer
MATTHEW ZELLARS
Phone
7045040888
Tax Period
2023-07-01 to 2024-06-30

PI KAPPA PHI PROPERTIES INC, founded in 1966, is a mid-sized nonprofit that reported $15.4M in total revenue in fiscal year 2023. Revenue surged 48% from the prior year, signaling strong growth momentum. The organization ran a surplus of $5.4M, a strong 35% operating margin.

Mission

PI KAPPA PHI PROPERTIES, INC IS ORGANIZED FOR PLEASURE, RECREATION AND OTHER NONPROFIT PURPOSES.SPECIFICALLY, PI KAPPA PHI PROPERTIES, INC.'S PURPOSE IS TO PROVIDE HOUSING AND MANAGEMENT EXPERTISE FOR LOCAL CHAPTERS OF PI KAPPA PHI FRATERNITY

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Trantor Score

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

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $5,898,145
Program Service Revenue $8,422,003
Investment Income $99,752
Other Revenue $977,149
TOTAL REVENUE $15,397,049

Expense Breakdown

Grants Paid $0
Salaries & Benefits $902,993
Fundraising Expenses $0
Program Expenses $9,977,355
Other Expenses $9,074,362
TOTAL EXPENSES $9,977,355

Year-over-Year Comparison

2023 2022 Change
Revenue $15,397,049 $10,389,522 +0.5%
Expenses $9,977,355 $9,260,074 +0.1%
Net Income $5,419,694 $1,129,448 +3.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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

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Liquidity & Cash Position

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Governance

Voting Members
13
Independent Members
13
Employees
4
Volunteers
N/A

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
9
$526,979
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TONY NOCE CHAIRMAN 0.00
Officer Director
$0 $0 $0
JOHN BRADFORD VICE PRESIDENT - PROP MGMT 0.00
Officer Director
$0 $0 $0
GLENN ASPINWALL VICE PRESIDENT - ACQUISITION 0.00
Officer Director
$0 $0 $0
JASON STEIN VICE PRESIDENT - CONSTRUCTION 0.00
Officer Director
$0 $0 $0
NICK LINDER TREASURER 0.00
Officer Director
$0 $0 $0
TREY TIPTON SECRETARY 0.00
Officer Director
$0 $0 $0
CHET MIRABAL MEMBER 0.00
Director
$0 $0 $0
LEE NICHOLS MEMBER 0.00
Director
$0 $0 $0
DAVID DALTON MEMBER 0.00
Director
$0 $0 $0
BRANDON SORENSEN MEMBER 0.00
Director
$0 $0 $0
GREG LINDER MEMBER 0.00
Director
$0 $0 $0
TIM HANCOCK MEMBER 0.00
Director
$0 $0 $0
MIKE SULLIVAN MEMBER 0.00
Director
$0 $0 $0
JAKE HENDERSON CEO 40.00
Officer
$0 $8,431 $278,431
MATTHEW ZELLARS CFO 40.00
Officer
$32,115 $5,881 $94,861
GREG BUEHNER PRESIDENT 40.00
Officer
$147,658 $6,029 $153,687
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
2025 No data No data No data No data
2024 $15,397,049 $9,977,355 $43,977,882 $5,419,694
2023 $10,389,522 $9,260,074 $37,161,340 $1,129,448
2022 $10,688,194 $8,917,165 $36,157,884 $1,771,029
2021 $7,753,647 $9,116,119 $34,772,740 $-1,362,472
2020 $7,875,590 $8,963,623 $34,706,217 $-1,088,033
2019 $7,866,223 $7,516,914 $38,000,405 $349,309
2018 $9,350,222 $5,940,589 $32,017,059 $3,409,633
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