Civic Intelligence

Mason Housing Inc

990 • Fiscal year 2014 • EIN 11-3819953

Apr 01, 2013 to Mar 31, 2014 • Filed on Jun 15, 2014

Organization ProfileN/A
4350 staffordshire laneSuiteFairfax, VA 22030

(703) 993-9467

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

98th percentile

1.46x

Higher debt load relative to assets than 98% of similar nonprofits.

2014 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2014

Liabilities / Revenue

98th percentile

14.46x

Higher debt load relative to revenue than 98% of similar nonprofits.

2014 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2014

Net Margin

5th percentile

-35%

Higher net margin than 5% of similar nonprofits.

2014 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2014

Top Officer Pay

6th percentile

$0

Higher top officer pay than 6% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2014 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2014

Asset Growth

18th percentile

-2.6%

Faster asset growth than 18% of similar nonprofits.

2014 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2013 to 2014

Revenue Growth

51st percentile

4.5%

Faster revenue growth than 51% of similar nonprofits.

2014 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets98th percentile

Assets

Down

$33,967,094

Down $918,863 (-2.6%) from 2013

Net Assets

Up

-$15,695,374

Up $2,122,096 (+12%) from 2013

Liabilities

Down

$49,662,468

Down $3,040,959 (-5.8%) from 2013

Revenue And Expenses
Liabilities / Revenue98th percentileNet Margin5th percentile

Revenue

Up

$3,434,786

Up $148,422 (+4.5%) from 2013

Expenses

Up

$4,645,690

Up $110,676 (+2.4%) from 2013

Net Income

Up

-$1,210,904

Up $37,746 (+3.0%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth18th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$100M$50M$0-$50MAssets 2012: $35,990,182Liabilities 2012: $52,282,734Net Assets 2012: -$16,292,5522012Assets 2013: $34,885,957Liabilities 2013: $52,703,427Net Assets 2013: -$17,817,4702013Assets 2014: $33,967,094Liabilities 2014: $49,662,468Net Assets 2014: -$15,695,3742014Assets 2015: $32,928,573Liabilities 2015: $54,226,685Net Assets 2015: -$21,298,1122015Assets 2016: $32,020,405Liabilities 2016: $55,086,358Net Assets 2016: -$23,065,9532016Assets 2017: $30,875,696Liabilities 2017: $51,104,290Net Assets 2017: -$20,228,5942017Assets 2018: $29,924,730Liabilities 2018: $48,956,176Net Assets 2018: -$19,031,4462018Assets 2019: $27,945,412Liabilities 2019: $48,421,041Net Assets 2019: -$20,475,6292019Assets 2020: $26,976,216Liabilities 2020: $54,180,118Net Assets 2020: -$27,203,9022020Assets 2021: $25,628,360Liabilities 2021: $48,140,493Net Assets 2021: -$22,512,1332021Assets 2022: $24,839,248Liabilities 2022: $45,397,168Net Assets 2022: -$20,557,9202022Assets 2023: $24,275,293Liabilities 2023: $41,373,258Net Assets 2023: -$17,097,9652023Assets 2024: $1,352,448Liabilities 2024: $22,953Net Assets 2024: $1,329,4952024Assets 2025: $0Liabilities 2025: $0Net Assets 2025: $02025

Highlighted filing

2014

Assets$33,967,094
Liabilities$49,662,468
Net Assets-$15,695,374
Open 2014 Filing

Operations Trend

Revenue Growth51st percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$30M$20M$10M$0-$10MRevenue 2012: $3,227,787Expenses 2012: $4,998,850Net Income 2012: -$1,771,0632012Revenue 2013: $3,286,364Expenses 2013: $4,535,014Net Income 2013: -$1,248,6502013Revenue 2014: $3,434,786Expenses 2014: $4,645,690Net Income 2014: -$1,210,9042014Revenue 2015: $3,454,670Expenses 2015: $4,348,294Net Income 2015: -$893,6242015Revenue 2016: $3,602,302Expenses 2016: $4,478,526Net Income 2016: -$876,2242016Revenue 2017: $3,646,040Expenses 2017: $4,424,806Net Income 2017: -$778,7662017Revenue 2018: $3,775,183Expenses 2018: $4,414,072Net Income 2018: -$638,8892018Revenue 2019: $3,834,104Expenses 2019: $4,455,139Net Income 2019: -$621,0352019Revenue 2020: $3,996,811Expenses 2020: $4,562,092Net Income 2020: -$565,2812020Revenue 2021: $3,529,693Expenses 2021: $4,140,090Net Income 2021: -$610,3972021Revenue 2022: $3,905,662Expenses 2022: $4,384,090Net Income 2022: -$478,4282022Revenue 2023: $4,479,767Expenses 2023: $4,599,560Net Income 2023: -$119,7932023Revenue 2024: $24,484,897Expenses 2024: $1,795,900Net Income 2024: $22,688,9972024Revenue 2025: $75,605Expenses 2025: $1,405,100Net Income 2025: -$1,329,4952025

Highlighted filing

2014

Revenue$3,434,786
Expenses$4,645,690
Net Income-$1,210,904
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Apr 1, 2013 to Mar 31, 2014
Signed
Jun 15, 2014
Return Version
2013v3.1
Gross Receipts
$3,646,478
Mission and Program Overview

Mission

In an effort to advance the mission of the university, mason housing provides affordable multi-family housing for george mason university's faculty, staff, graduate students and affiliates, and fairfax county and city employees.

MASON HOUSING PROVIDES AFFORDABLE MULTI- family housing for george MASON UNIVERSITY'S FACULTY, STAFF, graduate STUDENTS, AND FAIRFAX county employees.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$27,807,905$26,779,886▼ $1,028,019
Savings and Temporary Cash Investments$5,463,651$5,691,396▲ $227,745
Prepaid Expenses and Deferred Charges$25,675$23,866▼ $1,809
Accounts Receivable$28,046$321▼ $27,725
Cash and Non-Interest-Bearing Accounts$250$250→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$34,885,957$33,967,094▼ $918,863
Other Assets Total$1,560,430$1,471,375▼ $89,055
Liabilities
Mortgage Notes Payable Secured by Investment Property$39,680,000$39,600,000▼ $80,000
Other Liabilities$12,664,709$9,493,199▼ $3,171,510
Accounts Payable and Accrued Expenses$308,852$519,484▲ $210,632
Deferred Revenue$49,866$49,785▼ $81
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$52,703,427$49,662,468▼ $3,040,959
Net Assets / Fund Balance
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Unrestricted Net Assets$-17,817,470$-15,695,374▲ $2,122,096
Total Net Assets Fund Balance$-17,817,470$-15,695,374▲ $2,122,096
Total Liabilities and Net Assets / Fund Balance$34,885,957$33,967,094▼ $918,863

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$26,703,823$4,563,911$31,267,734
Other Land Buildings$71,320$28,220$99,540
Equipment$4,743$27,462$31,947
Compensation and Service Providers
Top Officer Pay6th percentile

Board Members and Trustees

NameTitle
Jon PetersonCHAIRMAN/president
Thomas CalhounVice Chairman
John MasonDirector
Kenneth BallDirector
Paul KyleDirector
Peter StearnsDirector
Kathleen MckaySecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$655
Other Revenue
$3,434,131
Change in Net Assets
$-1,210,904

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,434,786
Revenue Not Reported on Form 990
$3,333,000
Total Revenue per Audited Statements
$6,767,786
Total Revenue per Form 990
$3,434,786
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,491,765
Grants and Similar Amounts Paid$153,925
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$2,068,385--$2,068,385
Depreciation Depletion$1,065,543--$1,065,543
Payments to Affiliates$454,207--$454,207
Grants to Domestic Orgs$153,925--$153,925
Other Expenses$118,413-$0$118,413
Fees for Services Management$104,424--$104,424
Insurance$101,777--$101,777
Fees for Services Other$55,250--$55,250
Office Expenses-$38,592-$38,592
Advertising$12,033--$12,033
Fees for Services Accounting-$12,000-$12,000
Fees for Services Legal-$5,811-$5,811
Total Functional Expenses$4,589,287$56,403$0$4,645,690

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,645,690
Total Expenses per Audited Statements$4,645,690
Total Expenses per Form 990$4,645,690
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
54-1603842-501(c)(3)Educational$153,925
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Interest Rate Swap Liability$9,262,785
Accrued Interest$162,413
Tenant Security Deposits Liabi$68,001
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Line 19

“The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request.”

Form 990, Part VI, Line 11B

“The form 990 is circulated to the board for review and comment. The executive director reviews it and compiles any questions or items which require clarification, and reissues a final draft to the board of directors prior to filing with the irs.”

Form 990, Part VI, Line 12A

“Each director, officer, and member of a committee with governing board delegated powers shall annually sign a statement which affirms such person: a. Has received a copy of the conflicts of interest policy, b. Has read and understands the policy, c. Has agreed to comply with the policy, and d. Understands the organization is a charitable organization and, in order to maintain its federal tax exemption, it must engage primarily in activities which accomplish one or more of its tax-exempt purposes.”

Form 990, Part VI, Line 15B

“Mason housing does not have any paid employees.”

Form 990, Part VI, Line 2

“Three of the seven directors of mhi are appointed by the president of george mason university. The appointed directors are classified as class a directors. Currently two of the three class a directors are employees of george mason university.”

Form 990, Part VI, Line 3

“Mhi uses a management company to oversee the management of the property.”

Filing and Contact Details

Filer

EIN
11-3819953
In Care Of
% JODY WINTERS
Phone
7039939467

Signing Officer

Name
Jon Peterson
Title
Chairman
Phone
3016529100
Signed
2014-06-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jon Peterson
Formed
2007
Legal Domicile
Va
Voting Board Members
7
Independent Board Members
7
Employees
0

Preparer

Preparer
Ed Ryan CPA
Phone
3016529100
Supplemental Narrative

Additional Explanations

Form 990, Part IV, Line 7A

“Three of the seven directors of mhi are appointed by the president of george mason university.”

Financial Statement Notes

Form 990, Schedule D, Part X, Line 2

“In accordance with authoritative guidance on accounting for uncertainty in income taxes issued by the fasb, management has evaluated the organization's tax positions and has concluded that the organization has taken no uncertain tax positions that require adjustment to the financial statements to comply with the provisions of this guidance.”

form 990, schedule D, part XII, Line 2D

“unrealized gain on interest rate swap = 3,333,000”

Raw XML AppendixShowing 400 of 493 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/MissionDesc0IN AN EFFORT TO ADVANCE THE MISSION OF THE UNIVERSITY, MASON HOUSING PROVIDES AFFORDABLE MULTI-FAMILY HOUSING FOR GEORGE MASON UNIVERSITY'S FACULTY, STAFF, GRADUATE STUDENTS, AND FAIRFAX COUNTY EMPLOYEES.
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IRS990/MoreThan5000KToOrgInd0false
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IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt039600000
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IRS990/NetAssetsOrFundBalancesEOYAmt0-15695374
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IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt03434131
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt03434131
IRS990/NetUnrlzdGainsLossesInvstAmt03333000
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IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt038592
IRS990/OfficeExpensesGrp/TotalAmt038592
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IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
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IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0CONTRACT SERVICES
IRS990/OtherExpensesGrp/Desc1UTILITIES
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IRS990/OtherExpensesGrp/ProgramServicesAmt130786
IRS990/OtherExpensesGrp/ProgramServicesAmt2139099
IRS990/OtherExpensesGrp/ProgramServicesAmt3118413
IRS990/OtherExpensesGrp/TotalAmt0285445
IRS990/OtherExpensesGrp/TotalAmt130786
IRS990/OtherExpensesGrp/TotalAmt2139099
IRS990/OtherExpensesGrp/TotalAmt3118413
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IRS990/OtherLiabilitiesGrp/EOYAmt09493199
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IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/ProgramServicesAmt0454207
IRS990/PaymentsToAffiliatesGrp/TotalAmt0454207
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt00
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt025675
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt023866
IRS990/PrincipalOfficerNm0JON PETERSON
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0320000
IRS990/PYInvestmentIncomeAmt0853
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IRS990/PYOtherExpensesAmt04215014
IRS990/PYOtherRevenueAmt03285511
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-1248650
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt04535014
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03286364
IRS990/QuidProQuoContributionsInd0false
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IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
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IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-1210904
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt03434131
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt03645823
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt05463651
IRS990/SavingsAndTempCashInvstGrp/EOYAmt05691396
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0655
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0853
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0962
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt066628
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0525808
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0594906
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt03434131
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt03285511
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt03226825
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt03727161
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0253286
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt013926914
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0655
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0853
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0962
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt066628
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0525808
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0594906
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.00000
IRS990ScheduleA/PublicSupportTotal509Amt013926914
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt03434131
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt03285511
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt03226825
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt03727161
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0253286
IRS990ScheduleA/Total509Grp/TotalAmt013926914
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt03434786
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt03286364
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt03227787
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt03793789
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0779094
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt014521820
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt026703823
IRS990ScheduleD/BuildingsGrp/DepreciationAmt04563911
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt031267734
IRS990ScheduleD/EquipmentGrp/BookValueAmt04743
IRS990ScheduleD/EquipmentGrp/DepreciationAmt027462
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt031947
IRS990ScheduleD/ExpensesSubtotalAmt04645690
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt071320
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt028220
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt099540
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt068001
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt19262785
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2162413
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS LIABI
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1INTEREST RATE SWAP LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2ACCRUED INTEREST
IRS990ScheduleD/OtherRevenueAmt03333000
IRS990ScheduleD/RevenueNotReportedAmt03333000
IRS990ScheduleD/RevenueSubtotalAmt03434786
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0IN ACCORDANCE WITH AUTHORITATIVE GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ISSUED BY THE FASB, MANAGEMENT HAS EVALUATED THE ORGANIZATION'S TAX POSITIONS AND HAS CONCLUDED THAT THE ORGANIZATION HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1unrealized gain on interest rate swap = 3,333,000
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, SCHEDULE D, PART X, LINE 2
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1form 990, schedule D, part XII, Line 2d
IRS990ScheduleD/TotalBookValueLandBuildingsAmt026779886
IRS990ScheduleD/TotalExpensesPerForm990Amt04645690
IRS990ScheduleD/TotalLiabilityAmt09493199
IRS990ScheduleD/TotalRevenuePerForm990Amt03434786
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt06767786
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04645690
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt0153925
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0EDUCATIONAL
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine10GEORGE MASON UNIVERSITY FOUNDATION INC
IRS990ScheduleI/RecipientTable/RecipientEIN0541603842
IRS990ScheduleI/RecipientTable/USAddress/AddressLine104400 UNIVERSITY DRIVE MS 1A3
IRS990ScheduleI/RecipientTable/USAddress/City0FAIRFAX
IRS990ScheduleI/RecipientTable/USAddress/State0VA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCode022030
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION DOCUMENTS THE GIFT MADE IN THE CURRENT YEAR USING A DONOR aGREEMENT WHICH STATES THE AMOUNT AND PURPOSE OF THE GIFT. THIS AGREEMENT LEGALLY BINDS THE ORGANIZATION AND THE FOUNDATION AND ENSURES THE GIFT WILL BE USED FOR THE INTENDED PURPOSES.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, SCHEDULE I, PART IV
IRS990ScheduleI/Total501c3OrgCnt01
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS CIRCULATED TO THE BOARD FOR REVIEW AND COMMENT. THE EXECUTIVE DIRECTOR REVIEWS IT AND COMPILES ANY QUESTIONS OR ITEMS WHICH REQUIRE CLARIFICATION, AND REISSUES A FINAL DRAFT TO THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EACH DIRECTOR, OFFICER, AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON: A. HAS RECEIVED A COPY OF THE CONFLICTS OF INTEREST POLICY, B. HAS READ AND UNDERSTANDS THE POLICY, C. HAS AGREED TO COMPLY WITH THE POLICY, AND D. UNDERSTANDS THE ORGANIZATION IS A CHARITABLE ORGANIZATION AND, IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION, IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MASON HOUSING DOES NOT HAVE ANY PAID EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THREE OF THE SEVEN DIRECTORS OF MHI ARE APPOINTED BY THE PRESIDENT OF GEORGE MASON UNIVERSITY. THE APPOINTED DIRECTORS ARE CLASSIFIED AS CLASS A DIRECTORS. CURRENTLY TWO OF THE THREE CLASS A DIRECTORS ARE EMPLOYEES OF GEORGE MASON UNIVERSITY.

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$33,967,094
Liabilities
$49,662,468
Net assets
-$15,695,374
Revenue
$3,434,786
Expenses
$4,645,690
Net income
-$1,210,904
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.08$1.41$1.33
2024Detailed filing. Detailed filing data is available for this year.$1.35$0.02$1.33$24.5$1.80$22.7
2023Detailed filing. Detailed filing data is available for this year.$24.3$41.4$17.1$4.48$4.60$0.12
2022Detailed filing. Detailed filing data is available for this year.$24.8$45.4$20.6$3.91$4.38$0.48
2021Detailed filing. Detailed filing data is available for this year.$25.6$48.1$22.5$3.53$4.14$0.61
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$27.0$54.2$27.2$4.00$4.56$0.57
2019Detailed filing. Detailed filing data is available for this year.$27.9$48.4$20.5$3.83$4.46$0.62
2018Detailed filing. Detailed filing data is available for this year.$29.9$49.0$19.0$3.78$4.41$0.64
2017Detailed filing. Detailed filing data is available for this year.$30.9$51.1$20.2$3.65$4.42$0.78
2016Detailed filing. Detailed filing data is available for this year.$32.0$55.1$23.1$3.60$4.48$0.88
2015Detailed filing. Detailed filing data is available for this year.$32.9$54.2$21.3$3.45$4.35$0.89
2014Detailed filing. Detailed filing data is available for this year.$34.0$49.7$15.7$3.43$4.65$1.21
2013Summary only. Only limited summary data is available for this year.$34.9$52.7$17.8$3.29$4.54$1.25
2012Summary only. Only limited summary data is available for this year.$36.0$52.3$16.3$3.23$5.00$1.77