Civic Intelligence

National Campus and Community Development Corporation Inc

990 • Fiscal year 2022 • EIN 20-4398263

Jul 01, 2021 to Jun 30, 2022 • Filed on Apr 20, 2023

2630 Exposition Blvd 213Austin, TX 78703

(512) 322-9650

Siviq Scores

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

Liabilities / Assets

96th percentile

1.14x

Higher debt load relative to assets than 96% of similar nonprofits.

2022 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2022

Liabilities / Revenue

97th percentile

13.82x

Higher debt load relative to revenue than 97% of similar nonprofits.

2022 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2022

Net Margin

6th percentile

-30%

Higher net margin than 6% of similar nonprofits.

2022 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2022

Top Officer Pay

11th percentile

$293,750

Higher top officer pay than 11% of similar nonprofits.

Top officer pay equals 0.4% of source-year revenue.

2022 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2022

Asset Growth

76th percentile

5.5%

Faster asset growth than 76% of similar nonprofits.

2022 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2021 to 2022

Revenue Growth

91st percentile

42%

Faster revenue growth than 91% of similar nonprofits.

2022 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2021 to 2022

Assets

Up

$887,216,722

Up $46,101,158 (+5.5%) from 2021

Net Assets

Down

-$127,292,048

Down $21,885,624 (-21%) from 2021

Liabilities

Up

$1,014,508,770

Up $67,986,782 (+7.2%) from 2021

Revenue

Up

$73,390,968

Up $21,861,096 (+42%) from 2021

Expenses

Up

$95,276,592

Up $10,213,209 (+12%) from 2021

Net Income

Up

-$21,885,624

Up $11,647,887 (+35%) from 2021

Historical Trend

Balance Sheet Trend

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

$1.5B$1.0B$500M$0-$500MAssets 2012: $10,127,170Liabilities 2012: $10,005,045Net Assets 2012: $122,1252012Assets 2013: $9,959,592Liabilities 2013: $9,843,626Net Assets 2013: $115,9662013Assets 2014: $9,835,227Liabilities 2014: $9,745,216Net Assets 2014: $90,0112014Assets 2015: $68,020,482Liabilities 2015: $67,799,769Net Assets 2015: $220,7132015Assets 2016: $578,850,207Liabilities 2016: $578,792,773Net Assets 2016: $57,4342016Assets 2017: $670,824,113Liabilities 2017: $677,502,489Net Assets 2017: -$6,678,3762017Assets 2018: $672,020,958Liabilities 2018: $705,623,068Net Assets 2018: -$33,602,1102018Assets 2019: $886,611,110Liabilities 2019: $938,181,861Net Assets 2019: -$51,570,7512019Assets 2020: $852,003,011Liabilities 2020: $923,875,924Net Assets 2020: -$71,872,9132020Assets 2021: $841,115,564Liabilities 2021: $946,521,988Net Assets 2021: -$105,406,4242021Assets 2022: $887,216,722Liabilities 2022: $1,014,508,770Net Assets 2022: -$127,292,0482022Assets 2023: $1,158,805,218Liabilities 2023: $1,303,762,556Net Assets 2023: -$144,957,3382023Assets 2024: $1,164,853,821Liabilities 2024: $1,324,979,545Net Assets 2024: -$160,125,7242024

Highlighted filing

2022

Assets$887,216,722
Liabilities$1,014,508,770
Net Assets-$127,292,048

Operations Trend

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

$150M$100M$50M$0-$50MExpenses 2012: $133,7382012Revenue 2013: $380,985Expenses 2013: $387,144Net Income 2013: -$6,1592013Revenue 2014: $390,801Expenses 2014: $416,756Net Income 2014: -$25,9552014Revenue 2015: $268,319Expenses 2015: $188,613Net Income 2015: $79,7062015Revenue 2016: $2,359,629Expenses 2016: $2,522,908Net Income 2016: -$163,2792016Revenue 2017: $11,195,621Expenses 2017: $17,931,431Net Income 2017: -$6,735,8102017Revenue 2018: $26,487,264Expenses 2018: $53,410,998Net Income 2018: -$26,923,7342018Revenue 2019: $41,100,258Expenses 2019: $58,731,527Net Income 2019: -$17,631,2692019Revenue 2020: $45,126,251Expenses 2020: $65,428,413Net Income 2020: -$20,302,1622020Revenue 2021: $51,529,872Expenses 2021: $85,063,383Net Income 2021: -$33,533,5112021Revenue 2022: $73,390,968Expenses 2022: $95,276,592Net Income 2022: -$21,885,6242022Revenue 2023: $78,134,294Expenses 2023: $95,799,584Net Income 2023: -$17,665,2902023Revenue 2024: $90,130,712Expenses 2024: $105,125,485Net Income 2024: -$14,994,7732024

Highlighted filing

2022

Revenue$73,390,968
Expenses$95,276,592
Net Income-$21,885,624
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Apr 20, 2023
Return Version
2021v4.2
Gross Receipts
$73,390,968
Mission and Program Overview

Mission

To provide for the needs of the elderly, promote healthy communities, and service the poor & distressed.

Our goals are to reduce the time, risk, and expense associated with public facilities development. Our tax-exempt financing solutions provide cost-effective, risk-free opportunities for essential infrastructure and facilities development.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$658,519,346$639,963,649▼ $18,555,697
Savings and Temporary Cash Investments$78,558,223$103,770,088▲ $25,211,865
Prepaid Expenses and Deferred Charges$17,234,557$15,828,442▼ $1,406,115
Accounts Receivable$1,895,758$3,083,527▲ $1,187,769
Cash and Non-Interest-Bearing Accounts$2,779$6,805▲ $4,026
Total Assets$841,115,564$887,216,722▲ $46,101,158
Other Assets Total$84,904,901$124,564,211▲ $39,659,310
Liabilities
Tax Exempt Bond Liabilities$880,689,607$888,651,055▲ $7,961,448
Mortgage Notes Payable Secured by Investment Property$45,227,501$77,453,938▲ $32,226,437
Accounts Payable and Accrued Expenses$11,060,799$40,015,612▲ $28,954,813
Other Liabilities$8,494,731$6,528,797▼ $1,965,934
Deferred Revenue$1,007,750$1,859,368▲ $851,618
Unsecured Notes Loans Payable$41,600--
Total Liabilities$946,521,988$1,014,508,770▲ $67,986,782
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-105,406,424$-127,292,048▼ $21,885,624
Total Net Assets Fund Balance$-105,406,424$-127,292,048▼ $21,885,624
Total Liabilities and Net Assets / Fund Balance$841,115,564$887,216,722▲ $46,101,158

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$626,352,387$107,044,453$733,396,840
Equipment$11,155,773$9,009,120$20,164,893
Land$2,455,489-$2,455,489
Other Assets Org$443,046--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Charles Greg EdenPresident/CEOFT$293,750$293,750
Caroline OakesVP & Director of OperationFT$136,913$136,913

Board Members and Trustees

NameTitle
Frank KrasovecDirector
Richard GilbaneDirector
James Jeb BrownSecretary
Eric MarklandTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Theh Scion Group LLCProperty Management401 NORTH MICHIGAN AVE 400, Chicago, IL 60611$476,000
Benchmark Management Company LLCProperty Management1780 HUGHES LANDING BLVD STE 400, The Woodlands, TX 77380$406,208
The Michaels GroupProperty Management2 COOPER ST, Camden, NJ 08102$392,000
American Campus CommunitiesProperty Management12700 HILL COUNTRY BOULEVARD STE T, Austin, TX 78738$234,911
ServitasProperty Management5525 N MACARTHUR BLVD 760, Irving, TX 75038$167,891
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$72,870,836
Investment Income
$520,132
Other Revenue
$0
Change in Net Assets
$-21,885,624
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$94,585,120
Salaries, Compensation, and Employee Benefits$691,472
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$40,615,243$301-$40,615,544
Depreciation Depletion$28,607,284--$28,607,284
Fees for Services Management$4,274,472$504,359-$4,778,831
Fees for Services Other$3,188,567$2,625-$3,191,192
Fees for Services Legal$890,335--$890,335
Other Expenses$856,590--$856,590
Current Officers, Directors, Trustees, and Key Employees$157,500$379,087-$536,587
Fees for Services Accounting$261,633$61,440-$323,073
Other Salaries and Wages-$110,765-$110,765
Payroll Taxes$7,680$25,052-$32,732
Occupancy-$32,451-$32,451
Office Expenses-$30,208-$30,208
Other Employee Benefits-$11,388-$11,388
Insurance-$5,608-$5,608
Information Technology-$3,443-$3,443
Total Functional Expenses$94,109,865$1,166,727$0$95,276,592
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
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Greg Eden and Frank KrasovecBoard MembersLease of Office SpaceNo$6,949
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Taxable Bond Liability$4,820,000
Payable to Universities$1,580,057
Deposits$128,740

Bond Issues

BondIssuerIssuedIssue PricePurpose
CNew Hope Cultural Education Facilities Corporation2015-07-24$349,075,496Student housing revenue bonds
ACalifornia Community College Financing Authority2018-09-27$137,460,335College housing revenue bonds
DCalifornia Statewide Communities Development Authority2019-01-30$94,564,889College housing revenue bonds
CCalifornia School Finance Authority2021-07-01$67,315,000Student housing revenue bonds
AMiami-dade County Industrial Development Authority2015-03-24$58,113,825Industrial dev revenue bonds
BCalifornia Public Finance Authority2017-04-06$55,169,248University housing revenue bonds
DNew Hope Cultural Education Facilities Corporation2016-03-03$49,542,531Educational facility revenue bonds
BIowa Finance Authority2016-04-05$35,623,618Student housing revenue ref bonds
BNew Hope Cultural Education Facilities Corporation2020-12-17$25,460,000Student housing revenue bonds
CNew Hope Cultural Education Facilities Corporation2018-06-15$20,072,717LEASE REVENUE BONDS
ASouth Carolina Jobs - Economic Development Authority2016-06-30$10,010,000Economic devt revenue bonds

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
C$349,075,496-$830,000$3,659,039
A$137,460,335--$1,844,642
D$94,564,889--$1,887,043
C$67,315,000--$1,121,479
A$58,113,825-$840,000$1,009,434
B$55,169,248-$145,000$1,093,016
D$49,542,531-$240,000$990,349
B$35,623,618-$615,000$595,437
B$25,460,000--$708,984
C$20,072,717-$1,385,000$398,990
A$9,564,454-$440,000$199,702

Bond Financing Compliance

No rebate due
No
Rebate not yet due
Yes
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Board members greg eden and frank krasovec formed an llc together that leases office space to nccd.

Form 990, Part VI, Section B, Line 11B

Form 990 is reviewed by staff and provided to the board of directors prior to filing.

Form 990, Part VI, Section B, Line 12C

Board members are required to disclose any potential conflicts of interest. All proposed transactions must be reported to the board of directors and be approved before the transaction takes place. The board of directors evaluates competitive bids or comparative valuations and state law to determine whether transactions are in the best interest of the organization. Any parties with a potential conflict are excused during the process of board deliberation, other than to respond to questions, and abstain from voting. A review is performed annually by the president/ceo to assess potential and known related party transactions.

Form 990, Part VI, Section C, Line 19

All required documents are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
National Campus and Community
EIN
20-4398263
Phone
5123229650
Address
2630 EXPOSITION BLVD 213, AUSTIN, TX 78703

Signing Officer

Name
Charles G Eden
Title
President/CEO
Phone
5123229650
Signed
2023-04-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Charles G Eden
Formed
2006
Legal Domicile
TX
Voting Board Members
5
Independent Board Members
3
Employees
4
Volunteers
0

Preparer

Firm
Avenson Hamann Cpas Llp
Address
7421 BURNET ROAD 522, AUSTIN, TX 78757
Preparer
Catherine Avenson
Phone
5126939131
Raw XML AppendixShowing 400 of 1,096 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/Form990PartVIISectionAGrp/PersonNm0CHARLES GREG EDEN
IRS990/Form990PartVIISectionAGrp/PersonNm1JAMES JEB BROWN
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IRS990/Form990PartVIISectionAGrp/PersonNm3FRANK KRASOVEC
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IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
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