Civic Intelligence

Fayetteville State University Student Housing Corporation

990 • Fiscal year 2014 • EIN 27-4698903

Jul 01, 2013 to Jun 30, 2014 • Filed on Aug 13, 2014

Organization ProfileN/A
1200 Murchison Road28301

(910) 672-1151

Siviq Scores

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

Liabilities / Assets

70th percentile

0.99x

Higher debt load relative to assets than 70% of similar nonprofits.

2014 filings • NTEE L • $10M-$25M nonprofits • Source year 2014

Liabilities / Revenue

82nd percentile

12.31x

Higher debt load relative to revenue than 82% of similar nonprofits.

2014 filings • NTEE L • $10M-$25M nonprofits • Source year 2014

Net Margin

81st percentile

34%

Higher net margin than 81% of similar nonprofits.

2014 filings • NTEE L • $10M-$25M nonprofits • Source year 2014

Top Officer Pay

22nd percentile

$0

Higher top officer pay than 22% of similar nonprofits.

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

2014 filings • NTEE L • $10M-$25M nonprofits • Source year 2014

Asset Growth

75th percentile

7.7%

Faster asset growth than 75% of similar nonprofits.

2014 filings • NTEE L • $10M-$25M nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Balance Sheet
Liabilities / Assets70th percentile

Assets

Up

$21,206,051

Up $1,516,796 (+7.7%) from 2013

Net Assets

Up

$202,671

Up $1,772,206 (+113%) from 2013

Liabilities

Down

$21,003,380

Down $255,410 (-1.2%) from 2013

Revenue And Expenses
Liabilities / Revenue82nd percentileNet Margin81st percentile

Revenue

$1,706,614

No earlier filing loaded for comparison.

Expenses

Down

$1,119,529

Down $734,873 (-40%) from 2013

Net Income

$587,085

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth75th percentile

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

$30M$20M$10M$0-$10MAssets 2013: $19,689,255Liabilities 2013: $21,258,790Net Assets 2013: -$1,569,5352013Assets 2014: $21,206,051Liabilities 2014: $21,003,380Net Assets 2014: $202,6712014Assets 2015: $21,383,718Liabilities 2015: $20,766,618Net Assets 2015: $617,1002015Assets 2016: $21,442,994Liabilities 2016: $20,454,293Net Assets 2016: $988,7012016Assets 2017: $20,966,673Liabilities 2017: $20,066,405Net Assets 2017: $900,2682017Assets 2018: $20,531,778Liabilities 2018: $19,633,180Net Assets 2018: $898,5982018Assets 2019: $20,092,529Liabilities 2019: $18,906,373Net Assets 2019: $1,186,1562019Assets 2020: $19,612,494Liabilities 2020: $18,447,677Net Assets 2020: $1,164,8172020Assets 2021: $19,255,663Liabilities 2021: $18,537,895Net Assets 2021: $717,7682021Assets 2022: $18,665,374Liabilities 2022: $17,863,502Net Assets 2022: $801,8722022Assets 2023: $18,096,481Liabilities 2023: $17,196,754Net Assets 2023: $899,7272023Assets 2024: $17,504,903Liabilities 2024: $16,517,089Net Assets 2024: $987,8142024

Highlighted filing

2014

Assets$21,206,051
Liabilities$21,003,380
Net Assets$202,671
Open 2014 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$2.0M$1.0M$0-$1.0MExpenses 2013: $1,854,4022013Revenue 2014: $1,706,614Expenses 2014: $1,119,529Net Income 2014: $587,0852014Revenue 2015: $1,467,360Expenses 2015: $1,052,931Net Income 2015: $414,4292015Revenue 2016: $1,393,380Expenses 2016: $1,021,779Net Income 2016: $371,6012016Revenue 2017: $930,402Expenses 2017: $1,018,835Net Income 2017: -$88,4332017Revenue 2018: $923,324Expenses 2018: $924,994Net Income 2018: -$1,6702018Revenue 2019: $1,199,901Expenses 2019: $912,343Net Income 2019: $287,5582019Revenue 2020: $878,748Expenses 2020: $900,087Net Income 2020: -$21,3392020Revenue 2021: $717,505Expenses 2021: $1,164,554Net Income 2021: -$447,0492021Revenue 2022: $748,427Expenses 2022: $664,323Net Income 2022: $84,1042022Revenue 2023: $717,438Expenses 2023: $619,583Net Income 2023: $97,8552023Revenue 2024: $696,937Expenses 2024: $608,850Net Income 2024: $88,0872024

Highlighted filing

2014

Revenue$1,706,614
Expenses$1,119,529
Net Income$587,085
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Aug 13, 2014
Return Version
2013v3.1
Gross Receipts
$1,706,614
Mission and Program Overview

Mission

To develop, finance, prepare, provide, and supervise residential housing facilities for the students and faculty of fayetteville state university.

To develop, finance, prepare, provide and supervise residential housing facilities for the students and faculty of fayetteville state university.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net-$20,720,148-
Land, Buildings, and Equipment, Net$19,529,879--
Cash and Non-Interest-Bearing Accounts$159,376$485,903▲ $326,527
Total Assets$19,689,255$21,206,051▲ $1,516,796
Liabilities
Other Liabilities$20,951,298$21,003,380▲ $52,082
Accounts Payable and Accrued Expenses$307,492--
Total Liabilities$21,258,790$21,003,380▼ $255,410
Net Assets / Fund Balance
Unrestricted Net Assets$-1,569,535$202,671▲ $1,772,206
Total Net Assets Fund Balance$-1,569,535$202,671▲ $1,772,206
Total Liabilities and Net Assets / Fund Balance$19,689,255$21,206,051▲ $1,516,796
Compensation and Service Providers
Top Officer Pay22nd percentile

Board Members and Trustees

NameTitle
Carlton SpellmanChairman
Janice HaynieVice-chair
Jalynn JonesBoard Member
Greg MoydDirector
Holly Holliday-jonesDirector
Lisa BlauserDirector
Vedas NealDirector
Wanda JenkinsDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$524,806
Program Service Revenue
$0
Investment Income
$1,181,808
Other Revenue
$0
Change in Net Assets
$587,085

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,706,614
Total Revenue per Audited Statements
$1,706,614
Total Revenue per Form 990
$1,706,614
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,119,529
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$944,044--$944,044
Other Expenses$38,653--$38,653
Insurance$37,702--$37,702
Fees for Services Other$32,875--$32,875
Total Functional Expenses$1,119,529$0$0$1,119,529

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,119,529
Total Expenses per Audited Statements$1,119,529
Total Expenses per Form 990$1,119,529
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Bonds Payable$20,485,000
Due Fayetteville State Univ.$283,232
Accrued Interest$235,148
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
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
Yes
Other officer compensation reviewed
Yes
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, Page 6, Part VI, Line 11B

“Provided to appropriate fsu officials for review prior to filing.”

Form 990, Page 6, Part VI, Line 15A

“Entity has no employees; not applicable.”

Form 990, Page 6, Part VI, Line 15B

“Entity has no employees; not applicable.”

Form 990, Page 6, Part VI, Line 19

“UPON REQUEST.”

Filing and Contact Details

Filer

EIN
27-4698903
Phone
9106721151

Signing Officer

Name
Carlton Spellman
Title
Chairman
Phone
9106721151
Signed
2014-08-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Carlton Spellman
Formed
2010
Legal Domicile
Nc
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
6

Preparer

Preparer
Larry L Bass
Phone
9104840145
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Part I, Line 6

“To help provide the students and faculty of fayetteville state university.”

Form 990, Page 2, Part III, Line 4D

“To provide residential housing facilities for students and faculty of fsu.”

Raw XML Appendix314 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/UnrestrictedNetAssetsGrp/EOYAmt0202671
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine101200 MURCHISON ROAD
IRS990/USAddress/City0FAYETTEVILLE
IRS990/USAddress/State0NC
IRS990/USAddress/ZIPCode028301
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CARLTON SPELLMAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum09106721151
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-08-13
ReturnHeader/Filer/BusinessName/BusinessNameLine10FAYETTEVILLE STATE UNIVERSITY
ReturnHeader/Filer/BusinessName/BusinessNameLine20STUDENT HOUSING CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0FAYE
ReturnHeader/Filer/EIN0274698903
ReturnHeader/Filer/PhoneNum09106721151
ReturnHeader/Filer/USAddress/AddressLine101200 MURCHISON ROAD
ReturnHeader/Filer/USAddress/City0FAYETTEVILLE
ReturnHeader/Filer/USAddress/State0NC
ReturnHeader/Filer/USAddress/ZIPCode028301
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0561057695
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10BUIE NORMAN & CO PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine10PO BOX 87047
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0FAYETTEVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode028304
ReturnHeader/PreparerPersonGrp/PhoneNum09104840145
ReturnHeader/PreparerPersonGrp/PreparationDt02014-08-19
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LARRY L BASS
ReturnHeader/ReturnTs02014-11-17T12:09:27-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-07-01
ReturnHeader/TaxPeriodEndDt02014-06-30
ReturnHeader/TaxYr02013

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$21,206,051
Liabilities
$21,003,380
Net assets
$202,671
Revenue
$1,706,614
Expenses
$1,119,529
Net income
$587,085
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$17.5$16.5$0.99$0.70$0.61$0.09
2023Detailed filing. Detailed filing data is available for this year.$18.1$17.2$0.90$0.72$0.62$0.10
2022Detailed filing. Detailed filing data is available for this year.$18.7$17.9$0.80$0.75$0.66$0.08
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$19.3$18.5$0.72$0.72$1.16$0.45
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$19.6$18.4$1.16$0.88$0.90$0.02
2019Detailed filing. Detailed filing data is available for this year.$20.1$18.9$1.19$1.20$0.91$0.29
2018Detailed filing. Detailed filing data is available for this year.$20.5$19.6$0.90$0.92$0.92$0.00
2017Detailed filing. Detailed filing data is available for this year.$21.0$20.1$0.90$0.93$1.02$0.09
2016Detailed filing. Detailed filing data is available for this year.$21.4$20.5$0.99$1.39$1.02$0.37
2015Detailed filing. Detailed filing data is available for this year.$21.4$20.8$0.62$1.47$1.05$0.41
2014Detailed filing. Detailed filing data is available for this year.$21.2$21.0$0.20$1.71$1.12$0.59
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$19.7$21.3$1.57$1.85