Civic Intelligence

Georgia Southern University Housing

EIN 30-0037158 • 501(c)3 • Statesboro, GA

Profile

The foundation's mission is to acquire, construct or improve student housing or other student facilities for georgia southern university, a public university.

P O Box 8103Statesboro, GA 30460

none

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

84th percentile

0.83x

Higher debt load relative to assets than 84% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2025

Liabilities / Revenue

98th percentile

17.01x

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

501(c)3 • $100M-$250M nonprofits • Source year 2025

Net Margin

78th percentile

21%

Higher net margin than 78% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2025

Top Officer Pay

56th percentile

$547,698

Higher top officer pay than 56% of similar nonprofits.

Top officer pay equals 5.2% of source-year revenue.

501(c)3 • $100M-$250M nonprofits • Source year 2025

Asset Growth

12th percentile

-4.2%

Faster asset growth than 12% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2024 to 2025

Revenue Growth

34th percentile

2.8%

Faster revenue growth than 34% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2024 to 2025

Assets

Down

$217,229,333

Down $20,170,741 (-8.5%) from 2023

Liabilities

Down

$179,873,706

Down $23,365,070 (-11%) from 2023

Net Assets

Up

$37,355,627

Up $3,194,329 (+9.4%) from 2023

Revenue

Up

$10,576,541

Up $80,825 (+0.8%) from 2023

Expenses

Down

$8,347,321

Down $1,247,069 (-13%) from 2023

Net Income

Up

$2,229,220

Up $1,327,894 (+147%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$600M$400M$200M$0Assets 2011: $420,150,832Liabilities 2011: $414,947,692Net Assets 2011: $5,203,1402011Assets 2012: $401,283,276Liabilities 2012: $392,384,806Net Assets 2012: $8,898,4702012Assets 2013: $271,577,423Liabilities 2013: $262,201,066Net Assets 2013: $9,376,3572013Assets 2014: $265,237,253Liabilities 2014: $248,132,066Net Assets 2014: $17,105,1872014Assets 2015: $261,797,131Liabilities 2015: $241,116,830Net Assets 2015: $20,680,3012015Assets 2016: $248,454,403Liabilities 2016: $225,751,014Net Assets 2016: $22,703,3892016Assets 2017: $244,965,301Liabilities 2017: $219,688,900Net Assets 2017: $25,276,4012017Assets 2019: $259,703,037Liabilities 2019: $226,871,272Net Assets 2019: $32,831,7652019Assets 2021: $256,675,525Liabilities 2021: $224,098,166Net Assets 2021: $32,577,3592021Assets 2023: $237,400,074Liabilities 2023: $203,238,776Net Assets 2023: $34,161,2982023Assets 2025: $217,229,333Liabilities 2025: $179,873,706Net Assets 2025: $37,355,6272025

Highlighted filing

2025

Assets$217,229,333
Liabilities$179,873,706
Net Assets$37,355,627

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$20M$10M$0-$10MExpenses 2011: $9,138,7142011Expenses 2012: $14,840,0152012Expenses 2013: $15,182,8212013Revenue 2014: $14,453,409Expenses 2014: $10,460,097Net Income 2014: $3,993,3122014Revenue 2015: $14,204,397Expenses 2015: $10,629,283Net Income 2015: $3,575,1142015Revenue 2016: $14,997,456Expenses 2016: $12,974,368Net Income 2016: $2,023,0882016Revenue 2017: $13,036,880Expenses 2017: $10,463,868Net Income 2017: $2,573,0122017Revenue 2019: $13,253,235Expenses 2019: $11,031,897Net Income 2019: $2,221,3382019Revenue 2021: $12,677,695Expenses 2021: $16,920,221Net Income 2021: -$4,242,5262021Revenue 2023: $10,495,716Expenses 2023: $9,594,390Net Income 2023: $901,3262023Revenue 2025: $10,576,541Expenses 2025: $8,347,321Net Income 2025: $2,229,2202025

Highlighted filing

2025

Revenue$10,576,541
Expenses$8,347,321
Net Income$2,229,220

Filings

Latest Detailed Filing

The latest 2025 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2023 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Oct 31, 2023
Return Version
2022v5.0
Gross Receipts
$10,495,716
Mission and Program Overview

Mission

The foundation's mission is to acquire, construct or improve student housing or other student facilities for georgia southern university, a public university.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$35,054,487$33,647,898▼ $1,406,589
Investments Other Securities$5,632,985$6,010,430▲ $377,445
Cash and Non-Interest-Bearing Accounts$2,148,747$3,644,284▲ $1,495,537
Prepaid Expenses and Deferred Charges$3,074,518$2,847,885▼ $226,633
Land, Buildings, and Equipment, Net$2,375,987$1,620,000▼ $755,987
Accounts Receivable$206$274▲ $68
Total Assets$249,175,255$237,400,074▼ $11,775,181
Other Assets Total$200,888,325$189,629,303▼ $11,259,022
Liabilities
Tax Exempt Bond Liabilities$209,203,271$198,585,330▼ $10,617,941
Accounts Payable and Accrued Expenses$3,421,335$3,234,002▼ $187,333
Other Liabilities$3,463,566$1,375,343▼ $2,088,223
Deferred Revenue$50,327$44,101▼ $6,226
Total Liabilities$216,138,499$203,238,776▼ $12,899,723
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$33,036,756$34,161,298▲ $1,124,542
Total Net Assets Fund Balance$33,036,756$34,161,298▲ $1,124,542
Total Liabilities and Net Assets / Fund Balance$249,175,255$237,400,074▼ $11,775,181

Asset Categories

AssetBook ValueDepreciationBasis
Land$1,620,000-$1,620,000
Other Assets Org$36,516--
Compensation and Service Providers

Employees

NameTitleOtherTotal
Robert L WhitakerAssistant Tr$252,617$252,617

Board Members and Trustees

NameTitle
Chad WigginsBoard Chair
Kyle MarreroPresident
Daniel PinyanBoard Vice-c
Audrey KingDirector
Robert F MikellDirector
Trip AddisonDirector
Walt HugginsDirector
Robert L WhitakerAssistant Treasurer
Maura CopelandSecretary
Ron StalnakerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$9,740,160
Investment Income
$755,556
Other Revenue
$0
Change in Net Assets
$901,326

Audited Revenue Reconciliation

Revenue per Audited Statements
$10,495,716
Revenue Not Reported on Form 990
$223,216
Total Revenue per Audited Statements
$10,718,932
Total Revenue per Form 990
$10,495,716
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$8,984,739
Grants and Similar Amounts Paid$609,651
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$6,269,754--$6,269,754
Grants to Domestic Orgs$609,651--$609,651
Other Expenses$64,427$56,725-$121,152
Fees for Services Other$94,513$8,400-$102,913
Fees for Services Management-$74,471-$74,471
Fees for Services Accounting-$20,145-$20,145
Insurance$2,247$9,942-$12,189
Fees for Services Legal$24--$24
Total Functional Expenses$9,424,707$169,683$0$9,594,390

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$9,594,391
Expenses per Audited Statements$9,594,390
Total Expenses per Form 990$9,594,390
Expenses Not Reported on Form 990$1
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Georgia Southern UniversityStatesboro, GAGovStudent Housing Grnt$609,651

International Summary

Offices
1
Spending
$38,000

International Compliance

Foreign grant records maintained
No
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
EuropeProgram ServicesRental - Ed Facility1-$38,000
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
Construction Contracts & Commitments$1,161,722
Operating Lease Payable$213,621

Bond Issues

BondIssuerIssuedIssue PricePurpose
ADevelopment Authority of Bulloch Co2017-08-15$56,965,485Refund series 2008 bonds, which were used to construct student facilities
ADevelopment Authority of Bulloch Co2021-05-26$44,525,698-
BDevelopment Authority of Bulloch Co2012-12-06$31,094,925Refund 2002 series bonds which were used for construction of student facilities
CDevelopment Authority of Bulloch Co2013-03-21$29,283,535Refund 2004 series bonds, which were used to construct student facilities
DDevelopment Authority of Bulloch Co2015-11-17$28,588,531Refund 2005 series bonds, which were used to construct student facilities
ADevelopment Authority of Bulloch Co2012-08-22$28,310,054Construction of student dining facilities
CSavannah Economic Dev Authority2016-10-27$24,309,087Refund series 2009 bonds, which were used to acquire, renovate and improve student factilies
BSavannah Economic Dev Authority2015-09-30$16,817,298Refund series 2005a bonds, which were used to purchase and renovate professional and continuing educ
DDevelopment Authority of Bulloch Co2020-07-01$16,420,000Proceeds were used for renovation of student housing facilities

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$56,965,485$23,849,859$6,875,000$631,430
A$44,525,698--$590,759
B$31,094,925$27,734,903$13,490,000$477,960
C$29,283,535$56,334,055$13,680,000$459,538
D$28,588,531$16,429,923$9,880,000$471,484
A$28,310,054$30,381,306$5,395,000$490,517
C$24,309,087-$3,850,000$385,727
D$17,820,173-$1,015,000$356,403
B$16,817,298$33,987,494$9,765,000$336,346

Bond Financing Compliance

No rebate due
Yes
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
Yes
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
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 7A

The president of georgia southern university (the related organization) has authority to appoint community members from a slate of nominees proposed by a nominating committee consisting of five community directors.

Form 990, Page 6, Part VI, Line 7B

Notice to and concurrence of the board of regents or institution is required for change of name, change of mission, or change of governance documents or structure of the organization.

Form 990, Page 6, Part VI, Line 9

Daniel pinyan 1714 bull street savannah, ga 31401-7437 chad wiggins 19368 hwy 80 west statesboro, ga 30461 robert f. Mikell 607 cottontail lane statesboro, ga 30461 walt huggins 1612 williams road statesboro, ga 30458 audrey king 25 bull street savannah, ga 31401

Form 990, Page 6, Part VI, Line 11B

The treasurer or his designated representative reviews the return, which is then presented to full board of directors.

Form 990, Page 6, Part VI, Line 12C

Officers and directors are annually required to sign a statement that would identify interests or relationships that could give rise to a conflict of interest. Annual statements are reviewed by treasurer and secretary for completeness and potential conflicts of interest.

Form 990, Page 6, Part VI, Line 19

Documents are made available to the public upon request to the governing board, and the financial statements are available to the public on the emma.org website.

Filing and Contact Details

Filer

Filer Name
Georgia Southern University Housing
EIN
30-0037158
Phone
9124787481
Address
P O BOX 8103, STATESBORO, GA 30460

Signing Officer

Name
Robert L Whitaker
Title
Assistant Treasurer
Phone
9124787481
Signed
2023-10-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kyle Marrero
Formed
2003
Legal Domicile
Ga
Voting Board Members
8
Independent Board Members
5
Employees
0

Preparer

Firm
Reddick Riggs Hunter & Colson Pc
Address
POST OFFICE BOX 725, STATESBORO, GA 30459
Preparer
Patricia H Hunter CPA
Phone
9127649843
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

ROUNDING 1

Financial Statement Notes

Schedule D, Page 3, Part X

The foundation is a not-for-profit corporation that is exempt from income taxes under section 501(c)(3)of the internal revenue code. The foundation adopted the income tax standard for uncertain tax positions on january 1, 2009. As a result of the implementation, the foundation evaluated its tax positions and determined it has no uncertain tax positions as of june 30, 2023. The years ended june 30,2020 through 2023 are open for potential review and adjustment by the internal revenue service or the georgia department of revenue under the statute of limitations. The organization has no unrelated business income that could produce tax liabilities under the internal revenue code or the laws of the state of georgia. Therefore, no tax liability has been reflected in the financial statements.

Schedule D, Page 4, Part XI, Line 2D

ROUNDING 1

Schedule D, Page 4, Part XII, Line 2D

ROUNDING 1

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