Civic Intelligence

Appalachian Student Housing Corporation

EIN 56-2161660 • 501(c)3 • Boone, NC

Profile

Provide and supervise residential housing facilities for a portion of university students and employees of Appalachian State University in Boone, North Carolina

ASU Box 32117Boone, NC 28608

n/A

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 • $250M-$1B nonprofits • Source year 2025

Liabilities / Revenue

98th percentile

13.89x

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

501(c)3 • $250M-$1B nonprofits • Source year 2025

Net Margin

95th percentile

58%

Higher net margin than 95% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2025

Top Officer Pay

3rd percentile

$0

Higher top officer pay than 3% of similar nonprofits.

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

501(c)3 • $250M-$1B nonprofits • Source year 2025

Asset Growth

99th percentile

206%

Faster asset growth than 99% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Annualized from 2024 to 2025

Revenue Growth

93rd percentile

81%

Faster revenue growth than 93% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets84th percentile

Assets

Down

$93,486,656

Down $5,537,869 (-5.6%) from 2022

Liabilities

Down

$71,490,191

Down $4,026,097 (-5.3%) from 2022

Net Assets

Down

$21,996,465

Down $1,511,772 (-6.4%) from 2022

Operations
Liabilities / Revenue98th percentileNet Margin95th percentile

Revenue

Up

$8,834,099

Up $2,377,415 (+37%) from 2022

Expenses

Up

$10,440,577

Up $4,640,642 (+80%) from 2022

Net Income

Down

-$1,606,478

Down $2,263,227 (-345%) from 2022

Trend Graphs

Balance Sheet Trend

Asset Growth99th percentile

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

$100M$50M$0Assets 2011: $44,196,149Liabilities 2011: $32,109,233Net Assets 2011: $12,086,9162011Assets 2012: $29,563,047Liabilities 2012: $16,435,784Net Assets 2012: $13,127,2632012Assets 2013: $28,531,268Liabilities 2013: $13,581,754Net Assets 2013: $14,949,5142013Assets 2014: $28,066,698Liabilities 2014: $10,934,681Net Assets 2014: $17,132,0172014Assets 2015: $27,519,940Liabilities 2015: $8,333,330Net Assets 2015: $19,186,6102015Assets 2016: $26,296,718Liabilities 2016: $5,098,240Net Assets 2016: $21,198,4782016Assets 2017: $23,538,733Liabilities 2017: $732,422Net Assets 2017: $22,806,3112017Assets 2018: $25,248,329Liabilities 2018: $845,439Net Assets 2018: $24,402,8902018Assets 2019: $27,020,172Liabilities 2019: $420,971Net Assets 2019: $26,599,2012019Assets 2020: $21,920,577Liabilities 2020: $283,010Net Assets 2020: $21,637,5672020Assets 2021: $97,614,551Liabilities 2021: $74,909,240Net Assets 2021: $22,705,3112021Assets 2022: $99,024,525Liabilities 2022: $75,516,288Net Assets 2022: $23,508,2372022Assets 2023: $93,486,656Liabilities 2023: $71,490,191Net Assets 2023: $21,996,4652023

Highlighted filing

2023

Assets$93,486,656
Liabilities$71,490,191
Net Assets$21,996,465
Open 2023 Filing

Operations Trend

Revenue Growth93rd percentile

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

$15M$10M$5.0M$0-$5.0MRevenue 2011: $3,381,580Expenses 2011: $0Net Income 2011: $3,381,5802011Revenue 2012: $1,040,347Expenses 2012: $0Net Income 2012: $1,040,3472012Revenue 2013: $1,822,251Expenses 2013: $0Net Income 2013: $1,822,2512013Revenue 2014: $2,182,503Expenses 2014: $0Net Income 2014: $2,182,5032014Revenue 2015: $2,054,593Expenses 2015: $0Net Income 2015: $2,054,5932015Revenue 2016: $2,011,868Expenses 2016: $0Net Income 2016: $2,011,8682016Revenue 2017: $1,742,384Expenses 2017: $134,551Net Income 2017: $1,607,8332017Revenue 2018: $1,596,579Expenses 2018: $0Net Income 2018: $1,596,5792018Revenue 2019: $2,322,944Expenses 2019: $126,633Net Income 2019: $2,196,3112019Revenue 2020: $4,496,463Expenses 2020: $9,458,097Net Income 2020: -$4,961,6342020Revenue 2021: $5,517,801Expenses 2021: $4,533,449Net Income 2021: $984,3522021Revenue 2022: $6,456,684Expenses 2022: $5,799,935Net Income 2022: $656,7492022Revenue 2023: $8,834,099Expenses 2023: $10,440,577Net Income 2023: -$1,606,4782023

Highlighted filing

2023

Revenue$8,834,099
Expenses$10,440,577
Net Income-$1,606,478
Open 2023 Filing

Filings

Most recent year

2023 • Form 990Summary only. Only limited summary data is available for this year.

Open filing
Assets
$93,486,656
Liabilities
$71,490,191
Net assets
$21,996,465
Revenue
$8,834,099
Expenses
$10,440,577
Net income
-$1,606,478
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$93.5$71.5$22.0$8.83$10.4$1.61
2022Summary only. Only limited summary data is available for this year.$99.0$75.5$23.5$6.46$5.80$0.66
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$97.6$74.9$22.7$5.52$4.53$0.98
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$21.9$0.28$21.6$4.50$9.46$4.96
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$27.0$0.42$26.6$2.32$0.13$2.20
2018Summary only. Only limited summary data is available for this year.$25.2$0.85$24.4$1.60$0.00$1.60
2017Summary only. Only limited summary data is available for this year.$23.5$0.73$22.8$1.74$0.13$1.61
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$26.3$5.10$21.2$2.01$0.00$2.01
2015Detailed filing. Detailed filing data is available for this year.$27.5$8.33$19.2$2.05$0.00$2.05
2014Detailed filing. Detailed filing data is available for this year.$28.1$10.9$17.1$2.18$0.00$2.18
2013Summary only. Only limited summary data is available for this year.$28.5$13.6$14.9$1.82$0.00$1.82
2012Summary only. Only limited summary data is available for this year.$29.6$16.4$13.1$1.04$0.00$1.04
2011Summary only. Only limited summary data is available for this year.$44.2$32.1$12.1$3.38$0.00$3.38
Latest Detailed Filing

The latest 2023 filing currently has summary financial data only. Showing the latest detailed filing from 2015 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Nov 3, 2015
Return Version
2014v5.0
Gross Receipts
$4,412,410
Mission and Program Overview

Mission

To exercise any and all rights of ownership with respect to real property and personal property in connection therewith for the benefit of the university, including to acquire, own, develop, lease, finance, manage, operate, sell, and transfer property. To do any and all other acts and things that are consistent with the purposes above and that may be deemed desirable or expedient for the benefit of the university, its programs, and its faculty, staff and students.

Provide and supervise residential housing facilities for a portion of university students and employees of Appalachian State University in Boone, North Carolina

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$19,660,547$19,902,812▲ $242,265
Savings and Temporary Cash Investments$3,752,682$4,183,165▲ $430,483
Prepaid Expenses and Deferred Charges$78,367$77,494▼ $873
Accounts Receivable$4,140$4,145▲ $5
Cash and Non-Interest-Bearing Accounts$1,000$1,000→ $0
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$28,066,698$27,519,940▼ $546,758
Other Assets Total$4,569,962$3,351,324▼ $1,218,638
Liabilities
Mortgage Notes Payable Secured by Investment Property$6,804,928$5,156,680▼ $1,648,248
Tax Exempt Bond Liabilities$3,600,000$2,400,000▼ $1,200,000
Accounts Payable and Accrued Expenses$475,607$683,932▲ $208,325
Deferred Revenue$54,146$92,718▲ $38,572
Total Liabilities$10,934,681$8,333,330▼ $2,601,351
Net Assets / Fund Balance
Unrestricted Net Assets$17,132,017$19,186,610▲ $2,054,593
Total Net Assets Fund Balance$17,132,017$19,186,610▲ $2,054,593
Total Liabilities and Net Assets / Fund Balance$28,066,698$27,519,940▼ $546,758

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$13,141,432$7,533,594$20,675,026
Land$6,508,850-$6,508,850
Other Land Buildings$6,559$1,258,820$1,265,379
Equipment$245,971$340,521$586,492
Other Assets Org$13,737--
Compensation and Service Providers
Top Officer Pay3rd percentile

Board Members and Trustees

NameTitle
Cindy WallacePresident
Greg LovinsVice President
Bob DunniganDirector
Dave RobertsDirector
Susie GreeneDirector
Tom KaneSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$4,509
Other Revenue
$2,050,084
Change in Net Assets
$2,054,593
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$0
Other Expenses$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0
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
Essential Computer SvcesSee Part VIT servicesNo$73,378
Robert FeidFormer emp.Management ServicesNo$15,000

Loans and Receivables

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

Bond Issues

BondIssuerIssuedIssue PricePurpose
AAppalachain State Univ2010-05-17$16,500,000Construct student housing

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$16,500,000$1,195$14,100,000$67,426

Bond Financing Compliance

Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Yes
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 3: Description of Delegated Duties to Management Company

“Management contracted to Robert Feid.”

Form 990, Part VI, Line 11B: Form 990 Review Process

“Management company reviews 990 and reports to officer prior to signature.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“ASHC Board of Directors must approve any business financial transaction between ASHC and any officer or employee prior to the transaction.”

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

“ASHC Board of Directors review manager compensation periodically and approve changes based on independent assessment of performance and comparison to market costs.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

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

Filing and Contact Details

Filer

Filer Name
Appalachian Student Housing Corporation
EIN
56-2161660
Phone
8282622060
Address
ASU Box 32117, Boone, NC 28608

Signing Officer

Name
Cindy Wallace
Title
President
Signed
2015-11-03
Discuss with paid preparer
Yes

Organization Details

Formed
1999
Legal Domicile
Nc
Voting Board Members
6
Independent Board Members
3
Employees
25

Preparer

Firm
Apple Koceja & Associates PA
Address
445 Dolley Madison RdSte202, Greensboro, NC 27410
Preparer
Jonathan L Apple CPA
Phone
3368544277
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

“The Corporation is exempt from income tax on related income under Section 501(c)(3) of the Internal Revenue Code except on net income derived from unrelated business activities. For the year ended June 30, 2015, the Corporation has determined that no income taxes are due for its activities. Accordingly, no provision for income taxes has been recorded in the accompanying financial statements. No material uncertain tax positions were identified for 2015. The statute of limitations remains open subsequent to and including 2012.”

Raw XML AppendixShowing 400 of 487 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/OnBehalfOfIssuerInd0true
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IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/BOYAmt04569962
IRS990/OtherAssetsTotalGrp/EOYAmt03351324
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherRevenueTotalAmt00
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IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
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IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
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IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt078367
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt077494
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt02124
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherRevenueAmt02180379
IRS990/PYRevenuesLessExpensesAmt02182503
IRS990/PYTotalRevenueAmt02182503
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt02054593
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt02050084
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt02050084
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt03752682
IRS990/SavingsAndTempCashInvstGrp/EOYAmt04183165
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd0true
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd0false
IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesEngagedOrgInvlmntInd0true
IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesFurtherExemptPrpsInd0true
IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesTestInd0X
IRS990ScheduleA/Form990SchAType3FuncIntGrp/AppointElectMajorityOfficerInd0false
IRS990ScheduleA/Form990SchAType3FuncIntGrp/ExerciseDirectionPoliciesInd0false
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/OfficersCloseRelationshipInd0true
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/SupportedOrgVoiceInvestmentInd0true
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/TimelyProvidedDocumentsInd0true
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0Appalachian Student Housing Corporations (ASHC) organizational documents require that three board members will come from specific positions at the supported organization Appalachian State University (ASU). Specifically, these positions are two Vice Chancellors and the Universitys Director of Housing and Residence Life. As these are individuals who hold important offices at ASU, the supported organization is considered to have a significant voice in directing the investment policies and use of ASHCs income and assets at all times.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1Appalachian Student Housing Corporations (ASHC) only supported organization is Appalachian State University (ASU). The purpose of ASHC, as stated in its articles of incorporation, is to develop, finance, provide and supervise residential housing facilities for the students and faculty of Appalachian State University. ASHC owns and operates certain ASU student and faculty housing facilities. The provision of this housing is ASHCs only activity and directly supports and furthers ASUs exempt purpose.ASHCs organizational documents require that three board members will come from specific positions at ASU. Specifically, these positions are two Vice Chancellors and the Universitys Director of Housing and Residence Life. As these are individuals who hold important offices at ASU, the supported organization is considered to have a significant voice in directing the investment policies and use of ASHCs income and assets at all times. This significant voice on the part of important employees of ASU confirms ASHCs responsiveness to ASU, its supported organization.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt2Appalachian Student Housing Corporations (ASHC) only supported organization is Appalachian State University (ASU). An integral activity of a university is the provision of housing for its students. ASHC owns and operates certain ASU student and faculty housing facilities. In the absence of ASHC, ASU would be required to provide alternative housing for its students and faculty.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Part IV, Section D, Line 3: Role The Organization's Supported Orgs. Played
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1Part IV, Section E, Line 2a: Identify Supported Orgs. and Explain How Activities Furthered Exempt Pu
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc2Part IV, Section E, Line 2b: Reasons For The Organization's Position
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0561176030
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd0true
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeDesc02
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0Appalachian State University
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType3FuncIntInd0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt013141432
IRS990ScheduleD/BuildingsGrp/DepreciationAmt07533594
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt020675026
IRS990ScheduleD/EquipmentGrp/BookValueAmt0245971
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0340521
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0586492
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt06508850
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt06508850
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0900000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt124125
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt21210770
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt31202692
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt413737
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Assets limited as to use
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Deferred financing costs, net
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2Net invest in dir fin lease, current
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3Net invest in dir fin lease, non-current
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4Sales tax refund receivable
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt06559
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01258820
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01265379
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Corporation is exempt from income tax on related income under Section 501(c)(3) of the Internal Revenue Code except on net income derived from unrelated business activities. For the year ended June 30, 2015, the Corporation has determined that no income taxes are due for its activities. Accordingly, no provision for income taxes has been recorded in the accompanying financial statements. No material uncertain tax positions were identified for 2015. The statute of limitations remains open subsequent to and including 2012.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
IRS990ScheduleD/TotalBookValueLandBuildingsAmt019902812
IRS990ScheduleD/TotalBookValueOtherAssetsAmt03351324
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd0true
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd0true
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt02010-05-17
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN0561176030
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt016500000
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt0Appalachain State Univ
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd0true
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc0Construct student housing
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyLeaseArrangementsInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyResearchAgreementsInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/MgmtContractBondFincdPropInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/OwningBondFinancedPropertyInd0false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdequateBooksAndRecMaintInd0true
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdvanceRefundingInd0false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CapitalExpendituresAmt016431379
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CurrentRefundingInd0false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd0true
IRS990ScheduleK/TaxExemptBondsProceedsGrp/IssuanceCostsFromProceedsAmt067426
IRS990ScheduleK/TaxExemptBondsProceedsGrp/OtherSpentProceedsAmt01195
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RetiredAmt014100000
IRS990ScheduleK/TaxExemptBondsProceedsGrp/SubstantialCompletionYr02011
IRS990ScheduleK/TaxExemptBondsProceedsGrp/TotalProceedsAmt016500000
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0Robert Feid
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm1Essential Computer Svces
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0Former emp.
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1See Part V
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd1false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt015000
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt173378
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0Management Services
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1IT services
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0Part IV, item (2), Relationship: relative of former employee
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule L, Part V Supplemental Information
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Management contracted to Robert Feid.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Management company reviews 990 and reports to officer prior to signature.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ASHC Board of Directors must approve any business financial transaction between ASHC and any officer or employee prior to the transaction.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ASHC Board of Directors review manager compensation periodically and approve changes based on independent assessment of performance and comparison to market costs.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request to the corporation's business office.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt0Appalachian Student Housing
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0Mountaineer Hall LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt02432726
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0NC
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0Construct ASU campus housing
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt0-28679
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt0109 BB Dougherty Administration Bld
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm0Boone
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd0NC
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd028608
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0NA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Appalachian State University
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0561176030
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(c)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Public University
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt02
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0Financial Services PO Box 32125

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