Civic Intelligence

Collegiate Housing Foundation

990 • Fiscal year 2014 • EIN 63-1173425

Jul 01, 2013 to Jun 30, 2014 • Filed on May 12, 2015

Post Office Box 138536533-1385

(251) 928-9340

Siviq Scores

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

Liabilities / Assets

98th percentile

1.09x

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

2014 filings • 501(c)3 • $1B+ nonprofits • Source year 2014

Liabilities / Revenue

95th percentile

11.42x

Higher debt load relative to revenue than 95% of similar nonprofits.

2014 filings • 501(c)3 • $1B+ nonprofits • Source year 2014

Net Margin

4th percentile

-13%

Higher net margin than 4% of similar nonprofits.

2014 filings • 501(c)3 • $1B+ nonprofits • Source year 2014

Top Officer Pay

6th percentile

$411,146

Higher top officer pay than 6% of similar nonprofits.

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

2014 filings • 501(c)3 • $1B+ nonprofits • Source year 2014

Asset Growth

90th percentile

20%

Faster asset growth than 90% of similar nonprofits.

2014 filings • 501(c)3 • $1B+ nonprofits • Annualized from 2013 to 2014

Revenue Growth

7th percentile

-11%

Faster revenue growth than 7% of similar nonprofits.

2014 filings • 501(c)3 • $1B+ nonprofits • Annualized from 2013 to 2014

Assets

Up

$1,164,477,182

Up $195,999,256 (+20%) from 2013

Net Assets

Down

-$99,305,698

Down $13,819,276 (-16%) from 2013

Liabilities

Up

$1,263,782,880

Up $209,818,532 (+20%) from 2013

Revenue

Down

$110,700,926

Down $13,761,338 (-11%) from 2013

Expenses

Down

$125,219,381

Down $3,932,573 (-3.0%) from 2013

Net Income

Down

-$14,518,455

Down $9,828,765 (-210%) from 2013

Historical Trend

Balance Sheet Trend

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

$4.0B$3.0B$2.0B$1.0B$0-$1.0BAssets 2010: $807,851,397Liabilities 2010: $859,772,705Net Assets 2010: -$51,921,3082010Assets 2011: $953,680,803Liabilities 2011: $1,022,770,313Net Assets 2011: -$69,089,5102011Assets 2012: $1,071,624,609Liabilities 2012: $1,156,995,358Net Assets 2012: -$85,370,7492012Assets 2013: $968,477,926Liabilities 2013: $1,053,964,348Net Assets 2013: -$85,486,4222013Assets 2014: $1,164,477,182Liabilities 2014: $1,263,782,880Net Assets 2014: -$99,305,6982014Assets 2015: $1,226,812,140Liabilities 2015: $1,335,321,092Net Assets 2015: -$108,508,9522015Assets 2016: $1,197,105,310Liabilities 2016: $1,330,153,410Net Assets 2016: -$133,048,1002016Assets 2017: $1,193,380,469Liabilities 2017: $1,334,140,547Net Assets 2017: -$140,760,0782017Assets 2018: $1,638,169,192Liabilities 2018: $1,780,072,182Net Assets 2018: -$141,902,9902018Assets 2019: $2,486,277,258Liabilities 2019: $2,644,069,477Net Assets 2019: -$157,792,2192019Assets 2020: $2,794,520,597Liabilities 2020: $2,983,040,705Net Assets 2020: -$188,520,1082020Assets 2021: $2,768,935,378Liabilities 2021: $2,965,530,287Net Assets 2021: -$196,594,9092021Assets 2022: $2,763,601,383Liabilities 2022: $2,945,440,497Net Assets 2022: -$181,839,1142022Assets 2023: $2,812,822,886Liabilities 2023: $3,013,161,353Net Assets 2023: -$200,338,4672023Assets 2024: $3,208,341,005Liabilities 2024: $3,392,780,260Net Assets 2024: -$184,439,2552024

Highlighted filing

2014

Assets$1,164,477,182
Liabilities$1,263,782,880
Net Assets-$99,305,698

Operations Trend

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

$400M$300M$200M$100M$0-$100MExpenses 2010: $83,706,7742010Expenses 2011: $105,797,9732011Expenses 2012: $109,215,0552012Revenue 2013: $124,462,264Expenses 2013: $129,151,954Net Income 2013: -$4,689,6902013Revenue 2014: $110,700,926Expenses 2014: $125,219,381Net Income 2014: -$14,518,4552014Revenue 2015: $118,783,930Expenses 2015: $127,964,377Net Income 2015: -$9,180,4472015Revenue 2016: $148,594,172Expenses 2016: $171,099,664Net Income 2016: -$22,505,4922016Revenue 2017: $148,152,061Expenses 2017: $159,664,130Net Income 2017: -$11,512,0692017Revenue 2018: $175,866,552Expenses 2018: $180,438,058Net Income 2018: -$4,571,5062018Revenue 2019: $163,386,154Expenses 2019: $181,497,922Net Income 2019: -$18,111,7682019Revenue 2020: $192,768,638Expenses 2020: $215,604,693Net Income 2020: -$22,836,0552020Revenue 2021: $206,570,600Expenses 2021: $223,707,177Net Income 2021: -$17,136,5772021Revenue 2022: $267,821,495Expenses 2022: $248,753,362Net Income 2022: $19,068,1332022Revenue 2023: $249,906,348Expenses 2023: $267,501,606Net Income 2023: -$17,595,2582023Revenue 2024: $336,161,179Expenses 2024: $319,826,714Net Income 2024: $16,334,4652024

Highlighted filing

2014

Revenue$110,700,926
Expenses$125,219,381
Net Income-$14,518,455
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
May 12, 2015
Return Version
2013v4.0
Gross Receipts
$154,349,073
Mission and Program Overview

Mission

(a)the organization is organized exclusively for charitable, religious, and educational purposes within the meaning of section 501(c)(3) of the u.s. Internal revenue code of 1986 (the code) including for such purposes:(1)assisting each of its members to provide housing for its enrolled students; and(2)otherwise assisting each of its members to further their educational missions.(b)the organization is empowered to do and perform such acts as may be necessary or appropriate in carrying out the foregoing purposes of the organization and in connection therewith to exercise any of the powers granted to nonprofit corporations by the alabama nonprofit corporation act which are consistent with the organization's status as an organization (i) exempt from federal income tax under section 501(a) and 501(c)(3) of the code and (ii) to which contributions are deductible under section 170(c)(2) of the code.

(a)the organization is organized exclusively for charitable, religious, and educational purposes within the meaning of section 501(c)(3) of the u.s. Internal revenue code of 1986 (the code) including for such purposes:(1)assisting each of its members to provide housing for its enrolled students; and (2)otherwise assisting each of its members to further their educational missions.(b)the organization is empowered to do and perform such acts as may be necessary or appropriate in carrying out the foregoing purposes of the organization and in connection therewith to exercise any of the powers granted to nonprofit corporations by the alabama nonprofit corporation act which are consistent with the organization's status as an organization (i) exempt from federal income tax under section 501(a) and 501(c)(3) of the code and (ii) to which contributions are deductible under section 170(c)(2) of the code.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$658,430,790$635,043,543▼ $23,387,247
Savings and Temporary Cash Investments$84,640,534$295,092,758▲ $210,452,224
Investments in Publicly Traded Securities$119,928,966$115,645,519▼ $4,283,447
Prepaid Expenses and Deferred Charges$21,281,316$26,049,633▲ $4,768,317
Investments Other Securities$24,251,519$22,189,919▼ $2,061,600
Cash and Non-Interest-Bearing Accounts$12,622,543$12,312,608▼ $309,935
Accounts Receivable$1,587,753$643,082▼ $944,671
Total Assets$968,477,926$1,164,477,182▲ $195,999,256
Other Assets Total$45,734,505$57,500,120▲ $11,765,615
Liabilities
Tax Exempt Bond Liabilities$970,611,743$1,171,247,424▲ $200,635,681
Accounts Payable and Accrued Expenses$36,143,350$47,589,524▲ $11,446,174
Mortgage Notes Payable Secured by Investment Property$25,727,853$25,310,803▼ $417,050
Other Liabilities$15,677,636$13,508,970▼ $2,168,666
Deferred Revenue$5,803,766$6,126,159▲ $322,393
Total Liabilities$1,053,964,348$1,263,782,880▲ $209,818,532
Net Assets / Fund Balance
Unrestricted Net Assets$-85,486,422$-99,305,698▼ $13,819,276
Total Net Assets Fund Balance$-85,486,422$-99,305,698▼ $13,819,276
Total Liabilities and Net Assets / Fund Balance$968,477,926$1,164,477,182▲ $195,999,256

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$616,040,354$106,709,621$722,749,975
Equipment$12,904,328$16,996,004$29,900,332
Land$6,098,861-$6,098,861
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
William B GivhanGeneral Counsel/chief OperFT$378,000$33,146$411,146
Leeman H CoveyPresident/executive DirectPT$115,500$19,227$134,727
Janet BrownAssistant SecretaryFT$89,250$18,371$107,621
Hon Jack EdwardsSecretary-$12,500-$12,500
John B HicksVice President-$12,500-$12,500
John Brooks SlaughterTreasurer-$12,500-$12,500
Linda Flaherty-goldsmithDirector-$12,500-$12,500
Thomas M DalyDirector-$12,500-$12,500

Highest Paid Contractors

ContractorServicesLocationCompensation
Androit Construction Co INCConstruction-$13,305,021
Balfour Beatty Campus Solutions LLCConstruction-$6,370,014
Acc Sc Development LLCDevelopment Costs-$3,923,853
Acc Sc Management LLCManagement-$1,217,364
California Steamers PropertyCleaning-$781,700
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$103,357,773
Investment Income
$7,292,544
Other Revenue
$50,609
Change in Net Assets
$-14,518,455

Audited Revenue Reconciliation

Revenue per Audited Statements
$110,838,957
Revenue Not Reported on Financial Statements
$-138,031
Revenue Not Reported on Form 990
$2,273,193
Other Revenue Adjustments
$-138,031
Total Revenue per Audited Statements
$113,112,150
Total Revenue per Form 990
$110,700,926
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$124,463,757
Salaries, Compensation, and Employee Benefits$755,624
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$52,723,643--$52,723,643
Depreciation Depletion$27,927,662$6,943-$27,934,605
Occupancy$23,425,458$37,882-$23,463,340
Fees for Services Management$10,132,650--$10,132,650
Insurance$1,560,389$62,705-$1,623,094
Office Expenses$1,279,334$12,127-$1,291,461
Current Officers, Directors, Trustees, and Key Employees-$682,100-$682,100
Fees for Services Accounting$281,189$102,864-$384,053
Fees for Services Legal$313,476$54,726-$368,202
Fees for Services Other$338,773--$338,773
Other Expenses$302,880$47,732-$302,880
Fees for Service Investment Mgmnt Fees$247,480--$247,480
Advertising$172,138$1,145-$173,283
All Other Expenses$101,164--$101,164
Travel$40,939$57,750-$98,689
Information Technology$50,344$2,834-$53,178
Other Employee Benefits-$37,795-$37,795
Payroll Taxes-$29,294-$29,294
Conferences and Meetings-$21,502-$21,502
Pension Plan Contributions-$6,435-$6,435
Total Functional Expenses$124,055,547$1,163,834$0$125,219,381

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$126,931,426
Expenses per Audited Statements$125,351,858
Total Expenses per Form 990$125,219,381
Expenses Not Reported on Form 990$1,579,568
Expenses Not Reported on Financial Statements$-132,477
Other Expense Adjustments$-132,477
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
Fair Value of Interest Exchange$10,980,985
Security Deposits$2,527,985

Bond Issues

BondIssuerIssuedIssue PricePurpose
C68-01646102008-07-30$221,367,790To construct a student housing facility at the university of california irvi
B86-10919672011-03-10$130,435,517SEE SCHEDULE K PART VI
A68-01646102004-12-14$111,032,953To construct a student housing facility at the university of california irvi
D26-16046182014-05-29$109,574,178To construct a student housing facility at texas a&m university college stat
B68-01646102006-04-27$101,688,202To provide funds to refund bonds issued on december 14, 2004
D68-01646102012-01-11$95,742,546To acquire a student housing facility at university of california at irvine
A86-10919672011-02-23$58,771,834To construct a student housing facility at illinois state university
A51-60001602005-09-29$44,965,000To provide funds to refund bonds issued on november 17, 1999
B26-16046182014-06-19$44,783,024To construct a student housing facility at texas a&m university galveston
A93-60017872012-04-19$44,330,935To construct a student housing facility at southern oregon university
A26-16046182014-06-11$39,950,287To construct a student housing facility at tarleton state university
C34-64069862014-05-06$37,908,501To construct a student housing facility at university of toledo
C52-16998862007-05-09$36,335,000To construct a student housing facility at drake university
B26-16046182013-07-11$25,696,304To construct a student housing facility at tarleton state university
D03-02399022004-07-29$23,075,000To construct a student housing facility at the university of vermont
A52-12935292005-11-18$16,668,729To construct a student housing facility at stetson university
C27-31067972011-06-29$15,833,664To construct a student housing facility at the culinary institute of america
D83-02227232011-07-14$15,290,054To construct a student housing facility at univeristy of wyoming
B52-20157502007-05-03$12,780,000To construct a student housing facility at the albany college of pharmacy
C73-16874292003-12-30$11,871,268To construct a student housing facility at southern arkansas university
D52-20157502008-01-25$6,495,000To construct a student housing facility at the albany college of pharmacy
B23-19734372008-12-30$5,950,000To provide funds to refund bonds issued on june 29, 2000

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
C$232,351,335$95,037,721$5,925,000$1,992,466
B$130,670,745--$1,960,059
A$114,610,514$35,321,257$8,820,000$1,457,203
D$109,575,045--$1,395,264
B$101,688,202$822,663$1,405,000$895,710
D$95,742,546$309,952$2,800,000$704,825
A$59,044,880$49,569$90,000$1,027,343
A$44,965,000$41,565,741$8,870,000$359,835
B$44,783,024--$834,557
A$44,353,278--$861,550
A$39,950,287--$766,576
C$37,911,010--$694,725
C$37,461,123$59,375$1,165,000$674,392
B$25,721,371--$507,762
D$23,550,928$158,542$420,000$461,500
A$16,974,530$227,177$1,920,000$328,738
C$15,833,786--$316,673
D$15,310,437--$228,950
B$12,837,193$18,512,973$2,350,000$245,628
C$11,961,235$14,979$1,935,000$237,067
D$6,531,819$52,078$1,325,000$110,970
B$5,950,000$5,831,000$870,000$67,175

Bond Financing Compliance

No rebate due
Yes
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
Yes
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
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

The student housing facilities owned by the organization are managed by the associated member college or university or by an independent management company approved by such college or university.

Form 990, Part VI, Section A, Line 6

Any college or university for which collegiate housing foundation (the foundation) owns and operates a student housing facility or related improvements is a member of the foundation as long as the foundation owns or operates the facilities.

Form 990, Part VI, Section A, Line 7A

The member schools elect the organization's board of directors

Form 990, Part VI, Section A, Line 8B

Organization has no committees with the authority to act on behalf of the governing body.

Form 990, Part VI, Section B, Line 11

A draft of the form 990 is prepared by the organization's accounting firm and after review by the organization's legal counsel, is reviewed and approved by the president of the organization before being filed. A copy is also furnished to each of the organization's board members prior to filing.

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

Each board member is annually required to acknowledge in writing their receipt of the organization's written conflict of interest policy and agree to comply with the same.

Form 990, Part VI, Section B, Line 15

The board of directors reviewed compensation surveys and other data for individuals in functionally comparable positions and based all of the officers' salaries on such information. Persons with a conflict of interest were not present for the voting or deliberation and did not vote on the subject.

Form 990, Part VI, Section C, Line 19

Copies of documents required by law to be available to the public are provided upon request

Filing and Contact Details

Filer

EIN
63-1173425
Phone
2519289340

Signing Officer

Name
Leeman H Covey
Title
President
Phone
2519289340
Signed
2015-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Leeman H Covey
Formed
1996
Legal Domicile
Al
Voting Board Members
6
Independent Board Members
5
Employees
3
Volunteers
0

Preparer

Preparer
Brian M Blakeney
Phone
2514106700
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Net unrealized gains on interest exchange: 2,140,716.

FORM 990, PART XII, LINE 2C:

The board of directors, acting as a committee of the whole, assumes responsibility for oversight of the audit and the selection of an independent accountant.

Financial Statement Notes

PART X, LINE 2:

The foundation has a policy for accounting for uncertainty in income taxes. The foundation will record a liability for uncertain tax positions when it is more likely than not that a tax position would not be sustained if examined by the taxing authority. For tax-exempt entities, tax positions include the entity's tax-exempt status and assumptions used to determine unrelated business taxable income. The foundation had no unrecognized tax benefits at june 30, 2014 or june 30, 2013. The tax years 2010 - 2013 remain open to examination.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Change in fair value of interest exchange 2,140,716. Reimbursements received 132,477.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Expenses reported as reductions of ubit on part viii line 6b -138,031.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Expenses reported as deductions to ubit on part viii line 6b 138,031.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Reimbursements received -132,477.

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IRS990/ContractorCompensationGrp/ServicesDesc0CONSTRUCTION
IRS990/ContractorCompensationGrp/ServicesDesc1CONSTRUCTION
IRS990/ContractorCompensationGrp/ServicesDesc2DEVELOPMENT COSTS
IRS990/ContractorCompensationGrp/ServicesDesc3MANAGEMENT
IRS990/ContractorCompensationGrp/ServicesDesc4CLEANING
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
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IRS990/CYOtherRevenueAmt050609
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IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0110700926
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt05803766
IRS990/DeferredRevenueGrp/EOYAmt06126159
IRS990/DelegationOfMgmtDutiesInd01
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt06943
IRS990/DepreciationDepletionGrp/ProgramServicesAmt027927662
IRS990/DepreciationDepletionGrp/TotalAmt027934605
IRS990/Desc0PROVIDE 5,126 BED STUDENT HOUSING FACILITY IN IRVINE,CA FOR UNIVERSITY OF CALIFORNIA IRVINE
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd01
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt03
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/EscrowAccountInd00
IRS990/ExpenseAmt060767997
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt0102864
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt0281189
IRS990/FeesForServicesAccountingGrp/TotalAmt0384053
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt054726
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt0313476
IRS990/FeesForServicesLegalGrp/TotalAmt0368202
IRS990/FeesForServicesManagementGrp/ProgramServicesAmt010132650
IRS990/FeesForServicesManagementGrp/TotalAmt010132650
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt0338773
IRS990/FeesForServicesOtherGrp/TotalAmt0338773
IRS990/FeesForSrvcInvstMgmntFeesGrp/ProgramServicesAmt0247480
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt0247480
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt030.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt635.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt740.00
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IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt618371
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt733146
IRS990/Form990PartVIISectionAGrp/PersonNm0LEEMAN H COVEY
IRS990/Form990PartVIISectionAGrp/PersonNm1JOHN BROOKS SLAUGHTER
IRS990/Form990PartVIISectionAGrp/PersonNm2HON JACK EDWARDS
IRS990/Form990PartVIISectionAGrp/PersonNm3LINDA FLAHERTY-GOLDSMITH
IRS990/Form990PartVIISectionAGrp/PersonNm4JOHN B HICKS
IRS990/Form990PartVIISectionAGrp/PersonNm5THOMAS M DALY
IRS990/Form990PartVIISectionAGrp/PersonNm6JANET BROWN
IRS990/Form990PartVIISectionAGrp/PersonNm7WILLIAM B GIVHAN
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt112500
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt212500
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt312500
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt412500
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt512500
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt689250
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt7378000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT/EXECUTIVE DIRECT
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6ASSISTANT SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt7GENERAL COUNSEL/CHIEF OPER
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/Form990TFiledInd01
IRS990/FormationYr01996
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolAndSepBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
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IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt06
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt047655000
IRS990/GrossReceiptsAmt0154349073
IRS990/GrossRentsGrp/RealAmt0188640
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IncmFromInvestBondProceedsGrp/ExclusionAmt03056470
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt03056470
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt05
IRS990/IndivRcvdGreaterThan100KCnt02
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt02834
IRS990/InformationTechnologyGrp/ProgramServicesAmt050344
IRS990/InformationTechnologyGrp/TotalAmt053178
IRS990/InsuranceGrp/ManagementAndGeneralAmt062705
IRS990/InsuranceGrp/ProgramServicesAmt01560389
IRS990/InsuranceGrp/TotalAmt01623094
IRS990/InterestGrp/ProgramServicesAmt052723643
IRS990/InterestGrp/TotalAmt052723643
IRS990/InvestmentIncomeGrp/ExclusionAmt091190
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt091190
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt024251519
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt022189919
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0119928966
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0115645519
IRS990/InvestTaxExemptBondsInd01
IRS990/IRPDocumentCnt091
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0123705625
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0658430790
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0635043543
IRS990/LandBldgEquipCostOrOtherBssAmt0758749168
IRS990/LegalDomicileStateCd0AL
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt043510116
IRS990/LessRentalExpensesGrp/RealAmt0138031
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd01
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0(A)THE ORGANIZATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE, RELIGIOUS, AND EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE U.S. INTERNAL REVENUE CODE OF 1986 (THE CODE) INCLUDING FOR SUCH PURPOSES:(1)ASSISTING EACH OF ITS MEMBERS TO PROVIDE HOUSING FOR ITS ENROLLED STUDENTS; AND(2)OTHERWISE ASSISTING EACH OF ITS MEMBERS TO FURTHER THEIR EDUCATIONAL MISSIONS.(B)THE ORGANIZATION IS EMPOWERED TO DO AND PERFORM SUCH ACTS AS MAY BE NECESSARY OR APPROPRIATE IN CARRYING OUT THE FOREGOING PURPOSES OF THE ORGANIZATION AND IN CONNECTION THEREWITH TO EXERCISE ANY OF THE POWERS GRANTED TO NONPROFIT CORPORATIONS BY THE ALABAMA NONPROFIT CORPORATION ACT WHICH ARE CONSISTENT WITH THE ORGANIZATION'S STATUS AS AN ORGANIZATION (I) EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(A) AND 501(C)(3) OF THE CODE AND (II) TO WHICH CONTRIBUTIONS ARE DEDUCTIBLE UNDER SECTION 170(C)(2) OF THE CODE.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt025727853
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt025310803
IRS990/NetAssetsOrFundBalancesBOYAmt0-85486422
IRS990/NetAssetsOrFundBalancesEOYAmt0-99305698
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt04144884
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt04144884
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt050609
IRS990/NetRentalIncomeOrLossGrp/UnrelatedBusinessRevenueAmt050609
IRS990/NetUnrelatedBusTxblIncmAmt049609
IRS990/NetUnrlzdGainsLossesInvstAmt0-1441537
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt037882
IRS990/OccupancyGrp/ProgramServicesAmt023425458
IRS990/OccupancyGrp/TotalAmt023463340
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt012127
IRS990/OfficeExpensesGrp/ProgramServicesAmt01279334
IRS990/OfficeExpensesGrp/TotalAmt01291461
IRS990/OfficerMailingAddressInd00
IRS990/OnBehalfOfIssuerInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt045734505
IRS990/OtherAssetsTotalGrp/EOYAmt057500120
IRS990/OtherChangesInNetAssetsAmt02140716
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt037795
IRS990/OtherEmployeeBenefitsGrp/TotalAmt037795
IRS990/OtherExpensesGrp/Desc0UBIT
IRS990/OtherExpensesGrp/Desc1ADMINISTRATIVE
IRS990/OtherExpensesGrp/Desc2SUPPORTING FACILITIES
IRS990/OtherExpensesGrp/Desc3LOSS ON EXTINGUISHMENT
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt047732
IRS990/OtherExpensesGrp/ProgramServicesAmt034797
IRS990/OtherExpensesGrp/ProgramServicesAmt13773794
IRS990/OtherExpensesGrp/ProgramServicesAmt21349437
IRS990/OtherExpensesGrp/ProgramServicesAmt3302880
IRS990/OtherExpensesGrp/TotalAmt034797
IRS990/OtherExpensesGrp/TotalAmt13821526
IRS990/OtherExpensesGrp/TotalAmt21349437
IRS990/OtherExpensesGrp/TotalAmt3302880
IRS990/OtherLiabilitiesGrp/BOYAmt015677636
IRS990/OtherLiabilitiesGrp/EOYAmt013508970
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt029294
IRS990/PayrollTaxesGrp/TotalAmt029294
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt06435
IRS990/PensionPlanContributionsGrp/TotalAmt06435
IRS990/PoliciesReferenceChaptersInd01
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt021281316
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt026049633
IRS990/PrincipalOfficerNm0LEEMAN H COVEY
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/BusinessCd2531110
IRS990/ProgramServiceRevenueGrp/BusinessCd3531110
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/Desc1MISCELLANEOUS INCOME
IRS990/ProgramServiceRevenueGrp/Desc2CONVENIENCE INCOME
IRS990/ProgramServiceRevenueGrp/Desc3FEES/FORFEITED DEPOSITS
IRS990/ProgramServiceRevenueGrp/ExclusionAmt01785405
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt098759870
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11895131
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2917367
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt098759870
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11895131
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt21785405
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3917367
IRS990/ProgSrvcAccomActy2Grp/Desc0PROVIDE 1,248 BED STUDENT HOUSING FACILITY IN DEKALB, IL FOR NORTHERN ILLINOIS UNIVERSITY
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt017966489
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt012441635
IRS990/ProgSrvcAccomActy3Grp/Desc0PROVIDE 896 BED STUDENT HOUSING FACILITY IN NORMAL, IL FOR ILLINOIS STATE UNIVERSITY
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt09443400
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt06970847
IRS990/ProgSrvcAccomActyOtherGrp/Desc0PROVIDE 516 BED STUDENT HOUSING FACILITY IN ELON, NC FOR ELON UNIVERSITY
IRS990/ProgSrvcAccomActyOtherGrp/Desc1PROVIDE 457 BED STUDENT HOUSING FACILITY IN DES MOINES, IOWA FOR DRAKE UNIVERSITY
IRS990/ProgSrvcAccomActyOtherGrp/Desc2PROVIDE 753 BED STUDENT HOUSING FACILITY IN BIRMINGHAM, AL FOR UNIVERSITY OF ALABAMA AT BIRMINGHAM
IRS990/ProgSrvcAccomActyOtherGrp/Desc3PROVIDE 332 BED STUDENT HOUSING FACILITY IN LARAMIE, WY FOR UNIVERSITY OF WYOMING
IRS990/ProgSrvcAccomActyOtherGrp/Desc4PROVIDE 312 BED STUDENT HOUSING FACILITY IN BURLINGTON, VT FOR THE UNIVERSITY OF VERMONT
IRS990/ProgSrvcAccomActyOtherGrp/Desc5PROVIDE 523 BED STUDENT HOUSING FACILITY IN BIRMINGHAM, AL FOR THE UNIVERSITY OF ALABAMA AT BIRMINGHAM
IRS990/ProgSrvcAccomActyOtherGrp/Desc6PROVIDE 338 BED STUDENT HOUSING FACILITY IN DELAND, FL FOR STETSON UNIVERSITY
IRS990/ProgSrvcAccomActyOtherGrp/Desc7PROVIDE 160 BED STUDENT HOUSING FACILITY IN HYDE PARK, NY FOR CULINARY INSTITUTE OF AMERICA
IRS990/ProgSrvcAccomActyOtherGrp/Desc8PROVIDE 702 BED STUDENT HOUSING FACILITY IN ASHLAND, OR FOR SOUTHERN OREGON UNIVERSITY
IRS990/ProgSrvcAccomActyOtherGrp/Desc9PROVIDE 880 BED STUDENT HOUSING FACILITY IN NEWARK, DE FOR UNIVERSITY OF DELAWARE
IRS990/ProgSrvcAccomActyOtherGrp/Desc10PROVIDE 264 BED STUDENT HOUSING FACILITY IN MAGNOLIA, AR FOR SOUTHERN ARKANSAS UNIVERSITY
IRS990/ProgSrvcAccomActyOtherGrp/Desc11PROVIDE 177 BED STUDENT HOUSING FACILITY IN ALBANY, NY FOR THE ALBANY COLLEGE OF PHARMACY
IRS990/ProgSrvcAccomActyOtherGrp/Desc12PROVIDE 180 BEDROOM STUDENT HOUSING FACILITY IN ST. DAVID'S, PA FOR EASTERN COLLEGE
IRS990/ProgSrvcAccomActyOtherGrp/Desc13PROVIDE 122 BED STUDENT HOUSING FACILITY IN ALBANY, NEW YORK FOR THE ALBANY COLLEGE OF PHARMACY
IRS990/ProgSrvcAccomActyOtherGrp/Desc14REIMBURSED/REFUNDED EXPENSES ON CURRENT OR PAST PROJECTS
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt04244316
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt14305767
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt2587633
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt32099878
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt42966590
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt5411376
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt62750285
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt71982370
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt86037691
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt96607818
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt101370203
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt111062659
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt12904066
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt13679486
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt14-132477
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt04271845
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt12750610
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt2115880
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt31673564
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt42588535
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt5242628
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt63261023
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt71723973
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt84618186
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt98214906
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt101484213
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt111240173
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt121061868
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt13858971
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt016720971
IRS990/PYOtherExpensesAmt0128449407
IRS990/PYOtherRevenueAmt090465
IRS990/PYProgramServiceRevenueAmt0107650828
IRS990/PYRevenuesLessExpensesAmt0-4689690
IRS990/PYSalariesCompEmpBnftPaidAmt0702547
IRS990/PYTotalExpensesAmt0129151954
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0124462264
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-14518455
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt050609
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt048053511
IRS990/SavingsAndTempCashInvstGrp/BOYAmt084640534
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0295092758
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3,208$3,393$184$336$320$16.3
2023Detailed filing. Detailed filing data is available for this year.$2,813$3,013$200$250$268$17.6
2022Detailed filing. Detailed filing data is available for this year.$2,764$2,945$182$268$249$19.1
2021Detailed filing. Detailed filing data is available for this year.$2,769$2,966$197$207$224$17.1
2020Detailed filing. Detailed filing data is available for this year.$2,795$2,983$189$193$216$22.8
2019Detailed filing. Detailed filing data is available for this year.$2,486$2,644$158$163$181$18.1
2018Detailed filing. Detailed filing data is available for this year.$1,638$1,780$142$176$180$4.57
2017Detailed filing. Detailed filing data is available for this year.$1,193$1,334$141$148$160$11.5
2016Detailed filing. Detailed filing data is available for this year.$1,197$1,330$133$149$171$22.5
2015Detailed filing. Detailed filing data is available for this year.$1,227$1,335$109$119$128$9.18
2014Detailed filing. Detailed filing data is available for this year.$1,164$1,264$99.3$111$125$14.5
2013Summary only. Only limited summary data is available for this year.$968$1,054$85.5$124$129$4.69
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1,072$1,157$85.4$109
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$954$1,023$69.1$106
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$808$860$51.9$83.7