Civic Intelligence

University Center Facilities Corporation III

EIN 82-2905527 • 501(c)3 • Rock Hill, SC

Profile

Assisting the city of rock hill, sc by acquiring, developing, selling, donating, contributing, owning, operating, leasing, or managing real property and improvements thereon.

PO Box 11706Rock Hill, SC 29731-1706
Siviq Scores

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

Liabilities / Assets

95th percentile

1.07x

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

501(c)3 • $10M-$25M nonprofits • Source year 2025

Liabilities / Revenue

97th percentile

10.63x

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

501(c)3 • $10M-$25M nonprofits • Source year 2025

Net Margin

69th percentile

15%

Higher net margin than 69% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Top Officer Pay

87th percentile

$418,850

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 24.2% of source-year revenue.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Asset Growth

20th percentile

-4.0%

Faster asset growth than 20% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2024 to 2025

Revenue Growth

33rd percentile

-0.2%

Faster revenue growth than 33% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2024 to 2025

Assets

Down

$17,280,501

Down $720,015 (-4.0%) from 2024

Liabilities

Down

$18,404,382

Down $986,590 (-5.1%) from 2024

Net Assets

Up

-$1,123,881

Up $266,575 (+19%) from 2024

Revenue

Down

$1,730,739

Down $2,787 (-0.2%) from 2024

Expenses

Down

$1,464,164

Down $44,250 (-2.9%) from 2024

Net Income

Up

$266,575

Up $41,463 (+18%) from 2024

Trend Graphs

Balance Sheet Trend

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

$30M$20M$10M$0-$10MAssets 2018: $21,665,811Liabilities 2018: $22,150,811Net Assets 2018: -$485,0002018Assets 2019: $25,553,344Liabilities 2019: $25,808,765Net Assets 2019: -$255,4212019Assets 2020: $20,880,402Liabilities 2020: $22,090,811Net Assets 2020: -$1,210,4092020Assets 2021: $20,160,386Liabilities 2021: $21,845,811Net Assets 2021: -$1,685,4252021Assets 2022: $19,440,372Liabilities 2022: $21,665,811Net Assets 2022: -$2,225,4392022Assets 2023: $18,720,358Liabilities 2023: $20,335,926Net Assets 2023: -$1,615,5682023Assets 2024: $18,000,516Liabilities 2024: $19,390,972Net Assets 2024: -$1,390,4562024Assets 2025: $17,280,501Liabilities 2025: $18,404,382Net Assets 2025: -$1,123,8812025

Highlighted filing

2025

Assets$17,280,501
Liabilities$18,404,382
Net Assets-$1,123,881

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2018: $0Expenses 2018: $485,000Net Income 2018: -$485,0002018Revenue 2019: $251,920Expenses 2019: $65,255Net Income 2019: $186,6652019Revenue 2020: $942,015Expenses 2020: $1,897,004Net Income 2020: -$954,9892020Revenue 2021: $1,094,263Expenses 2021: $1,569,279Net Income 2021: -$475,0162021Revenue 2022: $1,021,300Expenses 2022: $1,561,314Net Income 2022: -$540,0142022Revenue 2023: $2,160,535Expenses 2023: $1,550,664Net Income 2023: $609,8712023Revenue 2024: $1,733,526Expenses 2024: $1,508,414Net Income 2024: $225,1122024Revenue 2025: $1,730,739Expenses 2025: $1,464,164Net Income 2025: $266,5752025

Highlighted filing

2025

Revenue$1,730,739
Expenses$1,464,164
Net Income$266,575

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Feb 20, 2026
Return Version
2024v5.0
Gross Receipts
$1,730,739
Mission and Program Overview

Mission

Assisting the city of rock hill, sc by acquiring, developing, selling, donating, contributing, owning, operating, leasing, or managing real property and improvements thereon.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$18,000,344$17,280,330▼ $720,014
Cash and Non-Interest-Bearing Accounts$172$171▼ $1
Total Assets$18,000,516$17,280,501▼ $720,015
Liabilities
Tax Exempt Bond Liabilities$19,390,972$18,404,382▼ $986,590
Total Liabilities$19,390,972$18,404,382▼ $986,590
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-1,390,456$-1,123,881▲ $266,575
Total Net Assets Fund Balance$-1,390,456$-1,123,881▲ $266,575
Total Liabilities and Net Assets / Fund Balance$18,000,516$17,280,501▼ $720,015

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$17,280,330$4,320,083$21,600,413
Compensation and Service Providers

Employees

NameTitleOtherTotal
Steven GibsonVice Preside$363,957$363,957
Anne P HartySecretary/tr$232,084$232,084

Board Members and Trustees

NameTitle
David VehaunPresident
Steven GibsonVice President
Maddison P WilkersonSecretary/tr
Anne P HartySecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,730,739
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$266,575
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,464,164
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$744,150--$744,150
Depreciation Depletion$720,014--$720,014
Total Functional Expenses$1,464,164$0$0$1,464,164
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

Bond Issues

BondIssuerIssuedIssue PricePurpose
AUniversity Center Facilities Corpor2018-04-01$20,810,000Acquisition of property & improvements

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$20,810,000--$855,811

Bond Financing Compliance

No rebate due
No
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
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
No
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 6

The organization has one member, the city of rock hill.

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

The city of rock hill solely can appoint & elect the board members and select their rights. Their actions must be approved by the city as outlined in the governing documents.

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

The city of rock hill solely can appoint & elect the board members and select their rights. Their actions must be approved by the city as outlined in the governing documents.

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

The secretary/treasurer reviews the form 990 with the city's financial compliance manager and signs it

Form 990, Page 6, Part VI, Line 19

The organization makes available to the public its governing documents and financial statements upon request directed to its secretary/treasurer at its offices in rock hill, sc

Form 990, Part VII

Related organizations - this organization assists the city of rock hill by acquiring, developing, selling, donating, contributing, owning, operating, leasing, or managing real property and improvments thereon. The city of rock hill is the related organization paying the salary of david b vehaun as the city manager

Filing and Contact Details

Filer

Filer Name
University Center Facilities
EIN
82-2905527
Phone
8033298775
Address
PO BOX 11706, ROCK HILL, SC 29731-1706

Signing Officer

Name
Maddison P Wilkerson
Title
Secretary/treasurer
Phone
8033298775
Signed
2026-02-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Vehaun
Formed
2017
Legal Domicile
Sc
Voting Board Members
3
Independent Board Members
0
Employees
0

Preparer

Firm
Burkett Burkett & Burkett Cpas Pa
Address
128 E MAIN STREET SUITE 201, ROCK HILL, SC 29730-4540
Preparer
Kim Smith CPA
Phone
8033251660
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IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd0true
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt02018-04-01
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN0822905527
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsIssuesGrp/CUSIPNum0837036FV9
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt020810000
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt0UNIVERSITY CENTER FACILITIES CORPOR
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine2Txt0TION III
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc0ACQUISITION OF PROPERTY & IMPROVEMENTS
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyLeaseArrangementsInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyResearchAgreementsInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondIssMeetPrvtSecPymtTestInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ChangeInUseBondFinancedPropInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/MgmtContractBondFincdPropInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/OwningBondFinancedPropertyInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ProcsNonqualifiedBondRemdtdInd0true
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdequateBooksAndRecMaintInd0true
IRS990ScheduleK/TaxExemptBondsProceedsGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CapitalExpendituresAmt020810000
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CapitalizedInterestAmt062659
IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd0true
IRS990ScheduleK/TaxExemptBondsProceedsGrp/IssuanceCostsFromProceedsAmt0855811
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxableBondsInd0false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxExemptBondsInd0false
IRS990ScheduleK/TaxExemptBondsProceedsGrp/SubstantialCompletionYr02019
IRS990ScheduleK/TaxExemptBondsProceedsGrp/TotalProceedsAmt020810000
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS ONE MEMBER, THE CITY OF ROCK HILL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CITY OF ROCK HILL SOLELY CAN APPOINT & ELECT THE BOARD MEMBERS AND SELECT THEIR RIGHTS. THEIR ACTIONS MUST BE APPROVED BY THE CITY AS OUTLINED IN THE GOVERNING DOCUMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CITY OF ROCK HILL SOLELY CAN APPOINT & ELECT THE BOARD MEMBERS AND SELECT THEIR RIGHTS. THEIR ACTIONS MUST BE APPROVED BY THE CITY AS OUTLINED IN THE GOVERNING DOCUMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE SECRETARY/TREASURER REVIEWS THE FORM 990 WITH THE CITY'S FINANCIAL COMPLIANCE MANAGER AND SIGNS IT
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES AVAILABLE TO THE PUBLIC ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS UPON REQUEST DIRECTED TO ITS SECRETARY/TREASURER AT ITS OFFICES IN ROCK HILL, SC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5RELATED ORGANIZATIONS - THIS ORGANIZATION ASSISTS THE CITY OF ROCK HILL BY ACQUIRING, DEVELOPING, SELLING, DONATING, CONTRIBUTING, OWNING, OPERATING, LEASING, OR MANAGING REAL PROPERTY AND IMPROVMENTS THEREON. THE CITY OF ROCK HILL IS THE RELATED ORGANIZATION PAYING THE SALARY OF DAVID B VEHAUN AS THE CITY MANAGER
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VII
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0NA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0CITY OF ROCK HILL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0576000244
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0115
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0SC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0GOVERNMENT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt06
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0PO BOX 11706
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0ROCK HILL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0SC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd029731
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0true
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt010000
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0ESTIMATED VALUE OF TIME
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0CITY OF ROCK HILL
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0O
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt019390972
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt018404382
IRS990/TaxExemptBondsInd0true
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt018000516
IRS990/TotalAssetsEOYAmt017280501
IRS990/TotalAssetsGrp/BOYAmt018000516
IRS990/TotalAssetsGrp/EOYAmt017280501
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01464164
IRS990/TotalFunctionalExpensesGrp/TotalAmt01464164
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt019390972
IRS990/TotalLiabilitiesEOYAmt018404382
IRS990/TotalLiabilitiesGrp/BOYAmt019390972
IRS990/TotalLiabilitiesGrp/EOYAmt018404382
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-1390456
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-1123881
IRS990/TotalOtherCompensationAmt0221215
IRS990/TotalProgramServiceExpensesAmt01464164
IRS990/TotalProgramServiceRevenueAmt01730739
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01730739
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01730739
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt018000516
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt017280501
IRS990/TotReportableCompRltdOrgAmt0793676
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 11706
IRS990/USAddress/CityNm0ROCK HILL
IRS990/USAddress/StateAbbreviationCd0SC
IRS990/USAddress/ZIPCd0297311706
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt00
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MADDISON P WILKERSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY/TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum08033298775
ReturnHeader/BusinessOfficerGrp/SignatureDt02026-02-20
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0UNIVERSITY CENTER FACILITIES
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0CORPORATION III
ReturnHeader/Filer/BusinessNameControlTxt0UNIV
ReturnHeader/Filer/EIN0822905527
ReturnHeader/Filer/PhoneNum08033298775
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 11706
ReturnHeader/Filer/USAddress/CityNm0ROCK HILL
ReturnHeader/Filer/USAddress/StateAbbreviationCd0SC
ReturnHeader/Filer/USAddress/ZIPCd0297311706
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0570692602
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BURKETT BURKETT & BURKETT CPAS PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0128 E MAIN STREET SUITE 201
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ROCK HILL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0SC

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