Civic Intelligence

University Center Facilities Corporation III

990 • Fiscal year 2022 • EIN 82-2905527

Jul 01, 2021 to Jun 30, 2022 • Filed on May 10, 2023

Organization Profile
PO Box 11706Rock Hill, SC 29731-1706

(803) 329-8764

Siviq Scores

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

Liabilities / Assets

96th percentile

1.11x

Higher debt load relative to assets than 96% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Liabilities / Revenue

98th percentile

21.21x

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

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Net Margin

6th percentile

-53%

Higher net margin than 6% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Top Officer Pay

76th percentile

$282,949

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 27.7% of source-year revenue.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Asset Growth

36th percentile

-3.6%

Faster asset growth than 36% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Revenue Growth

30th percentile

-6.7%

Faster revenue growth than 30% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets96th percentile

Assets

Down

$19,440,372

Down $720,014 (-3.6%) from 2021

Net Assets

Down

-$2,225,439

Down $540,014 (-32%) from 2021

Liabilities

Down

$21,665,811

Down $180,000 (-0.8%) from 2021

Revenue And Expenses
Liabilities / Revenue98th percentileNet Margin6th percentile

Revenue

Down

$1,021,300

Down $72,963 (-6.7%) from 2021

Expenses

Down

$1,561,314

Down $7,965 (-0.5%) from 2021

Net Income

Down

-$540,014

Down $64,998 (-14%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth36th percentile

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

$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

2022

Assets$19,440,372
Liabilities$21,665,811
Net Assets-$2,225,439
Open 2022 Filing

Operations Trend

Revenue Growth30th percentile

Revenue, expenses, and net income across loaded years, with this 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

2022

Revenue$1,021,300
Expenses$1,561,314
Net Income-$540,014
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 10, 2023
Return Version
2021v4.0
Gross Receipts
$1,021,300
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$20,160,385$19,440,372▼ $720,013
Cash and Non-Interest-Bearing Accounts$1--
Total Assets$20,160,386$19,440,372▼ $720,014
Liabilities
Tax Exempt Bond Liabilities$21,845,811$21,665,811▼ $180,000
Total Liabilities$21,845,811$21,665,811▼ $180,000
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-1,685,425$-2,225,439▼ $540,014
Total Net Assets Fund Balance$-1,685,425$-2,225,439▼ $540,014
Total Liabilities and Net Assets / Fund Balance$20,160,386$19,440,372▼ $720,014

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$19,440,372$2,160,041$21,600,413
Compensation and Service Providers
Top Officer Pay76th percentile

Employees

NameTitleOtherTotal
Steven GibsonVice Preside$267,783$267,783
Anne P HartySecretary/tr$196,272$196,272

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,021,300
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-540,014
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,561,314
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$841,301--$841,301
Depreciation Depletion$720,013--$720,013
Total Functional Expenses$1,561,314$0$0$1,561,314
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--$855,816

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
8033298764
Address
PO BOX 11706, ROCK HILL, SC 29731-1706

Signing Officer

Name
Anne P Harty
Title
Secretary/treasurer
Phone
8033298764
Signed
2023-05-10
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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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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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/IssuanceCostsFromProceedsAmt0855816
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 11506
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0ROCK HILL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0SC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd029731
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt021845811
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt021665811
IRS990/TaxExemptBondsInd0true
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt020160386
IRS990/TotalAssetsEOYAmt019440372
IRS990/TotalAssetsGrp/BOYAmt020160386
IRS990/TotalAssetsGrp/EOYAmt019440372
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01561314
IRS990/TotalFunctionalExpensesGrp/TotalAmt01561314
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt021845811
IRS990/TotalLiabilitiesEOYAmt021665811
IRS990/TotalLiabilitiesGrp/BOYAmt021845811
IRS990/TotalLiabilitiesGrp/EOYAmt021665811
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-1685425
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-2225439
IRS990/TotalOtherCompensationAmt0164653
IRS990/TotalProgramServiceExpensesAmt01561314
IRS990/TotalProgramServiceRevenueAmt01021300
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01021300
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01021300
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt020160386
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt019440372
IRS990/TotReportableCompRltdOrgAmt0582351
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/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ANNE P HARTY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY/TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum08033298764
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-05-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0UNIVERSITY CENTER FACILITIES
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0CORPORATION III
ReturnHeader/Filer/BusinessNameControlTxt0UNIV
ReturnHeader/Filer/EIN0822905527
ReturnHeader/Filer/PhoneNum08033298764
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 11706
ReturnHeader/Filer/USAddress/CityNm0ROCK HILL
ReturnHeader/Filer/USAddress/StateAbbreviationCd0SC
ReturnHeader/Filer/USAddress/ZIPCd0297311706
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
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0297304540
ReturnHeader/PreparerPersonGrp/PhoneNum08033251660
ReturnHeader/PreparerPersonGrp/PreparationDt02023-05-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KIM SMITH CPA
ReturnHeader/ReturnTs02023-05-12T15:40:09-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0ANNE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0HARTY
ReturnHeader/TaxPeriodBeginDt02021-07-01
ReturnHeader/TaxPeriodEndDt02022-06-30
ReturnHeader/TaxYr02021

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$19,440,372
Liabilities
$21,665,811
Net assets
-$2,225,439
Revenue
$1,021,300
Expenses
$1,561,314
Net income
-$540,014
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$17.3$18.4$1.12$1.73$1.46$0.27
2024Detailed filing. Detailed filing data is available for this year.$18.0$19.4$1.39$1.73$1.51$0.23
2023Detailed filing. Detailed filing data is available for this year.$18.7$20.3$1.62$2.16$1.55$0.61
2022Detailed filing. Detailed filing data is available for this year.$19.4$21.7$2.23$1.02$1.56$0.54
2021Detailed filing. Detailed filing data is available for this year.$20.2$21.8$1.69$1.09$1.57$0.48
2020Summary only. Only limited summary data is available for this year.$20.9$22.1$1.21$0.94$1.90$0.95
2019Summary only. Only limited summary data is available for this year.$25.6$25.8$0.26$0.25$0.07$0.19
2018Summary only. Only limited summary data is available for this year.$21.7$22.2$0.49$0.00$0.49$0.49