Mason Housing Inc
- Assets
- $1.4m
- Revenue
- $24.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Fairfax, VA
- Founding
- 02/2008
- Data as of
- 03/2024
- EIN
- 11-3819953
Organization Overview
Mason Housing Inc is located in Fairfax, VA. The organization was established in 2008. According to its NTEE Classification (L99) the organization is classified as: Housing & Shelter N.E.C., under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mason Housing Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 03/2024, Mason Housing Inc generated $24.5m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 23.7% each year . All expenses for the organization totaled $1.8m during the year ending 03/2024. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
MASON HOUSING PROVIDES AFFORDABLE MULTI-FAMILY HOUSING FOR GEORGE MASON UNIVERSITY'S FACULTY, STAFF, GRADUATE STUDENTS AND AFFILIATES, FAIRFAX COUNTY AND CITY EMPLOYEES, AND ACTIVE MEMBERS OF US MILITARY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LEASING OF RENTAL UNITS TO GMU FACULTY, STAFF, GRADUATE STUDENTS AND AFFILIATES, FAIRFAX COUNTY AND CITY EMPLOYEES AND ACTIVE MEMBERS OF US MILITARY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Kyle Chairman/president | OfficerTrustee | 1 | $0 |
Jon Peterson Vice-Chairman/secretary | OfficerTrustee | 1 | $0 |
Kathleen Mckay Treasurer | OfficerTrustee | 1 | $0 |
Kenneth Ball Director | Trustee | 1 | $0 |
Laurence Bray Director (end 7/31/23) | Trustee | 1 | $0 |
Thomas Calhoun Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,134,997 |
| Investment income | $111,481 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $23,238,419 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $24,484,897 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $56,184 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $27,860 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $93,327 |
| Advertising and promotion | $4,454 |
| Office expenses | $9,115 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $9,781 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,277,321 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $266,832 |
| Insurance | $16,332 |
| All other expenses | $34,694 |
| Total functional expenses | $1,795,900 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $124,722 |
| Savings and temporary cash investments | $1,227,726 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,352,448 |
| Accounts payable and accrued expenses | $22,953 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $22,953 |
| Net assets without donor restrictions | $1,329,495 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,352,448 |