Ubf Faculty-Student Housing Corp
- Assets
- $134.9m
- Revenue
- $24.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Buffalo, NY
- Founding
- 10/1990
- Data as of
- 06/2022
- EIN
- 16-1372560
Organization Overview
Ubf Faculty-Student Housing Corp is located in Buffalo, NY. The organization was established in 1990. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ubf Faculty-Student Housing Corp 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 06/2022, Ubf Faculty-Student Housing Corp generated $24.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $20.7m during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION CONSTRUCTS AND OPERATES HOUSING FOR STUDENTS OF THE STATE UNIVERSITY OF NEW YORK AT BUFFALO. ADEQUATE, AFFORDABLE HOUSING IS A NECESSARY COMPONENT IN FULFILLING THE EDUCATIONAL PURPOSE OF THE UNIVERSITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven H Shepsman Director/chair | OfficerTrustee | 1 | $0 |
David Chiazza Director | Trustee | 1 | $0 |
Sheldon Berlow Director | Trustee | 1 | $0 |
Claudia D Fosket Director | Trustee | 1 | $0 |
Kathleen Grimm Director | Trustee | 1 | $0 |
Daniel M Hamister Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Charles Schwab & Co Inc Financial Services | 6/29/22 | $2,800,000 |
Lake Side Contracting Co Inc General Contractor | 6/29/22 | $738,123 |
Jos A Sanders & Sons Inc Roofing Contractor | 6/29/22 | $2,302,682 |
Rodriguez Construction Group Inc Contractor | 6/29/22 | $735,743 |
Wilmington Trust Investment Mgmt | 6/29/22 | $579,192 |
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 | $26,597,944 |
| Investment income | $41,612 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,662,553 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $24,171,252 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $740,000 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $5,366,891 |
| Fees for services: Legal | $1,613 |
| Fees for services: Accounting | $805 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $52,582 |
| Advertising and promotion | $0 |
| Office expenses | $23,347 |
| Information technology | $84,498 |
| Royalties | $0 |
| Occupancy | $7,809,792 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,029,918 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $20,670,232 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $41,982,513 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $624,966 |
| 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 | $424,282 |
| Net Land, buildings, and equipment | $91,824,248 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $134,856,009 |
| Accounts payable and accrued expenses | $3,195,207 |
| Grants payable | $731,791 |
| Deferred revenue | $350,775 |
| Tax-exempt bond liabilities | $102,824,905 |
| 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 | $3,442,201 |
| Total liabilities | $110,544,879 |
| Net assets without donor restrictions | $24,311,130 |
| 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 | $134,856,009 |