Ulh Inc
- Assets
- $43.2m
- Revenue
- $8.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Louisville, KY
- Founding
- 07/2007
- Data as of
- 06/2018
- EIN
- 31-0926171
Organization Overview
Ulh Inc is located in Louisville, KY. The organization was established in 2007. According to its NTEE Classification (B80) the organization is classified as: Student Services, under the broad grouping of Education and related organizations. Ulh 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 06/2018, Ulh Inc generated $8.7m in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $7.8m during the year ending 06/2018. As we would expect to see with falling revenues, expenses have declined by 0.0% per year over the past 4 years. 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
2018
Describe the Organization's Mission:
Part 3 - Line 1
ULH, INC. LEASES LAND AND ISSUES REVENUE BONDS FOR STUDENT HOUSING PURPOSES (SEE SCHEDULE O) ULH, INC. RECEIVES, RETAINS AND DISPOSES OF REAL ESTATE, AND MANAGES AND OPERATES THE STUDENT HOUSING PROPERTIES IT OWNS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BETTIE JOHNSON HALL (FINANCED BY THE PROCEEDS OF SERIES 2010A BONDS) IS AN APARTMENT-STYLE RESIDENCE HALL ON LEASED PROPERTY LOCATED ON A ONE-HALF CITY BLOCK BOUNDED BY SOUTH FOURTH AND WEST CARDINAL BOULEVARD IN LOUISVILLE, KY.
COMMUNITY PARK IS A SUITE-STYLE FIRST-YEAR STUDENT RESIDENCE HALL ON LEASED PROPERTY LOCATED ON BELKNAP CAMPUS OF THE UNIVERSITY OF LOUISVILLE.
KURZ HALL (FINANCED BY THE PROCEEDS OF SERIES 2009A BONDS) IS A SUITE-STYLE RESIDENCE HALL ON LEASED PROPERTY LOCATED AT 1900 SOUTH FOURTH STREET IN LOUISVILLE, KY.
OPERATION OF DORM FACILITY AT BILLY MINARDI HALL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura Douglas Secretary | OfficerTrustee | 0.5 | $0 |
Earl Reed Chair | OfficerTrustee | 0.5 | $0 |
Ken Payne Vice Chair | OfficerTrustee | 0.5 | $0 |
Mark Lynn Vice Chair (previous) | OfficerTrustee | 0.5 | $0 |
Diane Medley Chair (previous) | OfficerTrustee | 0.5 | $0 |
Keith Sherman COO | Officer | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Corvus Janitorial Systems Janitorial Services | 6/29/18 | $107,159 |
Je Davis Construction Llc Construction Services | 6/29/18 | $157,382 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $129,927 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,714,119 |
| Statement of Expenses | |
|---|---|
| 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 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 | $0 |
| Fees for services: Legal | $2,915 |
| Fees for services: Accounting | $194,895 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,056,784 |
| Advertising and promotion | $7,420 |
| Office expenses | $172,030 |
| Information technology | $26,572 |
| Royalties | $0 |
| Occupancy | $2,809,315 |
| Travel | $1,069 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,179,331 |
| Payments to affiliates | $497,470 |
| Depreciation, depletion, and amortization | $1,525,962 |
| Insurance | $199,148 |
| All other expenses | $0 |
| Total functional expenses | $7,825,043 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,944,560 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $465,531 |
| 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 | $306,786 |
| Investments—publicly traded securities | $5,242,121 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $43,242,391 |
| Accounts payable and accrued expenses | $709,954 |
| Grants payable | $0 |
| Deferred revenue | $165,490 |
| Tax-exempt bond liabilities | $25,848,268 |
| 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 | $2,679,962 |
| Other liabilities | $12,761,628 |
| Total liabilities | $42,165,302 |
| Net assets without donor restrictions | $1,077,089 |
| 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 |
| Total liabilities and net assets/fund balances | $1,077,089 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Roadtrip Nation Ltd Indianapolis, IN | $0 | $5,778,608 |
Tennessee State Collaborative On Reforming Education Nashville, TN | $23,375,202 | $18,088,323 |
Ulh Inc Louisville, KY | $43,242,391 | $8,714,119 |
St Richards Episcopal School Inc Indianapolis, IN | $7,903,240 | $8,220,248 |
Cameron Foundation Petersburg, VA | $170,387,931 | $14,350,568 |
Green River Regional Education Cooperative Inc Bowling Green, KY | $8,161,400 | $7,463,495 |
Chicago Scholars Foundation Chicago, IL | $9,876,556 | $6,079,355 |
Ross-Ade Foundation West Lafayette, IN | $185,779,035 | $4,230,686 |
Little Buns Inc Carmel, IN | $470,846 | $4,308,621 |
Complete College America Inc Indianapolis, IN | $10,589,853 | $9,838,948 |
American Student Dental Association Chicago, IL | $5,865,827 | $3,123,417 |
Virginia Tech Services Inc Blacksburg, VA | $8,676,644 | $3,908,616 |