Stonehaven Student Housing Inc
- Assets
- $14.4m
- Revenue
- $4.2m
- Investments
- $0.0
- Employees
- 0
- Location
- San Rafael, CA
- Founding
- 01/2002
- Data as of
- 06/2022
- EIN
- 31-1789655
Organization Overview
Stonehaven Student Housing Inc is located in San Rafael, CA. The organization was established in 2002. 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. Stonehaven Student 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 06/2022, Stonehaven Student Housing Inc generated $4.2m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $3.4m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (4.7%) per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ACQUIRE, OWN AND OPERATE A STUDENT HOUSING FACILITY LOCATED ON THE RIVERSIDE CAMPUS OF THE UNIVERSITY OF CALIFORNIA FOR THE BENEFIT OF THE STUDENTS OF THE UNIVERSITY OF CALIFORNIA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CORPORATION OPERATES A 200-UNIT APARTMENT COMPLEX FOR STUDENTS, FACULTY, AND STAFF ON THE CAMPUS OF THE UNIVERSITY OF CALIFORNIA AT RIVERSIDE, WHICH IS REGULATED UNDER TERMS OF A BOND LOAN AGREEMENT WITH THE CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY AND A GROUND LEASE WITH THE REGENTS OF THE UNIVERSITY OF CALIFORNIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura Hall Secretary | OfficerTrustee | 0.1 | $0 |
Welton Jordan Vice President | OfficerTrustee | 0.1 | $0 |
Cathy Macy President | OfficerTrustee | 0.1 | $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 | $4,180,061 |
| Investment income | $0 |
| 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 | $4,180,061 |
| 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 | $329,897 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $40,080 |
| Payroll taxes | $18,935 |
| Fees for services: Management | $160,957 |
| Fees for services: Legal | $574 |
| Fees for services: Accounting | $7,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $81,888 |
| Advertising and promotion | $2,941 |
| Office expenses | $181,403 |
| Information technology | $28,988 |
| Royalties | $0 |
| Occupancy | $1,601,563 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,173 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $800,213 |
| Insurance | $4,608 |
| All other expenses | $0 |
| Total functional expenses | $3,361,695 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $160,507 |
| Savings and temporary cash investments | $3,648,286 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $28,767 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,000,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,181 |
| Net Land, buildings, and equipment | $9,537,057 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $14,376,798 |
| Accounts payable and accrued expenses | $455,804 |
| Grants payable | $0 |
| Deferred revenue | $17,287 |
| Tax-exempt bond liabilities | $14,152,215 |
| 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 | $321,956 |
| Total liabilities | $14,947,262 |
| Net assets without donor restrictions | -$570,464 |
| 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 | $14,376,798 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Merritt Island Rhf Housing Inc Long Beach, CA | $16,525,724 | $11,657,379 |
Bay Area Community Services Housing Corporation Oakland, CA | $32,429,080 | $14,277,346 |
Bonita House Inc Oakland, CA | $9,249,127 | $8,199,121 |
Bethel Lutheran Home Inc Selma, CA | $6,053,486 | $7,514,806 |
Childrens Receiving Home Of Sacramento Sacramento, CA | $10,913,892 | $5,213,560 |
Lunalilo Home Honolulu, HI | $16,842,204 | $3,576,516 |
Next Step Strategies Inc Clackamas, OR | $107,122 | $4,007,465 |
Serra Residential Center Union City, CA | $6,900,354 | $5,886,355 |
Mid-Peninsula Baker Park Inc Foster City, CA | $11,504,920 | $3,244,153 |
Merritt Community Capital Corp Oakland, CA | $34,382,493 | $8,692,204 |
Stonehaven Student Housing Inc San Rafael, CA | $14,376,798 | $4,180,061 |
Ka Mana O Na Helu Pearl City, HI | $1,824,301 | $3,671,732 |