Appalachian Student Housing Corporation
- Assets
- $99.0m
- Revenue
- $6.5m
- Investments
- $0.0
- Employees
- 24
- Location
- Boone, NC
- Founding
- 07/2000
- Data as of
- 06/2022
- EIN
- 56-2161660
Organization Overview
Appalachian Student Housing Corporation is located in Boone, NC. The organization was established in 2000. According to its NTEE Classification (L40) the organization is classified as: Temporary Housing, under the broad grouping of Housing & Shelter and related organizations. As of 06/2022, Appalachian Student Housing Corporation employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Appalachian Student Housing Corporation 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, Appalachian Student Housing Corporation generated $6.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.1% each year .
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE AND SUPERVISE RESIDENTIAL HOUSING FACILITIES FOR A PORTION OF UNIVERSITY STUDENTS AND EMPLOYEES OF APPALACHIAN STATE UNIVERSITY IN BOONE, NORTH CAROLINA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED AND SUPERVISED RESIDENTIAL HOUSING FACILITIES TO A PORTION OF UNIVERSITY STUDENTS AND EMPLOYEES OF APPLACHIAN STATE UNIVERSITY IN BOONE, NORTH CAROLINA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew C Dull Secretary | OfficerTrustee | 7 | $0 |
James J Brown President | OfficerTrustee | 1 | $0 |
Sharon Bell Vice President | OfficerTrustee | 1 | $0 |
James M Barnes Director | Trustee | 1 | $0 |
Scott K Lampe Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rwm Construction & Restoration Services Painting And Renovation | 6/29/22 | $499,388 |
Redi Carpet Of Nc Llc Flooring Material/install | 6/29/22 | $148,794 |
Rise Boone Llc Construction | 6/29/22 | $37,408,247 |
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 | $6,434,597 |
| Investment income | $22,087 |
| 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 | $6,456,684 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,394,911 |
| 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 | $323,831 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $48,594 |
| Payroll taxes | $24,894 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $300 |
| Fees for services: Accounting | $22,550 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,288 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,152,859 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,514,240 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $591,437 |
| Insurance | $134,096 |
| All other expenses | $0 |
| Total functional expenses | $5,799,935 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,769,533 |
| Savings and temporary cash investments | $3,005,946 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,227 |
| 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 | $142,918 |
| Net Land, buildings, and equipment | $74,722,300 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $18,381,601 |
| Total assets | $99,024,525 |
| Accounts payable and accrued expenses | $2,433,733 |
| Grants payable | $0 |
| Deferred revenue | $56,085 |
| 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 | $72,800,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $226,470 |
| Total liabilities | $75,516,288 |
| Net assets without donor restrictions | $0 |
| 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 | $99,024,525 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Georgia Southern University Housing Foundation Inc Statesboro, GA | $249,175,255 | $10,373,698 |
Appalachian Student Housing Corporation Boone, NC | $99,024,525 | $6,456,684 |
Bloom Our Youth Inc Fayetteville, GA | $3,984,539 | $4,314,160 |
Serenity Pointe Inc Dunlap, TN | $2,490,170 | $4,102,577 |
Greenpointe Regional Housing Inc Dunn, NC | $10,308,542 | $2,284,690 |
Open Table Of Nashville Inc Nashville, TN | $444,222 | $1,157,501 |
Rainbow Village Inc Duluth, GA | $9,090,525 | $2,152,472 |
Veterans Life Center Raleigh, NC | $1,727,706 | $1,329,274 |
Homeless No More Inc Columbia, SC | $6,056,633 | $1,621,915 |
True Purpose Ministries Maryville, TN | $2,038,433 | $1,219,633 |
Biblical Concepts Group Home Gallatin, TN | $711,318 | $1,118,514 |
Fayetteville State University Student Housing Corporation Fayetteville, NC | $19,255,663 | $717,505 |