Collegiate Housing Foundation
- Assets
- $2.8b
- Revenue
- $192.8m
- Investments
- $422.5m
- Employees
- 5
- Location
- Fairhope, AL
- Founding
- 09/1997
- Data as of
- 06/2020
- EIN
- 63-1173425
Organization Overview
Collegiate Housing Foundation is located in Fairhope, AL. The organization was established in 1997. 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 06/2021, Collegiate Housing Foundation employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Collegiate Housing Foundation 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 06/2020, Collegiate Housing Foundation generated $192.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $215.6m during the year ending 06/2020. While expenses have increased by 3.9% per year over the past 6 years. They've been increasing with an increasing level of total revenue. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
(A)THE ORGANIZATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE, RELIGIOUS, AND EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE U.S. INTERNAL REVENUE CODE OF 1986 INCLUDING FOR SUCH PURPOSES:(1)ASSISTING EACH OF ITS MEMBERS TO PROVIDE HOUSING FOR ITS ENROLLED STUDENTS; AND (2)OTHERWISE ASSISTING EACH OF ITS MEMBERS TO FURTHER THEIR EDUCATIONAL MISSIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE 6,604 BED STUDENT HOUSING FACILITY IN IRVINE,CA FOR UNIVERSITY OF CALIFORNIA IRVINE
PROVIDE 3,290 BED STUDENT HOUSING FACILITY IN DAVIS, CA FOR UNIVERSITY OF CALIFORNIA DAVIS
PROVIDE 1,248 BED STUDENT HOUSING FACILITY IN DEKALB, IL FOR NORTHERN ILLINOIS UNIVERSITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William B Givhan Coo/president | OfficerTrustee | 40 | $617,100 |
Brian M Blakeney Chief Financial Officer | Officer | 40 | $400,000 |
Lyn R Cone VP For Compliance | Officer | 40 | $215,750 |
Janet Brown VP For Admin/asst Secretary | Officer | 40 | $215,750 |
Selina Simpson VP Of Insurance & Risk Management | 40 | $162,610 | |
Leeman H Covey Secretary | OfficerTrustee | 1.5 | $25,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Balfour Beatty Construction Llc Construction | 6/29/21 | $62,302,645 |
Benchmark Contractors Construction | 6/29/21 | $136,800,576 |
Davis Brothers Construction Construction | 6/29/21 | $11,719,356 |
Cbg Building Company Llc Construction | 6/29/21 | $229,513,604 |
Acc Services Inc Construction | 6/29/21 | $11,829,017 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $1,384,329 |
| Tax Exempt Bond Proceeds | $1,787,865 |
| Royalties | $0 |
| Net Rental Income | $42,753 |
| Net Gain/Loss on Asset Sales | -$79,973 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $192,768,638 |
| 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. | $1,882,350 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $77,199 |
| Fees for services: Management | $22,047,150 |
| Fees for services: Legal | $388,269 |
| Fees for services: Accounting | $834,757 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $249,845 |
| Fees for services: Other | $562,997 |
| Advertising and promotion | $570,163 |
| Office expenses | $1,509,443 |
| Information technology | $5,990 |
| Royalties | $0 |
| Occupancy | $51,017,472 |
| Travel | $282,710 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $71,799,554 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $55,178,321 |
| Insurance | $4,389,565 |
| All other expenses | $0 |
| Total functional expenses | $215,604,693 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,876,928 |
| Savings and temporary cash investments | $308,740,100 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,580,842 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $48,736,834 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $7,541,236 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $422,540,371 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $780,160,745 |
| Total assets | $2,794,520,597 |
| Accounts payable and accrued expenses | $154,923,918 |
| Grants payable | $0 |
| Deferred revenue | $4,773,527 |
| Tax-exempt bond liabilities | $2,653,554,078 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $52,371,288 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $117,417,894 |
| Total liabilities | $2,983,040,705 |
| 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 |
| Total liabilities and net assets/fund balances | -$188,520,108 |
Grants Awarded
Over the last fiscal year, Collegiate Housing Foundation has awarded $53,025 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Irvine, CA PURPOSE: CONTRIBUTION TO MEMBER | $26,025 |
TEXAS A&M UNIVERSITY SYSTEM PURPOSE: CONTRIBUTION TO MEMBER | $19,050 |
NORTHERN ILLINOIS UNIVERSITY PURPOSE: CONTRIBUTION TO MEMBER | $7,950 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Collegiate Housing Foundation Fairhope, AL | $2,794,520,597 | $192,768,638 |
Georgia Southern University Housing Foundation Inc Statesboro, GA | $249,175,255 | $10,373,698 |
Bloom Our Youth Inc Fayetteville, GA | $3,984,539 | $4,314,160 |
Serenity Pointe Inc Dunlap, TN | $2,490,170 | $4,102,577 |
Transition House Of Washington Inc Saint Cloud, FL | $1,607,581 | $3,946,761 |
Crossing The Jordan Foundation Inc Weston, FL | $358,334 | $2,743,535 |
Open Table Of Nashville Inc Nashville, TN | $444,222 | $1,157,501 |
Rainbow Village Inc Duluth, GA | $9,090,525 | $2,152,472 |
The Wellhouse Odenville, AL | $7,523,032 | $3,587,896 |
Brevard Rescue Mission Inc Melbourne, FL | $6,793,930 | $3,069,601 |
True Purpose Ministries Maryville, TN | $2,038,433 | $1,219,633 |
Housing First Steps Forward Inc Tampa, FL | $8,179,447 | $2,637,616 |