Student Lodging Inc
- Assets
- $34.6m
- Revenue
- $6.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Millersville, PA
- Founding
- 10/1983
- Data as of
- 06/2023
- EIN
- 23-2180252
Organization Overview
Student Lodging Inc is located in Millersville, PA. The organization was established in 1983. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Student Lodging 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 06/2023, Student Lodging Inc generated $6.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $7.1m during the year ending 06/2023. While expenses have increased by 3.0% per year over the past 8 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.
Since 2016, Student Lodging Inc has awarded 18 individual grants totaling $1,641,016. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE, OPERATE AND MAINTAIN FACILITIES TO HOUSE STUDENTS AND OTHER WORTHY PERSONS; TO ESTABLISH, PROVIDE, OPERATE AND MAINTAIN SUCH OTHER FACILITIES AND ACTIVITIES AS THE BOARD OF DIRECTORS AND THE CORPORATION DEEM DESIRABLE FOR STUDENT WELFARE; AND ENGAGING IN ANY OTHER ACTIVITIES OR ENTERPRISES WHICH THE BOARD OF DIRECTORS AND THE CORPORATION DEEM DESIRABLE FOR STUDENT WELFARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STUDENT LODGING, INC. OWNS AND MAINTAINS TWO RESIDENCE HALLS, APARTMENT COMPLEXES, AND OTHER RENTAL UNITS THAT PROVIDE HOUSING FOR WORTHY PERSONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Philip Loht Chairperson | OfficerTrustee | 0.1 | $0 |
Andrew Olenik Vice Chairperson (starting 3/23) | OfficerTrustee | 0.1 | $0 |
Sarah Dillon Treasurer | OfficerTrustee | 0.1 | $0 |
Geoffrey Beers Chief Executive Officer | OfficerTrustee | 17.5 | $0 |
Robert J Sempsey Chief Business Officer/secretary | OfficerTrustee | 17.5 | $0 |
Stephen Kepchar Director | Trustee | 0.1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Benchmark Construction Construction | 6/29/23 | $2,087,928 |
Student Services Inc Staffing Reimbursements | 6/29/23 | $819,651 |
Dawood Engineering Engineering | 6/29/23 | $314,428 |
Core Design Group Llc Construction Design | 6/29/23 | $221,650 |
Cbre Inc Lease Commission | 6/29/23 | $110,000 |
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 | $6,497,456 |
| Investment income | $36,113 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $833 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,632,321 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $92,950 |
| 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 | $1,031,403 |
| Fees for services: Legal | $63,402 |
| Fees for services: Accounting | $36,091 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $552,398 |
| Advertising and promotion | $0 |
| Office expenses | $34,016 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $985,188 |
| Travel | $5,672 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,085,555 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,724,643 |
| Insurance | $431,115 |
| All other expenses | $118,983 |
| Total functional expenses | $7,144,520 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $650 |
| Savings and temporary cash investments | $3,021,874 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $644,374 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $517,500 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $209,226 |
| Net Land, buildings, and equipment | $25,783,663 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,396,645 |
| Total assets | $34,573,932 |
| Accounts payable and accrued expenses | $1,419,870 |
| Grants payable | $0 |
| Deferred revenue | $179,957 |
| Tax-exempt bond liabilities | $25,829,651 |
| 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 | $911,549 |
| Total liabilities | $28,341,027 |
| Net assets without donor restrictions | $6,232,905 |
| 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 | $34,573,932 |
Grants Awarded
Over the last fiscal year, Student Lodging Inc has awarded $92,950 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MILLERSVILLE UNIVERSITY FOUNDATION PURPOSE: SPONSORSHIP/GENERAL PURPOSE | $25,000 |
MILLERSVILLE UNIVERSITY PURPOSE: GENERAL PURPOSE | $67,950 |