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 3 years, revenues have fallen by an average of (0.7%) 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 3 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.
OPERATION OF DORM FACILITY AT BILLY MINARDI HALL.
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ron Abrams Director | Trustee | 0.5 | $0 |
Will Armstrong Director | Trustee | 0.5 | $0 |
Neeli Bendapudi Director | Trustee | 0.5 | $0 |
Jim Boone Director | Trustee | 0.5 | $0 |
Michael Bowers Director | Trustee | 0.5 | $0 |
Paul Carrico Director | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Je Davis Construction Llc Construction Services | 6/29/18 | $157,382 |
Corvus Janitorial Systems Janitorial Services | 6/29/18 | $107,159 |
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 | $8,584,192 |
| 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 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 | $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 |
| Net Land, buildings, and equipment | $33,283,393 |
| 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 |
| Unrestricted restricted net Assets | $1,077,089 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $1,077,089 |