Sruf Campus Housing Inc
- Assets
- $97.5m
- Revenue
- $13.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Slippery Rock, PA
- Founding
- 04/2016
- Data as of
- 06/2022
- EIN
- 47-5280523
Organization Overview
Sruf Campus Housing Inc is located in Slippery Rock, PA. The organization was established in 2016. According to its NTEE Classification (B19) the organization is classified as: Support N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sruf Campus 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, Sruf Campus Housing Inc generated $13.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $12.4m during the year ending 06/2022. While expenses have increased by 9.4% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SRUF CAMPUS HOUSING INC. WAS ORGANIZED EXCLUSIVELY FOR EDUCATIONAL, COMMUNITY AND GENERAL CHARITABLE PURPOSES, INCLUDING SUCH PURPOSES AS TO PROVIDE ON-CAMPUS HOUSING AT SLIPPERY ROCK UNIVERSITY OF PENNSYLVANIA AND FOR MAKING CONTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE HOUSING FOR ENROLLED STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Cully Vice Chairman | OfficerTrustee | 1 | $0 |
William Sonntag Secretary | OfficerTrustee | 1 | $0 |
Edward Bucha Executive Director | OfficerTrustee | 2 | $0 |
Harry Bertrand Chairman | OfficerTrustee | 1 | $0 |
Michael Hufnagel Treasurer | OfficerTrustee | 1 | $0 |
Douglas Mcmullen Board Member | OfficerTrustee | 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 | $13,145,649 |
| Investment income | $16,470 |
| 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 | $13,162,119 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,000 |
| 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 | $1,350,835 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $459,003 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $90,176 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $51,744 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,345,601 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,967,349 |
| Insurance | $389,799 |
| All other expenses | $0 |
| Total functional expenses | $12,417,460 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,525,162 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,466 |
| 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 | $0 |
| Net Land, buildings, and equipment | $83,668,787 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $11,345,157 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $97,548,572 |
| Accounts payable and accrued expenses | $3,026,445 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $100,972,229 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $459,282 |
| Total liabilities | $104,457,956 |
| Net assets without donor restrictions | -$6,909,384 |
| 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 | $97,548,572 |
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|---|---|---|
Ccres Downingtown, PA | $11,140,030 | $33,857,794 |
Lincoln Learning Solutions Inc Rochester, PA | $70,095,014 | $24,122,252 |
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Naf New York, NY | $28,094,768 | $18,819,868 |
Zearn Inc New York, NY | $36,079,361 | $33,394,711 |
Sruf Campus Housing Inc Slippery Rock, PA | $97,548,572 | $13,162,119 |
Euclid Avenue Development Corporation Cleveland, OH | $92,407,891 | $9,458,468 |
United Community Schools Inc New York, NY | $17,599,679 | $9,226,471 |
College Achieve Public Charter Schools Inc Tinton Falls, NJ | $2,920,283 | $10,421,988 |
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Student Achievement Partners Inc New York, NY | $8,247,794 | $7,455,301 |
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