Sruf Campus Housing Inc
- Assets
- $96.2m
- Revenue
- $16.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Slippery Rock, PA
- Founding
- 04/2016
- Data as of
- 06/2024
- 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 06/2024, Sruf Campus Housing Inc generated $16.3m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 8.3% each year. All expenses for the organization totaled $14.6m during the year ending 06/2024. While expenses have increased by 9.2% per year over the past 9 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
2024
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 |
|---|---|---|---|
Richard Harper Vice Chairman (as Of 10/23) | OfficerTrustee | 1 | $0 |
Terry Shulsky Treasurer (as Of 10/23) | OfficerTrustee | 1 | $0 |
Harry Bertrand Chairman (thru 10/23) | OfficerTrustee | 1 | $0 |
Douglas Mcmullen Vice Chairman (thru 10/23) | OfficerTrustee | 1 | $0 |
Mark Palmer Chairman (as Of 10/23) | OfficerTrustee | 1 | $0 |
Julie Prebula 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 | $15,603,573 |
| Investment income | $484,339 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $235,477 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,323,389 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $705,000 |
| 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 | $1,408,862 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $544,238 |
| 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 | $56,732 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $271,074 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,260,325 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,650,039 |
| Insurance | $395,461 |
| All other expenses | $0 |
| Total functional expenses | $14,584,484 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,998,675 |
| Savings and temporary cash investments | $2,978,366 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,975 |
| 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 | $76,325,164 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $14,049,391 |
| Intangible assets | $0 |
| Other assets | $881,453 |
| Total assets | $96,236,024 |
| Accounts payable and accrued expenses | $134,418 |
| 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 | $97,690,675 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,184,410 |
| Total liabilities | $100,009,503 |
| Net assets without donor restrictions | -$3,773,479 |
| 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 | $96,236,024 |