University Of North Carolina At Charlotte Facilities Development C
- Assets
- $40.5k
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Charlotte, NC
- Founding
- 11/2005
- Data as of
- 06/2021
- EIN
- 51-0537391
Organization Overview
University Of North Carolina At Charlotte Facilities Development C is located in Charlotte, NC. The organization was established in 2005. According to its NTEE Classification (L40) the organization is classified as: Temporary Housing, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Of North Carolina At Charlotte Facilities Development C 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 06/2021, University Of North Carolina At Charlotte Facilities Development C generated $1.0m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $637.6k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (4.3%) per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE FOR WHICH THIS CORPORATION IS FORMED SHALL BE TO ENHANCE THE EDUCATIONAL MISSION OF THE UNIVERISTY OF NORTH CAROLINA AT CHARLOTTE (UNCC) INCLUDING, WITHOUT LIMITATION, ASSISTING WITH THE ACQUISITION AND FINANCING OF CAPITAL ASSETS FOR UNCC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
UNC CHARLOTTE FACILITIES DEVELOPMENT CORPORATION WAS FORMED TO FINANCE AND CONSTRUCT STUDENT HOUSING PROJECTS ON THE UNC CHARLOTTE CAMPUS. CURRENT EXPENSES REFLECT DEPRECIATION, INTEREST ON DEBT, OTHER OPERATING, AMORTIZED BOND INSURANCE COSTS, AND PROPERTY INSURANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey Jensen Secretary | OfficerTrustee | 1 | $0 |
Mary Ann Rouse President | OfficerTrustee | 1 | $0 |
Elizabeth A Hardin Treasurer | OfficerTrustee | 1 | $0 |
Kevin Bailey Board Member | Trustee | 1 | $0 |
Charles Lynch Board Member | Trustee | 1 | $0 |
Harry J Stathopoulos Board Member | Trustee | 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 | $1,006,600 |
| Investment income | $1,082 |
| 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 | $1,007,682 |
| 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 | $796 |
| Fees for services: Accounting | $10,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $745 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $313,019 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $217,765 |
| Insurance | $94,721 |
| All other expenses | $0 |
| Total functional expenses | $637,646 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $25,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $15,457 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $40,457 |
| Accounts payable and accrued expenses | $740 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $740 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $39,717 |
| Total liabilities and net assets/fund balances | $40,457 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that University Of North Carolina At Charlotte Facilities Development C has recieved totaling $32.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $32 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Georgia Southern University Housing Foundation Inc Statesboro, GA | $249,175,255 | $10,373,698 |
Appalachian Student Housing Corporation Boone, NC | $99,024,525 | $6,456,684 |
Bloom Our Youth Inc Fayetteville, GA | $3,984,539 | $4,314,160 |
Serenity Pointe Inc Dunlap, TN | $2,490,170 | $4,102,577 |
Greenpointe Regional Housing Inc Dunn, NC | $10,308,542 | $2,284,690 |
Open Table Of Nashville Inc Nashville, TN | $444,222 | $1,157,501 |
Rainbow Village Inc Duluth, GA | $9,090,525 | $2,152,472 |
Veterans Life Center Raleigh, NC | $1,727,706 | $1,329,274 |
Homeless No More Inc Columbia, SC | $6,056,633 | $1,621,915 |
True Purpose Ministries Maryville, TN | $2,038,433 | $1,219,633 |
Biblical Concepts Group Home Gallatin, TN | $711,318 | $1,118,514 |
Fayetteville State University Student Housing Corporation Fayetteville, NC | $19,255,663 | $717,505 |