Appalachian Student Housing Corporation
- Assets
- $93.5m
- Revenue
- $8.8m
- Investments
- $0.0
- Employees
- 23
- Location
- Boone, NC
- Founding
- 07/2000
- Data as of
- 06/2023
- EIN
- 56-2161660
Organization Overview
Appalachian Student Housing Corporation is located in Boone, NC. The organization was established in 2000. According to its NTEE Classification (L40) the organization is classified as: Temporary Housing, under the broad grouping of Housing & Shelter and related organizations. As of 06/2023, Appalachian Student Housing Corporation employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Appalachian Student Housing Corporation 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, Appalachian Student Housing Corporation generated $8.8m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 20.3% each year .
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE AND SUPERVISE RESIDENTIAL HOUSING FACILITIES FOR A PORTION OF UNIVERSITY STUDENTS AND EMPLOYEES OF APPALACHIAN STATE UNIVERSITY IN BOONE, NORTH CAROLINA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED AND SUPERVISED RESIDENTIAL HOUSING FACILITIES TO A PORTION OF UNIVERSITY STUDENTS AND EMPLOYEES OF APPLACHIAN STATE UNIVERSITY IN BOONE, NORTH CAROLINA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James J Brown President | OfficerTrustee | 1 | $0 |
David T Jamison Director | Trustee | 1 | $0 |
Matthew C Dull Secretary | OfficerTrustee | 7 | $0 |
Scott K Lampe Director | Trustee | 1 | $0 |
James M Barnes Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Data Network Solutions Inc It Services | 6/29/23 | $470,877 |
Rwm Construction & Restoration Services Painting And Renovation | 6/29/23 | $311,464 |
Redi Carpet Of Nc Llc Flooring Material/install | 6/29/23 | $143,183 |
Student Housing Services Llc Management And It Services | 6/29/23 | $107,072 |
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 | $8,652,961 |
| Investment income | $221,491 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$40,353 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,834,099 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,000,000 |
| 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 | $333,766 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $51,860 |
| Payroll taxes | $25,659 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,463 |
| Fees for services: Accounting | $20,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,217 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,137,964 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,501,588 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,174,860 |
| Insurance | $288,906 |
| All other expenses | $0 |
| Total functional expenses | $10,440,577 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,551,989 |
| Savings and temporary cash investments | $3,086,748 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,644 |
| 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 | $168,932 |
| Net Land, buildings, and equipment | $85,158,895 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,518,448 |
| Total assets | $93,486,656 |
| Accounts payable and accrued expenses | $277,951 |
| Grants payable | $0 |
| Deferred revenue | $40,745 |
| 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 | $70,950,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $221,495 |
| Total liabilities | $71,490,191 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $93,486,656 |