Student Housing Of America Inc
- Assets
- $18.9m
- Revenue
- $4.5m
- Investments
- $957.8k
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 10/1999
- Data as of
- 06/2022
- EIN
- 58-2472789
Organization Overview
Student Housing Of America Inc is located in Atlanta, GA. The organization was established in 1999. According to its NTEE Classification (L80) the organization is classified as: Housing Support, 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. Student Housing Of America 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, Student Housing Of America Inc generated $4.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $5.1m during the year ending 06/2022. While expenses have increased by 4.5% 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
DEVELOPMENT, OWNERSHIP & OPERATION OF STUDENT HOUSING PROJECTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
BATON ROUGE STUDENT HOUSING, L.L.C., A DISREGARDED ENTITY OWNED BY THE ORGANIZATION, OWNS AND OPERATES A STUDENT HOUSING FACILITY FOR STUDENTS OF SOUTHERN UNIVERSITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Samuel Wiggins Chairman | Officer | 12 | $10,000 |
Shaun Wiggins Treasurer | Officer | 6 | $10,000 |
Yolanda Martin Singleton Secretary | Officer | 2 | $10,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Asset Campus Usa Llc Management Services | 6/29/17 | $187,820 |
Airwave Networks Inc Communication Provider | 6/29/17 | $118,192 |
Asset Campus Usa Llc Management Services | 6/29/17 | $187,820 |
Airwave Networks Inc Communication Provider | 6/29/17 | $118,192 |
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 | $3,823,347 |
| Investment income | $12,411 |
| 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 | $4,459,972 |
| 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 | $351,304 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $45,919 |
| Payroll taxes | $39,878 |
| Fees for services: Management | $191,077 |
| Fees for services: Legal | $11,911 |
| Fees for services: Accounting | $2,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,111 |
| Advertising and promotion | $12,582 |
| Office expenses | $21,114 |
| Information technology | $178,451 |
| Royalties | $0 |
| Occupancy | $236,875 |
| Travel | $1,655 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,258 |
| Interest | $1,603,175 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,126,657 |
| Insurance | $154,770 |
| All other expenses | $9,485 |
| Total functional expenses | $5,104,350 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $439,893 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $251,149 |
| 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 | $106,523 |
| Net Land, buildings, and equipment | $16,213,064 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $957,837 |
| Investments—program-related | $0 |
| Intangible assets | $913,257 |
| Other assets | $6,045 |
| Total assets | $18,887,768 |
| Accounts payable and accrued expenses | $4,389,835 |
| Grants payable | $0 |
| Deferred revenue | $76,817 |
| Tax-exempt bond liabilities | $18,792,475 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $437,341 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $12,612,932 |
| Total liabilities | $36,309,400 |
| Net assets without donor restrictions | -$17,421,632 |
| 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 | $18,887,768 |