University Facilities Inc
- Assets
- $142.0m
- Revenue
- $18.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Hammond, LA
- Founding
- 03/1999
- Data as of
- 06/2022
- EIN
- 72-1417328
Organization Overview
University Facilities Inc is located in Hammond, LA. The organization was established in 1999. 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 Facilities 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, University Facilities Inc generated $18.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $17.8m during the year ending 06/2022. While expenses have increased by 4.2% 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
THE CORPORATION WAS FORMED TO PROMOTE, ASSIST AND BENEFIT THE MISSION OF SOUTHEASTERN LOUISIANA UNIVERSITY (SLU) THROUGH THE ACQUISITION, CONSTRUCTION, DEVELOPMENT, MANAGEMENT, AND LEASING OF STUDENT HOUSING OR OTHER FACILITIES ON THE CAMPUS OF SLU. THIS ACTIVITY BEGAN IN 1998 THROUGH THE ISSUANCE OF TAX EXEMPT BONDS. THE ACTIVITY WAS CONDUCTED ON THE MAIN CAMPUS OF SLU IN HAMMOND, LA AND WAS PRIMARILY CONDUCTED BY OFFICIALS WHICH WERE ALSO EMPLOYEES OF THE UNIVERSITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDER OF STUDENT HOUSING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mr Eric Summers Board Member | OfficerTrustee | 1.5 | $0 |
Mr Marcus Naquin Chairman | Officer | 1.5 | $0 |
Mr John Paul Domiano Secretary/treasurer | Officer | 5 | $0 |
Mrs Peggy Hoover Vice Chairman | Officer | 1.5 | $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 | $18,089,973 |
| Investment income | $20,339 |
| 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 | $18,110,312 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,024,655 |
| 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 | $1,216,333 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $894,286 |
| Payroll taxes | $364,197 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $62,913 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $12,000 |
| Fees for services: Other | $20,165 |
| Advertising and promotion | $0 |
| Office expenses | $1,579,973 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $8,602 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,316,725 |
| Insurance | $567,246 |
| All other expenses | $1,947,955 |
| Total functional expenses | $17,845,965 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $195,940 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,334,785 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $84,966 |
| Prepaid expenses and deferred charges | $71,202 |
| Net Land, buildings, and equipment | $111,025,261 |
| Investments—publicly traded securities | $25,728,270 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $2,438,997 |
| Other assets | $125,058 |
| Total assets | $142,004,479 |
| Accounts payable and accrued expenses | $523,850 |
| Grants payable | $0 |
| Deferred revenue | $88,280 |
| Tax-exempt bond liabilities | $93,372,365 |
| 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 | $1,562,905 |
| Total liabilities | $95,547,400 |
| Net assets without donor restrictions | $46,457,079 |
| 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 | $142,004,479 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ragin Cajun Facilities Inc Lafayette, LA | $263,550,740 | $22,159,335 |
University Facilities Inc Hammond, LA | $142,004,479 | $18,110,312 |
The Macguire Center El Paso, TX | $178,858 | $665,370 |
Projecthandup Grapevine, TX | $51,069,660 | $5,731,956 |
Boles Childrens Home Inc Quinlan, TX | $12,043,794 | $1,742,939 |
Temenos Community Development Corpo Ration Houston, TX | $5,605,357 | -$300,037 |
Empower 225 Baton Rouge, LA | $1,080,614 | $2,677,785 |
Reynolds House Non-Profit Corporation El Paso, TX | $703,756 | $1,361,764 |
Reflection Ministries Of Texas Inc Midland, TX | $2,559,712 | $2,275,639 |
Covenant Recovery Inc Pine Bluff, AR | $956,380 | $1,711,087 |
New Orleans Women & Childrens Shelter Inc New Orleans, LA | $1,027,149 | $1,948,703 |
Inter-Cooperative Council At University Of Texas Inc Austin, TX | $6,304,599 | $1,430,552 |