College Houses is located in Austin, TX. The organization was established in 1972. According to its NTEE Classification (B80) the organization is classified as: Student Services, under the broad grouping of Education and related organizations. As of 05/2022, College Houses employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. College Houses 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 05/2020, College Houses generated $3.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.0% each year. All expenses for the organization totaled $4.1m during the year ending 05/2020. While expenses have increased by 0.9% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO MAINTAIN AN ENVIRONMENT AND ACTIVITIES CONDUCIVE TO FORMAL AND INFORMAL EDUCATION, WHERE SELF-DISCOVERY AND EXPOSURE TO VARIOUS VALUE SYSTEMS, ACADEMIC LEARNING, AND EXPERIENCE WITH MANAGEMENT AND FOOD OPERATIONS PROVIDE OPPORTUNITY FOR EDUCATIONAL AND PERSONAL GROWTH; OPERATE BY THE COOPERATIVE METHOD OF ORGANIZATION; APPLYING DEMOCRATIC PRINCIPLES TO ECONOMIC AND POLITICAL ACTIVITY AND REAPING THE BENEFITS OF SELF-CONTROL, SHARED COST, AND RESPECT FOR THE RIGHTS OF OTHERS; MAINTAIN SOUND PHYSICAL AND FINANCIAL STRUCTURES TO PERPETUATE THE ORGANIZATION; PROVIDE HOUSING TO STUDENTS; SHARE RESPONSIBILITY FOR MANAGING THE HOUSING BETWEEN MEMBERS AND STAFF.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLEGE HOUSES SUPPORTS ACCESS TO HIGHER EDUCATION FOR AUSTIN STUDENTS BY PROVIDING AFFORDABLE HOUSING, MEALS, AND OTHER EDUCATIONAL SERVICES, SUCH AS FREE ACCESS TO COMPUTERS AND PRINTERS, AND A DIVERSE ARRAY OF EDUCATIONAL PROGRAMS AND EVENTS. COLLEGE HOUSES PROVIDES ITS MEMBERS WITH UNIQUE OPPORTUNITIES TO DEVELOP SOCIALLY AND BECOME LEADERS IN THE AUSTIN COMMUNITY THROUGH PARTNERSHIPS WITH LOCAL NONPROFITS AND COOPERATIVE ORGANIZATIONS. ACHIEVING THIS LEVEL OF SERVICE WHILE REMAINING AFFORDABLE IS POSSIBLE THROUGH OUR DISTINCTIVE COOPERATIVE MODEL, WHICH LEVERAGES THE POWER OF COLLECTIVE BUYING AND FOUR HOURS PER WEEK OF MEMBER WORK EQUITY TO REDUCE COSTS. FOR OUR STUDENT MEMBERS, THE CO-OPS ARE A COMMUNITY OF FRIENDS, A PLACE WHERE HOUSING IS FAIR AND DEMOCRATIC, A PLACE TO LEARN AND GROW, AND A SUPPORTIVE HOME AWAY FROM HOME.THROUGHOUT OVER FIVE DECADES OF SERVICE, WE HAVE STRIVEN TO ACCOMPLISH THE GOAL ARTICULATED BY OUR MISSION STATEMENT: "TO SERVE AS A TRANSFORMATIVE EDUCATIONAL AND LIVING ENVIRONMENT THAT PROMOTES PERSONAL GROWTH AND WELL-BEING. TO PROVIDE AFFORDABLE STUDENT HOUSING THAT FOSTERS THE IDEALS OF COOPERATION, COMMUNITY, AND ECONOMIC INDEPENDENCE."THE ORIGINAL COLLEGE HOUSE WAS FORMED IN 1964 AS A STUDENT GOVERNMENT PROJECT, WITH HELP FROM A $5,000 SUSTAINING GRANT BY THE HOGG FOUNDATION. THE VISION BEHIND THE PROJECT WAS TO CREATE A HOUSING FACILITY FOR UNIVERSITY OF TEXAS (UT) STUDENTS THAT WAS AS VIBRANT AND STIMULATING AS THE DORMS OF A SMALL RESIDENTIAL COLLEGE. IN 1973, A HUD LOAN ALLOWED THE COLLEGE HOUSE TO PURCHASE ITS FIRST TWO BUILDINGS, AND THE INDEPENDENTLY REINCORPORATED "COLLEGE HOUSES" BEGAN USING A COOPERATIVE MODEL, WHICH CONTROLLED COSTS AND GAVE HOUSE MEMBERS DEMOCRATIC CONTROL OVER THEIR LIVING ENVIRONMENT. SINCE THEN, COLLEGE HOUSES HAS GROWN TREMENDOUSLY, SURVIVED AUSTIN'S VOLATILE REAL ESTATE MARKET, AND NOW OWNS AND OPERATES FIVE BUILDINGS OF 100% AFFORDABLE HOUSING UNITS NEAR THE UT CAMPUS.EACH SEMESTER, COLLEGE HOUSES PROVIDES HOUSING TO OVER 500 STUDENTS WHO ATTEND THE UNIVERSITY OF TEXAS AT AUSTIN, AUSTIN COMMUNITY COLLEGE, AND OTHER AREA SCHOOLS. ALL OF OUR HOUSING IS AFFORDABLE BELOW 50% MFI, WITH SOME DOUBLE-OCCUPANCY ROOMS AFFORDABLE BELOW 30% MFI. ACCORDING TO DATA FROM THE CITY OF AUSTIN, WE ARE ONE OF THE LARGEST PROVIDERS OF AFFORDABLE HOUSING IN THE UNIVERSITY OF TEXAS AREA. AS A COMMUNITY ORGANIZATION, COLLEGE HOUSES STRIVES TO ENCOURAGE DIVERSITY IN ITS MEMBERSHIP, AND TO PROVIDE ITS SERVICES TO THE STUDENTS WHO NEED THEM MOST.COLLEGE HOUSES CO-OPS ARE MORE THAN AN AFFORDABLE PLACE TO LIVE, EAT AND STUDY - OUR HOUSES ARE EDUCATIONAL COMMUNITIES. WE PROVIDE A PLETHORA OF BOTH FORMAL AND INFORMAL OPPORTUNITIES FOR MEMBERS TO HONE THEIR SKILLS AND BROADEN THEIR EXPERIENCE. FOR EXAMPLE, SOME MEMBERS MAY START OFF ON A TEAM THAT COOKS HOUSE MEALS, AND PROGRESS TO THE ROLE OF HEAD COOK, WHERE THEY WILL MANAGE PEERS IN ONE OF OUR COMMERCIAL KITCHENS. FROM THERE THEY MIGHT RUN FOR ELECTION TO SERVE AS THEIR HOUSE KITCHEN MANAGER OR FOOD BUYER, WHERE THEY WILL MASTER PLANNING, FINANCIAL, AND LEADERSHIP SKILLS WITH HELP FROM STAFF. ANOTHER MEMBER MAY GET ESPECIALLY INTERESTED IN HOUSE MEETINGS AND BECOME A MEETING CHAIR, WHERE THEY WILL LEARN PROCEDURES AND TECHNIQUES THAT WILL ALLOW THEM TO LEAD OTHERS TO MAKE COLLECTIVE DECISIONS. THERE ARE MANY WAYS STUDENTS CAN LEARN AND GROW IN OUR CO-OP COMMUNITIES, AND WE FREQUENTLY HEAR FEEDBACK THAT MEMBERS GAIN SKILLS IN THE CO-OPS THAT SET THEM APART IN THEIR FUTURE CAREERS.COLLEGE HOUSES IS COMMITTED TO BUILDING ON OUR STRONG FOUNDATIONS AND LONG HISTORY IN ORDER TO EXPAND AND IMPROVE OUR SERVICES. AS AUSTIN CONTINUES TO BECOME A MORE POPULOUS AND EXPENSIVE CITY, IT'S MORE IMPORTANT THAN EVER TO PRESERVE AND EXPAND OUR AFFORDABLE HOUSING, INNOVATE NEW PROGRAMS, AND WORK WITH PARTNER ORGANIZATIONS TO ACHIEVE OUR VISION FOR A BETTER COMMUNITY.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Kimberly Garmany Executive Director (thru Jan) | Officer | 40 | $95,175 |
Ryan Crowley Director (thru Summer 2021) | Trustee | 3 | $7,948 |
Patrick Vincent Mao Chair | OfficerTrustee | 3 | $0 |
Rachel Barrera Treasurer | OfficerTrustee | 3 | $0 |
Susana Judith Lugo Treasurer (thru Summer 2021) | OfficerTrustee | 3 | $0 |
Aaron Phillip Scherz Secretary | OfficerTrustee | 3 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
The Brandt Companies Llc Boiler Repair & Replacement | 5/30/18 | $135,447 |
Campusconnectapogee Telecom Internet Service | 5/30/18 | $117,858 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $31,558 |
Investment income | $5,243 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $2,396 |
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 | $3,775,047 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic individuals. | $186,038 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $115,593 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $377,136 |
Pension plan accruals and contributions | $10,580 |
Other employee benefits | $91,395 |
Payroll taxes | $37,759 |
Fees for services: Management | $0 |
Fees for services: Legal | $19,999 |
Fees for services: Accounting | $11,000 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $160,395 |
Advertising and promotion | $0 |
Office expenses | $75,799 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $1,375,607 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $32,342 |
Interest | $419,354 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $543,536 |
Insurance | $116,694 |
All other expenses | $0 |
Total functional expenses | $4,115,538 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $877,423 |
Savings and temporary cash investments | $652,065 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $52,657 |
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 | $28,792 |
Investments—publicly traded securities | $75,286 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $342,482 |
Total assets | $15,789,327 |
Accounts payable and accrued expenses | $109,066 |
Grants payable | $0 |
Deferred revenue | $31,593 |
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 | $12,251,554 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $194,054 |
Total liabilities | $12,586,267 |
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 |
Total liabilities and net assets/fund balances | $3,203,060 |
Over the last fiscal year, we have identified 1 grants that College Houses has recieved totaling $43.
Awarding Organization | Amount |
---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $43 |
Organization Name | Assets | Revenue |
---|---|---|
University Of Louisiana Monroe Facilities Inc Monroe, LA | $82,040,215 | $15,012,687 |
Restore Education San Antonio, TX | $2,530,386 | $5,936,619 |
College Houses Austin, TX | $15,789,327 | $3,775,047 |
Books Between Kids Inc Houston, TX | $1,448,531 | $2,188,217 |
Communities In Schools Of New Mexico Santa Fe, NM | $908,559 | $2,316,828 |
The Arkansas Tech University Facilities Development Foundation Russellville, AR | $53,685 | $105 |
Austin Partners In Education Austin, TX | $1,240,919 | $1,858,475 |
Health Occupations Students Of America Southlake, TX | $3,397,887 | $1,856,291 |
Collegiate Edu-Nation Roscoe, TX | $1,605,609 | $1,649,388 |
Sci-Tech Discovery Center Inc Frisco, TX | $1,024,000 | $1,631,074 |
Communities In Schools Of The Big Country Abilene, TX | $1,261,919 | $2,051,094 |
American Board Of Obgyn Educational Foundation Inc Dallas, TX | $3,548,102 | -$4,008,900 |