Beyond Owners Group Inc
- Assets
- $131.7m
- Revenue
- $8.8m
- Investments
- $0.0
- Employees
- 2
- Location
- Willow Street, PA
- Founding
- 02/2017
- Data as of
- 06/2022
- EIN
- 81-2342449
Organization Overview
Beyond Owners Group Inc is located in Willow Street, PA. The organization was established in 2017. According to its NTEE Classification (L80) the organization is classified as: Housing Support, under the broad grouping of Housing & Shelter and related organizations. As of 06/2022, Beyond Owners Group Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Beyond Owners Group 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, Beyond Owners Group Inc generated $8.8m in total revenue. All expenses for the organization totaled $11.7m during the year ending 06/2022.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ASSISTING UNIVERSITIES TO MEET THEIR NEED FOR HIGH-QUALITY CONSTRUCTION PROJECTS BY TAKING ON THE BURDEN OF FINANCING LONG-TERM DEBT, CONTINUING COMPLIANCE AND ASSET MANAGEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASSISTING UNIVERSITIES TO MEET THEIR NEED FOR HIGH-QUALITY CONSTRUCTION PROJECTS BY TAKING ON THE BURDEN OF FINANCING LONG-TERM DEBT, CONTINUING COMPLIANCE AND ASSET MANAGEMENT.
CONSTRUCTING AND OWNING A TWO-PHASE STUDENT HOUSING PROJECT ON THE CAMPUS OF APPALACHIAN STATE UNIVERSITY FOR THE BENEFIT OF APPALACHIAN STATE UNIVERSITY AND ITS STUDENTS. BUILDING 100 AND THE PARKING DECK WERE COMPLETED FOR FALL 2020 OCCUPANCY. BUILDING 300 WAS COMPLETED FOR FALL 2021 OCCUPANCY. BOTH PHASES ARE OWNED BY BEYOND BOONE, LLC. BOTH PHASES ARE FULLY OCCUPIED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Sempsey Vice President/secretary | OfficerTrustee | 10 | $20,600 |
Geoffrey Beers President | OfficerTrustee | 10 | $20,600 |
Doug Shultz Treasurer | OfficerTrustee | 1 | $0 |
James Mccollum Board Member | Trustee | 1 | $0 |
Minor Redmond Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Choate Construction General Contractor Services | 6/29/19 | $1,570,994 |
Rise Boone Llc Developer | 6/29/19 | $178,870 |
Niles Bolton Architect | 6/29/19 | $525,808 |
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 | $8,810,432 |
| Investment income | $16,913 |
| 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 | $8,827,345 |
| 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. | $41,200 |
| 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 | $3,225 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $945 |
| Fees for services: Accounting | $19,522 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $44,763 |
| Fees for services: Other | $2,313,798 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $960,116 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,815,593 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,855,728 |
| Insurance | $442,764 |
| All other expenses | $4,599 |
| Total functional expenses | $11,697,446 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $98,795 |
| Savings and temporary cash investments | $14,007,819 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $588,997 |
| 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 | $308,711 |
| Net Land, buildings, and equipment | $114,274,292 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,452,898 |
| Total assets | $131,731,512 |
| Accounts payable and accrued expenses | $5,365,782 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $127,462,932 |
| 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 | $1,526,863 |
| Total liabilities | $134,355,577 |
| Net assets without donor restrictions | -$2,624,065 |
| 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 | $131,731,512 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Allegheny Council To Improve Our Neighborhoods-Housing Incorporated Pittsburgh, PA | $58,739,057 | $67,049,805 |
Commission On Economic Opportunity Of Luzerne County Wilkesbarre, PA | $24,684,280 | $41,061,242 |
Emerald Development And Economic Cleveland, OH | $37,695,936 | $37,548,229 |
Community First Fund Lancaster, PA | $129,035,730 | $44,963,943 |
Womens Housing And Economic Development Corporation Bronx, NY | $29,527,353 | $27,859,543 |
Joint Ownership Entity New York City Corp New York, NY | $155,995,039 | $17,434,025 |
Breaking Ground Housing Development Fund Corporation New York, NY | $193,138,085 | $25,961,669 |
Highland Park Community Development Corporation Brooklyn, NY | $3,265,910 | $15,414,103 |
Beyond Owners Group Inc Willow Street, PA | $131,731,512 | $8,827,345 |
Springpoint Senior Living Inc Cherry Hill, NJ | $72,542,176 | $10,591,630 |
Interstate I Affordable Housing Inc New York, NY | $783,725 | $8,991,908 |
Ascendant Neighborhood Development Corporation New York, NY | $39,528,943 | $4,446,577 |