University Student Housing
- Assets
- $167.5m
- Revenue
- $32.8m
- Investments
- $0.0
- Employees
- 80
- Location
- West Chester, PA
- Founding
- 07/2004
- Data as of
- 06/2022
- EIN
- 82-0571540
Organization Overview
University Student Housing is located in West Chester, PA. The organization was established in 2004. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2022, University Student Housing employed 80 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Student Housing 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 Student Housing generated $32.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $24.4m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
OWNS, CONSTRUCTS, MANAGES, AND MAINTAINS STUDENT HOUSING FACILITIES USED BY WEST CHESTER UNIVERSITY
Describe the Organization's Program Activity:
UNIVERSITY STUDENT HOUSING, LLC ("USH") OPERATES AND MANAGES STUDENT HOUSING FACILITIES FOR 2,962 RESIDENTS FOR THE BENEFIT OF WEST CHESTER UNIVERSITY OF PENNSYLVANIA ("WCU"). USH MANAGES SIX COMFORTABLE RESIDENT COMMUNITIES LOCATED ON THE WEST CHESTER UNIVERSITY CAMPUS. USH IS RESPONSIBLE FOR THE DAY-TO-DAY MANAGEMENT OF THE COMMUNITIES. THE RESIDENCE LIFE STAFF FOR EACH COMMUNITY HANDLES ALL STUDENT-RELATED ISSUES AND IS MANAGED BY WCU. ALL USH COMMUNITIES ARE PATROLLED AND MONITORED BY WCU PUBLIC SAFETY. EACH USH COMMUNITY FEATURES PRIVATE AND SEMI-PRIVATE AIR-CONDITIONED SUITES, AN ON-SITE FITNESS CENTER, SPACIOUS STUDENT LOUNGES AND GAME ROOMS, FREE LAUNDRY AT THE RESIDENCE HALLS, ETHERNET SERVICE, AND FULL KITCHEN AND VENDING AREAS.FOLLOWING THE PANDEMIC, USH RE-OPENED AT 99% OCCUPANCY FOR ALL PROPERTIES IN THE FALL OF 2021 AND SPRING 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michelle Ginsberg Chief Housing Officer (until 5/22) | Officer | 40 | $107,315 |
Alexa Labresco Sr. Director Of Housing | 45 | $103,993 | |
Dr John H Baker President | OfficerTrustee | 0.2 | $0 |
Kathleen Leidheiser Treasurer | OfficerTrustee | 0.2 | $0 |
Dr Sandra F Mather Secretary | OfficerTrustee | 0.2 | $0 |
May Van Vice President (until 12/21) | OfficerTrustee | 0.2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sodexo Inc & Affiliates Janitorial Services | 6/29/22 | $1,159,213 |
New Line Communications Communication Services/maintenance | 6/29/22 | $411,445 |
West Chester Mechanical Contractors Hvac Services | 6/29/22 | $405,861 |
West Chester University Public Safety, Resid Life, Telecom | 6/29/22 | $284,836 |
Brightview Landscapes Llc Landscaping | 6/29/22 | $169,353 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $420,000 |
| 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 | $420,000 |
| Total Program Service Revenue | $32,106,881 |
| Investment income | $15,081 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $50,298 |
| Net Gain/Loss on Asset Sales | $571 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $32,752,898 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $514,531 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $124,038 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,685,627 |
| Pension plan accruals and contributions | $79,117 |
| Other employee benefits | $135,449 |
| Payroll taxes | $98,913 |
| Fees for services: Management | $200,000 |
| Fees for services: Legal | $31,723 |
| Fees for services: Accounting | $74,807 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $313,831 |
| Advertising and promotion | $6,019 |
| Office expenses | $89,818 |
| Information technology | $398,323 |
| Royalties | $0 |
| Occupancy | $12,258,954 |
| Travel | $56 |
| 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 | $5,999,079 |
| Insurance | $205,719 |
| All other expenses | $64,860 |
| Total functional expenses | $24,393,639 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $123,007 |
| Savings and temporary cash investments | $30,055,004 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $798,969 |
| 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 | $583,136 |
| Net Land, buildings, and equipment | $133,626,967 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $2,296,191 |
| Other assets | $30,321 |
| Total assets | $167,513,595 |
| Accounts payable and accrued expenses | $3,995,228 |
| Grants payable | $0 |
| Deferred revenue | $78,809 |
| Tax-exempt bond liabilities | $162,563,785 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $25,822,744 |
| Unsecured mortgages and notes payable | $307,777 |
| Other liabilities | $19,503,079 |
| Total liabilities | $212,271,422 |
| Net assets without donor restrictions | -$44,757,827 |
| 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 | $167,513,595 |
Grants Awarded
Over the last fiscal year, University Student Housing has awarded $2,592,090 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
West Chester, PA PURPOSE: SUPPORT WCUF'S CHARITABLE PURPOSE | $2,559,090 |
BOROUGH OF WEST CHESTER PURPOSE: TO FUND A SECURITY PATROL PROGRAM DURING HIGH STUDENT ACTIVITY | $33,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ohio Dominican University Columbus, OH | $77,838,919 | $50,128,137 |
Notre Dame College South Euclid, OH | $47,555,171 | $48,168,719 |
West Virginia Wesleyan College Buckhannon, WV | $129,913,530 | $51,877,916 |
Vaughn College Of Aeronautics And Technology East Elmhurst, NY | $105,761,771 | $41,818,773 |
University Of Northwestern Ohio Lima, OH | $114,514,487 | $54,604,805 |
Hiram College Hiram, OH | $148,255,931 | $41,168,029 |
Thiel College Greenville, PA | $97,550,860 | $47,464,141 |
Malone University Canton, OH | $68,667,237 | $44,894,843 |
Wilmington College Wilmington, OH | $137,983,559 | $72,527,709 |
Lourdes University Sylvania, OH | $53,479,369 | $38,568,950 |
Columbus College Of Art & Design Columbus, OH | $67,729,937 | $43,474,178 |
Concordia College At Bronxville Bronxville, NY | $58,273,921 | $38,883,009 |