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Nonprofiteer
← HONEYSUCKLE STUDENT HOLDINGS INC

Form 990 for tax year 2023

Filed by HONEYSUCKLE STUDENT HOLDINGS INC.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2023 , filed 28 October 2024. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Those are the same on the two returns, so the amendment changed something else.

Totals

Total revenue
$2,435,952
Total expenses
$2,284,190
Contributions and grants received
$0
Grants paid
$100,000
Program service revenue
$2,217,370
Investment income
$218,582
Other revenue
$0
Total assets, end of year
$18,116,726
Total liabilities, end of year
$11,067,403
Net assets or fund balances, end of year
$7,049,323
Program services expenses (Part IX)
$1,828,484
Management and general expenses
$455,706
Fundraising expenses
$0
Program service expenses (Part III)
$1,828,484

Program services were 80.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: STUDENT HOUSING INCOME

    total $2,217,370 · related or exempt $2,217,370

  • 3 · Investment income

    total $218,610 · excluded $218,610

  • 7a · Gross sales of assets other than inventory

    securities $521

  • 7b · Less cost or other basis and sales expenses

    securities $549

  • 7c · Gain or loss

    securities -$28

  • 7d · Net gain or loss

    total -$28 · excluded -$28

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $100,000 · program services $100,000

  • 11a · Fees: management

    total $87,512 · management and general $87,512

  • 11g · Fees: other

    total $10,011 · management and general $10,011

  • 16 · Occupancy

    total $711,501 · program services $675,926 · management and general $35,575

  • 20 · Interest

    total $277,172 · program services $263,313 · management and general $13,859

  • 22 · Depreciation, depletion and amortization

    total $543,081 · program services $515,927 · management and general $27,154

  • 23 · Insurance

    total $55,548 · program services $49,993 · management and general $5,555

  • 24a · Other expenses: ADMINISTRATIVE EXPENSES

    total $347,948 · program services $86,987 · management and general $260,961

  • 24b · Other expenses: STUDENT AMENITIES

    total $95,267 · program services $95,267

  • 24c · Other expenses: STUDENT SAFETY

    total $41,071 · program services $41,071

  • 24d · Other expenses: MARKETING EXPENSES

    total $15,079 · management and general $15,079

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $450,286 · end of year $372,181

  • 2 · Savings and temporary cash investments

    beginning of year $1,478,676 · end of year $1,323,790

  • 9 · Prepaid expenses and deferred charges

    beginning of year $147,033 · end of year $175,622

  • 10a · Land, buildings and equipment: cost or other basis

    $19,572,543

  • 10b · Land, buildings and equipment: accumulated depreciation

    $9,596,207

  • 10c · Land, buildings and equipment, net

    beginning of year $10,519,419 · end of year $9,976,336

  • 11 · Investments: publicly traded securities

    beginning of year $1,174,342 · end of year $1,198,117

  • 15 · Other assets

    beginning of year $4,660,854 · end of year $5,070,680

  • 17 · Accounts payable and accrued expenses

    beginning of year $171,644 · end of year $212,125

  • 19 · Deferred revenue

    beginning of year $92,636 · end of year $57,141

  • 20 · Tax-exempt bond liabilities

    beginning of year $10,022,002 · end of year $9,408,430

  • 25 · Other liabilities

    beginning of year $1,442,789 · end of year $1,389,707

  • 27 · Net assets without donor restrictions

    beginning of year $6,701,539 · end of year $7,049,323

Mission and programs · 2023

Mission

THE ACTIVITIES OF THE ORGANIZATION ARE VARIED. PRESENTLY, MANY STUDENTS ARE HOUSED IN PRIVATE OFF-CAMPUS HOUSING THAT AT TIMES HAS BEEN SUBSTANDARD. THE ORGANIZATION OPERATES A HOUSING FACILITY FOR STUDENTS TO PROVIDE ALTERNATIVE SAFE HOUSING FOR THE BENEFIT OF THE STUDENTS AT BLOOMSBURG UNIVERSITY. ADDITIONALLY, AS AN AFFILIATE OF COMMUNITY GOVERNMENT ASSOCIATION OF BLOOMSBURG UNIVERSITY. THE ORGANIZATION WILL PROVIDE ADDITIONAL SERVICES FOR THE BENEFIT OF BLOOMSBURG UNIVERSITY AND ITS STUDENTS.

Activities or mission (Part I)

THE ACTIVITIES OF THE ORGANIZATION ARE VARIED. PRESENTLY, MANY STUDENTS ARE HOUSED IN PRIVATE OFF-CAMPUS HOUSING THAT AT TIMES HAS BEEN SUBSTANDARD. THE ORGANIZATION OPERATES A HOUSING FACILITY FOR STUDENTS TO PROVIDE ALTERNATIVE SAFE HOUSING FOR THE BENEFIT OF THE STUDENTS AT BLOOMSBURG UNIVERSITY. ADDITIONALLY, AS AN AFFILIATE OF COMMUNITY GOVERNMENT ASSOCIATION OF BLOOMSBURG UNIVERSITY, THE ORGANIZATION WILL PROVIDE ADDITIONAL SERVICES FOR THE BENEFIT OF BLOOMSBURG UNIVERSITY AND ITS STUDENTS.

  • THE ORGANIZATION PROVIDES SAFE, AFFORDABLE HOUSING FOR THE BENEFIT OF STUDENTS OF BLOOMSBURG UNIVERSITY IN CONJUNCTION WITH COMMUNITY GOVERNMENT ASSOCIATION OF BLOOMSBURG UNIVERSITY, INC.

    Expenses $1,828,484 · Grants $100,000 · Revenue $2,217,370

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Neil D'Amato

    CONTROLLER

    Total calculated
    $0
    Hours/week
    10 + 30 related

  • Matthew Yurkunas

    PRESIDENT

    Total calculated
    $196,762
    From this org
    $0
    From related orgs
    $120,095
    Other
    $76,667
    Hours/week
    1 + 1 related

    Schedule J breakdown matched by us

    Base
    $0 + $120,095 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $48,001 related
    Nontaxable benefits
    $0 + $28,666 related
    Filer's total
    $0 + $196,762 related

  • Ashleigh Cake

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Kayla Kinney

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Brandon Ikeler

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Michael R Gillespie

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Carl Sodergren

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
17 October 2024
IRS schema version
2023v5.1
Source object
202432919349300413

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