Totals
- Total revenue
- $14,231,065
- Total expenses
- $12,868,490
- Contributions and grants received
- $0
- Grants paid
- $5,000
- Program service revenue
- $13,906,958
- Investment income
- $324,107
- Other revenue
- $0
- Total assets, end of year
- $98,096,718
- Total liabilities, end of year
- $103,659,519
- Net assets or fund balances, end of year
- -$5,562,801
- Program services expenses (Part IX)
- $12,791,944
- Management and general expenses
- $76,546
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $12,791,944
Program services were 99.4% 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 PROJEC
total $13,906,958 · related or exempt $13,906,958
-
3 · Investment income
total $324,107 · excluded $324,107
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $5,000 · program services $5,000
-
7 · Other salaries and wages
total $1,440,261 · program services $1,440,261
-
11a · Fees: management
total $484,620 · program services $484,620
-
11g · Fees: other
total $102,802 · program services $76,102 · management and general $26,700
-
16 · Occupancy
total $124,512 · program services $124,512
-
20 · Interest
total $3,349,181 · program services $3,349,181
-
22 · Depreciation, depletion and amortization
total $3,807,730 · program services $3,807,730
-
23 · Insurance
total $392,867 · program services $392,867
-
24a · Other expenses: UTILITIES
total $1,895,637 · program services $1,895,637
-
24b · Other expenses: REPAIRS & MAINTENANCE
total $710,063 · program services $710,063
-
24c · Other expenses: CONTRACTED SERVICES
total $428,963 · program services $428,963
-
24d · Other expenses: ADMINISTRATIVE EXPENSE
total $126,854 · program services $77,008 · management and general $49,846
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,525,162 · end of year $1,622,703
-
2 · Savings and temporary cash investments
beginning of year $0 · end of year $1,822,753
-
4 · Accounts receivable
beginning of year $9,466 · end of year $4,232
-
10a · Land, buildings and equipment: cost or other basis
$110,173,920
-
10b · Land, buildings and equipment: accumulated depreciation
$30,198,718
-
10c · Land, buildings and equipment, net
beginning of year $83,668,787 · end of year $79,975,202
-
13 · Investments: program-related
beginning of year $11,345,157 · end of year $13,755,300
-
15 · Other assets
beginning of year $0 · end of year $916,528
-
17 · Accounts payable and accrued expenses
beginning of year $3,026,445 · end of year $163,812
-
23 · Secured mortgages and notes payable
beginning of year $100,972,229 · end of year $101,670,998
-
25 · Other liabilities
beginning of year $459,282 · end of year $1,824,709
-
27 · Net assets without donor restrictions
beginning of year -$6,909,384 · end of year -$5,562,801
Mission and programs · 2022
Mission
SRUF CAMPUS HOUSING INC. WAS ORGANIZED EXCLUSIVELY FOR EDUCATIONAL, COMMUNITY AND GENERAL CHARITABLE PURPOSES, INCLUDING SUCH PURPOSES AS TO PROVIDE ON-CAMPUS HOUSING AT SLIPPERY ROCK UNIVERSITY OF PENNSYLVANIA AND FOR MAKING CONTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS TAX EXEMPT ORGANIZATIONS.
Activities or mission (Part I)
SRUF CAMPUS HOUSING INC. WAS ORGANIZED EXCLUSIVELY FOR EDUCATIONAL, COMMUNITY AND GENERAL CHARITABLE PURPOSES, INCLUDING SUCH PURPOSES AS TO PROVIDE ON-CAMPUS HOUSING AT SLIPPERY ROCK UNIVERSITY OF PENNSYLVANIA AND FOR MAKING CONTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS.
-
PROVIDE HOUSING FOR ENROLLED STUDENTS.
Expenses $12,791,944 · Grants $5,000 · Revenue $13,906,958
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Michael CullyMICHAEL CULLY
VICE CHAIRMAN (THRU 08/22/22)
- Total calculated
- $0
- Hours/week
- 1
-
William SonntagWILLIAM SONNTAG
SECRETARY (THRU 08/22/22)
- Total calculated
- $0
- Hours/week
- 1
-
Harry BertrandHARRY BERTRAND
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
Edward BuchaEDWARD BUCHA
EXECUTIVE DIRECTOR (THRU 12/31/22)
- Total calculated
- $146,404
- From this org
- $0
- From related orgs
- $136,281
- Other
- $10,123
- Hours/week
- 2 + 35.5 related
-
Michael HufnagelMICHAEL HUFNAGEL
TREASURER (THRU 08/22/22)
- Total calculated
- $0
- Hours/week
- 1
-
Douglas McMullenDOUGLAS MCMULLEN
VICE CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
Mark PalmerMARK PALMER
TREASURER (AS OF 08/23/22)
- Total calculated
- $0
- Hours/week
- 1
-
Julie PrebulaJULIE PREBULA
BOARD MEMBER (AS OF 08/23/22)
- Total calculated
- $0
- Hours/week
- 1
-
Jennifer WaltersJENNIFER WALTERS
SECRETARY (AS OF 08/23/22)
- Total calculated
- $0
- Hours/week
- 1
-
David HollenbaughDAVID HOLLENBAUGH
EXECUTIVE DIRECTOR (AS OF 9/6/22)
- Total calculated
- $52,227
- From this org
- $0
- From related orgs
- $48,726
- Other
- $3,501
- Hours/week
- 2 + 35.5 related
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.
Grants on this return
No itemized grants to organizations 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.
-
SLIPPERY ROCK UNIVERSITY
PA
Directly controlled by COMMONWEALTH OF PENNSYLVANIA
-
SLIPPERY ROCK UNIVERSITY FOUNDATION INC
501(C)(3) · PA
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
SRUF STUDENT HOUSING LLC
PROVIDE HOUSING FOR ENROLLED STUDENTS · PA · income $13,906,958 · assets $97,965,812
Directly controlled by SRUF CAMPUS HOUSING INC
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 January 2024
- IRS schema version
- 2022v5.0
- Source object
- 202410319349301731
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