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← NATIONAL CAMPUS AND COMMUNITY DEVELOPMENT CORPORATION INC

Form 990 for tax year 2023

Filed by NATIONAL CAMPUS AND COMMUNITY DEVELOPMENT CORPORATION INC.

Totals

Total revenue
$90,130,712
Total expenses
$105,125,485
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$87,973,414
Investment income
$2,157,298
Other revenue
$0
Total assets, end of year
$1,164,853,821
Total liabilities, end of year
$1,324,979,545
Net assets or fund balances, end of year
-$160,125,724
Program services expenses (Part IX)
$104,728,737
Management and general expenses
$396,748
Fundraising expenses
$0
Program service expenses (Part III)
$104,728,737

Program services were 99.6% 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: FACILITY RENTAL & RELATED FEES

    total $77,999,149 · related or exempt $77,999,149

  • 2b · Program service revenue: LEASE INTEREST REVENUE

    total $9,466,515 · related or exempt $9,466,515

  • 2c · Program service revenue: LEASE MGMT & ADMIN REVENUE

    total $507,750 · related or exempt $507,750

  • 3 · Investment income

    total $2,443,100 · excluded $2,443,100

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

    other assets $285,802

  • 7c · Gain or loss

    other assets -$285,802

  • 7d · Net gain or loss

    total -$285,802 · excluded -$285,802

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $442,785 · program services $332,089 · management and general $110,696

  • 7 · Other salaries and wages

    total $110,313 · management and general $110,313

  • 8 · Pension plan contributions

    total $3,903 · management and general $3,903

  • 9 · Other employee benefits

    total $17,811 · management and general $17,811

  • 10 · Payroll taxes

    total $39,012 · program services $23,667 · management and general $15,345

  • 11a · Fees: management

    total $5,013,704 · program services $5,013,704

  • 11b · Fees: legal

    total $93,522 · program services $93,084 · management and general $438

  • 11c · Fees: accounting

    total $278,248 · program services $193,274 · management and general $84,974

  • 11g · Fees: other

    total $3,991,553 · program services $3,988,721 · management and general $2,832

  • 13 · Office expenses

    total $4,204 · management and general $4,204

  • 14 · Information technology

    total $9,565 · management and general $9,565

  • 16 · Occupancy

    total $35,349 · management and general $35,349

  • 20 · Interest

    total $43,968,996 · program services $43,968,996

  • 22 · Depreciation, depletion and amortization

    total $30,819,014 · program services $30,819,014

  • 23 · Insurance

    total $1,318 · management and general $1,318

  • 24a · Other expenses: FACILITY MAINTENANCE EX

    total $20,296,188 · program services $20,296,188

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $10,426 · end of year $2,795

  • 2 · Savings and temporary cash investments

    beginning of year $308,785,382 · end of year $187,738,209

  • 4 · Accounts receivable

    beginning of year $2,366,895 · end of year $4,070,946

  • 9 · Prepaid expenses and deferred charges

    beginning of year $15,878,418 · end of year $15,536,215

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

    $855,807,506

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

    $175,470,725

  • 10c · Land, buildings and equipment, net

    beginning of year $639,048,321 · end of year $680,336,781

  • 15 · Other assets

    beginning of year $192,715,776 · end of year $277,168,875

  • 17 · Accounts payable and accrued expenses

    beginning of year $47,244,107 · end of year $57,748,770

  • 19 · Deferred revenue

    beginning of year $16,682,438 · end of year $57,915,106

  • 20 · Tax-exempt bond liabilities

    beginning of year $1,145,556,080 · end of year $1,118,564,934

  • 23 · Secured mortgages and notes payable

    beginning of year $79,679,477 · end of year $78,880,762

  • 25 · Other liabilities

    beginning of year $14,600,454 · end of year $11,869,973

  • 27 · Net assets without donor restrictions

    beginning of year -$144,957,338 · end of year -$160,125,724

Mission and programs · 2023

Mission

TO ENGAGE IN A BROAD RANGE OF ACTIVITIES TO PROMOTE HEALTHY COMMUNITIES, TO ASSIST SCHOOLS, COMMUNITY COLLEGES, PUBLIC AND PRIVATE COLLEGES AND UNIVERSITIES. TO STRUCTURE PUBLIC PRIVATE PARTNERSHIPS FOR STATE AND LOCAL GOVERNMENTS TO INCLUDE COURT HOUSES, HEALTH CARE FACILITIES, PARKING GARAGES AND LESSEN THE BURDENS OF GOVERNMENT.

Activities or mission (Part I)

OUR GOALS ARE TO REDUCE THE TIME, RISK, AND EXPENSE ASSOCIATED WITH PUBLIC FACILITIES DEVELOPMENT. OUR TAX-EXEMPT FINANCING SOLUTIONS PROVIDE COST-EFFECTIVE, RISK-FREE OPPORTUNITIES FOR ESSENTIAL INFRASTRUCTURE AND FACILITIES DEVELOPMENT.

  • NCCD IS DEDICATED TO HELPING BUILD STRONGER COMMUNITIES THROUGH TAX EXEMPT AND PROJECT FINANCING FOR FACILITIES DEVELOPMENT. CURRENT PROJECTS INCLUDE STUDENT HOUSING, A UNIVERSITY HOTEL, PARKING FACILITIES, THE EXPANSION OF A COMMUNITY COLLEGE CAMPUS AND A CONFERENCE CENTER.

    Expenses $104,728,737 · Revenue $87,973,414

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

Listed in Part VII

  • CHARLES GREG EDEN

    PRESIDENT/CEO

    Total calculated
    $356,750
    From this org
    $350,000
    From related orgs
    $0
    Other
    $6,750
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $225,000
    Bonus
    $125,000
    Other
    $0
    Deferred
    $6,750
    Nontaxable benefits
    $0
    Filer's total
    $356,750

  • JAMES JEB BROWN

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • ERIC MARKLAND

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • FRANK KRASOVEC

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RICHARD GILBANE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CAROLINE OAKES

    VP & DIRECTOR OF OPERATION

    Total calculated
    $275,865
    From this org
    $253,356
    From related orgs
    $0
    Other
    $22,509
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $193,356
    Bonus
    $60,000
    Other
    $0
    Deferred
    $5,801
    Nontaxable benefits
    $16,708
    Filer's total
    $275,865

  • LIBBY SANTOS

    DIRECTOR OF ADMINISTRATION

    Total calculated
    $143,389
    From this org
    $123,672
    From related orgs
    $0
    Other
    $19,717
    Hours/week
    40

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

  • 3 · Compensation committee
  • 3 · Approval by the board or compensation committee

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

No itemized grants to organizations on this return.

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.

  • NCCD - BISCAYNE PROPERTIES LLC

    CONSTRUCTION AND LEASING ACTIVITIES · TN · income $5,478,917 · assets $38,350,747

    Directly controlled by NATIONAL CAMPUS AND COMMUNITY DEVELOPMENT CORPORATION

  • NCCD - BETHEL PROPERTIES LLC

    CONSTRUCTION AND LEASING ACTIVITIES · TN · income $1,639,158 · assets $48,328,432

    Directly controlled by NATIONAL CAMPUS AND COMMUNITY DEVELOPMENT CORPORATION

  • NCCD - CAIN HALL REDEVELOPMENT I LLC

    CONSTRUCTION AND LEASING ACTIVITIES · TX · income $2,854,900 · assets $35,986,907

    Directly controlled by NATIONAL CAMPUS AND COMMUNITY DEVELOPMENT CORPORATION

  • NCCD - COLLEGE STATION PROPERTIES LLC

    CONSTRUCTION AND LEASING ACTIVITIES · TX · income $31,103,692 · assets $255,760,844

    Directly controlled by NATIONAL CAMPUS AND COMMUNITY DEVELOPMENT CORPORATION

  • NCCD - BLINN COLLEGE PROPERTIES LLC

    CONSTRUCTION AND LEASING ACTIVITIES · TX · income $3,350,638 · assets $29,736,059

    Directly controlled by NATIONAL CAMPUS AND COMMUNITY DEVELOPMENT CORPORATION

  • NCCD - DRAKE PROPERTIES LLC

    HOLD TITLE AND OPERATE LEASING ACTIVITIES · TN · income $3,724,553 · assets $23,041,986

    Directly controlled by NATIONAL CAMPUS AND COMMUNITY DEVELOPMENT CORPORATION

  • NCCD - CLAREMONT PROPERTIES LLC

    CONSTRUCTION AND LEASING ACTIVITIES · CA · income $7,407,616 · assets $52,631,002

    Directly controlled by NATIONAL CAMPUS AND COMMUNITY DEVELOPMENT CORPORATION

  • NCCD - SPARTANBURG PROPERTIES LLC

    CONSTRUCTION AND LEASING ACTIVITIES · TN · income $1,129,118 · assets $8,788,850

    Directly controlled by NATIONAL CAMPUS AND COMMUNITY DEVELOPMENT CORPORATION

  • NCCD - NORTH CENTRAL PROPERTIES LLC

    CONSTRUCTION AND LEASING ACTIVITIES · TX · income $924,756 · assets $18,966,152

    Directly controlled by NATIONAL CAMPUS AND COMMUNITY DEVELOPMENT CORPORATION

  • NCCD - HOOPER STREET LLC

    CONSTRUCTION AND LEASING ACTIVITIES · CA · income $8,842,398 · assets $85,215,665

    Directly controlled by NATIONAL CAMPUS AND COMMUNITY DEVELOPMENT CORPORATION

  • NCCD - ORANGE COAST PROPERTIES LLC

    CONSTRUCTION AND LEASING ACTIVITIES · CA · income $15,529,848 · assets $120,139,192

    Directly controlled by NATIONAL CAMPUS AND COMMUNITY DEVELOPMENT CORPORATION

  • NCCD - BRENHAM PROPERTIES LLC

    CONSTRUCTION · TX · income $2,750,517 · assets $33,803,091

    Directly controlled by NATIONAL CAMPUS AND COMMUNITY DEVELOPMENT CORPORATION

  • NCCD - SANTA ROSA PROPERTIES LLC

    CONSTRUCTION · CA · income $5,594,578 · assets $73,743,428

    Directly controlled by NATIONAL CAMPUS AND COMMUNITY DEVELOPMENT CORPORATION

  • NCCD - UNR PROPERTIES LLC

    CONSTRUCTION · NV · income $0 · assets $173,208,234

    Directly controlled by NATIONAL CAMPUS AND COMMUNITY DEVELOPMENT CORPORATION

  • NCCD - NAPA VALLEY PROPERTIES LLC

    CONSTRUCTION · CA · income $0 · assets $148,912,971

    Directly controlled by NATIONAL CAMPUS AND COMMUNITY DEVELOPMENT CORPORATION

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • NCCD - CAIN HALL REDEVELOPMENT II INC

    C · CONSTRUCTION AND LEASING ACTIVITIES · TX · 100% owned · share of income $21,465,178 · share of assets $124,927,485 · controlled entity

    Directly controlled by NATIONAL CAMPUS AND COMMUNITY DEVELOPMENT

Provenance

Return type
form_990
Tax year
2023
Filed
14 May 2025
IRS schema version
2023v6.0
Source object
202531349349313068

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