Form 990 for tax year 2024
Filed by NATIONAL CAMPUS AND COMMUNITY DEVELOPMENT CORPORATION INC.
Totals
- Total revenue
- $96,363,701
- Total expenses
- $122,659,181
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $92,949,745
- Investment income
- $3,413,956
- Other revenue
- $0
- Total assets, end of year
- $1,119,212,324
- Total liabilities, end of year
- $1,305,633,528
- Net assets or fund balances, end of year
- -$186,421,204
- Program services expenses (Part IX)
- $122,254,855
- Management and general expenses
- $404,326
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $122,254,855
Program services were 99.7% 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 $87,333,560 · related or exempt $87,333,560
-
2b · Program service revenue: LEASE INTEREST REVENUE
total $4,176,487 · related or exempt $4,176,487
-
2c · Program service revenue: LEASE MGMT & ADMIN REVENUE
total $1,439,698 · related or exempt $1,439,698
-
3 · Investment income
total $3,413,956 · excluded $3,413,956
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $493,457 · program services $370,093 · management and general $123,364
-
7 · Other salaries and wages
total $129,091 · management and general $129,091
-
8 · Pension plan contributions
total $3,278 · management and general $3,278
-
9 · Other employee benefits
total $20,108 · management and general $20,108
-
10 · Payroll taxes
total $42,914 · program services $26,509 · management and general $16,405
-
11a · Fees: management
total $5,493,007 · program services $5,493,007
-
11b · Fees: legal
total $147,886 · program services $147,448 · management and general $438
-
11c · Fees: accounting
total $354,728 · program services $298,507 · management and general $56,221
-
11g · Fees: other
total $3,424,842 · program services $3,423,195 · management and general $1,647
-
13 · Office expenses
total $37,354 · program services $12,180 · management and general $25,174
-
14 · Information technology
total $3,079 · management and general $3,079
-
16 · Occupancy
total $23,993 · management and general $23,993
-
20 · Interest
total $47,977,326 · program services $47,977,326
-
22 · Depreciation, depletion and amortization
total $34,620,747 · program services $34,620,747
-
23 · Insurance
total $1,528 · management and general $1,528
-
24a · Other expenses: FACILITY MAINTENANCE EX
total $29,885,843 · program services $29,885,843
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,795 · end of year $71,763
-
2 · Savings and temporary cash investments
beginning of year $187,738,209 · end of year $106,001,783
-
4 · Accounts receivable
beginning of year $4,070,946 · end of year $2,892,573
-
9 · Prepaid expenses and deferred charges
beginning of year $15,536,215 · end of year $15,141,779
-
10a · Land, buildings and equipment: cost or other basis
$977,792,472
-
10b · Land, buildings and equipment: accumulated depreciation
$210,091,471
-
10c · Land, buildings and equipment, net
beginning of year $680,336,781 · end of year $767,701,001
-
15 · Other assets
beginning of year $277,168,875 · end of year $227,403,425
-
17 · Accounts payable and accrued expenses
beginning of year $57,748,770 · end of year $45,193,987
-
19 · Deferred revenue
beginning of year $57,915,106 · end of year $46,379,596
-
20 · Tax-exempt bond liabilities
beginning of year $1,118,564,934 · end of year $1,073,293,531
-
23 · Secured mortgages and notes payable
beginning of year $78,880,762 · end of year $97,468,275
-
25 · Other liabilities
beginning of year $11,869,973 · end of year $43,298,139
-
27 · Net assets without donor restrictions
beginning of year -$160,125,724 · end of year -$186,421,204
Mission and programs · 2024
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 $122,254,855 · Revenue $92,949,745
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Charles Greg EdenCHARLES GREG EDEN
PRESIDENT/CEO
- Total calculated
- $193,500
- From this org
- $187,500
- From related orgs
- $0
- Other
- $6,000
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $187,500
- Bonus
- $0
- Other
- $0
- Deferred
- $6,000
- Nontaxable benefits
- $0
- Filer's total
- $193,500
-
James Jeb BrownJAMES JEB BROWN
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Eric MarklandERIC MARKLAND
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Frank KrasovecFRANK KRASOVEC
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Richard GilbaneRICHARD GILBANE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Caroline OakesCAROLINE OAKES
VP & DIRECTOR OF OPERATION
- Total calculated
- $242,188
- From this org
- $217,525
- From related orgs
- $0
- Other
- $24,663
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $210,025
- Bonus
- $7,500
- Other
- $0
- Deferred
- $6,301
- Nontaxable benefits
- $18,362
- Filer's total
- $242,188
-
Libby SantosLIBBY SANTOS
DIRECTOR OF ADMINISTRATION
- Total calculated
- $129,609
- From this org
- $108,080
- From related orgs
- $0
- Other
- $21,529
- 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 $5,366,275 · assets $36,292,775
Directly controlled by NATIONAL CAMPUS AND COMMUNITY DEVELOPMENT CORPORATION
-
NCCD - BETHEL PROPERTIES LLC
CONSTRUCTION AND LEASING ACTIVITIES · TN · income $1,617,927 · assets $47,707,605
Directly controlled by NATIONAL CAMPUS AND COMMUNITY DEVELOPMENT CORPORATION
-
NCCD - CAIN HALL REDEVELOPMENT I LLC
CONSTRUCTION AND LEASING ACTIVITIES · TX · income $2,829,040 · assets $34,327,253
Directly controlled by NATIONAL CAMPUS AND COMMUNITY DEVELOPMENT CORPORATION
-
NCCD - COLLEGE STATION PROPERTIES LLC
CONSTRUCTION AND LEASING ACTIVITIES · TX · income $33,220,647 · assets $261,296,591
Directly controlled by NATIONAL CAMPUS AND COMMUNITY DEVELOPMENT CORPORATION
-
NCCD - BLINN COLLEGE PROPERTIES LLC
CONSTRUCTION AND LEASING ACTIVITIES · TX · income $3,068,849 · assets $28,542,217
Directly controlled by NATIONAL CAMPUS AND COMMUNITY DEVELOPMENT CORPORATION
-
NCCD - DRAKE PROPERTIES LLC
HOLD TITLE AND OPERATE LEASING ACTIVITIES · TN · income $3,803,470 · assets $21,885,810
Directly controlled by NATIONAL CAMPUS AND COMMUNITY DEVELOPMENT CORPORATION
-
NCCD - CLAREMONT PROPERTIES LLC
CONSTRUCTION AND LEASING ACTIVITIES · CA · income $7,775,808 · assets $55,183,362
Directly controlled by NATIONAL CAMPUS AND COMMUNITY DEVELOPMENT CORPORATION
-
NCCD - SPARTANBURG PROPERTIES LLC
CONSTRUCTION AND LEASING ACTIVITIES · TN · income $1,153,744 · assets $8,892,275
Directly controlled by NATIONAL CAMPUS AND COMMUNITY DEVELOPMENT CORPORATION
-
NCCD - NORTH CENTRAL PROPERTIES LLC
CONSTRUCTION AND LEASING ACTIVITIES · TX · income $898,718 · assets $18,465,797
Directly controlled by NATIONAL CAMPUS AND COMMUNITY DEVELOPMENT CORPORATION
-
NCCD - HOOPER STREET LLC
CONSTRUCTION AND LEASING ACTIVITIES · CA · income $9,673,154 · assets $83,587,680
Directly controlled by NATIONAL CAMPUS AND COMMUNITY DEVELOPMENT CORPORATION
-
NCCD - ORANGE COAST PROPERTIES LLC
CONSTRUCTION AND LEASING ACTIVITIES · CA · income $15,457,838 · assets $115,737,121
Directly controlled by NATIONAL CAMPUS AND COMMUNITY DEVELOPMENT CORPORATION
-
NCCD - BRENHAM PROPERTIES LLC
CONSTRUCTION · TX · income $2,858,490 · assets $32,465,221
Directly controlled by NATIONAL CAMPUS AND COMMUNITY DEVELOPMENT CORPORATION
-
NCCD - SANTA ROSA PROPERTIES LLC
CONSTRUCTION · CA · income $4,600,410 · assets $70,322,259
Directly controlled by NATIONAL CAMPUS AND COMMUNITY DEVELOPMENT CORPORATION
-
NCCD - UNR PROPERTIES LLC
CONSTRUCTION · NV · income $0 · assets $171,840,331
Directly controlled by NATIONAL CAMPUS AND COMMUNITY DEVELOPMENT CORPORATION
-
NCCD - NAPA VALLEY PROPERTIES LLC
CONSTRUCTION · CA · income $3,954,333 · assets $132,037,862
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 $22,158,442 · share of assets $120,526,660 · controlled entity
Directly controlled by NATIONAL CAMPUS AND COMMUNITY DEVELOPMENT
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 15 May 2026
- IRS schema version
- 2024v5.5
- Source object
- 202601359349303530
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