Overview
What is Ucf Hospitality School Student Housing Foundation Inc?
Ucf Hospitality School Student Housing Foundation Inc is a nonprofit organization that played a significant role in the University of Central Florida's community. Established with the mission to provide on-campus housing for students enrolled in the Harris Rosen School of Hospitality Management, the Foundation completed construction of a 400-room facility on June 30, 2005. This student housing has been instrumental in accommodating and supporting the educational journey of countless Hospitality Management students, adding a valuable asset to the university's infrastructure. The Foundation's efforts have contributed to enhancing the overall student experience and fostering a thriving learning environment.
What are the reviews and ratings of this charity?
Charity Navigator Rating: One-Star out of Four Stars (56%)
The UCF Hospitality School Student Housing Foundation Inc has received a One-Star rating from Charity Navigator, indicating a score of 56%. The rating reflects concerns primarily related to its financial health, particularly the liabilities to assets ratio, which is considerably high at 71.47%. While the organization has strengths in areas such as governance, with all board members being independent and having a robust conflict of interest policy, these financial weaknesses significantly detract from its overall performance.
On the positive side, the organization demonstrates strong accountability and transparency practices. It documents board meeting minutes, maintains a policy to avoid conflicts of interest, and shows no material diversion of assets. Its program expense ratio is exceptionally high, indicating that nearly all of its expenses are directed towards its programs, which is a strong point for potential supporters.
Despite these positives, the financial concerns cannot be overlooked. A high liabilities to assets ratio suggests potential financial instability, which can impact the organization's ability to sustain its initiatives in the long run. Overall, while there are several commendable practices in place, stakeholders should approach with caution given the organization's financial challenges.
This AI summary has been generated from information found on Charity Navigator.
Is Ucf Hospitality School Student Housing Foundation Inc legitimate?
Ucf Hospitality School Student Housing Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ucf Hospitality School Student Housing Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
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What is the mission statement of Ucf Hospitality School Student Housing Foundation Inc?
The UCF Hospitality School Student Housing Foundation Inc's primary objective was to construct a 400-room housing facility. This facility was intended to offer on-campus housing for students enrolled in the Harris Rosen School of Hospitality Management at the University of Central Florida. The foundation completed this project on June 30, 2005. The main purpose of this housing facility was to provide convenient and on-site accommodation options for students attending the hospitality management school. By constructing this housing facility, the foundation aimed to enhance the overall student experience at the university.
Who is the CEO of Ucf Hospitality School Student Housing Foundation Inc?
James E Bina is the President of Ucf Hospitality School Student Housing Foundation Inc.
What is the revenue of Ucf Hospitality School Student Housing Foundation Inc?
Ucf Hospitality School Student Housing Foundation Inc's revenue in 2022 was $1,155,786.
Who are the executives of Ucf Hospitality School Student Housing Foundation Inc and what are their salaries?
Here are 8 key members and their salaries:
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Where can I find the form 990 for Ucf Hospitality School Student Housing Foundation Inc?
Ucf Hospitality School Student Housing Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ucf Hospitality School Student Housing Foundation Inc
Ucf Hospitality School Student Housing Foundation Inc, a nonprofit organization, was established with a mission to construct and provide a 400-room housing facility for students attending the Harris Rosen School of Hospitality Management at the University of Central Florida. By 2005, the foundation successfully completed the construction of this on-campus housing facility, catering specifically to the needs of hospitality management students. This initiative aimed to offer convenient and suitable accommodation for these students, enhancing their overall academic experience.
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Impact
October, 2024
The UCF Hospitality School Student Housing Foundation Inc has made a significant impact by providing essential on-campus housing for students at the Harris Rosen School of Hospitality Management at the University of Central Florida. By constructing a 400-room facility, the foundation has greatly enhanced the living and learning experience for hospitality students since its completion on June 30, 2005. This dedicated housing not only increases accessibility to academic resources but also fosters a strong sense of community and collaboration among students pursuing careers in hospitality. The availability of this housing has likely contributed to higher retention rates and academic success, ensuring that students can focus on their studies and professional development without the added stress of off-campus living arrangements. Overall, this initiative supports educational advancement in the hospitality field while enriching the student experience at UCF.
This information is meant to be a general summary of Ucf Hospitality School Student Housing Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $1,155,786
- Gross Receipts: $1,155,786
Assets and Liabilities:
- Total Assets: $8,435,944
- Total Liabilities: $6,626,843
- Net Assets: $1,809,101
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rental Income
Revenue
$1,155,786
Organization Details
Founding Year
2003
Phone
(407) 996-9840Principal Officer
James E Bina
Main Address
4000 Destination Parkway, Orlando, FL, 328198111
NTEE Category
Code: B19 - Education
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