Overview
What is University Facilities Inc?
University Facilities Inc is a nonprofit organization established to support Southeastern Louisiana University (SLU) by acquiring, constructing, developing, managing, and leasing student housing and other facilities on SLU's campus in Hammond, LA. This activity began in 1998 with the issuance of tax-exempt bonds and was primarily conducted by officials who were also employees of the university. The corporation's mission is to promote, assist, and benefit SLU's mission by providing student housing and other essential facilities.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
University Facilities Inc has received a two-star rating from Charity Navigator, indicating that while it exhibits some strong governance practices, there are notable concerns regarding its accountability and transparency. The organization has a fully independent board, which is a positive aspect, and it has scored well in financial oversight areas, such as its audit and asset management practices.
However, the nonprofit has significant weaknesses in its transparency measures, notably lacking essential policies such as a conflict of interest policy, whistleblower protections, and a document retention policy. Additionally, the absence of its website on tax documentation and the failure to publish its tax forms on its site highlights inefficiencies in communicating with stakeholders.
The financial health is also a concern, with a liabilities-to-assets ratio that indicates potential financial vulnerability. Although it has achieved a perfect program expense ratio, signifying that all its expenditures are directed towards its programs, the overall accountability and transparency issues suggest that there is room for improvement in its operational practices.
This AI summary has been generated from information found on Charity Navigator.
Is University Facilities Inc legitimate?
University Facilities Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. University Facilities 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,336,535
For more financial information, click here
What is the mission statement of University Facilities Inc?
University Facilities Inc was established to support Southeastern Louisiana University (SLU) by acquiring, constructing, developing, managing, and leasing student housing and other facilities on SLU's campus. This activity commenced in 1998 with the issuance of tax-exempt bonds. The corporation's operations mainly took place on SLU's main campus in Hammond, Louisiana, with many of its officials being university employees. The primary goal was to enhance SLU's mission by providing essential facilities for students.
Who is the CEO of University Facilities Inc?
John Paul Domiano is the Board Member of University Facilities Inc.
What is the revenue of University Facilities Inc?
University Facilities Inc's revenue in 2023 was $18,913,687.
Who are the executives of University Facilities Inc and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $151,168
- Other: $50,231
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $141,071
- Other: $48,988
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for University Facilities Inc?
University Facilities Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of University Facilities Inc
University Facilities Inc, a nonprofit organization, was established to support and advance the mission of Southeastern Louisiana University (SLU) by acquiring, constructing, developing, managing, and leasing student housing and other facilities on the SLU campus. This endeavor commenced in 1998, following the issuance of tax-exempt bonds. The organization's activities primarily took place on the main campus of SLU in Hammond, Louisiana, and were largely carried out by officials who were also employees of the university. By engaging in these activities, University Facilities Inc aimed to contribute significantly to the growth and development of Southeastern Louisiana University. The organization's endeavors focused on enhancing the student living experience and providing essential facilities that would ultimately benefit the academic community. Through its commitment to SLU, University Facilities Inc played an integral role in fostering a vibrant and thriving campus environment.
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Impact
October, 2024
University Facilities Inc significantly influences the campus life and academic success at Southeastern Louisiana University (SLU) by focusing on the development and management of student housing and facilities. Established in 1998, it has leveraged tax-exempt bonds to enhance accessibility to quality living spaces for students, thereby contributing to a supportive learning environment.
By acquiring, constructing, and managing housing, University Facilities ensures that students have safe and conducive living arrangements, which play a crucial role in their overall educational experience. This emphasis on student housing not only fosters a sense of community among students but also stimulates engagement with university activities and resources.
The organization operates primarily on the SLU campus in Hammond, LA, and its close ties with university officials allow for aligned objectives and efficient management of the facilities. The impact of University Facilities Inc can be seen in the improved campus infrastructure and enhanced student satisfaction, which together help advance the mission of SLU and bolster the academic performance of its students.
This information is meant to be a general summary of University Facilities 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 2023.
- Investment Income: $908,531
- Program Service Revenue: $18,005,156
- Gross Receipts: $18,913,687
Assets and Liabilities:
- Total Assets: $133,281,392
- Total Liabilities: $91,425,815
- Net Assets: $41,855,577
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$15,412,710
RENTAL:STUDENT UNION + BASE RENTS
Revenue
$1,532,294
RENTAL:INTERMODAL/STADIUM RENTAL
Revenue
$424,418
WORKSHOPS/SUMMER CAMPS
Revenue
$272,110
LEASE PROCESSING & ADMIN FEE
Revenue
$175,550
Organization Details
Founding Year
1997
Phone
(985) 549-2282Principal Officer
John Paul Domiano
Main Address
548 NED MCGEHEE DRDYSON HALL 153, HAMMOND, LA, 70402
NTEE Category
Code: L400 - Housing
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