Collegiate Housing Foundation

Interesting data from their 2017 990 filing

The mission of the non-profit, as stated in the filing, is “(a)the organization is organized exclusively for charitable, religious, and educational purposes within the meaning of section 501(c)(3) of the u.s. internal revenue code of 1986 (the code) including for such purposes:(1)assisting each of its members to provide housing for its enrolled students; and(2)otherwise assisting each of its members to further their educational missions.(b)the organization is empowered to do and perform such acts as may be necessary or appropriate in carrying out the foregoing purposes of the organization and in connection therewith to exercise any of the powers granted to nonprofit corporations by the alabama nonprofit corporation act which are consistent with the organization's status as an organization (i) exempt from federal income tax under section 501(a) and 501(c)(3) of the code and (ii) to which contributions are deductible under section 170(c)(2) of the code.”.

When referring to its tasks, they were described as: “.(a)the organization is organized exclusively for charitable, religious, and educational purposes within the meaning of section 501(c)(3) of the u.s. internal revenue code of 1986 (the code) including for such purposes:(1)assisting each of its members to provide housing for its enrolled students; and (2)otherwise assisting each of its members to further their educational missions.(b)the organization is empowered to do and perform such acts as may be necessary or appropriate in carrying out the foregoing purposes of the organization and in connection therewith to exercise any of the powers granted to nonprofit corporations by the alabama nonprofit corporation act which are consistent with the organization's status as an organization (i) exempt from federal income tax under section 501(a) and 501(c)(3) of the code and (ii) to which contributions are deductible under section 170(c)(2) of the code.”.

• The non-profit is operating legally in the state of AL.
• The non-profit's address for the year 2017 is listed as POST OFFICE BOX 1385, FAIRHOPE, AL, 365331385 in the filing.
• The form submitted by the non-profit organization for 2017 reports 4 employees.
• Is not a private foundation.
• Expenses are greater than $1,000,000.
• Revenue is greater than $1,000,000.
• Revenue less expenses is -$22,505,492.
• The organization has 5 independent voting members.
• The organization was formed in 1996.
• The organization pays $1,211,575 in salary, compensation, and benefits to its employees.
• The organization pays $0 in fundraising expenses.