University Facilities INC

Tax-deductible

Hammond, LA501(c)(3)Since 1997HousingEIN 72-1417328Revenue $21.3M in FY2025

On file with the IRS548 Ned McGehee Drdyson Hall 153, 70402-0001 · Hammond, LATax-exempt since Mar 1999College/university support org — 170(b)(1)(A)(iv)

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The corporation was formed to promote, assist and benefit the mission of southeastern louisiana University (slu) through the acquisition, construction, development, management, and leasing of student housing or other Facilities on the campus of slu. This activity began in 1998 through the issuance of tax exempt bonds. The activity was conducted on the main campus of slu in hammond, la and was primarily conducted by officials which were also employees of the University.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
$387K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $749K a year · 4% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$387K
to officers and key staff · 2% of spending
Top officer’s pay lower than 58% of similar orgs
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Concern: 0.1 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$78.2M
62% of total assets
Fine: liabilities are 62% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$21.3M
+4% vs prior year
Spent
$19.6M
To programs
100%
Net assets
$47.2M
By yearFY2021–FY2025
Revenue
$21.3M
FY2025▲ +4%
Tap a bar for its year
Revenue by fiscal year
FY2021$18.8M
FY2022$18.1M
FY2023$18.9M
FY2024$20.4M
FY2025$21.3M
Expenses
$19.6M
FY2025▲ +17%
Tap a bar for its year
Expenses by fiscal year
FY2021$16.1M
FY2022$17.8M
FY2023$23.5M
FY2024$16.7M
FY2025$19.6M
Net assets
$47.2M
FY2025▲ +4%
Tap a bar for its year
Net assets by fiscal year
FY2021$46.2M
FY2022$46.5M
FY2023$41.9M
FY2024$45.5M
FY2025$47.2M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 1999.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $19.6M

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

4 people listed on the 990; $387K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Board Member
$199,172Pt VII · Sec A
Secretary/Treasurer
$187,468Pt VII · Sec A
$0Pt VII · Sec A
Vice Chairman
$0Pt VII · Sec A

Mr Eric Summers’s $199K as Board Member is at the 42nd percentile of top reported officer pay among 676 $10–100M housing nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2024
Mr Eric Summers$199,172$155,086
Mr John Paul Domiano$187,468$144,316

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Develops, manages, and leases student housing and facilities for Southeastern Louisiana University.

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Provided by the organization

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1 program · $19.6M · in their own filed words · FY2024
01

Provider of student housing

$19.6Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 5 grants · $17.0M · 2020–2024
Southeastern Louisiana UniversityFY2024$3,661,005
Southeastern Louisiana UniversityFY2023$1,481,015
Southeastern Louisiana UniversityFY2022$7,697,666
Southeastern Louisiana UniversityFY2021$3,024,655
Southeastern Louisiana UniversityFY2020$1,166,954

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$21.3M
Ln 12
Fees for servicesLn 2g$20.1M
Investment incomeLn 3$1.1M
Money outPt IX
$19.6M
Ln 25
Programscol B$19.6M
Owns and owesPt X
$47.2M
net assets · Ln 32
Cash and savingsLn 1–2$156K
Total assetsLn 16$125.5M
LiabilitiesLn 26$78.2M
PeoplePt VI, VII
4
listed · VII A
PaidVII A2
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$20.1M
Investment incomeLn 3$1.1M
Total revenueLn 12$21.3M
Assets in detailPt X, end of year
CashLn 1−$1
SavingsLn 2$156K
Cash and savings togetherLn 1–2$156K
InvestmentsLn 11–13$22.8M
Land, buildings, equipmentLn 10c$99.3M
Other assetsLn 15$3K
Total assetsLn 16$125.5M
LiabilitiesLn 26$78.2M
Net assetsLn 32$47.2M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$204K$156K
InvestmentsLn 11–13$21.9M$22.8M
Land, buildings, equipmentLn 10c$103.4M$99.3M
Total assetsLn 16$129.6M$125.5M
LiabilitiesLn 26$84.1M$78.2M
Net assetsLn 32$45.5M$47.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$3.7M$3.7M
Other salaries and wagesLn 7$1.6M$1.6M
Other employee benefitsLn 9$1.1M$1.1M
Payroll taxesLn 10$419K$419K
Accounting feesLn 11c$56K$56K
Investment management feesLn 11f$14K$14K
Other fees for servicesLn 11g$127K$127K
Office expensesLn 13$1.4M$1.4M
TravelLn 17$5K$5K
Depreciation, depletion and amortizationLn 22$4.3M$4.3M
InsuranceLn 23$1.1M$1.1M
Other expenses (24a–d)Ln 24$4.0M$4.0M
All other expensesLn 24e$1.8M$1.8M
Total functional expensesLn 25$19.6M$19.6M$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $21.3M$19.6M$1.7M$47.2M 990 PDF
FY2024 $20.4M$16.7M$3.7M$45.5M 990 PDF
FY2023 $18.9M$23.5M−$4.6M$41.9M 990 PDF
FY2022 $18.1M$17.8M$264K$46.5M 990 PDF
FY2021 $18.8M$16.1M$2.7M$46.2M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $21,266,230 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $19,148,049$20,133,565
I-10 Investment incomePrior year $1,212,478$1,132,665
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $20,360,527$21,266,230
I-13 Grants and similar amounts paidPrior year $1,481,015$3,661,005
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $2,977,040$3,162,347
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $12,226,216$12,732,054
I-18 Total expensesPrior year $16,684,271$19,555,406
I-19 Revenue less expensesPrior year $3,676,256$1,710,824
Part VI · Governance 3 of 3 board members independent, 4 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $21,266,230 across 3 lines filed
Lines not itemized here account for $202,958 of total revenue; see the IRS return.
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $19,930,607$19,930,607
VIII-3 Investment incomeExcluded from tax $1,132,665$1,132,665
VIII-12 Total revenueRelated to mission $20,133,565 · Unrelated business $0 · Excluded from tax $1,132,665$21,266,230
Part IX · Statement of functional expenses $19,555,406 across 13 lines filed
IX-1 Grants to domestic organizationsPrograms $3,661,005$3,661,005
IX-7 Other salaries and wagesPrograms $1,648,010$1,648,010
IX-9 Other employee benefitsPrograms $1,095,036$1,095,036
IX-10 Payroll taxesPrograms $419,301$419,301
IX-11c Accounting feesPrograms $56,479$56,479
IX-11f Investment management feesPrograms $14,000$14,000
IX-11g Other fees for servicesPrograms $127,386$127,386
IX-13 Office expensesPrograms $1,352,471$1,352,471
IX-17 TravelPrograms $5,375$5,375
IX-22 Depreciation, depletion and amortizationPrograms $4,347,011$4,347,011
IX-23 InsurancePrograms $1,087,749$1,087,749
IX-24 Other expenses (24a–d)Programs $3,987,093$3,987,093
IX-24e All other expensesPrograms $1,754,490$1,754,490
IX-25 Total functional expensesPrograms $19,555,406 · Management $0 · Fundraising $0$19,555,406
Part X · Balance sheet $125,479,115 assets, 18 lines filed
X-1 Cash, non-interest-bearing−$1
X-2 Savings and temporary cash investmentsStart of year $203,891$156,317
X-4 Accounts receivableStart of year $1,833,296$1,099,522
X-8 Inventories for sale or useStart of year $80,972$76,159
X-9 Prepaid expenses and deferred chargesStart of year $83,873$97,449
X-10c Land, buildings and equipment, netStart of year $103,403,758$99,346,462
X-11 Publicly traded securitiesStart of year $21,915,541$22,773,357
X-14 Intangible assetsStart of year $2,097,767$1,927,150
X-15 Other assetsStart of year $3,570$2,700
X-16 Total assetsStart of year $129,622,668$125,479,115
X-17 Accounts payable and accrued expensesStart of year $431,202$563,628
X-19 Deferred revenueStart of year $132,993$114,370
X-20 Tax-exempt bond liabilitiesStart of year $82,132,590$76,253,334
X-25 Other liabilitiesStart of year $1,394,050$1,305,126
X-26 Total liabilitiesStart of year $84,090,835$78,236,458
X-27 Net assets without donor restrictionsStart of year $45,531,833$47,242,657
X-32 Total net assets or fund balancesStart of year $45,531,833$47,242,657
X-33 Total liabilities and net assetsStart of year $129,622,668$125,479,115
Part XI · Reconciliation of net assets $47,242,657 net assets at year end
XI-1 Total revenue$21,266,230
XI-2 Total expenses$19,555,406
XI-3 Revenue less expenses$1,710,824
XI-4 Net assets at start of year$45,531,833
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$47,242,657

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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