FAYETTEVILLE STATE UNIVERSITY STUD… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2010

Legal Domicile

Principal Officer

MR KENNETH SPAYD

Phone

9106721151

Tax Period

2024-07-01 to 2025-06-30

FAYETTEVILLE STATE UNIVERSITY STUDENT HOUSING CORPORATION, founded in 2010, is a small nonprofit in the Housing & Shelter sector that reported $675K in total revenue in fiscal year 2024. Expenses of $593K left a modest 12% surplus.

Mission

TO DEVELOP, FINANCE, PREPARE, PROVIDE, AND SUPERVISE RESIDENTIAL HOUSING FACILITIES FOR THE STUDENTS AND FACULTY OF FAYETTEVILLE STATE UNIVERSITY.

Program Service Accomplishments

Program 1

Expenses: $32,852

THE ORGANIZATION PROVIDES RESIDENTIAL HOUSING FACILITIES FOR THE STUDENTS AND FACULTY OF FAYETTEVILLE STATE UNIVERSITY.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $675,438

Other Revenue $0

TOTAL REVENUE $675,438

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $32,852

Other Expenses $593,221

TOTAL EXPENSES $593,221

Year-over-Year Comparison

	2024	2023	Change
Revenue	$675,438	$696,937	0.0%
Expenses	$593,221	$608,850	0.0%
Net Income	$82,217	$88,087	-0.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$406,940

Total Directors

$883,154

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MR KENNETH SPAYD	CHAIR	1.00	Officer Director	$0	$0	$230,000
DR JUANETTE COUNCIL	VICE CHAIR	1.00	Officer Director	$0	$0	$176,940
MS ADRINA RUSSELL	DIRECTOR	1.00	Director	$0	$0	$107,504
MS WANDA JENKINS	DIRECTOR	1.00	Director	$0	$0	$226,611
MS LATOYA HARPER	DIRECTOR	1.00	Director	$0	$0	$0
MR GREGORY MOYD	DIRECTOR	1.00	Director	$0	$0	$142,099
MS JOYCE ADAMS	DIRECTOR	1.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$675,438	$593,221	$16,894,898	$82,217
2024	$696,937	$608,850	$17,504,903	$88,087
2023	$717,438	$619,583	$18,096,481	$97,855
2022	$748,427	$664,323	$18,665,374	$84,104
2021	$717,505	$1,164,554	$19,255,663	$-447,049
2020	$878,748	$900,087	$19,612,494	$-21,339
2020	$878,748	$900,087	$19,612,494	$-21,339
2019	$1,199,901	$912,343	$20,092,529	$287,558

FAYETTEVILLE STATE UNIVERSITY STUDENT HOUSING CORPORATION