DAYTONA STATE COLLEGE HOUSING CORP… - 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

2019

Legal Domicile

Principal Officer

GARRY LUBI

Phone

3865063611

Tax Period

2024-07-01 to 2025-06-30

DAYTONA STATE COLLEGE HOUSING CORPORATION, founded in 2019, is a community nonprofit in the Education sector that reported $1.9M in total revenue in fiscal year 2024. The organization ran a surplus of $723K, a strong 39% operating margin.

Mission

TO PROVIDE DIRECT SUPPORT TO THE COLLEGE BY PROVIDING STUDENT HOUSING FACILITIES AND RELATED FACILITIES AND INFRASTRUCTURE ON THE VARIOUS CAMPUSES OF THE COLLEGE TO SUPPORT EXPANSION OF STUDENT LIFE PROGRAMMING.

Program Service Accomplishments

Program 1

Expenses: $992,221 Revenue: $1,806,359

THE ORGANIZATION PROVIDES DIRECT SUPPORT TO DAYTONA STATE COLLEGE BY PROVIDING STUDENT HOUSING FACILITIES AND RELATED FACILITIES AND INFRASTRUCTURE ON ITS VARIOUS CAMPUSES IN ORDER TO SUPPORT...

THE ORGANIZATION PROVIDES DIRECT SUPPORT TO DAYTONA STATE COLLEGE BY PROVIDING STUDENT HOUSING FACILITIES AND RELATED FACILITIES AND INFRASTRUCTURE ON ITS VARIOUS CAMPUSES IN ORDER TO SUPPORT EXPANSION OF STUDENT LIFE PROGRAMMING.

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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 $1,806,359

Investment Income $59,281

Other Revenue $11,238

TOTAL REVENUE $1,876,878

Expense Breakdown

Grants Paid $0

Salaries & Benefits $137,608

Fundraising Expenses $0

Program Expenses $992,221

Other Expenses $1,016,457

TOTAL EXPENSES $1,154,065

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,876,878	$1,767,074	+0.1%
Expenses	$1,154,065	$1,082,657	+0.1%
Net Income	$722,813	$684,417	+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

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

$1,118,809

Total Directors

$174,983

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIK D'AQUINO	SECRETARY	2.00	Officer Director	$0	$37,059	$174,983
GARRY LUBI	CHAIR	1.00	Officer Director	$0	$0	$0
JULIE HEWITT	VICE CHAIR	1.00	Officer Director	$0	$0	$0
THOMAS LOBASSO	PRESIDENT	1.00	Officer	$0	$160,616	$614,187
MARTIN CASS	CFO	1.00	Officer	$0	$61,327	$209,257
KRISTEN HANSON	VICE PRESIDENT	2.00	Officer	$4,934	$21,699	$120,382
CERESE RAMOS	DEAN OF STUDENT DEVELOPMEN	6.00	Highest	$12,079	$58,524	$179,310

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	$1,876,878	$1,154,065	$16,731,341	$722,813
2024	$1,767,074	$1,082,657	$16,568,430	$684,417
2023	$1,605,521	$1,129,835	$16,486,084	$475,686
2022	$41,322	$698,816	$16,720,048	$-657,494
2021	$1,213,368	$135,722	$19,271,496	$1,077,646
2020	$2,923,827	$17,247	$2,906,580	$2,906,580

DAYTONA STATE COLLEGE HOUSING CORPORATION