2024-04-15T15:14:54-05:00 2023-05-31 390974031 WEGNER CPAS LLP 2921 LANDMARK PL STE 300 MADISON WI 537134236 990 2022-06-01 741648710 THE COLLEGE HOUSES COLL 5124765678 1906 PEARL ST AUSTIN TX 78705 KIMBERLY GARMANY INTERIM EXECUTIVE DIRECTOR 5124765678 2024-04-15 1 KIMBERLY GARMANY 999009999 0 BRUCE MAYER CPA P00187180 6082744020 2024-04-01 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z KIMBERLY GARMANY 1906 PEARL ST AUSTIN TX 78705 4719219 0 X COLLEGEHOUSES.ORG X 1965 TX TO MAINTAIN AN ENVIRONMENT AND ACTIVITIES CONDUCIVE TO FORMAL AND INFORMAL EDUCATION, WHERE SELF-DISCOVERY AND EXPOSURE TO VARIOUS VALUE SYSTEMS, ACADEMIC LEARNING, AND EXPERIENCE WITH MANAGEMENT AND FOOD OPERATIONS PROVIDE OPPORTUNITY FOR EDUCATIONAL AND PERSONAL GROWTH; OPERATE BY THE COOPERATIVE METHOD OF ORGANIZATION; APPLYING DEMOCRATIC PRINCIPLES TO ECONOMIC AND POLITICAL ACTIVITY AND REAPING THE BENEFITS OF SELF-CONTROL, SHARED COST, AND RESPECT FOR THE RIGHTS OF OTHERS; MAINTAIN SOUND PHYSICAL AND FINANCIAL STRUCTURES TO PERPETUATE THE ORGANIZATION; PROVIDE HOUSING TO STUDENTS; SHARE RESPONSIBILITY FOR MANAGING THE HOUSING BETWEEN MEMBERS AND STAFF. 23 22 19 500 12960 9860 26339 17863 3995786 4532368 4307 5627 135095 163361 4161527 4719219 161274 134426 0 0 575464 620977 0 0 0 3185981 3475677 3922719 4231080 238808 488139 14783573 14696209 12130260 11553189 2653313 3143020 X TO SERVE AS A TRANSFORMATIVE ENVIRONMENT THAT EMPOWERS STUDENTS THROUGH DEMOCRATIC, COOPERATIVE LIVING. WE PROVIDE AFFORDABLE HOUSING TO FOSTER COMMUNITY, SUPPORT EDUCATION, AND PROMOTE PERSONAL DEVELOPMENT AND WELL-BEING. 0 0 3679173 134426 4532368 COLLEGE HOUSES SUPPORTS ACCESS TO HIGHER EDUCATION FOR AUSTIN STUDENTS BY PROVIDING AFFORDABLE HOUSING, MEALS, AND OTHER EDUCATIONAL SERVICES, SUCH AS FREE ACCESS TO COMPUTERS AND PRINTERS, AND A DIVERSE ARRAY OF EDUCATIONAL PROGRAMS AND EVENTS. COLLEGE HOUSES PROVIDES ITS MEMBERS WITH UNIQUE OPPORTUNITIES TO DEVELOP SOCIALLY AND BECOME LEADERS IN THE AUSTIN COMMUNITY THROUGH PARTNERSHIPS WITH LOCAL NONPROFITS AND COOPERATIVE ORGANIZATIONS. ACHIEVING THIS LEVEL OF SERVICE WHILE REMAINING AFFORDABLE IS POSSIBLE THROUGH OUR DISTINCTIVE COOPERATIVE MODEL, WHICH LEVERAGES THE POWER OF COLLECTIVE BUYING AND FOUR HOURS PER WEEK OF MEMBER WORK EQUITY TO REDUCE COSTS. FOR OUR STUDENT MEMBERS, THE CO-OPS ARE A COMMUNITY OF FRIENDS, A PLACE WHERE HOUSING IS FAIR AND DEMOCRATIC, A PLACE TO LEARN AND GROW, AND A SUPPORTIVE HOME AWAY FROM HOME.THROUGHOUT OVER FIVE DECADES OF SERVICE, WE HAVE STRIVEN TO ACCOMPLISH THE GOAL ARTICULATED BY OUR MISSION STATEMENT: "TO SERVE AS A TRANSFORMATIVE EDUCATIONAL AND LIVING ENVIRONMENT THAT PROMOTES PERSONAL GROWTH AND WELL-BEING. TO PROVIDE AFFORDABLE STUDENT HOUSING THAT FOSTERS THE IDEALS OF COOPERATION, COMMUNITY, AND ECONOMIC INDEPENDENCE."THE ORIGINAL COLLEGE HOUSE WAS FORMED IN 1964 AS A STUDENT GOVERNMENT PROJECT, WITH HELP FROM A $5,000 SUSTAINING GRANT BY THE HOGG FOUNDATION. THE VISION BEHIND THE PROJECT WAS TO CREATE A HOUSING FACILITY FOR UNIVERSITY OF TEXAS (UT) STUDENTS THAT WAS AS VIBRANT AND STIMULATING AS THE DORMS OF A SMALL RESIDENTIAL COLLEGE. IN 1973, A HUD LOAN ALLOWED THE COLLEGE HOUSE TO PURCHASE ITS FIRST TWO BUILDINGS, AND THE INDEPENDENTLY REINCORPORATED "COLLEGE HOUSES" BEGAN USING A COOPERATIVE MODEL, WHICH CONTROLLED COSTS AND GAVE HOUSE MEMBERS DEMOCRATIC CONTROL OVER THEIR LIVING ENVIRONMENT. SINCE THEN, COLLEGE HOUSES HAS GROWN TREMENDOUSLY, SURVIVED AUSTIN'S VOLATILE REAL ESTATE MARKET, AND NOW OWNS AND OPERATES FIVE BUILDINGS OF 100% AFFORDABLE HOUSING UNITS NEAR THE UT CAMPUS.EACH SEMESTER, COLLEGE HOUSES PROVIDES HOUSING TO OVER 500 STUDENTS WHO ATTEND THE UNIVERSITY OF TEXAS AT AUSTIN, AUSTIN COMMUNITY COLLEGE, AND OTHER AREA SCHOOLS. ALL OF OUR HOUSING IS AFFORDABLE BELOW 50% MFI, WITH SOME DOUBLE-OCCUPANCY ROOMS AFFORDABLE BELOW 30% MFI. ACCORDING TO DATA FROM THE CITY OF AUSTIN, WE ARE ONE OF THE LARGEST PROVIDERS OF AFFORDABLE HOUSING IN THE UNIVERSITY OF TEXAS AREA. AS A COMMUNITY ORGANIZATION, COLLEGE HOUSES STRIVES TO ENCOURAGE DIVERSITY IN ITS MEMBERSHIP, AND TO PROVIDE ITS SERVICES TO THE STUDENTS WHO NEED THEM MOST.COLLEGE HOUSES CO-OPS ARE MORE THAN AN AFFORDABLE PLACE TO LIVE, EAT AND STUDY - OUR HOUSES ARE EDUCATIONAL COMMUNITIES. WE PROVIDE A PLETHORA OF BOTH FORMAL AND INFORMAL OPPORTUNITIES FOR MEMBERS TO HONE THEIR SKILLS AND BROADEN THEIR EXPERIENCE. FOR EXAMPLE, SOME MEMBERS MAY START OFF ON A TEAM THAT COOKS HOUSE MEALS, AND PROGRESS TO THE ROLE OF HEAD COOK, WHERE THEY WILL MANAGE PEERS IN ONE OF OUR COMMERCIAL KITCHENS. FROM THERE THEY MIGHT RUN FOR ELECTION TO SERVE AS THEIR HOUSE KITCHEN MANAGER OR FOOD BUYER, WHERE THEY WILL MASTER PLANNING, FINANCIAL, AND LEADERSHIP SKILLS WITH HELP FROM STAFF. ANOTHER MEMBER MAY GET ESPECIALLY INTERESTED IN HOUSE MEETINGS AND BECOME A MEETING CHAIR, WHERE THEY WILL LEARN PROCEDURES AND TECHNIQUES THAT WILL ALLOW THEM TO LEAD OTHERS TO MAKE COLLECTIVE DECISIONS. THERE ARE MANY WAYS STUDENTS CAN LEARN AND GROW IN OUR CO-OP COMMUNITIES, AND WE FREQUENTLY HEAR FEEDBACK THAT MEMBERS GAIN SKILLS IN THE CO-OPS THAT SET THEM APART IN THEIR FUTURE CAREERS.COLLEGE HOUSES IS COMMITTED TO BUILDING ON OUR STRONG FOUNDATIONS AND LONG HISTORY IN ORDER TO EXPAND AND IMPROVE OUR SERVICES. AS AUSTIN CONTINUES TO BECOME A MORE POPULOUS AND EXPENSIVE CITY, IT'S MORE IMPORTANT THAN EVER TO PRESERVE AND EXPAND OUR AFFORDABLE HOUSING, INNOVATE NEW PROGRAMS, AND WORK WITH PARTNER ORGANIZATIONS TO ACHIEVE OUR VISION FOR A BETTER COMMUNITY. 3679173 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 15 0 19 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 23 22 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 0 0 X TERRIE CORDOVA 5124765678 1906 PEARL ST AUSTIN TX 78705 PATRICK VINCENT MAO CHAIR (THRU JULY) 4.00 X X 0 0 0 VERONICA KING CHAIR (FROM AUGUST) 4.00 X X 0 0 0 ALORAH BEERS TREASURER (THRU APRIL) 4.00 X X 0 0 0 PETER BRETON SECRETARY (FROM SEPTEMBER) 4.00 X X 0 0 0 TREVOR RASPBERRY DIRECTOR 4.00 X 0 0 0 SARAH O'MALLEY GRAHAM DIRECTOR (FROM SEPTEMBER) 4.00 X 0 0 0 MEMO CHAVEZ DIRECTOR (FROM SEPTEMBER) 4.00 X 0 0 0 ANTONIO MELTON-MOLINA DIRECTOR (FROM SEPTEMBER) 4.00 X 0 0 0 JOSEPH YEH DIRECTOR (FROM SEPTEMBER) 4.00 X 0 0 0 KANDICE KAILER COMMUNITY BOARD REP (FROM SEPT) 4.00 X 0 0 0 CAMERON DASGUPTA DIRECTOR 4.00 X 0 0 0 FRANCIE FRANCES ZENNER DIRECTOR 4.00 X 0 0 0 HALEY COLE DIRECTOR (FROM SEPTEMBER) 4.00 X 0 0 0 JAMES GILLARD DIRECTOR 4.00 X 0 0 0 JOSH ARENAS DIRECTOR (FROM SEPTEMBER) 4.00 X 2170 0 0 CHRIS COPLIN DIRECTOR 4.00 X 0 0 0 ELYSSA SEFIANE DIRECTOR 4.00 X 0 0 0 FRANKIE MARY SHANKS DIRECTOR (FROM SEPTEMBER) 4.00 X 0 0 0 TALIESIN RAMOS DIRECTOR (FROM SEPTEMBER) 4.00 X 0 0 0 DIA DIAMANTE DIAZ DIRECTOR 4.00 X 0 0 0 RICHARD MARTIN COMMUNITY BOARD REP (FROM SEPT) 4.00 X 0 0 0 JAXSON SHEALY DIRECTOR (FROM SEPTEMBER) 4.00 X 0 0 0 FOREST MILLER COMMUNITY BOARD REP (FROM SEPT) 4.00 X 0 0 0 RACHEL BARRERA DIRECTOR 4.00 X 0 0 0 AARON PHILLIP SCHERZ DIRECTOR 4.00 X 0 0 0 RICK YBARRA EXECUTIVE DIRECTOR 40.00 X 65160 0 7617 67330 0 7617 0 0 0 0 0 17863 17863 ROOM RENTALS 531110 4250556 4250556 MEMBER CHARGES AND DUE 531390 281812 281812 4532368 5627 5627 PARKING SPACES 812930 12960 12960 150401 150401 163361 4719219 4532368 12960 156028 134426 134426 118281 79248 39033 399418 267610 131808 58212 39002 19210 45066 30194 14872 72826 72826 13400 13400 137490 137490 5163 5163 144454 53832 90622 1217887 1217887 32646 32646 426759 426759 517706 517706 328401 328401 FOOD EXPENSE 565544 565544 BAD DEBT EXPENSE 7851 7851 MEMBERSHIP DUES 5550 5550 4231080 3679173 551907 0 1010810 1305373 452747 457110 10252 28706 55319 69129 25347775 12952028 12816282 12395747 92228 93796 345935 346348 14783573 14696209 152262 173089 77539 74834 9627000 9049850 1995609 1793349 277850 462067 12130260 11553189 X 2637331 3119477 15982 23543 2653313 3143020 14783573 14696209 488139 1568 0 X 0 1 X 1 0 X 20126 31558 404938 26339 17863 500824 20126 31558 404938 26339 17863 500824 8542 492282 8633 5243 6888 4307 5627 30698 3041 8604 8885 10000 10860 41390 572912 18849907 0.85930 0.87560 X 718076 718076 24422272 12890585 11531687 207427 61443 145984 12395747 MEMBER DEPOSITS 321650 SBA EIDL LOAN 140417 462067 4718627 1568 1568 4717059 2160 2160 4719219 4228920 0 4228920 2160 2160 4231080 PART XI, LINE 4B - OTHER ADJUSTMENTS: PARKING REVENUE RECLASS 2,160. PART XII, LINE 4B - OTHER ADJUSTMENTS: PARKING REVENUE RECLASS 2,160. 1 SCHOLARSHIPS 100 134426 PART I, LINE 2: ONCE GRANT FUNDS ARE DISBURSED, THE ORGANIZATION DOES NOT HAVE ANY PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS. A CAPITAL AREA CULTURAL EDUCATIONAL 202644555 2012-05-01 13605000 REFINANCE AFFORDABLE STUDENT HOUSING 0 0 0 A 4555150 13605000 245174 13359826 2012 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 0 1 1 WELLS FARGO BANK NA 10.000000000000 0 1 0 0 0 A 0 FORM 990, PART VI, SECTION A, LINE 6 MEMBERS INCLUDE RESIDENT AND ASSOCIATE MEMBERS OF HOUSES OWNED BY THE ORGANIZATION. CLASS A MEMBERS INCLUDE RESIDENT AND ASSOCIATE MEMBERS OF HOUSES OWNED BY THE ORGANIZATION AND WILL HAVE FULL VOTING POWER. CLASS B MEMBRS INCLUDE EDUCATIONAL, SOCIAL, AND HONORARY MEMBERS, DEFINED BY THE BOARD OF DIRECTORS, AS WELL AS MEMBERS NO LONGER RESIDENT AND ASSOCIATE. CLASS B MEMBERS ARE MEMBERS OF THE ORGANIZATION ONLY, AND SHALL HAVE RIGHTS SPECIFIED BY THE BOARD OF DIRECTORS, SUBJECT TO RULES AND LIMITATIONS ADOPTED BY THE GENERAL MEMBERSHIP. FORM 990, PART VI, SECTION A, LINE 7A VOTING MEMBERS ELECT THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B THE ORGANIZATION'S BYLAWS MAY BE AMENDED BY THE AFFIRMATIVE VOTE OF THE MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B THE IRS FORM 990 IS REVIEWED BY THE FINANCE COMMITTEE OF THE BOARD OF DIRECTORS AND BY THE CHAIR OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS AND EMPLOYEES RECEIVE ANNUAL TRAINING ABOUT THE CONFLICT OF INTEREST POLICY. IF A MEMBER OF COLLEGE HOUSES BOARD OF DIRECTORS HAS A SUBSTANTIAL INTEREST IN A BUSINESS ENTITY THAT WOULD BE PECUNIARY AFFECTED BY AN OFFICIAL ACTION TAKEN BY THE BOARD, THE MEMBER MUST, BEFORE ANY DISCUSSION ON THE MATTER, OPENLY DECLARE TO THE BOARD THE NATURE AND EXTENT OF THE INTEREST, AND SHALL FURTHERMORE ABSTAIN FROM ALL DISCUSSION AND VOTING ON THE MATTER. THIS DECLARATION SHOULD BE RECORDED IN THE OFFICIAL MINUTES. FORM 990, PART VI, SECTION B, LINE 15A THE POLICY COMMITTEE OF THE BOARD OF DIRECTORS SEEKS OUTSIDE OPINION AND REVIEWS DATA ABOUT COMPARABLE POSITIONS WHEN DETERMINING SALARIES. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICIES, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO ANYONE THAT REQUESTS THE INFORMATION.