2022-11-15T12:29:55-05:00 2021-12-31 473172584 J BROCKLEHURST CPA PLLC 3900 WESTERRE PARKWAY SUITE 300 RICHMOND VA 23233 990 2021-01-01 201612906 LONGWOOD UNIVERSITY REAL ESTATE FOUNDATION LONG 4343952086 315 WEST THIRD STREET FARMVILLE VA 23901 LOUISE W WALLER EXECUTIVE DIRECTOR 4343952086 2022-11-15 true LOUISE W WALLER 999009999 JANET L BROCKLEHURST P00449539 8047270120 2022-11-15 2021 2022-09-23 18:48:47Z LOUISE W WALLER 315 WEST THIRD STREET FARMVILLE VA 23901 32230390 false X WWW.LONGWOOD.EDU/REALESTATEFOUNDATION X 2004 VA THE MISSION OF THE FOUNDATION IS TO ACQUIRE, DEVELOP, FINANCE, LEASE, HOLD, OPERATE, MANAGE AND DISPOSE OF REAL PROPERTY ASSETS AND INTERESTS FOR LONGWOOD UNIVERSITY. 12 4 11 44841 7195902 6533686 21972817 25298175 472413 34305 5540 44841 29646672 31911007 3685673 1531500 0 347112 348241 0 0 22543444 28560293 26576229 30440034 3070443 1470973 272226716 322438396 294195430 342936137 -21968714 -20497741 THE MISSION OF THE FOUNDATION IS TO ACQUIRE, DEVELOP, FINANCE, LEASE, HOLD, OPERATE, MANAGE AND DISPOSE OF REAL PROPERTY ASSETS AND INTERESTS FOR LONGWOOD UNIVERSITY. false false 30191155 1531500 25298175 ALL PROGRAM ACTIVITIES RELATE TO THE ACQUISITION, DEVELOPMENT, FINANCING, LEASING, HOLDING, OPERATING, MANAGEMENT AND DISPOSAL OF REAL PROPERTY ASSETS AND INTERESTS OF LONGWOOD UNIVERSITY. 30191155 true true false false false false false false false false true false false true true false true true false false false false false false false false false true false false true false false false false false false false false false false false false false false true true false false false true 38 0 11 true true true false false false false false false false false false false false false false X 12 4 false false false false false false false true true false false false true false false false false true true false VA X LOUISE W WALLER 4343952358 315 WEST THIRD STREET FARMVILLE VA 23901 LOUISE W WALLER EXECUTIVE DI 40.00 X X 94345 0 22583 TROY S AUSTIN DIRECTOR 1.00 X 0 0 0 TIM J PIERSON PH D DIRECTOR 1.00 X 0 0 0 WILLIAM FIEGE DIRECTOR 1.00 X 0 0 0 COURTNEY HODGES DIRECTOR 1.00 X 0 0 0 GREGORY F FAWCETT II DIRECTOR 1.00 X 0 0 0 JOHN W DANIEL II PRESIDENT 2.00 X X 0 0 0 W TAYLOR REVELEY IV DIRECTOR 1.00 X 0 0 0 E DUFFY MYRTETUS DIRECTOR 1.00 X 0 0 0 SHERRY SWINSON DIRECTOR 1.00 X 0 0 0 HUNTER WATSON DIRECTOR 1.00 X 0 0 0 SHERRI MOORE SECRETARY 1.00 X 0 0 0 94345 22583 false false false 6533686 6533686 RENT 531110 25107001 25107001 PARKING 531190 123095 123095 OTHER PROGRAM REVENUE 531390 68079 68079 25298175 19405 19405 364224 319383 44841 44841 44841 14900 14900 14900 14900 31911007 25313075 44841 19405 1531500 1531500 116928 105235 11693 185915 152511 33404 39080 23506 15574 6318 6318 5457 3596 1861 61071 61071 259185 198128 61057 57346 57346 5702055 5702055 2284 2284 13339979 13339979 6875236 6875236 459793 455204 4589 FACILITY MANAGEMENT COSTS 1717307 1717307 WALK TO CAMPUS COSTS 39233 39233 OTHER PROGRAM EXP 35952 35952 B&B OPERATING COSTS 5217 5217 178 178 30440034 30191155 248879 0 23105063 13366011 134728 132650 137456 140536 246226124 50722878 184298555 195503246 64550914 113295953 272226716 322438396 9872620 10986143 242535000 292435000 36850438 36332692 1025451 973815 3911921 2208487 294195430 342936137 X -32832503 -37113303 10863789 16615562 -21968714 -20497741 272226716 322438396 X 1470973 X false true X true false X X 1 LONGWOOD UNIVERSITY 546001788 6 true 1500000 0 1 1500000 0 true false false false false false false false false false false false false false false false PART IV, SECTION C, LINE 1 THE REAL ESTATE FOUNDATION BOARD OF DIRECTORS IS APPOINTED BY LONGWOOD UNIVERSITY BOARD OF VISITORS AND INCLUDES 4 EX-OFFICIO DIRECTORS THAT HOLD OFFICIAL POSITIONS AT THE UNIVERSITY. SUPPLEMENTAL INFORMATION THE FOUNDATION PROVIDES LEASING OF STUDENT HOUSING AND OTHER STUDENT RELATED FACILITIES TO LONGWOOD UNIVERSITY (THE SUPPORTED ORGANIZATION) AND SUPPORTS GENERAL REAL ESTATE AND PROPERTY MANAGEMENT FOR THE UNIVERSITY. IN ADDITION TO ANY MONETARY SUPPORT, THE FOUNDATION PROVIDES ACCESS TO THE FACILITIES UNDER LEASE AGREEMENTS, AND PAYS MANAGEMENT AND OTHER ANCILLARY SERVICE FEES TO THE UNIVERSITY. SEE SCHEDULE R. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 17129278 17129278 190031792 39060236 150971556 6588084 4332710 2255374 32476970 7329932 25147038 195503246 RESTRICTED DEPOSITS AND RESERVES 87120286 RIGHT OF USE ASSET - LAND LEASE 22129623 DUE FROM LONGWOOD 3778429 OTHER RECEIVABLE 267615 113295953 BOND DISCOUNT & PREMIUM 9185581 SECURITY DEPOSITS 12229 LOAN COSTS -6989323 2208487 32228787 32228787 -317780 -317780 31911007 30757814 317780 317780 30440034 30440034 SCHEDULE D, PAGE 4, PART XI, LINE 4B RENTAL EXPENSE OFFSETTING INCOME -317,780 SCHEDULE D, PAGE 4, PART XII, LINE 2D RENTAL EXPENSES 317,780 true LONGWOOD UNIVERSITY 201 HIGH STREET FARMVILLE VA 23909 546001788 GOV 1500000 GENERAL SUPPORT PRINCE EDWARD CO VOL RESCUE SQUAD 500 DOSWELL STREET FARMVILLE VA 23901 237013291 501C3 30000 GENERAL OPERATIONS 2 1 SCHEDULE I, PAGE 1, PART I, LINE 2 GRANTS TO LONGWOOD UNIVERSITY ARE COORDINATED WITH UNIVERSITY PERSONNEL AND EITHER REIMBURSEMENT IN NATURE OR GENERAL SUPPORT FOR UNIVERSITY OPERATIONS WITH NO CONTINUING NEED TO MONITOR USE OF FUNDS. GRANTS TO ORGANIZATIONS OUTSIDE THE UNIVERSITY ARE TYPICALLY SPECIAL IN NATURE AND USE OF FUNDS HAVE BEEN AGREED TO FOR A SPECIAL PURPOSE PRIOR TO DISBURSEMENT OF FUNDS. A IDA OF TOWN OF FARMVILLE VA 2018A EDUC FAC REV AND REFUNDING BDS2018 546001272 311617AS3 2018-12-20 120910000 TO REFUND SERIES 2015 BONDS, FINANCE ANY RESERVES, AND PAY COST OF ISSUANCE REQUIRED UNDER THE 2018 false false false B IDA OF TOWN OF FARMVILLE VA 2020A EDUC FAC REV AND REF BONDS2020A 546001272 311617BC7 2020-06-25 121625000 THE REFUNDING OF SERIES 2017 BONDS, ACQUISITION OF LEASEHOLD INTEREST, AND REFINANCING OF DEBT. false false false C IDA OF TOWN OF FARMVILLE VA 2021 EDUC FAC REV AND REF BONDS2021 546001272 311617BE3 2021-03-29 49900000 FINANCING THE CONSTRUCTION AND EQUIPPING OF A MULTIPURPOSE SPECIAL EVENTS AND CONVOCATION CENTER FAC false false false A 126101846 9639204 2290998 120835305 2017 true false true true B 126771074 13536840 2683234 25032350 109698322 2020 true false true true C 49900000 31590001 7608145 998000 9018422 685432 false false true true A false false false false false false true B false false false false false false true C false false false false false false true A false true false false false false true SOCIETEGENERALE 18.000000000000 true false true B false true false false false false true TD BANK 24.000000000000 true false true C false true false false false false false false false A true B true C true PURPOSE OF ISSUE DESCRIPTION IDA OF TOWN OF FARMVILLE, VA 2018A TO REFUND SERIES 2015 BONDS, FINANCE ANY RESERVES, AND PAY COST OF ISSUANCE REQUIRED UNDER THE 2018 FINANCING. PURPOSE OF ISSUE DESCRIPTION IDA OF TOWN OF FARMVILLE, VA 2020A THE REFUNDING OF SERIES 2017 BONDS, ACQUISITION OF LEASEHOLD INTEREST, AND REFINANCING OF DEBT. PURPOSE OF ISSUE DESCRIPTION IDA OF TOWN OF FARMVILLE, VA 2021 FINANCING THE CONSTRUCTION AND EQUIPPING OF A MULTIPURPOSE SPECIAL EVENTS AND CONVOCATION CENTER FACILITY. FORM 990, PAGE 6, PART VI, LINE 11B A DRAFT COPY OF THE 990 IS GIVEN TO THE EXECUTIVE DIRECTOR AND THE BOARD MEMBERS FOR A PERIOD OF TIME FOR CHANGES BEFORE THE 990 IS FILED. THE FINAL FORM 990 IS PRESENTED AT THE PRECEEDING BOARD OF TRUSTEES MEETING AND ALL BOARD MEMBERS ARE PROVIDED A COPY TO REVIEW AND ASK QUESTIONS. FORM 990, PAGE 6, PART VI, LINE 15A SALARIES ARE APPROVED BY LONGWOOD UNIVERSITY. FORM 990, PAGE 6, PART VI, LINE 15B ALL SALARIES ARE APPROVED BY LONGWOOD UNIVERSITY FORM 990, PAGE 6, PART VI, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENT AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9 RENTAL EXPENSE OFFSETTING INCOME 317,780 RENTAL EXPENSES -317,780 DEFEASEMENT OF DEBT 0 TERMINATION OF INTEREST DERIVATIVES 0 LONGWOOD HOUSING FOUNDATION LLC 315 WEST THIRD STREET FARMVILLE VA 23901 HOUSING VA 23843464 221707199 NA LONGWOOD WOODLAND POND HOUSING FOUNDATION LLC 315 WEST THIRD STREET FARMVILLE VA 23901 HOUSING VA 188467 2613575 NA LONGWOOD WOODLAND POND DEVELOPMENT FOUNDATION LLC 315 WEST THIRD STREET FARMVILLE VA 23901 LAND VA NA LONGWOOD MIDTOWN CRE LLC 315 WEST THIRD STREET FARMVILLE VA 23901 RENTAL VA 715946 7065536 NA LONGWOOD RIVERVIEW LLC 315 WEST THIRD STREET FARMVILLE VA 23901 REAL PROP VA 28 7046185 NA LONGWOOD ELWOOD LLC 315 WEST THIRD STREET FARMVILLE VA 23901 RE DEVLPMT VA 5395735 67350656 N/A LONGWOOD UNIVERSITY 201 HIGH STREET FARMVILLE VA 23909 546001788 HIGHER ED VA STATE 6 NA false false false false false false false false false false false false false false false false false false false false