2020-11-16T11:43:06-06:00 2019-12-31 473172584 J BROCKLEHURST CPA PLLC 3900 WESTERRE PARKWAY SUITE 300 RICHMOND VA 23233 990 2019-01-01 201612906 LONGWOOD UNIVERSITY REAL ESTATE FOUNDATION LONG 4343952086 315 WEST THIRD STREET FARMVILLE VA 23901 LOUISE W WALLER EXECUTIVE DIRECTOR 4343952086 2020-11-15 true JANET L BROCKLEHURST P00449539 8047270120 2020-11-16 52.38.98.93 2020-11-16 11:43:06 CS P 6A52C095D8B4B017D3609BB30518E4E71A251BF3 5B1DF1B393337F8311E2423C308B6A7AC492A34D 2019 2021-01-29 14:40:06Z LOUISE W WALLER 315 WEST THIRD STREET FARMVILLE VA 23901 22627612 false X 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. 11 4 9 -11083 3907709 13867528 16672943 1800863 1643594 -38760 -11083 15629631 22213163 2864071 2470444 0 204593 284376 0 0 13077342 18519424 16146006 21274244 -516375 938919 350893618 243760552 368836731 258422789 -17943113 -14662237 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 20922454 2470444 16672943 ALL PROGRAM ACTIVITIES RELATE TO THE ACQUISITION, DEVELOPMENT, FINANCING, LEASING, HOLDING, OPERATING, MANAGEMENT AND DISPOSAL OF REAL PROPERTY ASSETS AND INTERESTS OF LONGWOOD UNIVERSITY. 20922454 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 9 true true true false false false false false false false false false false false false false X 11 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 0 110225 22852 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 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 BILL WALSH PRESIDENT 1.00 X X 0 0 0 DR HELEN P WARRINER-BURKE DIRECTOR 1.00 X 0 0 0 HUNTER WATSON DIRECTOR 1.00 X 0 0 0 110225 22852 false false false 3907709 3907709 RENT 531110 16501169 16501169 PARKING 531190 130535 130535 STUDENT DAMAGES 531390 31182 31182 OTHER PROGRAM REVENUE 531390 10057 10057 16672943 1666012 1666012 340848 351931 -11083 -11083 -11083 40100 62518 -22418 -22418 -22418 22213163 16650525 -11083 1666012 2470444 2470444 119769 107792 11977 124335 97626 26709 36222 23913 12309 4050 4050 20678 18978 1700 51386 51386 218438 93295 125143 137949 15672 122277 3635752 3635752 289 289 8301228 8301228 4856602 4856602 280860 280860 FACILITY MANAGEMENT COSTS 814300 814300 DESIGN COSTS-OTHER PROP 84368 84368 HOTEL PROGRAM COSTS 57444 57444 WALK TO CAMPUS COSTS 34399 34399 25731 25731 21274244 20922454 351790 0 4234172 11232347 296882 293053 75200 452345 203184309 37512143 128931696 165672166 217355668 66110641 350893618 243760552 9404902 9875066 324320000 215410000 31178693 30558981 1113405 1073231 2819731 1505511 368836731 258422789 X -17943113 -18523165 3860928 -17943113 -14662237 350893618 243760552 X 938919 2341957 X false true X true false X X 1 LONGWOOD UNIVERSITY 546001788 6 true 2470444 0 1 2470444 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 148986051 28163918 120822133 5458124 3455961 2002163 31610856 5892264 25718592 165672166 RESTRICTED DEPOSITS AND RESERVES 62598762 DUE FROM LONGWOOD 2622935 ACCRUED INTEREST RECEIVABLE 758735 INTEREST DERIVATIVES 83359 OTHER RECEIVABLE 46850 66110641 BOND DISCOUNT & PREMIUM 4967341 SECURITY DEPOSITS 12229 LOAN COSTS -3474059 1505511 24907051 2341957 2341957 22565094 -351931 -351931 22213163 21626175 351931 351931 21274244 21274244 SCHEDULE D, PAGE 4, PART XI, LINE 2D UNREALIZED GAIN/LOSS ON SWAP 2,341,957 SCHEDULE D, PAGE 4, PART XI, LINE 4B RENTAL EXPENSE OFFSETTING INCOME -351,931 SCHEDULE D, PAGE 4, PART XII, LINE 2D RENTAL EXPENSES 351,931 true LONGWOOD UNIVERSITY 201 HIGH STREET FARMVILLE VA 23909 546001788 GOV 2470444 GENERAL SUPPORT 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 EDUC FAC REV AND REFUNDING BDS 201 546001272 311617AF1 2017-12-12 94500000 RENOVATION OF STUDENT HOUSING false false false B IDA OF TOWN OF FARMVILLE VA EDUC FAC REV AND REFUNDING BDS2018 546001272 311617XXX 2018-12-20 120910000 TO REFUND SERIES 2015 BONDS, FINANCE ANY RESERVES, AND PAY COST OF ISSUANCE REQUIRED UNDER THE 2018 false false false A 94500000 7513857 6786609 1200000 50640598 28358936 false false true true B 126101847 11693375 2290998 2017 true false true true A false false false false false false true B false false false false false false true A false false false true false false true DEUTSCHE BANK 2.500000000000 true false true B false true false false false false false false true A false B false PURPOSE OF ISSUE DESCRIPTION IDA OF TOWN OF FARMVILLE, VA RENOVATION OF STUDENT HOUSING PURPOSE OF ISSUE DESCRIPTION IDA OF TOWN OF FARMVILLE, VA TO REFUND SERIES 2015 BONDS, FINANCE ANY RESERVES, AND PAY COST OF ISSUANCE REQUIRED UNDER THE 2018 FINANCING. DATE REBATE COMPUTATION PERFORMED IDA OF TOWN OF FARMVILLE, VA 12/12/19 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 UNREALIZED GAIN/LOSS ON SWAP 2,341,957 LONGWOOD HOUSING FOUNDATION LLC 315 WEST THIRD STREET FARMVILLE VA 23901 HOUSING VA 16555601 201676446 NA LONGWOOD WOODLAND POND HOUSING FOUNDATION LLC 315 WEST THIRD STREET FARMVILLE VA 23901 HOUSING VA 145947 2549894 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 692654 8066681 NA LONGWOOD RIVERVIEW LLC 315 WEST THIRD STREET FARMVILLE VA 23901 REAL PROP VA 236596 7171173 NA LONGWOOD ELWOOD LLC 315 WEST THIRD STREET FARMVILLE VA 23901 RE DEVLPMT VA 2916667 3348835 N/A LONGWOOD UNIVERSITY 201 HIGH STREET FARMVILLE VA 23909 546001788 HIGHER ED VA STATE 6 NA false false true false false false false false false false true false true true false true true true false false