2019-11-14T10:11:09-06:00 2018-12-31 473172584 J BROCKLEHURST CPA PLLC 3900 WESTERRE PARKWAY SUITE 300 RICHMOND VA 23233 990 2018-01-01 201612906 LONGWOOD UNIVERSITY REAL ESTATE FOUNDATION LONG 4343952086 315 WEST THIRD STREET FARMVILLE VA 23901 LOUISE W WALLER EXECUTIVE DIRECTOR 4343952086 2019-11-13 true JANET L BROCKLEHURST P00449539 8047270120 2019-11-13 52.38.98.93 2019-11-14 10:11:09 CS P DB0FBEEF7EEEA80663D85D339B0F12A6D73025F3 A3422457154612C89F6C02CC1B529F57CDF93D9E 2018 2020-01-14 16:20:31Z LOUISE W WALLER 315 WEST THIRD STREET FARMVILLE VA 23901 16163735 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. 12 4 12 -39100 0 12727018 13867528 47356 1800863 -203933 -38760 12570441 15629631 2864071 0 198939 204593 0 0 12935418 13077342 13134357 16146006 -563916 -516375 219514375 350893618 235368728 368836731 -15854353 -17943113 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 15742863 2864071 13867868 ALL PROGRAM ACTIVITIES RELATE TO THE ACQUISITION, DEVELOPMENT, FINANCING, LEASING, HOLDING, OPERATING, MANAGEMENT AND DISPOSAL OF REAL PROPERTY ASSETS AND INTERESTS OF LONGWOOD UNIVERSITY. 15742863 true false 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 12 true true true 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 true true false false false false true true false VA X LOUISE W WALLER 4343952358 315 WEST THIRD STREET FARMVILLE VA 23901 BILL WALSH PRESIDENT 5.00 X X 0 0 0 W TAYLOR REVELEY IV DIRECTOR 2.00 X 0 0 0 GREGORY F FAWCETT II DIRECTOR 2.00 X 0 0 0 E DUFFY MYRTETUS DIRECTOR 2.00 X 0 0 0 HUNTER WATSON DIRECTOR 1.00 X 0 0 0 TIM J PIERSON PH D DIRECTOR 1.00 X 0 0 0 DR HELEN P WARRINER-BURKE DIRECTOR 1.00 X 0 0 0 SHERRY SWINSON DIRECTOR 1.00 X 0 0 0 STEVEN P GOULD 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 LOUISE W WALLER EXECUTIVE DI 20.00 20.00 X 0 100008 16476 100008 16476 false false false RENT 531110 13682022 13682022 PARKING 531190 138817 138817 STUDENT DAMAGES 531390 32516 32516 OTHER PROGRAM REVENUE 531390 14173 14173 13867528 1798538 1798538 338329 377429 -39100 -39100 -39100 159000 156675 2325 2325 2325 LATE FEE REVENUE 340 340 340 15629631 13869853 -39100 1798878 2864071 2864071 104835 94351 10484 63869 42826 21043 24510 16655 7855 11379 9179 2200 11510 9960 1550 74375 74375 214425 20785 193640 117173 25954 91219 3083636 3083636 3758543 3758543 4457718 4457718 258602 258602 FACILITY MANAGEMENT COSTS 780649 780649 DESIGN COSTS-OTHER PROP 210790 210790 WALK TO CAMPUS COSTS 48786 48786 HOTEL PROGRAM COSTS 40269 40269 20866 20089 777 16146006 15742863 403143 0 3701503 4234172 302946 296882 77755 75200 161458343 32526647 114861438 128931696 100570733 217355668 219514375 350893618 4681881 9404902 204010000 331835000 24431496 23663693 1078647 1113405 1166704 2819731 235368728 368836731 X -15854353 -17943113 -15854353 -17943113 219514375 350893618 X -516375 -1572385 X false true X true false X X 1 LONGWOOD UNIVERSITY 546001788 6 true 2714071 0 1 2714071 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. 17171797 17171797 108179336 108179336 4576824 4576824 31530386 32526647 -996261 128931696 RESTRICTED DEPOSITS AND RESERVES 213822397 ACCRUED INTEREST RECEIVABLE 2421898 OTHER RECEIVABLE 732891 DUE FROM LONGWOOD 378482 217355668 BOND DISCOUNT & PREMIUM 5100382 INTEREST RATE SWAP VALUATION 2258598 SECURITY DEPOSITS 12229 LOAN COSTS -4551478 2819731 14434675 -1572385 -1572385 16007060 -377429 -377429 15629631 16523435 377429 377429 16146006 16146006 SCHEDULE D, PAGE 4, PART XI, LINE 2D UNREALIZED GAIN/LOSS ON SWAP -1,572,385 SCHEDULE D, PAGE 4, PART XI, LINE 4B RENTAL EXPENSE OFFSETTING INCOME -377,429 SCHEDULE D, PAGE 4, PART XII, LINE 2D RENTAL EXPENSES 377,429 true LONGWOOD UNIVERSITY 201 HIGH STREET FARMVILLE VA 23909 546001788 GOV 2714071 GENERAL SUPPORT TOWN OF FARMVILLE 116 NORTH MAIN STREET FARMVILLE VA 23901 GOV 150000 FIRE TRUCK 2 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 311617AE4 2015-05-28 110610000 REFUNDING OF SERIES 2012 BONDS AND FINANCING CONSTRUCTION OF ARC QUAD true false false B 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 C 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 false false false D IDA OF TOWN OF FARMVILLE VA EDUC FAC REV AND REFUNDING BDS2018 546001272 311617XXX 2018-12-20 7515000 TO REFUND SERIES 2015 BONDS, FINANCE ANY RESERVES, AND PAY COST OF ISSUANCE false false false A 110610000 5500000 1405118 1124579 16732000 85848303 2017 true false true true B 94500000 11884482 2415984 1200000 18444537 60554997 false false true true C 126101847 1617542 108910000 2290998 13283307 true false true true D 7423535 3473458 229182 2728890 992005 false false false false A false false false false false false true B false false false false false false true C false false false false false false true D false false false false false false true A false false false true false false true SOCIETEGENERALE 7.000000000000 true false true B false false false true false false true DEUTSCHE BANK 2.500000000000 true false true C false true false false false false false false true D false true false false false false false false false A true B true C true D true SCHEDULE K - DIFFERENCES IN ISSUE PRICE EXPLANATION IDA OF TOWN OF FARMVILLE, VA PROCEEDS FROM 2018A BOND ISSUE INCLUDE THE BOND ISSUE PRICE OF 120,910,000 PLUS A REOFFERING PREMIUM OF 5,191,847. FOR A TOTAL PROCEEDS OF 126,101,847. IDA OF TOWN OF FARMVILLE, VA PROCEEDS OF THE 2018B ISSUANCE INCLUDE THE ISSUE PRICE OF 7,515,000 LESS AN ORIGINAL ISSUE DISCOUNT OF 91,465. THE NET PROCEEDS WERE 7,423,535. SCHEDULE K - PURPOSE OF ISSUE DESCRIPTION IDA OF TOWN OF FARMVILLE, VA REQUIRED UNDER THE 2018 FINANCING. IDA OF TOWN OF FARMVILLE, VA REQUIRED UNDER THE 2018 FINANCING. SCHEDULE K - DATE REBATE COMPUTATION PERFORMED IDA OF TOWN OF FARMVILLE, VA 05/01/18 IDA OF TOWN OF FARMVILLE, VA 12/12/18 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 -1,572,385 LONGWOOD HOUSING FOUNDATION LLC 315 WEST THIRD STREET FARMVILLE VA 23901 HOUSING VA 14077030 310425172 NA LONGWOOD WOODLAND POND HOUSING FOUNDATION LLC 315 WEST THIRD STREET FARMVILLE VA 23901 HOUSING VA 139210 2168141 NA LONGWOOD WOODLAND POND DEVELOPMENT FOUNDATION LLC 315 WEST THIRD STREET FARMVILLE VA 23901 LAND VA 315000 NA LONGWOOD MIDTOWN CRE LLC 315 WEST THIRD STREET FARMVILLE VA 23901 RENTAL VA 526956 8205509 NA LONGWOOD RIVERVIEW LLC 315 WEST THIRD STREET FARMVILLE VA 23901 REAL PROP VA 202683 7298098 NA 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