2018-11-13T13:47:46-05:00 2017-12-31 473172584 J BROCKLEHURST CPA PLLC 3900 WESTERRE PARKWAY SUITE 300 RICHMOND VA 23233 990 2017-01-01 201612906 LONGWOOD UNIVERSITY REAL ESTATE FOUNDATION LONG 4343952086 315 WEST THIRD STREET FARMVILLE VA 23901 BILL WALSH PRESIDENT 4343952086 2018-11-09 true JANET L BROCKLEHURST P00449539 8047270120 2018-11-09 167.68.16.49 2018-11-13 12:47:46 CS P 977CFCB9C685DC8DED6EB91A22541EBE6B77B20C 48FFB77D4616A23198CCEF00C1607D9269D3B27A 2017 2019-02-21 02:37:17Z LOUISE W WALLER 315 WEST THIRD STREET FARMVILLE VA 23901 13186788 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. 13 6 11 -27380 -27380 0 11507040 12727018 98623 47356 -18529 -203933 11587134 12570441 0 0 214641 198939 0 0 11173531 12935418 11388172 13134357 198962 -563916 130726325 219514375 150830410 235368728 -20104085 -15854353 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 12905496 12727018 ALL PROGRAM ACTIVITIES RELATE TO THE ACQUISITION, DEVELOPMENT, FINANCING, LEASING, HOLDING, OPERATING, MANAGEMENT AND DISPOSAL OF REAL PROPERTY ASSETS AND INTERESTS OF LONGWOOD UNIVERSITY. 12905496 true false false false false false false false false false true false false true true true true true false false false false false false false false false false false false true false false false false false false false false false false false false false false true true false false false true 27 0 11 true true true false false false false false false false false false X 13 6 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 P KENNETH COPELAND JR DIRECTOR 2.00 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 40.00 X 0 98188 16148 98188 16148 false false false LITTLE DIVERSIFIED ARCH DESIGN 5815 WESTPARK DRIVE CHARLOTTE NC 28217 ARCHITECTURE 1886295 ENGLISH CONSTRUCTION 615 CHURCH STREET LYNCHBURG VA 24504 CONSTRUCTION 1049338 KENSINGTON CAPITAL ADVISORS 4064 COLONY ROAD SUITE 400 CHARLOTTE NC 28211 ADVISORY 109410 3 RENT 531110 12505656 12505656 PARKING 531190 141837 141837 OTHER PROGRAM REVENUE 531390 39806 39806 STUDENT DAMAGES 531390 39719 39719 12727018 26409 26409 306164 333544 -27380 -27380 -27380 303750 282803 20947 20947 20947 LOSS ON DEFEASEMENT OF DEBT -176553 -176553 -176553 12570441 12747965 -27380 -150144 102896 92606 10290 61475 42164 19311 22861 15364 7497 11707 9554 2153 63908 60386 3522 62036 62036 175346 137226 38120 100353 18333 82020 3010113 3010113 4028101 4028101 4397751 4397751 300809 297233 3576 FACILITY MANAGEMENT COSTS 663482 663482 WALK TO CAMPUS COSTS 44327 44327 DESIGN COSTS-OTHER PROP 32710 32710 DESIGN FEES 22000 22000 34482 34146 336 13134357 12905496 228861 0 2489231 3701503 147402 302946 68653 77755 142817590 27956152 113814679 114861438 14206360 100570733 130726325 219514375 5274743 4681881 110110000 204010000 24182948 24431496 4221718 1078647 7041001 1166704 150830410 235368728 X -20104085 -15854353 -20104085 -15854353 130726325 219514375 -563916 4813648 X false true X true false X X 1 LONGWOOD UNIVERSITY 546001788 6 true 0 0 1 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 LIEU OF MONETARY SUPPORT, THE FOUNDATION PROVIDED ACCESS TO THE FACILITIES UNDER LEASE AGREEMENTS, AND PAYS MANAGEMENT AND OTHER ANCILLARY SERVICE FEES TO THE UNIVERSITY. SEE SCHEDULE R. 17025523 17025523 107802583 20311149 87491434 4532748 2937202 1595546 13456736 4707801 8748935 114861438 RESTRICTED DEPOSITS AND RESERVES 98408449 ACCRUED INTEREST RECEIVABLE 1635191 DUE FROM LONGWOOD 453188 DUE FROM LONGWOOD FDN 37500 OTHER RECEIVABLE 36405 100570733 INTEREST RATE SWAP VALUATION 3415104 SECURITY DEPOSITS 12229 LOAN COSTS -2260629 1166704 X 17717633 4813648 4813648 12903985 -333544 -333544 12570441 13467901 333544 333544 13134357 13134357 SCHEDULE D, PAGE 3, PART X MANAGEMENT HAS EVALUATED THE EFFECT OF THE GUIDANCE PROVIDED BY U.S. GAAP ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, AS WELL AS EVALUATED ALL OTHER TAX POSITIONS THAT COULD HAVE A SIGNIFICANT EFFECT ON THE CONSOLIDATED FINANCIAL STATEMENTS AND DETERMINED THAT THE FOUNDATION HAS NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2017. SCHEDULE D, PAGE 4, PART XI, LINE 2D UNREALIZED GAIN/LOSS ON SWAP 4,813,648 SCHEDULE D, PAGE 4, PART XI, LINE 4B RENTAL EXPENSE OFFSETTING INCOME -333,544 SCHEDULE D, PAGE 4, PART XII, LINE 2D RENTAL EXPENSES 333,544 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 false 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 A 110610000 5500000 1405118 1124579 16732000 85848303 2017 true false true true B 94500000 14300466 1200000 5964375 73035159 false 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 true DEUTSCHE BANK 7.000000000000 false false true SOCIETEGENERALE 7.000000000000 true false true B false false false false false true DEUTSCHE BANK 7.000000000000 false false false false true A true B true SCHEDULE K - DATE REBATE COMPUTATION PERFORMED IDA OF TOWN OF FARMVILLE, VA 05/01/18 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 4,813,648 LONGWOOD HOUSING FOUNDATION LLC 315 WEST THIRD STREET FARMVILLE VA 23901 HOUSING VA 11804634 185323994 NA LONGWOOD WOODLAND POND HOUSING FOUNDATION LLC 315 WEST THIRD STREET FARMVILLE VA 23901 HOUSING VA 132785 1966326 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 306164 8374602 NA LONGWOOD RIVERVIEW LLC 315 WEST THIRD STREET FARMVILLE VA 23901 REAL PROP VA 22 7050894 NA 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 true false true true false true true true false false