COLLEGIATE HOUSING FOUNDATION: Form 990, tax year 2024

View the entire original 990 at ProPublica ↗

Organization: COLLEGIATE HOUSING FOUNDATION (EIN 63-1173425)
Tax period: 2024-07-01 to 2025-06-30
Filed: 2026-05-11
IRS object ID: 202631319349300643
Schema version: 2024v5.5
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule A
Schedule D
Schedule J
Schedule K
Schedule K
Schedule K
Schedule K
Schedule K
Schedule K
Schedule O
Schedule R

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2026-05-11T11:28:10-05:00	ReturnTs
Tax Period End	2025-06-30	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	270355040	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	WILKINS MILLER LLC	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	41 W I-65 SERVICE RD N STE 400	AddressLine1Txt
City	MOBILE	CityNm
State Abbreviation	AL	StateAbbreviationCd
ZIP	36608	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2024-07-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	631173425	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	COLLEGIATE HOUSING FOUNDATION	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	COLL	BusinessNameControlTxt
Phone	2519289340	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 1385	AddressLine1Txt
City	FAIRHOPE	CityNm
State Abbreviation	AL	StateAbbreviationCd
ZIP	365331385	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	BRIAN M BLAKENEY	PersonNm
Person Title	CFO	PersonTitleTxt
Phone	2519289340	PhoneNum
Signature	2026-05-11	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Field	Value	IRS element (for citing)
IRS Responsible Prty Info Curr	0	IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	MICAH L WHEELER	PreparerPersonNm
PTIN	P01343147	PTIN
Phone	2514106700	PhoneNum
Preparation	2026-05-11	PreparationDt

Field	Value	IRS element (for citing)
Tax	2024	TaxYr
Build TS	2025-03-06 01:10:19Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Principal Officer	BRIAN M BLAKENEY	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 1385	AddressLine1Txt
City	FAIRHOPE	CityNm
State Abbreviation	AL	StateAbbreviationCd
ZIP	365331385	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$324,679,690	GrossReceiptsAmt
Group Return For Affiliates	0	GroupReturnForAffiliatesInd
Organization501c3	Yes (X)	Organization501c3Ind
Website Address	WWW.COLLEGIATEHOUSING.ORG	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	1996	FormationYr
Legal Domicile State	AL	LegalDomicileStateCd
Activity Or Mission	(A)THE ORGANIZATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE, RELIGIOUS, AND EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE U.S. INTERNAL REVENUE CODE OF 1986 INCLUDING FOR SUCH PURPOSES:(1)ASSISTING EACH OF ITS MEMBERS TO PROVIDE HOUSING FOR ITS ENROLLED STUDENTS; AND (2)OTHERWISE ASSISTING EACH OF ITS MEMBERS TO FURTHER THEIR EDUCATIONAL MISSIONS.	ActivityOrMissionDesc
Voting Members Governing Body	5	VotingMembersGoverningBodyCnt
Voting Members Independent	4	VotingMembersIndependentCnt
Total Employee	5	TotalEmployeeCnt
Total Volunteers	0	TotalVolunteersCnt
Total Gross UBI	$172,176	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$171,176	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$823,605	PYContributionsGrantsAmt
CY Contributions Grants	$0	CYContributionsGrantsAmt
PY Program Service Revenue	$289,882,939	PYProgramServiceRevenueAmt
CY Program Service Revenue	$306,942,615	CYProgramServiceRevenueAmt
PY Investment Income	$45,335,367	PYInvestmentIncomeAmt
CY Investment Income	$17,547,210	CYInvestmentIncomeAmt
PY Other Revenue	$119,268	PYOtherRevenueAmt
CY Other Revenue	$172,176	CYOtherRevenueAmt
PY Total Revenue	$336,161,179	PYTotalRevenueAmt
CY Total Revenue	$324,662,001	CYTotalRevenueAmt
PY Grants And Similar Paid	$0	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$0	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$0	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$2,183,806	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$2,380,131	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$0	CYTotalFundraisingExpenseAmt
PY Other Expenses	$317,642,908	PYOtherExpensesAmt
CY Other Expenses	$337,961,947	CYOtherExpensesAmt
PY Total Expenses	$319,826,714	PYTotalExpensesAmt
CY Total Expenses	$340,342,078	CYTotalExpensesAmt
PY Revenues Less Expenses	$16,334,465	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	-$15,680,077	CYRevenuesLessExpensesAmt
Total Assets BOY	$3,208,341,005	TotalAssetsBOYAmt
Total Assets EOY	$3,163,661,409	TotalAssetsEOYAmt
Total Liabilities BOY	$3,392,780,260	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$3,364,522,333	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	-$184,439,255	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	-$200,860,924	NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part III	Yes (X)	InfoInScheduleOPartIIIInd
Mission	(A)THE ORGANIZATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE, RELIGIOUS, AND EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE U.S. INTERNAL REVENUE CODE OF 1986 (THE CODE) INCLUDING FOR SUCH PURPOSES:(1)ASSISTING EACH OF ITS MEMBERS TO PROVIDE HOUSING FOR ITS ENROLLED STUDENTS; AND(2)OTHERWISE ASSISTING EACH OF ITS MEMBERS TO FURTHER THEIR EDUCATIONAL MISSIONS.	MissionDesc
Significant New Program Srvc	0	SignificantNewProgramSrvcInd
Significant Change	0	SignificantChangeInd
Expense	$104,983,744	ExpenseAmt
Revenue	$102,886,896	RevenueAmt
Desc	PROVIDE 7,681 BED STUDENT HOUSING FACILITY IN IRVINE,CA FOR UNIVERSITY OF CALIFORNIA IRVINE	Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

Field	Value	IRS element (for citing)
Expense	$54,795,769	ExpenseAmt
Revenue	$44,908,051	RevenueAmt
Desc	PROVIDE 3,290 BED STUDENT HOUSING FACILITY IN DAVIS, CA FOR UNIVERSITY OF CALIFORNIA DAVIS	Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

Field	Value	IRS element (for citing)
Expense	$29,804,756	ExpenseAmt
Revenue	$21,670,389	RevenueAmt
Desc	PROVIDE 1,500 BED STUDENT HOUSING FACILITY IN RIVERSIDE, CA FOR UNIVERSITY OF CALIFORNIA RIVERSIDE	Desc

Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp (19 entries)

ExpenseExpenseAmt	RevenueRevenueAmt	DescDesc
$5,515,201	$5,928,333	PROVIDE 516 BED STUDENT HOUSING FACILITY IN ELON, NC FOR ELON UNIVERSITY
$7,467,966	$7,155,671	PROVIDE 702 BED STUDENT HOUSING FACILITY IN ASHLAND, OR FOR SOUTHERN OREGON UNIVERSITY
$1,094,706	$1,385,054	PROVIDE 180 BED STUDENT HOUSING FACILITY IN ST. DAVIDS, PA FOR EASTERN UNIVERSITY
$5,116,938	$4,921,083	PROVIDE 492 BED STUDENT HOUSING FACILITY IN TOLEDO, OH FOR THE UNIVERSITY OF TOLEDO
$5,640,136	$5,638,021	PROVIDE 440 BED STUDENT HOUSING FACILITY IN CHICAGO, IL FOR NORTHEASTERN ILLINOIS UNIVERSITY
$3,567,966	$3,277,663	PROVIDE 421 BED STUDENT HOUSING FACILITY IN CULLOWHEE, NC FOR WESTERN CAROLINA UNIVERSITY
$10,316,333	$9,385,135	PROVIDE 548 BED STUDENT HOUSING FACILITY IN CHICAGO, ILLINOIS FOR UNIVERSITY OF ILLINOIS - CHICAGO
$14,680,115	$13,715,968	PROVIDE 1,274 BED STUDENT HOUSING FACILITY IN COLLEGE STATION, TX FOR TEXAS A&M UNIVERSITY
$8,889,179	$7,493,726	PROVIDE 875 BED STUDENT HOUSING FACILITY IN DENTON, TX FOR TEXAS WOMAN'S UNIVERSITY
$9,387,658	$7,092,130	PROVIDE 620 BED STUDENT HOUSING FACILITY IN DOVER, DE FOR DELAWARE STATE UNIVERSITY
$15,768,774	$13,713,338	PROVIDE 820 BED STUDENT HOUSING FACILITY IN RIVERSIDE, CA FOR UNIVERSITY OF CALIFORNIA RIVERSIDE
$5,615,902	$4,548,077	PROVIDE 540 BED STUDENT HOUSING FACILITY IN PRAIRIE VIEW, TX FOR PRAIRIE VIEW A&M UNIVERSITY
$21,382,297	$17,261,407	PROVIDE 1,814 BED STUDENT HOUSING FACILITY IN WILMINGTON, NC FOR UNC WILMINGTON
$3,300,481	$3,608,776	PROVIDE 548 BED STUDENT HOUSING FACILITY IN NEWARK, NEW JERSEY FOR THE NEW JERSEY INTITUTE OF TECHNOLOGY.
$25,957,616	$19,983,435	PROVIDE 1549 BED STUDENT HOUSING FACILITY IN DAVIS, CA FOR UNIVERSITY OF CALIFORNIA DAVIS
$606,712	$8,853,512	PROVIDE 558 BED STUDENT HOUSING FACILITY IN HONOLULU, HI FOR UNIVERSITY OF HAWAII AT MANOA
$38,267		PROVIDE 637 BED STUDENT HOUSING FACILITY IN WEST LAFAYETTE, INDIANA FOR PURDUE UNIVERSITY
$3,428,833	$3,384,840	PROVIDE A STUDENT RECREATIONAL FACILITY IN HOMEWOOD, ALABAMA FOR SAMFORD UNIVERSITY
	$131,110	REIMBURSED/REFUNDED EXPENSES ON CURRENT OR PAST PROJECT; AND FEE FROM SUPPORTING ORGANIZATION.

Field	Value	IRS element (for citing)
Total Other Prog Srvc Expense	$147,775,080	TotalOtherProgSrvcExpenseAmt
Total Other Prog Srvc Revenue	$137,477,279	TotalOtherProgSrvcRevenueAmt
Total Program Service Expenses	$337,359,349	TotalProgramServiceExpensesAmt
Described In Section501c3	Yes (1)	DescribedInSection501c3Ind
Schedule B Required	0	ScheduleBRequiredInd
Political Campaign Acty	0	PoliticalCampaignActyInd
Lobbying Activities	0	LobbyingActivitiesInd
Subject To Proxy Tax	0	SubjectToProxyTaxInd
Donor Advised Fund	0	DonorAdvisedFundInd
Conservation Easements	0	ConservationEasementsInd
Collections Of Art	0	CollectionsOfArtInd
Credit Counseling	0	CreditCounselingInd
Donor Rstr Or Quasi Endowments	0	DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment	Yes (1)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	Yes (1)	ReportInvestmentsOtherSecInd
Report Program Related Invst	0	ReportProgramRelatedInvstInd
Report Other Assets	Yes (1)	ReportOtherAssetsInd
Report Other Liabilities	Yes (1)	ReportOtherLiabilitiesInd
Include FIN48 Footnote	Yes (1)	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	Yes (1)	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	0	ConsolidatedAuditFinclStmtInd
School Operating	0	SchoolOperatingInd
Foreign Office	0	ForeignOfficeInd
Foreign Activities	0	ForeignActivitiesInd
More Than5000 K To Org	0	MoreThan5000KToOrgInd
More Than5000 K To Individuals	0	MoreThan5000KToIndividualsInd
Professional Fundraising	0	ProfessionalFundraisingInd
Fundraising Activities	0	FundraisingActivitiesInd
Gaming Activities	0	GamingActivitiesInd
Operate Hospital	0	OperateHospitalInd
Grants To Organizations	0	GrantsToOrganizationsInd
Grants To Individuals	0	GrantsToIndividualsInd
Schedule J Required	Yes (1)	ScheduleJRequiredInd
Tax Exempt Bonds	Yes (1)	TaxExemptBondsInd
Invest Tax Exempt Bonds	Yes (1)	InvestTaxExemptBondsInd
Escrow Account	0	EscrowAccountInd
On Behalf Of Issuer	0	OnBehalfOfIssuerInd
Engaged In Excess Benefit Trans	0	EngagedInExcessBenefitTransInd
PY Excess Benefit Trans	0	PYExcessBenefitTransInd
Loan Outstanding	0	LoanOutstandingInd
Grant To Related Person	0	GrantToRelatedPersonInd
Business Rln With Org Mem	0	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	0	BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent	0	BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri	0	DeductibleNonCashContriInd
Deductible Art Contribution	0	DeductibleArtContributionInd
Terminate Operations	0	TerminateOperationsInd
Partial Liquidation	0	PartialLiquidationInd
Disregarded Entity	Yes (1)	DisregardedEntityInd
Related Entity	Yes (1)	RelatedEntityInd
Related Organization Ctrl Ent	Yes (1)	RelatedOrganizationCtrlEntInd
Transaction With Control Ent	Yes (1)	TransactionWithControlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org	0	TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp	0	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (1)	ScheduleORequiredInd
IRP Document	145	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (1)	BackupWthldComplianceInd
Employee	5	EmployeeCnt
Employment Tax Returns Filed	Yes (1)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	Yes (1)	UnrelatedBusIncmOverLimitInd
Form990 T Filed	Yes (1)	Form990TFiledInd
Foreign Financial Account	0	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTransInd
Taxable Party Notification	0	TaxablePartyNotificationInd
Nondeductible Contributions	0	NondeductibleContributionsInd
Quid Pro Quo Contributions	0	QuidProQuoContributionsInd
Form8282 Property Disposed Of	0	Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	0	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	0	PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services	0	IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt	0	SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc	0	SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	5	GoverningBodyVotingMembersCnt
Independent Voting Member	4	IndependentVotingMemberCnt
Family Or Business Rln	0	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	Yes (1)	DelegationOfMgmtDutiesInd
Change To Org Documents	Yes (1)	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	0	MaterialDiversionOrMisuseInd
Members Or Stockholders	Yes (1)	MembersOrStockholdersInd
Election Of Board Members	Yes (1)	ElectionOfBoardMembersInd
Decisions Subject To Approva	0	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (1)	MinutesOfGoverningBodyInd
Minutes Of Committees	0	MinutesOfCommitteesInd
Officer Mailing Address	0	OfficerMailingAddressInd
Local Chapters	0	LocalChaptersInd
Form990 Provided To Gvrn Body	Yes (1)	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (1)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (1)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (1)	RegularMonitoringEnfrcInd
Whistleblower Policy	0	WhistleblowerPolicyInd
Document Retention Policy	Yes (1)	DocumentRetentionPolicyInd
Compensation Process CEO	Yes (1)	CompensationProcessCEOInd
Compensation Process Other	Yes (1)	CompensationProcessOtherInd
Investment In Joint Venture	0	InvestmentInJointVentureInd
States Where Copy Of Return Is Fld	OR	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	CA	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	IL	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	PA	StatesWhereCopyOfReturnIsFldCd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	BRIAN M BLAKENEY	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	2519289340	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	409 JOHNSON AVE	AddressLine1Txt
City	FAIRHOPE	CityNm
State Abbreviation	AL	StateAbbreviationCd
ZIP	36532	ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (10 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	OfficerOfficerInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	Key EmployeeKeyEmployeeInd	Highest Compensated EmployeeHighestCompensatedEmployeeInd	Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd
WILLIAM B GIVHAN
COO/PRESIDENT	40.00	1.00	Yes (X)	Yes (X)	$662,982	$0	$73,641
THOMAS M DALY
TREASURER	1.50		Yes (X)	Yes (X)	$27,500	$0	$0
ROBERT A SHEARER
DIRECTOR	1.50		Yes (X)		$27,500	$0	$0
LEEMAN H COVEY
SECRETARY	1.50		Yes (X)	Yes (X)	$27,500	$0	$0
JOHN B HICKS
VICE PRESIDENT	1.50		Yes (X)	Yes (X)	$27,500	$0	$0
JANET BROWN
VP FOR ADMIN/ASST SECRETARY	40.00			Yes (X)	$250,330	$0	$49,541
BRIAN M BLAKENEY
CHIEF FINANCIAL OFFICER	40.00	1.00		Yes (X)	$463,092	$0	$66,562
LYN R CONE
EXECUTIVE VP OF PROJECT OPERATIONS	40.00				$283,333	$0	$34,159	Yes (X)
SELINA SIMPSON
VP OF INSURANCE & RISK MANAGEMENT	40.00				$214,139	$0	$17,829		Yes (X)
JOHN BROOKS SLAUGHTER
FORMER TREASURER	1.50				$13,750	$0	$0			Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$1,997,626	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$241,732	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	5	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	Yes (1)	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	Yes (1)	TotalCompGreaterThan150KInd
Compensation From Other Srcs	0	CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1Txt	CityContractorAddress/USAddress/CityNm	State AbbreviationContractorAddress/USAddress/StateAbbreviationCd	ZIPContractorAddress/USAddress/ZIPCd	ServicesServicesDesc	CompensationCompensationAmt
SWINERTON BUILDERS
2001 CLAYTON RD FLOOR 6	CONCORD	CA	94520	CONSTRUCTION	$81,025,757
MAROUS BROTHERS CONSTRUCTION INC
36933 VINE STREET	WILLOUGHBY	OH	44094	CONSTRUCTION	$50,293,922
ROBINS & MORTON
400 SHADES CREEK PARKWAY	BIRMINGHAM	AL	35209	CONSTRUCTION	$49,331,022
HOAR CONSTRUCTION LLC
TWO METROPLEX DRIVE SUITE 400	BIRMINGHAM	AL	35209	CONSTRUCTION	$14,553,947
JOHNSON CONTROLS INC
1601 3RD AVE S	BIRMINGHAM	AL	35233	ENERGY EFFICIENCY	$7,141,443

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	100	CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp (5 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt	ExclusionExclusionAmt
RENTAL INCOME	611310	$274,997,544	$274,997,544
SALES TYPE LEASE	611310	$13,066,900	$13,066,900
CONSTRUCTION FUNDS	611310	$6,853,512	$6,853,512
CONVENIENCE INCOME	611310	$6,292,276		$6,292,276
MISCELLANEOUS INCOME	611310	$3,938,296	$3,938,296

Total Oth Program Service Rev TotalOthProgramServiceRevGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$1,794,087	TotalRevenueColumnAmt
Related Or Exempt Func Income	$1,794,087	RelatedOrExemptFuncIncomeAmt

Field	Value	IRS element (for citing)
Total Program Service Revenue	$306,942,615	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$10,258,108	TotalRevenueColumnAmt
Exclusion	$10,258,108	ExclusionAmt

Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$7,289,285	TotalRevenueColumnAmt
Exclusion	$7,289,285	ExclusionAmt

Gross Rents GrossRentsGrp

Field	Value	IRS element (for citing)
Real	$189,682	RealAmt

Less Rental Expenses LessRentalExpensesGrp

Field	Value	IRS element (for citing)
Real	$17,506	RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Real	$172,176	RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$172,176	TotalRevenueColumnAmt
Unrelated Business Revenue	$172,176	UnrelatedBusinessRevenueAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

Field	Value	IRS element (for citing)
Securities	$183	SecuritiesAmt

Gain Or Loss GainOrLossGrp

Field	Value	IRS element (for citing)
Securities	-$183	SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	-$183	TotalRevenueColumnAmt
Exclusion	-$183	ExclusionAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$324,662,001	TotalRevenueColumnAmt
Related Or Exempt Func Income	$300,650,339	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$172,176	UnrelatedBusinessRevenueAmt
Exclusion	$23,839,486	ExclusionAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$2,295,439	TotalAmt
Management And General	$2,295,439	ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$84,692	TotalAmt
Management And General	$84,692	ManagementAndGeneralAmt

Fees For Services Management FeesForServicesManagementGrp

Field	Value	IRS element (for citing)
Total	$33,009,711	TotalAmt
Program Services	$33,009,711	ProgramServicesAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$208,387	TotalAmt
Program Services	$169,578	ProgramServicesAmt
Management And General	$38,809	ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$642,567	TotalAmt
Program Services	$527,698	ProgramServicesAmt
Management And General	$114,869	ManagementAndGeneralAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

Field	Value	IRS element (for citing)
Total	$203,007	TotalAmt
Program Services	$203,007	ProgramServicesAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$1,232,478	TotalAmt
Program Services	$1,197,790	ProgramServicesAmt
Management And General	$34,688	ManagementAndGeneralAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$275,771	TotalAmt
Program Services	$272,681	ProgramServicesAmt
Management And General	$3,090	ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$1,597,250	TotalAmt
Program Services	$1,583,970	ProgramServicesAmt
Management And General	$13,280	ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$14,000	TotalAmt
Management And General	$14,000	ManagementAndGeneralAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$87,043,818	TotalAmt
Program Services	$86,998,821	ProgramServicesAmt
Management And General	$44,997	ManagementAndGeneralAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$98,053	TotalAmt
Program Services	$91,334	ProgramServicesAmt
Management And General	$6,719	ManagementAndGeneralAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$100,059,494	TotalAmt
Program Services	$100,059,494	ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$93,226,241	TotalAmt
Program Services	$93,222,539	ProgramServicesAmt
Management And General	$3,702	ManagementAndGeneralAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$12,487,601	TotalAmt
Program Services	$12,214,335	ProgramServicesAmt
Management And General	$273,266	ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt	Program ServicesProgramServicesAmt	Management And GeneralManagementAndGeneralAmt
MISCELLANEOUS	$5,445,609	$5,390,431	$55,178
BAD DEBT	$1,312,709	$1,312,709
REBATE EXPENSE	$802,103	$802,103
PREOPENING COSTS	$303,148	$303,148

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$340,342,078	TotalAmt
Program Services	$337,359,349	ProgramServicesAmt
Management And General	$2,982,729	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$24,295,207	BOYAmt
EOY	$21,640,275	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$452,297,898	BOYAmt
EOY	$316,119,277	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$6,157,238	BOYAmt
EOY	$5,508,955	EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

Field	Value	IRS element (for citing)
BOY	$193,565,279	BOYAmt
EOY	$285,324,134	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$8,882,043	BOYAmt
EOY	$7,013,896	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$2,388,233,149	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$577,858,951	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$1,895,710,912	BOYAmt
EOY	$1,810,374,198	EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

Field	Value	IRS element (for citing)
BOY	$308,309,531	BOYAmt
EOY	$181,618,522	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$319,122,897	BOYAmt
EOY	$536,062,152	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$3,208,341,005	BOYAmt
EOY	$3,163,661,409	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$127,310,324	BOYAmt
EOY	$167,342,982	EOYAmt

Deferred Revenue DeferredRevenueGrp

Field	Value	IRS element (for citing)
BOY	$21,892,954	BOYAmt
EOY	$14,839,123	EOYAmt

Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$2,979,805,454	BOYAmt
EOY	$2,928,005,039	EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

Field	Value	IRS element (for citing)
BOY	$155,046,416	BOYAmt
EOY	$150,696,219	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$108,725,112	BOYAmt
EOY	$103,638,970	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$3,392,780,260	BOYAmt
EOY	$3,364,522,333	EOYAmt

Field	Value	IRS element (for citing)
Organization Follows FASB117	Yes (X)	OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	-$185,032,852	BOYAmt
EOY	-$200,860,924	EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$593,597	BOYAmt
EOY	$0	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	-$184,439,255	BOYAmt
EOY	-$200,860,924	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$3,208,341,005	BOYAmt
EOY	$3,163,661,409	EOYAmt

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	Yes (X)	InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss	-$15,680,077	ReconcilationRevenueExpnssAmt
Other Changes In Net Assets	-$741,592	OtherChangesInNetAssetsAmt
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	0	AccountantCompileOrReviewInd
FS Audited	Yes (1)	FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

Field	Value	IRS element (for citing)
Separate Basis Fincl Stmt	Yes (X)	SeparateBasisFinclStmtInd

Field	Value	IRS element (for citing)
Audit Committee	Yes (1)	AuditCommitteeInd
Federal Grant Audit Required	0	FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
Publicly Supported Org509a2	Yes (X)	PubliclySupportedOrg509a2Ind

Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$4,417,553	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$781,738	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus1 Year	$823,605	CurrentTaxYearMinus1YearAmt
Total	$6,022,896	TotalAmt

Gross Receipts Admissions GrossReceiptsAdmissionsGrp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$179,259,310	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$220,717,789	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$238,392,091	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$284,294,503	CurrentTaxYearMinus1YearAmt
Current Tax Year	$300,650,339	CurrentTaxYearAmt
Total	$1,223,314,032	TotalAmt

Gross Receipts Non Unrlt Bus GrossReceiptsNonUnrltBusGrp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$214,655	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$3,909,215	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$4,761,766	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$5,588,436	CurrentTaxYearMinus1YearAmt
Current Tax Year	$6,292,276	CurrentTaxYearAmt
Total	$20,766,348	TotalAmt

Total509 Total509Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$183,891,518	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$225,408,742	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$243,153,857	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$290,706,544	CurrentTaxYearMinus1YearAmt
Current Tax Year	$306,942,615	CurrentTaxYearAmt
Total	$1,250,103,276	TotalAmt

Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp

Field	Value	IRS element (for citing)
Current Tax Year	$101,475	CurrentTaxYearAmt
Total	$101,475	TotalAmt

Substantial Contributors Amt SubstantialContributorsAmtGrp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$44,977,527	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$4,764,569	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$760,257	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$7,503,816	CurrentTaxYearMinus1YearAmt
Current Tax Year	$6,107,262	CurrentTaxYearAmt
Total	$64,113,431	TotalAmt

Subst And Dsqlfy Prsns Tot SubstAndDsqlfyPrsnsTotGrp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$44,977,527	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$4,764,569	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$760,257	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$7,503,816	CurrentTaxYearMinus1YearAmt
Current Tax Year	$6,208,737	CurrentTaxYearAmt
Total	$64,214,906	TotalAmt

Field	Value	IRS element (for citing)
Public Support Total509	$1,185,888,370	PublicSupportTotal509Amt

Gross Investment Income509 GrossInvestmentIncome509Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$1,577,638	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$2,002,392	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$10,580,625	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$16,407,188	CurrentTaxYearMinus1YearAmt
Current Tax Year	$17,547,393	CurrentTaxYearAmt
Total	$48,115,236	TotalAmt

Post1975 UBTI Post1975UBTIGrp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$819	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$58,515	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$171,746	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$119,268	CurrentTaxYearMinus1YearAmt
Current Tax Year	$172,176	CurrentTaxYearAmt
Total	$522,524	TotalAmt

Investment Income And UBTI InvestmentIncomeAndUBTIGrp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$1,578,457	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$2,060,907	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$10,752,371	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$16,526,456	CurrentTaxYearMinus1YearAmt
Current Tax Year	$17,719,569	CurrentTaxYearAmt
Total	$48,637,760	TotalAmt

Total Support Calendar Year TotalSupportCalendarYearGrp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$185,469,975	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$227,469,649	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$253,906,228	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$307,233,000	CurrentTaxYearMinus1YearAmt
Current Tax Year	$324,662,184	CurrentTaxYearAmt
Total	$1,298,741,036	TotalAmt

Field	Value	IRS element (for citing)
Public Support CY509	0.91310	PublicSupportCY509Pct
Public Support PY509	0.97070	PublicSupportPY509Pct
Investment Income CY	0.03740	InvestmentIncomeCYPct
Investment Income PY	0.02930	InvestmentIncomePYPct
Thirty Thr Pct Suprt Tests CY509	Yes (X)	ThirtyThrPctSuprtTestsCY509Ind

Schedule D IRS990ScheduleD

Buildings BuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$2,308,008,715	OtherCostOrOtherBasisAmt
Depreciation	$507,488,042	DepreciationAmt
Book Value	$1,800,520,673	BookValueAmt

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$80,224,434	OtherCostOrOtherBasisAmt
Depreciation	$70,370,909	DepreciationAmt
Book Value	$9,853,525	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$1,810,374,198	TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp (4 entries)

DescDesc	Book ValueBookValueAmt	Method ValuationMethodValuationCd
CERTIFICATES OF DEPOSIT	$1,000,000	F
GUARANTEED INVESTMENT CONTRACTS	$123,475,034	C
REPURCHASE AGREEMENTS	$4,210,990	C
US TREASURY NOTES	$52,932,498	F

Field	Value	IRS element (for citing)
Total Book Value Securities	$181,618,522	TotalBookValueSecuritiesAmt

Other Assets Org OtherAssetsOrgGrp (5 entries)

DescDesc	Book ValueBookValueAmt
CONSTRUCTION IN PROGRESS	$417,368,366
DUE FROM UNIVERSITIES, AS MANAGERS	$1,096,167
FUNDS HELD IN TRUST BY THE UNIVERSITIES AS MANAGERS	$18,318,255
INTEREST/DIVIDEND INCOME RECEIVABLE	$845,677
RIGHT OF USE ASSETS	$98,433,687

Field	Value	IRS element (for citing)
Total Book Value Other Assets	$536,062,152	TotalBookValueOtherAssetsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)

DescDesc	AmtAmt
SECURITY DEPOSITS	$1,859,842
OPERATING LEASE LIABILITY	$101,327,280
FAIR VALUE OF INTEREST EXCHANGE	$451,848

Field	Value	IRS element (for citing)
Total Liability	$103,638,970	TotalLiabilityAmt
Footnote Text	Yes (X)	FootnoteTextInd
Total Rev Etc Audited Fincl Stmt	$324,629,507	TotalRevEtcAuditedFinclStmtAmt
Other Revenue	$50,000	OtherRevenueAmt
Revenue Not Reported	$50,000	RevenueNotReportedAmt
Revenue Subtotal	$324,579,507	RevenueSubtotalAmt
Other Revenues Not Included	$82,494	OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt	$82,494	RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990	$324,662,001	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$340,374,733	TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included	$32,655	OtherExpensesIncludedAmt
Expenses Not Reported	$32,655	ExpensesNotReportedAmt
Expenses Subtotal	$340,342,078	ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt	$0	ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990	$340,342,078	TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
PART X, LINE 2:	THE FOUNDATION HAS A POLICY FOR ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THE FOUNDATION WILL RECORD A LIABILITY FOR UNCERTAIN TAX POSITIONS WHEN IT IS MORE LIKELY THAN NOT THAT A TAX POSITION WOULD NOT BE SUSTAINED IF EXAMINED BY THE TAXING AUTHORITY. FOR TAX-EXEMPT ENTITIES, TAX POSITIONS INCLUDE THE ENTITY'S TAX-EXEMPT STATUS AND ASSUMPTIONS USED TO DETERMINE UNRELATED BUSINESS TAXABLE INCOME. THE FOUNDATION HAD NO UNRECOGNIZED TAX BENEFITS AT JUNE 30, 2025 OR JUNE 30, 2024. THE TAX YEARS 2021 - 2024 REMAIN OPEN TO EXAMINATION.
PART XI, LINE 2D - OTHER ADJUSTMENTS:	CHF MERRIMACK, INC ACTIVITY 50,000.
PART XI, LINE 4B - OTHER ADJUSTMENTS:	EXPENSES REPORTED AS REDUCTIONS OF UBTI ON FORM 990 PART VIII LINE 6B -17,506. CHF MERRIMACK, INC ACTIVITY 100,000.
PART XII, LINE 2D - OTHER ADJUSTMENTS:	EXPENSES REPORTED AS DEDUCTIONS TO UBTI ON FORM 990 PART VIII LINE 6B 17,506. CHF MERRIMACK, INC ACTIVITY 15,149.

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
First Class Or Charter Travel	Yes (X)	FirstClassOrCharterTravelInd
Written Policy Ref T And E Expnss	Yes (1)	WrittenPolicyRefTAndEExpnssInd
Substantiation Required	Yes (1)	SubstantiationRequiredInd
Independent Consultant	Yes (X)	IndependentConsultantInd
Form990 Of Other Organizations	Yes (X)	Form990OfOtherOrganizationsInd
Written Employment Contract	Yes (X)	WrittenEmploymentContractInd
Compensation Survey	Yes (X)	CompensationSurveyInd
Board Or Committee Approval	Yes (X)	BoardOrCommitteeApprovalInd
Severance Payment	0	SeverancePaymentInd
Supplemental Nonqual Rtr Plan	0	SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm	0	EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org	0	CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs	0	CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org	0	CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs	0	CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments	0	AnyNonFixedPaymentsInd
Initial Contract Exception	0	InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (6 entries)

TitleTitleTxt	Base Compensation Filing OrgBaseCompensationFilingOrgAmt	Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt	Bonus Filing OrganizationBonusFilingOrganizationAmount	Bonus Related OrganizationsBonusRelatedOrganizationsAmt	Other Compensation Filing OrgOtherCompensationFilingOrgAmt	Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt	Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt	Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt	Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt	Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt	Total Compensation Filing OrgTotalCompensationFilingOrgAmt	Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt	Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt	Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
WILLIAM B GIVHAN
COO/PRESIDENT	$662,982	$0	$0	$0	$0	$0	$53,039	$0	$20,602	$0	$736,623	$0	$0	$0
BRIAN M BLAKENEY
CHIEF FINANCIAL OFFICER	$421,092	$0	$42,000	$0	$0	$0	$37,047	$0	$29,515	$0	$529,654	$0	$0	$0
LYN R CONE
EXECUTIVE VP OF PROJECT OPERATIONS	$258,333	$0	$25,000	$0	$0	$0	$22,667	$0	$11,492	$0	$317,492	$0	$0	$0
JANET BROWN
VP FOR ADMIN/ASST SECRETARY	$227,630	$0	$22,700	$0	$0	$0	$20,026	$0	$29,515	$0	$299,871	$0	$0	$0
SELINA SIMPSON
VP OF INSURANCE & RISK MANAGEMENT	$195,639	$0	$18,500	$0	$0	$0	$17,131	$0	$698	$0	$231,968	$0	$0	$0
JOHN BROOKS SLAUGHTER
FORMER TREASURER	$13,750	$0	$0	$0	$0	$0	$0	$0	$0	$0	$13,750	$0	$0	$0

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	PART I, LINE 1A	FormAndLineReferenceDesc
Explanation	FIRST-CLASS TRAVEL WAS PROVIDED ON OCCASION TO ONE OFFICER OF THE FOUNDATION. THE TRAVEL WAS NOT CONSIDERED TAXABLE COMPENSATION. TRAVEL WAS CONSISTENT WITH THE FOUNDATION'S TRAVEL POLICY WHICH STATES, "OFFICERS AND DIRECTORS REQUESTING OFFICIAL TRAVEL SHOULD ATTEMPT TO TRAVEL BY THE MEANS MOST ECONOMICAL TO CHF. IN SELECTING A PARTICULAR METHOD OF TRANSPORTATION, CONSIDERATION SHALL BE GIVEN FOR THE TOTAL COST TO CHF WHICH WILL RESULT, INCLUDING LOST WORK, AND ACTUAL TRANSPORTATION COSTS, WITH THE UNDERSTANDING THAT OFTEN TIMES, CONVENIENCE AND URGENCY MAY NECESSITATE MORE EXPENSIVE TRANSPORTATION."	ExplanationTxt

Schedule K IRS990ScheduleK

Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (4 entries)

Bond ReferenceBondReferenceCd	Bond Issuer EINBondIssuerEIN	CUSIPCUSIPNum	Bond IssuedBondIssuedDt	Issue PriceIssuePriceAmt	PurposePurposeDesc	DefeasedDefeasedInd	On Behalf Of IssuerOnBehalfOfIssuerInd	Pool FinancingPoolFinancingInd
DELAWARE COUNTY AUTHORITY
A	231973437	000000000	2018-05-10	$4,050,980	TO PROVIDE FUNDS TO REFUND BONDS ISSUED ON DECEMBER 30, 2008	0	0	0
CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY
B	680164610	13078RGJ3	2016-03-15	$323,065,270	TO PROVIDE FUNDS TO REFUND BONDS ISSUED 12/14/2004, 4/27/2006 AND 7/30/2008	0	0	0
TOLEDO-LUCAS COUNTY PORT AUTHORITY
C	346406986	88927PAL3	2014-05-06	$37,908,501	TO CONSTRUCT A STUDENT HOUSING FACILITY AT UNIVERSITY OF TOLEDO	0	0	0
NEW HOPE CULTURAL EDUCATION FACILITIES FINANCE CORPORATION
D	261604618	64542RAX9	2014-05-29	$109,574,178	TO CONSTRUCT A STUDENT HOUSING FACILITY AT TEXAS A&M UNIVERSITY - COLLEGE ST	0	0	0

Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (4 entries)

Bond ReferenceBondReferenceCd	RetiredRetiredAmt	Total ProceedsTotalProceedsAmt	In Reserve FundInReserveFundAmt	Issuance Costs From ProceedsIssuanceCostsFromProceedsAmt	Other Spent ProceedsOtherSpentProceedsAmt	Substantial CompletionSubstantialCompletionYr	Refunding Tax Exempt BondsRefundingTaxExemptBondsInd	Refunding Taxable BondsRefundingTaxableBondsInd	Final Allocation MadeFinalAllocationMadeInd	Adequate Books And Rec MaintAdequateBooksAndRecMaintInd	Working Capital ExpendituresWorkingCapitalExpendituresAmt	Capitalized InterestCapitalizedInterestAmt	Capital ExpendituresCapitalExpendituresAmt	Credit EnhancementCreditEnhancementAmt
A	$2,415,949	$4,050,980	$405,098	$81,019	$3,969,960	2001	Yes (1)	0	Yes (1)	Yes (1)
B	$74,845,000	$323,065,270	$20,331,710	$2,886,146	$299,817,291		Yes (1)	Yes (1)	Yes (1)	Yes (1)	$30,183
C	$4,210,000	$37,934,808	$2,437,309	$694,725	$49,569	2015	0	0	Yes (1)	Yes (1)	$1,577,790	$2,371,030	$30,804,385
D	$16,855,000	$109,645,507	$6,740,105	$1,395,264		2015	0	0	Yes (1)	Yes (1)	$2,356,089	$6,087,264	$91,895,393	$1,171,393

Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (4 entries)

Bond ReferenceBondReferenceCd	Mgmt Contract Bond Fincd PropMgmtContractBondFincdPropInd	Procs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd	Engage Bond Counsel ContractsEngageBondCounselContractsInd
A	0	Yes (1)
B	Yes (1)	Yes (1)	Yes (1)
C	Yes (1)	Yes (1)	Yes (1)
D	0	Yes (1)

Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (4 entries)

Bond ReferenceBondReferenceCd	Form8038 T FiledForm8038TFiledInd	Rebate Not Due YetRebateNotDueYetInd	Exception To RebateExceptionToRebateInd	No Rebate DueNoRebateDueInd	Variable Rate IssueVariableRateIssueInd	Hedge Identified In Bks And RecHedgeIdentifiedInBksAndRecInd	Business Name Line2HedgeProviderName/BusinessNameLine2Txt	Term Of HedgeTermOfHedgePct	Superintegrated HedgeSuperintegratedHedgeInd	Hedge TerminatedHedgeTerminatedInd	Gross Proceeds Invested In GICGrossProceedsInvestedInGICInd	Gross Proceeds InvestedGrossProceedsInvestedInd	Written Proc To Monitor ReqsWrittenProcToMonitorReqsInd	Term Of GICTermOfGICPct	Regulatory Safe Harbor StsfdRegulatorySafeHarborStsfdInd
FIRST NATIONAL BANK
A	0	0	0	Yes (1)	Yes (1)	Yes (1)	OF PENNSYLVANIA	11.170000000000	0	0	0	Yes (1)	Yes (1)
SOCIETE GENERALE
B	0	0	Yes (1)	Yes (1)	0	0					Yes (1)	Yes (1)	Yes (1)	3.500000000000	Yes (1)
(no name)
C	0	0	0	Yes (1)	0	0					0	Yes (1)	Yes (1)
(no name)
D	0	0	0	Yes (1)	0	0					0	Yes (1)	Yes (1)

Procedures Corrective Action ProceduresCorrectiveActionGrp (4 entries)

Bond ReferenceBondReferenceCd	Procedures Corrective ActionProceduresCorrectiveActionInd
A	0
B	0
C	0
D	0

Supplemental Information Detail SupplementalInformationDetail (14 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
DATE REBATE COMPUTATION PERFORMED	ISSUER NAME: DELAWARE COUNTY AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 05/10/2025 ISSUER NAME: CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 03/15/2024 ISSUER NAME: TOLEDO-LUCAS COUNTY PORT AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 05/06/2025 ISSUER NAME: NEW HOPE CULTURAL EDUCATION FACILITIES FINANCE CORPORATION DATE THE REBATE COMPUTATION WAS PERFORMED: 05/29/2025 ISSUER NAME: ILLINOIS FINANCE AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 05/07/2025 ISSUER NAME: PUBLIC FINANCE AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 07/01/2024 ISSUER NAME: CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 08/17/2023 ISSUER NAME: ILLINOIS FINANCE AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 12/19/2024 ISSUER NAME: NEW HOPE CULTURAL EDUCATION FACILITIES FINANCE CORPORATION DATE THE REBATE COMPUTATION WAS PERFORMED: 03/20/2025 ISSUER NAME: KENT COUNTY, DELAWARE DATE THE REBATE COMPUTATION WAS PERFORMED: 07/01/2024 ISSUER NAME: NEW HOPE CULTURAL EDUCATION FACILITIES FINANCE CORPORATION DATE THE REBATE COMPUTATION WAS PERFORMED: 08/30/2024 ISSUER NAME: CALIFORNIA MUNICIPAL FINANCE AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 05/15/2024 ISSUER NAME: CALIFORNIA MUNICIPAL FINANCE AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 05/14/2024 ISSUER NAME: PUBLIC FINANCE AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 06/30/2025 ISSUER NAME: NEW HOPE CULTURAL EDUCATION FACILITIES FINANCE CORPORATION DATE THE REBATE COMPUTATION WAS PERFORMED: 04/05/2025
SCHEDULE K , PART I, ENTITY 3, LINE C, COLUMN F	(CONTINUED FROM PAGE 50) STUDENT HOUSING FACILITIES AT TEXAS WOMAN'S UNIVERSITY
SCHEDULE K , PART I, ENTITY 5, LINE C, COLUMN F	(CONTINUED FROM PAGE 51) UNIVERSITY OF CALIFORNIA IRVINE AND PROVIDE FUNDS TO REFUND BONDS ISSUED 01/11/2012
SCHEDULE K, PART I, ENTITY 6, LINE A, COLUMN F	(CONTINUED FROM PAGE 51) A CHILDCARE FACILITY AT THE UNIVERSITY OF HAWAII AT MANOA SCHEDULE K, PART I, ENTITY 6, LINE B, COLUMN F (CONTINUED FROM PAGE 51) A RECREATIONAL FACILITY AND PARKING GARAGE IMPROVEMENTS AT SAMFORD UNIVERSITY, AND TO REFUND A TAXABLE LOAN ISSUED JUNE 30, 2023.
SCHEDULE K, PART I, ENTITY 1, LINE D COLUMN C	NEW HOPE CULTURAL EDUCATION FACILITIES FINANCE CORPORATION'S BOND ISSUANCE ON 05/29/2014 HAS TWO CUSIP NUMBERS, 64542RAX9 AND 64542RAY7.
SCHEDULE K, PART I, ENTITY 6, LINE B, COLUMN C	THE EDUCATIONAL BUILDING AUTHORITY OF THE CITY OF HOMEWOOD'S BOND ISSUANCE ON 06/20/2024 HAS TWO CUSIP NUMBERS, 43788VAN9 AND 437887HZ8.
SCH K, PART I, ENTITY 6, LINE A, COLUMN C	THE PUBLIC FINANCE AUTHORITY'S BOND ISSUANCE ON 9/21/2023 HAS TWO CUSIP NUMBERS, 74439YEU1 AND 74439YEV9.
SCHEDULE K	SIX SCHEDULE K SCHEDULES COMPLETED TO ACCOUNT FOR ALL OUTSTANDING POST-DECEMBER 31, 2002 BONDS.
SCHEDULE K, PART II, LINE 3	DIFFERENCES BETWEEN SCHEDULE K PART I COLUMN E AND PART II LINE 3 TOLEDO-LUCAS COUNTY PORT AUTHORITY 5/6/14 ISSUE - INVESTMENT EARNINGS DURING THE PROJECT PERIOD NEW HOPE CULTURAL EDUCATION FACILITIES FINANCE CORPORATION 5/29/14 ISSUE - INVESTMENT EARNINGS DURING THE PROJECT PERIOD ILLINOIS FINANCE AUTHORITY 05/07/15 ISSUE -INVESTMENT EARNINGS DURING THE PROJECT PERIOD PUBLIC FINANCE AUTHORITY 6/10/15 ISSUE - INVESTMENT EARNINGS DURING THE PROJECT PERIOD CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY 8/17/17 ISSUE -INVESTMENT EARNINGS DURING THE PROJECT PERIOD ILLINOIS FINANCE AUTHORITY 12/19/17 ISSUE -INVESTMENT EARNINGS DURING THE PROJECT PERIOD NEW HOPE CULTURAL EDUCATION FACILITIES FINANCE CORPORATION 3/20/18 ISSUE -INVESTMENT EARNINGS DURING THE PROJECT PERIOD KENT COUNTY, DELAWARE 5/08/18 ISSUE -INVESTMENT EARNINGS DURING THE PROJECT PERIOD NEW HOPE CULTURAL EDUCATION FACILITIES FINANCE CORPORATION 8/30/18 ISSUE -INVESTMENT EARNINGS DURING THE PROJECT PERIOD CALIFORNIA MUNICIPAL FINANCE AUTHORITY 12/13/18 ISSUE -INVESTMENT EARNINGS DURING THE PROJECT PERIOD CALIFORNIA MUNICIPAL FINANCE AUTHORITY 12/14/18 ISSUE -INVESTMENT EARNINGS DURING THE PROJECT PERIOD PUBLIC FINANCE AUTHORITY 12/20/18 ISSUE -INVESTMENT EARNINGS DURING THE PROJECT PERIOD NEW HOPE CULTURAL EDUCATION FACILITIES FINANCE CORPORATION 4/05/19 ISSUE -THE BOND ISSUE IS A DRAW-DOWN ISSUE, AND AS OF JUNE 30, 2024, $36,327,186 OF SALES PROCEEDS WERE DRAWN. TOTAL PROCEEDS OF ISSUE ALSO INCLUDE INVESTMENT EARNINGS DURING THE PROJECT PERIOD CALIFORNIA MUNICIPAL FINANCE AUTHORITY 7/17/2019 ISSUE - INVESTMENT EARNINGS DURING THE PROJECT PERIOD ESSEX COUNTY IMPROVEMENT AUTHORITY 4/29/2021 ISSUE - INVESTMENT EARNINGS DURING THE PROJECT PERIOD CALIFORNIA MUNICIPAL FINANCE AUTHORITY 5/25/2021 ISSUE - INVESTMENT EARNINGS DURING THE PROJECT PERIOD CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY 10/26/2021 ISSUE - INVESTMENT EARNINGS DURING THE PROJECT PERIOD INDIANA FINANCE AUTHORITY 6/13/2023 ISSUE - INVESTMENT EARNINGS DURING THE PROJECT PERIOD PUBLIC FINANCE AUTHORITY 9/21/2023 ISSUE - INVESTMENT EARNINGS DURING THE PROJECT PERIOD THE EDUCATIONAL BUILDING AUTHORITY OF THE CITY OF HOMEWOOD 6/20/24 ISSUE - INVESTMENT EARNINGS DURING THE PROJECT PERIOD
SCHEDULE K, PART II, ENTITY 2, LINE 12	PUBLIC FINANCE AUTHORITY 06/10/2015 ISSUE: ONLY UNSPENT PROCEEDS ARE HELD IN THE REDEMPTION FUND AND ALLOCATED FOR UPCOMING PRINCIPAL PAYMENTS.
SCHEDULE K, PART II, ENTITY 3, LINE 12	CALIFORNIA MUNICIPAL FINANCE AUTHORITY 12/13/18 ISSUE: ONLY UNSPENT PROCEEDS ARE HELD IN THE CONSTRUCTION FUND PENDING RESOLUTION OF A CONSTRUCTION DISPUTE AND ALLOCATED FOR CAPITAL EXPENDITURES.
SCHEDULE K, PART II, ENTITY 5, LINE 12	ESSEX COUNTY IMPROVEMENT AUTHORITY 04/29/2021 ISSUE: ONLY UNSPENT PROCEEDS ARE HELD IN THE CONSTRUCTION FUND AND ALLOCATED FOR CAPITAL EXPENDITURES.
SCHEDULE K, PART IV, LINE 6	FOR PROJECTS WITH GROSS PROCEEDS INVESTED BEYOND THE TEMPORARY PERIOD, SUCH PROCEEDS ARE EITHER INVESTED AT A YIELD LESS THAN THE YIELD ON THE RESPECTIVE BONDS, PROCEEDS CONSTITUTE A MINOR PORTION UNDER TREAS. REG. 1.148-2(G), OR REBATE IS CALCULATED TO BE PAID PRIOR TO THE DUE DATE.
SCHEDULE K PART V	THE FOUNDATION HAS ADOPTED WRITTEN PROCEDURES TO ENSURE POST-ISSUANCE COMPLIANCE WITH FEDERAL TAX REQUIREMENTS NECESSARY TO ENSURE THE TAX-EXEMPT BONDS REMAIN TAX-EXEMPT AND TO ENSURE THAT VIOLATIONS ARE TIMELY IDENTIFIED. THE POLICY DOES NOT REQUIRE CORRECTION THROUGH THE VOLUNTARY CLOSING AGREEMENT PROGRAM.

Schedule K IRS990ScheduleK

Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (4 entries)

Bond ReferenceBondReferenceCd	Bond Issuer EINBondIssuerEIN	CUSIPCUSIPNum	Bond IssuedBondIssuedDt	Issue PriceIssuePriceAmt	PurposePurposeDesc	DefeasedDefeasedInd	On Behalf Of IssuerOnBehalfOfIssuerInd	Pool FinancingPoolFinancingInd
ILLINOIS FINANCE AUTHORITY
A	861091967	45202QCM3	2015-05-07	$40,066,982	TO CONSTRUCT A STUDENT HOUSING FACILITY AT NORTHEASTERN ILLINOIS UNIVERSITY	0	0	0
PUBLIC FINANCE AUTHORITY
B	273866124	74439YAK7	2015-06-10	$27,377,183	TO CONSTRUCT A STUDENT HOUSING FACILITY AT WESTERN CAROLINA UNIVERSITY	0	0	0
CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY
C	680164610	13078RHG8	2017-08-17	$172,763,789	TO CONSTRUCT A STUDENT HOUSING FACILITY AT UNIVERSITY OF CALIFORNIA, IRVINE	0	0	0
ILLINOIS FINANCE AUTHORITY
D	861091967	45203KAQ8	2017-12-19	$103,938,169	TO CONSTRUCT A STUDENT HOUSING FACILITY AT UNIVERSITY OF ILLINOIS AT CHICAGO	0	0	0

Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (4 entries)

Bond ReferenceBondReferenceCd	RetiredRetiredAmt	Total ProceedsTotalProceedsAmt	In Reserve FundInReserveFundAmt	Capitalized InterestCapitalizedInterestAmt	Issuance Costs From ProceedsIssuanceCostsFromProceedsAmt	Working Capital ExpendituresWorkingCapitalExpendituresAmt	Capital ExpendituresCapitalExpendituresAmt	Substantial CompletionSubstantialCompletionYr	Final Allocation MadeFinalAllocationMadeInd	Adequate Books And Rec MaintAdequateBooksAndRecMaintInd	UnspentUnspentAmt
A	$3,175,000	$40,070,115	$2,568,033	$2,465,239	$771,900	$1,718,993	$32,545,950	2016	Yes (1)	Yes (1)
B	$1,620,000	$27,395,216	$1,752,468	$1,560,487	$542,062	$684,981	$22,850,684	2016	Yes (1)	Yes (1)	$4,534
C	$12,175,000	$176,517,418	$9,678,778	$15,123,215	$1,693,576	$6,659,169	$143,362,707	2019	Yes (1)	Yes (1)
D	$7,310,000	$105,721,417	$6,194,689	$7,747,752	$1,787,905	$4,925,032	$85,066,039	2019	Yes (1)	Yes (1)

Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (4 entries)

Bond ReferenceBondReferenceCd	Mgmt Contract Bond Fincd PropMgmtContractBondFincdPropInd	Engage Bond Counsel ContractsEngageBondCounselContractsInd	Procs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd
A	Yes (1)	Yes (1)	Yes (1)
B	0		Yes (1)
C	Yes (1)	Yes (1)	Yes (1)
D	Yes (1)	Yes (1)	Yes (1)

Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (4 entries)

Bond ReferenceBondReferenceCd	Form8038 T FiledForm8038TFiledInd	Rebate Not Due YetRebateNotDueYetInd	Exception To RebateExceptionToRebateInd	No Rebate DueNoRebateDueInd	Variable Rate IssueVariableRateIssueInd	Hedge Identified In Bks And RecHedgeIdentifiedInBksAndRecInd	Gross Proceeds Invested In GICGrossProceedsInvestedInGICInd	Gross Proceeds InvestedGrossProceedsInvestedInd	Written Proc To Monitor ReqsWrittenProcToMonitorReqsInd	Term Of GICTermOfGICPct	Regulatory Safe Harbor StsfdRegulatorySafeHarborStsfdInd
(no name)
A	0	0	0	Yes (1)	0	0	0	Yes (1)	Yes (1)
(no name)
B	0	0	0	Yes (1)	0	0	0	Yes (1)	Yes (1)
SOCIETE GENERALE
C	0	0	0	Yes (1)	0	0	Yes (1)	Yes (1)	Yes (1)	4.500000000000	Yes (1)
(no name)
D	0	0	0	Yes (1)	0	0	0	Yes (1)	Yes (1)

Procedures Corrective Action ProceduresCorrectiveActionGrp (4 entries)

Bond ReferenceBondReferenceCd	Procedures Corrective ActionProceduresCorrectiveActionInd
A	0
B	0
C	0
D	0

Schedule K IRS990ScheduleK

Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (4 entries)

Bond ReferenceBondReferenceCd	Bond Issuer EINBondIssuerEIN	CUSIPCUSIPNum	Bond IssuedBondIssuedDt	Issue PriceIssuePriceAmt	PurposePurposeDesc	DefeasedDefeasedInd	On Behalf Of IssuerOnBehalfOfIssuerInd	Pool FinancingPoolFinancingInd
NEW HOPE CULTURAL EDUCATION FACILITIES FINANCE CORPORATION
A	261604618	64542YAN6	2018-03-20	$74,348,245	TO CONSTRUCT A STUDENT HOUSING FACILITY AT TEXAS WOMAN'S UNIVERSITY	0	0	0
KENT COUNTY DELAWARE
B	516000145	490237AR5	2018-05-08	$74,665,463	TO CONSTRUCT A STUDENT HOUSING FACILITY AT DELAWARE STATE UNIVERSITY	0	0	0
NEW HOPE CULTURAL EDUCATION FACILITIES FINANCE CORPORATION
C	261604618	64542YBH8	2018-08-30	$19,457,868	TO CONSTRUCT A DINING FACILITY IN CONNECTION WITH (CONTINUED ON PAGE 53)	0	0	0
CALIFORNIA MUNICIPAL FINANCE AUTHORITY
D	201563466	13049YBNO	2018-12-13	$560,242,616	TO CONSTRUCT A STUDENT HOUSING FACILITY AT THE UNIVERSITY OF CALIFORNIA DAVI	0	0	0

Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (4 entries)

Bond ReferenceBondReferenceCd	RetiredRetiredAmt	Total ProceedsTotalProceedsAmt	In Reserve FundInReserveFundAmt	Capitalized InterestCapitalizedInterestAmt	Issuance Costs From ProceedsIssuanceCostsFromProceedsAmt	Credit EnhancementCreditEnhancementAmt	Working Capital ExpendituresWorkingCapitalExpendituresAmt	Capital ExpendituresCapitalExpendituresAmt	Substantial CompletionSubstantialCompletionYr	Final Allocation MadeFinalAllocationMadeInd	Adequate Books And Rec MaintAdequateBooksAndRecMaintInd	Other Spent ProceedsOtherSpentProceedsAmt	UnspentUnspentAmt
A	$470,000	$75,518,807	$4,154,219	$4,635,013	$1,357,695	$1,175,518	$1,731,856	$62,528,682	2019	Yes (1)	Yes (1)
B	$1,505,000	$75,924,103	$4,242,500	$4,452,778	$1,459,044		$3,059,234	$62,565,345	2019	Yes (1)	Yes (1)	$176,713
C	$545,000	$19,760,044	$1,030,818	$927,442	$358,035	$297,625	$400,376	$16,746,424	2019	Yes (1)	Yes (1)
D	$16,985,000	$580,685,210	$25,991,322	$62,164,913	$3,764,384	$1,359,646	$12,045,311	$475,379,411	2021	0	Yes (1)		$661,025

Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (4 entries)

Bond ReferenceBondReferenceCd	Mgmt Contract Bond Fincd PropMgmtContractBondFincdPropInd	Procs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd	Engage Bond Counsel ContractsEngageBondCounselContractsInd
A	0	Yes (1)
B	Yes (1)	Yes (1)	Yes (1)
C	0	Yes (1)
D	Yes (1)	Yes (1)	Yes (1)

Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (4 entries)

Bond ReferenceBondReferenceCd	Form8038 T FiledForm8038TFiledInd	Rebate Not Due YetRebateNotDueYetInd	Exception To RebateExceptionToRebateInd	No Rebate DueNoRebateDueInd	Variable Rate IssueVariableRateIssueInd	Hedge Identified In Bks And RecHedgeIdentifiedInBksAndRecInd	Gross Proceeds Invested In GICGrossProceedsInvestedInGICInd	Gross Proceeds InvestedGrossProceedsInvestedInd	Written Proc To Monitor ReqsWrittenProcToMonitorReqsInd	Business Name Line2GICProviderName/BusinessNameLine2Txt	Term Of GICTermOfGICPct	Regulatory Safe Harbor StsfdRegulatorySafeHarborStsfdInd
(no name)
A	0	0	0	Yes (1)	0	0	0	0	Yes (1)
BAYERISCHE
B	0	0	0	Yes (1)	0	0	Yes (1)	Yes (1)	Yes (1)	LANDESBANK	10.000000000000	Yes (1)
(no name)
C	0	0	0	Yes (1)	0	0	0	0	Yes (1)
MASS MUTUAL
D	0	0	0	Yes (1)	0	0	Yes (1)	Yes (1)	Yes (1)		5.900000000000	Yes (1)

Procedures Corrective Action ProceduresCorrectiveActionGrp (4 entries)

Bond ReferenceBondReferenceCd	Procedures Corrective ActionProceduresCorrectiveActionInd
A	0
B	0
C	0
D	0

Schedule K IRS990ScheduleK

Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (4 entries)

Bond ReferenceBondReferenceCd	Bond Issuer EINBondIssuerEIN	CUSIPCUSIPNum	Bond IssuedBondIssuedDt	Issue PriceIssuePriceAmt	PurposePurposeDesc	DefeasedDefeasedInd	On Behalf Of IssuerOnBehalfOfIssuerInd	Pool FinancingPoolFinancingInd
CALIFORNIA MUNICIPAL FINANCE AUTHORITY
A	201563466	13049YCL3	2018-12-14	$156,891,289	TO CONSTRUCT A STUDENT HOUSING FACILITY AT THE UNIVERSITY OF CALIFORNIA RIVE	0	0	0
PUBLIC FINANCE AUTHORITY
B	273866124	74439YBG5	2018-12-20	$156,568,030	TO CONSTRUCT A STUDENT HOUSING FACILITY AT UNC WILMINGTON	0	0	0
NEW HOPE CULTURAL EDUCATION FACILITIES FINANCE CORPORATION
C	261604618	000000000	2019-04-05	$37,373,103	TO CONSTRUCT A STUDENT HOUSING FACILITY AT PRAIRIE VIEW A&M UNIVERSITY	0	0	0
CALIFORNIA MUNICIPAL FINANCE AUTHORITY
D	201563466	13049YEC1	2019-07-17	$210,418,504	TO CONSTRUCT A STUDENT HOUSING FACILITY AT THE UNIVERSITY OF CALIFORNIA RIVE	0	0	0

Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (4 entries)

Bond ReferenceBondReferenceCd	RetiredRetiredAmt	Total ProceedsTotalProceedsAmt	In Reserve FundInReserveFundAmt	Capitalized InterestCapitalizedInterestAmt	Issuance Costs From ProceedsIssuanceCostsFromProceedsAmt	Credit EnhancementCreditEnhancementAmt	Working Capital ExpendituresWorkingCapitalExpendituresAmt	Capital ExpendituresCapitalExpendituresAmt	Substantial CompletionSubstantialCompletionYr	Final Allocation MadeFinalAllocationMadeInd	Adequate Books And Rec MaintAdequateBooksAndRecMaintInd
A	$8,850,000	$161,169,140	$9,070,322	$11,620,168	$1,860,826	$627,453	$5,374,259	$132,699,963	2020	Yes (1)	Yes (1)
B	$1,350,000	$161,554,540	$4,501,375	$15,101,978	$2,181,774	$2,423,311	$3,088,323	$134,257,779	2021	Yes (1)	Yes (1)
C	$4,374,020	$37,373,283		$749,373	$643,968		$512,462	$34,421,565	2020	Yes (1)	Yes (1)
D	$7,165,000	$215,148,568	$11,507,982	$18,187,309	$1,824,392	$353,687	$8,835,526	$174,865,502	2021	Yes (1)	Yes (1)

Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (4 entries)

Bond ReferenceBondReferenceCd	Mgmt Contract Bond Fincd PropMgmtContractBondFincdPropInd	Engage Bond Counsel ContractsEngageBondCounselContractsInd	Procs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd
A	Yes (1)	Yes (1)	Yes (1)
B	Yes (1)	Yes (1)	Yes (1)
C	Yes (1)	Yes (1)	Yes (1)
D	Yes (1)	Yes (1)	Yes (1)

Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (4 entries)

Bond ReferenceBondReferenceCd	Form8038 T FiledForm8038TFiledInd	Rebate Not Due YetRebateNotDueYetInd	Exception To RebateExceptionToRebateInd	No Rebate DueNoRebateDueInd	Variable Rate IssueVariableRateIssueInd	Hedge Identified In Bks And RecHedgeIdentifiedInBksAndRecInd	Gross Proceeds Invested In GICGrossProceedsInvestedInGICInd	Term Of GICTermOfGICPct	Regulatory Safe Harbor StsfdRegulatorySafeHarborStsfdInd	Gross Proceeds InvestedGrossProceedsInvestedInd	Written Proc To Monitor ReqsWrittenProcToMonitorReqsInd
MASS MUTUAL
A	0	0	0	Yes (1)	0	0	Yes (1)	5.900000000000	Yes (1)	0	Yes (1)
(no name)
B	0	0	0	Yes (1)	0	0	0			Yes (1)	Yes (1)
(no name)
C	0	0	0	Yes (1)	0	0	0			0	Yes (1)
(no name)
D	Yes (1)				0	0	0			Yes (1)	Yes (1)

Procedures Corrective Action ProceduresCorrectiveActionGrp (4 entries)

Bond ReferenceBondReferenceCd	Procedures Corrective ActionProceduresCorrectiveActionInd
A	0
B	0
C	0
D	0

Schedule K IRS990ScheduleK

Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (4 entries)

Bond ReferenceBondReferenceCd	Bond Issuer EINBondIssuerEIN	CUSIPCUSIPNum	Bond IssuedBondIssuedDt	Issue PriceIssuePriceAmt	PurposePurposeDesc	DefeasedDefeasedInd	On Behalf Of IssuerOnBehalfOfIssuerInd	Pool FinancingPoolFinancingInd
ESSEX COUNTY IMPROVEMENT AUTHORITY
A	222023989	296806PP1	2021-04-29	$95,189,723	TO CONSTRUCT A STUDENT HOUSING FACILITY AT NEW JERSEY INSTITUTE OF TECHNOLOG	0	0	0
CALIFORNIA MUNICIPAL FINANCE AUTHORITY
B	201563466	13049YFR7	2021-05-25	$318,172,030	TO CONSTRUCT A STUDENT HOUSING FACILITY AT THE UNIVERSITY OF CALIFORNIA DAVI	0	0	0
CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY
C	680164610	13078RJE1	2021-10-26	$221,865,387	TO CONSTRUCT A STUDENT HOUSING FACILITY AT THE (CONTINUED ON PAGE 53)	0	0	0
INDIANA FINANCE AUTHORITY
D	351602316	45471FAH4	2023-06-13	$134,223,288	TO CONSTRUCT A STUDENT HOUSING FACILITY AT PURDUE UNIVERSITY	0	0	0

Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (4 entries)

Bond ReferenceBondReferenceCd	Total ProceedsTotalProceedsAmt	Capitalized InterestCapitalizedInterestAmt	Issuance Costs From ProceedsIssuanceCostsFromProceedsAmt	Credit EnhancementCreditEnhancementAmt	Working Capital ExpendituresWorkingCapitalExpendituresAmt	Capital ExpendituresCapitalExpendituresAmt	UnspentUnspentAmt	Substantial CompletionSubstantialCompletionYr	Refunding Tax Exempt BondsRefundingTaxExemptBondsInd	Final Allocation MadeFinalAllocationMadeInd	Adequate Books And Rec MaintAdequateBooksAndRecMaintInd	RetiredRetiredAmt	In Reserve FundInReserveFundAmt	Other Spent ProceedsOtherSpentProceedsAmt
A	$95,280,560	$4,330,901	$887,675	$377,665	$1,142,347	$88,519,432	$22,540	2022	0	0	Yes (1)
B	$322,004,140	$23,706,086	$2,297,882	$3,716,900	$10,719,220	$267,008,110		2023	0	Yes (1)	Yes (1)	$8,880,000	$14,917,049
C	$224,915,216	$8,775,562	$1,947,851	$1,674,741	$6,503,135	$124,738,086		2023	Yes (1)	Yes (1)	Yes (1)	$11,300,000	$14,601,494	$67,819,049
D	$143,355,674	$13,716,996	$2,428,933			$93,387,933	$26,370,493		0	0	Yes (1)		$7,451,319

Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (4 entries)

Bond ReferenceBondReferenceCd	Mgmt Contract Bond Fincd PropMgmtContractBondFincdPropInd	Procs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd	Engage Bond Counsel ContractsEngageBondCounselContractsInd
A	0	Yes (1)
B	Yes (1)	Yes (1)	Yes (1)
C	Yes (1)	Yes (1)	Yes (1)
D	Yes (1)	Yes (1)	Yes (1)

Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (4 entries)

Bond ReferenceBondReferenceCd	Form8038 T FiledForm8038TFiledInd	Rebate Not Due YetRebateNotDueYetInd	Exception To RebateExceptionToRebateInd	No Rebate DueNoRebateDueInd	Variable Rate IssueVariableRateIssueInd	Hedge Identified In Bks And RecHedgeIdentifiedInBksAndRecInd	Gross Proceeds Invested In GICGrossProceedsInvestedInGICInd	Gross Proceeds InvestedGrossProceedsInvestedInd	Written Proc To Monitor ReqsWrittenProcToMonitorReqsInd	Term Of GICTermOfGICPct	Regulatory Safe Harbor StsfdRegulatorySafeHarborStsfdInd	Business Name Line2GICProviderName/BusinessNameLine2Txt
(no name)
A	0	Yes (1)	0	0	0	0	0	Yes (1)	Yes (1)
MASS MUTUAL
B	0	Yes (1)	0	0	0	0	Yes (1)	Yes (1)	Yes (1)	8.400000000000	Yes (1)
MASS MUTUAL
C	0	Yes (1)	Yes (1)	0	0	0	Yes (1)	0	Yes (1)	8.500000000000	Yes (1)
TORONTO-DOMINION
D	0	Yes (1)	0	0	0	0	Yes (1)	0	Yes (1)	5.000000000000	Yes (1)	BANK

Procedures Corrective Action ProceduresCorrectiveActionGrp (4 entries)

Bond ReferenceBondReferenceCd	Procedures Corrective ActionProceduresCorrectiveActionInd
A	0
B	0
C	0
D	0

Schedule K IRS990ScheduleK

Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (2 entries)

Bond ReferenceBondReferenceCd	Bond Issuer EINBondIssuerEIN	CUSIPCUSIPNum	Bond IssuedBondIssuedDt	Issue PriceIssuePriceAmt	PurposePurposeDesc	DefeasedDefeasedInd	On Behalf Of IssuerOnBehalfOfIssuerInd	Pool FinancingPoolFinancingInd
PUBLIC FINANCE AUTHORITY
A	273866124	74439YEV9	2023-09-21	$169,792,182	TO CONSTRUCT A STUDENT HOUSING FACILITY AND (CONTINUED ON PAGE 53)	0	0	0
THE EDUCATIONAL BUILDING AUTHORITY OF THE CITY OF HOMEWOOD
B	521442481	43788VAN9	2024-06-20	$204,015,384	TO CONSTRUCT A STUDENT HOUSING FACILITY, (CONTINUED ON PAGE 53)	0	0	0

Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (2 entries)

Bond ReferenceBondReferenceCd	Total ProceedsTotalProceedsAmt	In Reserve FundInReserveFundAmt	Capitalized InterestCapitalizedInterestAmt	Issuance Costs From ProceedsIssuanceCostsFromProceedsAmt	Capital ExpendituresCapitalExpendituresAmt	UnspentUnspentAmt	Refunding Tax Exempt BondsRefundingTaxExemptBondsInd	Refunding Taxable BondsRefundingTaxableBondsInd	Final Allocation MadeFinalAllocationMadeInd	Adequate Books And Rec MaintAdequateBooksAndRecMaintInd
A	$179,703,500	$11,781,900	$9,543,488	$2,633,014	$117,437,012	$38,308,086	0	0	0	Yes (1)
B	$207,165,715	$6,533,014	$6,284,218	$3,925,471	$163,038,004	$27,385,009	0	Yes (1)	0	Yes (1)

Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (2 entries)

Bond ReferenceBondReferenceCd	Owning Bond Financed PropertyOwningBondFinancedPropertyInd	Any Lease ArrangementsAnyLeaseArrangementsInd	Mgmt Contract Bond Fincd PropMgmtContractBondFincdPropInd	Engage Bond Counsel ContractsEngageBondCounselContractsInd	Any Research AgreementsAnyResearchAgreementsInd	Bond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestInd	Change In Use Bond Financed PropChangeInUseBondFinancedPropInd	Procs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd
A	0	0	Yes (1)	Yes (1)	0	0	0	Yes (1)
B	0	0	Yes (1)	Yes (1)	0	0	0	Yes (1)

Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (2 entries)

Bond ReferenceBondReferenceCd	Form8038 T FiledForm8038TFiledInd	Rebate Not Due YetRebateNotDueYetInd	Exception To RebateExceptionToRebateInd	No Rebate DueNoRebateDueInd	Variable Rate IssueVariableRateIssueInd	Hedge Identified In Bks And RecHedgeIdentifiedInBksAndRecInd	Gross Proceeds Invested In GICGrossProceedsInvestedInGICInd	Gross Proceeds InvestedGrossProceedsInvestedInd	Written Proc To Monitor ReqsWrittenProcToMonitorReqsInd
A	0	Yes (1)	0	0	0	0	0	0	Yes (1)
B	0	Yes (1)	0	0	0	0	0	0	Yes (1)

Procedures Corrective Action ProceduresCorrectiveActionGrp (2 entries)

Bond ReferenceBondReferenceCd	Procedures Corrective ActionProceduresCorrectiveActionInd
A	0
B	0

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (10 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 3	THE STUDENT HOUSING FACILITIES OWNED BY THE ORGANIZATION ARE MANAGED BY THE ASSOCIATED MEMBER COLLEGE OR UNIVERSITY OR BY AN INDEPENDENT MANAGEMENT COMPANY APPROVED BY SUCH COLLEGE OR UNIVERSITY.
FORM 990, PART VI, SECTION A, LINE 4	ON DECEMBER 9, 2024, THE FOUNDATION AMENDED ITS BYLAWS TO REVISE BOARD GOVERNANCE PROVISIONS, INCLUDING CHANGES TO THE NUMBER AND CLASSIFICATION OF DIRECTORS, THE STRUCTURE OF DIRECTOR CLASSES, THE LENGTH OF DIRECTOR TERMS, AND THE TIMING AND REPORTING OF DIRECTOR ELECTIONS.
FORM 990, PART VI, SECTION A, LINE 6	ANY COLLEGE OR UNIVERSITY FOR WHICH THE ORGANIZATION OWNS AND OPERATES A STUDENT HOUSING FACILITY OR RELATED IMPROVEMENTS IS A MEMBER OF THE ORGANIZATION AS LONG AS THE ORGANIZATION OWNS OR OPERATES SUCH FACILITIES.
FORM 990, PART VI, SECTION A, LINE 7A	THE MEMBER COLLEGES AND UNIVERSITIES ELECT MEMBERS OF THE ORGANIZATION'S BOARD OF DIRECTORS
FORM 990, PART VI, SECTION A, LINE 8B	ORGANIZATION HAS NO COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
FORM 990, PART VI, SECTION B, LINE 11B	A DRAFT OF THE FORM 990 IS PREPARED BY THE ORGANIZATION'S ACCOUNTING FIRM, AND AFTER REVIEW BY THE ORGANIZATION'S LEGAL COUNSEL, IS REVIEWED AND APPROVED BY THE CFO OF THE ORGANIZATION BEFORE BEING FILED. A COPY IS ALSO FURNISHED TO EACH OF THE ORGANIZATION'S BOARD MEMBERS PRIOR TO FILING.
FORM 990, PART VI, SECTION B, LINE 12C	EACH OFFICER, DIRECTOR AND KEY EMPLOYEE IS ANNUALLY REQUIRED TO ACKNOWLEDGE IN WRITING THEIR RECEIPT OF THE ORGANIZATION'S WRITTEN CONFLICT OF INTEREST POLICY AND AGREE TO COMPLY WITH THE SAME.
FORM 990, PART VI, SECTION B, LINE 15	THE BOARD OF DIRECTORS REVIEWED COMPETITIVE MARKET DATA, SALARY DATA AND/OR COMPENSATION REPORTS PREPARED BY AN INDEPENDENT EXECUTIVE COMPENSATION FIRM FOR INDIVIDUALS IN FUNCTIONALLY COMPARABLE POSITIONS PRIOR TO DETERMINING THE COMPENSATION FOR ITS TOP MANAGEMENT OFFICIAL, TOP FINANCIAL OFFICER, AND SENIOR MANAGEMENT OFFICIALS AND BASED ITS OFFICERS' SALARIES ON SUCH INFORMATION.
FORM 990, PART VI, SECTION C, LINE 19	COPIES OF DOCUMENTS REQUIRED BY LAW TO BE AVAILABLE TO THE PUBLIC ARE PROVIDED UPON REQUEST
FORM 990, PART XI, LINE 9:	CHANGE IN FAIR VALUE OF INTEREST RATE SWAPS: -741,592.

Schedule R IRS990ScheduleR

Id Disregarded Entities IdDisregardedEntitiesGrp (30 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	EINEIN	Primary ActivitiesPrimaryActivitiesTxt	Legal Domicile StateLegalDomicileStateCd	Total IncomeTotalIncomeAmt	End Of Year AssetsEndOfYearAssetsAmt	Direct Controlling NADirectControllingNACd
CHF - ASHLAND LLC
PO BOX 1385	FAIRHOPE	AL	365331385	453727372	TO FINANCE, OWN AND OPERATE STUDENT HOUSING FACILITIES FOR THE UNIVERSITY	AL	$7,314,546	$34,259,046	N/A
CHF - CHICAGO LLC
PO BOX 1385	FAIRHOPE	AL	365331385	822664576	TO FINANCE, OWN AND OPERATE STUDENT HOUSING FACILITIES FOR THE UNIVERSITY	AL	$9,922,953	$88,824,699	N/A
CHF - COLLEGIATE HOUSING COLLEGE STATION I LLC
PO BOX 1385	FAIRHOPE	AL	365331385	464862462	TO FINANCE, OWN AND OPERATE STUDENT HOUSING FACILITIES FOR THE UNIVERSITY	AL	$14,235,170	$80,388,024	N/A
CHF - COLLEGIATE HOUSING COMMERCE LLC
PO BOX 1385	FAIRHOPE	AL	365331385	474897746	TO FINANCE, OWN AND OPERATE STUDENT HOUSING FACILITIES FOR THE UNIVERSITY	AL	$0	$0	N/A
CHF - COLLEGIATE HOUSING DENTON LLC
PO BOX 1385	FAIRHOPE	AL	365331385	823240693	TO FINANCE, OWN AND OPERATE STUDENT HOUSING FACILITIES FOR THE UNIVERSITY	AL	$7,983,274	$85,662,835	N/A
CHF - COLLEGIATE HOUSING PRAIRIE VIEW IX LLC
PO BOX 1385	FAIRHOPE	AL	365331385	833610376	TO FINANCE, OWN AND OPERATE STUDENT HOUSING FACILITIES FOR THE UNIVERSITY	AL	$4,613,202	$31,307,482	N/A
CHF - COOK LLC
PO BOX 1385	FAIRHOPE	AL	365331385	472289120	TO FINANCE, OWN AND OPERATE STUDENT HOUSING FACILITIES FOR THE UNIVERSITY	AL	$5,901,986	$33,925,873	N/A
CHF - CULLOWHEE LLC
PO BOX 1385	FAIRHOPE	AL	365331385	473010505	TO FINANCE, OWN AND OPERATE STUDENT HOUSING FACILITIES FOR THE UNIVERSITY	AL	$3,518,587	$23,702,693	N/A
CHF - DAVIS I LLC
PO BOX 1385	FAIRHOPE	AL	365331385	823758340	TO FINANCE, OWN AND OPERATE STUDENT HOUSING FACILITIES FOR THE UNIVERSITY	AL	$47,708,679	$497,391,630	N/A
CHF - DAVIS II LLC
PO BOX 1385	FAIRHOPE	AL	365331385	861959986	TO FINANCE, OWN AND OPERATE STUDENT HOUSING FACILITIES FOR THE UNIVERSITY	AL	$21,124,479	$289,897,452	N/A
CHF - DOVER LLC
PO BOX 1385	FAIRHOPE	AL	365331385	824275274	TO FINANCE, OWN AND OPERATE STUDENT HOUSING FACILITIES FOR THE UNIVERSITY	AL	$7,433,508	$67,333,307	N/A
CHF - ELON LLC
PO BOX 1385	FAIRHOPE	AL	365331385	202956535	TO FINANCE, OWN AND OPERATE STUDENT HOUSING FACILITIES FOR THE UNIVERSITY	AL	$6,295,652	$17,841,367	N/A
CHF - HOLLAND SUITES II LLC
PO BOX 1385	FAIRHOPE	AL	365331385	261705515	TO FINANCE, OWN AND OPERATE STUDENT HOUSING FACILITIES FOR THE UNIVERSITY	AL	$0	$0	N/A
CHF - HOLLAND SUITES LLC
PO BOX 1385	FAIRHOPE	AL	365331385	208580707	TO FINANCE, OWN AND OPERATE STUDENT HOUSING FACILITIES FOR THE UNIVERSITY	AL	$0	$0	N/A
CHF - IRVINE LLC
PO BOX 1385	FAIRHOPE	AL	365331385	202001737	TO FINANCE, OWN AND OPERATE STUDENT HOUSING FACILITIES FOR THE UNIVERSITY	AL	$108,637,931	$626,271,613	N/A
CHF - MANOA LLC
PO BOX 1385	FAIRHOPE	AL	365331385	923826393	TO FINANCE, OWN AND OPERATE STUDENT HOUSING FACILITIES FOR THE UNIVERSITY	AL	$9,169,545	$211,221,344	N/A
CHF - NEWARK
PO BOX 1385	FAIRHOPE	AL	365331385	833342813	TO FINANCE, OWN AND OPERATE STUDENT HOUSING FACILITIES FOR THE UNIVERSITY	AL	$3,698,289	$104,081,148	N/A
CHF - RIVERSIDE I LLC
PO BOX 1385	FAIRHOPE	AL	365331385	831318857	TO FINANCE, OWN AND OPERATE STUDENT HOUSING FACILITIES FOR THE UNIVERSITY	AL	$14,370,596	$143,197,697	N/A
CHF - RIVERSIDE II LLC
PO BOX 1385	FAIRHOPE	AL	365331385	834237507	TO FINANCE, OWN AND OPERATE STUDENT HOUSING FACILITIES FOR THE UNIVERSITY	AL	$22,809,767	$200,005,366	N/A
CHF - ROCKET LLC
PO BOX 1385	FAIRHOPE	AL	365331385	882270432	TO FINANCE, OWN AND OPERATE STUDENT HOUSING FACILITIES FOR THE UNIVERSITY	OH	$0	$0	N/A
CHF - SANTA CRUZ I LLC
PO BOX 1385	FAIRHOPE	AL	365331385	823747222	TO FINANCE, OWN AND OPERATE STUDENT HOUSING FACILITIES FOR THE UNIVERSITY	AL	$0	$0	N/A
CHF - ST DAVIDS LLC
PO BOX 1385	FAIRHOPE	AL	365331385	824894872	TO FINANCE, OWN AND OPERATE STUDENT HOUSING FACILITIES FOR THE UNIVERSITY	AL	$1,437,256	$3,353,685	N/A
CHF - TIPPECANOE LLC
PO BOX 1385	FAIRHOPE	AL	365331385	882825534	TO FINANCE, OWN AND OPERATE STUDENT HOUSING FACILITIES FOR THE UNIVERSITY	AL	$78,034	$144,152,669	N/A
CHF - TOLEDO LLC
PO BOX 1385	FAIRHOPE	AL	365331385	346406986	TO FINANCE, OWN AND OPERATE STUDENT HOUSING FACILITIES FOR THE UNIVERSITY	OH	$5,246,858	$28,545,782	N/A
CHF - WILMINGTON LLC
PO BOX 1385	FAIRHOPE	AL	365331385	831488823	TO FINANCE, OWN AND OPERATE STUDENT HOUSING FACILITIES FOR THE UNIVERSITY	AL	$17,955,490	$143,989,341	N/A
CHF - WINOOSKI LLC
PO BOX 1385	FAIRHOPE	AL	365331385	201480741	TO FINANCE, OWN AND OPERATE STUDENT HOUSING FACILITIES FOR THE UNIVERSITY	AL	$0	$0	N/A
CHF - HORIZONS I LLC
PO BOX 1385	FAIRHOPE	AL	365331385	991779361	TO FINANCE, OWN AND OPERATE STUDENT SPORTS FACILITIES FOR SAMFORD UNIVERSIT	AL	$3,442,679	$94,867,786	N/A
CHF - HORIZONS II LLC
PO BOX 1385	FAIRHOPE	AL	365331385	991831256	TO FINANCE, OWN AND OPERATE STUDENT HOUSING FACILITIES FOR SAMFORD UNIVERSIT	AL	$1,575,274	$211,021,278	N/A
CHF - CIA LLC
PO BOX 1385	FAIRHOPE	AL	365331385	273512639	TO FINANCE, OWN AND OPERATE STUDENT HOUSING FACILITIES FOR THE UNIVERSITY	AL	$0	$0	N/A
CHF - APTOS LLC
PO BOX 1385	FAIRHOPE	AL	365331385	392529256	TO FINANCE, OWN AND OPERATE STUDENT HOUSING FACILITIES FOR CABRILLO COLLEGE	AL	$0	$0	N/A

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp

Disregarded Entity Name DisregardedEntityName

Field	Value	IRS element (for citing)
Business Name Line1	CHF MERRIMACK INC	BusinessNameLine1Txt

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 1385	AddressLine1Txt
City	FAIRHOPE	CityNm
State Abbreviation	AL	StateAbbreviationCd
ZIP	365331385	ZIPCd

Field	Value	IRS element (for citing)
EIN	991894184	EIN
Primary Activities	TO FINANCE, OWN AND OPERATE STUDENT HOUSING FACILITIES FOR MERRIMACK COLLEGE	PrimaryActivitiesTxt
Legal Domicile State	MA	LegalDomicileStateCd
Exempt Code Section	501(C)3	ExemptCodeSectionTxt
Public Charity Status	12A TYPE I	PublicCharityStatusTxt

Direct Controlling Entity Name DirectControllingEntityName

Field	Value	IRS element (for citing)
Business Name Line1	COLLEGIATE HOUSING FOUNDATION	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Controlled Organization	Yes (1)	ControlledOrganizationInd

Field	Value	IRS element (for citing)
Receipt Of Int Annts Rnts Rylts	0	ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org	0	GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org	0	GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org	0	LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org	0	LoansOrGuaranteesFromOthOrgInd
Div Related Organization	0	DivRelatedOrganizationInd
Asset Sale To Other Org	0	AssetSaleToOtherOrgInd
Asset Purchase From Other Org	0	AssetPurchaseFromOtherOrgInd
Asset Exchange	0	AssetExchangeInd
Rental Of Facilities To Oth Org	0	RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org	0	RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org	0	PerformOfServicesForOthOrgInd
Perform Of Services By Other Org	0	PerformOfServicesByOtherOrgInd
Sharing Of Facilities	0	SharingOfFacilitiesInd
Paid Employees Sharing	0	PaidEmployeesSharingInd
Reimbursement Paid To Other Org	0	ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org	Yes (1)	ReimbursementPaidByOtherOrgInd
Transfer To Other Org	0	TransferToOtherOrgInd
Transfer From Other Org	Yes (1)	TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (2 entries)

Transaction TypeTransactionTypeTxt	InvolvedInvolvedAmt	Method Of Amount DeterminationMethodOfAmountDeterminationTxt
CHF MERRIMACK INC
S	$100,000	FAIR MARKET VALUE
CHF MERRIMACK INC
Q	$2,248	FAIR MARKET VALUE