P3 FOUNDATION INC: Form 990, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- P3 FOUNDATION INC (EIN 82-2912570)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-11-13
- IRS object ID
- 202403189349304430
- Schema version
- 2023v5.0
- 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 B
- Schedule D
- Schedule I
- Schedule K
- Schedule K
- Schedule L
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-11-13T12:23:51-05:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 473172584 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | J BROCKLEHURST CPA PLLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3900 WESTERRE PARKWAY SUITE 300 | AddressLine1Txt |
| City | RICHMOND | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 23233 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2023-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 822912570 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | P3 FOUNDATION INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | P3FO | BusinessNameControlTxt |
| Phone | 9724155348 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 200 QUEBEC ST 300-111 | AddressLine1Txt |
| City | DENVER | CityNm |
| State Abbreviation | CO | StateAbbreviationCd |
| ZIP | 80230 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | KIM WYATT | PersonNm |
| Person Title | EXECUTIVE DIRECTOR | PersonTitleTxt |
| Phone | 9724155348 | PhoneNum |
| Signature | 2024-10-30 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | false | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | JANET L BROCKLEHURST | PreparerPersonNm |
| PTIN | P00449539 | PTIN |
| Phone | 8047290023 | PhoneNum |
| Preparation | 2024-10-30 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2024-10-15 13:58:12Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | KIM WYATT | PrincipalOfficerNm |
| Gross Receipts | $18,766,302 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2017 | FormationYr |
| Legal Domicile State | NC | LegalDomicileStateCd |
| Activity Or Mission | TO PARTNER WITH PUBLIC AND CHARITABLE ENTITIES TO DEVELOP SERVICES, ACTIVITIES, AND PROGRAMS DESIGNED FOR SENIOR HOUSING, EDUCATION, HEALTH CARE FACILITIES, AFFORDABLE HOUSING, AND GOVERNMENTS. | ActivityOrMissionDesc |
| Voting Members Governing Body | 6 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 3 | VotingMembersIndependentCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| CY Contributions Grants | $4,200,656 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $9,874,868 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $11,423,541 | CYProgramServiceRevenueAmt |
| PY Investment Income | $84,070 | PYInvestmentIncomeAmt |
| CY Investment Income | $1,019,408 | CYInvestmentIncomeAmt |
| PY Other Revenue | $932,889 | PYOtherRevenueAmt |
| CY Other Revenue | -$552,767 | CYOtherRevenueAmt |
| PY Total Revenue | $10,891,827 | PYTotalRevenueAmt |
| CY Total Revenue | $16,090,838 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $70,000 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $15,000 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $780,600 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $996,634 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $13,430,261 | PYOtherExpensesAmt |
| CY Other Expenses | $15,132,125 | CYOtherExpensesAmt |
| PY Total Expenses | $14,280,861 | PYTotalExpensesAmt |
| CY Total Expenses | $16,143,759 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$3,389,034 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$52,921 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $106,595,603 | TotalAssetsBOYAmt |
| Total Assets EOY | $212,598,575 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $114,112,213 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $250,353,873 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | -$7,516,610 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | -$37,755,298 | NetAssetsOrFundBalancesEOYAmt |
| Mission | TO PARTNER WITH PUBLIC AND CHARITABLE ENTITIES TO DEVELOP SERVICES, ACTIVITIES, AND PROGRAMS DESIGNED FOR SENIOR HOUSING, EDUCATION, HEALTH CARE FACILITIES, AFFORDABLE HOUSING, AND GOVERNMENTS. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $13,906,499 | ExpenseAmt |
| Revenue | $11,423,232 | RevenueAmt |
| Desc | STUDENT HOUSING FACILITIES - LEASE AND MANAGEMENT OF STUDENT HOUSING CONSISTING OF RESIDENTIAL PROPERTIES LOCATED ON OR NEAR: 1)FRANKLIN & MARSHALL COLLEGE IN LANCASTER, PA, 2)CLAREMONT GRADUATE UNIVERSITY IN CLAREMONT, CA, 3)UNIVERSITY OF NEBRASKA IN LINCOLN, NE, AND 4) JOHNS HOPKINS UNIVERSITY SCHOOL OF MEDICINE IN BALTIMORE, MD. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $160,468 | ExpenseAmt |
| Desc | CONSTRUCTION AND OPERATION OF SPORTS AND ENTERTAINMENT FACILITIES LOCATED IN VIRGINIA BEACH, VA. THE PROJECT INCLUDES THE CONSTRUCTION, DEVELOPMENT, EQUIPING, AND MAINTAINING A SURF PARK AND RELATED FACILITIES AS PART OF A LARGER, MIXED-USE PROJECT UNDER DEVELOPMENT BY THE CITY OF VIRGINIA BEACH, VA. EXCESS CASH FLOW FROM THE PROJECT WILL PRIMARILY BE DONATED TO LOCAL CHARITABLE ORGANIZATIONS. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $71,568 | ExpenseAmt |
| Grant | $15,000 | GrantAmt |
| Revenue | $309 | RevenueAmt |
| Desc | PROVIDING SERVICES, ACTIVITIES AND PROGRAMS DEDICATED TO FURTHERING COMMUNITY DEVELOPMENT, EDUCATION, AND LESSENING THE BURDENS OF GOVERNMENT. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $14,138,535 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (true) | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | false | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (true) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | false | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | false | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | Yes (true) | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | false | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (true) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | false | InvestTaxExemptBondsInd |
| Escrow Account | false | EscrowAccountInd |
| On Behalf Of Issuer | false | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | Yes (true) | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | Yes (true) | DisregardedEntityInd |
| Related Entity | Yes (true) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (true) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | false | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 3 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 0 | EmployeeCnt |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | false | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Form8899 Filedind | false | Form8899Filedind |
| Form1098 C Filed | false | Form1098CFiledInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 6 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 3 | IndependentVotingMemberCnt |
| Family Or Business Rln | Yes (true) | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | false | MembersOrStockholdersInd |
| Election Of Board Members | false | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | false | WhistleblowerPolicyInd |
| Document Retention Policy | false | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | false | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | KIM WYATT | PersonNm |
| Phone | 9724155348 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 700 COLORADO BLVD 351 | AddressLine1Txt |
| City | DENVER | CityNm |
| State Abbreviation | CO | StateAbbreviationCd |
| ZIP | 80206 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (7 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd |
|---|---|---|---|---|---|---|
| KIM WYATT | ||||||
| EXECUTIVE DI | 20.00 | Yes (X) | $24,487 | $0 | $0 | |
| GREG FAWCETT | ||||||
| SECRETARY | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| EVA HILL | ||||||
| DIRECTOR | $0 | $0 | $0 | Yes (X) | ||
| ANDREW KITTLESON | ||||||
| DIRECTOR | $0 | $0 | $0 | Yes (X) | ||
| JEFF KLEIN | ||||||
| PRESIDENT | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| JIM MOORE | ||||||
| TREASURER | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| LOUISE WALLER | ||||||
| DIRECTOR | $0 | $0 | $0 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $24,487 | TotalReportableCompFromOrgAmt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | false | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (3 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| NP ASSET SERVICES LLC | |||||
| 3710 RAWLINS ST STE 1000 | DALLAS | TX | 75219 | CONSULTING | $1,005,544 |
| MCGUIRE WOODS | |||||
| 800 EAST CANAL STREET | RICHMOND | VA | 23219 | LEGAL | $540,000 |
| KUTAKROCK | |||||
| 901 EAST BYRD STREET SUITE 1000 | RICHMOND | VA | 23219 | FINANCE | $200,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 3 | CntrctRcvdGreaterThan100KCnt |
| Government Grants | $4,200,656 | GovernmentGrantsAmt |
| Total Contributions | $4,200,656 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|
| HOUSING RENTAL | $10,911,858 | $10,911,858 |
| OTHER LEASING INCOME | $353,833 | $353,833 |
| OTHER FEE INCOME | $157,850 | $157,850 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $11,423,541 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,031,088 | TotalRevenueColumnAmt |
| Exclusion | $1,031,088 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $2,663,784 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $2,636,936 | SecuritiesAmt |
| Other | $38,528 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $26,848 | SecuritiesAmt |
| Other | -$38,528 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$11,680 | TotalRevenueColumnAmt |
| Exclusion | -$11,680 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | 929 N WOLFE STREET LLC | Desc |
| Total Revenue Column | -$552,767 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | -$552,767 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | -$552,767 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $16,090,838 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $10,870,774 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $1,019,408 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $15,000 | TotalAmt |
| Program Services | $15,000 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $24,487 | TotalAmt |
| Management And General | $24,487 | ManagementAndGeneralAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $775,757 | TotalAmt |
| Program Services | $536,174 | ProgramServicesAmt |
| Management And General | $239,583 | ManagementAndGeneralAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $144,590 | TotalAmt |
| Program Services | $99,935 | ProgramServicesAmt |
| Management And General | $44,655 | ManagementAndGeneralAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $51,800 | TotalAmt |
| Program Services | $35,802 | ProgramServicesAmt |
| Management And General | $15,998 | ManagementAndGeneralAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $48,348 | TotalAmt |
| Management And General | $48,348 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $37,033 | TotalAmt |
| Management And General | $37,033 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $955,442 | TotalAmt |
| Program Services | $18,000 | ProgramServicesAmt |
| Management And General | $937,442 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $100,070 | TotalAmt |
| Management And General | $100,070 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $562,524 | TotalAmt |
| Program Services | $28,052 | ProgramServicesAmt |
| Management And General | $534,472 | ManagementAndGeneralAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $43,169 | TotalAmt |
| Program Services | $43,169 | ProgramServicesAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,460,340 | TotalAmt |
| Program Services | $2,460,340 | ProgramServicesAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,951,416 | TotalAmt |
| Program Services | $5,951,416 | ProgramServicesAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,545,618 | TotalAmt |
| Program Services | $3,545,618 | ProgramServicesAmt |
Other Expenses OtherExpensesGrp (3 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| GROUND LEASE | $957,527 | $957,527 | |
| MANAGEMENT FEES | $447,502 | $447,502 | |
| OTHER MISCELLANEOUS | $23,136 | $23,136 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $16,143,759 | TotalAmt |
| Program Services | $14,138,535 | ProgramServicesAmt |
| Management And General | $2,005,224 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,870,573 | BOYAmt |
| EOY | $3,197,044 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,424 | BOYAmt |
| EOY | $480,143 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $167,602 | BOYAmt |
| EOY | $303,956 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $139,430,750 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $38,299,147 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $66,850,309 | BOYAmt |
| EOY | $101,131,603 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $896,324 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $37,702,695 | BOYAmt |
| EOY | $106,589,505 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $106,595,603 | BOYAmt |
| EOY | $212,598,575 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,921,129 | BOYAmt |
| EOY | $7,556,468 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $56,520,000 | BOYAmt |
| EOY | $181,337,828 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $30,277,026 | BOYAmt |
| EOY | $38,938,323 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $495,000 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $21,394,058 | BOYAmt |
| EOY | $22,026,254 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $114,112,213 | BOYAmt |
| EOY | $250,353,873 | 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 | -$7,516,610 | BOYAmt |
| EOY | -$37,755,298 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | -$7,516,610 | BOYAmt |
| EOY | -$37,755,298 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $106,595,603 | BOYAmt |
| EOY | $212,598,575 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | -$52,921 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $666,557 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | -$30,852,324 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | Yes (true) | AccountantCompileOrReviewInd |
Acct Compile Or Review Basis AcctCompileOrReviewBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Federal Grant Audit Required | false | 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 | $4,200,656 | CurrentTaxYearAmt |
| Total | $4,200,656 | TotalAmt |
Gross Receipts Admissions GrossReceiptsAdmissionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $1,218,122 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $3,310,321 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $5,131,237 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $10,807,757 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $10,870,774 | CurrentTaxYearAmt |
| Total | $31,338,211 | TotalAmt |
Total509 Total509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $1,218,122 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $3,310,321 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $5,131,237 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $10,807,757 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $15,071,430 | CurrentTaxYearAmt |
| Total | $35,538,867 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | $35,538,867 | PublicSupportTotal509Amt |
Gross Investment Income509 GrossInvestmentIncome509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $4,072 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $3,169 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $703 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $84,070 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,031,088 | CurrentTaxYearAmt |
| Total | $1,123,102 | TotalAmt |
Investment Income And UBTI InvestmentIncomeAndUBTIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $4,072 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $3,169 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $703 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $84,070 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,031,088 | CurrentTaxYearAmt |
| Total | $1,123,102 | TotalAmt |
Total Support Calendar Year TotalSupportCalendarYearGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $1,222,194 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $3,313,490 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $5,131,940 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $10,891,827 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $16,102,518 | CurrentTaxYearAmt |
| Total | $36,661,969 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support CY509 | 0.96940 | PublicSupportCY509Pct |
| Public Support PY509 | 0.99550 | PublicSupportPY509Pct |
| Investment Income CY | 0.03000 | InvestmentIncomeCYPct |
| Investment Income PY | 0.00000 | InvestmentIncomePYPct |
| Thirty Thr Pct Suprt Tests CY509 | Yes (X) | ThirtyThrPctSuprtTestsCY509Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $132,341,828 | OtherCostOrOtherBasisAmt |
| Depreciation | $34,415,368 | DepreciationAmt |
| Book Value | $97,926,460 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $7,000,504 | OtherCostOrOtherBasisAmt |
| Depreciation | $3,875,571 | DepreciationAmt |
| Book Value | $3,124,933 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $88,418 | OtherCostOrOtherBasisAmt |
| Depreciation | $8,208 | DepreciationAmt |
| Book Value | $80,210 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $101,131,603 | TotalBookValueLandBuildingsAmt |
Other Assets Org OtherAssetsOrgGrp (4 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| RESTRICTED BOND RESERVES | $50,568,280 |
| LEASED ASSETS | $33,801,211 |
| CONSTRUCTION IN PROGRESS | $22,206,914 |
| OTHER INVESTMENTS | $13,100 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $106,589,505 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (5 entries)
| DescDesc | AmtAmt |
|---|---|
| DEFERRED GROUND LEASE | $22,028,749 |
| LEASE LIABILITIES | $5,361,400 |
| DEFERRED RENT | $2,354,996 |
| BOND PREMIUM/DISCOUNT | -$1,771,133 |
| BOND ISSUE COSTS | -$5,947,758 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $22,026,254 | TotalLiabilityAmt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | false | GrantRecordsMaintainedInd |
Recipient Table RecipientTable
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CITY OF REFUGE SACRAMENTO | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3216 MARTIN LUTHER KING JR BLVD | AddressLine1Txt |
| City | SACRAMENTO | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 95817 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient EIN | 462676243 | RecipientEIN |
| IRC Section | 501C3 | IRCSectionDesc |
| Cash Grant | $10,000 | CashGrantAmt |
| Purpose Of Grant | OPERATIONS | PurposeOfGrantTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 2 | Total501c3OrgCnt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE I, PAGE 1, PART I, LINE 2 | FormAndLineReferenceDesc |
| Explanation | GRANTS ARE MADE TO QUALIFYING 501C3 ORGANIZATIONS FOR USE IN THEIR GENERAL OPERATIONS. THERE ARE NO PROCEDURES FOR SUBSEQUENT MONITORING OF THE USE OF FUNDS. | 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 |
|---|---|---|---|---|---|---|---|---|
| LANCASTER IDA REVENUE BONDS - 2019A | ||||||||
| A | 231884507 | 514349DU0 | 2019-08-08 | $26,595,000 | TO FINANCE THE ACQUISITION OF A LONG-TERM GROUND LEASE INTEREST IN CERTAIN LAND LOCATED IN THE VICIN | false | false | false |
| CALIFORNIA MUNI FINANCE AUTH- 2020A | ||||||||
| B | 201563466 | 13049YER8 | 2020-06-30 | $29,925,000 | THE ACQUISTION AND REPOSITIONING OF AN EXISTING STUDENT HOUSING FACILITY LOCATED ON THE CAMPUS OF CL | false | false | false |
| MD ECON DEV CORP STUDENT HSG 2022A | ||||||||
| C | 521376562 | 57420VRP0 | 2022-01-01 | $66,365,000 | TO REFUND MARYLAND ECONOMIC DEVELOPMENT CORPORATION STUDENT HOUSING REVENUE BONDS SERIES 2014A AND S | false | false | false |
| VA SMALL BUS FIN AUTH 2023A | ||||||||
| D | 541300845 | 92810TAA1 | 2023-03-30 | $48,725,000 | TO FINANCE THE COSTS OF ACQUISITION, CONSTRUCTION, DEVELOPMENT, FURNISHING, EQUIPING AND MAINTAINING | false | false | false |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (4 entries)
| Bond ReferenceBondReferenceCd | Total ProceedsTotalProceedsAmt | Issuance Costs From ProceedsIssuanceCostsFromProceedsAmt | Capital ExpendituresCapitalExpendituresAmt | Substantial CompletionSubstantialCompletionYr | Refunding Tax Exempt BondsRefundingTaxExemptBondsInd | Refunding Taxable BondsRefundingTaxableBondsInd | Final Allocation MadeFinalAllocationMadeInd | Adequate Books And Rec MaintAdequateBooksAndRecMaintInd | In Reserve FundInReserveFundAmt | Capitalized InterestCapitalizedInterestAmt |
|---|---|---|---|---|---|---|---|---|---|---|
| A | $27,277,619 | $541,282 | $26,736,337 | 2019 | false | false | Yes (true) | Yes (true) | ||
| B | $30,338,500 | $643,270 | $24,200,281 | 2020 | false | false | Yes (true) | Yes (true) | $2,502,449 | $2,992,500 |
| C | $66,365,000 | $1,160,579 | $1,494,768 | Yes (true) | false | false | Yes (true) | $2,436,157 | ||
| D | $46,206,405 | $922,514 | $19,127,356 | false | false | false | Yes (true) | $23,383,946 | $2,772,588 |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (4 entries)
| Bond ReferenceBondReferenceCd | Owning Bond Financed PropertyOwningBondFinancedPropertyInd | Any Lease ArrangementsAnyLeaseArrangementsInd | Mgmt Contract Bond Fincd PropMgmtContractBondFincdPropInd | Any Research AgreementsAnyResearchAgreementsInd | Bond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestInd | Change In Use Bond Financed PropChangeInUseBondFinancedPropInd | Procs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd |
|---|---|---|---|---|---|---|---|
| A | false | false | false | false | false | false | Yes (true) |
| B | false | false | false | false | false | false | Yes (true) |
| C | false | false | false | false | false | false | false |
| D | false | false | false | false | false | false | false |
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 |
|---|---|---|---|---|---|---|---|---|---|
| A | false | false | false | false | false | false | false | false | false |
| B | false | false | false | false | false | false | false | false | false |
| C | false | false | false | false | false | false | false | false | false |
| D | false | false | false | false | false | false | false | false | false |
Procedures Corrective Action ProceduresCorrectiveActionGrp (4 entries)
| Bond ReferenceBondReferenceCd | Procedures Corrective ActionProceduresCorrectiveActionInd |
|---|---|
| A | false |
| B | false |
| C | false |
| D | false |
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PURPOSE OF ISSUE DESCRIPTION | LANCASTER IDA REVENUE BONDS - 2019A TO FINANCE THE ACQUISITION OF A LONG-TERM GROUND LEASE INTEREST IN CERTAIN LAND LOCATED IN THE VICINITY OF FRANKLIN & MARSHALL COLLEGE, THE ACQUISITION OF CERTAIN BUILDINGS AND IMPROVEMENTS LOCATED ON EACH OF THE PARCELS, THE FUNDING OF ANY REQUIRED RESERVES, AND THE PAYMENT OF COSTS OF ISSUANCE. THE PARCELS AND IMPROVEMENTS WILL BE LEASED TO THE COLLEGE PURSUANT TO AN AMENDED AND RESTATED MASTER LEASE. |
| PURPOSE OF ISSUE DESCRIPTION | CALIFORNIA MUNI FINANCE AUTH- 2020A THE ACQUISTION AND REPOSITIONING OF AN EXISTING STUDENT HOUSING FACILITY LOCATED ON THE CAMPUS OF CLAREMONT GRADUATE UNIVERSITY IN CLAREMONT, CA INCLUDING THE ACQUISITION OF A LONG-TERM GROUND LEASE INTEREST, FUNDING OF ANY REQUIRED RESERVES, AND PAYMENT OF COSTS OF ISSUANCE. |
| PURPOSE OF ISSUE DESCRIPTION | MD ECON DEV CORP STUDENT HSG 2022A TO REFUND MARYLAND ECONOMIC DEVELOPMENT CORPORATION STUDENT HOUSING REVENUE BONDS SERIES 2014A AND SERIES 2014B-A, AND TO FINANCE OR REFINANCE THE PAYMENT OF CERTAIN CONTRACTUAL PAYMENT OBLIGATIONS, ADVANCEMENTS, TERMINATION FEES, RESERVES, AND OTHER NECESSARY AND USEFUL CAPITAL IMPROVEMENTS AND EXPENDITURES ON OR ADJOINING THE PROPERTY OF THE REFUNDED PROJECT. THE 2014 BONDS WERE USED TO ACQUIRE A LEASEHOLD INTEREST IN A PARCEL OF LAND LOCATED AT 929 N WOLFE STREET IN BALTIMORE, MARYLAND AND A 572-BED GRADUATE STUDENT HOUSING FACILITY WITH GROUND FLOOR RETAIL LOCATED ON THE GROUND-LEASED LAND. |
| PURPOSE OF ISSUE DESCRIPTION | VA SMALL BUS FIN AUTH 2023A TO FINANCE THE COSTS OF ACQUISITION, CONSTRUCTION, DEVELOPMENT, FURNISHING, EQUIPING AND MAINTAINING OF A WAVEGARDEN COVE SURF LAGOON AND RELATED FACILITIES TO BE LOCATED IN VIRGINIA BEACH, VA, INCLUDING AMOUNTS REQUIRED FOR RESERVES, WORKING CAPITAL, CAPITALIZED INTEREST, COSTS OF ISSUANCE, AND OTHER FINANCING EXPENSES. EXCESS CASH FLOWS FROM THE PROJECT WILL PRIMARILY BE DONATED FOR THE BENEFIT OF LOCAL CHARITABLE ORGANIZATIONS. |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
Issuer Name IssuerName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | VA SMALL BUS FOIN AUTH 2023B1 | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Issuer EIN | 541300845 | BondIssuerEIN |
| CUSIP | 92810TAB9 | CUSIPNum |
| Bond Issued | 2023-03-30 | BondIssuedDt |
| Issue Price | $9,787,828 | IssuePriceAmt |
| Purpose | TO FINANCE THE COSTS OF ACQUISITION, CONSTRUCTION, DEVELOPMENT, FURNISHING, EQUIPPING AND MAINTAININ | PurposeDesc |
| Defeased | false | DefeasedInd |
| On Behalf Of Issuer | false | OnBehalfOfIssuerInd |
| Pool Financing | false | PoolFinancingInd |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Total Proceeds | $9,787,828 | TotalProceedsAmt |
| In Reserve Fund | $9,598,783 | InReserveFundAmt |
| Issuance Costs From Proceeds | $189,045 | IssuanceCostsFromProceedsAmt |
| Refunding Tax Exempt Bonds | false | RefundingTaxExemptBondsInd |
| Refunding Taxable Bonds | false | RefundingTaxableBondsInd |
| Final Allocation Made | false | FinalAllocationMadeInd |
| Adequate Books And Rec Maint | Yes (true) | AdequateBooksAndRecMaintInd |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Owning Bond Financed Property | false | OwningBondFinancedPropertyInd |
| Any Lease Arrangements | false | AnyLeaseArrangementsInd |
| Mgmt Contract Bond Fincd Prop | false | MgmtContractBondFincdPropInd |
| Any Research Agreements | false | AnyResearchAgreementsInd |
| Bond Iss Meet Prvt Sec Pymt Test | false | BondIssMeetPrvtSecPymtTestInd |
| Change In Use Bond Financed Prop | false | ChangeInUseBondFinancedPropInd |
| Procs Nonqualified Bond Remdtd | false | ProcsNonqualifiedBondRemdtdInd |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Form8038 T Filed | false | Form8038TFiledInd |
| Rebate Not Due Yet | false | RebateNotDueYetInd |
| Exception To Rebate | false | ExceptionToRebateInd |
| No Rebate Due | false | NoRebateDueInd |
| Variable Rate Issue | false | VariableRateIssueInd |
| Hedge Identified In Bks And Rec | false | HedgeIdentifiedInBksAndRecInd |
| Gross Proceeds Invested In GIC | false | GrossProceedsInvestedInGICInd |
| Gross Proceeds Invested | false | GrossProceedsInvestedInd |
| Written Proc To Monitor Reqs | false | WrittenProcToMonitorReqsInd |
Procedures Corrective Action ProceduresCorrectiveActionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond Reference | A | BondReferenceCd |
| Procedures Corrective Action | false | ProceduresCorrectiveActionInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PURPOSE OF ISSUE DESCRIPTION | FormAndLineReferenceDesc |
| Explanation | VA SMALL BUS FOIN AUTH 2023B1 TO FINANCE THE COSTS OF ACQUISITION, CONSTRUCTION, DEVELOPMENT, FURNISHING, EQUIPPING AND MAINTAINING OF A WAVEGARDEN COVE SURF LAGOON AND RELATED FACILITIES TO BE LOCATED IN VIRGINIA BEACH, VA INCLUDING AMOUNTS REQUIRED FOR RESERVES, WORKING CAPITAL, CAPITALIZED INTEREST, COST OF ISSUANCE, AND OTHER FINANCING EXPENSES. EXCESS CASH FLOWS FROM THE PROJECT WILL PRIMARILY BE DONATED FOR THE BENEFIT OF LOCAL CHARITABLE ORGANIZATIONS. | ExplanationTxt |
Schedule L IRS990ScheduleL
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp
Name Of Interested NameOfInterested
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | 35 CONTROLLED ENTITY OF OFFICERS | PersonNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship Description | 35% OWNED | RelationshipDescriptionTxt |
| Transaction | $1,005,544 | TransactionAmt |
| Transaction | STRATEGIC SERVICES | TransactionDesc |
| Sharing Of Revenues | false | SharingOfRevenuesInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE L, PART V | FormAndLineReferenceDesc |
| Explanation | PART IV, LINE (1): THE ORGANIZATION PAYS FOR STRATEGIC AND ASSET MANAGEMENT SERVICES PROVIDED BY AN ENTITY OWNED BY 4 OF THE OFFICERS OF THE ORGANIZATION (KIM WYATT, GREG FAWCETT, JEFF KLEIN,AND JIM MOORE). | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990 | THE ORGANIZATION HAS NO FUNDRAISING EXPENSES. THE ONE GRANT RECEIVED IN 2023 WAS PART OF A FINANCING DEAL FOR THE P3 VB HOLDINGS PROJECT. ALL FINANCING COSTS WERE CAPITALIZED TO THE PROJECT. |
| FORM 990, PAGE 6, PART VI, LINE 2 | JEFFREY KLEIN MOORE, FAWCETT, WYATT DIRECTOR DIRECTORS >10% OWNER IN SAME BUSINESS JAMES MOORE KLEIN, FAWCETT, WYATT DIRECTOR DIRECTORS >10% OWNER IN SAME BUSINESS GREGORY FAWCETT KLEIN, MOORE, WYATT DIRECTOR DIRECTORS >10% OWNER IN SAME BUSINESS KIMBERLY WYATT KLEIN, MOORE, FAWCETT DIRECTOR DIRECTORS >10% OWNER IN SAME BUSINESS |
| FORM 990, PAGE 6, PART VI, LINE 11B | THE 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR AND A COPY OF THE RETURN IS GIVEN TO THE FULL BOARD PRIOR TO FILING. |
| FORM 990, PAGE 6, PART VI, LINE 12C | NON-INDEPEDENT MEMBERS DO NOT VOTE ON ANY AREA WHERE THEY HAVE CONFLICTS |
| FORM 990, PAGE 6, PART VI, LINE 15A | COMPENSATION FOR THE EXECUTIVE DIRECTOR WAS REVIEWED AND APPROVED BY THE BOARD WHEN IT WAS ORIGINALLY SET. |
| FORM 990, PAGE 6, PART VI, LINE 19 | GOVERNING DOCUMENTS ARE NOT MADE AVAILABLE TO THE GENERAL PUBLIC. |
| FORM 990, PART XI, LINE 9 | EXCESS LIABILITY ASSUMPTION - 929 WOLFE ST -25,414,871 EXCESS LIABILITY ASSUMPTION - AF-18R -5,437,453 TOTAL -30,852,324 |
| FORM 990, PART XII | THE FINANCIAL STATEMENTS OF THE DISREGARDED ENTITIES AND THE 929 WOLFE STREET LLC PARTNERSHIP ARE REVIEWED/AUDITED BY INDEPENDENT ACCOUNTANTS. EACH OF THOSE FINANCIAL STATEMENTS ARE ISSUED ON A SEPARATE BASIS FROM THE PARENT ORGANIZATION. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp (5 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Total IncomeTotalIncomeAmt | End Of Year AssetsEndOfYearAssetsAmt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Address Line2USAddress/AddressLine2Txt |
|---|---|---|---|---|---|---|---|---|---|---|
| P3 FMC HOLDINGS LLC | ||||||||||
| 590 CENTERVILLE ROAD 290 | LANCASTER | PA | 17601 | 841913920 | HOUSING | PA | $2,828,732 | $34,242,010 | P3 FDN | |
| P3 CLAREMONT HOLDINGS LLC | ||||||||||
| 310 NORTH INDIAN HILL BLVD | CLAREMONT | CA | 91711 | 844959753 | HOUSING | CA | $3,711,343 | $44,088,009 | P3 FDN | SUITE 343 |
| P3 AF-18R-LINCOLN LLC | ||||||||||
| 200 QUEBEC ST 300-111 | DENVER | CO | 80230 | 322470135 | HOUSING | NE | $3,574,101 | $25,183,198 | P3 FDN | |
| P3 929 WOLFE ST LLC | ||||||||||
| 929 N WOLFE ST | BALTIMORE | MD | 21205 | 882005399 | HOUSING | MD | $1,598,201 | $44,823,876 | P3 FDN | |
| P3 VB HOLDINGS LLC | ||||||||||
| 200 QUEBEC ST 300-111 | DENVER | CO | 80230 | SPORTS-ENT | VA | $5,561,239 | $63,338,103 | P3 FDN | ||
Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Business Name Line2DirectControllingEntityName/BusinessNameLine2Txt | Predominant Income TypePredominantIncomeTypeTxt | Disproportionate AllocationsDisproportionateAllocationsInd | General Or Managing PartnerGeneralOrManagingPartnerInd | Direct Controlling NADirectControllingNACd | Share Of Total IncomeShareOfTotalIncomeAmt | OwnershipOwnershipPct |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| CPTC ACQUISTION LLC | ||||||||||||||
| 9730 SUMMERS RIDGE RD | SAN DIEGO | CA | 92121 | 822690142 | HEALTHCARE | CA | P3 CPTC | HOLDINGS LLC | EXCLUDED | false | false | |||
| 929 N WOLFE STREET LLC | ||||||||||||||
| 929 N WOLFE ST | BALTIMORE | MD | 21205 | 882005399 | HOUSING | MD | RELATED | false | Yes (true) | N/A | -$552,767 | 0.75000 | ||
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp
Related Organization Name RelatedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | P3 CPTC HOLDINGS LLC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 40 E MAIN ST BOX 644 | AddressLine1Txt |
| City | NEWARK | CityNm |
| State Abbreviation | DE | StateAbbreviationCd |
| ZIP | 19711 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 834331648 | EIN |
| Primary Activities | INVESTMENT | PrimaryActivitiesTxt |
| Legal Domicile State | DE | LegalDomicileStateCd |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | P3 FDN | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Entity Type | C CORP | EntityTypeTxt |
| Controlled Organization | false | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | false | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | false | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | false | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | false | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | false | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | false | DivRelatedOrganizationInd |
| Asset Sale To Other Org | false | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | false | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | false | AssetExchangeInd |
| Rental Of Facilities To Oth Org | false | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | false | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | false | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | false | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | false | SharingOfFacilitiesInd |
| Paid Employees Sharing | false | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | false | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | false | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | false | TransferToOtherOrgInd |
| Transfer From Other Org | false | TransferFromOtherOrgInd |