2024-11-13T12:23:51-05:00 2023-12-31 473172584 J BROCKLEHURST CPA PLLC 3900 WESTERRE PARKWAY SUITE 300 RICHMOND VA 23233 990 2023-01-01 822912570 P3 FOUNDATION INC P3FO 9724155348 200 QUEBEC ST 300-111 DENVER CO 80230 KIM WYATT EXECUTIVE DIRECTOR 9724155348 2024-10-30 true false JANET L BROCKLEHURST P00449539 8047290023 2024-10-30 2023 2024-10-15 13:58:12Z KIM WYATT 18766302 false X X 2017 NC 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. 6 3 0 0 4200656 9874868 11423541 84070 1019408 932889 -552767 10891827 16090838 70000 15000 0 780600 996634 0 0 13430261 15132125 14280861 16143759 -3389034 -52921 106595603 212598575 114112213 250353873 -7516610 -37755298 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. false false 13906499 11423232 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. 160468 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. 71568 15000 309 PROVIDING SERVICES, ACTIVITIES AND PROGRAMS DEDICATED TO FURTHERING COMMUNITY DEVELOPMENT, EDUCATION, AND LESSENING THE BURDENS OF GOVERNMENT. 14138535 true true false false false false false false false false true false false true true false false false false false false false false false false false false true false false true false false false false false false false false false true false false false false true true true false false false true 3 0 0 false false false false false false false false false false false false false false X 6 3 true false false false false false false true true false false true true true true false false true false false X KIM WYATT 9724155348 700 COLORADO BLVD 351 DENVER CO 80206 KIM WYATT EXECUTIVE DI 20.00 X 24487 0 0 GREG FAWCETT SECRETARY X X 0 0 0 EVA HILL DIRECTOR X 0 0 0 ANDREW KITTLESON DIRECTOR X 0 0 0 JEFF KLEIN PRESIDENT X X 0 0 0 JIM MOORE TREASURER X X 0 0 0 LOUISE WALLER DIRECTOR X 0 0 0 24487 false false false NP ASSET SERVICES LLC 3710 RAWLINS ST STE 1000 DALLAS TX 75219 CONSULTING 1005544 MCGUIRE WOODS 800 EAST CANAL STREET RICHMOND VA 23219 LEGAL 540000 KUTAKROCK 901 EAST BYRD STREET SUITE 1000 RICHMOND VA 23219 FINANCE 200000 3 4200656 4200656 HOUSING RENTAL 10911858 10911858 OTHER LEASING INCOME 353833 353833 OTHER FEE INCOME 157850 157850 11423541 1031088 1031088 2663784 2636936 38528 26848 -38528 -11680 -11680 929 N WOLFE STREET LLC -552767 -552767 -552767 16090838 10870774 1019408 15000 15000 24487 24487 775757 536174 239583 144590 99935 44655 51800 35802 15998 48348 48348 37033 37033 955442 18000 937442 100070 100070 562524 28052 534472 43169 43169 2460340 2460340 5951416 5951416 3545618 3545618 GROUND LEASE 957527 957527 MANAGEMENT FEES 447502 447502 OTHER MISCELLANEOUS 23136 23136 16143759 14138535 2005224 0 1870573 3197044 4424 480143 167602 303956 139430750 38299147 66850309 101131603 896324 37702695 106589505 106595603 212598575 5921129 7556468 56520000 181337828 30277026 38938323 495000 21394058 22026254 114112213 250353873 X -7516610 -37755298 -7516610 -37755298 106595603 212598575 X -52921 666557 -30852324 X X true X true X false X 4200656 4200656 1218122 3310321 5131237 10807757 10870774 31338211 1218122 3310321 5131237 10807757 15071430 35538867 35538867 4072 3169 703 84070 1031088 1123102 4072 3169 703 84070 1031088 1123102 1222194 3313490 5131940 10891827 16102518 36661969 0.96940 0.99550 0.03000 0.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 132341828 34415368 97926460 7000504 3875571 3124933 88418 8208 80210 101131603 RESTRICTED BOND RESERVES 50568280 LEASED ASSETS 33801211 CONSTRUCTION IN PROGRESS 22206914 OTHER INVESTMENTS 13100 106589505 DEFERRED GROUND LEASE 22028749 LEASE LIABILITIES 5361400 DEFERRED RENT 2354996 BOND PREMIUM/DISCOUNT -1771133 BOND ISSUE COSTS -5947758 22026254 false CITY OF REFUGE SACRAMENTO 3216 MARTIN LUTHER KING JR BLVD SACRAMENTO CA 95817 462676243 501C3 10000 OPERATIONS 2 SCHEDULE I, PAGE 1, PART I, LINE 2 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. A LANCASTER IDA REVENUE BONDS - 2019A 231884507 514349DU0 2019-08-08 26595000 TO FINANCE THE ACQUISITION OF A LONG-TERM GROUND LEASE INTEREST IN CERTAIN LAND LOCATED IN THE VICIN false false false B CALIFORNIA MUNI FINANCE AUTH- 2020A 201563466 13049YER8 2020-06-30 29925000 THE ACQUISTION AND REPOSITIONING OF AN EXISTING STUDENT HOUSING FACILITY LOCATED ON THE CAMPUS OF CL false false false C MD ECON DEV CORP STUDENT HSG 2022A 521376562 57420VRP0 2022-01-01 66365000 TO REFUND MARYLAND ECONOMIC DEVELOPMENT CORPORATION STUDENT HOUSING REVENUE BONDS SERIES 2014A AND S false false false D VA SMALL BUS FIN AUTH 2023A 541300845 92810TAA1 2023-03-30 48725000 TO FINANCE THE COSTS OF ACQUISITION, CONSTRUCTION, DEVELOPMENT, FURNISHING, EQUIPING AND MAINTAINING false false false A 27277619 541282 26736337 2019 false false true true B 30338500 2502449 2992500 643270 24200281 2020 false false true true C 66365000 2436157 1160579 1494768 true false false true D 46206405 23383946 2772588 922514 19127356 false false false true A false false false false false false true B false false false false false false true C false false false false false false false D false false false false false false false 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 A false B false C false D false 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. A VA SMALL BUS FOIN AUTH 2023B1 541300845 92810TAB9 2023-03-30 9787828 TO FINANCE THE COSTS OF ACQUISITION, CONSTRUCTION, DEVELOPMENT, FURNISHING, EQUIPPING AND MAINTAININ false false false A 9787828 9598783 189045 false false false true A false false false false false false false A false false false false false false false false false A false PURPOSE OF ISSUE DESCRIPTION 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. 35 CONTROLLED ENTITY OF OFFICERS 35% OWNED 1005544 STRATEGIC SERVICES false SCHEDULE L, PART V 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). 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. P3 FMC HOLDINGS LLC 590 CENTERVILLE ROAD 290 LANCASTER PA 17601 841913920 HOUSING PA 2828732 34242010 P3 FDN P3 CLAREMONT HOLDINGS LLC 310 NORTH INDIAN HILL BLVD SUITE 343 CLAREMONT CA 91711 844959753 HOUSING CA 3711343 44088009 P3 FDN P3 AF-18R-LINCOLN LLC 200 QUEBEC ST 300-111 DENVER CO 80230 322470135 HOUSING NE 3574101 25183198 P3 FDN P3 929 WOLFE ST LLC 929 N WOLFE ST BALTIMORE MD 21205 882005399 HOUSING MD 1598201 44823876 P3 FDN P3 VB HOLDINGS LLC 200 QUEBEC ST 300-111 DENVER CO 80230 SPORTS-ENT VA 5561239 63338103 P3 FDN 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 N/A RELATED -552767 false true 0.75000 P3 CPTC HOLDINGS LLC 40 E MAIN ST BOX 644 NEWARK DE 19711 834331648 INVESTMENT DE P3 FDN C CORP false false false false false false false false false false false false false false false false false false false false