2019-11-13T09:10:28-06:00 2019-06-30 582467226 REDDICK RIGGS & HUNTER PC POST OFFICE BOX 725 STATESBORO GA 30459 990 2018-07-01 300037158 GEORGIA SOUTHERN UNIVERSITY HOUSING FOUNDATION INC GEOR 9124787481 P O BOX 8020 STATESBORO GA 30460 ROBERT L WHITAKER TREASURER 9124787481 2019-10-30 true PATRICIA H HUNTER CPA P00366295 9127649843 2019-11-13 66.172.95.50 2019-11-13 09:10:28 CS P CEA4A3779CA7D505F624EECC46E689AEE6541589 7410C34113E5155CC1FD8F33A61E892C46DE50C7 2018 2020-03-31 21:24:44Z KYLE MARRERO PO BOX 8033 STATESBORO GA 30460 13253235 false X NONE X 2003 GA THE FOUNDATION'S MISSION IS TO ACQUIRE, CONSTRUCT OR IMPROVE STUDENT HOUSING OR OTHER STUDENT FACILITIES FOR GEORGIA SOUTHERN UNIVERSITY, A PUBLIC UNIVERSITY. 9 5 0 0 0 11974555 12634817 587495 618418 0 12562050 13253235 625850 545375 0 0 0 0 12362747 10486522 12988597 11031897 -426547 2221338 267366887 259703037 236756461 226871272 30610426 32831765 THE FOUNDATION'S MISSION IS TO ACQUIRE, CONSTRUCT OR IMPROVE STUDENT HOUSING OR OTHER STUDENT FACILITIES FOR GEORGIA SOUTHERN UNIVERSITY, A PUBLIC UNIVERSITY. false false 10834022 545375 12634802 TO ACQUIRE, CONSTRUCT OR IMPROVE STUDENT HOUSING FACILITIES OR OTHER STUDENT FACILITIES FOR GEORGIA SOUTHERN UNIVERSITY 10834022 true false false false false false false false false false true false false true true true true true false false false false false false false false false true false true true false false false false false false false false false false false false false false true true false false false true 15 0 0 false false false false false false false false false false false false false false X 9 5 false false false false false true true true true true false true true true true true true false false false X MAURA COPELAND 9124787481 P O BOX 8020 STATESBORO GA 30460 KYLE MARRERO PRESIDENT 0.50 40.00 X X 0 0 0 JAIMIE HEBERT PRESIDENT 0.50 40.00 X 0 215607 38151 ROBERT L WHITAKER TREASURER 4.00 40.00 X X 0 247075 46626 TRIP ADDISON DIRECTOR 0.50 40.00 X 0 246000 22730 MAURA COPELAND SECRETARY 2.00 40.00 X 0 166711 34533 F THOMAS DAVID BOARD CHAIR X X 0 0 0 WILLIAM G BARTON DIRECTOR X X 0 0 0 DANIEL PINYAN DIRECTOR X 0 0 0 CHRIS CURTIS DIRECTOR 0.50 40.00 X 0 185000 38665 CHAD WIGGINS DIRECTOR X 0 0 0 ROBERT F MIKELL DIRECTOR X 0 0 0 1060393 180705 true true false ARMSTRONG APARTMENTS LLC 302 HERB RIVER RD SAVANNAH GA 31406 RENT 751908 1 LEASE INTEREST INCOME 9947797 9947797 REPLACEMENT RESERVE INCOME 1717824 1717824 FACILITIES RENTAL 960069 960069 GAIN ON CAPITAL LEASE 6226 6226 OTHER 2901 2901 12634817 532447 202725 329722 85971 85971 13253235 12837542 415693 545375 545375 70257 70257 61762 61762 23086 23086 188328 133001 55327 220 220 700150 700150 8185672 8185672 9603 9603 FACILITY REPAIRS/MAINT 971200 971200 AMORT OF BOND ISSUE COSTS 213196 213196 OTHER EXPENSES 63048 23666 39382 11031897 10834022 197875 0 2288634 2244048 31879724 33037849 503 12300 3583629 3311791 1620000 1620000 1620000 5997280 6327002 221997117 213150047 267366887 259703037 3921769 3808527 641793 69005 229585941 220572921 2606958 2420819 236756461 226871272 X 30610426 32831765 30610426 32831765 267366887 259703037 X 2221338 1 X false true X true false X X 1 GEORGIA SOUTHERN UNIVERSITY 586002059 2 true 10817793 0 1 10817793 0 true false false false false false false false false false false false false false false true false 1620000 1620000 1620000 NET INVESTMENT IN CAPITAL LEASE 213117609 ACCRUED INTEREST RECEIVABLE 32438 213150047 OTHER LIABILITIES 2420819 2420819 X 13253236 1 1 13253235 13253235 11031897 11031897 11031897 SCHEDULE D, PAGE 3, PART X THE FOUNDATION IS A NOT-FOR-PROFIT CORPORATION THAT IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3)OF THE INTERNAL REVENUE CODE. THE FOUNDATION ADOPTED THE INCOME TAX STANDARD FOR UNCERTAIN TAX POSITIONS ON JANUARY 1, 2009. AS A RESULT OF THE IMPLEMENTATION, THE FOUNDATION EVALUATED ITS TAX POSITIONS AND DETERMINED IT HAS NO UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2019. THE YEARS ENDED JUNE 30, 2016, 2017, 2018 AND 2019 ARE OPEN FOR POTENTIAL REVIEW AND ADJUSTMENT BY THE INTERNAL REVENUE SERVICE OR THE GEORGIA DEPARTMENT OF REVENUE UNDER THE STATUTE OF LIMITATIONS. THE ORGANIZATION HAS NO UNRELATED BUSINESS INCOME THAT COULD PRODUCE TAX LIABILITIES UNDER THE INTERNAL REVENUE CODE OR THE LAWS OF THE STATE OF GEORGIA. THEREFORE, NO TAX LIABILITY HAS BEEN REFLECTED IN THE FINANCIAL STATEMENTS. SCHEDULE D, PAGE 4, PART XI, LINE 2D ROUNDING 1 false GEORGIA SOUTHERN UNIVERSITY P O BOX 8020 STATESBORO GA 30458 586002059 GOV 545375 STUD HOUSING GRANTS false false false false false false false false false JAIMIE HEBERT PRESIDENT 215607 17551 25162 253758 ROBERT L WHITAKER TREASURER 247075 46576 14665 293701 TRIP ADDISON DIRECTOR 246000 22730 138 268730 MAURA COPELAND SECRETARY 166711 31433 18465 201244 CHRIS CURTIS DIRECTOR 185000 38665 5356 223665 A DEVELOPMENT AUTHORITY OF BULLOCH CO 581538786 12033RBL9 2011-05-26 42485880 ACQUISITION AND RENOVATION OF STUDENT HOUSING FACILITIES false true false B DEVELOPMENT AUTHORITY OF BULLOCH CO 581538786 120335AT1 2012-08-22 28310054 CONSTRUCTION OF STUDENT DINING FACILITIES false true false C DEVELOPMENT AUTHORITY OF BULLOCH CO 581538786 12033RCD6 2012-12-06 31094925 REFUND 2002 SERIES BONDS WHICH WERE USED FOR CONSTRUCTION OF STUDENT false true false D DEVELOPMENT AUTHORITY OF BULLOCH CO 581538786 120334CJ4 2013-03-21 29283535 REFUND 2004 SERIES BONDS, WHICH WERE USED TO CONSTRUCT STUDENT FACILITIES false true false A 4340000 42485880 1421348 2183081 840259 543315 37497877 2012 false true true true B 2780000 28310054 821818 1599219 490517 315300 25083200 2013 false false true true C 7355000 31094925 477960 235659 30381306 2003 true false true true D 7830000 29283535 1089094 459538 27734903 2005 false true true true A false false false false false false true B false false false false false false true C false false false false false false true D false false false false false false true A false false false true false false false false true B false false false true false false false false true C false false false true false false true FSA CAPITAL MANAGEMENT SERVICES LLC 15.800000000000 true false true D false false false true false false false false true A true B true C true D true SCHEDULE K - PURPOSE OF ISSUE DESCRIPTION DEVELOPMENT AUTHORITY OF BULLOCH CO FACILITIES SAVANNAH ECONOMIC DEV AUTHORITY PROFESSIONAL AND CONTINUING EDUCATION FACILITIES SAVANNAH ECONOMIC DEV AUTHORITY STUDENT FACTILIES SCHEDULE K - DATE REBATE COMPUTATION PERFORMED DEVELOPMENT AUTHORITY OF BULLOCH CO 05/26/16 DEVELOPMENT AUTHORITY OF BULLOCH CO 08/22/17 DEVELOPMENT AUTHORITY OF BULLOCH CO 12/06/17 DEVELOPMENT AUTHORITY OF BULLOCH CO 03/21/18 FORM 990, PAGE 6, PART VI, LINE 7A THE PRESIDENT OF GEORGIA SOUTHERN UNIVERSITY (THE RELATED ORGANIZATION) HAS AUTHORITY TO APPOINT COMMUNITY MEMBERS FROM A SLATE OF NOMINEES PROPOSED BY A NOMINATING COMMITTEE CONSISTING OF FIVE COMMUNITY DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 7B NOTICE TO AND CONCURRENCE OF THE BOARD OF REGENTS OR INSTITUTION IS REQUIRED FOR CHANGE OF NAME, CHANGE OF MISSION, OR CHANGE OF GOVERNANCE DOCUMENTS OR STRUCTURE OF THE ORGANIZATION. FORM 990, PAGE 6, PART VI, LINE 9 F. THOMAS DAVID 106 TOWHEE TRAIL STATESBORO, GA 30458-8667 WILLIAM G. BARTON 9238 WHITFIELD AVENUE SAVANNAH, GA 31406-6942 DANIEL PINYAN 1714 BULL STREET SAVANNAH, GA 31401-7437 FORM 990, PAGE 6, PART VI, LINE 11B THE TREASURER AND SECRETARY REVIEW THE RETURN, WHICH IS THEN PRESENTED TO FULL BOARD OF DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 12C OFFICERS AND DIRECTORS ARE ANNUALLY REQUIRED TO SIGN A STATEMENT THAT WOULD IDENTIFY INTERESTS OR RELATIONSHIPS THAT COULD GIVE RISE TO A CONFLICT OF INTEREST. ANNUAL STATEMENTS ARE REVIEWED BY TREASURER AND SECRETARY FOR COMPLETENESS AND POTENTIAL CONFLICTS OF INTEREST. FORM 990, PAGE 6, PART VI, LINE 19 DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST TO THE GOVERNING BOARD, AND THE FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC ON THE EMMA.ORG WEBSITE. FORM 990, PART XI, LINE 9 ROUNDING 1 GSU HOUSING FOUNDATION I LLC P O BOX 8020 STATESBORO GA 30460 LEASE DE GSUHF INC GSU HOUSING FOUNDATION II LLC P O BOX 8020 STATESBORO GA 30460 LEASE DE GSUHF INC GSU HOUSING FOUNDATION III LLC P O BOX 8020 STATESBORO GA 30460 LEASE DE GSUHF INC GSU HOUSING FOUNDATION IV LLC P O BOX 8020 STATESBORO GA 30460 LEASE DE GSUHF INC GSU HOUSING FOUNDATION V LLC P O BOX 8020 STATESBORO GA 30460 LEASE DE GSUHF INC GSU HOUSING FOUNDATION VI LLC P O BOX 8020 STATESBORO GA 30460 LEASE DE GSUHF INC ARMSTRONG CENTER LLC P O BOX 8020 STATESBORO GA 30460 LEASE GA GSUHF INC ASU STUDENT UNION LLC P O BOX 8020 STATESBORO GA 30460 LEASE GA GSUHF INC UNIVERSITY TERRACE LLC P O BOX 8020 STATESBORO GA 30460 LEASE GA GSUHF INC ASU CEDAR GROVE LLC P O BOX 8020 STATESBORO GA 30460 LEASE GA GSUHF INC GEORGIA SOUTHERN UNIVERSITY P O BOX 8020 STATESBORO GA 30460 586002059 UNIVERSITY GA GOV 2 NA false false true false false true false false false false true true false true true true true true false false GEORGIA SOUTHERN UNIVERSITY B 545375 HOUSING GRANTS GEORGIA SOUTHERN UNIVERSITY E 2409564 GENERAL LEDGER ACCOUNT GEORGIA SOUTHERN UNIVERSITY J 21321474 LEASE AMORTIZATION SCHED GEORGIA SOUTHERN UNIVERSITY K 111 LAND LEASE AGREEMENT GEORGIA SOUTHERN UNIVERSITY M 70257 PROFESSIONAL SVCS - MGT GEORGIA SOUTHERN UNIVERSITY N INCLD IN PROF SVCS ABOVE GEORGIA SOUTHERN UNIVERSITY O INCLD IN PROF SVCS ABOVE GEORGIA SOUTHERN UNIVERSITY P 785375 REIMB OF FACILITY REPAIRS GEORGIA SOUTHERN UNIVERSITY Q 793366 REIMB OF FACILITY INSURAN A