2025-11-05T17:33:42-05:00 2025-06-30 582467226 REDDICK RIGGS HUNTER & COLSON PC POST OFFICE BOX 725 STATESBORO GA 30459 990 2024-07-01 300037158 GEORGIA SOUTHERN UNIVERSITY HOUSING FOUNDATION INC GEOR 9124787481 P O BOX 8103 STATESBORO GA 30460 JUSTIN JANNEY ASSISTANT TREASURER 9124787481 2025-10-31 true true PATRICIA H HUNTER CPA P00366295 9127649843 2025-11-03 2024 2025-03-06 01:10:19Z KYLE MARRERO PO BOX 8033 STATESBORO GA 30460 10576541 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. 8 5 0 0 0 9133691 8701131 1129687 1875410 27203 0 10290581 10576541 603395 605000 0 0 0 0 9673063 7742321 10276458 8347321 14123 2229220 226719782 217229333 191912423 179873706 34807359 37355627 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 8146944 605000 8701131 TO ACQUIRE, CONSTRUCT OR IMPROVE STUDENT HOUSING FACILITIES OR OTHER STUDENT FACILITIES FOR GEORGIA SOUTHERN UNIVERSITY 8146944 true false false false false false false false false false true false false true true true true true false true true 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 true false true 1 0 0 false false false false false false false false false false false false false false X 8 5 false false false false false true true true true true false true true true true true true false false false GA X JUSTIN JANNEY 9124787481 P O BOX 8103 STATESBORO GA 30460 KYLE MARRERO PRESIDENT 0.50 40.00 X X 0 495000 52698 ROBERT L WHITAKER ASSISTANT TR X 0 145718 0 RON STALNAKER TREASURER 0.50 40.00 X X 0 299500 81422 TRIP ADDISON DIRECTOR 0.50 40.00 X 0 254249 44313 CHAD WIGGINS BOARD CHAIR 0.50 X X 0 0 0 ROBERT F MIKELL DIRECTOR 0.50 X 0 0 0 DANIEL PINYAN BOARD VICE-C 0.50 X X 0 0 0 WALT HUGGINS DIRECTOR 0.50 X 0 0 0 MAURA COPELAND SECRETARY 1.00 40.00 X 0 204440 62521 JUSTIN JANNEY ASSISTANT TR 1.00 40.00 X 0 238158 68708 DOUG LAMBERT DIRECTOR 0.50 X 0 0 0 1637065 309662 true true false STEPHEN CARR ARCHITECTS CONSULTING FEES 264486 1 LEASE INTEREST INCOME 6843930 6843930 REPLACEMENT RESERVE INCOME 1800975 1800975 FACILITIES RENTAL 50000 50000 GAIN ON CAPITAL LEASE 6226 6226 8701131 1663165 1077738 352579 212245 212245 10576541 9778869 564824 605000 605000 78925 78925 1845 1845 22000 22000 375773 343573 32200 5314599 5314599 12109 1781 10328 FACILITY REPAIRS/MAINT 1586158 1586158 AMORT OF BOND ISSUE COSTS 227775 227775 OTHER EXPENSES 123137 66213 56924 8347321 8146944 200377 0 2662774 3086942 34181659 35490124 55 2624175 2398265 1620000 1620000 1620000 7779599 9084075 177851520 165549927 226719782 217229333 3035199 2859033 37875 31649 187067389 175024447 1771960 1958577 191912423 179873706 X 34807359 37355627 34807359 37355627 226719782 217229333 X 2229220 319049 -1 X false true X true false X X 1 GEORGIA SOUTHERN UNIVERSITY GEORGIA SOUTHERN UNIVERSITY 586002059 2 true 8146944 0 1 8146944 0 true true false false false false false false false false false false false false false true false PART IV, SECTION A, LINE 2 RELATED ORGANIZATION IS A PUBLIC UNIVERSITY WHICH OPERATES UNDER THE SUPERVISION OF THE GEORGIA BOARD OF REGENTS FROM STATE APPROPRIATIONS, FEDERAL AND STATE GRANTS, AND TUITION AND FEES. 1620000 1620000 1620000 NET INVEST - DIRECT FINANCING LEASES 165363757 RIGHT OF USE ASSET 150015 ACCRUED INTEREST RECEIVABLE 36155 165549927 REPAIR & REPLACEMENT REIMBURSEMENT 1808562 OPERATING LEASE PAYABLE 150015 1958577 X 10895591 319049 1 319050 10576541 10576541 8347323 2 2 8347321 8347321 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, 2025. THE YEARS ENDED JUNE 30, 2022 THROUGH 2025 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 SCHEDULE D, PAGE 4, PART XII, LINE 2D ROUNDING 2 false EUROPE 1 PROGRAM SERVICES RENTAL - ED FACILITY 38000 EUROPE 1 PROGRAM SERVICES CONSULT - ED FACILIT 262454 2 2 300454 300454 false false false false false false SCHEDULE F, PAGE 1, PART I, LINE 3 EUROPE 38,000 0 EUROPE 262,454 0 SCHEDULE F, PAGE 5, PART V THE FOUNDATION LEASES EDUCATION FACILITIES, WHICH ARE SUBLEASED TO GEORGIA SOUTHERN UNIVERSITY. THE UNIVERSITY CONDUCTS EDUCATIONAL SERVICES ON THE SITE. false GEORGIA SOUTHERN UNIVERSITY P O BOX 8020 STATESBORO GA 30458 586002059 GOV 605000 STUDENT HOUSING GRNT false false false false false false false false false KYLE MARRERO PRESIDENT 495000 31878 20820 547698 ROBERT L WHITAKER ASSISTANT TREASURER 16408 98450 30860 145718 RON STALNAKER TREASURER 248500 51000 61075 20347 380922 TRIP ADDISON DIRECTOR 254249 23493 20820 298562 MAURA COPELAND SECRETARY 204440 41701 20820 266961 JUSTIN JANNEY ASSISTANT TREASURER 197186 40972 48527 20181 306866 A DEVELOPMENT AUTHORITY OF BULLOCH CO 581538786 120335AT1 2012-08-22 28310054 CONSTRUCTION OF STUDENT DINING FACILITIES false false false B DEVELOPMENT AUTHORITY OF BULLOCH CO 581538786 12033RCD6 2012-12-06 31094925 REFUND 2002 SERIES BONDS WHICH WERE USED FOR CONSTRUCTION OF STUDENT FACILITIES false false false C DEVELOPMENT AUTHORITY OF BULLOCH CO 581538786 120334CJ4 2013-03-21 29283535 REFUND 2004 SERIES BONDS, WHICH WERE USED TO CONSTRUCT STUDENT FACILITIES false false false D DEVELOPMENT AUTHORITY OF BULLOCH CO 581538786 120334EN3 2015-11-17 28588531 REFUND 2005 SERIES BONDS, WHICH WERE USED TO CONSTRUCT STUDENT FACILITIES false false false A 6900000 28310054 821818 1599219 490517 315300 25083200 2013 false false true true B 17035000 31094925 477960 235659 30381306 2003 true false true true C 16885000 29283535 1089094 459538 27734903 2005 false true true true D 13450000 28588531 471484 36843 28080204 2006 true false true true A false false false false false false true B 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 true FSA CAPITAL MANAGEMENT SERVICES LLC 15.800000000000 true false true C false false false true false false false false true D false false false true false false false false true A true B true C true D true PURPOSE OF ISSUE DESCRIPTION DEVELOPMENT AUTHORITY OF BULLOCH CO CONSTRUCTION OF STUDENT DINING FACILITIES PURPOSE OF ISSUE DESCRIPTION DEVELOPMENT AUTHORITY OF BULLOCH CO REFUND 2002 SERIES BONDS WHICH WERE USED FOR CONSTRUCTION OF STUDENT FACILITIES PURPOSE OF ISSUE DESCRIPTION DEVELOPMENT AUTHORITY OF BULLOCH CO REFUND 2004 SERIES BONDS, WHICH WERE USED TO CONSTRUCT STUDENT FACILITIES PURPOSE OF ISSUE DESCRIPTION DEVELOPMENT AUTHORITY OF BULLOCH CO REFUND 2005 SERIES BONDS, WHICH WERE USED TO CONSTRUCT STUDENT FACILITIES DATE REBATE COMPUTATION PERFORMED DEVELOPMENT AUTHORITY OF BULLOCH CO 08/22/22 DATE REBATE COMPUTATION PERFORMED DEVELOPMENT AUTHORITY OF BULLOCH CO 12/06/22 DATE REBATE COMPUTATION PERFORMED DEVELOPMENT AUTHORITY OF BULLOCH CO 03/21/23 DATE REBATE COMPUTATION PERFORMED DEVELOPMENT AUTHORITY OF BULLOCH CO 11/17/20 A DEVELOPMENT AUTHORITY OF BULLOCH CO 581538786 120334FK8 2017-08-15 56965485 REFUND SERIES 2008 BONDS, WHICH WERE USED TO CONSTRUCT STUDENT FACILITIES true false false B SAVANNAH ECONOMIC DEV AUTHORITY 586001588 80483CMG3 2015-09-30 16817298 REFUND SERIES 2005A BONDS, WHICH WERE USED TO PURCHASE AND RENOVATE PROFESSIONAL AND CONTINUING EDUC false false false C SAVANNAH ECONOMIC DEV AUTHORITY 586001588 80483CNV9 2016-10-27 24309087 REFUND SERIES 2009 BONDS, WHICH WERE USED TO ACQUIRE, RENOVATE AND IMPROVE STUDENT FACTILIES false false false D DEVELOPMENT AUTHORITY OF BULLOCH CO 581538786 120334FL6 2020-07-01 16420000 PROCEEDS WERE USED FOR RENOVATION OF STUDENT HOUSING FACILITIES false false false A 9760000 8930000 56965485 631430 56334055 2009 false true true true B 10880000 16817298 336346 51029 16429923 2015 true false true true C 5440000 2409087 385727 73500 23849859 2016 false true true true D 585000 17820173 981990 356403 1648170 2021 false false 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 true MORGAN STANLEY 29.600000000000 true false true C false false false true false false true MORGAN STANLEY 27.600000000000 true false true D true false false false false true A true B true C true D true PURPOSE OF ISSUE DESCRIPTION DEVELOPMENT AUTHORITY OF BULLOCH CO REFUND SERIES 2008 BONDS, WHICH WERE USED TO CONSTRUCT STUDENT FACILITIES PURPOSE OF ISSUE DESCRIPTION SAVANNAH ECONOMIC DEV AUTHORITY REFUND SERIES 2005A BONDS, WHICH WERE USED TO PURCHASE AND RENOVATE PROFESSIONAL AND CONTINUING EDUCATION FACILITIES PURPOSE OF ISSUE DESCRIPTION SAVANNAH ECONOMIC DEV AUTHORITY REFUND SERIES 2009 BONDS, WHICH WERE USED TO ACQUIRE, RENOVATE AND IMPROVE STUDENT FACTILIES PURPOSE OF ISSUE DESCRIPTION DEVELOPMENT AUTHORITY OF BULLOCH CO PROCEEDS WERE USED FOR RENOVATION OF STUDENT HOUSING FACILITIES DATE REBATE COMPUTATION PERFORMED DEVELOPMENT AUTHORITY OF BULLOCH CO 08/15/22 DATE REBATE COMPUTATION PERFORMED SAVANNAH ECONOMIC DEV AUTHORITY 12/01/24 DATE REBATE COMPUTATION PERFORMED SAVANNAH ECONOMIC DEV AUTHORITY 06/15/21 A DEVELOPMENT AUTHORITY OF BULLOCH CO 581538786 120334JP3 2021-05-26 44525698 false false false A 3540000 44525698 590759 9947245 33987494 2022 true false true true A false false false false false false true A false true false false false false false false true A true 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 CHAD WIGGINS 19368 HWY 80 WEST STATESBORO, GA 30461 ROBERT F. MIKELL 607 COTTONTAIL LANE STATESBORO, GA 30461 DANIEL PINYAN 1714 BULL STREET SAVANNAH, GA 31401-7437 WALT HUGGINS 1612 WILLIAMS ROAD STATESBORO, GA 30458 DOUG LAMBERT P. O. BOX 1101 STATESBORO, GA 30459 FORM 990, PAGE 6, PART VI, LINE 11B THE TREASURER OR HIS DESIGNATED REPRESENTATIVE REVIEWS 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 ROUNDING -2 TOTAL -1 GSU HOUSING FOUNDATION I LLC P O BOX 8103 STATESBORO GA 30460 LEASE DE 935362 20515842 GSUHF INC GSU HOUSING FOUNDATION II LLC P O BOX 8103 STATESBORO GA 30460 LEASE DE 976510 15155917 GSUHF INC GSU HOUSING FOUNDATION III LLC P O BOX 8103 STATESBORO GA 30460 LEASE DE 873416 15942914 GSUHF INC GSU HOUSING FOUNDATION IV LLC P O BOX 8103 STATESBORO GA 30460 LEASE DE 1622148 38150145 GSUHF INC GSU HOUSING FOUNDATION V LLC P O BOX 8103 STATESBORO GA 30460 LEASE DE 2123707 42504045 GSUHF INC GSU HOUSING FOUNDATION VI LLC P O BOX 8103 STATESBORO GA 30460 LEASE DE 1305384 23665824 GSUHF INC GSU HOUSING FOUNDATION VII LLC P O BOX 8103 STATESBORO GA 30460 LEASE DE 751026 17566523 GSUHF INC ARMSTRONG CENTER LLC P O BOX 8103 STATESBORO GA 30460 LEASE GA 582431 10972680 GSUHF INC ASU STUDENT UNION LLC P O BOX 8103 STATESBORO GA 30460 LEASE GA 770972 18017716 GSUHF INC ASU CEDAR GROVE LLC P O BOX 8103 STATESBORO GA 30460 LEASE GA 12019 1421289 GSUHF INC GEORGIA SOUTHERN UNIVERSITY P O BOX 8020 STATESBORO GA 30460 586002059 UNIVERSITY GA GOV NA false false true false false false false false false false true true false true true true true true false false GEORGIA SOUTHERN UNIVERSITY B 605000 HOUSING GRANTS GEORGIA SOUTHERN UNIVERSITY J 20924101 LEASE AMORTIZATION SCHED GEORGIA SOUTHERN UNIVERSITY K 111 LAND LEASE AGREEMENT GEORGIA SOUTHERN UNIVERSITY M 78925 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 1621058 REIMB OF FACILITY REPAIRS GEORGIA SOUTHERN UNIVERSITY Q 1951403 REIMB OF FACILITY INSURAN