2019-10-07T09:07:19-07:00 2018-12-31 LARRY SAUNDERS & ASSOCIATES 2902 CHAMBERLAYNE AVE RICHMOND VA 23222 990 2018-01-01 010681650 VIRGINIA STATE UNIVERSITY REAL ESTATE FOUNDATION VIRG 8046914744 4010 J MITCHELL DRIVE PETERSBURG VA 23803 JOYCE HENDERSON EXECUTIVE DIRECTOR 8046914744 2019-10-07 true James E Benson P00175791 8043218512 2019-10-07 74.92.186.34 2019-10-07 09:07:12 PD P 79A4E6F460CBAE547C0272EBBF491FC2364909AD 513C535F184ACE0BC341413D63B360742CF89213 2018 2020-01-14 16:20:31Z JOYCE HENDERSON 4010 J MITCHELL JONES DRIVE PETERSBURG VA 23803 4084452 false X N/A X 2002 VA VSUREF IS ORGANIZED AND OPERATED TO AQUIRE, DEVELOP, RECEIVE, MAINTAIN AND MANAGE REAL ESTATE ASSETS THAT FURTHER THE AIMS AND PURPOSES OF VIRGINIA STATE UNIVERSITY. 5 3 0 0 0 0 0 3946517 4059655 3955 13075 33252 11722 3983724 4084452 0 0 54000 0 0 0 3391546 3627365 3445546 3627365 538178 457087 11678447 11314391 17736981 16415255 -6058534 -5100864 VSUREF IS ORGANIZED AND OPERATED TO AQUIRE, DEVELOP, RECEIVE, MAINTAIN AND MANAGE REAL ESTATE ASSETS THAT FURTHER THE AIMS AND PURPOSES OF VIRGINIA STATE UNIVERSITY. false false 3467343 0 8084452 TO MANAGE THE UNIVERSITY APARTMENTS AT ETTRICK A 504 BEDROOM FACILITY FOR VIRGINIA STATE UNIVERSITY STUDENTS, IN SUPPORT OF THE UNIVERSITY'S MISSION AND IN KEEPING WITH THE UNIVERSITY'S STRATEGY TO OFFER A VARIETY OF HOUSING ALTERNATIVES FOR STUDENTS. 3467343 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 false true false false false false false false false false false false false false false false false false false false false false true 0 0 0 false false false false false false false false false false X 5 3 false true false false false false false true true false false true true true true true true true false true true LARRY SAUNDERS ASSOCIATES 8043218512 2902 CHAMBERLAYNE AVE RICHMOND VA 23222 DR MILLARD STITH PRESIDENT 0.50 X X 0 0 0 AUBREY W FOUNTAIN III TREASURER 0.50 X X 0 0 0 ALONZO BELL JR BOARD MEMBER 0.50 X 0 0 0 DR LETIZIA GAMBRELL-BOONE SECRETARY 0.50 X X X 0 0 0 JAY STEGMAIER BOV APPOINTED LIAISON 0.50 X 0 0 0 KEVIN DAVENPORT NON-VOTING BOARD MEMBER 0.50 X X 0 0 0 JOYCE E HENDERSON EXECUTIVE DIRECTOR 30.00 X 45000 0 0 45000 0 0 false false false GREYSTAR SUITE 2100 IRVING TX 75039 PROPERTY MANAGEMENT 659470 COMCAST POBOX 3006 SOUTHEASTERN PA 19398 WIRELESS SERVICES 117661 GROOME TRANSPORTATION 2289 DABNEY ROAD RICHMOND VA 23230 SHUTTLE SERVICE 111414 3 STUDENT HOUSING 531310 4059655 0 0 4059655 13075 0 0 OTHER REVENUE 531110 11722 11722 0 0 11722 4084452 4084452 0 0 62568 62568 0 0 751083 751083 0 0 610558 610558 0 0 BANK SERVICE CHARGES 15440 15440 0 0 EMPLOYEE HIRING COST 6756 6756 0 0 MISC 17582 17582 0 0 OFFICE SUPPLIES 30134 30134 0 0 2133244 1973222 160022 0 3627365 3467343 160022 0 2419653 2601262 1801 0 5934 6708 16027110 9725449 6906900 6301661 2344159 2404760 11678447 11314391 238703 309182 34874 54149 14930905 14021433 2532499 2030491 17736981 16415255 X -6058534 -5100864 -6058534 -5100864 11678447 11314391 X 457087 X true X true X true false X 0 3498024 3501416 3706007 3946517 14651964 0 0 3498024 3501416 3706007 3946517 14651964 0 14651964 50 50 50 3955 4105 0 18360 17079 22230 33252 90921 14746990 0.99360 0.99330 X 0 0 0 Pt II Ln 10 Other Income Part II, Line 10 Description: OTHER INCOME 2014: 18360. 2015: 17079. 2016: 22230. 2017: 33252. 0 542828 542828 12014292 6421192 5593100 2435448 2329800 105648 1034542 974457 60085 6301661 SECURITY DEPOSITS 52950 TENANT RENT RECEIVBLE 78863 RESTRICTED CASH DEBT SERVICE 2272947 DEFERRED BOND 0 DUE FROM VSU TROJAN DEVELOPMENT COMPANY 0 DUE FROM VSU FOUNDATION 0 2404760 INTEREST SWAP 1966416 TENANT SECURITY DEPOSIT 52950 ACCRUED PROPERTY MANAGEMENT FEES 11125 LINE OF CREDIT 0 2030491 4084452 4084452 4084452 3627365 3627365 3627365 true VSU TUITION ASSISTANCE FUND 100 UNIVERSITY AVENUE PETERSBURG VA 23806 546001811 25000 0 CASH 0 TUITION 1 A VA SMALL BUSINESS FINANCING AUTHORITY 541300845 928104KL1 2008-08-01 21845842 REFINANCING OF BONDS false false false A 21845842 1067675 187799 20590368 true false true true A false false false false false 0.00000 0.00000 0.00000 false false 0.00000 false A false true false 0.000000000000 false 0.000000000000 false false A false Pt XI CHANGE IN FAIR VALUE OF INTEREST RATE SWAP OBLIGATION Pt VI, Line 19 THE FINANCIAL STATEMENTS AND ALL GOVERNING DOCUMENTS ARE AVAILABLE FOR PUBLIC ACCESS UPON REQUEST Pt VI, Line 11b THE FORM 990 IS GIVEN TO THE EXECUTIVE DIRECTOR WHO REVIEWS IT AND GOES OVER WITH THE BOARD OF DIRECTORS FOR THEIR APPROVAL TO BE ISSUED. Pt VI, Line 15a THE ORGANIZATION DID A VERBAL SURVEY OF OTHER STATE UNIVERSITIES IN VIRGINIA TO LEARN ABOUT COMPENSATION FOR THEIR FOUNDATION EXECUTIVE DIRECTOR AND ALSO REVIEWED SALARY DATA (FROM SALARY.COM) FOR FOUNDATION EXECUTIVE DIRECTORS WITHIN THE STATE OF VIRGINIA FOCUSING ON SALARY INFORMATION FOR PETERSBURG, RICHMOND AND NORFOLK. Pt VI, Line 3 GREYSTAR WAS GRANTED MANAGEMENT DUTIES Pt VI, Line 12c POLICY IMPLEMENTED IN 2015. BOARD MEMBERS REQUIRED TO UPDATE THE CONFLICT OF INTEREST FORM ANNUALLY AND WHEN CIRCUMSTANCES CHANGE THE INFORMATION ON FILE. THE EXECUTIVE DIRECTOR IS RESPONSIBLE FOR SECURING THE ANNUAL UPDATES. Form 990, Part IX, Line 24e PERSONNEL SERVICES 530095. 530095. 0. 0. Form 990, Part IX, Line 24e POSTAGE 828. 828. 0. 0. Form 990, Part IX, Line 24e PROFESSIONAL FEES 120146. 89499. 30647. 0. Form 990, Part IX, Line 24e PROPERTY MANAGEMENT FEES 129375. 0. 129375. 0. Form 990, Part IX, Line 24e REPAIRS,MAINTENANCE 878910. 878910. 0. 0. Form 990, Part IX, Line 24e TELEPHONE 9521. 9521. 0. 0. Form 990, Part IX, Line 24e TRAINING 12928. 12928. 0. 0. Form 990, Part IX, Line 24e UTILITIES 393137. 393137. 0. 0. Form 990, Part IX, Line 24e BAD DEBT EXPENSE 0. 0. 0. 0. Form 990, Part IX, Line 24e ROUNDING DIFFERENCE 0. 0. 0. 0. Form 990, Part IX, Line 24e INSURANCE 32704. 32704. 0. 0. Form 990, Part IX, Line 24e CONTRIBUTIONS 25600. 25600. 0. 0.