2017-11-14T11:06:03-05:00 2016-12-31 473172584 J BROCKLEHURST CPA PLLC 3900 WESTERRE PARKWAY SUITE 300 RICHMOND VA 23233 990 2016-01-01 201612906 LONGWOOD UNIVERSITY REAL ESTATE FOUNDATION LONG 4343952086 315 WEST THIRD STREET FARMVILLE VA 23901 LOUISE W WALLER EXECUTIVE DIRECTOR 4343952086 2017-11-14 true JANET L BROCKLEHURST P00449539 8047270120 2017-11-14 7D6D6337EF233A199007067B3537EBCDE1185D99 639E43D7064DA110D86365B3D40C5518D435221F 2016 2017-02-10 21:41:12Z LOUISE W WALLER 315 WEST THIRD STREET FARMVILLE VA 23901 11740959 false X X 2004 VA THE MISSION OF THE FOUNDATION IS TO ACQUIRE, DEVELOP, FINANCE, LEASE, HOLD, OPERATE, MANAGE AND DISPOSE OF REAL PROPERTY ASSETS AND INTERESTS FOR LONGWOOD UNIVERSITY. 15 5 11 -18529 0 9052115 11507040 14133 98623 -18529 9066248 11587134 69982 0 0 230837 214641 0 0 10708838 11173531 11009657 11388172 -1943409 198962 117048120 130726325 135028240 150830410 -17980120 -20104085 THE MISSION OF THE FOUNDATION IS TO ACQUIRE, DEVELOP, FINANCE, LEASE, HOLD, OPERATE, MANAGE AND DISPOSE OF REAL PROPERTY ASSETS AND INTERESTS FOR LONGWOOD UNIVERSITY. false false 11162651 11507040 ALL PROGRAM ACTIVITIES RELATE TO THE ACQUISITION, DEVELOPMENT, FINANCING, LEASING, HOLDING, OPERATING, MANAGEMENT AND DISPOSAL OF REAL PROPERTY ASSETS AND INTERESTS OF LONGWOOD UNIVERSITY. 11162651 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 false false false true false false false false false false false false false false false false false false true true false false false true 18 0 11 true false false false false false false false false false false X 15 5 false false false false false false false true true false false true true false false false false true true false VA X LOUISE W WALLER 4343952358 315 WEST THIRD STREET FARMVILLE VA 23901 OTIS BROWN PRESIDENT 5.00 X X 0 0 0 P KENNETH COPELAND JR DIRECTOR 2.00 X 0 0 0 W TAYLOR REVELEY IV DIRECTOR 2.00 X 0 0 0 GREGORY F FAWCETT II DIRECTOR 2.00 X 0 0 0 E DUFFY MYRTETUS DIRECTOR 2.00 X 0 0 0 HUNTER WATSON DIRECTOR 1.00 X 0 0 0 TIM J PIERSON PH D DIRECTOR 1.00 X 0 0 0 DR HELEN P WARRINER-BURKE DIRECTOR 1.00 X 0 0 0 SHERRY SWINSON DIRECTOR 1.00 X 0 0 0 BRAD SCHWARTZ DIRECTOR 1.00 X 0 0 0 CLAIRE REEVES LA ROACHE DIRECTOR 1.00 X 0 0 0 COURTNEY HODGES DIRECTOR 1.00 X 0 0 0 THOMAS RYAN FRISBIE-FULTON DIRECTOR 1.00 X 0 0 0 WILLIAM FIEGE DIRECTOR 1.00 X 0 0 0 MIKE EVANS DIRECTOR X 0 0 0 LOUISE W WALLER EXECUTIVE DI 40.00 X 0 94895 15810 94895 15810 false false false RENT 531110 11264291 11264291 PARKING 531190 181530 181530 STUDENT DAMAGES 531390 33984 33984 OTHER PROGRAM REVENUE 531390 27235 27235 11507040 91464 91464 135296 153825 -18529 -18529 -18529 7159 7159 7159 7159 11587134 11507040 -18529 98623 110704 99634 11070 62307 37075 25232 28272 18915 9357 13358 10697 2661 21343 21343 46515 46515 240915 171797 69118 58012 58012 2659203 2659203 3078623 3078623 3882127 3882127 216908 213718 3190 FACILITY MANAGEMENT COSTS 679366 679366 UNIVERSITY EXPENSES 114289 114289 DESIGN COSTS-OTHER PROP 109454 109454 FEASIBILITY STUDY 30193 30193 36583 36217 366 11388172 11162651 225521 0 932284 2489231 149711 147402 37754 68653 137333366 23518687 90425453 113814679 25502918 14206360 117048120 130726325 4444196 5274743 110610000 110110000 9884879 24182948 4361181 4221718 5727984 7041001 135028240 150830410 X -17980120 -20104085 -17980120 -20104085 117048120 130726325 198962 -2322927 X false true X true false X X 1 LONGWOOD UNIVERSITY 546001788 6 true 0 0 1 0 true false false false false false false false false false false false false false false false PART IV, SECTION C, LINE 1 THE REAL ESTATE FOUNDATION BOARD OF DIRECTORS IS APPOINTED BY LONGWOOD UNIVERSITY BOARD OF VISITORS AND INCLUDES 4 EX-OFFICIO DIRECTORS THAT HOLD OFFICIAL POSITIONS AT THE UNIVERSITY. SUPPLEMENTAL INFORMATION THE FOUNDATION PROVIDES LEASING OF STUDENT HOUSING AND OTHER STUDENT RELATED FACILITIES TO LONGWOOD UNIVERSITY (THE SUPPORTED ORGANIZATION) AND SUPPORTS GENERAL REAL ESTATE AND PROPERTY MANAGEMENT FOR THE UNIVERSITY. IN LIEU OF MONETARY SUPPORT, THE FOUNDATION PROVIDED ACCESS TO THE FACILITIES UNDER LEASE AGREEMENTS, AND PAYS MANAGEMENT AND OTHER ANCILLARY SERVICE FEES TO THE UNIVERSITY. SEE SCHEDULE R. 16496208 16496208 105669624 16870274 88799350 4336946 2646592 1690354 10830588 4001821 6828767 113814679 RESTRICTED DEPOSITS AND RESERVES 11826527 ACCRUED INTEREST RECEIVABLE 1785189 DUE FROM LONGWOOD 365456 OTHER RECEIVABLE 199425 RENT RECEIVABLE 29763 14206360 INTEREST RATE SWAP VALUATION 8228752 SECURITY DEPOSITS 12229 LOAN COSTS -1199980 7041001 X 9418032 -2322927 -2322927 11740959 -153825 -153825 11587134 11541997 153825 153825 11388172 11388172 SCHEDULE D, PAGE 3, PART X MANAGEMENT HAS EVALUATED THE EFFECT OF GUIDANCE PROVIDED IN US GAAP AS WELL AS ALL OTHER TAX POSITONS THAT COULD HAVE A SIGNIFICANT EFFECT ON THE CONSOLIDATED FINANCIAL STATEMENTS AND DETERMINED THAT THE FOUNDATION HAS NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2016. SCHEDULE D, PAGE 4, PART XI, LINE 2D UNREALIZED GAIN/LOSS ON SWAP -2,322,927 SCHEDULE D, PAGE 4, PART XI, LINE 4B RENTAL EXPENSE OFFSETTING INCOME -153,825 SCHEDULE D, PAGE 4, PART XII, LINE 2D RENTAL EXPENSES INCLUDED IN PROGRAM EXP 153,825 A IDA OF TOWN OF FARMVILLE VA EDUC FAC REV AND REFUNDING BDS 201 546001272 311617AE4 2015-05-28 110610000 REFUNDING OF SERIES 2012 BONDS AND FINANCING CONSTRUCTION OF ARC QUAD false false false A 18137118 5500000 1124579 17110935 85848303 1026183 true false true true A false false false false false false true A false true false false false true DEUTSCHE BANK 30.500000000000 false false true SOCIETEGENERALE 7.000000000000 true false true A true FORM 990, PAGE 6, PART VI, LINE 11B A DRAFT COPY OF THE 990 IS GIVEN TO THE EXECUTIVE DIRECTOR AND THE BOARD MEMBERS FOR A PERIOD OF TIME FOR CHANGES BEFORE THE 990 IS FILED. THE FINAL FORM 990 IS PRESENTED AT THE PRECEEDING BOARD OF TRUSTEES MEETING AND ALL BOARD MEMBERS ARE PROVIDED A COPY TO REVIEW AND ASK QUESTIONS. FORM 990, PAGE 6, PART VI, LINE 15A SALARIES ARE APPROVED BY LONGWOOD UNIVERSITY. FORM 990, PAGE 6, PART VI, LINE 15B ALL SALARIES ARE APPROVED BY LONGWOOD UNIVERSITY FORM 990, PAGE 6, PART VI, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENT AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9 UNREALIZED GAIN/LOSS ON SWAP -2,322,927 RENTAL EXPENSE OFFSETTING INCOME 153,825 RENTAL EXPENSES INCLUDED IN PROGRAM EXP -153,825 TOTAL -2,322,927 LONGWOOD HOUSING FOUNDATION LLC 315 WEST THIRD STREET FARMVILLE VA 23901 HOUSING VA 10598929 96824599 NA LONGWOOD WOODLAND POND HOUSING FOUNDATION LLC 315 WEST THIRD STREET FARMVILLE VA 23901 HOUSING VA 139834 2314276 NA LONGWOOD WOODLAND POND DEVELOPMENT FOUNDATION LLC 315 WEST THIRD STREET FARMVILLE VA 23901 LAND VA 315000 NA LONGWOOD MIDTOWN CRE LLC 315 WEST THIRD STREET FARMVILLE VA 23901 RENTAL VA 149453 8490095 NA LONGWOOD RIVERVIEW LLC 315 WEST THIRD STREET FARMVILLE VA 23901 REAL PROP VA 6900705 NA LONGWOOD UNIVERSITY 201 HIGH STREET FARMVILLE VA 23909 546001788 HIGHER ED VA STATE 6 NA false false false false false false false false false false true true true true false true true true false false