2025-11-13T17:22:43-05:00 2024-12-31 473172584 J BROCKLEHURST CPA PLLC 3900 WESTERRE PARKWAY SUITE 300 RICHMOND VA 23233 990 2024-01-01 822912570 P3 FOUNDATION INC P3FO 9724155348 200 QUEBEC ST 300-111 DENVER CO 80230 KIM WYATT EXECUTIVE DIRECTOR 9724155348 2025-11-05 true false JANET L BROCKLEHURST P00449539 8047290023 2025-11-13 2024 2025-03-06 01:10:19Z KIM WYATT 200 QUEBEC ST 300-111 DENVER CO 80230 40447566 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 9850000 11423541 17631187 1019408 12162530 -552767 0 16090838 39643717 15000 102500 0 996634 2299094 0 0 15132125 27231536 16143759 29633130 -52921 10010587 212598575 1308256747 250353873 1326999822 -37755298 -18743075 X 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 21212268 17621610 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. 4355582 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. 230442 102500 9577 PROVIDING SERVICES, ACTIVITIES AND PROGRAMS DEDICATED TO FURTHERING COMMUNITY DEVELOPMENT, EDUCATION, AND LESSENING THE BURDENS OF GOVERNMENT. OTHER PROJECTS IN CONSTRUCTION PHASE INCLUDE: HEALTHCARE: ACQUISITION AND CONSTRUCTION OF WELLNESS VILLAGE PROJECT HEALTH CARE FACILITY IN RIVERSIDE COUNTY,CA. THE PROJECT IS IN CONNECTION WITH THE RIVERSIDE UNIVERSITY HEALTH SYSTEM AND WILL OFFER OUTPATIENT AND RESIDENTIAL SERVICES FOR BEHAVIORAL HEALTH AND SUBSTANCE USE DISORDERS, PRIMARY HEALTHCARE, AND BEHAVIORAL HEALTH URGENT CARE. SENIOR LIVING: ACQUISITION AND CONSTRUCTION OF SENIOR LIVING FACILITY IN IRVINE, CA. THE PROJECT IS AN 8 STORY FACILITY OFFERING INDEPENDENT, ASSISTED LIVING, AND MEMORY CARE. CITY DEVELOPMENT PROJECT: CONSTRUCTION OF A STATE-OF-THE-ART WORKFORCE DEVELOPMENT CENTER IN BALTIMORE, MD THAT WILL BE HOME TO THE MAYOR'S OFFICE OF EMPLOYMENT DEVELOPMENT. 25798292 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 true true false false false false false false false false false true false false false false true true true false false false true 5 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 true false X KIM WYATT 9724155348 700 COLORADO BLVD 351 DENVER CO 80206 KIM WYATT EXECUTIVE DI 35.00 X 461702 0 0 GREG FAWCETT SECRETARY 15.00 X X 300000 0 0 LOUISE WALLER DIRECTOR 10.00 X 30000 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 791702 2 false true false SNYDER LANGSTON 17962 COWAN IRVINE CA 92614 CONSTRUCTION 51893436 PMB MEAD VALLEY LLC 329 SOUTH HIGHWAY 101 SUITE 160 SOLANA BEACH CA 92075 PROJECT MGMT 15423547 HARBERT SOUTH BAY 2100 THIRD AVENUE NORTH SUITE 600 BIRMINGHAM AL 35203 DEVELOPMENT 14540000 WM JORDAN 11010 JEFFERSON AVE NEWPORT NEWS VA 23601 CONSTRUCTION 12063503 NP ASSET SERVICES LLC 3710 RAWLINS ST STE 1000 DALLAS TX 75219 CONSULTING 1505234 18 9850000 9850000 HOUSING RENTAL 16878685 16878685 OTHER LEASING INCOME 746925 746925 OTHER FEE INCOME 5577 5577 17631187 12225379 12225379 741000 734035 69814 6965 -69814 -62849 -62849 39643717 17631187 12162530 102500 102500 791702 684362 107340 1249115 465572 783543 171048 63753 107295 87229 32512 54717 55961 55961 85367 85367 1770788 200157 1570631 224631 224631 739582 47255 692327 44511 44511 4746323 4746323 12621211 12621211 4128585 4128585 GROUND LEASE 2094673 2094673 MANAGEMENT FEES 566878 566878 OTHER MISCELLANEOUS 115490 115490 BAD DEBT EXPENSE 37536 37536 29633130 25798292 3834838 0 3197044 7733261 480143 1314729 303956 368035 190860113 43792883 101131603 147067230 896324 820537 106589505 1150952955 212598575 1308256747 7556468 21791034 181337828 1181107828 38938323 53805724 495000 495000 22026254 69800236 250353873 1326999822 X -37755298 -18743075 -37755298 -18743075 212598575 1308256747 10010587 9001636 X X false false X 4200656 9850000 14050656 3310321 5131237 10807757 10870774 17631187 47751276 3310321 5131237 10807757 15071430 27481187 61801932 61801932 3169 703 84070 1031088 12225379 13344409 3169 703 84070 1031088 12225379 13344409 3313490 5131940 10891827 16102518 39706566 75146341 0.82240 0.96940 0.18000 0.03000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 50000000 50000000 133202815 39406611 93796204 7568880 4335792 3233088 88418 50480 37938 147067230 RESTRICTED BOND RESERVES 920765602 CONSTRUCTION IN PROGRESS 175553573 LEASED ASSETS 46720680 RECEIVABLE - BONDS 7900000 OTHER INVESTMENTS 13100 1150952955 BOND PREMIUM/DISCOUNT 44185413 DEFERRED GROUND LEASE 22325338 LEASE LIABILITIES 17893183 DEFERRED RENT 2911394 OTHER PAYABLES 966250 BOND ISSUE COSTS -18481342 69800236 true HISTORIC WEST END PARTNERS PO BOX 30444 CHARLOTTE NC 28230 271880057 501C3 10000 OPERATIONS THE RELATIVES 2219 FREEDOM DRIVE CHARLOTTE NC 28208 561082022 501C3 10000 OPERATIONS HABITAT FOR HUMANITY 3815 LATROBE DR CHARLOTTE NC 28211 561366233 501C3 10000 OPERATIONS LONGWOOD UNIVERSITY TRUST 201 HIGH ST FARMVILLE VA 23909 465445049 501C3 10000 OPERATIONS RUHS FOUNDATION PO BOX 9850 MORENO VALLEY CA 92552 330137401 501C3 10000 OPERATIONS JLL FOUNDATION 4200 WESTHEIMER ROAD SUITE 1400 HOUSTON TX 77027 843169021 501C3 10000 OPERATIONS JONNYCAKE CENTER 1231 KINGSTOWN RD PEACE DALE RI 02879 050374356 501C3 10000 OPERATIONS MUSTARD TREE FOUNDATION INSIGHT PROGRAM IN CHARLOTTE 5110 OLD ELLIS PT ROSWELL GA 30076 814737005 501C3 10000 TREATMENT PROGRAM CITY OF REFUGE 3216 MARTIN LUTHER KING JR BLVD SACREMENTO CA 95817 462676243 501C3 10000 OPERATIONS 10 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. X false false false false false false false false false KIM WYATT EXECUTIVE DIRECTOR 461702 461702 GREG FAWCETT SECRETARY 300000 300000 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 2023AB1 541300845 92810TAA1 2023-03-30 58512828 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 1930925 1160579 2000000 2024 true false true true D 55994233 16511018 2772588 1111560 35599066 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 true false false false false false B false true false false false false false false false C false true false false false false false false false D false true 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/B1 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 CA ENT DEV AUTH LEASE REV BDS 2024A 352273601 13067VBTO 2024-06-05 517030000 TO FINANCE THE COST OF DESIGN, DEVELOPMENT, CONSTRUCTION, INSTALLATION, FURNISHING AND EQUIPING OF A false false false B CA PUBLIC FINANCE AUTHORITY 2024ACD 474447476 13057GAQ2 2024-11-26 460100000 TO FINANCE THE COST OF ACQUISITION, CONSTRUCTION AND EQUIPPING OF A SENIOR LIVING COMMUNITY TO BE KN false false false C MD ECONOMIC DEV CORP LEASE REV 2024 521376562 57420PHE9 2024-12-19 22890000 TO FINANCE THE COST OF CONSTRUCTING AND INSTALLING AN OFFICE BUILDING TO BE LEASED BY THE MAYOR AND false false false A 567215484 464551569 11028201 6992720 84642994 false false false true B 455179094 436265047 8914047 10000000 false false false true C 24252815 23796973 455842 false false false true A false false false false false false false B false false false false false false false C false false false false false false false A false true false false false false false false false B false true false false false false false false false C false true false false false false false false false A false B false C false PURPOSE OF ISSUE DESCRIPTION CA ENT DEV AUTH LEASE REV BDS 2024AB TO FINANCE THE COST OF DESIGN, DEVELOPMENT, CONSTRUCTION, INSTALLATION, FURNISHING AND EQUIPING OF A BEHAVIORAL HEALTH FACILITIES CAMPUS AND RELATED IMPROVEMENTS LOCATED IN THE UNINCORPORATED MEAD VALLEY AREA OF RIVERSIDE COUNTY, CA. PURPOSE OF ISSUE DESCRIPTION CA PUBLIC FINANCE AUTHORITY 2024ACD TO FINANCE THE COST OF ACQUISITION, CONSTRUCTION AND EQUIPPING OF A SENIOR LIVING COMMUNITY TO BE KNOWN AS "THE JAMES", TO BE LOCATED IN IRVINE CA. PURPOSE OF ISSUE DESCRIPTION MD ECONOMIC DEV CORP LEASE REV 2024 TO FINANCE THE COST OF CONSTRUCTING AND INSTALLING AN OFFICE BUILDING TO BE LEASED BY THE MAYOR AND CITY COUNCIL OF BALTIMORE TO SERVE AS THE NEW HEADQUARTERS FOR THE MAYORS OFFICE OF EMPLOYMENT DEVELOPMENT. 35 CONTROLLED ENTITY OF OFFICERS 35% OWNED 1113813 STRATEGIC SERVICES false 35 CONTROLLED ENTITY OF DIRECTOR 35% OWNED 21863 CONSULTING 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). PART IV, LINE (2): THE ORGANIZATION PAYS FOR STRATEGIC CONSULTING SERVICES IN CONNECTION WITH POSSIBLE FUTURE ACQUISITIONS AND OR INVESTMENTS IN SENIOR LIVING CONSTRUCTION PROJECTS PROVIDED BY AN ENTITY OWNED BY ONE OF THE DIRECTORS AND THAT DIRECTORS FAMILY MEMBERS,EVA HILL. FORM 990 THE ORGANIZATION HAS NO FUNDRAISING EXPENSES. ANY GRANTS RECEIVED DURING THE YEAR WERE PART OF A FINANCING DEAL. ALL FINANCING COSTS ARE CAPITALIZED TO THE PROJECT. FORM 990, PAGE 2, PART III, LINE 4D OTHER PROJECTS IN CONSTRUCTION PHASE INCLUDE: HEALTHCARE: ACQUISITION AND CONSTRUCTION OF WELLNESS VILLAGE PROJECT HEALTH CARE FACILITY IN RIVERSIDE COUNTY,CA. THE PROJECT IS IN CONNECTION WITH THE RIVERSIDE UNIVERSITY HEALTH SYSTEM AND WILL OFFER OUTPATIENT AND RESIDENTIAL SERVICES FOR BEHAVIORAL HEALTH AND SUBSTANCE USE DISORDERS, PRIMARY HEALTHCARE, AND BEHAVIORAL HEALTH URGENT CARE. SENIOR LIVING: ACQUISITION AND CONSTRUCTION OF SENIOR LIVING FACILITY IN IRVINE, CA. THE PROJECT IS AN 8 STORY FACILITY OFFERING INDEPENDENT, ASSISTED LIVING, AND MEMORY CARE. CITY DEVELOPMENT PROJECT: CONSTRUCTION OF A STATE-OF-THE-ART WORKFORCE DEVELOPMENT CENTER IN BALTIMORE, MD THAT WILL BE HOME TO THE MAYOR'S OFFICE OF EMPLOYMENT DEVELOPMENT. 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 OFFICER 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. THE HOURLY RATE IS SET BASED ON THE EXPERTISE REQUIRED TO MANAGE AND OVERSEE THE FINANCIAL AND LEGAL COMPLEXITIES OF THE ORGANIZATION. THE 2024 COMPENSATION INCLUDED A ONE-TIME PAYMENT FOR SERVICES RENDERED IN THE PREVIOUS 2 YEARS. FORM 990, PAGE 6, PART VI, LINE 15B ANY COMPENSATION PAID TO OTHER OFFICERS IS OUTSIDE OF THEIR ROLES AS OFFICERS OF THE ORGANIZATION AND IS FOR OTHER SERVICES PROVIDED IN THE ORDINARY COURSE OF BUSINESS RELATIONSHIPS AS INDEPENDENT CONSULTANTS. FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS ARE NOT MADE AVAILABLE TO THE GENERAL PUBLIC. FORM 990, PART XII THE FINANCIAL STATEMENTS OF THE DISREGARDED ENTITIES ARE REVIEWED OR AUDITED BY INDEPENDENT ACCOUNTANTS. EACH OF THOSE FINANCIAL STATEMENTS ARE ISSUED ON A SEPARATE BASIS FROM THE CONSOLIDATED ORGANIZATION. 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