COLLEGIATE HOUSING FOUNDATION: Form 990, tax year 2011

View the entire original 990 at ProPublica ↗

Organization: COLLEGIATE HOUSING FOUNDATION (EIN 63-1173425)
Tax period: 2011-07-01 to 2012-06-30
Filed: 2013-05-13
IRS object ID: 201321339349304572
Schema version: 2011v1.5
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule A
Schedule B
Schedule D
Schedule J
Schedule K
Schedule K
Schedule K
Schedule K
Schedule K
Schedule K
Schedule O
Schedule R

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2013-05-13T16:49:53-05:00	Timestamp
Tax Period End Date	2012-06-30	TaxPeriodEndDate

Preparer Firm PreparerFirm

Field	Value	IRS element (for citing)
EIN	270355040	EIN

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	WILKINS MILLER HIERONYMUS LLC	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 70047	AddressLine1
City	MOBILE	City
State	AL	State
ZIP Code	36670	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnType
Tax Period Begin Date	2011-07-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	631173425	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	COLLEGIATE HOUSING FOUNDATION	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	COLL	NameControl
Phone	2519289340	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	POST OFFICE BOX 1385	AddressLine1
City	FAIRHOPE	City
State	AL	State
ZIP Code	365331385	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	LEEMAN H COVEY	Name
Title	PRESIDENT	Title
Phone	2519289340	Phone
Date Signed	2013-05-13	DateSigned
Authorize Third Party	1	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	BRIAN M BLAKENEY	Name
PTIN	P00444917	PTIN
Phone	2514106700	Phone
Date Prepared	2013-05-13	DatePrepared

Field	Value	IRS element (for citing)
Tax Year	2011	TaxYear
Build TS	2016-02-24 21:20:13Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Name Of Principal Officer Person	LEEMAN H COVEY	NameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

Field	Value	IRS element (for citing)
Address Line1	POST OFFICE BOX 1385	AddressLine1
City	FAIRHOPE	City
State	AL	State
ZIP Code	365331385	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	93353073	GrossReceipts
Group Return For Affiliates	0	GroupReturnForAffiliates
Organization501c3	X	Organization501c3
Web Site	WWW.COLLEGIATEHOUSING.ORG	WebSite
Type Of Organization Corporation	X	TypeOfOrganizationCorporation
Year Formation	1996	YearFormation
State Legal Domicile	AL	StateLegalDomicile
Activity Or Mission Description	(A)THE ORGANIZATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE, RELIGIOUS, AND EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE U.S INTERNAL REVENUE CODE OF 1986 (THE CODE) INCLUDING FOR SUCH PURPOSES:(1)ASSISTING EACH OF ITS MEMBERS TO PROVIDE HOUSING FOR ITS ENROLLED STUDENTS; AND (2)OTHERWISE ASSISTING EACH OF ITS MEMBERS TO FURTHER THEIR EDUCATIONAL MISSIONS.(B)THE ORGANIZATION IS EMPOWERED TO DO AND PERFORM SUCH ACTS AS MAY BE NECESSARY OR APPROPRIATE IN CARRYING OUT THE FOREGOING PURPOSES OF THE ORGANIZATION AND IN CONNECTION THEREWITH TO EXERCISE ANY OF THE POWERS GRANTED TO NONPROFIT CORPORATIONS BY THE ALABAMA NONPROFIT CORPORATION ACT WHICH ARE CONSISTENT WITH THE ORGANIZATION'S STATUS AS AN ORGANIZATION (I) EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(A) AND 501(C)(3) OF THE CODE AND (II) TO WHICH CONTRIBUTIONS ARE DEDUCTIBLE UNDER SECTION 170(C)(2) OF THE CODE.	ActivityOrMissionDescription
Nbr Voting Members Governing Body	6	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	5	NbrIndependentVotingMembers
Total Nbr Employees	3	TotalNbrEmployees
Total Nbr Volunteers	0	TotalNbrVolunteers
Total Gross UBI	76507	TotalGrossUBI
Net Unrelated Business Txbl Income	12808	NetUnrelatedBusinessTxblIncome
Contributions Grants Prior Year	374441	ContributionsGrantsPriorYear
Contributions Grants Current Year	3200000	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	78614765	ProgramServiceRevenuePriorYear
Program Service Revenue CY	87266560	ProgramServiceRevenueCY
Investment Income Prior Year	2725021	InvestmentIncomePriorYear
Investment Income Current Year	2650356	InvestmentIncomeCurrentYear
Other Revenue Prior Year	54805	OtherRevenuePriorYear
Other Revenue Current Year	76507	OtherRevenueCurrentYear
Total Revenue Prior Year	81769032	TotalRevenuePriorYear
Total Revenue Current Year	93193423	TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year	0	GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY	0	GrantsAndSimilarAmntsCY
Benefits Paid To Members Prior Year	0	BenefitsPaidToMembersPriorYear
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Prior Year	311605	SalariesEtcPriorYear
Salaries Etc Current Year	628439	SalariesEtcCurrentYear
Total Prof Fundrsng Exp Prior Year	0	TotalProfFundrsngExpPriorYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	0	TotalFundrsngExpCurrentYear
Other Expense Prior Year	105486368	OtherExpensePriorYear
Other Expenses Current Year	108586616	OtherExpensesCurrentYear
Total Expenses Prior Year	105797973	TotalExpensesPriorYear
Total Expenses Current Year	109215055	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	-24028941	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	-16021632	RevenuesLessExpensesCY
Total Assets BOY	953680803	TotalAssetsBOY
Total Assets EOY	1071624609	TotalAssetsEOY
Total Liabilities BOY	1022770313	TotalLiabilitiesBOY
Total Liabilities EOY	1156995358	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	-69089510	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	-85370749	NetAssetsOrFundBalancesEOY
Info In Schedule O Part III	X	InfoInScheduleOPartIII
Mission Description	(A)THE ORGANIZATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE, RELIGIOUS, AND EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE U.S. INTERNAL REVENUE CODE OF 1986 (THE CODE) INCLUDING FOR SUCH PURPOSES:(1)ASSISTING EACH OF ITS MEMBERS TO PROVIDE HOUSING FOR ITS ENROLLED STUDENTS; AND(2)OTHERWISE ASSISTING EACH OF ITS MEMBERS TO FURTHER THEIR EDUCATIONAL MISSIONS.(B)THE ORGANIZATION IS EMPOWERED TO DO AND PERFORM SUCH ACTS AS MAY BE NECESSARY OR APPROPRIATE IN CARRYING OUT THE FOREGOING PURPOSES OF THE ORGANIZATION AND IN CONNECTION THEREWITH TO EXERCISE ANY OF THE POWERS GRANTED TO NONPROFIT CORPORATIONS BY THE ALABAMA NONPROFIT CORPORATION ACT WHICH ARE CONSISTENT WITH THE ORGANIZATION'S STATUS AS AN ORGANIZATION (I) EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(A) AND 501(C)(3) OF THE CODE AND (II) TO WHICH CONTRIBUTIONS ARE DEDUCTIBLE UNDER SECTION 170(C)(2) OF THE CODE.	MissionDescription
Significant New Program Services	0	SignificantNewProgramServices
Significant Change	0	SignificantChange
Expense	54568145	Expense
Revenue	37530791	Revenue
Description	PROVIDE 5,126 BED STUDENT HOUSING FACILITY IN IRVINE,CA FOR UNIVERSITY OF CALIFORNIA IRVINE	Description

Activity2 Activity2

Field	Value	IRS element (for citing)
Expense	6985458	Expense
Revenue	7956346	Revenue
Description	PROVIDE 880 BED STUDENT HOUSING FACILITY IN NEWARK, DE FOR UNIVERSITY OF DELAWARE	Description

Activity3 Activity3

Field	Value	IRS element (for citing)
Expense	5473601	Expense
Revenue	2770600	Revenue
Description	PROVIDE 457 BED STUDENT HOUSING FACILITY IN DES MOINES, IOWA FOR DRAKE UNIVERSITY	Description

Activity Other ActivityOther (23 entries)

ExpenseExpense	RevenueRevenue	DescriptionDescription
4360058	3821861	PROVIDE 516 BED STUDENT HOUSING FACILITY IN ELON, NC FOR ELON UNIVERSITY
3816456	3999201	PROVIDE 576 BED STUDENT HOUSING FACILITY IN SALISBURY, MD FOR SALISBURY UNIVERSITY
3428555	3826239	PROVIDE 753 BED STUDENT HOUSING FACILITY IN BIRMINGHAM, AL FOR UNIV. OF ALABAMA AT BIRMINGHAM
3268604	3588907	PROVIDE 420 BED STUDENT HOUSING FACILITY IN TOWSON, MD FOR TOWSON UNIVERSITY
3293990	2513476	PROVIDE 312 BED STUDENT HOUSING FACILITY IN BURLINGTON, VT FOR THE UNIVERSITY OF VERMONT
3465527	3738962	PROVIDE 523 BED STUDENT HOUSING FACILITY IN BIRMINGHAM, AL FOR THE UNIVERSITY OF ALABAMA AT BIRMINGHAM
3718895	2358827	PROVIDE 338 BED STUDENT HOUSING FACILITY IN DELAND, FL FOR STETSON UNIVERSITY
697790	343421	PROVIDE 384 BED STUDENT HOUSING FACILITY IN EDMOND, OK FOR CENTRAL OKLAHOMA UNIVERSITY
2449014	2821701	PROVIDE 416 BED STUDENT HOUSING FACILITY IN HENRIETTA, NY FOR THE ROCHESTER INSTITUTE OF TECHNOLOGY
732172	97595	PROVIDE 352 BED STUDENT HOUSING FACILITY IN HENRIETTA, NY FOR THE ROCHESTER INSTITUE OF TECHNOLOGY
2424659	1660970	PROVIDE 1,248 BED STUDENT HOUSING FACILITY IN DEKALB, IL FOR NORTHERN ILLINOIS UNIVERSITY
1618507	1061442	PROVIDE 267 BED STUDENT HOUSING FACILITY IN PORTALES, NM FOR EASTERN NEW MEXICO UNIVERSITY
1459159	1505680	PROVIDE 264 BED STUDENT HOUSING FACILITY IN MAGNOLIA, AR FOR SOUTHERN ARKANSAS UNIVERSITY
1065573	790712	PROVIDE 258 BED STUDENT HOUSING FACILITY IN ROSWELL, NM FOR EASTERN NEW MEXICO UNIVERSITY
1331299	1048856	PROVIDE 159 BED STUDENT HOUSING FACILITY IN KUTZTOWN, PA FOR KUTZTOWN UNIVERSITY
1184050	795925	PROVIDE 182 BED STUDENT HOUSING FACILITY IN TAMPA, FL FOR THE UNIVERSITY OF TAMPA
1162633	1238403	PROVIDE 177 BED STUDENT HOUSING FACILITY IN ALBANY, NY FOR THE ALBANY COLLEGE OF PHARMACY
976756	1121689	PROVIDE 180 BEDROOM STUDENT HOUSING FACILITY IN ST. DAVID'S, PA FOR EASTERN COLLEGE
722822	871013	PROVIDE 122 BED STUDENT HOUSING FACILITY IN ALBANY, NEW YORK FOR THE ALBANY COLLEGE OF PHARMACY
10363	0	PROVIDE 702 BED STUDENT HOUSING FACILITY IN ASHLAND, OR FOR SOUTHERN OREGON UNIVERSITY
17526	1400	PROVIDE 332 BED STUDENT HOUSING FACILITY IN LARAMIE, WY FOR UNIVERSITY OF WYOMING
8719	24971	PROVIDE 160 BED STUDENT HOUSING FACILITY IN HYDE PARK, NY FOR CULINARY INSTITUTE OF AMERICA
41839	0	PROVIDE 896 BED STUDENT HOUSING FACILITY IN NORMAL, IL FOR ILLINOIS STATE UNIVERSITY

Field	Value	IRS element (for citing)
Total Of Other Program Service Exp	41254966	TotalOfOtherProgramServiceExp
Total Of Other Program Service Rev	37231251	TotalOfOtherProgramServiceRev
Total Program Service Expense	108282170	TotalProgramServiceExpense
Described In501 C3	1	DescribedIn501C3
Schedule B Required	1	ScheduleBRequired
Political Activities	0	PoliticalActivities
Lobbying Activities	0	LobbyingActivities
Subject To Proxy Tax	0	SubjectToProxyTax
Donor Advised Funds	0	DonorAdvisedFunds
Conservation Easements	0	ConservationEasements
Collections Of Art	0	CollectionsOfArt
Credit Counseling	0	CreditCounseling
Term Or Permanent Endowments	0	TermOrPermanentEndowments
Report Land Bldg Equip	1	ReportLandBldgEquip
Report Invest Oth Securities	0	ReportInvestOthSecurities
Report Prog Rel Invest	0	ReportProgRelInvest
Report Other Assets	1	ReportOtherAssets
Report Other Liabilities	1	ReportOtherLiabilities
Report Fin48 Footnote	1	ReportFin48Footnote
Independent Audit Financial Stmt	1	IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt	0	ConsolidatedAuditFinancialStmt
School	0	School
Foreign Office	0	ForeignOffice
Foreign Activities	0	ForeignActivities
More Than5000 K To Organizations	0	MoreThan5000KToOrganizations
More Than5000 K To Individuals	0	MoreThan5000KToIndividuals
Professional Fundraising	0	ProfessionalFundraising
Fundraising Activities	0	FundraisingActivities
Gaming	0	Gaming
Hospital	0	Hospital
Grants To Organizations	0	GrantsToOrganizations
Grants To Individuals	0	GrantsToIndividuals
Schedule J Required	1	ScheduleJRequired
Tax Exempt Bonds	1	TaxExemptBonds
Invest Tax Exempt Bonds	1	InvestTaxExemptBonds
Escrow Account	0	EscrowAccount
On Behalf Of Issuer	0	OnBehalfOfIssuer
Excess Benefit Transaction	0	ExcessBenefitTransaction
Prior Excess Benefit Transaction	0	PriorExcessBenefitTransaction
Loan To Officer Or DQP	0	LoanToOfficerOrDQP
Grant To Related Person	0	GrantToRelatedPerson
Bsnss Rltnshp With Organization	0	BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member	0	BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp	0	OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions	0	DeductibleNonCashContributions
Deductible Contributions Of Art	0	DeductibleContributionsOfArt
Terminated	0	Terminated
Partial Liquidation	0	PartialLiquidation
Disregarded Entity	1	DisregardedEntity
Related Entity	0	RelatedEntity
Related Org Controlled Entity	0	RelatedOrgControlledEntity
Transaction Related Entity	0	TransactionRelatedEntity
Transfers To Exempt Non Chrtbl Org	0	TransfersToExemptNonChrtblOrg
Activities Conducted Partnership	0	ActivitiesConductedPartnership
Schedule O Required	1	ScheduleORequired
Number Forms Transmitted With1096	86	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Compliance With Backup Witholding	1	ComplianceWithBackupWitholding
Number Of Employees	3	NumberOfEmployees
Employment Tax Returns Filed	1	EmploymentTaxReturnsFiled
Unrelated Business Income	1	UnrelatedBusinessIncome
Form990-T Filed	1	Form990-TFiled
Foreign Financial Account	0	ForeignFinancialAccount
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTrans
Taxable Party Notification	0	TaxablePartyNotification
Non Deductible Contributions	0	NonDeductibleContributions
Quid Pro Quo Contributions	0	QuidProQuoContributions
Form8282 Property Disposed Of	0	Form8282PropertyDisposedOf
Funds To Pay Premiums	0	FundsToPayPremiums
Premiums Paid	0	PremiumsPaid
Indoor Tanning Services	0	IndoorTanningServices
Info In Schedule O Part VI	X	InfoInScheduleOPartVI
Nbr Voting Governing Body Members	6	NbrVotingGoverningBodyMembers
Number Independent Voting Members	5	NumberIndependentVotingMembers
Family Or Business Relationship	0	FamilyOrBusinessRelationship
Delegation Of Management Duties	1	DelegationOfManagementDuties
Changes To Organizing Docs	0	ChangesToOrganizingDocs
Material Diversion Or Misuse	0	MaterialDiversionOrMisuse
Members Or Stockholders	1	MembersOrStockholders
Election Of Board Members	1	ElectionOfBoardMembers
Decisions Subject To Approval	0	DecisionsSubjectToApproval
Minutes Of Governing Body	1	MinutesOfGoverningBody
Minutes Of Committees	0	MinutesOfCommittees
Officer Mailing Address	0	OfficerMailingAddress
Local Chapters	1	LocalChapters
Policies Reference Chapters	1	PoliciesReferenceChapters
Form990 Provided To Governing Body	1	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	1	ConflictOfInterestPolicy
Annual Disclosure Covered Persons	1	AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement	1	RegularMonitoringEnforcement
Whistleblower Policy	0	WhistleblowerPolicy
Document Retention Policy	1	DocumentRetentionPolicy
Compensation Process CEO	1	CompensationProcessCEO
Compensation Process Other	1	CompensationProcessOther
Investment In Joint Venture	0	InvestmentInJointVenture
States Where Copy Of Return Is Filed	AL	StatesWhereCopyOfReturnIsFiled
States Where Copy Of Return Is Filed	AR	StatesWhereCopyOfReturnIsFiled
States Where Copy Of Return Is Filed	CA	StatesWhereCopyOfReturnIsFiled
States Where Copy Of Return Is Filed	IL	StatesWhereCopyOfReturnIsFiled
States Where Copy Of Return Is Filed	PA	StatesWhereCopyOfReturnIsFiled
States Where Copy Of Return Is Filed	NC	StatesWhereCopyOfReturnIsFiled
States Where Copy Of Return Is Filed	FL	StatesWhereCopyOfReturnIsFiled
States Where Copy Of Return Is Filed	OR	StatesWhereCopyOfReturnIsFiled
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Name Business NameBusiness

Field	Value	IRS element (for citing)
Business Name Line1	LEEMAN H COVEY	BusinessNameLine1

Field	Value	IRS element (for citing)
Telephone Number	2519289340	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	409 JOHNSON AVE	AddressLine1
City	FAIRHOPE	City
State	AL	State
ZIP Code	36532	ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (8 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Individual Trustee Or DirectorIndividualTrusteeOrDirector	OfficerOfficer	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation
LEEMAN H COVEY
PRESIDENT/EXECUTIVE DIRECTOR	30.00	X	X	83000	0	12600
JOHN BROOKS SLAUGHTER
TREASURER	1.50	X	X	5500	0	0
HON JACK EDWARDS
SECRETARY	1.50	X	X	5500	0	0
LINDA FLAHERTY-GOLDSMITH
DIRECTOR	1.50	X		5500	0	0
JOHN B HICKS
VICE PRESIDENT	1.50	X	X	5500	0	0
THOMAS M DALY
DIRECTOR	1.50	X		5500	0	0
JANET BROWN
ASSISTANT SECRETARY	30.00		X	57750	0	11415
WILLIAM B GIVHAN
GENERAL COUNSEL/CHIEF OPER	40.00		X	300000	0	8000

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	468250	TotalReportableCompFromOrg
Total Reportable Comp Frm Rltd Orgs	0	TotalReportableCompFrmRltdOrgs
Total Other Compensation	32015	TotalOtherCompensation
Number Individuals GT100 K	1	NumberIndividualsGT100K
Formers Listed	0	FormersListed
Total Comp GT150 K	1	TotalCompGT150K
Compensation From Other Sources	0	CompensationFromOtherSources

Contractor Compensation ContractorCompensation (5 entries)

Address Line1AddressOfContractor/AddressUS/AddressLine1	CityAddressOfContractor/AddressUS/City	StateAddressOfContractor/AddressUS/State	ZIP CodeAddressOfContractor/AddressUS/ZIPCode	Description Of ServicesDescriptionOfServices	CompensationCompensation
PEPPER CONSTRUCTION
643 NORTH ORLEANS STREET	CHICAGO	IL	606543608	CONSTRUCTION	19566931
WEIS BUILDERS
8420 WEST BRYN MAWR AVE STE 1010	CHICAGO	IL	60631	CONSTRUCTION	18362678
PETRA INC
1097 ROSARIO STREET	MERIDIAN	ID	83642	CONSTRUCTION	3939656
KIRCHOFF PROPERTIES
199 WEST RD STE 101	PLEASANT VALLEY	NY	12569	CONSTRUCTION	3272021
ACC SERVICES
12700 HILL COUNTRY BLVD STE T-200	AUSTIN	TX	78738	MANAGEMENT	1983418

Field	Value	IRS element (for citing)
Number Of Contractors GT100 K	24	NumberOfContractorsGT100K
All Other Contributions	3200000	AllOtherContributions
Total Contributions	3200000	TotalContributions

Program Service Revenue ProgramServiceRevenue (4 entries)

DescriptionDescription	Business CodeBusinessCode	Total Revenue ColumnTotalRevenueColumn	Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome	ExclusionExclusionAmount
RENTAL INCOME	531110	84266366	84266366
CONVENIENCE INCOME	531110	1777572		$1,777,572
FEES/FORFEITED DEPOSIT	531110	907049	907049
MISCELLANEOUS INCOME	531110	315573	315573

Field	Value	IRS element (for citing)
Total Program Service Revenue	87266560	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	120718	TotalRevenueColumn
Exclusion	$120,718	ExclusionAmount

Income From Invest Bond Proceeds IncomeFromInvestBondProceeds

Field	Value	IRS element (for citing)
Total Revenue Column	2529638	TotalRevenueColumn
Exclusion	$2,529,638	ExclusionAmount

Gross Rents GrossRents

Field	Value	IRS element (for citing)
Real	236157	Real

Less Rental Expenses LessRentalExpenses

Field	Value	IRS element (for citing)
Real	159650	Real

Rental Income Or Loss RentalIncomeOrLoss

Field	Value	IRS element (for citing)
Real	76507	Real

Net Rental Income Or Loss NetRentalIncomeOrLoss

Field	Value	IRS element (for citing)
Total Revenue Column	76507	TotalRevenueColumn
Unrelated Business Revenue	76507	UnrelatedBusinessRevenue

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	93193423	TotalRevenueColumn
Related Or Exempt Function Income	85488988	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	76507	UnrelatedBusinessRevenue
Exclusion	$4,427,928	ExclusionAmount

Comp Current Officers Directors CompCurrentOfficersDirectors

Field	Value	IRS element (for citing)
Total	570500	Total
Management And General	570500	ManagementAndGeneral

Pension Plan Contributions PensionPlanContributions

Field	Value	IRS element (for citing)
Total	4815	Total
Management And General	4815	ManagementAndGeneral

Other Employee Benefits OtherEmployeeBenefits

Field	Value	IRS element (for citing)
Total	28800	Total
Management And General	28800	ManagementAndGeneral

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	24324	Total
Management And General	24324	ManagementAndGeneral

Fees For Services Management FeesForServicesManagement

Field	Value	IRS element (for citing)
Total	9085778	Total
Program Services	9085778	ProgramServices

Fees For Services Legal FeesForServicesLegal

Field	Value	IRS element (for citing)
Total	320688	Total
Program Services	290710	ProgramServices
Management And General	29978	ManagementAndGeneral

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	562297	Total
Program Services	476472	ProgramServices
Management And General	85825	ManagementAndGeneral

Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees

Field	Value	IRS element (for citing)
Total	368852	Total
Program Services	368852	ProgramServices

Fees For Services Other FeesForServicesOther

Field	Value	IRS element (for citing)
Total	413361	Total
Program Services	413361	ProgramServices

Advertising Advertising

Field	Value	IRS element (for citing)
Total	277915	Total
Program Services	277313	ProgramServices
Management And General	602	ManagementAndGeneral

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	1207220	Total
Program Services	1191672	ProgramServices
Management And General	15548	ManagementAndGeneral

Information Technology InformationTechnology

Field	Value	IRS element (for citing)
Total	82797	Total
Program Services	79809	ProgramServices
Management And General	2988	ManagementAndGeneral

Occupancy Occupancy

Field	Value	IRS element (for citing)
Total	25337336	Total
Program Services	25323623	ProgramServices
Management And General	13713	ManagementAndGeneral

Travel Travel

Field	Value	IRS element (for citing)
Total	104920	Total
Program Services	71241	ProgramServices
Management And General	33679	ManagementAndGeneral

Conferences Meetings ConferencesMeetings

Field	Value	IRS element (for citing)
Total	23184	Total
Management And General	23184	ManagementAndGeneral

Interest Interest

Field	Value	IRS element (for citing)
Total	42559941	Total
Program Services	42559941	ProgramServices

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	23535103	Total
Program Services	23530124	ProgramServices
Management And General	4979	ManagementAndGeneral

Insurance Insurance

Field	Value	IRS element (for citing)
Total	1448223	Total
Program Services	1381261	ProgramServices
Management And General	66962	ManagementAndGeneral

Other Expenses OtherExpenses (4 entries)

DescriptionDescription	TotalTotal	Program ServicesProgramServices	Management And GeneralManagementAndGeneral
MISCELLANEOUS	1986019	1959031	26988
LOSS ON EXTINGUISHMENT	1005915	1005915
BAD DEBT	252691	252691
PREOPENING COSTS	14376	14376

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	109215055	Total
Program Services	108282170	ProgramServices
Management And General	932885	ManagementAndGeneral
Fundraising	0	Fundraising

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	9754020	BOY
EOY	10808643	EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Field	Value	IRS element (for citing)
BOY	200181220	BOY
EOY	158033231	EOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
BOY	1662192	BOY
EOY	1353288	EOY

Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges

Field	Value	IRS element (for citing)
BOY	20593078	BOY
EOY	25514154	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	679117349	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	107700641	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	539584404	BOY
EOY	571416708	EOY

Investments Pub Traded Securities InvestmentsPubTradedSecurities

Field	Value	IRS element (for citing)
BOY	130191988	BOY
EOY	123717324	EOY

Investments Other Securities InvestmentsOtherSecurities

Field	Value	IRS element (for citing)
BOY	28081697	BOY
EOY	25606484	EOY

Other Assets Total OtherAssetsTotal

Field	Value	IRS element (for citing)
BOY	23632204	BOY
EOY	155174777	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	953680803	BOY
EOY	1071624609	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	36724037	BOY
EOY	50985822	EOY

Deferred Revenue DeferredRevenue

Field	Value	IRS element (for citing)
BOY	4225918	BOY
EOY	5834591	EOY

Tax Exempt Bond Liabilities TaxExemptBondLiabilities

Field	Value	IRS element (for citing)
BOY	938569539	BOY
EOY	1050467116	EOY

Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp

Field	Value	IRS element (for citing)
BOY	28194220	BOY
EOY	27020157	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
BOY	15056599	BOY
EOY	22687672	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	1022770313	BOY
EOY	1156995358	EOY

Field	Value	IRS element (for citing)
Follow SFAS117	X	FollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	-69089510	BOY
EOY	-85370749	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	-69089510	BOY
EOY	-85370749	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	953680803	BOY
EOY	1071624609	EOY

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	X	InfoInScheduleOPartXI
Reconcilation Revenue Expenses	-16021632	ReconcilationRevenueExpenses
Reconcilation Other Changes	-259607	ReconcilationOtherChanges
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	0	AccountantCompileOrReview
FS Audited	1	FSAudited
Audit Committee	0	AuditCommittee
Financial Statement Both	X	FinancialStatementBoth
Federal Grant Audit Required	0	FederalGrantAuditRequired

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
Publicly Supported Org509a2	X	PubliclySupportedOrg509a2

Gifts Grants Contrib Received509 GiftsGrantsContribReceived509

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	254550	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	490724	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	661301	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	374441	CurrentTaxYearMinus1Year
Current Tax Year	3200000	CurrentTaxYear
Total	4981016	Total

Gross Receipts From Admissions GrossReceiptsFromAdmissions

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	58975459	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	63756701	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	69716397	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	78615765	CurrentTaxYearMinus1Year
Current Tax Year	87265874	CurrentTaxYear
Total	358330196	Total

Total509 Total509

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	59230009	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	64247425	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	70377698	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	78990206	CurrentTaxYearMinus1Year
Current Tax Year	90465874	CurrentTaxYear
Total	363311212	Total

Amts Recd From Disqual Persons AmtsRecdFromDisqualPersons

Field	Value	IRS element (for citing)
Total	0	Total

Amts From Subst Contributors AmtsFromSubstContributors

Field	Value	IRS element (for citing)
Total	0	Total

Support From DQ Ps Etc SupportFromDQPsEtc

Field	Value	IRS element (for citing)
Total	0	Total

Field	Value	IRS element (for citing)
Public Support Total509	363311212	PublicSupportTotal509

Gross Investment Income509 GrossInvestmentIncome509

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	3492576	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	2002704	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	1934213	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	2725021	CurrentTaxYearMinus1Year
Current Tax Year	2650356	CurrentTaxYear
Total	12804870	Total

Investment Income And UBTI InvestmentIncomeAndUBTI

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	3492576	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	2002704	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	1934213	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	2725021	CurrentTaxYearMinus1Year
Current Tax Year	2650356	CurrentTaxYear
Total	12804870	Total

Total Support Total TotalSupportTotal

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	62722585	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	66250129	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	72311911	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	81715227	CurrentTaxYearMinus1Year
Current Tax Year	93116230	CurrentTaxYear
Total	376116082	Total

Field	Value	IRS element (for citing)
Public Support Percentage509	0.96600	PublicSupportPercentage509
Prior Year Support Percentage	0.96070	PriorYearSupportPercentage
Investment Income Percentage	0.03400	InvestmentIncomePercentage
Prior Yr Invest Income Percentage	0.03930	PriorYrInvestIncomePercentage
Thirty Three Percnt Tests CY509	X	ThirtyThreePercntTestsCY509

Schedule B IRS990ScheduleB

Contributor Info ContributorInfo

Field	Value	IRS element (for citing)
Contributor Number	RESTRICTED	ContributorNumber

Contributor Name Business ContributorNameBusiness

Field	Value	IRS element (for citing)
Business Name Line1	RESTRICTED	BusinessNameLine1

Contributor Address US ContributorAddressUS

Field	Value	IRS element (for citing)
Address Line1	RESTRICTED	AddressLine1
Address Line2	RESTRICTED	AddressLine2
City	RESTRICTED	City
State	RESTRICTED	State
ZIP Code	RESTRICTED	ZIPCode

Field	Value	IRS element (for citing)
Aggregate Contributions	RESTRICTED	AggregateContributions

Schedule D IRS990ScheduleD

Land Land

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	7020913	OtherCostOrOtherBasis
Book Value	7020913	BookValue

Buildings Buildings

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	644183106	OtherCostOrOtherBasis
Depreciation	90171833	Depreciation
Book Value	554011273	BookValue

Equipment Equipment

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	27913330	OtherCostOrOtherBasis
Depreciation	17528808	Depreciation
Book Value	10384522	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	571416708	TotalOfBookValueLandBuildings

Other Assets OtherAssets (3 entries)

DescriptionDescription	Book ValueBookValue
CONSTRUCTION IN PROGRESS	153286883
DUE FROM RELATED ENTITIES AND MANAGEMENT COMPANIES	1708784
INTEREST/DIVIDEND INCOME RECEIVABLE	179110

Field	Value	IRS element (for citing)
Total Book Value Other Assets	155174777	TotalBookValueOtherAssets

Other Liabilities OtherLiabilities (2 entries)

DescriptionDescription	AmountAmount
SECURITY DEPOSITS	$2,351,939
FAIR VALUE OF INTEREST EXCHANGE	$20,335,733

Field	Value	IRS element (for citing)
Total Of Amounts	22687672	TotalOfAmounts
Total Revenue	93193423	TotalRevenue
Total Expenses	109215055	TotalExpenses
Excess Or Deficit For Year	-16021632	ExcessOrDeficitForYear
Net Unrealized GL On Investments	2340239	NetUnrealizedGLOnInvestments
Prior Period Adjustments	0	PriorPeriodAdjustments
Other	-$2,412,680	OtherAmount
Total Adjustments	-72441	TotalAdjustments
Excess Or Deficit Per FS	-16094073	ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt	100120783	TotRevenueEtcAuditedFinclStmt
Net Unrealized Gains Investments	2340239	NetUnrealizedGainsInvestments
Other Revenues	4587121	OtherRevenues
Revenue Not Rptd F990	6927360	RevenueNotRptdF990
Revenue Subtotal	93193423	RevenueSubtotal
Revenue Not Rptd On Fin Stmt	0	RevenueNotRptdOnFinStmt
Total Revenue Per Form990	93193423	TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt	116214856	TotExpensesEtcAuditedFinclStmt
Other Expenses Included	6999801	OtherExpensesIncluded
Expenses Not Rptd F990	6999801	ExpensesNotRptdF990
Expenses Subtotal	109215055	ExpensesSubtotal
Expenses Not Rptd On Fin Stmt	0	ExpensesNotRptdOnFinStmt
Total Expenses Per Form990	109215055	TotalExpensesPerForm990

Form990 Schedule D Part XIV Form990ScheduleDPartXIV (4 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48:	PART X:	THE FOUNDATION HAS A POLICY FOR ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THE FOUNDATION WILL RECORD A LIABILITY FOR UNCERTAIN TAX POSITIONS WHEN IT IS MORE LIKELY THAN NOT THAT A TAX POSITION WOULD NOT BE SUSTAINED IF EXAMINED BY THE TAXING AUTHORITY. FOR TAX-EXEMPT ENTITIES, TAX POSITIONS INCLUDE THE ENTITY'S TAX-EXEMPT STATUS AND ASSUMPTIONS USED TO DETERMINE UNRELATED BUSINESS TAXABLE INCOME. THE FOUNDATION HAD NO UNRECOGNIZED TAX BENEFITS AT JUNE 30, 2012 OR JUNE 30, 2011. THE TAX YEARS 2008 - 2011 REMAIN OPEN TO EXAMINATION.
PART XI, LINE 8 - OTHER ADJUSTMENTS:		GAIN ON SALE OF PROJECT ASSETS: 4,427,471. NET UNREALIZED LOSS ON INTEREST EXCHANGE: -6,840,151. TOTAL TO SCHEDULE D, PART XI, LINE 8: -2,412,680.
PART XII, LINE 2D - OTHER ADJUSTMENTS:		GAIN ON SALE OF PROJECT ASSETS 4,427,471. EXPENSES PER FINANCIAL STATEMENTS REPORTED ON PART VIII LINE 6B 159,650.
PART XIII, LINE 2D - OTHER ADJUSTMENTS:		EXPENSES PER FINANCIAL STATEMENTS REPORTED ON PART VIII LINE 6B 159,650. CHANGE IN FAIR VALUE OF INTEREST EXCHANGE 6,840,151.

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
First Class Or Charter Travel	X	FirstClassOrCharterTravel
Written Policy Re T And E Expenses	1	WrittenPolicyReTAndEExpenses
Substantiation Required	1	SubstantiationRequired
Form990 Of Other Organizations	X	Form990OfOtherOrganizations
Written Employment Contract	X	WrittenEmploymentContract
Compensation Survey	X	CompensationSurvey
Board Or Committee Approval	X	BoardOrCommitteeApproval
Severance Payment	0	SeverancePayment
Supplemental Nonqual Retire Plan	0	SupplementalNonqualRetirePlan
Equity Based Comp Arrangement	0	EquityBasedCompArrangement
Comp Based On Revenue Of Filing Org	0	CompBasedOnRevenueOfFilingOrg
Comp Based On Revenue Related Orgs	0	CompBasedOnRevenueRelatedOrgs
Comp Based Net Earnings Filing Org	0	CompBasedNetEarningsFilingOrg
Comp Based Net Earnings Relate Orgs	0	CompBasedNetEarningsRelateOrgs
Any Non Fixed Payments	0	AnyNonFixedPayments
Initial Contract Exception	1	InitialContractException
Rebuttable Presumption Procedure	1	RebuttablePresumptionProcedure

Form990 Schedule J Part II Form990ScheduleJPartII

Field	Value	IRS element (for citing)
Name Person	WILLIAM B GIVHAN	NamePerson
Base Compensation Filing Org	300000	BaseCompensationFilingOrg
Comp Based On Related Orgs	0	CompBasedOnRelatedOrgs
Bonus Filing Org	0	BonusFilingOrg
Bonus Related Orgs	0	BonusRelatedOrgs
Other Compensation Filing Org	0	OtherCompensationFilingOrg
Other Compensation Related Orgs	0	OtherCompensationRelatedOrgs
Deferred Comp Filing Org	0	DeferredCompFilingOrg
Deferred Comp Related Orgs	0	DeferredCompRelatedOrgs
Nontaxable Benefits Filing Org	8000	NontaxableBenefitsFilingOrg
Nontaxable Benefits Related Orgs	0	NontaxableBenefitsRelatedOrgs
Total Compensation Filing Org	308000	TotalCompensationFilingOrg
Total Compensation Related Orgs	0	TotalCompensationRelatedOrgs
Comp Report Prior990 Filing Org	0	CompReportPrior990FilingOrg
Comp Report Prior990 Related Orgs	0	CompReportPrior990RelatedOrgs

Form990 Schedule J Part III Form990ScheduleJPartIII (3 entries)

Return ReferenceReturnReference	ExplanationExplanation
PART I, LINE 1A	IN FOUR INSTANCES, FIRST-CLASS TRAVEL WAS PROVIDED FOR ONE OFFICER OF THE FOUNDATION. THE FIRST-CLASS TRAVEL WAS NOT CONSIDERED TAXABLE COMPENSATION. TRAVEL WAS CONSISTENT WITH THE FOUNDATION'S TRAVEL POLICY WHICH STATES, "OFFICERS AND DIRECTORS REQUESTING OFFICIAL TRAVEL SHOULD ATTEMPT TO TRAVEL BY THE MEANS MOST ECONOMICAL TO CHF. IN SELECTING A PARTICULAR METHOD OF TRANSPORTATION, CONSIDERATION SHALL BE GIVEN FOR THE TOTAL COST TO CHF WHICH WILL RESULT, INCLUDING LOST WORK, AND ACTUAL TRANSPORTATION COSTS, WITH THE UNDERSTANDING THAT OFTENTIMES, CONVENIENCE AND URGENCY MAY NECESSITATE MORE EXPENSIVE TRANSPORTATION.
PART I, LINE 3	THE BOARD OF DIRECTORS REVIEWED COMPENSATION SURVEYS AND OTHER DATA FOR INDIVIDUALS IN FUNCTIONALLY COMPARABLE POSITIONS IN SIMILAR ORGANIZATIONS AND BASED ALL OF THE OFFICERS' SALARIES ON SUCH INFORMATION. WRITTEN EMPLOYMENT CONTRACTS WERE EXECUTED BY THE PRESIDENT AND CHIEF OPERATING OFFICER OF THE FOUNDATION.
PART I, LINE 8	IN 2011, THE ORGANIZATION HIRED WILLIAM B. GIVHAN AS ITS GENERAL COUNSEL AND CHIEF OPERATING OFFICER AND ENTERED INTO A WRITTEN EMPLOYMENT CONTRACT WHICH PROVIDES FOR A FIXED AMOUNT OF ANNUAL COMPENSATION EACH YEAR. THE CONTRACT HAS NOT BEEN MODIFIED OR AMENDED. MR. GIVHAN WAS NOT A DISQUALIFIED PERSON WITHIN THE MEANING OF SECTION 4958(F)(1) OF THE CODE AND REG. 53.4958-3 IMMEDIATELY PRIOR TO ENTERING INTO THE EMPLOYMENT CONTRACT.

Schedule K IRS990ScheduleK

Form990 Schedule K Part I Form990ScheduleKPartI (4 entries)

Issuer EINIssuerEIN	CUSIP NumberCUSIPNumber	Date IssuedDateIssued	Issue PriceIssuePrice	Description Of PurposeDescriptionOfPurpose	DefeasedDefeased	On Behalf Of IssuerOnBehalfOfIssuer	Pool FinancingPoolFinancing
NEW CASTLE COUNTY DELAWARE
516000160	643284AA0	2005-09-29	44965000	TO PROVIDE FUNDS TO REFUND BONDS ISSUED ON NOVEMBER 17, 1999	0	0	0
DELAWARE COUNTY AUTHORITY
231973437	24600NAC7	2008-12-30	5950000	TO PROVIDE FUNDS TO REFUND BONDS ISSUED ON JUNE 29, 2000	0	0	0
HOUSING FACILITIES BOARD OF THE CITY OF MAGNOLIA ARKANSAS
731687429	559557AP8	2003-12-30	11871268	TO CONSTRUCT A STUDENT HOUSING FACILITY AT SOUTHERN ARKANSAS UNIVERSITY	0	0	0
VERMONT HOUSING FINANCE AGENCY
030239902	924197AA4	2004-07-29	23075000	TO CONSTRUCT A STUDENT HOUSING FACILITY AT THE UNIVERSITY OF VERMONT	0	0	0

Form990 Schedule K Part II Form990ScheduleKPartII (4 entries)

Amount RetiredAmountRetired	Total ProceedsTotalProceeds	Amount In Reserve FundAmountInReserveFund	Refunding EscrowRefundingEscrow	Issuance Costs From ProceedsIssuanceCostsFromProceeds	Credit EnhancementCreditEnhancement	Working Capital ExpendituresWorkingCapitalExpenditures	Year Of Subst CompletionYearOfSubstCompletion	Advance RefundingAdvanceRefunding	Final Allocation MadeFinalAllocationMade	Adequate Books And Recds MaintaindAdequateBooksAndRecdsMaintaind	Capitalized InterestCapitalizedInterest	Capital ExpendituresCapitalExpenditures	Other Spent ProceedsOtherSpentProceeds
6305000	44965000	2800583	41565741	359832	141427	97417	2001	1	1	1
415000	5950000	422030	5831000	67175	51825		2001	1	1	1
1340000	11961235	834000		237067	781139	355311	2004	0	1	1	286793	9466945	14979
	23550928	871463		461500	132046	1197078	2005	0	1	1	1595815	19332990

Form990 Schedule K Part III Form990ScheduleKPartIII (4 entries)

Owning Bond Financed PropertyOwningBondFinancedProperty	Any Lease ArrangementsAnyLeaseArrangements	Mngment Cntrct Bond Financd PrprtyMngmentCntrctBondFinancdPrprty	Any Research AgreementsAnyResearchAgreements	Prcntge Prvt Business Use By OthersPrcntgePrvtBusinessUseByOthers	Percentage Of Prvt Business Re UBIPercentageOfPrvtBusinessReUBI	Total Private Business UseTotalPrivateBusinessUse	Post Issuance Compliance ProcdrsPostIssuanceComplianceProcdrs
0	0	0	0	0.00000	0.00000	0.00000	1
0	0	0	0	0.00000	0.00000	0.00000	1
0	0	0	0	0.00000	0.00000	0.00000	1
0	0	0	0	0.00000	0.00000	0.00000	1

Form990 Schedule K Part IV Form990ScheduleKPartIV (4 entries)

Form8038 T FiledForm8038TFiled	Variable Rate IssueVariableRateIssue	Hedge Identified In Books And RecdsHedgeIdentifiedInBooksAndRecds	Business Name Line2NameOfHedgeProvider/BusinessNameLine2	Term Of HedgeTermOfHedge	Superintegrated HedgeSuperintegratedHedge	Hedge TerminatedHedgeTerminated	Gross Proceeds Invested In GICGrossProceedsInvestedInGIC	Gross Proceeds InvestedGrossProceedsInvested	Exception To RebateExceptionToRebate	Term Of GICTermOfGIC	Regulatory Safe Harbor SatisfiedRegulatorySafeHarborSatisfied	Business Name Line2NameOfGICProvider/BusinessNameLine2
PNC BANK NATIONAL
0	1	1	ASSOCIATION	20.400000000000	0	0	0	1	0
TD BANK NA
0	1	1		20.500000000000	0	0	1	1	0	10.000000000000	1
WACHOVIA BANK
0	0	0					1	1	0	9.800000000000	1	NATIONAL ASSOC
AMERICAN
0	1	0					1	1	0	2.200000000000	1	INTERNATIONAL GROUP

Form990 Schedule K Part VI Form990ScheduleKPartVI (8 entries)

IdentifierIdentifier	Return ReferenceReturnReference	ExplanationExplanation
SCHEDULE K, PART I, ENTITY 5, LINE B, COLUMN F	DESCRIPTION OF PURPOSE:	TO CONSTRUCT A STUDENT HOUSING FACILITY AT NORTHERN ILLINOIS UNIVERSITY AND PROVIDE FUNDS TO REFUND BONDS ISSUED ON OCTOBER 23, 2006
SCHEDULE K		SIX SCHEDULE K SCHEDULES COMPLETED TO ACCOUNT FOR ALL OUTSTANDING POST-DECEMBER 31, 2002 BONDS.
SCHEDULE K PART II LINE 3	DIFFERENCES BETWEEN SCHEDULE K PART I COLUMN E AND PART II LINE 3	HOUSING FACILITIES BOARD OF THE CITY OF MAGNOLIA ARKANSAS 12/30/03 ISSUE - INVESTMENT EARNINGS DURING PROJECT PERIOD VERMONT HOUSING FINANCE AGENCY 7/29/04 ISSUE - INVESTMENT EARNINGS DURING THE PROJECT PERIOD CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY 12/14/04 ISSUE - INVESTMENT EARNINGS DURING THE PROJECT PERIOD CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY 7/30/08 ISSUE - INVESTMENT EARNINGS DURING THE PROJECT PERIOD VOLUSIA COUNTY INDUSTRIAL DEVELOMENT AUTHORITY 11/18/05 ISSUE - INVESTMENT EARNINGS DURING THE PROJECT PERIOD CITY OF PORTALES, NEW MEXICO 10/03/06 ISSUE - INVESTMENT EARNINGS DURING THE PROJECT PERIOD CITY OF ROSWELL, NEW MEXICO 9/20/06 ISSUE - INVESTMENT EARNINGS DURING THE PROJECT PERIOD CITY OF ALBANY INDUSTRIAL DEVELOPMENT AUTHORITY 5/3/07 ISSUE - INVESTMENT EARNINGS DURING THE PROJECT PERIOD IOWA FINANCE AUTHORITY 5/9/07 ISSUE - INVESTMENT EARNINGS DURING THE PROJECT PERIOD CITY OF ALBANY INDUSTRIAL DEVELOPMENT AUTHORITY 1/25/08 ISSUE - INVESTMENT EARNINGS DURING THE PROJECT PERIOD ILLINOIS FINANCE AUTHORITY 2/23/11 ISSUE - INVESTMENT EARNINGS DURING THE PROJECT PERIOD ILLINOIS FINANCE AUTHRORITY 3/10/11 ISSUE - INVESTMENT EARNINGS DURING THE PROJECT PERIOD DUTCHESS COUNTY LOCAL DEVELOPMENT CORPORATION 6/29/11 ISSUE - THE BOND ISSUE IS A DRAW-DOWN ISSUE, AND AS OF JUNE 30, 2012, $11,014,508 OF SALES PROCEEDS WERE DRAWN. TOTAL PROCEEDS OF ISSUE ALSO INCLUDE INVESTMENT EARNINGS DURING THE PROJECT PERIOD. WYOMING COMMUNITY DEVELOPMENT AUTHORITY 7/14/11 ISSUE - INVESTMENT EARNINGS DURING THE PROJECT PERIOD OREGON FACILITIES AUTHORITY 4/19/12 ISSUE - INVESTMENT EARNINGS DURING THE PROJECT PERIOD
		SCHEDULE K, PART II, ENTITY 1, LINE 9 VERMONT HOUSING FINANCE AGENCY 7/29/04 ISSUE: INCLUDES EXPENDITURES IN THE AMOUNT OF $807,451 FOR INTEREST INCURRED ON THE VERMONT HOUSING FINANCE AGENCY 7/29/04 ISSUE AFTER THE PROJECT PERIOD BUT PAID WITHIN THREE YEARS OF THE ISSUE DATE.
SCHEDULE K, PART II, ENTITY 2, LINE 12		CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY 7/30/08 ISSUE: ONLY UNSPENT PROCEEDS ARE HELD IN THE CONSTRUCTION FUND AND WORKING CAPITAL FUND PENDING EXPECTED CAPITAL EXPENDITURES OR REDEMPTION. SCHEDULE K PART II, ENTITY 3, LINE 12 VOLUSIA COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY 11/18/05 ISSUE: UNSPENT PROCEEDS HAD TO BE RETAINED BY THE ORGANIZATION PENDING RESOLUTION OF CONSTRUCTION DISPUTE.
SCHEDULE K, PART II, ENTITY 2, LINE 16		CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY 07/30/08 ISSUE: FINAL ALLOCATION IS TO BE MADE PENDING THE APPLICATION OF PROCEEDS TO EXPECTED CAPITAL EXPENDITURES OR TO REDEMPTION. SCHEDULE K PART II, ENTITY 3, LINE 16 VOLUSIA COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY 11/18/05 ISSUE: FINAL ALLOCATION HAS BEEN MADE, EXCEPT FOR THOSE UNSPENT PROCEEDS RESULTING FROM CONSTRUCTION DISPUTE.
SCHEDULE K, PART IV, LINE 5		NEW CASTLE COUNTY, DELAWARE 9/29/05 ISSUE: ALL GROSS PROCEEDS INVESTED BEYOND THE APPLICABLE TEMPORARY PERIOD EXCEPTION WERE INVESTED AT A YIELD THAT IS LESS THAN THE YIELD OF THE RESPECTIVE BONDS. DELAWARE COUNTY AUTHORITY 12/30/08 ISSUE: ALL GROSS PROCEEDS INVESTED BEYOND THE APPLICABLE TEMPORARY PERIOD EXCEPTION WERE INVESTED AT A YIELD THAT IS LESS THAN THE YIELD OF THE RESPECTIVE BONDS. HOUSING FACILITIES BOARD OF THE CITY OF MAGNOLIA, ARKANSAS 12/30/03 ISSUE: ALL GROSS PROCEEDS INVESTED BEYOND THE APPLICABLE TEMPORARY PERIOD EXCEPTION WERE INVESTED AT A YIELD THAT IS LESS THAN THE YIELD OF THE RESPECTIVE BONDS. VERMONT HOUSING FINANCE AGENCY 7/29/04 ISSUE: ALL GROSS PROCEEDS INVESTED BEYOND THE APPLICABLE TEMPORARY PERIOD EXCEPTION WERE INVESTED AT A YIELD THAT IS LESS THAN THE YIELD OF THE RESPECTIVE BONDS. CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY 12/14/04 ISSUE: ALL GROSS PROCEEDS INVESTED BEYOND THE APPLICABLE TEMPORARY PERIOD EXCEPTION WERE INVESTED AT A YIELD THAT IS LESS THAN THE YIELD OF THE RESPECTIVE BONDS. CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY 4/27/06 ISSUE: ALL GROSS PROCEEDS INVESTED BEYOND THE APPLICABLE TEMPORARY PERIOD EXCEPTION WERE INVESTED AT A YIELD THAT IS LESS THAN THE YIELD OF THE RESPECTIVE BONDS. CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY 7/30/08 ISSUE: ALL GROSS PROCEEDS INVESTED BEYOND THE APPLICABLE TEMPORARY PERIOD EXCEPTION WERE INVESTED AT A YIELD THAT IS LESS THAN THE YIELD OF THE RESPECTIVE BONDS. CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY 1/11/12 ISSUE: ALL GROSS PROCEEDS INVESTED BEYOND THE APPLICABLE TEMPORARY PERIOD EXCEPTION WERE INVESTED AT A YIELD THAT IS LESS THAN THE YIELD OF THE RESPECTIVE BONDS. THE PUBLIC EDUCATIONAL BUILDING AUTHORITY OF THE CITY OF BIRMINGHAM 12/31/09 ISSUE: ALL GROSS PROCEEDS INVESTED BEYOND THE APPLICABLE TEMPORARY PERIOD EXCEPTION WERE INVESTED AT A YIELD THAT IS LESS THAN THE YIELD OF THE RESPECTIVE BONDS. VOLUSIA COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY 11/18/05 ISSUE: ALL GROSS PROCEEDS INVESTED BEYOND THE APPLICABLE TEMPORARY PERIOD EXCEPTION WERE INVESTED AT A YIELD THAT IS LESS THAN THE YIELD OF THE RESPECTIVE BONDS. CITY OF PORTALES, NEW MEXICO 10/03/06 ISSUE: ALL GROSS PROCEEDS INVESTED BEYOND THE APPLICABLE TEMPORARY PERIOD EXCEPTION WERE INVESTED AT A YIELD THAT IS LESS THAN THE YIELD OF THE RESPECTIVE BONDS. CITY OF ROSWELL, NEW MEXICO 9/20/06 ISSUE: ALL GROSS PROCEEDS INVESTED BEYOND THE APPLICABLE TEMPORARY PERIOD EXCEPTION WERE INVESTED AT A YIELD THAT IS LESS THAN THE YIELD OF THE RESPECTIVE BONDS. IOWA FINANCE AUTHORITY 5/9/07 ISSUE: ALL GROSS PROCEEDS INVESTED BEYOND THE APPLICABLE TEMPORARY PERIOD EXCEPTION WERE INVESTED AT A YIELD THAT IS LESS THAN THE YIELD OF THE RESPECTIVE BONDS.
SCHEDULE K PART V		THE FOUNDATION HAS ADOPTED WRITTEN PROCEDURES TO ENSURE POST-ISSUANCE COMPLIANCE WITH FEDERAL TAX REQUIREMENTS NECESSARY TO ENSURE THE TAX-EXEMPT BONDS REMAIN TAX-EXEMPT AND TO ENSURE THAT VIOLATIONS ARE TIMELY IDENTIFIED. THE POLICY DOES NOT REQUIRE CORRECTION THROUGH THE VOLUNTARY CLOSING AGREEMENT PROGRAM.

Schedule K IRS990ScheduleK

Form990 Schedule K Part I Form990ScheduleKPartI (4 entries)

Issuer EINIssuerEIN	CUSIP NumberCUSIPNumber	Date IssuedDateIssued	Issue PriceIssuePrice	Description Of PurposeDescriptionOfPurpose	DefeasedDefeased	On Behalf Of IssuerOnBehalfOfIssuer	Pool FinancingPoolFinancing
CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY
680164610	13078RDC1	2004-12-14	111032953	TO CONSTRUCT A STUDENT HOUSING FACILITY AT THE UNIVERSITY OF CALIFORNIA IRVI	1	0	0
CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY
680164610	13078REF3	2006-04-27	101688202	TO PROVIDE FUNDS TO REFUND BONDS ISSUED ON DECEMBER 14, 2004	0	0	0
CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY
680164610	13078RES5	2008-07-30	221367790	TO CONSTRUCT A STUDENT HOUSING FACILITY AT THE UNIVERSITY OF CALIFORNIA IRVI	0	0	0
CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY
680164610	13078REU0	2012-01-11	95742546	TO ACQUIRE A STUDENT HOUSING FACILITY AT UNIVERSITY OF CALIFORNIA AT IRVIN	0	0	0

Form990 Schedule K Part II Form990ScheduleKPartII (4 entries)

Amount RetiredAmountRetired	Amount Bond DefeasedAmountBondDefeased	Total ProceedsTotalProceeds	Amount In Reserve FundAmountInReserveFund	Capitalized InterestCapitalizedInterest	Issuance Costs From ProceedsIssuanceCostsFromProceeds	Working Capital ExpendituresWorkingCapitalExpenditures	Capital ExpendituresCapitalExpenditures	Other Spent ProceedsOtherSpentProceeds	Year Of Subst CompletionYearOfSubstCompletion	Advance RefundingAdvanceRefunding	Final Allocation MadeFinalAllocationMade	Adequate Books And Recds MaintaindAdequateBooksAndRecdsMaintaind	Refunding EscrowRefundingEscrow	Amount UnspentAmountUnspent
5095000	95040000	114610514	874265	9021196	1457203	3388403	94778786	158542	2006	0	1	1
965000		101688202	5637051		895710	25000	31207	27741590	2006	1	1	1	72994694
2350000		232351335	14931626	26625781	1992466	10327585	171228523	822663	2010	0	0	1		9016751
1300000		95742546	6971425		704825					1	1	1	95037721

Form990 Schedule K Part III Form990ScheduleKPartIII (4 entries)

Owning Bond Financed PropertyOwningBondFinancedProperty	Any Lease ArrangementsAnyLeaseArrangements	Mngment Cntrct Bond Financd PrprtyMngmentCntrctBondFinancdPrprty	Any Research AgreementsAnyResearchAgreements	Prcntge Prvt Business Use By OthersPrcntgePrvtBusinessUseByOthers	Percentage Of Prvt Business Re UBIPercentageOfPrvtBusinessReUBI	Total Private Business UseTotalPrivateBusinessUse	Post Issuance Compliance ProcdrsPostIssuanceComplianceProcdrs
0	0	0	0	0.00000	0.00000	0.00000	1
0	0	0	0	0.00000	0.00000	0.00000	1
0	0	0	0	0.00000	0.00000	0.00000	1
0	0	0	0	0.00000	0.00000	0.00000	1

Form990 Schedule K Part IV Form990ScheduleKPartIV (4 entries)

Form8038 T FiledForm8038TFiled	Variable Rate IssueVariableRateIssue	Hedge Identified In Books And RecdsHedgeIdentifiedInBooksAndRecds	Gross Proceeds Invested In GICGrossProceedsInvestedInGIC	Business Name Line2NameOfGICProvider/BusinessNameLine2	Term Of GICTermOfGIC	Regulatory Safe Harbor SatisfiedRegulatorySafeHarborSatisfied	Gross Proceeds InvestedGrossProceedsInvested	Exception To RebateExceptionToRebate
GE FUNDING CAPITAL
0	0	0	1	MARKET SERVICES	9.600000000000	1	1	0
(no name)
0	0	0	0				1	0
MONUMENTAL LIFE
0	0	0	1	INSURANCE COMPANY	9.800000000000	1	1	0
(no name)
0	0	0	0				1	0

Schedule K IRS990ScheduleK

Form990 Schedule K Part I Form990ScheduleKPartI (4 entries)

Issuer EINIssuerEIN	CUSIP NumberCUSIPNumber	Date IssuedDateIssued	Issue PriceIssuePrice	Description Of PurposeDescriptionOfPurpose	DefeasedDefeased	On Behalf Of IssuerOnBehalfOfIssuer	Pool FinancingPoolFinancing
THE PUBLIC EDUCATIONAL BUILDING AUTHORITY OF THE CITY OF BIRMINGHAM
631254527	09107PAC1	2009-12-31	29365000	TO PROVIDE FUNDS TO REFUND BONDS ISSUED ON MARCH 4, 2005	0	0	0
VOLUSIA COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY
521293529	92883TBF1	2005-11-18	16668729	TO CONSTRUCT A STUDENT HOUSING FACILITY AT STETSON UNIVERSITY	0	0	0
CITY OF PORTALES NEW MEXICO
856000162	736174AA1	2006-10-03	13520000	TO CONSTRUCT A STUDENT HOUSING FACILITY AT EASTERN NEW MEXICO UNIVERSITY	0	0	0
CITY OF ROSWELL NEW MEXICO
856000165	778624AA0	2006-09-20	11710000	TO CONSTRUCT A STUDENT HOUSING FACILITY AT EASTERN NEW MEXICO UNIVERSITY	0	0	0

Form990 Schedule K Part II Form990ScheduleKPartII (4 entries)

Amount RetiredAmountRetired	Total ProceedsTotalProceeds	Amount In Reserve FundAmountInReserveFund	Other Spent ProceedsOtherSpentProceeds	Year Of Subst CompletionYearOfSubstCompletion	Current RefundingCurrentRefunding	Final Allocation MadeFinalAllocationMade	Adequate Books And Recds MaintaindAdequateBooksAndRecdsMaintaind	Capitalized InterestCapitalizedInterest	Issuance Costs From ProceedsIssuanceCostsFromProceeds	Credit EnhancementCreditEnhancement	Working Capital ExpendituresWorkingCapitalExpenditures	Capital ExpendituresCapitalExpenditures	Amount UnspentAmountUnspent
380000	29365000	2100636	29365000	2006	1	1	1
1120000	16974530	1158261		2006	0	0	1	614506	328738	866093	261470	13709238	63021
140000	13892047	1010700	127370	2007	0	1	1	523702	238125	76533	246318	11669299
120000	12012652	903178	110873	2007	0	1	1	406168	211313	28261	475081	9877793

Form990 Schedule K Part III Form990ScheduleKPartIII (4 entries)

Owning Bond Financed PropertyOwningBondFinancedProperty	Any Lease ArrangementsAnyLeaseArrangements	Mngment Cntrct Bond Financd PrprtyMngmentCntrctBondFinancdPrprty	Any Research AgreementsAnyResearchAgreements	Prcntge Prvt Business Use By OthersPrcntgePrvtBusinessUseByOthers	Percentage Of Prvt Business Re UBIPercentageOfPrvtBusinessReUBI	Total Private Business UseTotalPrivateBusinessUse	Post Issuance Compliance ProcdrsPostIssuanceComplianceProcdrs
0	0	0	0	0.00000	0.00000	0.00000	1
0	0	0	0	0.00000	0.00000	0.00000	1
0	0	0	0	0.00000	0.00000	0.00000	1
0	0	0	0	0.00000	0.00000	0.00000	1

Form990 Schedule K Part IV Form990ScheduleKPartIV (4 entries)

Form8038 T FiledForm8038TFiled	Variable Rate IssueVariableRateIssue	Hedge Identified In Books And RecdsHedgeIdentifiedInBooksAndRecds	Gross Proceeds Invested In GICGrossProceedsInvestedInGIC	Business Name Line2NameOfGICProvider/BusinessNameLine2	Term Of GICTermOfGIC	Regulatory Safe Harbor SatisfiedRegulatorySafeHarborSatisfied	Gross Proceeds InvestedGrossProceedsInvested	Exception To RebateExceptionToRebate	Business Name Line2NameOfHedgeProvider/BusinessNameLine2	Term Of HedgeTermOfHedge	Superintegrated HedgeSuperintegratedHedge	Hedge TerminatedHedgeTerminated
HYPO REAL ESTATE
0	1	0	1	BANK INTERNATIONAL	10.000000000000	1	1	1
CITIGROUP FINANCIAL
0	0	0	1	PRODUCTS	10.000000000000	1	1	0
ROYAL BANK OF
0	1	1	1	INSURANCE COMPANY	5.000000000000	1	1	0	CANADA	7.000000000000	0	0
ROYAL BANK OF
0	1	1	1	PRODUCTS	4.900000000000	1	1	0	CANADA	5.000000000000	0	1

Schedule K IRS990ScheduleK

Form990 Schedule K Part I Form990ScheduleKPartI (4 entries)

Issuer EINIssuerEIN	CUSIP NumberCUSIPNumber	Date IssuedDateIssued	Issue PriceIssuePrice	Description Of PurposeDescriptionOfPurpose	DefeasedDefeased	On Behalf Of IssuerOnBehalfOfIssuer	Pool FinancingPoolFinancing
CITY OF ALBANY INDUSTRIAL DEVELOPMENT AGENCY
522015750	012440HR7	2007-05-03	12780000	TO CONSTRUCT A STUDENT HOUSING FACILITY AT THE ALBANY COLLEGE OF PHARMACY	0	0	0
IOWA FINANCE AUTHORITY
521699886	46247BAA9	2007-05-09	36335000	TO CONSTRUCT A STUDENT HOUSING FACILITY AT DRAKE UNIVERSITY	0	0	0
BERKS COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY
237418629	084523AA7	2007-06-13	10775000	TO ACQUIRE A STUDENT HOUSING FACILITY AT KUTZTOWN UNIVERSITY	0	0	0
CITY OF ALBANY INDUSTRIAL DEVELOPMENT AGENCY
522015750	012440KR3	2008-01-25	6495000	TO CONSTRUCT A STUDENT HOUSING FACILITY AT THE ALBANY COLLEGE OF PHARMACY	0	0	0

Form990 Schedule K Part II Form990ScheduleKPartII (4 entries)

Amount RetiredAmountRetired	Total ProceedsTotalProceeds	Capitalized InterestCapitalizedInterest	Issuance Costs From ProceedsIssuanceCostsFromProceeds	Credit EnhancementCreditEnhancement	Working Capital ExpendituresWorkingCapitalExpenditures	Capital ExpendituresCapitalExpenditures	Year Of Subst CompletionYearOfSubstCompletion	Final Allocation MadeFinalAllocationMade	Adequate Books And Recds MaintaindAdequateBooksAndRecdsMaintaind	Amount In Reserve FundAmountInReserveFund	Other Spent ProceedsOtherSpentProceeds
1265000	12837193	169034	245628	78048	215977	12128506	2007	1	1
310000	37461123	2051904	674392	49035	1663258	30804233	2008	1	1	1940828	309952
250000	10775000		203364	47097	423006	9778447	2006	1	1	73086	250000
740000	6531819	106314	110970	71641	181957	5833760	2008	1	1		227177

Form990 Schedule K Part III Form990ScheduleKPartIII (4 entries)

Any Lease ArrangementsAnyLeaseArrangements	Prcntge Prvt Business Use By OthersPrcntgePrvtBusinessUseByOthers	Total Private Business UseTotalPrivateBusinessUse	Post Issuance Compliance ProcdrsPostIssuanceComplianceProcdrs
0	0.00000	0.00000	1
1	0.02950	0.02950	1
0	0.00000	0.00000	1
0	0.00000	0.00000	1

Form990 Schedule K Part IV Form990ScheduleKPartIV (4 entries)

Form8038 T FiledForm8038TFiled	Variable Rate IssueVariableRateIssue	Hedge Identified In Books And RecdsHedgeIdentifiedInBooksAndRecds	Gross Proceeds Invested In GICGrossProceedsInvestedInGIC	Gross Proceeds InvestedGrossProceedsInvested	Exception To RebateExceptionToRebate	Term Of HedgeTermOfHedge	Superintegrated HedgeSuperintegratedHedge	Hedge TerminatedHedgeTerminated	Business Name Line1NameOfGICProvider/BusinessNameLine1	Term Of GICTermOfGIC	Regulatory Safe Harbor SatisfiedRegulatorySafeHarborSatisfied	Business Name Line2NameOfHedgeProvider/BusinessNameLine2
(no name)
0	1	0	0	0	1
CITIBANK NA
0	1	1	1	1	0	5.000000000000	0	1	SOCIETE GENERAL	30.000000000000	1
ROYAL BANK OF
0	1	1	0	0	0	7.000000000000	0	1				CANADA
(no name)
0	1	0	0	0	0

Schedule K IRS990ScheduleK

Form990 Schedule K Part I Form990ScheduleKPartI (4 entries)

Issuer EINIssuerEIN	CUSIP NumberCUSIPNumber	Date IssuedDateIssued	Issue PriceIssuePrice	Description Of PurposeDescriptionOfPurpose	DefeasedDefeased	On Behalf Of IssuerOnBehalfOfIssuer	Pool FinancingPoolFinancing
ILLINOIS FINANCE AUTHORITY
861091967	45202QBS1	2011-02-23	58771834	TO CONSTRUCT A STUDENT HOUSING FACILITY AT ILLINOIS STATE UNIVERSITY	0	0	0
ILLINOIS FINANCE AUTHORITY
861091967	45202QCD3	2011-03-10	130435517	SEE SCHEDULE K PART VI	0	0	0
DUTCHESS COUNTY LOCAL DEVELOPMENT CORPORATION
273106797	NONEAVAIL	2011-06-29	15833664	TO CONSTRUCT A STUDENT HOUSING FACILITY AT THE CULINARY INSTITUTE OF AMERICA	0	0	0
WYOMING COMMUNITY DEVELOPMENT AUTHORITY
830222723	98322VAK2	2011-07-14	15290054	TO CONSTRUCT A STUDENT HOUSING FACILITY AT UNIVERISTY OF WYOMING	0	0	0

Form990 Schedule K Part II Form990ScheduleKPartII (4 entries)

Total ProceedsTotalProceeds	Amount In Reserve FundAmountInReserveFund	Capitalized InterestCapitalizedInterest	Issuance Costs From ProceedsIssuanceCostsFromProceeds	Working Capital ExpendituresWorkingCapitalExpenditures	Capital ExpendituresCapitalExpenditures	Amount UnspentAmountUnspent	Current RefundingCurrentRefunding	Adequate Books And Recds MaintaindAdequateBooksAndRecdsMaintaind	Other Spent ProceedsOtherSpentProceeds
59048876	4847219	4497704	1027343	8592	37347409	11320610	0	1
130650752	10688871	7737825	1960059	2330778	58180564	32566666	1	1	18512973
11014612	1090839	108437	316673	59375	9416592	22695	0	1
15308803	1163500	441747	228950	6597	9386496	4081513	0	1

Form990 Schedule K Part III Form990ScheduleKPartIII (4 entries)

Owning Bond Financed PropertyOwningBondFinancedProperty	Any Lease ArrangementsAnyLeaseArrangements	Mngment Cntrct Bond Financd PrprtyMngmentCntrctBondFinancdPrprty	Any Research AgreementsAnyResearchAgreements	Prcntge Prvt Business Use By OthersPrcntgePrvtBusinessUseByOthers	Percentage Of Prvt Business Re UBIPercentageOfPrvtBusinessReUBI	Total Private Business UseTotalPrivateBusinessUse	Post Issuance Compliance ProcdrsPostIssuanceComplianceProcdrs
0	0	0	0	0.00000	0.00000	0.00000	1
0	0	0	0	0.00000	0.00000	0.00000	1
0	0	0	0	0.00000	0.00000	0.00000	1
0	0	0	0	0.00000	0.00000	0.00000	1

Form990 Schedule K Part IV Form990ScheduleKPartIV (4 entries)

Form8038 T FiledForm8038TFiled	Variable Rate IssueVariableRateIssue	Hedge Identified In Books And RecdsHedgeIdentifiedInBooksAndRecds	Gross Proceeds Invested In GICGrossProceedsInvestedInGIC	Gross Proceeds InvestedGrossProceedsInvested	Exception To RebateExceptionToRebate	Term Of HedgeTermOfHedge	Superintegrated HedgeSuperintegratedHedge	Hedge TerminatedHedgeTerminated
(no name)
0	0	0	0	0	0
(no name)
0	0	0	0	0	0
TD BANK NA
0	1	1	0	0	0	8.800000000000	0	0
(no name)
0	0	0	0	0	0

Schedule K IRS990ScheduleK

Form990 Schedule K Part I Form990ScheduleKPartI

Issuer Name IssuerName

Field	Value	IRS element (for citing)
Business Name Line1	OREGON FACILITIES AUTHORITY	BusinessNameLine1

Field	Value	IRS element (for citing)
Issuer EIN	936001787	IssuerEIN
CUSIP Number	68608JQD6	CUSIPNumber
Date Issued	2012-04-19	DateIssued
Issue Price	44330935	IssuePrice
Description Of Purpose	TO CONSTRUCT A STUDENT HOUSING FACILITY AT SOUTHERN OREGON UNIVERSITY	DescriptionOfPurpose
Defeased	0	Defeased
On Behalf Of Issuer	0	OnBehalfOfIssuer
Pool Financing	0	PoolFinancing

Form990 Schedule K Part II Form990ScheduleKPartII

Field	Value	IRS element (for citing)
Total Proceeds	44333952	TotalProceeds
Amount In Reserve Fund	2805500	AmountInReserveFund
Issuance Costs From Proceeds	861550	IssuanceCostsFromProceeds
Credit Enhancement	1194712	CreditEnhancement
Capital Expenditures	4915231	CapitalExpenditures
Amount Unspent	34556959	AmountUnspent
Current Refunding	0	CurrentRefunding
Advance Refunding	0	AdvanceRefunding
Final Allocation Made	0	FinalAllocationMade
Adequate Books And Recds Maintaind	1	AdequateBooksAndRecdsMaintaind

Form990 Schedule K Part III Form990ScheduleKPartIII

Field	Value	IRS element (for citing)
Owning Bond Financed Property	0	OwningBondFinancedProperty
Any Lease Arrangements	0	AnyLeaseArrangements
Mngment Cntrct Bond Financd Prprty	0	MngmentCntrctBondFinancdPrprty
Any Research Agreements	0	AnyResearchAgreements
Prcntge Prvt Business Use By Others	0.00000	PrcntgePrvtBusinessUseByOthers
Percentage Of Prvt Business Re UBI	0.00000	PercentageOfPrvtBusinessReUBI
Total Private Business Use	0.00000	TotalPrivateBusinessUse
Post Issuance Compliance Procdrs	1	PostIssuanceComplianceProcdrs

Form990 Schedule K Part IV Form990ScheduleKPartIV

Field	Value	IRS element (for citing)
Form8038 T Filed	0	Form8038TFiled
Variable Rate Issue	0	VariableRateIssue
Hedge Identified In Books And Recds	0	HedgeIdentifiedInBooksAndRecds
Gross Proceeds Invested In GIC	0	GrossProceedsInvestedInGIC
Gross Proceeds Invested	0	GrossProceedsInvested
Exception To Rebate	1	ExceptionToRebate

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (9 entries)

Return ReferenceReturnReference	ExplanationExplanation	IdentifierIdentifier
FORM 990, PART VI, SECTION A, LINE 3	THE STUDENT HOUSING FACILITIES OWNED BY THE ORGANIZATION ARE MANAGED BY THE ASSOCIATED MEMBER COLLEGE OR UNIVERSITY OR BY AN INDEPENDENT MANAGEMENT COMPANY APPROVED BY SUCH COLLEGE OR UNIVERSITY.
FORM 990, PART VI, SECTION A, LINE 6	ANY COLLEGE OR UNIVERSITY FOR WHICH COLLEGIATE HOUSING FOUNDATION (THE FOUNDATION) OWNS AND OPERATES A STUDENT HOUSING FACILITY OR RELATED IMPROVEMENTS IS A MEMBER OF THE FOUNDATION AS LONG AS THE FOUNDATION OWNS OR OPERATES THE FACILITIES.
FORM 990, PART VI, SECTION A, LINE 7A	THE MEMBER SCHOOLS ELECT THE ORGANIZATION'S BOARD OF DIRECTORS
FORM 990, PART VI, SECTION A, LINE 8B	ORGANIZATION HAS NO COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
FORM 990, PART VI, SECTION B, LINE 11	A DRAFT OF THE FORM 990 IS PREPARED BY THE ORGANIZATION'S ACCOUNTING FIRM AND AFTER REVIEW BY THE ORGANIZATION'S LEGAL COUNSEL, IS REVIEWED AND APPROVED BY THE PRESIDENT OF THE ORGANIZATION BEFORE BEING FILED. A COPY IS ALSO FURNISHED TO EACH OF THE ORGANIZATION'S BOARD MEMBERS PRIOR TO FILING.
FORM 990, PART VI, SECTION B, LINE 12C	EACH BOARD MEMBER IS ANNUALLY REQUIRED TO ACKNOWLEDGE IN WRITING THEIR RECEIPT OF THE ORGANIZATION'S WRITTEN CONFLICT OF INTEREST POLICY AND AGREE TO COMPLY WITH THE SAME.
FORM 990, PART VI, SECTION B, LINE 15	THE BOARD OF DIRECTORS REVIEWED COMPENSATION SURVEYS AND OTHER DATA FOR SIMILAR ORGANIZATIONS AND BASED ALL OF THE OFFICERS' SALARIES ON SUCH INFORMATION. PERSONS WITH A CONFLICT OF INTEREST WERE NOT PRESENT FOR THE VOTING OR DELIBERATION AND DID NOT VOTE ON THE SUBJECT.
FORM 990, PART VI, SECTION C, LINE 19	COPIES OF DOCUMENTS REQUIRED BY LAW TO BE AVAILABLE TO THE PUBLIC ARE PROVIDED UPON REQUEST
FORM 990, PART XI, LINE 5:	NET UNREALIZED GAINS ON INVESTMENTS: 2,340,239. PRIOR PERIOD ADJUSTMENTS: -187,166. GAIN ON SALE OF PROJECT ASSETS: 4,427,471. NET UNREALIZED LOSS ON INTEREST EXCHANGE: -6,840,151. TOTAL TO FORM 990, PART XI, LINE 5: -259,607.	CHANGES IN NET ASSETS OR FUND BALANCES:

Schedule R IRS990ScheduleR

Form990 Schedule R Part I Form990ScheduleRPartI (23 entries)

Address Line1AddressUS/AddressLine1	CityAddressUS/City	StateAddressUS/State	ZIP CodeAddressUS/ZIPCode	EINEIN	Primary ActivitiesPrimaryActivities	Legal Domicile StateLegalDomicileState	Total IncomeTotalIncome	EOY AssetsEOYAssets	Direct Controlling Entity NADirectControllingEntityNA
CHF-DELAWARE LLC
POST OFFICE BOX 1385	FAIRHOPE	AL	365331385	522236764	TO FINANCE, OWN AND OPERATE A STUDENT HOUSING FACILITY FOR THE UNIVERSITY	AL	7956868	37338659	N/A
CHF-ROCHESTER LLC
POST OFFICE BOX 1385	FAIRHOPE	AL	365331385	631238875	TO FINANCE, OWN AND OPERATE A STUDENT HOUSING FACILITY FOR THE UNIVERSITY	AL	100038	0	N/A
CHF-BIRMINGHAM LLC
POST OFFICE BOX 1385	FAIRHOPE	AL	365331385	631251862	TO FINANCE, OWN AND OPERATE A STUDENT HOUSING FACILITY FOR THE UNIVERSITY	AL	3806026	18671705	N/A
CHF-MAGNOLIA LLC
POST OFFICE BOX 1385	FAIRHOPE	AL	365331385	200513786	TO FINANCE, OWN AND OPERATE A STUDENT HOUSING FACILITY FOR THE UNIVERSITY	AL	1535608	10073867	N/A
CHF-WINOOSKI LLC
POST OFFICE BOX 1385	FAIRHOPE	AL	365331385	201480741	TO FINANCE, OWN AND OPERATE A STUDENT HOUSING FACILITY FOR THE UNIVERSITY	AL	2528898	18790800	N/A
CHF-IRVINE LLC
POST OFFICE BOX 1385	FAIRHOPE	AL	365331385	202001737	TO FINANCE, OWN AND OPERATE A STUDENT HOUSING FACILITY FOR THE UNIVERSITY	AL	41219823	511016307	N/A
CHF-UAB II LLC
POST OFFICE BOX 1385	FAIRHOPE	AL	365331385	202198694	TO FINANCE, OWN AND OPERATE A STUDENT HOUSING FACILITY FOR THE UNIVERSITY	AL	3963362	26933829	N/A
CHF-ELON LLC
POST OFFICE BOX 1385	FAIRHOPE	AL	365331385	202956535	TO FINANCE, OWN AND OPERATE A STUDENT HOUSING FACILITY FOR THE UNIVERSITY	AL	3922747	24231153	N/A
CHF-TAMPA LLC
POST OFFICE BOX 1385	FAIRHOPE	AL	365331385	202916605	TO FINANCE, OWN AND OPERATE A STUDENT HOUSING FACILITY FOR THE UNIVERSITY	AL	795925	0	N/A
CHF-DELAND LLC
POST OFFICE BOX 1385	FAIRHOPE	AL	365331385	203494776	TO FINANCE, OWN AND OPERATE A STUDENT HOUSING FACILITY FOR THE UNIVERSITY	AL	2412578	13765526	N/A
CHF-PORTALES LLC
POST OFFICE BOX 1385	FAIRHOPE	AL	365331385	205208772	TO FINANCE, OWN AND OPERATE A STUDENT HOUSING FACILITY FOR THE UNIVERSITY	AL	1073237	11214286	N/A
CHF-ROSWELLLLC
POST OFFICE BOX 1385	FAIRHOPE	AL	365331385	205208808	TO FINANCE, OWN AND OPERATE A STUDENT HOUSING FACILITY FOR THE UNIVERSITY	AL	790820	9739082	N/A
CHF-KUTZTOWN LLC
POST OFFICE BOX 1385	FAIRHOPE	AL	365331385	260176083	TO FINANCE, OWN AND OPERATE STUDENT HOUSING FACILITIES FOR THE UNIVERSITY	AL	1048862	8766220	N/A
CHF-HOLLAND SUITES LLC
POST OFFICE BOX 1385	FAIRHOPE	AL	365331385	208580707	TO FINANCE, OWN AND OPERATE STUDENT HOUSING FACILITIES FOR THE UNIVERSITY	AL	1292044	11628112	N/A
CHF-DEKALB LLC
POST OFFICE BOX 1385	FAIRHOPE	AL	365331385	205208725	TO FINANCE, OWN AND OPERATE STUDENT HOUSING FACILITIES FOR THE UNIVERSITY	AL	0	0	N/A
CHF-DES MOINES LLC
POST OFFICE BOX 1385	FAIRHOPE	AL	365331385	208355661	TO FINANCE, OWN AND OPERATE STUDENT HOUSING FACILITIES FOR THE UNIVERSITY	AL	2922636	31368059	N/A
CHF-HOLLAND SUITES II LLC
POST OFFICE BOX 1385	FAIRHOPE	AL	365331385	261705515	TO FINANCE, OWN AND OPERATE STUDENT HOUSING FACILITIES FOR THE UNIVERSITY	AL	871294	6364055	N/A
CHF - NORMAL LLC
POST OFFICE BOX 1385	FAIRHOPE	AL	365331385	272995601	TO FINANCE, OWN AND OPERATE STUDENT HOUSING FACILITIES FOR THE UNIVERSITY	AL	0	63228033	N/A
CHF - DEKALB II LLC
POST OFFICE BOX 1385	FAIRHOPE	AL	365331385	272995547	TO FINANCE, OWN AND OPERATE STUDENT HOUSING FACILITIES FOR THE UNIVERSITY	AL	1683180	137256526	N/A
CHF - DEKALB III LLC
POST OFFICE BOX 1385	FAIRHOPE	AL	365331385	275438414	TO FINANCE, OWN AND OPERATE STUDENT HOUSING FACILITIES FOR THE UNIVERSITY	AL	0	0	N/A
CHF - WYOMING LLC
POST OFFICE BOX 1385	FAIRHOPE	AL	365331385	452392042	TO FINANCE, OWN AND OPERATE STUDENT HOUSING FACILITIES FOR THE UNIVERSITY	AL	3201400	21099518	N/A
CHF - CIA LLC
POST OFFICE BOX 1385	FAIRHOPE	AL	365331385	273512639	TO FINANCE, OWN AND OPERATE STUDENT HOUSING FACILITIES FOR THE UNIVERSITY	AL	24971	15580632	N/A
CHF - ASHLAND LLC
POST OFFICE BOX 1385	FAIRHOPE	AL	365331385	936001787	TO FINANCE, OWN AND OPERATE A STUDENT HOUSING FACILITY FOR THE UNIVERSITY	AL	0	46291930	N/A