2013-05-13T16:49:53-05:00 2012-06-30 270355040 WILKINS MILLER HIERONYMUS LLC PO BOX 70047 MOBILE AL 36670 990 2011-07-01 631173425 COLLEGIATE HOUSING FOUNDATION COLL 2519289340 POST OFFICE BOX 1385 FAIRHOPE AL 365331385 LEEMAN H COVEY 2519289340 2013-05-13 1 BRIAN M BLAKENEY P00444917 2514106700 2013-05-13 2011 2016-02-24 21:20:13Z LEEMAN H COVEY POST OFFICE BOX 1385 FAIRHOPE AL 365331385 93353073 0 X WWW.COLLEGIATEHOUSING.ORG X 1996 AL (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. 6 5 3 0 76507 12808 374441 3200000 78614765 87266560 2725021 2650356 54805 76507 81769032 93193423 0 0 0 0 311605 628439 0 0 0 105486368 108586616 105797973 109215055 -24028941 -16021632 953680803 1071624609 1022770313 1156995358 -69089510 -85370749 X (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. 0 0 54568145 37530791 PROVIDE 5,126 BED STUDENT HOUSING FACILITY IN IRVINE,CA FOR UNIVERSITY OF CALIFORNIA IRVINE 6985458 7956346 PROVIDE 880 BED STUDENT HOUSING FACILITY IN NEWARK, DE FOR UNIVERSITY OF DELAWARE 5473601 2770600 PROVIDE 457 BED STUDENT HOUSING FACILITY IN DES MOINES, IOWA FOR DRAKE UNIVERSITY 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 41254966 37231251 108282170 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 86 0 1 3 1 1 1 0 0 0 0 0 0 0 0 0 X 6 5 0 1 0 0 1 1 0 1 0 0 1 1 1 1 1 1 0 1 1 1 0 AL AR CA IL PA NC FL OR X LEEMAN H COVEY 2519289340 409 JOHNSON AVE FAIRHOPE AL 36532 LEEMAN H COVEY 30.00 X X 83000 0 12600 JOHN BROOKS SLAUGHTER 1.50 X X 5500 0 0 HON JACK EDWARDS 1.50 X X 5500 0 0 LINDA FLAHERTY-GOLDSMITH 1.50 X 5500 0 0 JOHN B HICKS 1.50 X X 5500 0 0 THOMAS M DALY 1.50 X 5500 0 0 JANET BROWN 30.00 X 57750 0 11415 WILLIAM B GIVHAN 40.00 X 300000 0 8000 468250 0 32015 1 0 1 0 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 24 3200000 3200000 RENTAL INCOME 531110 84266366 84266366 CONVENIENCE INCOME 531110 1777572 1777572 FEES/FORFEITED DEPOSIT 531110 907049 907049 MISCELLANEOUS INCOME 531110 315573 315573 87266560 120718 120718 2529638 2529638 236157 159650 76507 76507 76507 93193423 85488988 76507 4427928 570500 570500 4815 4815 28800 28800 24324 24324 9085778 9085778 320688 290710 29978 562297 476472 85825 368852 368852 413361 413361 277915 277313 602 1207220 1191672 15548 82797 79809 2988 25337336 25323623 13713 104920 71241 33679 23184 23184 42559941 42559941 23535103 23530124 4979 1448223 1381261 66962 MISCELLANEOUS 1986019 1959031 26988 LOSS ON EXTINGUISHMENT 1005915 1005915 BAD DEBT 252691 252691 PREOPENING COSTS 14376 14376 109215055 108282170 932885 0 9754020 10808643 200181220 158033231 1662192 1353288 20593078 25514154 679117349 107700641 539584404 571416708 130191988 123717324 28081697 25606484 23632204 155174777 953680803 1071624609 36724037 50985822 4225918 5834591 938569539 1050467116 28194220 27020157 15056599 22687672 1022770313 1156995358 X -69089510 -85370749 -69089510 -85370749 953680803 1071624609 X -16021632 -259607 X 0 1 0 X 0 X 254550 490724 661301 374441 3200000 4981016 58975459 63756701 69716397 78615765 87265874 358330196 59230009 64247425 70377698 78990206 90465874 363311212 0 0 0 363311212 3492576 2002704 1934213 2725021 2650356 12804870 3492576 2002704 1934213 2725021 2650356 12804870 62722585 66250129 72311911 81715227 93116230 376116082 0.96600 0.96070 0.03400 0.03930 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 7020913 7020913 644183106 90171833 554011273 27913330 17528808 10384522 571416708 CONSTRUCTION IN PROGRESS 153286883 DUE FROM RELATED ENTITIES AND MANAGEMENT COMPANIES 1708784 INTEREST/DIVIDEND INCOME RECEIVABLE 179110 155174777 SECURITY DEPOSITS 2351939 FAIR VALUE OF INTEREST EXCHANGE 20335733 22687672 93193423 109215055 -16021632 2340239 0 -2412680 -72441 -16094073 100120783 2340239 4587121 6927360 93193423 0 93193423 116214856 6999801 6999801 109215055 0 109215055 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. X 1 1 X X X X 0 0 0 0 0 0 0 0 1 1 WILLIAM B GIVHAN 300000 0 0 0 0 0 0 0 8000 0 308000 0 0 0 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. 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 6305000 44965000 2800583 41565741 359832 141427 97417 2001 0 1 1 1 415000 5950000 422030 5831000 67175 51825 2001 0 1 1 1 1340000 11961235 834000 286793 237067 781139 355311 9466945 14979 2004 0 0 1 1 23550928 871463 1595815 461500 132046 1197078 19332990 2005 0 0 1 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 0 0 0 0 0.00000 0.00000 0.00000 1 0 1 1 PNC BANK NATIONAL ASSOCIATION 20.400000000000 0 0 0 1 0 0 1 1 TD BANK NA 20.500000000000 0 0 1 SOCIETE GENERAL 10.000000000000 1 1 0 0 0 0 1 WACHOVIA BANK NATIONAL ASSOC 9.800000000000 1 1 0 0 1 0 1 AMERICAN INTERNATIONAL GROUP 2.200000000000 1 1 0 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. 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 5095000 95040000 114610514 874265 9021196 1457203 3388403 94778786 158542 2006 0 0 1 1 965000 101688202 5637051 72994694 895710 25000 31207 27741590 2006 0 1 1 1 2350000 232351335 14931626 26625781 1992466 10327585 171228523 822663 9016751 2010 0 0 0 1 1300000 95742546 6971425 95037721 704825 0 1 1 1 0 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261470 13709238 63021 2006 0 0 0 1 140000 13892047 1010700 523702 238125 76533 246318 11669299 127370 2007 0 0 1 1 120000 12012652 903178 406168 211313 28261 475081 9877793 110873 2007 0 0 1 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 0 0 0 0 0.00000 0.00000 0.00000 1 0 1 0 1 HYPO REAL ESTATE BANK INTERNATIONAL 10.000000000000 1 1 1 0 0 0 1 CITIGROUP FINANCIAL PRODUCTS 10.000000000000 1 1 0 0 1 1 ROYAL BANK OF CANADA 7.000000000000 0 0 1 TRANSAMERICA LIFE INSURANCE COMPANY 5.000000000000 1 1 0 0 1 1 ROYAL BANK OF CANADA 5.000000000000 0 1 1 CITIGROUP FINANCIAL PRODUCTS 4.900000000000 1 1 0 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 1265000 12837193 169034 245628 78048 215977 12128506 2007 0 0 1 1 310000 37461123 1940828 2051904 674392 49035 1663258 30804233 309952 2008 0 0 1 1 250000 10775000 73086 203364 47097 423006 9778447 250000 2006 0 0 1 1 740000 6531819 106314 110970 71641 181957 5833760 227177 2008 0 0 1 1 0 0 0 0 0.00000 0.00000 0.00000 1 0 1 0 0 0.02950 0.00000 0.02950 1 0 0 0 0 0.00000 0.00000 0.00000 1 0 0 0 0 0.00000 0.00000 0.00000 1 0 1 0 0 0 1 0 1 1 CITIBANK NA 5.000000000000 0 1 1 SOCIETE GENERAL 30.000000000000 1 1 0 0 1 1 ROYAL BANK OF CANADA 7.000000000000 0 1 0 0 0 0 1 0 0 0 0 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 59048876 4847219 4497704 1027343 8592 37347409 11320610 0 0 0 1 130650752 10688871 7737825 1960059 2330778 58180564 18512973 32566666 1 0 0 1 11014612 1090839 108437 316673 59375 9416592 22695 0 0 0 1 15308803 1163500 441747 228950 6597 9386496 4081513 0 0 0 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 0 0 0 0 0.00000 0.00000 0.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 TD BANK NA 8.800000000000 0 0 0 0 0 0 0 0 0 0 0 OREGON FACILITIES AUTHORITY 936001787 68608JQD6 2012-04-19 44330935 TO CONSTRUCT A STUDENT HOUSING FACILITY AT SOUTHERN OREGON UNIVERSITY 0 0 0 44333952 2805500 861550 1194712 4915231 34556959 0 0 0 1 0 0 0 0 0.00000 0.00000 0.00000 1 0 0 0 0 0 1 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 CHANGES IN NET ASSETS OR FUND BALANCES: 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. 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