Liabilities / Assets
92nd percentile
Higher debt load relative to assets than 92% of similar nonprofits.
EIN 01-0681650 • 501(c)3 • Petersburg, VA
Profile
Vsuref is organized and operated to aquire, develop, receive, maintain and manage real estate assets that further the aims and purposes of virginia state university.
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
Liabilities / Assets
92nd percentile
Higher debt load relative to assets than 92% of similar nonprofits.
Liabilities / Revenue
94th percentile
Higher debt load relative to revenue than 94% of similar nonprofits.
Net Margin
88th percentile
Higher net margin than 88% of similar nonprofits.
Top Officer Pay
16th percentile
Higher top officer pay than 16% of similar nonprofits.
Top officer pay equals 1.3% of source-year revenue.
Asset Growth
86th percentile
Faster asset growth than 86% of similar nonprofits.
Revenue Growth
16th percentile
Faster revenue growth than 16% of similar nonprofits.
Assets
Up$13,508,263
Up $2,792,728 (+26%) from 2023
Liabilities
Up$12,985,603
Up $1,127,347 (+9.5%) from 2023
Net Assets
Up$522,660
Up $1,665,381 (+146%) from 2023
Revenue
Down$2,753,120
Down $477,189 (-15%) from 2023
Expenses
Down$1,433,145
Down $1,182,734 (-45%) from 2023
Net Income
Up$1,319,975
Up $705,545 (+115%) from 2023
Most recent year
2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.
Vsuref is organized and operated to aquire, develop, receive, maintain and manage real estate assets that further the aims and purposes of virginia state university.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Land, Buildings, and Equipment, Net | $4,345,980 | $3,862,191 | ▼ $483,789 |
| Cash and Non-Interest-Bearing Accounts | $1,492,453 | $1,806,320 | ▲ $313,867 |
| Accounts Receivable | $177,688 | $192,742 | ▲ $15,054 |
| Total Assets | $10,893,223 | $13,508,263 | ▲ $2,615,040 |
| Other Assets Total | $4,877,102 | $7,647,010 | ▲ $2,769,908 |
| Liabilities | |||
| Tax Exempt Bond Liabilities | $8,758,776 | $7,549,302 | ▼ $1,209,474 |
| Other Liabilities | $2,964,044 | $5,316,956 | ▲ $2,352,912 |
| Accounts Payable and Accrued Expenses | $105,574 | $89,483 | ▼ $16,091 |
| Deferred Revenue | $29,862 | $29,862 | → $0 |
| Total Liabilities | $11,858,256 | $12,985,603 | ▲ $1,127,347 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $-965,033 | $522,660 | ▲ $1,487,693 |
| Total Net Assets Fund Balance | $-965,033 | $522,660 | ▲ $1,487,693 |
| Total Liabilities and Net Assets / Fund Balance | $10,893,223 | $13,508,263 | ▲ $2,615,040 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Buildings | $3,258,803 | $9,150,685 | $12,409,488 |
| Leasehold Improvements | $12,192 | $2,433,939 | $2,446,131 |
| Land | $542,828 | - | $542,828 |
| Equipment | $48,368 | $421,440 | $469,808 |
| Other Assets Org | $5,020,630 | - | - |
| Name | Title | Full / Part Time | Base | Total |
|---|---|---|---|---|
| Joyce E Henderson | Executive Director | PT | $36,000 | $36,000 |
| Name | Title |
|---|---|
| Dr Millard Stith | President |
| Alonzo Bell Jr | Board Member |
| Kevin Davenport Non-voting | Board Member |
| Dr Joseph Chase | Bov Appointed Liaison |
| Reginia Barnett-tyler | Secretary |
| Aubrey W Fountain Iii | Treasurer |
| Line Item | Amount |
|---|---|
| Other Expenses | $1,433,145 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Salaries, Compensation, and Employee Benefits | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Depreciation Depletion | $483,789 | $0 | $0 | $483,789 |
| All Other Expenses | $349,864 | $121,862 | $0 | $471,726 |
| Interest | $421,902 | $0 | $0 | $421,902 |
| Advertising | $6,829 | $0 | $0 | $6,829 |
| Other Expenses | $5,070 | $0 | $0 | $5,070 |
| Total Functional Expenses | $1,311,283 | $121,862 | $0 | $1,433,145 |
| Line Item | Amount |
|---|---|
| Expenses per Audited Statements | $1,433,145 |
| Total Expenses per Audited Statements | $1,433,145 |
| Total Expenses per Form 990 | $1,433,145 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Liability | Amount |
|---|---|
| Refundable Advance | $5,020,630 |
| Interest Swap | $280,800 |
| Tenant Security Deposit | $15,526 |
| Accrued Property Management Fees | $0 |
| Line of Credit | $0 |
| Bond | Issuer | Issued | Issue Price | Purpose |
|---|---|---|---|---|
| A | Va Small Business Financing Authority | 2008-08-01 | $21,845,842 | REFINANCING OF BONDS |
| Bond | Total Proceeds | Spent | Retired | Issuance Costs |
|---|---|---|---|---|
| A | $21,845,842 | - | - | $187,799 |
“Change in fair value of interest rate swap obligation”
“The financial statements and all governing documents are available for public access upon request”
“The form 990 is given to the executive director who reviews it and goes over with the board of directors for their approval to be issued.”
“The organization did a verbal survey of other state universities in virginia to learn about compensation for their foundation executive director and also reviewed salary data (from salary.com) for foundation executive directors within the state of virginia focusing on salary information for petersburg, richmond and norfolk.”
“Greystar was granted management duties through june 30, 2023, and virginia state university assumed management duties effective july 1, 2023.”
“Policy implemented in 2015. Board members required to update the conflict of interest form annually and when circumstances change the information on file. The executive director is responsible for securing the annual updates.”
“Personnel services 25. 25. 0. 0.”
“POSTAGE 0. 0. 0. 0.”
“Professional fees 205705. 83843. 121862. 0.”
“Property management fees 0. 0. 0. 0.”
“Repairs,maintenance 60203. 60203. 0. 0.”
“Telephone 2609. 2609. 0. 0.”
“TRAINING 0. 0. 0. 0.”
“Utilities 132550. 132550. 0. 0.”
“Bad debt expense 0. 0. 0. 0.”
“Rounding difference 0. 0. 0. 0.”
“Insurance 3634. 3634. 0. 0.”
“Contributions 67000. 67000. 0. 0.”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990/AccountantCompileOrReviewInd | 0 | true |
| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 105574 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 89483 |
| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 177688 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 192742 |
| IRS990/AcctCompileOrReviewBasisGrp/SeparateBasisFinclStmtInd | 0 | X |
| IRS990/ActivitiesConductedPrtshpInd | 0 | false |
| IRS990/ActivityOrMissionDesc | 0 | VSUREF IS ORGANIZED AND OPERATED TO AQUIRE, DEVELOP, RECEIVE, MAINTAIN AND MANAGE REAL ESTATE ASSETS THAT FURTHER THE AIMS AND PURPOSES OF VIRGINIA STATE UNIVERSITY. |
| IRS990/AdvertisingGrp/FundraisingAmt | 0 | 0 |
| IRS990/AdvertisingGrp/ManagementAndGeneralAmt | 0 | 0 |
| IRS990/AdvertisingGrp/ProgramServicesAmt | 0 | 6829 |
| IRS990/AdvertisingGrp/TotalAmt | 0 | 6829 |
| IRS990/AllOtherExpensesGrp/FundraisingAmt | 0 | 0 |
| IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt | 0 | 121862 |
| IRS990/AllOtherExpensesGrp/ProgramServicesAmt | 0 | 349864 |
| IRS990/AllOtherExpensesGrp/TotalAmt | 0 | 471726 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | true |
| IRS990/AuditCommitteeInd | 0 | true |
| IRS990/BooksInCareOfDetail/PersonNm | 0 | LARRY SAUNDERS ASSOCIATES |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 8043218512 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 2902 CHAMBERLAYNE AVE |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | RICHMOND |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | VA |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 23222 |
| IRS990/BusinessRlnWith35CtrlEntInd | 0 | false |
| IRS990/BusinessRlnWithFamMemInd | 0 | false |
| IRS990/BusinessRlnWithOrgMemInd | 0 | false |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 1492453 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 1806320 |
| IRS990/ChangeToOrgDocumentsInd | 0 | false |
| IRS990/CollectionsOfArtInd | 0 | false |
| IRS990/CompensationFromOtherSrcsInd | 0 | false |
| IRS990/CompensationProcessCEOInd | 0 | true |
| IRS990/CompensationProcessOtherInd | 0 | false |
| IRS990/ConflictOfInterestPolicyInd | 0 | true |
| IRS990/ConservationEasementsInd | 0 | false |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | true |
| IRS990/CreditCounselingInd | 0 | false |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 0 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | 57185 |
| IRS990/CYOtherExpensesAmt | 0 | 1433145 |
| IRS990/CYOtherRevenueAmt | 0 | 2695935 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 0 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | 1319975 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 0 |
| IRS990/CYTotalExpensesAmt | 0 | 1433145 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 2753120 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | false |
| IRS990/DeductibleArtContributionInd | 0 | false |
| IRS990/DeductibleNonCashContriInd | 0 | false |
| IRS990/DeferredRevenueGrp/BOYAmt | 0 | 29862 |
| IRS990/DeferredRevenueGrp/EOYAmt | 0 | 29862 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | true |
| IRS990/DepreciationDepletionGrp/FundraisingAmt | 0 | 0 |
| IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt | 0 | 0 |
| IRS990/DepreciationDepletionGrp/ProgramServicesAmt | 0 | 483789 |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 483789 |
| IRS990/Desc | 0 | TO MANAGE THE UNIVERSITY APARTMENTS AT ETTRICK A 504 BEDROOM FACILITY FOR VIRGINIA STATE UNIVERSITY STUDENTS, IN SUPPORT OF THE UNIVERSITYS MISSION AND IN KEEPING WITH THE UNIVERSITYS STRATEGY TO OFFER A VARIETY OF HOUSING ALTERNATIVES FOR STUDENTS. |
| IRS990/DescribedInSection501c3Ind | 0 | true |
| IRS990/DisregardedEntityInd | 0 | false |
| IRS990/DocumentRetentionPolicyInd | 0 | true |
| IRS990/DonorAdvisedFundInd | 0 | false |
| IRS990/DonorRstrOrQuasiEndowmentsInd | 0 | false |
| IRS990/ElectionOfBoardMembersInd | 0 | false |
| IRS990/EmployeeCnt | 0 | 0 |
| IRS990/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990/EscrowAccountInd | 0 | false |
| IRS990/ExpenseAmt | 0 | 1311283 |
| IRS990/FamilyOrBusinessRlnInd | 0 | false |
| IRS990/FederalGrantAuditRequiredInd | 0 | false |
| IRS990/ForeignActivitiesInd | 0 | false |
| IRS990/ForeignFinancialAccountInd | 0 | false |
| IRS990/ForeignOfficeInd | 0 | false |
| IRS990/Form8282PropertyDisposedOfInd | 0 | false |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 0.50 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 0.50 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 0.50 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 0.50 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 0.50 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 0.50 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 6 | 30.00 |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 5 | X |
| IRS990/Form990PartVIISectionAGrp/InstitutionalTrusteeInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/InstitutionalTrusteeInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | DR MILLARD STITH |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | AUBREY W FOUNTAIN III |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | ALONZO BELL JR |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | REGINIA BARNETT-TYLER |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | DR JOSEPH CHASE |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | KEVIN DAVENPORT NON-VOTING |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | JOYCE E HENDERSON |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 6 | 36000 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | PRESIDENT |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | TREASURER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | SECRETARY |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | BOV APPOINTED LIAISON |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | EXECUTIVE DIRECTOR |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | true |
| IRS990/FormationYr | 0 | 2002 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | false |
| IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd | 0 | X |
| IRS990/FSAuditedInd | 0 | true |
| IRS990/FundraisingActivitiesInd | 0 | false |
| IRS990/GamingActivitiesInd | 0 | false |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 5 |
| IRS990/GrantAmt | 0 | 0 |
| IRS990/GrantsToIndividualsInd | 0 | false |
| IRS990/GrantsToOrganizationsInd | 0 | true |
| IRS990/GrantToRelatedPersonInd | 0 | false |
| IRS990/GrossReceiptsAmt | 0 | 2753120 |
| IRS990/GroupReturnForAffiliatesInd | 0 | false |
| IRS990/IncludeFIN48FootnoteInd | 0 | true |
| IRS990/IndependentAuditFinclStmtInd | 0 | true |
| IRS990/IndependentVotingMemberCnt | 0 | 3 |
| IRS990/IndoorTanningServicesInd | 0 | false |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InfoInScheduleOPartXIInd | 0 | X |
| IRS990/InterestGrp/FundraisingAmt | 0 | 0 |
| IRS990/InterestGrp/ManagementAndGeneralAmt | 0 | 0 |
| IRS990/InterestGrp/ProgramServicesAmt | 0 | 421902 |
| IRS990/InterestGrp/TotalAmt | 0 | 421902 |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 0 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 57185 |
| IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt | 0 | 0 |
| IRS990/InvestmentInJointVentureInd | 0 | false |
| IRS990/InvestTaxExemptBondsInd | 0 | false |
| IRS990/IRPDocumentCnt | 0 | 0 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 12006064 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 4345980 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 3862191 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 15868255 |
| IRS990/LegalDomicileStateCd | 0 | VA |
| IRS990/LoanOutstandingInd | 0 | false |
| IRS990/LobbyingActivitiesInd | 0 | false |
| IRS990/LocalChaptersInd | 0 | false |
| IRS990/MaterialDiversionOrMisuseInd | 0 | false |
| IRS990/MembersOrStockholdersInd | 0 | false |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | true |
| IRS990/MinutesOfGoverningBodyInd | 0 | true |
| IRS990/MissionDesc | 0 | VSUREF IS ORGANIZED AND OPERATED TO AQUIRE, DEVELOP, RECEIVE, MAINTAIN AND MANAGE REAL ESTATE ASSETS THAT FURTHER THE AIMS AND PURPOSES OF VIRGINIA STATE UNIVERSITY. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | false |
| IRS990/MoreThan5000KToOrgInd | 0 | false |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | -965033 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 522660 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NetUnrlzdGainsLossesInvstAmt | 0 | 167718 |
| IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt | 0 | -965033 |
| IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt | 0 | 522660 |
| IRS990/NondeductibleContributionsInd | 0 | false |
| IRS990/OfficerMailingAddressInd | 0 | false |
| IRS990/OnBehalfOfIssuerInd | 0 | false |
| IRS990/OperateHospitalInd | 0 | false |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsFASB117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 4877102 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 7647010 |
| IRS990/OtherExpensesGrp/Desc | 0 | BANK SERVICE CHARGES |
| IRS990/OtherExpensesGrp/Desc | 1 | EMPLOYEE HIRING COST |
| IRS990/OtherExpensesGrp/Desc | 2 | MISC |
| IRS990/OtherExpensesGrp/Desc | 3 | OFFICE SUPPLIES |
| IRS990/OtherExpensesGrp/FundraisingAmt | 0 | 0 |
| IRS990/OtherExpensesGrp/FundraisingAmt | 1 | 0 |
| IRS990/OtherExpensesGrp/FundraisingAmt | 2 | 0 |
| IRS990/OtherExpensesGrp/FundraisingAmt | 3 | 0 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 0 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 1 | 0 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 2 | 0 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 3 | 0 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 18539 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 0 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 2 | 25290 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 3 | 5070 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 18539 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 0 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 25290 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 5070 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 2964044 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 5316956 |
| IRS990/OtherRevenueMiscGrp/BusinessCd | 0 | 531110 |
| IRS990/OtherRevenueMiscGrp/BusinessCd | 1 | 531110 |
| IRS990/OtherRevenueMiscGrp/Desc | 0 | REIMBUSEABLE INCOME |
| IRS990/OtherRevenueMiscGrp/Desc | 1 | OTHER REVENUE |
| IRS990/OtherRevenueMiscGrp/ExclusionAmt | 0 | 0 |
| IRS990/OtherRevenueMiscGrp/ExclusionAmt | 1 | 0 |
| IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt | 0 | 2671975 |
| IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt | 1 | 23960 |
| IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt | 0 | 2671975 |
| IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt | 1 | 23960 |
| IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt | 0 | 0 |
| IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt | 1 | 0 |
| IRS990/OtherRevenueTotalAmt | 0 | 2695935 |
| IRS990/PartialLiquidationInd | 0 | false |
| IRS990/PayPremiumsPrsnlBnftCntrctInd | 0 | false |
| IRS990/PoliticalCampaignActyInd | 0 | false |
| IRS990/PrincipalOfcrBusinessName/BusinessNameLine1Txt | 0 | JOYCE HENDERSON |
| IRS990/ProfessionalFundraisingInd | 0 | false |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 531310 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | STUDENT HOUSING |
| IRS990/ProgramServiceRevenueGrp/ExclusionAmt | 0 | 0 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt | 0 | 0 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990/PYExcessBenefitTransInd | 0 | false |
| IRS990/PYInvestmentIncomeAmt | 0 | 51369 |
| IRS990/PYOtherExpensesAmt | 0 | 2615879 |
| IRS990/PYOtherRevenueAmt | 0 | 188990 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 3167638 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 792118 |
| IRS990/PYTotalExpensesAmt | 0 | 2615879 |
| IRS990/PYTotalRevenueAmt | 0 | 3407997 |
| IRS990/QuidProQuoContributionsInd | 0 | false |
| IRS990/RcvFndsToPayPrsnlBnftCntrctInd | 0 | false |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 1319975 |
| IRS990/RegularMonitoringEnfrcInd | 0 | true |
| IRS990/RelatedEntityInd | 0 | false |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990/ReportInvestmentsOtherSecInd | 0 | false |
| IRS990/ReportLandBuildingEquipmentInd | 0 | true |
| IRS990/ReportOtherAssetsInd | 0 | true |
| IRS990/ReportOtherLiabilitiesInd | 0 | true |
| IRS990/ReportProgramRelatedInvstInd | 0 | false |
| IRS990/RevenueAmt | 0 | 0 |
| IRS990ScheduleA/CollegeOrganizationInd | 0 | X |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 0 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 0 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 0 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 0 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt | 0 | 3230309 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 4284270 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt | 0 | 7514579 |
| IRS990ScheduleA/InvestmentIncomeCYPct | 0 | 0 |
| IRS990ScheduleA/OtherIncome170Grp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/OtherSupportSumAmt | 0 | 0 |
| IRS990ScheduleA/PrivateFoundation170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 0.00000 |
| IRS990ScheduleA/PublicSupportCY509Pct | 0 | 0 |
| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 0.00000 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 0 |
| IRS990ScheduleA/PublicSupportTotal509Amt | 0 | 0 |
| IRS990ScheduleA/SubstantialContributorsTotAmt | 0 | 0 |
| IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 0 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 0 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 0 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 0 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 7514579 |
| IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt | 0 | 0 |
| IRS990/ScheduleBRequiredInd | 0 | false |
| IRS990ScheduleD/BuildingsGrp/BookValueAmt | 0 | 3258803 |
| IRS990ScheduleD/BuildingsGrp/DepreciationAmt | 0 | 9150685 |
| IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 12409488 |
| IRS990ScheduleD/EquipmentGrp/BookValueAmt | 0 | 48368 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 421440 |
| IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt | 0 | 469808 |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 1433145 |
| IRS990ScheduleD/LandGrp/BookValueAmt | 0 | 542828 |
| IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt | 0 | 0 |
| IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt | 0 | 542828 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt | 0 | 12192 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt | 0 | 2433939 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt | 0 | 2446131 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 0 | 0 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 1 | 0 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 2 | 2626380 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 3 | 0 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 4 | 0 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 5 | 0 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 6 | 5020630 |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 0 | SECURITY DEPOSITS |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 1 | TENANT RENT RECEIVBLE |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 2 | RESTRICTED CASH DEBT SERVICE |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 3 | DEFERRED BOND |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 4 | DUE FROM VSU TROJAN DEVELOPMENT COMPANY |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 5 | DUE FROM VSU FOUNDATION |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 6 | RESTRICTED CASH ECONOMIC DEVELOPMENT |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 280800 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 1 | 15526 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 2 | 0 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 3 | 0 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 4 | 5020630 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | INTEREST SWAP |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 1 | TENANT SECURITY DEPOSIT |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 2 | ACCRUED PROPERTY MANAGEMENT FEES |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 3 | LINE OF CREDIT |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 4 | REFUNDABLE ADVANCE |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 2753120 |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 3862191 |
| IRS990ScheduleD/TotalBookValueOtherAssetsAmt | 0 | 7647010 |
| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | 1433145 |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 5316956 |
| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 2753120 |
| IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt | 0 | 2753120 |
| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | 1433145 |
| IRS990ScheduleI/GrantRecordsMaintainedInd | 0 | false |
| IRS990ScheduleI/TotalOtherOrgCnt | 0 | 1 |
| IRS990/ScheduleJRequiredInd | 0 | false |
| IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd | 0 | A |
| IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd | 0 | false |
| IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd | 0 | A |
| IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd | 0 | false |
| IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd | 0 | false |
| IRS990ScheduleK/TaxExemptBondsArbitrageGrp/TermOfGICPct | 0 | 0.000000000000 |
| IRS990ScheduleK/TaxExemptBondsArbitrageGrp/TermOfHedgePct | 0 | 0.000000000000 |
| IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd | 0 | true |
| IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt | 0 | 2008-08-01 |
| IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN | 0 | 541300845 |
| IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd | 0 | A |
| IRS990ScheduleK/TaxExemptBondsIssuesGrp/CUSIPNum | 0 | 928104KL1 |
| IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd | 0 | false |
| IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt | 0 | 21845842 |
| IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt | 0 | VA SMALL BUSINESS FINANCING AUTHORITY |
| IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd | 0 | false |
| IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd | 0 | false |
| IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc | 0 | REFINANCING OF BONDS |
| IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyLeaseArrangementsInd | 0 | false |
| IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyResearchAgreementsInd | 0 | false |
| IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondReferenceCd | 0 | A |
| IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ChangeInUseBondFinancedPropInd | 0 | false |
| IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ChangeInUseBondFinancedPropPct | 0 | 0.00000 |
| IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/MgmtContractBondFincdPropInd | 0 | false |
| IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/OwningBondFinancedPropertyInd | 0 | false |
| IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/PrivateBusConcerningUBIPct | 0 | 0.00000 |
| IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/PrivateBusUseByOthersPct | 0 | 0.00000 |
| IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/TotalPrivateBusinessUsePct | 0 | 0.00000 |
| IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdequateBooksAndRecMaintInd | 0 | true |
| IRS990ScheduleK/TaxExemptBondsProceedsGrp/BondReferenceCd | 0 | A |
| IRS990ScheduleK/TaxExemptBondsProceedsGrp/CapitalExpendituresAmt | 0 | 20590368 |
| IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd | 0 | true |
| IRS990ScheduleK/TaxExemptBondsProceedsGrp/InReserveFundAmt | 0 | 1067675 |
| IRS990ScheduleK/TaxExemptBondsProceedsGrp/IssuanceCostsFromProceedsAmt | 0 | 187799 |
| IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxableBondsInd | 0 | false |
| IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxExemptBondsInd | 0 | true |
| IRS990ScheduleK/TaxExemptBondsProceedsGrp/TotalProceedsAmt | 0 | 21845842 |
| IRS990/ScheduleORequiredInd | 0 | true |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | CHANGE IN FAIR VALUE OF INTEREST RATE SWAP OBLIGATION |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | THE FINANCIAL STATEMENTS AND ALL GOVERNING DOCUMENTS ARE AVAILABLE FOR PUBLIC ACCESS UPON REQUEST |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | THE FORM 990 IS GIVEN TO THE EXECUTIVE DIRECTOR WHO REVIEWS IT AND GOES OVER WITH THE BOARD OF DIRECTORS FOR THEIR APPROVAL TO BE ISSUED. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | THE ORGANIZATION DID A VERBAL SURVEY OF OTHER STATE UNIVERSITIES IN VIRGINIA TO LEARN ABOUT COMPENSATION FOR THEIR FOUNDATION EXECUTIVE DIRECTOR AND ALSO REVIEWED SALARY DATA (FROM SALARY.COM) FOR FOUNDATION EXECUTIVE DIRECTORS WITHIN THE STATE OF VIRGINIA FOCUSING ON SALARY INFORMATION FOR PETERSBURG, RICHMOND AND NORFOLK. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | GREYSTAR WAS GRANTED MANAGEMENT DUTIES THROUGH JUNE 30, 2023, AND VIRGINIA STATE UNIVERSITY ASSUMED MANAGEMENT DUTIES EFFECTIVE JULY 1, 2023. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | POLICY IMPLEMENTED IN 2015. BOARD MEMBERS REQUIRED TO UPDATE THE CONFLICT OF INTEREST FORM ANNUALLY AND WHEN CIRCUMSTANCES CHANGE THE INFORMATION ON FILE. THE EXECUTIVE DIRECTOR IS RESPONSIBLE FOR SECURING THE ANNUAL UPDATES. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | PERSONNEL SERVICES 25. 25. 0. 0. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | POSTAGE 0. 0. 0. 0. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 8 | PROFESSIONAL FEES 205705. 83843. 121862. 0. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 9 | PROPERTY MANAGEMENT FEES 0. 0. 0. 0. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 10 | REPAIRS,MAINTENANCE 60203. 60203. 0. 0. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 11 | TELEPHONE 2609. 2609. 0. 0. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 12 | TRAINING 0. 0. 0. 0. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 13 | UTILITIES 132550. 132550. 0. 0. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 14 | BAD DEBT EXPENSE 0. 0. 0. 0. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 15 | ROUNDING DIFFERENCE 0. 0. 0. 0. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 16 | INSURANCE 3634. 3634. 0. 0. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 17 | CONTRIBUTIONS 67000. 67000. 0. 0. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Pt XI |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Pt VI, Line 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Pt VI, Line 11b |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Pt VI, Line 15a |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | Pt VI, Line 3 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | Pt VI, Line 12c |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | Form 990, Part IX, Line 24e |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 7 | Form 990, Part IX, Line 24e |
No mirrored PDF or thumbnail assets are attached yet.