Civic Intelligence

Longwood University Real Estate Foundation

990 • Fiscal year 2023 • EIN 20-1612906

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 07, 2024

315 West Third StreetFarmville, VA 23901

(434) 395-2086

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

95th percentile

1.11x

Higher debt load relative to assets than 95% of similar nonprofits.

2023 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2023

Liabilities / Revenue

97th percentile

11.30x

Higher debt load relative to revenue than 97% of similar nonprofits.

2023 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2023

Net Margin

9th percentile

-24%

Higher net margin than 9% of similar nonprofits.

2023 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2023

Top Officer Pay

3rd percentile

$85,978

Higher top officer pay than 3% of similar nonprofits.

Top officer pay equals 0.3% of source-year revenue.

2023 filings • 501(c)3 • $250M-$1B nonprofits • Source year 2023

Asset Growth

14th percentile

-4.1%

Faster asset growth than 14% of similar nonprofits.

2023 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2022 to 2023

Revenue Growth

74th percentile

13%

Faster revenue growth than 74% of similar nonprofits.

2023 filings • 501(c)3 • $250M-$1B nonprofits • Annualized from 2022 to 2023

Assets

Down

$301,484,487

Down $12,729,502 (-4.1%) from 2022

Net Assets

Down

-$33,585,992

Down $6,998,026 (-26%) from 2022

Liabilities

Down

$335,070,479

Down $5,731,476 (-1.7%) from 2022

Revenue

Up

$29,649,183

Up $3,410,009 (+13%) from 2022

Expenses

Up

$36,647,209

Up $4,317,810 (+13%) from 2022

Net Income

Down

-$6,998,026

Down $907,801 (-15%) from 2022

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$400M$200M$0-$200MAssets 2010: $50,857,707Liabilities 2010: $58,415,146Net Assets 2010: -$7,557,4392010Assets 2011: $52,366,028Liabilities 2011: $66,028,521Net Assets 2011: -$13,662,4932011Assets 2012: $73,822,828Liabilities 2012: $89,569,138Net Assets 2012: -$15,746,3102012Assets 2013: $93,619,784Liabilities 2013: $105,469,783Net Assets 2013: -$11,849,9992013Assets 2014: $93,039,666Liabilities 2014: $109,281,370Net Assets 2014: -$16,241,7042014Assets 2015: $117,048,120Liabilities 2015: $135,028,240Net Assets 2015: -$17,980,1202015Assets 2016: $130,726,325Liabilities 2016: $150,830,410Net Assets 2016: -$20,104,0852016Assets 2017: $219,514,375Liabilities 2017: $235,368,728Net Assets 2017: -$15,854,3532017Assets 2018: $350,893,618Liabilities 2018: $368,836,731Net Assets 2018: -$17,943,1132018Assets 2019: $243,760,552Liabilities 2019: $258,422,789Net Assets 2019: -$14,662,2372019Assets 2020: $272,226,716Liabilities 2020: $294,195,430Net Assets 2020: -$21,968,7142020Assets 2021: $322,438,396Liabilities 2021: $342,936,137Net Assets 2021: -$20,497,7412021Assets 2022: $314,213,989Liabilities 2022: $340,801,955Net Assets 2022: -$26,587,9662022Assets 2023: $301,484,487Liabilities 2023: $335,070,479Net Assets 2023: -$33,585,9922023Assets 2024: $298,140,860Liabilities 2024: $334,657,692Net Assets 2024: -$36,516,8322024

Highlighted filing

2023

Assets$301,484,487
Liabilities$335,070,479
Net Assets-$33,585,992

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$40M$20M$0-$20MExpenses 2010: $6,441,4542010Expenses 2011: $6,708,2632011Revenue 2012: $6,064,730Expenses 2012: $8,530,541Net Income 2012: -$2,465,8112012Revenue 2013: $7,725,542Expenses 2013: $8,627,192Net Income 2013: -$901,6502013Revenue 2014: $10,223,113Expenses 2014: $11,776,353Net Income 2014: -$1,553,2402014Revenue 2015: $9,066,248Expenses 2015: $11,009,657Net Income 2015: -$1,943,4092015Revenue 2016: $11,587,134Expenses 2016: $11,388,172Net Income 2016: $198,9622016Revenue 2017: $12,570,441Expenses 2017: $13,134,357Net Income 2017: -$563,9162017Revenue 2018: $15,629,631Expenses 2018: $16,146,006Net Income 2018: -$516,3752018Revenue 2019: $22,213,163Expenses 2019: $21,274,244Net Income 2019: $938,9192019Revenue 2020: $29,646,672Expenses 2020: $26,576,229Net Income 2020: $3,070,4432020Revenue 2021: $31,911,007Expenses 2021: $30,440,034Net Income 2021: $1,470,9732021Revenue 2022: $26,239,174Expenses 2022: $32,329,399Net Income 2022: -$6,090,2252022Revenue 2023: $29,649,183Expenses 2023: $36,647,209Net Income 2023: -$6,998,0262023Revenue 2024: $35,126,384Expenses 2024: $38,577,423Net Income 2024: -$3,451,0392024

Highlighted filing

2023

Revenue$29,649,183
Expenses$36,647,209
Net Income-$6,998,026
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 7, 2024
Return Version
2023v5.0
Gross Receipts
$32,402,834
Mission and Program Overview

Mission

The mission of the foundation is to acquire, develop, finance, lease, hold, operate, manage and dispose of real property assets and interests for longwood university.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$213,095,554$217,474,644▲ $4,379,090
Cash and Non-Interest-Bearing Accounts$12,534,699$4,725,882▼ $7,808,817
Prepaid Expenses and Deferred Charges$117,664$130,411▲ $12,747
Total Assets$314,213,989$301,484,487▼ $12,729,502
Other Assets Total$88,466,072$79,153,550▼ $9,312,522
Liabilities
Tax Exempt Bond Liabilities$292,435,000$292,435,000→ $0
Mortgage Notes Payable Secured by Investment Property$33,283,180$29,817,479▼ $3,465,701
Accounts Payable and Accrued Expenses$11,797,922$9,216,292▼ $2,581,630
Other Liabilities$2,164,880$2,150,061▼ $14,819
Unsecured Notes Loans Payable$1,120,973$1,451,647▲ $330,674
Total Liabilities$340,801,955$335,070,479▼ $5,731,476
Net Assets / Fund Balance
Net Assets With Donor Restrictions$16,377,515$429,778▼ $15,947,737
Net Assets Without Donor Restrictions$-42,965,481$-34,015,770▲ $8,949,711
Total Net Assets Fund Balance$-26,587,966$-33,585,992▼ $6,998,026
Total Liabilities and Net Assets / Fund Balance$314,213,989$301,484,487▼ $12,729,502

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$191,054,625$49,886,966$240,941,591
Land$17,335,191-$17,335,191
Other Land Buildings$6,970,500$8,876,294$15,846,794
Equipment$2,114,328$5,104,434$7,218,762
Other Assets Org$12,147,366--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Lori BlackwoodExecutive DiFT-$85,978$85,978
Louise W WallerDirectorPT$85,500-$85,500

Highest Paid Contractors

ContractorServicesLocationCompensation
Skanska USA Building INCConstruction8521 LEESBURG PIKE, SUITE 220, Vienna, VA 22182$9,617,832
Jm Hayden ConstructionConstruction946 TALLENT TOWN RD, SUITE 502, Warsaw, VA 22572$546,031
Rrmm Architects PCArchitectual115 S 15TH ST, SUITE 100, Richmond, VA 23219$303,310
Disys Solutions INCIt Solutions44670 CAPE CT, Ashburn, VA 20147$135,468
Revenue and Support

Revenue Composition

Contributions and Grants
$1,308,875
Program Service Revenue
$26,688,925
Investment Income
$1,659,323
Other Revenue
$-7,940
All Other Contributions
$1,308,875
Change in Net Assets
$-6,998,026

Audited Revenue Reconciliation

Revenue per Audited Statements
$30,012,975
Revenue Not Reported on Financial Statements
$-363,792
Other Revenue Adjustments
$-363,792
Total Revenue per Audited Statements
$30,012,975
Total Revenue per Form 990
$29,649,183
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$31,057,854
Grants and Similar Amounts Paid$5,270,000
Salaries, Compensation, and Employee Benefits$319,355
Total Fundraising Expense$13,198
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$14,367,781--$14,367,781
Depreciation Depletion$7,368,952--$7,368,952
Occupancy$5,833,281--$5,833,281
Grants to Domestic Orgs$5,270,000--$5,270,000
Insurance$640,460$7,640-$648,100
Fees for Services Other$73,324$135,818$360$209,502
Other Salaries and Wages$81,833$48,890$8,338$139,061
Current Officers, Directors, Trustees, and Key Employees$89,226$47,956-$137,182
Other Expenses$101,933--$101,933
Office Expenses-$79,309-$79,309
Fees for Services Accounting-$59,414-$59,414
Fees for Services Legal$57,010$910-$57,920
Other Employee Benefits$10,807$24,347$187$35,341
Payroll Taxes$3,458-$4,313$7,771
Total Functional Expenses$36,229,727$404,284$13,198$36,647,209

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$37,011,001
Expenses per Audited Statements$36,647,209
Total Expenses per Form 990$36,647,209
Expenses Not Reported on Form 990$363,792
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Longwood UniversityFarmville, VAGovGeneral Support$5,240,000
Prince Edward Co Vol Rescue SquadFarmville, VA501c3General Operations$30,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Bond Discount & Premium$8,616,921
Loan Costs$-6,466,860

Bond Issues

BondIssuerIssuedIssue PricePurpose
BIda of Town of Farmville Va 2020a2020-06-25$121,625,000The refunding of series 2017 bonds, acquisition of leasehold interest, and refinancing of debt.
AIda of Town of Farmville Va 2018a2018-12-20$120,910,000To refund series 2015 bonds, finance any reserves, and pay cost of issuance required under the 2018
CIda of Town of Farmville Va 20212021-03-29$49,900,000Financing the construction and equipping of a multipurpose special events and convocation center fac

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
B$126,771,074$123,457,233-$2,734,033
A$126,101,846$121,393,307-$2,290,998
C$49,900,000--$998,000

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

A draft copy of the 990 is given to the executive director and the board members for a period of time for changes before the 990 is filed. The final form 990 is presented at the preceeding board of trustees meeting and all board members are provided a copy to review and ask questions.

Form 990, Page 6, Part VI, Line 15A

Salaries are approved by longwood university.

Form 990, Page 6, Part VI, Line 15B

All salaries are approved by longwood university

Form 990, Page 6, Part VI, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statement available upon request.

Filing and Contact Details

Filer

Filer Name
Longwood University
EIN
20-1612906
Phone
4343952086
Address
315 WEST THIRD STREET, FARMVILLE, VA 23901

Signing Officer

Name
Lori Blackwood
Title
Executive Director
Phone
4343952086
Signed
2024-11-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lori Blackwood
Formed
2004
Legal Domicile
Va
Voting Board Members
17
Independent Board Members
8
Employees
16

Preparer

Firm
J Brocklehurst CPA Pllc
Address
3900 WESTERRE PARKWAY SUITE 300, RICHMOND, VA 23233
Preparer
Janet L Brocklehurst
Phone
8047290023
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Rental expense offsetting income 363,792 rental expenses -363,792

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 4B

Rental expense offsetting income -363,792

Schedule D, Page 4, Part XII, Line 2D

RENTAL EXPENSES 363,792

Raw XML AppendixShowing 400 of 786 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/PersonNm10MATT MCGREGOR
IRS990/Form990PartVIISectionAGrp/PersonNm11E DUFFY MYRTETUS
IRS990/Form990PartVIISectionAGrp/PersonNm12CAMERON PATTERSON
IRS990/Form990PartVIISectionAGrp/PersonNm13SHERRY SWINSON
IRS990/Form990PartVIISectionAGrp/PersonNm14LUCIA ANNA PIA TRIGIANI
IRS990/Form990PartVIISectionAGrp/PersonNm15HUNTER WATSON
IRS990/Form990PartVIISectionAGrp/PersonNm16SHERRI MOORE
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/TitleTxt0EXECUTIVE DI
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16SECRETARY
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/Form990TFiledInd0true
IRS990/FormationYr02004
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GainOrLossGrp/OtherAmt06175
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt017
IRS990/GrantAmt05270000
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt05270000
IRS990/GrantsToDomesticOrgsGrp/TotalAmt05270000
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0true
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/OtherAmt02500000
IRS990/GrossReceiptsAmt032402834
IRS990/GrossRentsGrp/RealAmt0355852
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt08
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt07640
IRS990/InsuranceGrp/ProgramServicesAmt0640460
IRS990/InsuranceGrp/TotalAmt0648100
IRS990/InterestGrp/ProgramServicesAmt014367781
IRS990/InterestGrp/TotalAmt014367781
IRS990/InvestmentIncomeGrp/ExclusionAmt01653148
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01653148
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt034
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt063867694
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0213095554
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0217474644
IRS990/LandBldgEquipCostOrOtherBssAmt0281342338
IRS990/LegalDomicileStateCd0VA
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt02493825
IRS990/LessRentalExpensesGrp/RealAmt0363792
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0THE MISSION OF THE FOUNDATION IS TO ACQUIRE, DEVELOP, FINANCE, LEASE, HOLD, OPERATE, MANAGE AND DISPOSE OF REAL PROPERTY ASSETS AND INTERESTS FOR LONGWOOD UNIVERSITY.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt033283180
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt029817479
IRS990/NetAssetsOrFundBalancesBOYAmt0-26587966
IRS990/NetAssetsOrFundBalancesEOYAmt0-33585992
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt06175
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt06175
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0-7940
IRS990/NetRentalIncomeOrLossGrp/UnrelatedBusinessRevenueAmt0-7940
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-42965481
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-34015770
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt05833281
IRS990/OccupancyGrp/TotalAmt05833281
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt079309
IRS990/OfficeExpensesGrp/TotalAmt079309
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt088466072
IRS990/OtherAssetsTotalGrp/EOYAmt079153550
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt0187
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt024347
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt010807
IRS990/OtherEmployeeBenefitsGrp/TotalAmt035341
IRS990/OtherExpensesGrp/Desc0FACILITY MANAGEMENT COSTS
IRS990/OtherExpensesGrp/Desc1DESIGN & OTHER PROP COSTS
IRS990/OtherExpensesGrp/Desc2MITIGATION BANK COSTS
IRS990/OtherExpensesGrp/Desc3OTHER PROGRAM EXP
IRS990/OtherExpensesGrp/ProgramServicesAmt01481878
IRS990/OtherExpensesGrp/ProgramServicesAmt1588022
IRS990/OtherExpensesGrp/ProgramServicesAmt2261762
IRS990/OtherExpensesGrp/ProgramServicesAmt3101933
IRS990/OtherExpensesGrp/TotalAmt01481878
IRS990/OtherExpensesGrp/TotalAmt1588022
IRS990/OtherExpensesGrp/TotalAmt2261762
IRS990/OtherExpensesGrp/TotalAmt3101933
IRS990/OtherLiabilitiesGrp/BOYAmt02164880
IRS990/OtherLiabilitiesGrp/EOYAmt02150061
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt08338
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt048890
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt081833
IRS990/OtherSalariesAndWagesGrp/TotalAmt0139061
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt04313
IRS990/PayrollTaxesGrp/ProgramServicesAmt03458
IRS990/PayrollTaxesGrp/TotalAmt07771
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0117664
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0130411
IRS990/PrincipalOfficerNm0LORI BLACKWOOD
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531190
IRS990/ProgramServiceRevenueGrp/BusinessCd2531390
IRS990/ProgramServiceRevenueGrp/Desc0RENT
IRS990/ProgramServiceRevenueGrp/Desc1OTHER PROGRAM REVENUE
IRS990/ProgramServiceRevenueGrp/Desc2PARKING
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt025211176
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11364990
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2112759
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt025211176
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11364990
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2112759
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0687632
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt02030000
IRS990/PYInvestmentIncomeAmt0794528
IRS990/PYOtherExpensesAmt029984402
IRS990/PYOtherRevenueAmt042246
IRS990/PYProgramServiceRevenueAmt024714768
IRS990/PYRevenuesLessExpensesAmt0-6090225
IRS990/PYSalariesCompEmpBnftPaidAmt0314997
IRS990/PYTotalExpensesAmt032329399
IRS990/PYTotalRevenueAmt026239174
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-6998026
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt0-7940
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt026688925
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd0true
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd0false
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE REAL ESTATE FOUNDATION BOARD OF DIRECTORS IS APPOINTED BY LONGWOOD UNIVERSITY BOARD OF VISITORS AND INCLUDES 4 EX-OFFICIO DIRECTORS THAT HOLD OFFICIAL POSITIONS AT THE UNIVERSITY.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1THE FOUNDATION PROVIDES LEASING OF STUDENT HOUSING AND OTHER STUDENT RELATED FACILITIES TO LONGWOOD UNIVERSITY (THE SUPPORTED ORGANIZATION) AND SUPPORTS GENERAL REAL ESTATE AND PROPERTY MANAGEMENT FOR THE UNIVERSITY. IN ADDITION TO ANY MONETARY SUPPORT, THE FOUNDATION PROVIDES ACCESS TO THE FACILITIES UNDER LEASE AGREEMENTS, AND PAYS MANAGEMENT AND OTHER ANCILLARY SERVICE FEES TO THE UNIVERSITY. SEE SCHEDULE R.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART IV, SECTION C, LINE 1
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1SUPPLEMENTAL INFORMATION
IRS990ScheduleA/MajorityDirTrstSupportedOrgInd0false

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$298$335$36.5$35.1$38.6$3.45
2023Detailed filing. Detailed filing data is available for this year.$301$335$33.6$29.6$36.6$7.00
2022Detailed filing. Detailed filing data is available for this year.$314$341$26.6$26.2$32.3$6.09
2021Detailed filing. Detailed filing data is available for this year.$322$343$20.5$31.9$30.4$1.47
2020Detailed filing. Detailed filing data is available for this year.$272$294$22.0$29.6$26.6$3.07
2019Detailed filing. Detailed filing data is available for this year.$244$258$14.7$22.2$21.3$0.94
2018Detailed filing. Detailed filing data is available for this year.$351$369$17.9$15.6$16.1$0.52
2017Detailed filing. Detailed filing data is available for this year.$220$235$15.9$12.6$13.1$0.56
2016Detailed filing. Detailed filing data is available for this year.$131$151$20.1$11.6$11.4$0.20
2015Detailed filing. Detailed filing data is available for this year.$117$135$18.0$9.07$11.0$1.94
2014Detailed filing. Detailed filing data is available for this year.$93.0$109$16.2$10.2$11.8$1.55
2013Detailed filing. Detailed filing data is available for this year.$93.6$105$11.8$7.73$8.63$0.90
2012Summary only. Only limited summary data is available for this year.$73.8$89.6$15.7$6.06$8.53$2.47
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$52.4$66.0$13.7$6.71
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$50.9$58.4$7.56$6.44