Civic Intelligence

Nsu Facilities Corporation

EIN 20-2836756 • 501(c)3 • Thibodaux, LA

Profile

To promote, assist and benefit the mission of nicholls state university through the acquisition, development, management, leasing as lessor or lessee, mortgaging and/or conveying student housing and facilities on the campus of the university.

101 St Louis StThibodaux, LA 70301

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

97th percentile

1.24x

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

501(c)3 • $25M-$50M nonprofits • Source year 2025

Liabilities / Revenue

96th percentile

7.61x

Higher debt load relative to revenue than 96% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2025

Net Margin

76th percentile

21%

Higher net margin than 76% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2025

Top Officer Pay

9th percentile

$0

Higher top officer pay than 9% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • $25M-$50M nonprofits • Source year 2025

Asset Growth

7th percentile

-13%

Faster asset growth than 7% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2024 to 2025

Revenue Growth

18th percentile

-9.4%

Faster revenue growth than 18% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets97th percentile

Assets

Down

$35,885,090

Down $5,321,595 (-13%) from 2024

Liabilities

Down

$44,513,566

Down $4,749,061 (-9.6%) from 2024

Net Assets

Down

-$8,628,476

Down $572,534 (-7.1%) from 2024

Operations
Liabilities / Revenue96th percentileNet Margin76th percentile

Revenue

Down

$5,847,291

Down $609,639 (-9.4%) from 2024

Expenses

Down

$4,630,535

Down $997,918 (-18%) from 2024

Net Income

Up

$1,216,756

Up $388,279 (+47%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth7th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$100M$50M$0-$50MAssets 2010: $59,499,894Liabilities 2010: $58,432,258Net Assets 2010: $1,067,6362010Assets 2011: $75,660,858Liabilities 2011: $75,136,193Net Assets 2011: $524,6652011Assets 2012: $75,065,886Liabilities 2012: $74,652,350Net Assets 2012: $413,5362012Assets 2013: $73,051,957Liabilities 2013: $72,143,523Net Assets 2013: $908,4342013Assets 2014: $70,527,719Liabilities 2014: $70,442,868Net Assets 2014: $84,8512014Assets 2015: $68,576,734Liabilities 2015: $68,748,404Net Assets 2015: -$171,6702015Assets 2016: $65,481,664Liabilities 2016: $66,969,730Net Assets 2016: -$1,488,0662016Assets 2017: $60,220,662Liabilities 2017: $73,025,275Net Assets 2017: -$12,804,6132017Assets 2018: $56,913,026Liabilities 2018: $68,666,144Net Assets 2018: -$11,753,1182018Assets 2019: $53,862,316Liabilities 2019: $68,591,489Net Assets 2019: -$14,729,1732019Assets 2020: $51,009,339Liabilities 2020: $70,009,245Net Assets 2020: -$18,999,9062020Assets 2021: $48,403,666Liabilities 2021: $64,982,131Net Assets 2021: -$16,578,4652021Assets 2022: $45,615,320Liabilities 2022: $57,497,183Net Assets 2022: -$11,881,8632022Assets 2023: $42,976,013Liabilities 2023: $52,694,432Net Assets 2023: -$9,718,4192023Assets 2024: $41,206,685Liabilities 2024: $49,262,627Net Assets 2024: -$8,055,9422024Assets 2025: $35,885,090Liabilities 2025: $44,513,566Net Assets 2025: -$8,628,4762025

Highlighted filing

2025

Assets$35,885,090
Liabilities$44,513,566
Net Assets-$8,628,476
Open 2025 Filing

Operations Trend

Revenue Growth18th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$10M$5.0M$0-$5.0MExpenses 2010: $5,215,4092010Expenses 2011: $5,571,5612011Expenses 2012: $5,940,4432012Expenses 2013: $5,611,2842013Revenue 2014: $5,628,152Expenses 2014: $6,451,735Net Income 2014: -$823,5832014Revenue 2015: $6,550,780Expenses 2015: $6,807,301Net Income 2015: -$256,5212015Revenue 2016: $5,834,785Expenses 2016: $7,151,181Net Income 2016: -$1,316,3962016Revenue 2017: $6,054,314Expenses 2017: $6,914,861Net Income 2017: -$860,5472017Revenue 2018: $5,635,633Expenses 2018: $7,068,138Net Income 2018: -$1,432,5052018Revenue 2019: $6,063,197Expenses 2019: $6,635,252Net Income 2019: -$572,0552019Revenue 2020: $6,003,022Expenses 2020: $6,476,755Net Income 2020: -$473,7332020Revenue 2021: $5,665,961Expenses 2021: $6,338,034Net Income 2021: -$672,0732021Revenue 2022: $5,948,880Expenses 2022: $6,154,378Net Income 2022: -$205,4982022Revenue 2023: $6,105,950Expenses 2023: $6,116,506Net Income 2023: -$10,5562023Revenue 2024: $6,456,930Expenses 2024: $5,628,453Net Income 2024: $828,4772024Revenue 2025: $5,847,291Expenses 2025: $4,630,535Net Income 2025: $1,216,7562025

Highlighted filing

2025

Revenue$5,847,291
Expenses$4,630,535
Net Income$1,216,756
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$35,885,090
Liabilities
$44,513,566
Net assets
-$8,628,476
Revenue
$5,847,291
Expenses
$4,630,535
Net income
$1,216,756
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$35.9$44.5$8.63$5.85$4.63$1.22
2024Summary only. Only limited summary data is available for this year.$41.2$49.3$8.06$6.46$5.63$0.83
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$43.0$52.7$9.72$6.11$6.12$0.01
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$45.6$57.5$11.9$5.95$6.15$0.21
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$48.4$65.0$16.6$5.67$6.34$0.67
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$51.0$70.0$19.0$6.00$6.48$0.47
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$53.9$68.6$14.7$6.06$6.64$0.57
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$56.9$68.7$11.8$5.64$7.07$1.43
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$60.2$73.0$12.8$6.05$6.91$0.86
2016Detailed filing. Detailed filing data is available for this year.$65.5$67.0$1.49$5.83$7.15$1.32
2015Detailed filing. Detailed filing data is available for this year.$68.6$68.7$0.17$6.55$6.81$0.26
2014Detailed filing. Detailed filing data is available for this year.$70.5$70.4$0.08$5.63$6.45$0.82
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$73.1$72.1$0.91$5.61
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$75.1$74.7$0.41$5.94
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$75.7$75.1$0.52$5.57
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$59.5$58.4$1.07$5.22
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Nov 12, 2025
Return Version
2024v5.2
Gross Receipts
$5,847,291
Mission and Program Overview

Mission

To promote, assist, and benefit the mission of NSU through the acquisition, construction, development, management, leasing as lessor or lessee, mortgaging and/or conveying student housing facilities as well as other buildings and improvements on the campus of the University.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$29,921,532$28,239,101▼ $1,682,431
Savings and Temporary Cash Investments$5,917,866$6,231,390▲ $313,524
Investments in Publicly Traded Securities$4,828,276$730,577▼ $4,097,699
Accounts Receivable$43,098$22,808▼ $20,290
Cash and Non-Interest-Bearing Accounts$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$41,206,685$35,885,090▼ $5,321,595
Other Assets Total$495,913$661,214▲ $165,301
Liabilities
Tax Exempt Bond Liabilities$39,949,742$38,575,896▼ $1,373,846
Deferred Revenue$4,341,708$4,073,246▼ $268,462
Mortgage Notes Payable Secured by Investment Property$4,585,384$1,549,955▼ $3,035,429
Accounts Payable and Accrued Expenses$275,668$314,469▲ $38,801
Other Liabilities$110,125$0▼ $110,125
Grants Payable$0$0→ $0
Total Liabilities$49,262,627$44,513,566▼ $4,749,061
Net Assets / Fund Balance
Net Assets With Donor Restrictions$0$0→ $0
Net Assets Without Donor Restrictions$-8,055,942$-8,628,476▼ $572,534
Total Net Assets Fund Balance$-8,055,942$-8,628,476▼ $572,534
Total Liabilities and Net Assets / Fund Balance$41,206,685$35,885,090▼ $5,321,595

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$26,118,585$44,802,435$70,921,020
Leasehold Improvements$1,987,811$5,336,651$7,324,462
Other Land Buildings$26$2,905,398$2,905,424
Equipment$132,679$14,028$146,707
Land$0--
Compensation and Service Providers
Top Officer Pay9th percentile

Board Members and Trustees

NameTitle
Joseph KolweChairperson
Henry J Lafont JrVice-Chairperson
Michele CarusoBoard Member
Terry P Braud JrBoard Member
Joseph Kolwe-
Jerry LedetSecretary/Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$5,472,955
Investment Income
$374,336
Other Revenue
$0
Change in Net Assets
$1,216,756

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,847,291
Total Revenue per Audited Statements
$5,847,291
Total Revenue per Form 990
$5,847,291
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,630,535
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$2,133,902$0$0$2,133,902
Interest$2,097,119$0$0$2,097,119
Fees for Services Accounting$0$20,050$0$20,050
Fees for Service Investment Mgmnt Fees$4,500$0$0$4,500
Other Expenses$0$2,999$0$2,999
Total Functional Expenses$4,607,486$23,049$0$4,630,535

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$6,419,825
Expenses per Audited Statements$4,630,535
Total Expenses per Form 990$4,630,535
Expenses Not Reported on Form 990$1,789,290
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Unamortized Swap Interest$0

Bond Issues

BondIssuerIssuedIssue PricePurpose
ALA Local Govt Env Facilities and Comm Dev Auth2007-08-23$49,733,948Acquisition and construction
DLA Local Govt Env Facilities and Comm Dev Auth2024-10-03$32,860,000Refund and redeem 2007B bonds
CLA Local Govt Env Facilities and Comm Dev Auth2021-03-01$8,415,000Refinance 2010 bonds
BLA Local Govt Env Facilities and Comm Dev Auth2016-02-16$1,975,000Refinance 2006 bonds

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$49,733,948$2,913,406$49,733,948$824,192
D$32,860,000-$1,700,000$22,752
C$8,415,000-$1,090,000$48,699
B$1,975,000-$1,975,000$61,767

Bond Financing Compliance

Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Corrective action procedures
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
NSU Facilities Corporation
EIN
20-2836756
Phone
9854484066
Address
101 St Louis St, Thibodaux, LA 70301

Signing Officer

Name
Joseph Kolwe
Title
Chairman
Phone
9854484066
Signed
2025-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joseph Kolwe
Formed
2002
Legal Domicile
La
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
0

Preparer

Firm
Martin & Pellegrin CPA's PC
Address
103 Ramey Road, Houma, LA 70360
Preparer
Richard C Martin
Phone
9858513638
Supplemental Narrative

Additional Explanations

Pt VI, Line 8B

“There are no committees with authority to act on behalf of the governing body.”

Pt VI, Line 11B

“Form 990 is distributed to board members by e-mail prior to filing.”

Pt VI, Line 15A

“The Corporation has no employees, and all board members serve as volunteers with no compensation.”

Pt VI, Line 15B

“The Corporation has no employees, and all board members serve as volunteers with no compensation.”

Pt VI, Line 19

“Information is made available to the public upon request.”

Pt XI

“Line 9 is the sum of a loss on interest rate swap in the amount of $1,081,500 and a loss on refinance in the amount of $707,790, providing a $1,789,290 decrease in net assets.”

Pt XII, Line 2C

“No change from prior year.”

Pt VI, Line 6

“The Corporation had 5 board members.”

Pt VI, Line 7A

“Board members can elect other members to the Board.”

Pt VI, Line 7B

“Decisions are voted on by the board members.”

Financial Statement Notes

Pt X, Line 2

“Accounting principles generally accepted in the United States of America provide accounting and disclosure guidance about positions taken by an entity in its tax returns that might be uncertain. The Corporation believes it has appropriate support for any tax positions taken, and as such, does not have any uncertain tax positions that are material to the financial statements.”

Pt XII, Line 2D

“Loss on interest rate swap in the amount of $1,081,500 and loss on refinance of $707,790.”

Raw XML AppendixShowing 400 of 668 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/PersonNm1Henry J Lafont Jr
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IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt04828276
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0730577
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IRS990/IRPDocumentW2GCnt00
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IRS990/LandBldgEquipBasisNetGrp/EOYAmt028239101
IRS990/LandBldgEquipCostOrOtherBssAmt081297613
IRS990/LegalDomicileStateCd0LA
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IRS990/LoansFromOfficersDirectorsGrp/BOYAmt00
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IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0false
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0To promote, assist, and benefit the mission of NSU through the acquisition, construction, development, management, leasing as lessor or lessee, mortgaging and/or conveying student housing facilities as well as other buildings and improvements on the campus of the University.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt04585384
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt01549955
IRS990/NetAssetsOrFundBalancesBOYAmt0-8055942
IRS990/NetAssetsOrFundBalancesEOYAmt0-8628476
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-8055942
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-8628476
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0495913
IRS990/OtherAssetsTotalGrp/EOYAmt0661214
IRS990/OtherChangesInNetAssetsAmt0-1789290
IRS990/OtherExpensesGrp/Desc0Repairs and maintenance
IRS990/OtherExpensesGrp/Desc1Bond discounts, bond issuance costs, and premiums
IRS990/OtherExpensesGrp/Desc2Bank fees
IRS990/OtherExpensesGrp/Desc3Equipment
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/FundraisingAmt30
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt10
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt20
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt32999
IRS990/OtherExpensesGrp/ProgramServicesAmt0349064
IRS990/OtherExpensesGrp/ProgramServicesAmt117251
IRS990/OtherExpensesGrp/ProgramServicesAmt25650
IRS990/OtherExpensesGrp/ProgramServicesAmt30
IRS990/OtherExpensesGrp/TotalAmt0349064
IRS990/OtherExpensesGrp/TotalAmt117251
IRS990/OtherExpensesGrp/TotalAmt25650
IRS990/OtherExpensesGrp/TotalAmt32999
IRS990/OtherLiabilitiesGrp/BOYAmt0110125
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0Joseph Kolwe
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IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0Lease Income
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IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0551315
IRS990/PYOtherExpensesAmt05628453
IRS990/PYProgramServiceRevenueAmt05905615
IRS990/PYRevenuesLessExpensesAmt0828477
IRS990/PYTotalExpensesAmt05628453
IRS990/PYTotalRevenueAmt06456930
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IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt01216756
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt05472955
IRS990/SavingsAndTempCashInvstGrp/BOYAmt05917866
IRS990/SavingsAndTempCashInvstGrp/EOYAmt06231390
IRS990ScheduleA/CollegeOrganizationInd0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt05472955
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt05905615
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt05772465
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt05946137
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt05665152
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt028762324
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0374336
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0551315
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0333485
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt02743
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0809
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01262688
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PublicSupportCY170Pct00.95790
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportPY170Pct00.96800
IRS990ScheduleA/PublicSupportTotal170Amt028762324
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt05472955
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt05905615
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt05772465
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt05946137
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt05665152
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt028762324
IRS990ScheduleA/TotalSupportAmt030025012
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt026118585
IRS990ScheduleD/BuildingsGrp/DepreciationAmt044802435
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt070921020
IRS990ScheduleD/EquipmentGrp/BookValueAmt0132679
IRS990ScheduleD/EquipmentGrp/DepreciationAmt014028
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0146707
IRS990ScheduleD/ExpensesNotReportedAmt01789290
IRS990ScheduleD/ExpensesSubtotalAmt04630535
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt01987811
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt05336651
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt07324462
IRS990ScheduleD/OtherExpensesIncludedAmt01789290
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt026
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt02905398
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt02905424
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Unamortized Swap Interest
IRS990ScheduleD/RevenueSubtotalAmt05847291
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Accounting principles generally accepted in the United States of America provide accounting and disclosure guidance about positions taken by an entity in its tax returns that might be uncertain. The Corporation believes it has appropriate support for any tax positions taken, and as such, does not have any uncertain tax positions that are material to the financial statements.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Loss on interest rate swap in the amount of $1,081,500 and loss on refinance of $707,790.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt X, Line 2
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt XII, Line 2d
IRS990ScheduleD/TotalBookValueLandBuildingsAmt028239101
IRS990ScheduleD/TotalExpensesPerForm990Amt04630535
IRS990ScheduleD/TotalLiabilityAmt00
IRS990ScheduleD/TotalRevenuePerForm990Amt05847291
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05847291
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt06419825
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Joseph Kolwe
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd0A
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd1B
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd2C
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd3D
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd0false
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd1false
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd2false
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd3false
IRS990ScheduleK/SupplementalInformationDetail/ExplanationTxt0Part IV, 4b, under Column A - Original provider of swap agreement was Morgan Keegan Financial Products, Inc. Upon remarketing, the original provider assigned its rights to Deutsche Bank AG, New York Branch (replacement provider).
IRS990ScheduleK/SupplementalInformationDetail/FormAndLineReferenceDesc0Other
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd1B
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd2C
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd3D
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd1false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd2false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd3false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd1false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd2false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd3false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd1false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd2false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd3false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd0true
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd1false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd2false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd3false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeProviderName/BusinessNameLine1Txt0Morgan Keegan Fin
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeTerminatedInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/SuperintegratedHedgeInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/TermOfGICPct00.000000000000
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/TermOfGICPct10.000000000000
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/TermOfGICPct20.000000000000
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/TermOfGICPct30.000000000000
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/TermOfHedgePct00.219000000000
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/TermOfHedgePct10.000000000000
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/TermOfHedgePct20.000000000000
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/TermOfHedgePct30.000000000000
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd0true
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd1false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd2false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd3false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd1false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd2false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd3false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt02007-08-23

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