Civic Intelligence

Middle Georgia State University Real Estate Foundation Inc

990 • Fiscal year 2017 • EIN 23-7356941

Jul 01, 2016 to Jun 30, 2017 • Filed on Nov 17, 2017

Organization ProfileN/A
100 University ParkwayMacon, GA 31206

(478) 757-2500

Siviq Scores

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

Liabilities / Assets

86th percentile

0.87x

Higher debt load relative to assets than 86% of similar nonprofits.

2017 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2017

Liabilities / Revenue

98th percentile

17.65x

Higher debt load relative to revenue than 98% of similar nonprofits.

2017 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2017

Net Margin

70th percentile

12%

Higher net margin than 70% of similar nonprofits.

2017 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2017

Top Officer Pay

35th percentile

$355,942

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 6.6% of source-year revenue.

2017 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2017

Asset Growth

17th percentile

-1.6%

Faster asset growth than 17% of similar nonprofits.

2017 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2016 to 2017

Revenue Growth

30th percentile

-0.1%

Faster revenue growth than 30% of similar nonprofits.

2017 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets86th percentile

Assets

Down

$110,347,632

Down $1,751,192 (-1.6%) from 2016

Net Assets

Up

$14,467,634

Up $626,886 (+4.5%) from 2016

Liabilities

Down

$95,879,998

Down $2,378,078 (-2.4%) from 2016

Revenue And Expenses
Liabilities / Revenue98th percentileNet Margin70th percentile

Revenue

Down

$5,432,257

Down $6,390 (-0.1%) from 2016

Expenses

Up

$4,805,371

Up $376 (+0.0%) from 2016

Net Income

Down

$626,886

Down $6,766 (-1.1%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth17th percentile

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

$150M$100M$50M$0Assets 2010: $76,635,625Liabilities 2010: $64,780,750Net Assets 2010: $11,854,8752010Assets 2011: $76,853,469Liabilities 2011: $66,185,377Net Assets 2011: $10,668,0922011Assets 2012: $75,590,683Liabilities 2012: $64,478,027Net Assets 2012: $11,112,6562012Assets 2014: $114,029,329Liabilities 2014: $101,546,921Net Assets 2014: $12,482,4082014Assets 2015: $113,731,191Liabilities 2015: $100,524,095Net Assets 2015: $13,207,0962015Assets 2016: $112,098,824Liabilities 2016: $98,258,076Net Assets 2016: $13,840,7482016Assets 2017: $110,347,632Liabilities 2017: $95,879,998Net Assets 2017: $14,467,6342017Assets 2018: $101,020,532Liabilities 2018: $94,325,949Net Assets 2018: $6,694,5832018Assets 2019: $38,406,987Liabilities 2019: $32,714,599Net Assets 2019: $5,692,3882019Assets 2021: $37,227,281Liabilities 2021: $31,034,768Net Assets 2021: $6,192,5132021Assets 2022: $39,301,200Liabilities 2022: $30,163,647Net Assets 2022: $9,137,5532022Assets 2023: $39,828,262Liabilities 2023: $29,202,127Net Assets 2023: $10,626,1352023Assets 2024: $49,833,573Liabilities 2024: $38,825,087Net Assets 2024: $11,008,4862024Assets 2025: $48,050,171Liabilities 2025: $37,049,175Net Assets 2025: $11,000,9962025

Highlighted filing

2017

Assets$110,347,632
Liabilities$95,879,998
Net Assets$14,467,634
Open 2017 Filing

Operations Trend

Revenue Growth30th percentile

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

$10M$5.0M$0-$5.0M-$10MExpenses 2010: $3,444,7302010Expenses 2011: $3,495,8722011Expenses 2012: $5,018,2832012Revenue 2014: $4,454,249Expenses 2014: $4,071,128Net Income 2014: $383,1212014Revenue 2015: $5,553,803Expenses 2015: $4,829,115Net Income 2015: $724,6882015Revenue 2016: $5,438,647Expenses 2016: $4,804,995Net Income 2016: $633,6522016Revenue 2017: $5,432,257Expenses 2017: $4,805,371Net Income 2017: $626,8862017Revenue 2018: -$3,116,906Expenses 2018: $4,656,145Net Income 2018: -$7,773,0512018Revenue 2019: $701,171Expenses 2019: $1,703,366Net Income 2019: -$1,002,1952019Revenue 2021: $1,709,988Expenses 2021: $1,477,245Net Income 2021: $232,7432021Revenue 2022: $4,417,348Expenses 2022: $1,449,480Net Income 2022: $2,967,8682022Revenue 2023: $2,943,316Expenses 2023: $1,451,759Net Income 2023: $1,491,5572023Revenue 2024: $1,736,893Expenses 2024: $1,366,785Net Income 2024: $370,1082024Revenue 2025: $2,385,236Expenses 2025: $2,403,261Net Income 2025: -$18,0252025

Highlighted filing

2017

Revenue$5,432,257
Expenses$4,805,371
Net Income$626,886
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Nov 17, 2017
Return Version
2016v3.0
Gross Receipts
$5,432,257
Mission and Program Overview

Mission

To provide support to middle georgia state university by acquiring, developing and maintaining land and/or facilities for the benefit of the university.

To provide support to middle georgia state university by acquiring, developing, and maintaining land and/or facilities for the benefit of the university.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$95,419,820$93,915,232▼ $1,504,588
Investments Other Securities$14,531,082$15,381,804▲ $850,722
Land, Buildings, and Equipment, Net$16,332$789,332▲ $773,000
Cash and Non-Interest-Bearing Accounts$313,462$261,264▼ $52,198
Total Assets$112,098,824$110,347,632▼ $1,751,192
Other Assets Total$1,818,128--
Liabilities
Tax Exempt Bond Liabilities$95,958,810$92,797,763▼ $3,161,047
Accounts Payable and Accrued Expenses$2,299,266$2,309,235▲ $9,969
Mortgage Notes Payable Secured by Investment Property-$773,000-
Total Liabilities$98,258,076$95,879,998▼ $2,378,078
Net Assets / Fund Balance
Unrestricted Net Assets$13,840,748$14,467,634▲ $626,886
Total Net Assets Fund Balance$13,840,748$14,467,634▲ $626,886
Total Liabilities and Net Assets / Fund Balance$112,098,824$110,347,632▼ $1,751,192

Asset Categories

AssetBook ValueDepreciationBasis
Land$789,332-$789,332
Investment Program Related Org$93,915,232--
Other Securities$15,381,804--
Compensation and Service Providers
Top Officer Pay35th percentile

Employees

NameTitleOtherTotal
Christopher BlakeMgsu Preside$355,942$355,942
Raymond CarnleyMgsu VP$148,539$148,539

Board Members and Trustees

NameTitle
Charles ParkerChairman
Christopher BlakeMgsu President
John PhillipsTrustee
Ronnie RollinsTrustee
Spencer StricklandTrustee
Nancy StroudMgsu VP
Dwight JonesSecretary/tr
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$5,163,607
Investment Income
$268,650
Other Revenue
$0
Change in Net Assets
$626,886

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,432,257
Total Revenue per Audited Statements
$5,432,257
Total Revenue per Form 990
$5,432,257
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,805,371
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
Interest$4,584,391--$4,584,391
Fees for Services Other$72,676$11,450-$84,126
Depreciation Depletion$76,708--$76,708
Occupancy$18,600--$18,600
Fees for Services Accounting-$15,301-$15,301
Other Expenses$-129$10,034-$9,905
Insurance-$8,868-$8,868
Fees for Services Legal-$7,472-$7,472
Total Functional Expenses$4,752,246$53,125$0$4,805,371

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,805,371
Total Expenses per Audited Statements$4,805,371
Total Expenses per Form 990$4,805,371
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

Bond Issues

BondIssuerIssuedIssue PricePurpose
BJoint Development Authority of Blec2007-07-01$35,665,315Construction of student housing
ABleckley-cochran Development Author2005-11-01$26,899,298Construction of student housing
DDevelopment Authority of Bibb Count2012-12-18$24,339,409To construct a student recreation and wellness center on the macon campus
CDevelopment Authority of Bibb Count2011-04-28$12,169,859To acquire existing apartment complex to be used as student housing.

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
B$35,665,315$674,685$1,065,000$546,275
A$26,899,298$219,929$1,520,000$415,288
D$24,339,409-$960,000$277,413
C$12,169,859$28,481$1,030,000$24,002

Bond Financing Compliance

No rebate due
Yes
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
Yes
Audit committee
Yes
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
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 7A

“The bylaws of the organization state that the president of middle georgia state university is a member of the board of directors and can appoint or elect all but one of the other six members of the board of directors.”

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

“A draft copy of the 990 is distributed to the governing body for review prior to filing with the irs.”

Form 990, Page 6, Part VI, Line 12C

“The following procedures are used by the foundation to regularly and consistently monitor and enforce its conflict of interest policy: 1. Each responsible person (new officer, employee, or member of the board of directors) shall be required to review a copy of the policy and to acknowledge in writing that he or she has done so. 2. Each responsible person shall complete a disclosure form annually identifying any relationships, positions, or circumstances in which the responsible person is involved, that he or she believes could contribute to a conflict of interest. Such relationships, positions, or circumstances might include service as a director of or consultant to a not-for-profit organization, or ownership of a business that might provide goods or services to the foundation. Any such information regarding business interests of a responsible person or a family member shall be treated as confidential and shall generally be made available only to the chair and any committee appointed to address conflicts of interest, except to the extent additional disclosure is necessary in connection with the implementation of this policy. 3. This policy shall be reviewed annually by each member of the board of directors. Any changes to the policy shall be communicated immediately to all responsible persons.”

Form 990, Page 6, Part VI, Line 19

“Governing documents and conflict of interest policy are available upon request.”

Filing and Contact Details

Filer

Filer Name
Middle Georgia State University
EIN
23-7356941
Phone
4787572500
Address
100 UNIVERSITY PARKWAY, MACON, GA 31206

Signing Officer

Name
Nancy Stroud
Title
Mgsu VP
Phone
4784712732
Signed
2017-11-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Nancy Stroud
Formed
1973
Legal Domicile
Ga
Voting Board Members
8
Independent Board Members
5
Employees
0

Preparer

Firm
Howard Moore & Mcduffie Pc
Address
PO BOX 4547, MACON, GA 31208
Preparer
Jay a Siegelman
Phone
4787425317
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 3, Part X

“The foundation is exempt from federal income tax under section 501(c)(3) of the internal revenue code. However, income from certain activities not directly related to the foundations tax-exempt purpose is subject to taxation as unrelated business income. There was no such income for the years ended june 30, 2017 and 2016. In addition, the foundation qualifies for the charitable contribution deduction under section 170(b) (1)(a) and has been classified as an organization other than a private foundation under section 509(a)(2). The foundation believes that 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. The foundation is the sole owner of each llc subsidiary. These llcs are treated as disregarded entities for federal income tax purposes. Consequently, all income and loss of the llcs are passed through to the foundation.”

Raw XML AppendixShowing 400 of 658 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/ProgramServiceRevenueGrp/Desc1RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/ExclusionAmt04689491
IRS990/ProgramServiceRevenueGrp/ExclusionAmt1474116
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt04689491
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1474116
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IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0224978
IRS990/PYOtherExpensesAmt04804995
IRS990/PYProgramServiceRevenueAmt05213669
IRS990/PYRevenuesLessExpensesAmt0633652
IRS990/PYTotalExpensesAmt04804995
IRS990/PYTotalRevenueAmt05438647
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IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0626886
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IRS990/RelatedEntityInd0true
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IRS990/ReportInvestmentsOtherSecInd0true
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IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0true
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IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd0false
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IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt04805370
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0MIDDLE GEORGIA STATE UNIVERSITY INC
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine2Txt0MIDDLE GEORGIA STATE UNIVERSITY INC
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IRS990ScheduleA/SupportingOrgType1Ind0X
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IRS990ScheduleD/ExpensesSubtotalAmt04805371
IRS990ScheduleD/FootnoteTextInd0X
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IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0INVESTMENT IN DIRECT FINANCING LEASE
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/LandGrp/BookValueAmt0789332
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0789332
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt015381804
IRS990ScheduleD/OtherSecuritiesGrp/Desc0SHORT -TERM TREASURY FUNDS
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/RevenueSubtotalAmt05432257
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE FOUNDATIONS TAX-EXEMPT PURPOSE IS SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. THERE WAS NO SUCH INCOME FOR THE YEARS ENDED JUNE 30, 2017 AND 2016. IN ADDITION, THE FOUNDATION QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B) (1)(A) AND HAS BEEN CLASSIFIED AS AN ORGANIZATION OTHER THAN A PRIVATE FOUNDATION UNDER SECTION 509(A)(2). THE FOUNDATION BELIEVES THAT 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. THE FOUNDATION IS THE SOLE OWNER OF EACH LLC SUBSIDIARY. THESE LLCS ARE TREATED AS DISREGARDED ENTITIES FOR FEDERAL INCOME TAX PURPOSES. CONSEQUENTLY, ALL INCOME AND LOSS OF THE LLCS ARE PASSED THROUGH TO THE FOUNDATION.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0789332
IRS990ScheduleD/TotalBookValueProgramRltdAmt093915232
IRS990ScheduleD/TotalBookValueSecuritiesAmt015381804
IRS990ScheduleD/TotalExpensesPerForm990Amt04805371
IRS990ScheduleD/TotalRevenuePerForm990Amt05432257
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05432257
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04805371
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IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0335142
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1213429
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt020800
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0CHRISTOPHER BLAKE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1NANCY STROUD
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0MGSU PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1MGSU VP
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0355942
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1213429
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd0A
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd1B
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd2C
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd3D
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IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd2false
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd3false
IRS990ScheduleK/SupplementalInformationDetail/ExplanationTxt0DEVELOPMENT AUTHORITY OF BIBB COUNTY OF MIDDLE GEORGIA STATE COLLEGE.
IRS990ScheduleK/SupplementalInformationDetail/ExplanationTxt1BLECKLEY-COCHRAN DEVELOPMENT AUTHORI 06/30/17 JOINT DEVELOPMENT AUTHORITY OF BLECK 06/30/17 DEVELOPMENT AUTHORITY OF BIBB COUNTY 06/30/17 DEVELOPMENT AUTHORITY OF BIBB COUNTY 06/30/17
IRS990ScheduleK/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE K - PURPOSE OF ISSUE DESCRIPTION
IRS990ScheduleK/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE K - DATE REBATE COMPUTATION PERFORMED
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd1B
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd2C
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd3D
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IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd1false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd2false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd3false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd1false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd2false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd3false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd0false
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IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd2false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd3false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd0false
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IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd3false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd0false
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IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd3false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd0true
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd1true
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd2true
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd3true
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd0false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd1false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd2false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd3false
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd0true
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd1true
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd2true
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd3true
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd0true
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd1true
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd2true
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd3true
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt02005-11-01
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt12007-07-01
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt22011-04-28
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt32012-12-18
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN0030574334
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN1261894499
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN2581445945
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN3581445945
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd1B
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd2C
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd3D
IRS990ScheduleK/TaxExemptBondsIssuesGrp/CUSIPNum009348PBCP
IRS990ScheduleK/TaxExemptBondsIssuesGrp/CUSIPNum109349AAJ7
IRS990ScheduleK/TaxExemptBondsIssuesGrp/CUSIPNum208869FEC9
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IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd2false
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IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt026899298
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt135665315
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt212169859
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt324339409
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt0BLECKLEY-COCHRAN DEVELOPMENT AUTHOR
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt1JOINT DEVELOPMENT AUTHORITY OF BLEC
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt2DEVELOPMENT AUTHORITY OF BIBB COUNT
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt3DEVELOPMENT AUTHORITY OF BIBB COUNT
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd1false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd2false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd3false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd0false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd1false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd2false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd3false
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc0CONSTRUCTION OF STUDENT HOUSING
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc1CONSTRUCTION OF STUDENT HOUSING
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc2TO ACQUIRE EXISTING APARTMENT COMPLEX TO BE USED AS STUDENT HOUSING.
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc3TO CONSTRUCT A STUDENT RECREATION AND WELLNESS CENTER ON THE MACON CAMPUS
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyLeaseArrangementsInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyLeaseArrangementsInd1false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyLeaseArrangementsInd2false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyLeaseArrangementsInd3false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyResearchAgreementsInd0false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyResearchAgreementsInd1false
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyResearchAgreementsInd2false

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$110,347,632
Liabilities
$95,879,998
Net assets
$14,467,634
Revenue
$5,432,257
Expenses
$4,805,371
Net income
$626,886
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$48.1$37.0$11.0$2.39$2.40$0.02
2024Detailed filing. Detailed filing data is available for this year.$49.8$38.8$11.0$1.74$1.37$0.37
2023Detailed filing. Detailed filing data is available for this year.$39.8$29.2$10.6$2.94$1.45$1.49
2022Detailed filing. Detailed filing data is available for this year.$39.3$30.2$9.14$4.42$1.45$2.97
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$37.2$31.0$6.19$1.71$1.48$0.23
2019Detailed filing. Detailed filing data is available for this year.$38.4$32.7$5.69$0.70$1.70$1.00
2018Detailed filing. Detailed filing data is available for this year.$101$94.3$6.69$3.12$4.66$7.77
2017Detailed filing. Detailed filing data is available for this year.$110$95.9$14.5$5.43$4.81$0.63
2016Detailed filing. Detailed filing data is available for this year.$112$98.3$13.8$5.44$4.80$0.63
2015Detailed filing. Detailed filing data is available for this year.$114$101$13.2$5.55$4.83$0.72
2014Detailed filing. Detailed filing data is available for this year.$114$102$12.5$4.45$4.07$0.38
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$75.6$64.5$11.1$5.02
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$76.9$66.2$10.7$3.50
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$76.6$64.8$11.9$3.44