2024-01-03T14:52:57-05:00 2023-06-30 844233121 SHARPE PATEL CPA 325 ARLINGTON AVE STE 630 CHARLOTTE NC 28203 990 2022-07-01 274698903 FAYETTEVILLE STATE UNIVERSITY STUDENT HOUSING CORPORATION FAYE 9106721151 1200 MURCHISON RD FAYETTEVILLE NC 28301 DR LILLIAN WANJAGI CHAIR 9106721151 2023-12-12 LILLIAN WANJAGI 999009999 false MEGAN A RIDGLEY CPA P01317611 7044993893 2023-12-12 2022 2023-04-26 12:10:37Z DR LILLIAN WANJAGI 1200 MURCHISON RD FAYETTEVILLE NC 28301 717438 false X X 2010 NC TO DEVELOP, FINANCE, PREPARE, PROVIDE AND SUPERVISE RESIDENTIAL HOUSING FACILITIES FOR THE STUDENTS AND FACULTY OF FAYETTEVILLE STATE UNIVERSITY. 6 6 0 0 0 0 748427 717438 0 748427 717438 0 0 0 0 0 664323 619583 664323 619583 84104 97855 18665374 18096481 17863502 17196754 801872 899727 X TO DEVELOP, FINANCE, PREPARE, PROVIDE AND SUPERVISE RESIDENTIAL HOUSING FACILITIES FOR THE STUDENTS AND FACULTY OF FAYETTEVILLE STATE UNIVERSITY. false false 619583 THE ORGANIZATION PROVIDES RESIDENTIAL HOUSING FACILITIES FOR STUDENTS AND FACULTY OF FSU. TO PROVIDE RESIDENTIAL HOUSING FACILITIES FOR STUDENTS AND FACULTY OF FSU. 619583 true false false false false false false false false false false false false false true true true false false false false false false false false false false false false true true false false false false false false false false false false false false false false true true false false false true 0 0 false 0 false false false false false false false false X 6 6 false false false false false false false true true false false false true false false false false true true false X FSU STUDENT HOUSING CORP 9106721151 1200 MURCHISON ROAD FAYETTEVILLE NC 28301 DR LILLIAN WANJAGI CHAIR 1.00 X X 0 225000 0 WANDA JENKINS DIRECTOR 1.00 X 0 211549 0 JUANETTE COUNCIL VICE CHAIR 1.00 X X 0 165179 0 JON PARSONS EX-OFFICIO D 1.00 X 0 154112 0 GREGORY MOYD EX-OFFICIO D 1.00 X 0 132654 0 ADRINA RUSSELL SECRETARY 1.00 X X 0 100359 0 988853 false true false 717438 717438 717438 717438 30263 30263 589320 589320 619583 619583 0 0 1134215 1122077 17531159 16974404 18665374 18096481 14450000 14045000 3413502 3151754 17863502 17196754 X 801872 899727 801872 899727 18665374 18096481 97855 X false true X false X X 1 FAYETTEVILLE STATE UNIVERSITY 561238736 6 true 0 405000 1 405000 true false false false false false false false false false false false false false false true false SUPPLEMENTAL INFORMATION THE CORPORATION INCLUDES AS A SUBSIDIARY THE FAYETTEVILLE STATE UNIVERSITY HOUSING, LLC WHICH CONSTRUCTED RENAISSANCE HALL ON THE CAMPUS OF FAYETTEVILLE STATE UNIVERSITY (UNIVERSITY). THE LAND FOR RENAISSANCE HALL IS LEASED TO THE CORPORATION FOR THIS PURPOSE, AND THE BEDS ARE LEASED TO THE UNIVERSITY UNDER A MASTER LEASE AGREEMENT. THE PRICIPAL AMOUNT RECEIVED FOR THE LEASED BEDS WAS 405,000 DURING THIS FISCAL YEAR. UNAMORTIZED PREMIUM ON BONDS PAYABLE 2976191 ACCRUED INTEREST 175563 3151754 X 717438 717438 717438 619583 619583 619583 SCHEDULE D, PAGE 3, PART X ON DECEMBER 3, 2010, THE CORPORATION ADOPTED THE REVENUE RECOGNITION REQUIREMENTS FOR UNCERTAIN INCOME TAXPOSITIONS AS GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, WITH NO CUMULATIVE EFFECT ADJUSTMENT REQUIRED. INCOME TAX BENEFITS ARE RECOGNIZED FOR INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, ONLY WHEN IT IS DETERMINED THAT INCOME TAX POSITION WILL MORE-LIKELY-THAN-NOT BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES.THE CORPORATION HAS ANALYZED TAX POSITIONS TAKEN FOR FILING WITH THE INTERNAL REVENUE SERVICE AND ALL STATE JURISDICTIONS WHERE IT OPERATES. THE CORPORATION BELIEVES THAT INCOME TAX FILING POSITIONS WILL BE SUSTAINED UPON EXAMINATION AND DOES NOT ANTICIPATE ANY ADJUSTMENTS THAT WOULD RESULT IN A MATERIAL ADVERSE EFFECT ON THE CORPORATIONS FINANCIAL CONDITION RESULTS OF OPERATION OR CASH FLOWS. ACCORDINGLY, THE CORPORATION HAS NOT RECORDED ANY RESERVES OR RELATED ACCRUALS FOR INTEREST AND PENALTIES FOR INCOME TAX POSITIONS AT JUNE 30, 2023 AND 2022. false false false false false false false false false DR LILLIAN WANJAGI CHAIR 225000 225000 WANDA JENKINS DIRECTOR 211549 211549 JUANETTE COUNCIL VICE CHAIR 165179 165179 JON PARSONS EX-OFFICIO DIRECTOR 154112 154112 A FSU STUDENT HOUSING LLC 274698903 2021-05-20 14975000 THE 2011 BOND SERIES WAS REFUNDED ON MAY 20,2021 WHEN FAYETTEVILLE STATE UNIVERSITY HOUSING, LLC SOL false false false A 17760000 14975000 3468419 true false false true A false false false false false false false A false false false false false false false false false A false PURPOSE OF ISSUE DESCRIPTION FSU STUDENT HOUSING, LLC THE 2011 BOND SERIES WAS REFUNDED ON MAY 20,2021 WHEN FAYETTEVILLE STATE UNIVERSITY HOUSING, LLC SOLD 14,975,000 IN SERIES 2021 TAX-EXEMPT LIMITED OBLIGATION BONDS. FORM 990, PAGE 1, PART I, LINE 6 TO HELP PROVIDE THE STUDENTS AND FACULTY OF FAYETTEVILLE STATE UNIVERSITY. FORM 990, PAGE 2, PART III, LINE 4D TO PROVIDE RESIDENTIAL HOUSING FACILITIES FOR STUDENTS AND FACULTY OF FSU. FORM 990, PAGE 6, PART VI, LINE 11B PROVIDED TO APPROPRIATE FSU OFFICIALS FOR REVIEW PRIOR TO FILING FORM 990, PAGE 6, PART VI, LINE 15A ENTITY HAS NO EMPLOYEES; NOT APPLICABLE FORM 990, PAGE 6, PART VI, LINE 15B ENTITY HAS NO EMPLOYEES; NOT APPLICABLE FORM 990, PAGE 6, PART VI, LINE 19 UPON REQUEST. FAYETTEVILLE STATE UNIVERSITY HOUSI 1200 MURCHISON ROAD FAYETTEVILLE NC 28301 561238736 HOUSING NC 717438 18096481 FSU STUDEN T HOUSING LLC FAYETTEVILLE STATE UNIVERSITY 1200 MURCHISON ROAD FAYETTEVILLE NC 28301 561238736 EDUCATION NC 6 N/A false false false false false false false false false false true false false false false false false false false false FAYETTEVILLE STATE UNIVERSITY J 1127500 LEASE AGREEMENT, FMV