2024-05-13T06:45:47-05:00 2023-06-30 221478099 COHNREZNICK LLP 3560 LENOX ROAD NE SUITE 2900 ATLANTA GA 30326 990 2022-07-01 582472789 STUDENT HOUSING OF AMERICA INC STUD 4043642900 1201 PEACHTREE STREET SUITE 1240 ATLANTA GA 30328 SAMUEL WIGGINS CHAIRMAN 4043642900 2024-05-07 1 SAMUEL WIGGINS 999009999 1 ANDREW P SMITH CPA P01281742 4048479447 2024-05-07 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z SAMUEL WIGGINS 4557 PLATEAU DRIVE ALEXANDRIA VA 22030 4676869 0 X N/A X 1999 GA DEVELOPMENT, OWNERSHIP & OPERATION OF STUDENT HOUSING PROJECTS 3 3 0 0 0 0 0 0 3823347 4115181 12411 13717 624214 547971 4459972 4676869 0 0 0 0 437101 470183 0 0 0 4667249 4947124 5104350 5417307 -644378 -740438 18887768 17769755 36309400 35931825 -17421632 -18162070 DEVELOP OWN AND OPERATE STUDENT HOUSING FACILITIES TO ASSIST GOVERNMENTAL OR NON-PROFIT UNIVERSITIES FULFILL THEIR HOUSING NEEDS. 0 0 5197658 4663152 BATON ROUGE STUDENT HOUSING, L.L.C., A DISREGARDED ENTITY OWNED BY THE ORGANIZATION, OWNS AND OPERATES A STUDENT HOUSING FACILITY FOR STUDENTS OF SOUTHERN UNIVERSITY. 5197658 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 3 3 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 GA X ROSS WILLIAMS 4043642900 2800 SOUTH TEXAS AVENUE SUITE 350 BRYAN TX 77802 SAMUEL WIGGINS CHAIRMAN 30.00 X 15000 0 0 SHAUN WIGGINS TREASURER 10.00 X 15000 0 0 YOLANDA MARTIN SINGLETON SECRETARY 5.00 X 15000 0 0 45000 0 0 0 0 0 0 0 RENTAL INCOME 532000 4115181 4115181 4115181 13717 13717 547971 547971 547971 4676869 4663152 0 13717 378393 378393 49445 49445 42345 42345 219649 219649 18130 18130 69840 69840 19856 19856 26505 26505 149741 149741 211454 211454 17387 17387 4762 4762 1595555 1595555 1137797 1137797 182404 182404 REPAIRS AND MAINTENANCE 787340 787340 CONTRACTS 427582 427582 CAP 45168 45168 RESIDENT SERVICES 10142 10142 23812 23812 5417307 5197658 219649 0 439893 876089 251149 329481 106523 71891 29626219 14112426 16213064 15513793 957837 130060 913257 842396 6045 6045 18887768 17769755 4389835 4007551 76817 72271 18792475 18795091 437341 437341 12612932 12619571 36309400 35931825 X -17421632 -18162070 -17421632 -18162070 18887768 17769755 -740438 0 X 0 0 0 X 2497357 2867467 3303098 3823347 4115181 16606450 2497357 2867467 3303098 3823347 4115181 16606450 0 0 0 16606450 6373 4040 11696 12411 13717 48237 6373 4040 11696 12411 13717 48237 259977 292191 406316 624214 547971 2130669 2763707 3163698 3721110 4459972 4676869 18785356 0.88400 0.89130 0.00260 0.00230 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: MISCELLANEOUS REVEVUE - 2018 AMOUNT: $ 259,977. 2019 AMOUNT: $ 292,191. 2020 AMOUNT: $ 406,316. 2021 AMOUNT: $ 624,214. 2022 AMOUNT: $ 547,971. 1879218 1879218 20508757 6874182 13634575 3586580 3586580 0 3651664 3651664 0 15513793 DUE TO AFFILIATES 12599136 TENANT SECURITY DEPOSIT 20435 12619571 A LOUISIANA LOCAL GOV 721416168 546279QP8 2003-09-23 25417838 CONSTRUCT HOUSING PROJECT 0 0 0 A 25512215 1754467 170591 1626604 2451951 19508601 2004 0 0 1 1 A 0 0 1 1 0 0 0 0 A 0 1 0 1 0 0 1 TRANSAMERICA LIFE I 32.000000000000 1 1 0 A 0 SCHEDULE K, PART IV, LINE 2C: REBATE COMPUTATION PERFORMANCE DATE PART IV 2C: 7/15/2009 & 7/15/2015 FORM 990, PART VI, SECTION A, LINE 3 BATON ROUGE - CENTURY CAMPUS HOUSING MANAGEMENT LP, AN UNRELATED PARTY OF THE ORGANIZATION, MANAGED THE BATON ROUGE THROUGH JULY 17, 2008. PURSUANT TO A MANAGEMENT AGREEMENT,FEES WERE EQUAL TO $10,000 PER MONTH INCREASING ANNUALLY BY THE CONSUMER PRICE INDEX. THE PROPERTY TRANSFERRED MANAGEMENT TO AMBLING MANAGEMENT COMPANY, AN UNRELATED PARTY, ON JULY 17, 2008. IN NOVEMBER, 2015, AMBLING MANAGEMENT COMPANY TRANSFERED THE AGREEMENT TO RISE RESIDENTIAL LLC. RISE RESIDENTIAL IS ALSO A UNRELATED PARTY. FEES UNDER THIS AGREEMENT ARE EQUAL TO $10,000 PER MONTH INCREASING ANNUALLY BY THE LESSER OF 3 PERCENT OR THE PERCENTAGE INCREASE IN THE CONSUMER PRICE INDEX. ON OCTOBER 17, 2017 BATON ROUGE STUDENT HOUSING, LLC ENTERED INTO A NEW MANAGEMENT AGREEMENT WITH ASSET CAMPUS USA, LLC, AN UNRELATED PARTY, FOR A MONTHLY FEE EQUAL TO THE GREATER OF $6,500 OR 3.5% OF GROSS MONTHLY COLLECTIONS. FORM 990, PART VI, SECTION B, LINE 11B THE DRAFT 990 IS EMAILED TO ALL DIRECTORS WITH A NOTE THAT IT WILL BE FILED ON A SPECIFIED DATE, SUBJECT TO ANY COMMENTS WHICH MAY BE MADE BY THE DIRECTORS. DIRECTORS ARE INSTRUCTED TO RAISE ANY ISSUES THEY ARE CONCERNED ABOUT IN THE 990 WITH THE ORGANIZATION'S COUNSEL. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS REVIEWED WITH THE DIRECTORS ANNUALLY. THE DIRECTORS ARE EACH ASKED TO FILL OUT FORMS WHICH ASK IF A CONFLICT EXISTS OR NOT AND TO IDENTIFY ANY POTENTIAL CONFLICTS WHICH EXIST. IF THERE ARE ANY POTENTIAL ISSUES THAT ARISE, THEY ARE BROUGHT TO THE ATTENTION OF THE WHOLE BOARD. FORM 990, PART VI, SECTION B, LINE 15 THE FOLLOWING DESCRIBES THE COMPENSATION POLICY FOLLOWED BY THE ORGANIZATION AND ITS SEVERAL EXEMPT RELATED ENTITIES WHICH CONTRIBUTE TO THE COMPENSATION OF THE ORGANIZATION'S DIRECTORS AND EXECUTIVE OFFICERS. THE PROCESS FOR DETERMINING COMPENSATION FOR THE PRESIDENT, CHAIRMAN, EXECUTIVE OFFICERS, AND DIRECTORS BEGINS WITH AN INDEPENDENT COMPENSATION CONSULTANT. THE COMPENSATION CONSULTANT PREPARES A REPORT OF THE MARKET RATE OF COMPENSATION FOR EACH OF THE EXECUTIVE POSITIONS. THE REPORT IS THEN GIVEN TO THE COMPENSATION COMMITTEE WHICH, TOGETHER WITH THE SENIOR MANAGEMENT, EVALUATES THE PERFORMANCE OF THE EXECUTIVES AND THE ORGANIZATION. AFTER THIS, THE COMPENSATION COMMITTEE PROVIDES RECOMMENDATIONS TO THE BOARD OF DIRECTORS AS TO WHAT SHOULD BE THE APPROPRIATE LEVELS OF COMPENSATION. THE BOARD OF DIRECTORS THEN VOTES TO PASS A RESOLUTION ESTABLISHING THE LEVEL OF COMPENSATION. DIRECTORS WHOSE COMPENSATION IS BEING VOTED ON, OR WHOSE RELATIVES' COMPENSATION IS BEING VOTED ON, ARE EXCUSED FROM THE DELIBERATIONS AND DO NOT VOTE ON THEIR OWN OR THEIR RELATIVES' COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. BATON ROUGE STUDENT HOUSING LLC 1201 PEACHTREE STREET SUITE 1240 ATLANTA GA 30328 830362851 RE RENTAL LA STUDENT HOUSING OF AMERICA INC