2025-03-18T16:13:59-05:00 2024-06-30 844233121 SHARPE PATEL CPA 5510 SIX FORKS ROAD SUITE 140 RALEIGH NC 27609 990 2023-07-01 274698903 FAYETTEVILLE STATE UNIVERSITY STUDENT HOUSING CORPORATION FAYE 9106721151 1200 MURCHISON ROAD FAYETTEVILLE NC 283014252 KENNETH SPAYD VC OF BUSINESS AND FINANCE 9106721151 2025-03-17 1 1 REBECCA FISHER P01690017 7044993893 2025-03-17 2023 2025-03-06 01:10:19Z DR LILLIAN WANJAGI 1200 MURCHISON ROAD FAYETTEVILLE NC 283014252 696937 0 X N/A X 2010 NC TO DEVELOP, FINANCE, PREPARE, PROVIDE, AND SUPERVISE RESIDENTIAL HOUSING FACILITIES FOR THE STUDENTS AND FACULTY OF FAYETTEVILLE STATE UNIVERSITY. 7 7 0 0 0 0 0 0 0 0 717438 696937 0 0 717438 696937 0 0 0 0 0 0 0 0 0 619583 608850 619583 608850 97855 88087 18096481 17504903 17196754 16517089 899727 987814 TO DEVELOP, FINANCE, PREPARE, PROVIDE, AND SUPERVISE RESIDENTIAL HOUSING FACILITIES FOR THE STUDENTS AND FACULTY OF FAYETTEVILLE STATE UNIVERSITY. 0 0 32750 THE ORGANIZATION PROVIDES RESIDENTIAL HOUSING FACILITIES FOR THE STUDENTS AND FACULTY OF FAYETTEVILLE STATE UNIVERSITY. 32750 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 0 0 0 1 1 0 0 1 1 0 0 0 0 0 0 0 X THE ORGANIZATION 9106721151 1200 MURCHISON ROAD FAYETTEVILLE NC 283014252 DR LILLIAN WANJAGI CHAIR 1.00 X X 0 241020 0 DR JUANETTE COUNCIL VICE CHAIR 1.00 X X 0 176940 0 ATTORNEY WANDA JENKINS GENERAL COUNSEL 1.00 X X 0 226611 0 ADRINA RUSSELL SECRETARY 1.00 X X 0 107504 0 GREG MOYD DIRECTOR 1.00 X 0 142099 0 JOHNAE WALKER DIRECTOR 1.00 X 0 0 0 JOYCE ADAMS DIRECTOR 1.00 X 0 0 0 0 894174 0 0 0 1 0 0 696937 696937 696937 0 0 696937 7494 7494 7582 5659 1923 574177 574177 19597 19597 608850 32750 576100 0 1122077 1106999 16974404 13620000 234074 0 2543830 18096481 17504903 170250 14045000 13620000 3151754 2726839 17196754 16517089 X 899727 987814 899727 987814 18096481 17504903 88087 0 X 0 1 X 1 0 X X 1 FAYETTEVILLE STATE UNIVERSITY 561238736 6 1 0 425000 1 0 425000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 PART I, LINE 12G, COLUMN IV: THE CORPORATION INCLUDES AS A SUBSIDIARY THE FAYETTEVILLE STATE UNIVERSITY HOUSING, LLC WHICH CONSTRUCTED RENAISSANCE HALL ON THE CAMPUS OF FAYETTEVILLE STATE UNIVERSITY. THE LAND FOR THE RENAISSANCE HALL IS LEASED TO THE CORPORATION FOR THIS PURPOSE, AND THE BEDS ARE LEASED TO THE UNIVERSITY UNDER A MASTER LEASE AGREEMENT. THE PRINCIPAL AMOUNT RECEIVED FOR THE LEASED BEDS WAS 425,000 DURING THIS FISCAL YEAR. 0 ACCRUED INTEREST RECEIVABLE 170250 DEFERRED OUTFLOWS OF RESOURCES 2373580 2543830 UNAMORTIZED PREM ON BONDS PAYABLE 2726839 2726839 X 696937 0 696937 0 696937 608850 0 608850 0 608850 PART X, LINE 2: ON DECEMBER 3, 2010, THE CORPORATION ADOPTED THE REVENUE RECOGNITION REQUIREMENTS FOR UNCERTAIN INCOME TAX POSITIONS 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 THE 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 CORPORATION'S 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, 2024, AND 2023. 0 0 0 0 0 0 0 0 0 DR LILLIAN WANJAGI CHAIR 0 241020 0 0 0 0 0 0 0 0 0 241020 0 0 DR JUANETTE COUNCIL VICE CHAIR 0 176940 0 0 0 0 0 0 0 0 0 176940 0 0 ATTORNEY WANDA JENKINS GENERAL COUNSEL 0 226611 0 0 0 0 0 0 0 0 0 226611 0 0 A FSU STUDENT HOUSING LLC 274698903 2021-05-20 14975000 SEE PART VI 0 0 0 A 17760000 14975000 3468419 1 0 0 1 A 0 0 0 0 0 0 0 A 0 0 0 0 0 0 0 0 0 SCHEDULE K, PART I, LINE A(F) 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, PART VI, SECTION B, LINE 11B FORM 990 IS PROVIDED TO APPROPRIATE FAYETTEVILLE STATE UNIVERSITY OFFICIALS FOR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST. FAYETTEVILLE STATE UNIVERSITY HOUSING LLC 1200 MURCHISON ROAD FAYETTEVILLE NC 28301 561238736 HOUSING NC 696937 17504903 FAYETTEVILLE STATE UNIVERSITY STUDENT HOUSING CORPORATION FAYETTEVILLE STATE UNIVERSITY 1200 MURCHISON ROAD FAYETTEVILLE NC 28301 561238736 UNIVERSITY NC N/A 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 FAYETTEVILLE STATE UNIVERSITY J 1127250 LEASE AGREEMENT, FMV