Nonprofit · EIN 01-0681650
VIRGINIA STATE UNIVERSITY REAL ESTATE FOUNDATION
Tax-exempt · PETERSBURG, VA 23803
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $6,197,002 | $1,338,081 | $4,858,921 | $6,523,008 | $1,185,263 | $5,337,745 |
| December 31, 2024 | 990 | $2,753,120 | $1,433,145 | $1,319,975 | $13,508,263 | $12,985,603 | $522,660 |
| December 31, 2023 | 990 | $3,230,309 | $2,615,879 | $614,430 | $10,715,535 | $11,858,256 | -$1,142,721 |
| December 31, 2022 | 990 | $4,284,270 | $3,920,367 | $363,903 | $9,306,796 | $11,175,339 | -$1,868,543 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $3,900,000
- Program service revenue
- $0
- Investment income
- $156,430
- Other revenue
- $2,140,572
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Depreciation
- $482,459
- Program services (functional)
- $1,174,094
- Management and general (functional)
- $163,987
Balance sheet and other
- Total assets, start of year
- $13,508,263
- Total assets, end of year
- $6,523,008
- Total liabilities, end of year
- $1,185,263
- Net assets, end of year
- $5,337,745
- Land, buildings and equipment
- $3,379,732
- Net assets without donor restrictions
- $5,337,745
- Gross receipts
- $6,197,002
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2002
- State of legal domicile
- VA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOYCE E HENDERSON | EXECUTIVE DIRECTOR Officer | 30 | $51,833 |
| DR MILLARD STITH | PRESIDENT Trustee or director, Officer | 0.5 | $0 |
| AUBREY W FOUNTAIN III | TREASURER Trustee or director, Officer | 0.5 | $0 |
| ALONZO BELL JR | BOARD MEMBER Trustee or director | 0.5 | $0 |
| REGINIA BARNETT-TYLER | SECRETARY Trustee or director, Institutional trustee, Officer | 0.5 | $0 |
| DR JOSEPH CHASE | BOV APPOINTED LIAISON Trustee or director | 0.5 | $0 |
| KEVIN DAVENPORT NON-VOTING | BOARD MEMBER Trustee or director, Institutional trustee | 0.5 | $0 |
990 for the year ended December 31, 2024: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOYCE E HENDERSON | EXECUTIVE DIRECTOR Officer | 30 | $36,000 |
| DR MILLARD STITH | PRESIDENT Trustee or director, Officer | 0.5 | $0 |
| AUBREY W FOUNTAIN III | TREASURER Trustee or director, Officer | 0.5 | $0 |
| ALONZO BELL JR | BOARD MEMBER Trustee or director | 0.5 | $0 |
| REGINIA BARNETT-TYLER | SECRETARY Trustee or director, Institutional trustee, Officer | 0.5 | $0 |
| DR JOSEPH CHASE | BOV APPOINTED LIAISON Trustee or director | 0.5 | $0 |
| KEVIN DAVENPORT NON-VOTING | BOARD MEMBER Trustee or director, Institutional trustee | 0.5 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JOYCE E HENDERSON | EXECUTIVE DIRECTOR Officer | 30 | $36,000 | $36,000 | $36,000 |
| DR MILLARD STITH | PRESIDENT Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| AUBREY W FOUNTAIN III | TREASURER Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| ALONZO BELL JR | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| REGINIA BARNETT-TYLER | SECRETARY Trustee or director, Institutional trustee, Officer | 0.5 | $0 | $0 | $0 |
| DR HAROLD GREEN | BOV APPOINTED LIAISON Trustee or director | 0.5 | $0 | $0 | $0 |
| KEVIN DAVENPORT NON-VOTING | BOARD MEMBER Trustee or director, Institutional trustee | 0.5 | $0 | $0 | $0 |
990 for the year ended December 31, 2022: 7 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JOYCE E HENDERSON | EXECUTIVE DIRECTOR Officer | 30 | $36,000 | $36,000 | $36,000 |
| DR MILLARD STITH | PRESIDENT Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| AUBREY W FOUNTAIN III | TREASURER Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| ALONZO BELL JR | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| DR LETIZIA GAMBRELL-BOONE | SECRETARY Trustee or director, Institutional trustee, Officer | 0.5 | $0 | $0 | $0 |
| JAY STEGMAIER | BOV APPOINTED LIAISON Trustee or director | 0.5 | $0 | $0 | $0 |
| KEVIN DAVENPORT NON-VOTING | BOARD MEMBER Trustee or director, Institutional trustee | 0.5 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 4010 J MITCHELL JONES DRIVE, PETERSBURG, VA 23803-1816
- Principal officer (990 for 2025)
- JOYCE HENDERSON, 4010 J MITCHELL JONES DRIVE, PETERSBURG, VA 23803
- Signed the 990
- KEVIN DAVENPORT, EXECUTIVE DIRECTOR
- Phone
- (804) 524-5995
- Return prepared by
- LARRY SAUNDERS & ASSOCIATES
Mission
VSUREF IS ORGANIZED AND OPERATED TO AQUIRE, DEVELOP, RECEIVE, MAINTAIN AND MANAGE REAL ESTATE ASSETS THAT FURTHER THE AIMS AND PURPOSES OF VIRGINIA STATE UNIVERSITY.
Program accomplishments
- TO MANAGE THE UNIVERSITY APARTMENTS AT ETTRICK A 504 BEDROOM FACILITY FOR VIRGINIA STATE UNIVERSITY STUDENTS, IN SUPPORT OF THE UNIVERSITYS MISSION AND IN KEEPING WITH THE UNIVERSITYS STRATEGY TO OFFER A VARIETY OF HOUSING ALTERNATIVES FOR STUDENTS.Expenses $1,174,094 · revenue $6,197,002
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 01-0681650
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2002
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B114)
- Assets (IRS master file)
- $6,523,008
- Income (IRS master file)
- $6,197,002
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $6,197,002 | $1,338,081 | $6,523,008 | XML |
| 990 | December 2024 | $2,753,120 | $1,433,145 | $13,508,263 | XML |
| 990 | December 2023 | $3,230,309 | $2,615,879 | $10,715,535 | XML |
| 990 | December 2022 | $4,284,270 | $3,920,367 | $9,306,796 | XML |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 01-0681650).
Questions about VIRGINIA STATE UNIVERSITY REAL ESTATE FOUNDATION
- What is the EIN of VIRGINIA STATE UNIVERSITY REAL ESTATE FOUNDATION?
- The employer identification number (EIN) of VIRGINIA STATE UNIVERSITY REAL ESTATE FOUNDATION is 01-0681650.
- Is VIRGINIA STATE UNIVERSITY REAL ESTATE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2002.
- Are donations to VIRGINIA STATE UNIVERSITY REAL ESTATE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does VIRGINIA STATE UNIVERSITY REAL ESTATE FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of VIRGINIA STATE UNIVERSITY REAL ESTATE FOUNDATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did VIRGINIA STATE UNIVERSITY REAL ESTATE FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of VIRGINIA STATE UNIVERSITY REAL ESTATE FOUNDATION?
- The 990 for the year ended December 31, 2025 names JOYCE HENDERSON.
- Who are the officers and directors of VIRGINIA STATE UNIVERSITY REAL ESTATE FOUNDATION?
- The 990 for the year ended December 31, 2025 lists 7 people; 1 received compensation from the organization, the highest $51,833 (JOYCE E HENDERSON, EXECUTIVE DIRECTOR).
- How much revenue does VIRGINIA STATE UNIVERSITY REAL ESTATE FOUNDATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $6,197,002, expenses of $1,338,081 and total assets of $6,523,008 at year end.
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