2023-11-15T14:50:47+00:00 2022-12-31 350921680 CROWE LLP 9600 Brownsboro Road Suite 400 Louisville KY 402413902 990 2022-01-01 833519249 Provident Group - Tubman Quad Properties Inc PROV 2257663977 5565 Bankers Avenue Baton Rouge LA 70808 Steve E Hicks president 2257663977 2023-11-15 true Steve Hicks 999009999 Rachel Spurlock P00520729 5023263996 2022 2023-04-26 12:10:37Z Steve E Hicks 5565 Bankers Avenue Baton Rouge LA 70808 4779256 false X n/a X 2019 DC Provident Group - Tubman Quad Properties Inc. promotes and advances education through the acquiring, constructing, renovating, furnishing, equipping, financing, owning, operating, and maintaining a mixed-use facility on the campus of Howard University. X 3 0 0 0 0 0 0 2517167 4779256 52 0 0 2517219 4779256 0 0 181449 425797 0 0 7931708 10814587 8113157 11240384 -5595938 -6461128 65014017 0 76077828 0 -11063811 0 X Provident Group - Tubman Quad Properties Inc. promotes and advances education through the designing, developing, constructing, equipping, and furnishing of dormitory/residential units on the campus of Howard University. false true 11063122 4779256 Provident Group - Tubman Quad Properties Inc. promotes and advances education through the development, construction, and furnishment of education - related facilities and through the provision of various related programs, activities, and services. 11063122 true false false false false false false false false false false false false false false false false false false false false false false false false false false false true false false false false false false false false false false false true false true false false false true 11 0 true 0 false false false false false false false false false false false false X 3 0 true false false false true true true true true false false true true true true true true false false false DC X Steve Hicks 2257663977 5565 Bankers Avenue Baton Rouge LA 70808 DONOVAN O HICKS Vice President/Secretary 1.0 39.0 X X 0 713316 37766 MARLA P SCANNICCHIO Vice President 1.0 39.0 X X 0 451706 46758 CHRISTOPHER HICKS Director 1.0 39.0 X 0 934379 38107 STEVE HICKS President 1.0 39.0 X 0 946021 25847 0 3045422 148478 0 false true false Provident Resources Group Inc 5565 BANKERS AVENUE Baton Rouge LA 70808 management fees 180224 CORVIAS MANAGEMENT LLC 301 METRO CENTER BLVD SUITE 204 WARWICK RI 02886 management services 175460 2 0 RENTAL REVENUE 531120 4779256 4779256 0 0 0 0 4779256 0 0 0 0 0 0 0 0 0 4779256 4779256 0 0 364190 364190 512 512 29795 29795 31300 31300 432791 255529 177262 42194 42194 25265 25265 195429 195429 0 0 42080 42080 30782 30782 14714 14714 371136 371136 23124 23124 4999049 4999049 1509382 1509382 66683 66683 CLEANING AND TRASH 1463969 1463969 BAD DEBT EXPENSE 229818 229818 MAINTENANCE AND REPAIRS 1363117 1363117 5054 5054 0 0 11240384 11063122 177262 0 1298940 0 62428 0 0 0 0 0 121279 0 0 0 53089171 0 0 0 10442199 0 65014017 0 365565 0 72046571 0 0 0 1587917 0 2077775 0 76077828 0 X -11063811 0 -11063811 0 65014017 0 X -6461128 17524939 X true X false true false X X X 1 PROVIDENT RESOURCES GROUP INC 582492101 9 true 0 0 1 0 0 true false false false false false false false false false false false false false false true false false false false false false false false false false DONOVAN O HICKS Vice President/Secretary 0 323860 0 345000 0 44456 0 12200 0 25566 0 751081 0 0 MARLA P SCANNICCHIO Vice President 0 272960 0 165000 0 13746 0 12200 0 34558 0 498464 0 0 CHRISTOPHER HICKS Director 0 348423 0 585000 0 956 0 12200 0 25907 0 972486 0 0 STEVE HICKS President 0 547866 0 375000 0 23155 0 12200 0 13647 0 971868 0 0 Schedule J, Part I, Line 3 PROCESS FOR DETERMINING COMPENSATION Provident Group - Tubman Quad Properties Inc. does not pay any employees, therefore, this line was left blank in accordance with the instructions. The officers of the organization are compensated solely by the related organization, Provident Resources Group, Inc. The following is the process used by Provident Resources Group, Inc. to determine compensation. The human resources department does a market review of compensation for all officers. That analysis is compared to historical compensation and evaluated relative to the percentile for the industry and size. Combined with performance evaluations, the analysis is presented to the Compensation Committee comprised of members of the governing board for their review, deliberation, and decision about where to set compensation for the officers. This process was used for the compensation of all officers of Provident Resources Group, Inc. Minutes are maintained to document the deliberations and actions of the committee. cash and receivables less bond liabilities transferred to related entity 2022-12-20 17524939 cash, bond agreement 831863389 PROVIDENT GROUP BISON PROPERTIES 5565 BANKERS AVE Baton Rouge LA 70808 501(c)(3) false false false false Form 990, Part III, Line 3 Significant changes in program services The lease agreement between the organization and Howard University was terminated on December 20, 2022. The organization will cease operations going forward. Form 990, Part VI, Line 15 Provident Group - Tubman Quad Properties, Inc. does not pay any employees, therefore, this line was answered no in accordance with the instructions. The officers and directors of the organization are compensated solely by the related organization, Provident Resources Group, Inc. The following is the process used by Provident Resources Group, Inc. to determine compensation. The human resources department performs a market review of compensation for all officers. That analysis is compared to historical compensation and evaluated relative to the percentile for the industry and size. Combined with overall performance, the analysis is presented to the Compensation Committee comprised of members of the governing board of Provident Resources Group Inc. for their review, deliberation, and decision regarding compensation for the officers. This process was used for the compensation of all officers of Provident Resources Group, Inc. Minutes are maintained to document the deliberations and actions of the committee. Form 990, Part VI, Line 3 DELEGATION OF MANAGEMENT DUTIES The organization contracts with an unrelated third-party management company to oversee day to day operations. The management company does not act in their capacity to perform the functions typically done by officers or directors. The ultimate authority for decision making lies with the officers and directors of the organization and the sole member. See the narrative regarding Part VI, Line 6 in Schedule O for more information regarding the responsibilities of the Tubman Quad governing body as well as approvals required by the sole member, Provident Resources Group Inc. Form 990, Part VI, Line 2 Family/business relationships amongst interested persons STEVE HICKS, christopher hicks, and DONOVAN HICKS - Family relationship Form 990, Part VI, Line 6 Classes of members or stockholders Provident Resource Group, Inc. (PRG) is the sole member of Provident Group - Tubman Quad Properties Inc (T Quad). PRG appoints the members of the T Quad governing body and approves certain decisions made by the T Quad Governing body. The following matters and transactions require the approval of PRG: 1. Modify or otherwise amend the Articles of incorporation or Bylaws of T Quad. 2. Issuance of notes, bonds or other evidences of indebtedness in excess of $100,000 3. Approve any loans from T Quad to any person or entity 4. Authorize or permit T Quad to become a surety, guarantor or accommodation party to any obligation and will not pledge T Quad's assets for any such obligation. 5. Sell, dispose of, or otherwise encumber all or substantially all of the assets of T Quad. 6. Enter into any management, consulting, administrative services or other contract for the management and operation of a Project owned or operated by the Corporation, without having the President or CEO of the Member, and the Member's corporate counsel and tax counsel review and approve the contract for compliance with applicable laws. 7. Voluntary dissolution or liquidation of T Quad or the consolidation merger of T Quad with or into any other entity. 8. Voluntary institution of proceedings by T Quad to be adjudicated bankrupt or insolvent, or consenting to the institution of bankruptcy or insolvency proceeding against T Quad, or the filing of a petition seeing or consenting to reorganization of relief under any applicable federal or state law relating to bankruptcy, or consenting to the appointment of a receiver, liquidator, assignee, trustee, sequestrator (or other similar official) of T Quad or a substantial part of property of T Quad or making any assignment for the benefit of creditors, or admitting in writing its inability to pay its debts generally as they become due, or taking corporation action in furtherance of any such action. 9. Admit any additional member(s) to T Quad or merge or consolidate T Quad with any other person or entity (other than a disregarded entity for federal income tax purposes with respect to the Member) or enter into any partnership, joint venture or other similar enterprise with any other person or entity. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body See narrative for Part VI, line 6. Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders See narrative for Part VI, line 6. Form 990, Part VI, Line 11b Review of form 990 by governing body THE FINAL DRAFT OF THE FORM 990 WAS REVIEWED IN DETAIL BY MANAGEMENT. THE FINAL DRAFT WAS THEN PRESENTED TO EACH VOTING MEMBER OF THE GOVERNING BODY BEFORE IT WAS FILED WITH THE IRS. Form 990, Part VI, Line 12c Conflict of interest policy Provident Resources Group Inc. (PRG) is the sole member of Provident Group - Tubman Quad Properties Inc. (T Quad). All board members of the filing organization as well as PRG's senior management, board of directors, and board committees sign annual conflict of interest statements. All statements are collected and reviewed by Chief Compliance Officer of sole member PRG. Electronic and paper copies of all COI forms are maintained. If a matter concerning a potential conflict arises at a committee or board meeting, the conflict is evaluated without the potentially conflicted member and a determination is made by the committee or governing board about whether the person should be restricted from discussion and vote. Form 990, Part VI, Line 19 Required documents available to the public The organization's financial statements, conflict of interest policy, and governing documents are available upon written request. Form 990, Part XI, Line 9 Other changes in net assets or fund balances MERGED NET ASSETS WITH RELATED ENTITY AND tax exempt BONDS were MERGED - 17524939; PROVIDENT RESOURCES GROUP INC 5565 BANKERS AVENUE BATON ROUGE LA 70808 582492101 CHARITABLE GA 501(c)(3) 10 NA false PROVIDENT OKLAHOMA EDUCATION RESOURCES INC 5565 BANKERS AVENUE BATON ROUGE LA 70808 814203730 SUPPORTING ORGANIZATOIN OK 501(c)(3) Type I PROVIDENT RESOURCES GROUP INC false GEORGIA PROTONCARE CENTER INC 5565 BANKERS AVENUE BATON ROUGE LA 70808 820845208 SUPPORTING ORGANIZATION GA 501(c)(3) Type I PROVIDENT RESOURCES GROUP INC false PROVIDENT COMMONWEALTH EDUCATION RESOURCES INC 5565 BANKERS AVENUE BATON ROUGE LA 70808 811381404 SUPPORTING ORGANIZATION MA 501(c)(3) Type I PROVIDENT RESOURCES GROUP INC false PROVIDENT COMMONWEALTH EDUCATION RESOURCES II INC 5565 BANKERS AVENUE BATON ROUGE LA 70808 831248921 SUPPORTING ORGANIZATION MA 501(c)(3) Type I PROVIDENT RESOURCES GROUP INC false PROVIDENT GROUP - BISON PROPERTIES INC 5565 BANKERS AVENUE BATON ROUGE LA 70808 831863389 SUPPORTING ORGANIZATION DC 501(c)(3) Type I PROVIDENT RESOURCES GROUP INC false PROVIDENT GROUP - OLD MET PROPERTIES INC 5565 BANKERS AVENUE BATON ROUGE LA 70808 843243282 SUPPORTING ORGANIZATION MN 501(c)(3) Type I PROVIDENT RESOURCES GROUP INC false Provident Group - HSC Properties Inc 5565 BANKERS AVENUE BATON ROUGE LA 70808 842443503 SUPPORTING ORGANIZATION LA 501(c)(3) Type I PROVIDENT RESOURCES GROUP INC false celina regional medical center inc 5565 bankers avenue baton rouge LA 70808 871657577 supporting organization TX 501(c)(3) Type I Provident Resources Group Inc false alvin regional medical center inc 5565 bankers avenue baton rouge LA 70808 871967476 supporting organization TX 501(c)(3) Type I Provident Resources Group Inc false PROVIDENT GROUP - CANTON COVE PROPERTIES LLC 5565 BANKERS AVENUE BATON ROUGE LA 70808 462840618 ASSISTED LIVING FACILITY GA NA N/A false false PROVIDENT GROUP - CREEKSIDE PROPERTIES LLC 5565 BANKERS AVENUE BATON ROUGE LA 70808 462860608 ASSISTED LIVING FACILITY GA NA N/A false false MUNICIPAL CORRECTIONS FINANCE HOLDING LLC 5565 BANKERS AVENUE BATON ROUGE LA 70808 721509520 MANAGEMENT DE NA C Corporation false PROVIDENT CAPITAL ADVISORS LLC 5565 BANKERS AVENUE BATON ROUGE LA 70808 260615635 HEALTHCARE GA NA C Corporation false PDG HOLDINGS LLC 5565 BANKERS AVENUE BATON ROUGE LA 70808 463437171 SENIOR LIVING DE NA C Corporation false false false false false false false false false false false false false false true true true false true false