2025-11-17T14:08:28-06:00 2024-12-31 350921680 CROWE LLP 4801 OLYMPIA PARK PLAZA STE 4000 LOUISVILLE KY 402412098 990 2024-01-01 842443503 PROVIDENT GROUP - HSC PROPERTIES INC PROV 2257663977 5565 BANKERS AVE BATON ROUGE LA 70808 DONOVAN O HICKS DIRECTOR/VICE PRESIDENT/SECRETARY 2257663977 2025-11-17 1 0 RACHEL SPURLOCK P00520729 5023263996 2025-11-17 2024 2025-03-06 01:10:19Z STEVE HICKS 5565 BANKERS AVE BATON ROUGE LA 70808 9249897 0 X N/A X 2019 LA PROVIDENT GROUP - HSC PROPERTIES INC. PROMOTES AND ADVANCES EDUCATION AND HEALTH CARE THROUGH THE ACQUISITION, PLANNING, DEVELOPMENT, FINANCING, EQUIPPING, MANAGING, OPERATING, AND MAINTAINING OF ONE OR MORE DORMITORY FACILITIES, PARKING FACILITIES, AND OTHER ANCILLARY FACILITIES. 3 0 0 0 0 0 0 0 4449866 8819700 429084 430197 0 0 4878950 9249897 0 0 0 0 121410 227197 0 0 0 10614788 11569648 10736198 11796845 -5857248 -2546948 99387004 96829213 105244252 105233409 -5857248 -8404196 PROMOTES AND ADVANCES EDUCATION AND HEALTH CARE THROUGH THE ACQUISITION, PLANNING, DEVELOPMENT, FINANCING, EQUIPPING, MANAGING, OPERATING, AND MAINTAINING OF ONE OR MORE DORMITORY FACILITIES, PARKING FACILITIES, AND OTHER ANCILLARY FACILITIES. 0 0 11668095 8819700 PROVIDENT GROUP - HSC PROPERTIES, INC. PROMOTES AND ADVANCES EDUCATION AND HEALTH CARE THROUGH THE DEVELOPMENT, CONSTRUCTION, AND FURNISHMENT OF EDUCATION AND HEALTH CARE RELATED FACILITIES AND THROUGH THE PROVISION OF VARIOUS RELATED PROGRAMS, ACTIVITIES, AND SERVICES. 11668095 1 0 0 0 0 0 0 0 0 0 1 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 0 1 0 0 0 1 13 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 3 0 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 X STEVE HICKS 2257663977 5565 BANKERS AVENUE BATON ROUGE LA 70808 CHRISTOPHER HICKS DIRECTOR/VICE PRESIDENT/TREASURER 1.00 39.00 X X 0 859241 50541 DONOVAN O HICKS DIRECTOR/VICE PRESIDENT/SECRETARY 1.00 39.00 X X 0 604426 40258 MARLA P SCANNICCHIO DIRECTOR 1.00 39.00 X 0 551611 51552 STEVE HICKS PRESIDENT 1.00 39.00 X 0 1082919 28552 0 3098197 170903 0 0 1 0 THE BLUE HOUSE CONSTRUCTION & CONSULTING 1116 S 14TH STREET BATON ROUGE LA 708024193 CONSTRUCTION CONSULTING 186365 S&S MANAGEMENT GROUP LLC 1165 SANCTUARY PKWY SUITE 270 ALPHARETTA GA 30009 MANAGEMENT CONSULTING 159248 UNIVERSITY STUDENT LIVING MANAGEMENT LLC PO BOX 90708 FLOOR 14 CAMDEN NJ 08101 PROPERTY MANAGEMENT 155274 3 RENTAL REVENUE 531120 8774265 8774265 ANCILLARY REVENUE 900099 45435 45435 8819700 430197 430197 9249897 8819700 0 430197 147645 147645 18025 18025 53239 53239 8288 8288 439299 310549 128750 71993 71993 33000 33000 63099 63099 78142 78142 126620 126620 300563 300563 4313 4313 21005 21005 5700365 5700365 2660272 2660272 841872 841872 MAINTENANCE AND REPAIRS 1204334 1204334 BAD DEBT EXPENSES 17262 17262 MISCELLANEOUS 7509 7509 11796845 11668095 128750 0 431484 263651 9563 3682 393400 306483 91943317 5327828 89236574 86615489 9315983 9639908 99387004 96829213 2255494 2249778 98636839 98617327 1531736 1546121 2820183 2820183 105244252 105233409 X -5857248 -8404196 -5857248 -8404196 99387004 96829213 -2546948 0 X 0 1 X 1 0 X X X 1 PROVIDENT RESOURCES GROUP INC 582492101 10 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 91123830 5006880 86116950 819487 320948 498539 86615489 RESTRICTED ESCROWS 9639908 9639908 ACCRUED INTEREST PAYABLE 2820183 2820183 X 9249897 0 9249897 0 9249897 11796845 0 11796845 0 11796845 PART X, LINE 2: THE COMPANY IS A CORPORATION, WHICH IS TAX EXEMPT FOR FEDERAL INCOME TAX PURPOSES. U.S. GAAP PRESCRIBES RECOGNITION THRESHOLDS AND MEASUREMENT ATTRIBUTES FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. TAX BENEFITS WILL BE RECOGNIZED ONLY IF THE TAX POSITION IS MORE-LIKELY-THAN-NOT SUSTAINED IN A TAX EXAMINATION, WITH A TAX EXAMINATION BEING PRESUMED TO OCCUR. THE AMOUNT RECOGNIZED WILL BE THE LARGEST AMOUNT OF TAX BENEFIT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED ON EXAMINATION. FOR TAX POSITIONS NOT MEETING THE MORE-LIKELY-THAN-NOT-TEST, NO TAX BENEFIT WILL BE RECORDED. MANAGEMENT HAS CONCLUDED THAT THEY ARE UNAWARE OF ANY TAX BENEFITS OR LIABILITIES TO BE RECOGNIZED AT DECEMBER 31, 2024 AND 2023. THE COMPANY IS NO LONGER SUBJECT TO EXAMINATION BY U.S. FEDERAL TAXING AUTHORITIES FOR YEARS BEFORE 2021 AND FOR ALL STATE INCOME TAXES THROUGH 2021. THE COMPANY DOES NOT EXPECT THE TOTAL AMOUNT OF UNRECOGNIZED TAX BENEFITS TO SIGNIFICANTLY CHANGE IN THE NEXT 12 MONTHS. 0 0 0 0 0 0 0 0 0 STEVE HICKS PRESIDENT 0 547440 0 470021 0 65458 0 13200 0 15352 0 1111471 0 0 CHRISTOPHER HICKS DIRECTOR/VICE PRESIDENT/TREASURER 0 348260 0 510000 0 981 0 13200 0 37341 0 909782 0 0 DONOVAN O HICKS DIRECTOR/VICE PRESIDENT/SECRETARY 0 348055 0 210000 0 46371 0 13200 0 27058 0 644684 0 0 MARLA P SCANNICCHIO DIRECTOR 0 311966 0 210000 0 29645 0 13200 0 38352 0 603163 0 0 SCHEDULE J, PART I, LINE 3: PROCESS FOR DETERMINING COMPENSATION: PROVIDENT GROUP - HSC PROPERTIES, INC. DOES NOT PAY ANY EMPLOYEES DIRECTLY, 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. A LOUISIANA PUBLIC FACILITIES AUTHORITY 720895871 546399KB1 2020-10-15 100867646 NEW INFRASTRUCTURE AND FACILITIES 0 0 0 A 101481526 6122884 12617682 1840487 78364425 2536048 2023 0 0 1 1 A 0 0 1 1 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 0 0 1 SEE STATEMENT 1 0 1 A 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: LOUISIANA PUBLIC FACILITIES AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 01/01/2024 SCHEDULE K, PART II, LINE 3 - TOTAL PROCEEDS OF ISSUE: THE TOTAL PROCEEDS OF THE ISSUE EXCEEDS THE ISSUE PRICE OF THE BOND, THE DIFFERENCE IS DUE TO INVESTMENT EARNINGS THROUGH THE YEAR PLACED IN SERVICE. INVESTMENT EARNINGS ARE INCLUDED IN THE TOTAL PROCEEDS. SCHEDULE K, PART III, LINE 3A - MANAGEMENT CONTRACTS: THE ORGANIZATION HAS ENTERED INTO MANAGEMENT OR SERVICE CONTRACTS THAT MAY RESULT IN PRIVATE USE WITH RESPECT TO THESE FACILITIES. THESE CONTRACTS HAVE BEEN REVIEWED BY BOND COUNSEL AND TAXPAYER'S COUNSEL FOR COMPLIANCE WITH REVENUE PROCEDURE 2017-13. SCHEDULE K, PART IV, LINE 5B - TERM OF GIC: CONSTRUCTION FUNDS WERE PLACED IN A GIC WITH NOMURA FOR A TERM OF 2 YEARS. THE CAPITALIZED INTEREST FUNDS AND OTHER RESERVE FUNDS WERE PLACED IN GICS WITH NOMURA FOR A TERM OF 2.5 YEARS. SCHEDULE K, PART V - PROCEDURES TO UNDERTAKE CORRECTIVE ACTION: THE SOLE MEMBER OF PROVIDENT GROUP - HSC PROPERTIES INC. HAS ESTABLISHED A WRITTEN TAX EXEMPT BOND COMPLIANCE POLICY WHOSE PURPOSE IS TO HELP FOSTER COMPLIANCE WITH RULES REGARDING RECORDKEEPING, INVESTMENTS AND ARBITRAGE OF BOND PROCEEDS, EXPENDITURE OF BOND PROCEEDS AND PRIVATE BUSINESS USE RELATED TO TAX-EXEMPT BONDS. THE ORGANIZATION REVIEWS THE USE OF THOSE PROCEEDS ON AN ON-GOING BASIS. THE ORGANIZATION WOULD ALERT THE ISSUER TO ANY IDENTIFIED VIOLATIONS OF FEDERAL TAX REQUIREMENTS RELATED TO THESE BONDS IN A TIMELY MANNER. THE ORGANIZATION WOULD COOPERATE WITH THE ISSUER AS NECESSARY TO COMPLY WITH THE VOLUNTARY CLOSING AGREEMENT PROGRAM IF SELF-REMEDIATION IS NOT AVAILABLE. THE ORGANIZATION IS NOT AWARE OF ANY VIOLATIONS OF FEDERAL TAX REQUIREMENTS RELATED TO ANY OUTSTANDING TAX-EXEMPT BONDS. FORM 990, PART VI, SECTION A, LINE 2 FAMILY/BUSINESS RELATIONSHIPS AMONGST INTERESTED PERSONS: STEVE HICKS, DONOVAN HICKS, AND CHRISTOPHER HICKS - FAMILY RELATIONSHIP FORM 990, PART VI, SECTION A, LINE 6 CLASSES OF MEMBERS OR STOCKHOLDERS: THE GOVERNANCE AND MANAGEMENT OF THE BUSINESS AND AFFAIRS OF THE ORGANIZATION IS VESTED IN THE PROVIDENT GROUP - HSC PROPERTIES, INC. (HSC). GOVERNING BODY. PROVIDENT RESOURCE GROUP, INC. (PRG) IS THE SOLE MEMBER OF HSC. PRG APPOINTS THE MEMBERS OF THE HSC GOVERNING BODY AND APPROVES CERTAIN DECISIONS MADE BY THE HSC GOVERNING BODY. THE FOLLOWING MATTERS AND TRANSACTIONS REQUIRE THE APPROVAL OF PRG: 1. MODIFY OR OTHERWISE AMEND THE ARTICLES OF INCORPORATION OR BYLAWS OF HSC. 2. ISSUANCE OF NOTES, BONDS OR OTHER EVIDENCES OF INDEBTEDNESS IN EXCESS OF $100,000 3. APPROVE ANY LOANS FROM HSC TO ANY PERSON OR ENTITY 4. AUTHORIZE OR PERMIT HSC TO BECOME A SURETY, GUARANTOR OR ACCOMMODATION PARTY TO ANY OBLIGATION AND WILL NOT PLEDGE HSC'S ASSETS FOR ANY SUCH OBLIGATION. 5. SELL, DISPOSE OF, OR OTHERWISE ENCUMBER ALL OR SUBSTANTIALLY ALL OF THE ASSETS OF HSC. 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 HSC OR THE CONSOLIDATION MERGER OF HSC WITH OR INTO ANY OTHER ENTITY. 8. VOLUNTARY INSTITUTION OF PROCEEDINGS BY HSC TO BE ADJUDICATED BANKRUPT OR INSOLVENT, OR CONSENTING TO THE INSTITUTION OF BANKRUPTCY OR INSOLVENCY PROCEEDING AGAINST HSC, 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 HSC OR A SUBSTANTIAL PART OF PROPERTY OF HSC 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 HSC OR MERGE OR CONSOLIDATE HSC 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, SECTION A, LINE 7A MEMBERS OR STOCKHOLDERS ELECTING MEMBERS OF GOVERNING BODY: SEE NARRATIVE FOR PART VI, SECTION A, LINE 6. FORM 990, PART VI, SECTION A, LINE 7B DECISIONS REQUIRING APPROVAL BY MEMBERS OR STOCKHOLDERS: SEE NARRATIVE FOR PART VI, SECTION A, LINE 6. FORM 990, PART VI, SECTION B, 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, SECTION B, LINE 12C PROVIDENT RESOURCES GROUP INC. (PRG) IS THE SOLE MEMBER OF PROVIDENT GROUP - HSC PROPERTIES INC. (HSC). 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, SECTION B, LINE 15 PROVIDENT GROUP - HSC PROPERTIES, INC. DOES NOT PAY ANY EMPLOYEES DIRECTLY, 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. A MARKET REVIEW OF COMPENSATION FOR ALL OFFICERS IS PERFORMED. THAT ANALYSIS IS COMPARED TO HISTORICAL COMPENSATION AND EVALUATED RELATIVE TO THE PERCENTILE FOR THE INDUSTRY AND SIZE. 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, SECTION C, LINE 19 THE ORGANIZATION'S FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, AND GOVERNING DOCUMENTS ARE AVAILABLE UPON WRITTEN REQUEST. FORM 990, PART VI, SECTION A, 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, SECTION A, LINE 6 IN SCHEDULE O FOR MORE INFORMATION REGARDING THE RESPONSIBILITIES OF THE HSC GOVERNING BODY AS WELL AS APPROVALS REQUIRED BY THE SOLE MEMBER, PROVIDENT RESOURCES GROUP INC. 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