2025-02-03T14:19:47+00:00 2023-12-31 350921680 CROWE LLP 9600 Brownsboro Road Suite 400 Louisville KY 402413902 990 2023-01-01 582492101 Provident Resources Group Inc PROV 2257663977 5565 Bankers Avenue Baton Rouge LA 70808 Steve Hicks Chairman & CEO 2025-02-03 true Rachel Spurlock P00520729 5023263996 2025-02-03 2023 2025-03-06 01:10:19Z Provident Group Steve Hicks 5565 Bankers Avenue Baton Rouge LA 70808 321606429 false X www.provident.org X 1999 GA Provident Resources Group, Inc. provides for the needs of the elderly, promotes healthy communities, serves the poor & distressed, promotes education, and lessens the burden of government. 6 4 93 0 156757 89040 1537500 13558462 242868449 254253277 57396443 7561768 31431873 46232922 333234265 321606429 2500 31883 0 0 39860934 55033254 0 0 297679416 299446832 337542850 354511969 -4308585 -32905540 2617109061 2982926984 3023044062 3421663951 -405935001 -438736967 The stated charitable purpose of the organization shall include, without limitation, a broad range of activities, programs, and services that: - provide for and serve the needs of the elderly, which may be accomplished by the development, construction, acquisition, ownership, (Continued in Schedule O) false false 204043983 31883 169716893 THE EDUCATION RESOURCES DIVISION PROMOTES AND ADVANCES EDUCATION THROUGH THE DEVELOPMENT, CONSTRUCTION, OPERATION, FINANCING AND MANAGEMENT OF FACILITIES OF VARIOUS TYPES, INCLUDING STUDENT HOUSING, HEALTH AND WELLNESS, AS WELL AS ACADEMIC AND ADMINISTRATIVE SPACE FOR THE BENEFIT OF COLLEGES AND UNIVERSITIES THROUGHOUT THE COUNTRY. AS OF DECEMBER 31, 2023, THE ORGANIZATION OWNED AND OPERATED RESIDENTIAL FACILITIES PROVIDING MORE THAN 18,000 BEDS OF SAFE, convenient AND AFFORDABLE STUDENT HOUSING FOR STUDENTS, FACULTY AND STAFF OF THE INSTITUTIONS WE SERVE. 87602246 90754135 THE SENIOR LIVING RESOURCES DIVISION OFFERS ACTIVITIES, SERVICES AND PROGRAMS DESIGNED TO MEET THE SPECIAL NEEDS OF THE ELDERLY, INCLUDING HOUSING AND HEALTH CARE, WITHIN AN ENVIRONMENT THAT PROMOTES THE DIGNITY AND INDEPENDENCE OF THE RESIDENTS. OUR FACILITIES OFFER THE FINEST AMENITIES ALONG WITH WELLNESS PROGRAMMING, DAILY SOCIAL ACTIVITIES, 24/7 SUPPORT AND CARE, AND EDUCATIONAL OPPORTUNITIES TO ENSURE RESIDENTS ENJOY OPTIMAL QUALITY OF LIFE AND PEACE OF MIND. 49217620 39858414 The Government Resources Division pursues projects designed to lessen the burdens of government. We are committed to easing the financial and budgetary constraints of state and local governments through various means, including the development, financing, construction, management, and operation of public facilities, government buildings, and various systems of public infrastructure essential to delivering government services and supporting private sector economic activity. 340863849 true true false false false false false false false true false false true true false false false false false false false false false false false false false false true true false false false false false false false false true false false false false false true true true true false false true 265 0 true 93 true true true false false false false false false false false false true false X 6 4 true false false false false false false true true false false true true true true true true true true true true X STEVE HICKS 2257663977 5565 BANKERS AVENUE Baton Rouge LA 70808 CHRISTOPHER HICKS PRESIDENT 35.0 5.0 X X 794040 0 46385 STEVE HICKS CHAIRMAN AND CHIEF EXECUTIVE OFFICER 34.0 6.0 X X 3471707 0 27395 NANCY H HENZE DIRECTOR 1.0 2.0 X 24000 0 0 THOMAS E GREENE III DIRECTOR 1.0 0 X 24000 0 0 THOMAS H GREEN III DIRECTOR 1.0 0 X 24000 0 0 WALTER BUMPHUS PH D DIRECTOR 1.0 2.0 X 24000 0 0 DAVID GRAND JR CHIEF OPERATING OFFICER 40.0 0 X 464590 0 36249 DONOVAN O HICKS CHIEF LEGAL OFFICER 34.0 6.0 X 604250 0 37860 JAMEY CORKERN AVP ADMINISTRATION 40.0 0 X 193461 0 45458 MARLA P SCANNICCHIO CHIEF FINANCIAL OFFICER 38.0 2.0 X 502147 0 49123 PAMELA FORESTIER CHIEF ACCOUNTING OFFICER 40.0 0 X 407137 0 15200 RHEBA W ROBERTSON ASSISTANT SECRETARY 23.0 1.0 X 55678 0 0 ALAN ADDISON ACCOUNTING MANAGER 40.0 0 X 112991 0 17611 JAIMEE BOYD GENERAL COUNSEL 40.0 0 X 110187 0 7808 PHUONG NGUYEN CONTROLLER 40.0 0 X 213723 0 19974 7025911 0 303063 10 false true false Corvias Management LLC 301 Metro Center Blvd Suite 204 Warwick RI 02886 Management Company 1165084 ABM Industry Groups LLC 2401 Ronald Regan Washington National Airport Access Rd Arlington VA 22202 Building Maintenance/Facility Services 1139872 Capstone on Campus Management LLC 1500 Urban Center Drive Suite 400 BIRMINGHAM AL 35242 Management Company 887560 GLC Advisors LLC 135 Main Street 11th Floor San Francisco CA 94105 Financial Consultants 884994 Crowe LLP P O BOX 71570 CHICAGO IL 606941570 Audit/Tax Services 681550 35 13558462 13558462 RENTAL REVENUE 532000 210672551 210672551 REVENUE FROM SALES-TYPE LEASE 623990 27513646 27513646 RESIDENT SERVICE REVENUE 900099 8858702 8858702 WELLNESS PROGRAM REVENUES 713940 5303127 5146370 156757 MANAGEMENT RELATED REVENUE 900099 1779687 1779687 125564 125564 0 0 254253277 7561768 7561768 0 0 0 0 GAIN ON EXTINGUISHMENT OF DEBT 900099 12921659 12921659 Interest Income Accretion 900099 7759805 7759805 hospitality food and bevera 900099 9597111 9597111 15954347 15954347 0 0 46232922 321606429 300329442 156757 7561768 31883 31883 6846680 6846680 40118484 38441220 1677264 2714326 2582519 131807 2349843 2064132 285711 3003921 2699226 304695 14862976 14862976 1827132 1765675 61457 1098380 1098380 1391015 864767 526248 0 8011814 8003740 8074 6512401 6440442 71959 3221168 2970226 250942 40244944 40148321 96623 658639 583351 75288 551727 482964 68763 112810951 112658483 152468 61932189 61771652 160537 6052887 6026167 26720 Repairs and Maintenance 19735846 19689056 46790 DIETARY 9450708 9450708 Bad Debt Expense 5053926 3117473 1936453 issuer/trustee/LOC remarketing 1320972 1320972 4709157 3789516 919641 0 354511969 340863849 13648120 0 34512765 36404489 10902896 10457111 0 0 1785221 6329263 8023933 1852767804 426535913 1300014807 1426231891 0 0 1263564109 1501809560 2617109061 2982926984 89801954 126114504 2660369322 3091140000 0 124137663 77330785 148735123 127078662 3023044062 3421663951 X -405935001 -438736967 -405935001 -438736967 2617109061 2982926984 X -32905540 -1095539 1199113 X true X false true false X 650000 1790293 683333 1537500 13558462 18219588 171619327 155858678 184994712 242868449 254096520 1009437686 0 0 0 172269327 157648971 185678045 244405949 267654982 1027657274 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1027657274 3352491 2069700 674563 2089596 7561768 15748118 57055 43297 72403 78191 89040 339986 3409546 2112997 746966 2167787 7650808 16088104 0 20150071 21785854 21803351 31431873 46232922 141404071 195828944 181547822 208228362 278005609 321538712 1185149449 0.8671 0.8730 0.01 0.01 X Schedule A, Part III, Line 12 Other Income DESCRIPTION - OTHER INCOME, COLUMN A - 20150071.0, COLUMN B - 21785854.0, COLUMN C - 21803351.0, COLUMN D - 31431873.0, COLUMN E - 46232922.0, COLUMN F - XXX-XX-XXXX.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 47541895 47541895 1437927444 339751214 1098176230 1197135 282857 914278 108680168 25678778 83001390 257421162 60823064 196598098 1426231891 RESTRICTED ESCROW 621360859 NET INVESTMENT IN SALES TYPE LEASE 667753238 TENANT SECURITY AND OTHER DEPOSITS 571762 ACCRUED INTEREST RECEIVABLE 598294 CONCESSION AGREEMENT 127926464 DUE FROM AFFILIATES 4485349 GOODWILL 31844000 RIGHT OF USE ASSET 47187069 INVESTMENT IN SUBSIDIARY 82525 1501809560 ACCRUED INTEREST 102683206 INTEREST RATE SWAP AGREEMENTS TENANT SECURITY DEPOSITS 391052 LEASE LIABILITIES 24004404 127078662 Schedule D, Part VI, Line 1e Other THE FOLLOWING consolidated Entities were PARTIALLY UNDER CONSTRUCTION IN 2023 AND HAD "CONSTRUCTION IN PROGRESS" TOTALS IN THE "OTHER" CATEGORY: PROVIDENT GROUP - Falcon Properties - $150,109,123 PROVIDENT GROUP - WILLIAMSBURG PROPERTIES - $41,015,486 PROVIDENT GROUP - Brooks Properties - $30,242,892 PROVIDENT GROUP - SCCIL PROPERTIES- $11,936,594 PROVIDENT GROUP - Port Wonder - $4,318,506 Schedule D, Part IX Other Assets THE FOLLOWING consolidated entities were partially OR FULLY UNDER CONSTRUCTION IN 2023 AND HAD "RESTRICTED ESCROW" TOTALS IN THE "OTHER ASSETS" CATEGORY: PROVIDENT GROUP - WILLIAMSBURG PROPERTIES - $204,257,571 PROVIDENT GROUP - Falcon Properties - $104,340,971 Provident Group - SCCIL PROPERTIES - $87,826,209 PROVIDENT GROUP - Brooks Properties - $31,215,497 PROVIDENT GROUP - Port wonder - $1,086,692 X true true X X X X false false false false false false false true false CHRISTOPHER HICKS PRESIDENT 348101 0 445000 0 939 0 11312 0 35073 0 840425 0 0 0 STEVE HICKS CHAIRMAN AND CHIEF EXECUTIVE OFFICER 547802 0 330000 0 2593905 0 13200 0 14195 0 3499102 0 0 0 DONOVAN O HICKS CHIEF LEGAL OFFICER 347879 0 210000 0 46371 0 13200 0 24660 0 642110 0 0 0 MARLA P SCANNICCHIO CHIEF FINANCIAL OFFICER 296742 0 180000 0 25405 0 13200 0 35923 0 551270 0 0 0 JAMEY CORKERN AVP ADMINISTRATION 126769 0 55000 0 11692 0 12566 0 32892 0 238919 0 0 0 PAMELA FORESTIER CHIEF ACCOUNTING OFFICER 249077 0 150000 0 8060 0 13200 0 2000 0 422337 0 0 0 DAVID GRAND JR CHIEF OPERATING OFFICER 272838 0 165000 0 26752 0 13200 0 23049 0 500839 0 0 0 PHUONG NGUYEN CONTROLLER 152812 0 55000 0 5911 0 8581 0 11393 0 233697 0 0 0 Schedule J, Part I, Line 1a First-class or charter travel The board of directors have authorized the Chairman/CEO and President to purchase first class airfare based on their judgment and in their discretion, after reviewing and comparing costs for the first class airfare with business and main cabin airfare, and taking into consideration the time and distance of the flight. Schedule J, Part I, Line 7 Non-fixed payments During the year, the organization/Company paid one-time bonuses to certain employees in recognition of their performance. The bonuses were awarded based on criteria established and reviewed by the independent compensation committee, which is comprised of independent board members of the organization and not based on any individuals discretion. Schedule J, Part II, Column (B)(iii) OTHER REPORTABLE COMPENSATION PROVIDENT RESOURCES GROUP INC.'S PAID TIME OFF POLICY REQUIRES Provident TO PAYout ACCRUED PTO OVER A SPECIFIC LIMIT (WHICH IS DETERMINED ANNUALLY), for all employees. Schedule J, Part II, Column (B)(iii) OTHER REPORTABLE COMPENSATION FOR THE FIRST 20 YEARS OF PRG'S OPERATIONS, THE CEO'S SALARY WAS BELOW INDUSTRY AVERAGES. AS THE COMPANY GREW, AN AT-RISK NONQUALIFIED DEFERRED COMPENSATION PROGRAM WAS ESTABLISHED BY PRG'S INDEPENDENT EXECUTIVE COMPENSATION COMMITTEE WITHIN ITS INDEPENDENT BOARD OF DIRECTORS. THIS PROGRAM AWARDED DEFERRED COMPENSATION BETWEEN OPERATING YEARS 1999 AND 2014, ALL OF WHICH REMAINED SUBJECT TO A SUBSTANTIAL RISK OF FORFEITURE WITH A VESTING DATE OF DECEMBER 31, 2030, SUBJECT TO THE CEO'S CONTINUED SERVICE FOR PRG. UPON VESTING, THE DEFERRED COMPENSATION MUST BE PAID PURSUANT TO THE SHORT-TERM DEFERRAL TIMING RULES BY MARCH 15TH OF THE FOLLOWNG CALENDAR YEAR. IN 2023, THE EXECUTIVE COMPENSATION COMMITTEE ELECTED TO ACCELERATE VESTING OF APPROXIMATELY $2.5 MILLION IN DEFERRED COMPENSATION TO BE PAID TO STEVE HICKS, PRG'S FOUNDER AND CEO, IN A ONE-TIME PAYMENT WITHIN THE SHORT-TERM DEFERRAL PERIOD. THE CEO'S CURRENT BASE ANNUAL SALARY HAS NOT CHANGED AND REMAINS IN LINE WITH PRIOR YEARS. A LA Local Gov environ facilities & community development authority 721416168 546279UQ1 2004-12-15 14610000 (NSU) new infrastructure & facilities false false false B LA Local Gov environ facilities & community development authority 721416168 2007-01-10 3500000 (PCP) new office building false false false C NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY 222045817 2010-06-11 23600000 (Montclair) NEW INFRASTRUCTURE & FACILITIES false false false D LA Local Gov environ facilities & community development authority 721416168 546279UQ1 2007-08-09 17570000 (NSU) new infrastructure & facilities false false false A 5605000 0 14829638 904109 778433 0 255385 159156 0 12732555 0 0 2005 false false true true B 2696744 0 3587087 0 146486 0 70000 0 0 3370601 0 0 2008 false false true true C 7749408 0 23600000 0 0 0 0 0 0 23600000 0 0 2011 false false true true D 5255000 0 18287549 1515452 1319733 0 207326 134697 0 15051999 58342 0 2008 false false true true A false false true true false 0.0 0.0 0.0 false false true B false false false false 0.0 0.0 0.0 false false true C false false true true false 0.0 0.0 0.0 false false true D false false true true false 0.0 0.0 0.0 false false true A false false false true false true Regions Financial 7.0 false false true Morgan Stanley 4.0 true false true B false false false true true true CAPITAL ONE 10.0 false true false false true C false false true false false false false false true D false false false true false true Regions Financial 7.0 false false true MBIA Inc 1.0 true false true A true B true C true D true Schedule K, Part IV, Line 4c Term of Hedge For all bonds reported on Schedule K, the term of the hedge reported is the original term of the hedge. Schedule K, Part III, Line 3a Management Contracts THE TAXPAYER HAS ENTERED INTO MANAGEMENT AGREEMENTS WITH RESPECT TO CERTAIN OF THE PROJECTS DESCRIBED IN SCHEDULE K. THESE CONTRACTS HAVE BEEN REVIEWED BY BOND COUNSEL AND TAXPAYER'S COUNSEL TO ENSURE COMPLIANCE WITH REVENUE PROCEDURE 97-13, 2016-6 AND 2017-13, IF APPLICABLE. Schedule K, Part V Procedures to Undertake corrective action The Organization 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. As of yearend, the Organization is not aware of any violations of federal tax requirements related to any outstanding tax-exempt bonds. Schedule K, Part IV, Line 2b Exception to Rebate For all bonds reported on Schedule K, the project and cost of issuance funds were spent within the temporary periods; however, an arbitrage rebate liability calculation is still required and performed as required. Therefore, the bonds do not qualify for an exception to rebate. Schedule K, Part II, Line 11 LA LOCAL GOVT ENVIR FACILITIES FOR 17,570,000 OTHER SPENT PROCEEDS of $58,342 was USED TO PAY INTEREST. Schedule K, Part IV, Line 5c TERM OF GIC FOR ALL BONDS REPORTED ON SCHEDULE K, THE TERM OF THE GIC REPORTED IS COMPUTED FROM THE DATE OF ISSUE OF THE BONDS TO THE DATE OF TERMINATION OF THE GIC. Schedule K, Part III, Line 5 PRIVATE BUSINESS USE FOR WEST VIRGINIA ECONOMIC DEVELOPMENT AUTHORITY $80,266,039 ISSUE: FOR BONDS ISSUED BY WEST VIRGINIA ECONOMIC DEVELOPMENT AUTHORITY APPROXIMATELY $89,040 OF TAXABLE UNRELATED BUSINESS INCOME WAS IDENTIFIED FOR THE CALENDAR YEAR ENDING 12.31.2023. TOTAL REVENUES FOR THIS PROJECT WERE $10,343,000 FOR THE CALENDAR YEAR ENDING 12.31.2023 RESULTING IN PRIVATE BUSINESS USE AS A RESULT OF UNRELATED BUSINESS ACTIVITY CARRIED OF LESS THAN 1%. Schedule K, Part IV, Line 3 Variable Rate Issue versus Fixed Rate Issue For LA Local Government Environmental Facilities and Community Development Authority (January 2007) 3,500,000 SCHEDULE K - BOND ISSUANCE FOR LA FACILITIES FOR BUILDING OFFICE BUILDING - THIS ISSUANCE HAD 3 SERIES 2007A 2,635,000 VARIABLE RATE 2007B 465,000 FIXED RATE 2007C 400,000 FIXED RATE Schedule K, Part II, Line 3 ALL LISTED BONDS ON SCHEDULE K IF THE TOTAL PROCEEDS OF THE ISSUE EXCEEDS THE ISSUE PRICE OF EACH RESPECTIVE BOND, THE DIFFERENCE IS DUE TO INVESTMENT EARNINGS THROUGH YEAR PLACED IN SERVICE. INVESTMENT EARNINGS ARE INCLUDED IN THE TOTAL PROCEEDS OF EACH ISSUE. Schedule K, Part IV, Line 5c ISSUER: CALIFORNIA STATEWIDE COMMUNITIES DEV AUTHORITY - 44,650,000 FOR CALIFORNIA STATEWIDE COMMUNITIES DEV AUTHORITY, THREE GICS WERE ISSUED: GIC ISSUED BY BAYERISCHE LANDESBANK - TERM 2 YRS GIC ISSUED BY BAYERISCHE LANDESBANK - TERM 2 YRS GIC ISSUED BY BAYERISCHE LANDESBANK - TERM 10 YRS Schedule K, Part IV, Line 5c NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY - $45,068,815 FOR THE NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY - $43,220,000, THREE GICS WERE ISSUED: GIC ISSUED BY DEUTSCHE BANK - TERM 1 YR GIC ISSUED BY DEUTSCHE BANK - TERM 4 YRS GIC ISSUED BY DEUTSCHE BANK - TERM 2 YRS Schedule K, Part II, Line 11 MARYLAND ECONOMIC DEVELOPMENT - $42,590,000 OTHER SPENT PROCEEDS OF $38,304,548 WAS USED TO PAYOFF SERIES 2009 BONDS. THE REMAINING $1,216,746 WAS USED TO PAY ACCRUED INTEREST FROM SERIES 2009 BONDS. Schedule K, Part II, Line 11 NEW JERSEY ECONOMIC DEVELOPMENT - $199,932,376 OTHER SPENT PROCEEDS OF $186,375,000 WAS USED TO PAY A PARTIAL REFUNDING OF SERIES 2010 BONDS. THE REMAINING $7,780,582 WAS USED TO PAY ACCRUED INTEREST FROM SERIES 2010 BONDS. Schedule K, Part II, Line 11 ARIZONA DEVELOPMENT AUTHORY - $66,054,683 OTHER SPENT PROCEEDS OF $59,320,000 WAS USED TO PURCHASE A 2018 BAN THAT WAS USED TO AQUIRE THE PARKING SYSTEM. THE REMAINING $1,133,671 WAS USED TO PAY ACCRUED INTEREST FROM SERIES 2018 BAN. Schedule K, Part IV, Line 5c AUTHORITY INDUSTRIAL DEVELOPMENT AUTHORITY $371,924,669 FOR ARIZONA INDUSTRIAL DEVELOPMENT AUTHORITY, THREE GICS WERE ISSUED: GIC ISSUED BY BAYERISCHE LANDESBANK - TERM 10 YRS Schedule K, Part IV, Line 5c PALM BEACH COUNTY, FLORIDA $43,025,276 FOR PALM BEACH COUNTY, FLORIDA: 2 GIC'S ISSUED BY BAYERISCHE LANDESBANK - TERM 1 YR 1 GIC ISSUED BY BAYERISCHE LANDESBANK - TERM 2 YRS Schedule K, Part IV, Line 5c ILLINOIS FINANCING AUTHORITY $76,320,022 FOR ILLINOIS FINANCING AUTHORITY, TWO GICS WERE ISSUED: GIC ISSUED BY DEUTSCHE BANK - TERM 2 YRS Schedule K, Part IV, Line 5c LOUISIANA PUBLIC FACILITIES AUTHORITY $92,417,529 FOR LOUISIANA PUBLIC FACILITIES AUTHORITY: 2 GIC'S ISSUED BY BAYERISCHE LANDESBANK - TERM 2 YRS Schedule K, Part I, Column (c) Arizona Industrial Development Authority - 27,923,100 The Arizona Industrial Development Authority has two CUSIP numbers: 04052AAZ9 AND 04052ABA3 Schedule K, Part IV, Line 5c ILLINOIS FINANCE AUTHORITY $171,135,473 FOR ILLINOIS FINANCE AUTHORITY, TWO GICS WERE ISSUED: GIC ISSUED BY SOCIETE GENERAL - TERM 2 YEARS GIC ISSUED BY SOCIETE GENERAL - TERM 3 YEARS Schedule K, Part IV, Line 5c Palm Beach County, Florida $39,385,000 For the palm beach county, Florida: 2 GIC's Issued by Mass Mutual - Term 2 yrs 1 GIC issued by Nomura - Term 1 yr Schedule K, Part II, Line 11 Arizona Industrial Development Authority - 111,095,831 Other spent proceeds of $94,175,863 was used for the acquisition of concession interest. Schedule K, Part II, Line 11 ARIZONA INDUSTRIAL DEVELOPMENT AUTHORITY - $27,923,100 other spent proceeds of $2,327,374 was used for the purchase of land. Schedule K, Part II, Line 11 ARIZONA INDUSTRIAL DEVELOPMENT AUTHORITY - $31,835,000 other spent proceeds of $26,635,000 were used to refund prior tax-exempt bonds. Schedule K, Part IV, Line 5c ARIZONA INDUSTRIAL DEVELOPMENT AUTHORITY $214,419,526 FOR ARIZONA INDUSTRIAL DEVELOPMENT AUTHORITY $214,419,526: 2 GIC'S ISSUED BY Nomura - TERM 2 YRs, and 5 GIC's ISSUED BY Societe Generale - TERM 2 YRS Schedule K, Part II, Line 11 ARIZONA INDUSTRIAL DEVELOPMENT AUTHORITY $371,924,669 OTHER SPENT PROCEEDS OF $359,686,246 WERE used for the acquisition of senior living communities. Schedule K, Part II, Line 11 CAPITAL PROJECTS FINANCE AUTHORITY $68,722,361 OTHER SPENT PROCEEDS OF $61,828,068 WERE used to extinguish prior notes payable. Schedule K, Part II, Line 11 Arizona Industrial Development Authority $214,419,526 OTHER SPENT PROCEEDS OF $4,749,249 WERE MADE UP OF PRE-OPENING EXPENSE ACCOUNT OF $3,886,236 AND A CAPITALIZED GROUND LEASE FUND OF $63,013. Schedule K, Part II, Line 11 Economic Development Authority City of Williamsburg, VA $221,482,761 OTHER SPENT PROCEEDS OF $7,838,627 WERE USED FOR AN UPFRONT GROUND LEASE PAYMENT. Schedule K, Part II, Line 11 WEST VIRGINIA ECONOMIC DEVELOPMENT AUTHORITY OTHER SPENT PROCEEDS OF $78,451,684 WAS USED for the refunding of the 2010 bonds. Schedule K, Part IV, Line 5c Economic Development Authority City of Williamsburg, VA $221,482,761 Economic Development Authority of the City of Williamsburg, VA, two gics were issued: GIC ISSUED BY Toronto-Dominion - TERM 2 YRS GIC ISSUED BY Toronto-Dominion - TERM 3 YRS Schedule K, Part IV, Line 5c Economic Development Authority City of Williamsburg, VA $25,496,463 Economic Development Authority of the City of Williamsburg, VA, two gics were issued: GIC ISSUED BY Toronto-Dominion - TERM 1 YR GIC ISSUED BY Toronto-Dominion - TERM 2 YRS Schedule K, Part IV, Line 2c COLUMN A Issuer name: LA Local Gov environ facilities & community development authority The calculation for computing no rebate due was performed on 06/15/2022 Schedule K, Part IV, Line 2c COLUMN B Issuer name: LA Local Gov environ facilities & community development authority The calculation for computing no rebate due was performed on 01/01/2022 Schedule K, Part IV, Line 2c COLUMN D Issuer name: LA Local Gov environ facilities & community development authority The calculation for computing no rebate due was performed on 06/15/2022 Schedule K, Part IV, Line 2c COLUMN A Issuer name: SEMINOLE COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY The calculation for computing no rebate due was performed on 06/28/2021 Schedule K, Part IV, Line 2c COLUMN B Issuer name: CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY The calculation for computing no rebate due was performed on 01/15/2023 Schedule K, Part IV, Line 2c COLUMN C Issuer name: DISTRICT OF COLUMBIA The calculation for computing no rebate due was performed on 04/01/2023 Schedule K, Part IV, Line 2c COLUMN D Issuer name: NJ ECONOMIC DEVELOPMENT AUTHORITY The calculation for computing no rebate due was performed on 04/30/2020 Schedule K, Part IV, Line 2c COLUMN A Issuer name: LOUISIANA PUBLIC FACILITIES AUTHORITY The calculation for computing no rebate due was performed on 07/01/2021 Schedule K, Part IV, Line 2c COLUMN B Issuer name: LOUISIANA PUBLIC FACILITIES AUTHORITY The calculation for computing no rebate due was performed on 07/01/2022 Schedule K, Part IV, Line 2c COLUMN C Issuer name: PUBLIC FINANCE AUTHORITY The calculation for computing no rebate due was performed on 02/28/2023 Schedule K, Part IV, Line 2c COLUMN D Issuer name: NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY The calculation for computing no rebate due was performed on 01/01/2023 Schedule K, Part IV, Line 2c COLUMN A Issuer name: MARYLAND ECONOMIC DEVELOPMENT CORPORATION The calculation for computing no rebate due was performed on 07/01/2023 Schedule K, Part IV, Line 2c COLUMN B Issuer name: NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY The calculation for computing no rebate due was performed on 06/01/2023 Schedule K, Part IV, Line 2c COLUMN C Issuer name: ARIZONA INDUSTRIAL DEVELOPMENT AUTHORITY The calculation for computing no rebate due was performed on 07/19/2023 Schedule K, Part IV, Line 2c COLUMN B Issuer name: LOUISIANA LOCAL GOVERNMENT ENVIRONMENTAL FACILITIES AND COMMUNITY DEVELOPMENT AUTHORITY The calculation for computing no rebate due was performed on 07/01/2023 Schedule K, Part IV, Line 2c COLUMN D Issuer name: ARIZONA INDUSTRIAL DEVELOPMENT AUTHORITY The calculation for computing no rebate due was performed on 07/01/2023 Schedule K, Part IV, Line 2c COLUMN A Issuer name: ARIZONA INDUSTRIAL DEVELOPMENT AUTHORITY The calculation for computing no rebate due was performed on 01/02/2023 Schedule K, Part IV, Line 2c COLUMN B Issuer name: ILLINOIS FINANCE AUTHORITY The calculation for computing no rebate due was performed on 10/01/2023 Schedule K, Part IV, Line 2c COLUMN D Issuer name: ILLINOIS FINANCE AUTHORITY The calculation for computing no rebate due was performed on 10/01/2023 Schedule K, Part IV, Line 2c COLUMN B Issuer name: Palm Beach County, Florida The calculation for computing no rebate due was performed on 05/31/2023 Schedule K, Part IV, Line 2c COLUMN C Issuer name: Economic Development Authority of the City of Radford, Virginia The calculation for computing no rebate due was performed on 01/01/2023 Schedule K, Part IV, Line 2c COLUMN A Issuer name: Arizona Industrial Development Authority The calculation for computing no rebate due was performed on 12/01/2023 A SEMINOLE COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY 592349746 2013-12-30 56000000 (UCF) ACQUISITION OF FACILITIES false false false B CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY 680164610 13078RFG0 2013-05-13 44650000 (Pomona) NEW INFRASTRUCTURE & FACILITIES false false false C DISTRICT OF COLUMBIA 536001131 25483WAK8 2013-02-14 113931725 (Howard) NEW INFRASTRUCTURE & FACILITIES false false false D NJ ECONOMIC DEVELOPMENT AUTHORITY 222015817 64577BHW7 2015-04-30 130507859 (Rowan) NEW INFRASTRUCTURE & FACILITIES false false false A 6925000 0 56000000 2000000 0 0 503335 0 0 53496665 0 0 2013 false false true true B 2420000 0 44650111 3870000 3466034 0 893000 0 0 36421077 0 0 2015 false false true true C 11365000 0 113978481 7291125 10379367 0 2192356 0 0 94115633 0 0 2015 false false true true D 4050000 0 130741814 8177867 10634134 0 2440494 0 0 109489319 0 0 2016 false false true true A false false true true false 0.0 0.0 0.0 false false true B false false true true false 0.0 0.0 0.0 false false true C false false true true false 0.0 0.0 0.0 false false true D false false true true false 0.0 0.0 0.0 false false true A false false false true false false false Bank of America 13.0 false true B false false false true false false true BayernLB 2.0 true false true C false false false true false false true DEUTSCHE BANK 2.0 true false true D false false false true false false false false true A true B true C true D true A LOUISIANA PUBLIC FACILITIES AUTHORITY 720895871 54639TBU5 2016-09-28 251518866 (LSU-NG) NEW INFRASTRUCTURE & FACILITIES false false false B LOUISIANA PUBLIC FACILITIES AUTHORITY 720895871 54639TCL4 2017-10-03 94664533 (LSU-GH) NEW INFRASTRUCTURE & FACILITIES false false false C PUBLIC FINANCE AUTHORITY 273866124 74444UAE2 2017-02-28 114986300 (Irving) NEW INFRASTRUCTURE & FACILITIES false false false D NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY 222045817 64577BG57 2017-02-23 45068815 (Kean) NEW INFRASTRUCTURE & FACILITIES false false false A 0 0 253267522 0 24470735 0 3668940 0 0 223592156 0 1535691 2018 false false false true B 0 0 96070795 0 8024373 0 1745765 0 0 85717666 0 582991 2019 false false false true C 0 0 116532895 14680300 12895333 0 2147126 0 8000000 78810136 0 0 2019 false false true true D 1170000 0 45656361 2862825 4140109 0 866953 0 0 37746452 0 40022 2018 false false false true A false false true true false 0.0 0.0 0.0 false false true B false false true true false 0.0 0.0 0.0 false false true C false false true true false 0.0 0.0 0.0 false false true D false false true true false 0.0 0.0 0.0 false false true A false false false true false false false false true B false false false true false false false false true C false false false true false false false false true D false false false true false false true DEUTSCHE BANK AG 2.0 true false true A true B true C true D true A MARYLAND ECONOMIC DEVELOPMENT CORPORATION 521376562 2017-09-26 42590000 (Towson) REFINANCE SERIES 2009 BONDS false false false B NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY 222045817 64577B4L5 2017-12-28 199932376 (Montclair) ADVANCED PARTIAL REFUNDING OF SERIES 2010A BONDS false false false C ARIZONA INDUSTRIAL DEVELOPMENT AUTHORITY 813526584 04052AAS5 2018-07-19 66054683 (EMU) Acquisition of parking system false false false D ARIZONA INDUSTRIAL DEVELOPMENT AUTHORITY 813526584 04052TCV5 2019-03-28 371924669 (GLSL) ACQUISITION OF SENIOR LIVING PROPERTIES false false false A 7407000 0 42590000 1097999 0 0 577851 0 1392856 39521294 0 2017 true false true true B 15110000 0 199932376 0 0 0 3564478 2212316 0 0 194155582 0 2017 false true true true C 407710 0 66054683 1399125 0 0 1140412 0 0 3061475 60453671 0 2018 false false true true D 8365000 0 371924669 4814434 0 0 7423989 0 0 359686246 0 2019 false false true true A false false true true false 0.0 0.0 0.0 false false true B false false true true false 0.0 0.0 0.0 false false true C false false true true false 0.0 0.0 0.0 false false true D false false true true false 0.0 0.0 0.0 false false true A false false false true true true BANK OF AMERICA 5.0 false false false false true B false false false true false false false false true C false false false true false false false DEUTSCHE false true D false true false false false false true BayernLB 10.0 true false true A true B true C true D true A VIRGINIA SMALL BUSINESS FINANCING AUTHORITY 541300845 92810PAY7 2019-02-08 111095831 (Ballston) ACQUISITION OF INTEREST IN FACILITIES false false false B LOUISIANA LOCAL GOVERNMENT ENVIRONMENTAL FACILITIES AND COMMUNITY DEVELOPME NT AUTHORITY 721416168 54628CHY1 2019-05-29 27360508 (ULM) NEW INFRASTRUCTURE & FACILITIES false false false C PALM BEACH COUNTY FLORIDA 596000785 696547GK8 2019-06-25 43025276 (PBAU) NEW INFRASTRUCTURE & FACILITIES false false false D ARIZONA INDUSTRIAL DEVELOPMENT AUTHORITY 813526584 04052VAU4 2019-06-20 122504583 (NCCU) NEW INFRASTRUCTURE & FACILITIES false false false A 510000 0 111095831 9560783 5000000 0 2013185 0 346000 0 94175863 0 2019 false false true true B 110000 0 27686066 1666250 2040992 0 538831 0 0 23074337 0 365656 2021 false false false true C 295000 0 43635732 2655394 2043996 0 859215 0 0 38054531 0 22597 2020 false false false true D 0 0 124340340 6375115 11549881 0 2121226 1493481 0 102130848 0 1002 2020 false false false true A false false true true false 0.0 0.0 0.0 false false true B false false true true false 0.0 0.0 0.0 false false true C false false true true false 0.0 0.0 0.0 false false true D false false true true false 0.0 0.0 0.0 false false true A false true false false false false false false true B false false false true false false false false true C false true false false false false true BayernLB true false true D false false false true false false false false true A true B true C true D true A ARIZONA INDUSTRIAL DEVELOPMENT AUTHORITY 813526584 2019-04-16 27923100 (Harlingen) NEW INFRASTRUCTURE & FACILITIES false false false B ILLINOIS FINANCE AUTHORITY 861091967 A52017AT3 2019-05-30 76320022 (UIUC) NEW INFRASTRUCTURE & FACILITIES false false false C LOUISIANA PUBLIC FACILITIES AUTHORITY 720895871 54639TCV2 2019-09-26 92417529 (Flagship-GH #3) NEW INFRASTRUCTURE & FACILITIES false false false D ILLINOIS FINANCE AUTHORITY 861091967 452031AR8 2020-08-27 171135473 (UIC Surgery) NEW INFRASTRUCTURE & FACILITIES false false false A 0 0 27968488 2757316 2072300 0 1437113 0 0 19374385 2327374 0 2020 false false true true B 0 0 76967342 0 5466259 0 1175134 0 0 70241385 0 84564 2021 false false false true C 0 0 93926172 0 7494127 0 1559175 0 0 82925119 0 1947751 2021 false false false true D 2030000 171960282 0 15424036 0 2701768 0 0 152117538 0 1716940 2022 false false false true A false false true true false 0.0 0.0 0.0 false false true B false false true true false 0.0 0.0 0.0 false false true C false false true true false 0.0 0.0 0.0 false false true D false false true true false 0.0 0.0 0.0 false false true A false false false true false false false false true B false false false true false false true DEUTSCHE BANK AG 2.0 true false true C false true false false false false true BayernLB 2.0 true false true D false false false true false false true SOCIETE GENERALE true false true A true B true C true D true A CALIFORNIA ENTERPRISE DEVELOPMENT AUTHORITY 352273601 13069BAR7 2020-12-17 78256258 (SDSU) ACQUISITION OF FACILITIES false false false B Palm Beach County Florida 596000785 696547hn1 2021-05-12 39385000 (Lynn) new infrastructure & facilities false false false C Economic Development Authority of the City of Radford Virginia 2021-04-14 36770000 (Radford) new infrastructure & facilities false false false D Arizona Industrial Development Authority 813526584 04052tcv5 2021-08-31 31835000 (Great Lakes) funds for improvement of facilities false false false A 525000 0 78256258 5137125 0 0 1523454 0 0 71595679 0 0 2020 false false true true B 0 39418476 2483866 3416164 0 787700 0 0 32681775 0 96458 2022 false false false true C 0 0 36883868 2300000 3260056 0 545964 0 886382 29081332 0 810135 2023 false false false true D 0 0 31835000 0 0 0 104000 0 0 3374476 26635000 1721524 2021 true false false true A false false true true false 0.0 0.0 0.0 false false true B false false true true false 0.0 0.0 0.0 false false true C false false true true false 0.0 0.0 0.0 false false true D false false true true false 0.0 0.0 0.0 false false true A false true false false false false true MassMutual 5.0 true false true B false false false true false false true MassMutual 1.0 true false true C false false false true false false false false true D false true false false false false false false true A true B true C true D true A Arizona Industrial Development Authority 813526584 2022-01-31 218232800 (Falcon) NEW INFRASTRUCTURE & FACILITIES false false false B Public Finance Authority 273866124 74444UAZ5 2022-12-14 173999136 (Brooks) NEW INFRASTRUCTURE & FACILITIES false false false C Illinois Finance Authority 861091967 45203NBT5 2023-05-04 95624736 (SCCIL) NEW INFRASTRUCTURE & FACILITIES false false false D Economic Development Authority of the City of Williamsburg VIRGINIA 541696911 969671AW6 2023-07-12 221482761 (Williamsburg-A) NEW INFRASTRUCTURE & FACILITIES false false false A 0 0 222739642 21438251 24796565 510460 1100000 118393087 4749249 51752029 false false false true B 0 0 173999136 11072000 2768663 160158473 false false false true C 0 98012944 7795485 1757100 26540694 61919665 false false false true D 0 225972936 23178441 3239365 1828756 31910107 7838627 157977640 false false false true A false false true true false 0.0 0.0 0.0 false false true B false false true true false 0.0 0.0 0.0 false false true C false false true true false 0.0 0.0 0.0 false false true D false false true true false 0.0 0.0 0.0 false false true A false false false true false false true Normara & Societe Generale 2.0 true false true B false true false false false false true massmutual 2.0 true false true C false true false false false false false false true D false true false false false false true Toronto-Dominion 2.0 true false true A true B true C true D true A Economic Development Authority of the City of Williamsburg Virginia 541696911 969669AX8 2023-07-12 25496463 (Williamsburg-B) NEW INFRASTRUCTURE & FACILITIES false false false B Capital Projects Finance Authority 651070560 140427CC7 2023-08-23 68722361 (Continuum) refunding of loans and improvement of infrastructure and facilities false false false C West Virginia Economic Development Authority 550460512 95649DAW8 2023-08-31 80266039 (Marshall) Refunding of series 2010 bonds false false false A 0 26017943 2104566 356971 3279515 20276891 false false false true B 0 68722361 5690274 1204019 61828068 2023 false false true true C 0 80266039 1428455 385900 78451684 2023 true false true true A false false true true false 0.0 0.0 0.0 false false true B false false true true false 0.0 0.0 0.0 false false true C false false true true false 0.0 0.0 0.0 false false true A false true false false false false true Toronto-Dominion 1.0 true false true B false true false false false false true Toronto-Dominion 7.0 true false true C false true false false false false false false true A true B true C true STUART HICKS FAMILY MEMBER OF DONOVAN O. HICKS, OFFICER 84000 salary and employee benefits false William Hicks FAMILY MEMBER OF DONOVAN O. HICKS, OFFICER 90000 salary and employee benefits false Form 990, Part III, Line 1 MISSION STATEMENT (CONTINUED FROM FORM 990, PART III, LINE 1) OPERATION, MANAGEMENT, AND DISPOSITION OF SKILLED NURSING FACILITIES, ASSISTED LIVING FACILITIES, INDEPENDENT LIVING FACILITIES, REHABILITATIVE CARE FACILITIES, AND OTHER TYPES OF SENIOR LIVING FACILITIES. - SERVE TO PROMOTE AND ADVANCE THE PHYSICAL HEALTH, EMOTIONAL HEALTH, MENTAL HEALTH AND SOCIAL WELL-BEING OF THE INDIVIDUALS, FAMILIES, AND COMMUNITIES SERVED BY THE ORGANIZATION, WHICH MAY BE ACCOMPLISHED BY THE DEVELOPMENT, CONSTRUCTION, ACQUISITION, OWNERSHIP, MANAGEMENT, MAINTENANCE, OPERATION, AND DISPOSITION OF GENERAL AND ACUTE CARE, HOSPITAL FACILITIES, MEDICAL CLINICS, MENTAL HEALTH FACILITIES, REHABILITATIVE CARE FACILITIES, PEDIATRIC FACILITIES, MEDICAL RESEARCH AND DIAGNOSTIC FACILITIES, MEDICAL TRAINING AND EDUCATIONAL FACILITIES, AND OTHER TYPES OF INPATIENT RELATED SERVICES, PROGRAMS, AND ACTIVITIES THAT MAY BE PURSUED. - SERVE TO RELIEVE THE POOR AND DISTRESSED, COMBAT COMMUNITY DETERIORATION, ELIMINATE DISCRIMINATION AND PREJUDICE, AND LESSEN NEIGHBORHOOD TENSIONS BY PROVIDING SAFE, DECENT, AND SANITARY HOUSING TO PERSONS OF LOW AND VERY LOW INCOME. - SERVE TO LESSEN THE BURDEN OF GOVERNMENT, WHICH CHARITABLE PURPOSE MAY BE ACCOMPLISHED THROUGH VARIOUS MEANS, INCLUDING, WITHOUT LIMITATION, THE DEVELOPMENT, CONSTRUCTION, ACQUISITION, OWNERSHIP, MANAGEMENT, MAINTENANCE, OPERATION AND DISPOSITION OF PUBLIC FACILITIES, PUBLIC BUILDINGS, PUBLIC WORKS, AND INFRASTRUCTURE OF VARIOUS TYPES. - SERVE TO PROMOTE AND ADVANCE EDUCATION THROUGH VARIOUS MEANS INCLUDING THE DEVELOPMENT, CONSTRUCTION, ACQUISITION, OWNERSHIP, MANAGEMENT, MAINTENANCE, OPERATION, AND DISPOSITION OF FACILITIES OF VARIOUS TYPES INCLUDING EDUCATIONAL, RESEARCH, AND STUDENT-HOUSING FACILITIES AND THROUGH THE PROVISION OF DEVELOPMENT, ENRICHMENT, COUNSELING, TUTORING, AND OTHER ACTIVITIES, SERVICES, AND PROGRAMS. Form 990, Part VI, Line 3 DELEGATION OF MANAGEMENT DUTIES Provident Resources Group Inc. does contract with third party management companies to oversee day to day operations for some of its properties. However, the management company does not act in their capacity to perform the functions typically done by officers or directors. These properties have committees that make recommendations to the officers and directors of Provident Resources Group Inc.. The Provident Resources Group Inc. officers and directors have the ultimate authority to make these decisions. Form 990, Part VI, Line 1a Delegate broad authority to a committee Board-Delegated Power Committees of Directors; Executive Committee: Pursuant to Section 14-3-825 of the Act, the Board of Directors, by resolution passed by a majority of the Directors then in office, may designate one or more other committees to have to the extent provided in such resolution. The Board of Directors may designate and exercise the Board of Director's authority under Section 14-3-801 of the Act ("Board-delegated powers") such committees as it determines necessary or appropriate for the conduct of the Corporation's affairs, each such committee to consist of such Directors of the Corporation and such other persons (who formerly were members of the Board of Directors) as are appointed by the board who shall serve at the pleasure of the Board of Directors. Except to the extent that such grant of powers is limited by Section 14-3-825 of the Act, to the extent provided in the resolution, any such committee with Board-delegated powers will have and may exercise all the authority of the Board of Directors granted to it by resolution of the Board of Directors. Such committee or committees will have such name or names as may be determined from time to time by resolution adopted by the Board of Directors. Each committee shall elect a chairman from among the members of such committee. Each committee shall also keep regular minutes of its proceedings and report the same to the Board of Directors when required. The Board of Directors may, by resolution passed by a majority of the Directors then in office, at any time change the members of; fill vacancies in; limit, expand or alter the authority of; and discharge any committee of said Board of Directors. The Board of Directors may, but shall not be required to, create an Executive Committee of the Board of Directors. If created, the Executive Committee shall be created pursuant to this Section 7.1 and shall, in the interim between meetings of the Board of Directors, have and exercise such power and authority of the Board of Directors under Section 14-3-801 in the management of the affairs of the Corporation as are delegated by the Board of Directors as limited by the Act. Form 990, Part VI, Line 2 Family/business relationships amongst interested persons STEVE HICKS, DONOVAN HICKS and CHRISTOPHER HICKS - Family relationship 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 audit committee (comprised of non management board members) for their review and information. each voting member of the governing body also received a copy of the Form 990 before it was filed with the IRS. Form 990, Part VI, Line 12c Conflict of interest policy All members of senior management, board of directors, and board committees sign annual conflict of interest statements. All statements are collected and reviewed by Chief Compliance Officer. 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 15a Process to establish compensation of top management official 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 independent 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 15b Process to establish compensation of other employees See narrative above for Part VI, Line 15a 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 VIII, Line 2c REVENUE FROM SALES-TYPE LEASE Provident Resources Group Inc's education properties have net investment in sales-type leases. The properties deferred the interest income on the sales-type leases, which is being recognized as operating interest income over the life of the leases. Form 990, Part VIII, Line 2f Other Program Service Revenue Ancillary Revenue - Total Revenue: 125564, Related or Exempt Function Revenue: 125564, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Form 990, Part VIII, Line 11d Other Miscellaneous Revenue other revenue - Total Revenue: 11363134, Related or Exempt Function Revenue: 11363134, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; PARKING INCOME - Total Revenue: 1498761, Related or Exempt Function Revenue: 1498761, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; permit income - Total Revenue: 3092452, Related or Exempt Function Revenue: 3092452, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Form 990, Part X, Line 27 Net Asset Deficit The complex financing structures of Provident's projects, the majority of which finance depreciable assets, lead to large non-cash expenses in the "non-operating revenues (expenses)" on our operating statement and therefore a significant accumulated net asset deficit is reflected. To date, the most significant non-cash expenses include subordinate interest, which is repaid from excess cash; subordinate expenses unpaid; depreciation; and amortization. While accounting rules require disclosing these non-cash items, the resulting deficit reported is not an indication of true operating losses. Provident prudently manages the assets in our portfolio to meet the covenants within our financing documents while serving the communities we are called on to assist. Form 990, Part XI, Line 9 Other changes in net assets or fund balances UNREALIZED GAIN/LOSS ON INTEREST RATE SWAP - 1199113; Form 990 Filing Deadline - Following the federal disaster relief issued by FEMA for the affected areas of Tropical Storm Francine, the organization is filing the 2023 Form 990 by the declared extended due date of February 3, 2025. GRACELAND NURSING CENTER LLC 5565 BANKERS AVENUE BATON ROUGE LA 70808 621826172 SENIOR LIVING TN 0 0 PROVIDENT RESOURCES GROUP INC PROVIDENT FOUNDATION-WEDGEWOOD TERRACE LLC 5565 BANKERS AVENUE BATON ROUGE LA 70808 721502336 Senior Living ID 1914417 2082236 PROVIDENT RESOURCES GROUP INC PROVIDENT GROUP-CITRUS HEALTH AND REHABILITATION CENTER LLC 5565 BANKERS AVENUE BATON ROUGE LA 70808 753006601 SENIOR LIVING DE 0 0 PROVIDENT RESOURCES GROUP INC EMMAUS SENIOR LIVING HOLDINGS LLC 5565 BANKERS AVENUE BATON ROUGE LA 70808 752976989 ASSISTED LIVING GA 0 0 PROVIDENT RESOURCES GROUP INC PROVIDENT GROUP-NSU PROPERTIES LLC 5565 BANKERS AVENUE BATON ROUGE LA 70808 770650670 EDUCATION LA 5328557 19617772 PROVIDENT RESOURCES GROUP INC PROVIDENT RESOURCES GROUP - TOWSON PLACE PROPERTIES LLC 5565 BANKERS AVENUE BATON ROUGE LA 70808 264740719 EDUCATION MD 5534135 29115262 PROVIDENT RESOURCES GROUP INC PROVIDENT RESOURCES MANAGEMENT LLC 5565 BANKERS AVENUE BATON ROUGE LA 70808 264155963 CORPORATE LA 469016 118107 PROVIDENT RESOURCES GROUP INC PROVIDENT GROUP - 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