2024-02-15T10:15:02-06:00 2022-12-31 590602635 SMOAK DAVIS & NIXON LLP 5011 GATE PARKWAY BLDG 100 STE 300 JACKSONVILLE FL 322560562 990 2022-01-01 264520112 PATRIOT SERVICES GROUP INC FKA INVEST IN AMERICA'S VETERANS FOUNDAT PATR 9046862681 10151 DEERWOOD PARK BLVD 200 250 JACKSONVILLE FL 32256 FREDERICK WHEAT EXECUTIVE DIRECTOR 9046862681 2024-01-30 1 FREDERICK WHEAT 999009999 0 ROBERT T LOVERICH P00218080 9043965831 2024-01-29 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z SHANE CORMIER 10151 DEERWOOD PARK BLVD BLDG 200 STE 250 JACKSONVILLE FL 32256 31834785 0 X PATRIOTSERVICES.ORG X 2010 FL TO PROVIDE SAFE, CLEAN, AFFORDABLE HOUSING TO LOW- TO VERY-LOW-INCOME INDIVIDUALS AND FAMILIES ALONG WITH SPECIAL PROGRAMS AND SERVICES TO ASSIST HOMELESS VETERANS ACROSS THE NATION 10 10 3 10 0 0 31387 237503 17778860 28131431 0 0 1858893 3465851 19669140 31834785 0 0 0 0 2125869 4405344 0 0 149348 23925225 45193294 26051094 49598638 -6381954 -17763853 251560503 358493942 263419103 388895459 -11858600 -30401517 X TO PROVIDE SAFE, CLEAN, AFFORDABLE HOUSING TO LOW- TO VERY-LOW-INCOME INDIVIDUALS AND FAMILIES ALONG WITH SPECIAL PROGRAMS AND SERVICES TO ASSIST HOMELESS VETERANS ACROSS THE NATION 0 0 44658186 31597282 PATRIOT HOUSING INITIATIVE CONTINUED TO PROVIDE AFFORDABLE HOUSING WITH A FOCUS ON HELPING HOMELESS VETERANS AND THEIR FAMILIES. PSG'S MULTI-FAMILY PORTFOLIO CONSISTED OF "THE COVE AT NOLA" WHICH HAS 300 UNITS AND IS LOCATED IN NEW ORLEANS, LA; "THE RUBIX" WHICH HAS 236 UNITS AND IS LOCATED IN LAS VEGAS, NV; "TIMBER OAKS" WHICH HAS 235 UNITS AND IS LOCATED IN INGLESIDE, IL; "PRAIRIE VIEW" WHICH HAS 334 UNITS AND IS LOCATED IN WOODSTOCK, IL; THE "WEST VIRGINIA PORTFOLIO" WHICH HAS A TOTAL OF 991 UNITS SCATTERED THROUGHOUT HUNTINGTON AND CHARLESTON, WV; THE "MISSISSIPPI 1.0 PORTFOLIO" WHICH HAS 668 UNITS SCATTERED THROUGHOUT PASCAGOULA, MS; THE "SE-LOUISIANA PORTFOLIO" WHICH HAS 475 UNITS SCATTERED THROUGHOUT NEW IBERIA, LAFAYETTE, NEW ORLEANS, AND BATON ROUGE, LA; THE "MISSISSIPPI 2.0 PORTFOLIO" WHICH HAS 196 UNITS SCATTERED THROUGHOUT PASCAGOULA, MS; THE "FL-AL" PORTFOLIO WHICH HAS 453 UNITS SCATTERED THROUGHOUT MOBILE, AL AND JACKSONVILLE, FL; "VESTA DERBY OAKS" WHICH HAS 418 UNITS LOCATED IN LOUISVILLE, KY; "PATRIOTS PLACE APARTMENTS" WHICH HAS 184 UNITS LOCATED IN BERKELEY COUNTY, SOUTH CAROLINA; AND THE "PINE FOREST PORTFOLIO" WHICH HAS 343 UNITS LOCATED IN HOUSTON, TEXAS. PATRIOT TRANSPORTATION INITIATIVE CONTINUED TO PROVIDE FREE, INDEPENDENT TRANSPORTATION TO VA/SSVF HOMELESS PROGRAM STAFF AND THEIR VETERAN CLIENTS, REGARDLESS OF TENANCY WITH PATRIOT SERVICES GROUP. PSG'S TRANSPORTATION NETWORK WAS ACTIVE IN JACKSONVILLE, FL., CHARLESTON/ HUNTINGTON, WV., LAS VEGAS, NV., AND INGLESIDE/WOODSTOCK/CHICAGO, IL COMMUNITIES. PATRIOT SUPPORTIVE SERVICES INITIATIVE CONTINUED TO PROVIDE FREE RESOURCES TO LOW-INCOME INDIVIDUALS AND FAMILIES AS WELL AS HOMELESS VETERANS AND THEIR FAMILIES. SERVICES PROVIDED INCLUDE FOOD BANK SUPPORT, DEPOSIT/RENT/UTILITY RELIEF, VETERAN-FOCUSED EVENTS, HURRICANE RELIEF AND EMERGENCY SUPPORT, AND OTHER LIFE-SUSTAINING & PROMOTING SERVICES. 44658186 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 0 0 3 1 0 0 0 0 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 FL X X FREDERICK WHEAT 9043348638 10151 DEERWOOD PARK BLVD BLDG 200 JACKSONVILLE FL 32256 X CHERYL LAU ESQ BOARD CHAIR 2.00 2.00 X X 0 0 0 SHANE CORMIER CPA VICE CHAIR/CFO 2.00 2.00 X X 0 0 0 PAUL ANDERSON TREASURER 2.00 2.00 X X 0 0 0 CHRISTOPHER A WALKER ESQ SECRETARY 2.00 2.00 X X 0 0 0 JIM DOZIER DIRECTOR 2.00 2.00 X 0 0 0 CHRISTOPHER DENNIS DIRECTOR 2.00 2.00 X 0 0 0 MATT MERRITT CPA DIRECTOR 2.00 2.00 X 0 0 0 DAYTON WARFLE DIRECTOR 2.00 2.00 X 0 0 0 LIZ PEAK DIRECTOR 2.00 2.00 X 0 0 0 DUKE JORDAN DIRECTOR 2.00 2.00 X 0 0 0 0 0 0 0 0 0 0 0 237503 237503 RENTAL INCOME 531110 28131431 28131431 28131431 OTHER INCOME 900099 3465851 3465851 3465851 31834785 31597282 0 0 4405344 2422940 1850244 132160 1058868 1058868 575198 454885 103125 17188 303485 288310 15175 983050 983050 16620299 16244875 375424 83123 74811 8312 13040229 13040229 7526238 7526238 1959137 1567309 391828 BAD DEBT EXPENSE 3036205 3036205 OTHER EXPENSES 7462 2384 5078 49598638 44658186 4791104 149348 3500183 2960458 31666622 34379156 1153562 539291 789860 1426405 330243944 19335811 208747307 310908133 5702969 8280499 251560503 358493942 4978257 6111931 587664 653288 243901385 358014136 13951797 24116104 263419103 388895459 X 0 0 0 0 -11858600 -30401517 -11858600 -30401517 251560503 358493942 X -17763853 -119937 -659127 X 0 1 X 1 0 X 256043 67434 241091 31387 237503 833458 7400 9625714 19637753 31597282 60868149 16999869 17959366 34959235 17255912 18034200 9866805 19669140 31834785 96660842 0 0 0 96660842 89513 19312 108825 89513 19312 108825 17255912 18123713 9886117 19669140 31834785 96769667 0.99890 0.99850 0.00110 0.00150 X 2921900 2921900 282727822 18230321 264497501 2467290 1105490 1361800 42126932 42126932 310908133 SECURITY DEPOSITS 976855 TAXABLE BOND LIABILITIES 16427000 OTHER LIABILITIES 6712249 24116104 X PART X, LINE 2: PATRIOT SERVICES GROUP, INC. IS A NOT-FOR-PROFIT ORGANIZATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES ON RELATED INCOME PURSUANT TO SECTION 501(A) OF THE INTERNAL REVENUE CODE AND CHAPTER 220.13 OF THE FLORIDA STATUTES, RESPECTIVELY. THE FOUNDATION'S WHOLLY OWNED SUBSIDIARIES ARE CONSIDERED TO BE DISREGARDED ENTITIES FOR FEDERAL AND STATE INCOME TAX PURPOSE, AND ALL OF THEIR INCOME AND EXPENSES ARE REPORTED ON THE FOUNDATION'S TAX RETURNS. ACCORDINGLY, NO PROVISIONS FOR INCOME TAXES ARE MADE IN THE FOUNDATION'S FINANCIAL STATEMENTS. THE FOUNDATION EVALUATES ITS TAX POSITIONS FOR ANY UNCERTAINTIES BASED ON THE TECHNICAL MERITS OF THE POSITIONS TAKEN. THE FOUNDATION RECOGNIZES THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE UPHELD ON EXAMINATION BY TAXING AUTHORITIES. THE FOUNDATION HAS ANALYZED THE TAX POSITIONS TAKEN AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2022, THERE WERE NO UNCERTAIN TAX POSITIONS TAKEN, OR EXPECTED TO BE TAKEN, THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. MANAGEMENT IS REQUIRED TO ANALYZE ALL OPEN TAX YEARS, AS DEFINED BY THE STATUTE OF LIMITATIONS, FOR ALL MAJOR JURISDICTIONS, INCLUDING FEDERAL AND CERTAIN STATE TAXING AUTHORITIES. WITH FEW EXCEPTIONS, AT DECEMBER 31, 2021, THE FOUNDATION IS NO LONGER SUBJECT TO U.S. FEDERAL, STATE AND LOCAL, OR NON-U.S. INCOME TAX EXAMINATIONS BY TAXING AUTHORITIES FOR YEARS BEFORE 2019. AS OF AND FOR THE YEAR ENDED DECEMBER 31, 2022, THE FOUNDATION DOES NOT HAVE A LIABILITY FOR ANY UNRECOGNIZED TAXES. THE FOUNDATION HAS NO EXAMINATIONS IN PROGRESS AND IS NOT AWARE OF ANY TAX POSITIONS FOR WHICH IT IS REASONABLY POSSIBLE THAT THE TOTAL AMOUNTS OF UNRECOGNIZED TAX LIABILITIES WILL SIGNIFICANTLY CHANGE IN THE NEXT TWELVE MONTHS. A PUBLIC FINANCE AUTHORITY 273866124 2020-12-01 14275000 REFINANCE SERIES 2017 A-C BONDS 0 0 0 B UPPER ILLINOIS RIVER VALLEY DEVELOPMENT AUTHORITY 363904948 2020-12-01 59782443 REFINANCE SERIES 2018 BONDS AND BORROWING FOR MULTIFAMILY HOUSING 0 0 0 C PUBLIC FINANCE AUTHORITY 273866124 74441XGZ6 2020-12-16 59600000 MULTIFAMILY HOUSING 0 0 0 D MISSISSIPPI HOME CORPORATION 640644578 60535NCT2 2021-05-06 43120000 MULTIFAMILY HOUSING 0 0 0 A 326209 14275000 344350 285500 13645150 1 0 1 1 B 59782443 59782443 1 0 1 1 C 59600000 1162450 1094250 47928930 9414370 0 0 1 1 D 38930 43120000 2261000 752967 40106303 0 0 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 C 0 0 0 0 0 0 1 D 0 0 0 0 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 0 0 1 0 0 0 0 1 C 0 0 0 1 0 0 0 0 1 D 0 0 0 1 0 0 0 0 1 A 1 B 1 C 1 D 1 A MISSISSIPPI HOME CORPORATION 640644578 60535NCX3 2021-11-19 15035000 MULTIFAMILY HOUSING 0 0 0 B PUBLIC FINANCE AUTHORITY 273866124 74441XHC6 2021-12-07 52245000 MULTIFAMILY HOUSING 0 0 0 C LOUISVILLEJEFFERSON COUNTY METRO GOVERNMENT 320049006 546594AG7 2022-05-13 44040994 MULTIFAMILY HOUSING 0 0 0 D PUBLIC FINANCE AUTHORITY 273866124 74441XHM4 2022-12-15 42478697 MULTIFAMILY HOUSING 0 0 0 A 15035000 484000 262500 14288500 0 0 1 1 B 52245000 888165 936256 50420579 0 0 1 1 C 44040994 1500000 880820 41660174 0 0 1 1 D 42478697 849574 849574 40587010 0 0 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 C 0 0 0 0 0 0 1 D 0 0 0 0 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 0 0 1 0 0 0 0 1 C 0 0 0 1 0 0 0 0 1 D 0 0 0 1 0 0 0 0 1 A 1 B 1 C 1 D 1 A SOUTH CAROLINA JOBS-ECONOMIC DEVELOPMENT AUTHORITY 570960018 837031D91 2022-06-29 32768001 MULTIFAMILY HOUSING 0 0 0 A 32768001 1038142 846632 30883228 0 0 1 1 A 0 0 0 0 0 0 1 A 0 0 0 1 0 0 0 0 1 A 1 FORM 990, PART VI, SECTION B, LINE 11B DRAFT 990 WILL BE RETURNED TO MANAGEMENT AND BOARD OF DIRECTORS FOR REVIEW AND TO ASK QUESTIONS. ONCE APPROVED, OUR ACCOUNTING FIRM WILL FINALIZE AND SUBMIT A FINAL COPY TO THE BOARD OF DIRECTORS FORM 990, PART VI, SECTION B, LINE 12C DIRECTORS ARE REQUIRED TO REVIEW THE COMPANY'S CONFLICT OF INTEREST POLICY AND DISCLOSE ANY INTERESTS THAT COULD GIVE RISE TO CONFLICTS AT LEAST ANNUALLY (TYPICALLY DURING COMPANY ANNUAL STRATEGIC PLANNING SESSION). THE ORGANIZATION PERFORMS CHECKS ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION B, LINE 15 THIRD-PARTY HUMAN RESOURCES AND RECRUITING FIRM PERFORMS COMPENSATION ANALYSES AS DIRECTED AND FORWARDS COMPENSATION REPORTS AS WELL AS UNBIASED AND PROFESSIONAL OPINONS TO COMPANY BOARD OF DIRECTORS FOR DELIBERATION AND FINAL APPROVAL/DENIAL. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS, AS REQUIRED BY LAW, ARE MADE AVAIABLE ON COMPANY WEBSITE AS WELL AS UPON REQUEST. FORM 990, PART XI, LINE 9: CONTRIBUTED CAPITAL -659,127. 2017 IAVF RUBIX LLC 822 N A1A SUITE 100 PONTE VEDRA BEACH FL 32082 264520112 RENTAL NV 2613871 12434096 PATRIOT SERVICES GROUP INC 2018 IAVF PRAIRIE VIEW LLC 822 N A1A SUITE 100 PONTE VEDRA BEACH FL 32082 264520112 RENTAL IL 4621253 32539107 PATRIOT SERVICES GROUP INC 2018 IAVF TIMBER OAKS LLC 822 N A1A SUITE 100 PONTE VEDRA BEACH FL 32082 264520112 RENTAL IL 2914772 19931233 PATRIOT SERVICES GROUP INC WV 2020 HOLDINGS LLC 822 N A1A SUITE 100 PONTE VEDRA BEACH FL 32082 264520112 RENTAL WV 7341967 56693096 PATRIOT SERVICES GROUP INC GARDENIA GROVE 2021 LLC 822 N A1A SUITE 100 PONTE VEDRA BEACH FL 32082 264520112 RENTAL MS 561173 9171647 PATRIOT SERVICES GROUP INC BEACON POINTE 2021 LLC 822 N A1A SUITE 100 PONTE VEDRA BEACH FL 32082 264520112 RENTAL MS 432299 6336184 PATRIOT SERVICES GROUP INC AUTUMN TRACE APARTMENTS2021 LLC 822 N A1A SUITE 100 PONTE VEDRA BEACH FL 32082 264520112 RENTAL MS 321006 4613028 PATRIOT SERVICES GROUP INC AZALEA PARK APARTMENTS 2021 LLC 822 N A1A SUITE 100 PONTE VEDRA BEACH FL 32082 264520112 RENTAL MS 751721 7786133 PATRIOT SERVICES GROUP INC BANDYWOOD APARTMENTS 2021 LLC 822 N A1A SUITE 100 PONTE VEDRA BEACH FL 32082 264520112 RENTAL MS 554936 6297333 PATRIOT SERVICES GROUP INC GRANADA SQUARE APARTMENTS 2021 LLC 822 N A1A SUITE 100 PONTE VEDRA BEACH FL 32082 264520112 RENTAL MS 525704 7501991 PATRIOT SERVICES GROUP INC REGENCY WOODS APARTMENTS 2021 LLC 822 N A1A SUITE 100 PONTE VEDRA BEACH FL 32082 264520112 RENTAL MS 1615913 14018147 PATRIOT SERVICES GROUP INC WILLOW CREEK APARTMENTS 2021 LLC 822 N A1A SUITE 100 PONTE VEDRA BEACH FL 32082 264520112 RENTAL MS 445244 5296589 PATRIOT SERVICES GROUP INC SUNSET ON BAYOU APARTMENTS 2021 LLC 822 N A1A SUITE 100 PONTE VEDRA BEACH FL 32082 264520112 RENTAL AL 917042 7352530 PATRIOT SERVICES GROUP INC MILLENIA JAX 2021 LLC 822 N A1A SUITE 100 PONTE VEDRA BEACH FL 32082 264520112 RENTAL FL 595297 7445069 PATRIOT SERVICES GROUP INC PATRIOT PLAZA APARTMENTS 2021 LLC 822 N A1A SUITE 100 PONTE VEDRA BEACH FL 32082 264520112 RENTAL FL 3085959 39504913 PATRIOT SERVICES GROUP INC PSG VESTA DERBY OAKS LLC 822 N A1A SUITE 100 PONTE VEDRA BEACH FL 32082 264520112 RENTAL KY 2546385 44537724 PATRIOT SERVICES GROUP INC PSG PATRIOTS PLACE APARTMENTS LLC 822 N A1A SUITE 100 PONTE VEDRA BEACH FL 32082 264520112 RENTAL SC 1216298 33066875 PATRIOT SERVICES GROUP INC PINE FOREST 2022 PORTFOLIO 822 N A1A SUITE 100 PONTE VEDRA BEACH FL 32082 264520112 RENTAL TX 152991 43586948 PATRIOT SERVICES GROUP INC PATRIOT SERVICES GROUP LOUISIANA INC 822 N A1A SUITE100 PONTE VEDRA BEACH FL 32082 834037139 MULTI FAMILY HOUSING LA 501(C)(3) LINE 12C, III-FI PATRIOT SERVICES GROUP INC 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 PATRIOT SERVICES GROUP LOUISIANA INC S 659127 ACTUAL COST PATRIOT SERVICES GROUP LOUISIANA INC E 716126 ACTUAL COST