2025-02-03T13:48:36+00:00 2023-12-31 350921680 CROWE LLP 9600 Brownsboro Road Suite 400 Louisville KY 402413902 990 2023-09-07 933413851 Provident Group Girard Properties Inc PROV 2257663977 5565 BANKERS AVENUE BATON ROUGE LA 70808 STEVE HICKS PRESIDENT 2257663977 2025-02-03 true true RACHEL SPURLOCK P00520729 5023263996 2025-02-03 2023 2025-03-06 01:10:19Z X Steve Hicks 5565 BANKERS AVENUE BATON ROUGE LA 70808 0 false X N/A X 2023 DC ACQUIRING, FINANCING, OWNING, MANAGING, OPERATING AND MAINTAINING MULTIFAMILY APARTMENT BUILDING REFERRED TO AS HOWARD MANOR. 3 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 22510261 0 22510261 0 0 Provident Group Girard Properties Inc. provides safe, decent, and sanitary housing to persons of low and very low-income. false false The organization acquires, finances, owns, manages, operates and maintains the multifamily apartment building referred to as Howard Manor, in a manner such that the units will be leased to qualifying tenants with annual income not in excess of sixty percent of the area median family income, with the applicable tenant paying no more for the rent than the maximum allowable rent for such unit for projects receiving Low Income Housing Tax Credits under Section 42 of the Internal Revenue Code of 1986, as amended (the Code). 0 true false false false false false false false false false false false true 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 false false true false false false true 0 0 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 CHRISTOPHER HICKS VICE PRESIDENT AND TREASURER 1.0 39.0 X X 0 794040 46385 DONOVAN O HICKS VICE PRESIDENT AND SECRETARY 1.0 39.0 X X 0 604250 37860 STEVE HICKS PRESIDENT 1.0 39.0 X X 0 3471707 27395 0 4869997 111640 0 false true false 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 22510261 0 22510261 0 22510261 0 0 0 22510261 X 0 0 0 22510261 0 0 X false false 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 Restricted Escrow 22510261 22510261 false false false false false false false false false CHRISTOPHER HICKS VICE PRESIDENT AND TREASURER 0 348101 0 445000 0 939 0 11312 0 35073 0 840425 0 0 DONOVAN O HICKS VICE PRESIDENT AND SECRETARY 0 347879 0 210000 0 46371 0 13200 0 24660 0 642110 0 0 STEVE HICKS PRESIDENT 0 547802 0 330000 0 2593905 0 13200 0 14195 0 3499102 0 0 Schedule J, Part I, Line 3 PROCESS FOR DETERMINING COMPENSATION PROVIDENT GROUP GIRARD 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. 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. Form 990, Part IV, 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 HSC 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, DONOVAN HICKS AND CHRISTOPHER HICKS - Family relationship Form 990, Part VI, 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 - Girard Properties, Inc. governing body. Provident Resource Group, Inc. (PRG) is the sole member of Provident Group - Girard Properties, Inc. PRG appoints the members of the Girard Properties governing body and approves certain decisions made by the Girard Properties 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, 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 GIRARD PROPERTIES, INC. 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 VI, LINE 15A PROCESS TO ESTABLISH COMPENSATION OF TOP MANAGEMENT OFFICIAL Provident Group - Girard 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. 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. 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 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. 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 ORGANIZATION OK 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 BANKER 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 - TUBMAN QUAD PROPERTIES INC 5565 BANKERS AVENUE BATON ROUGE LA 70808 833519249 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 5556 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 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 GROUP - CANTON COVE PROPERTIES LLC 5565 BANKERS AVENUE BATON ROUGE LA 70808 462840618 ASSISTED LIVING FACILITY GA NA N/A 0 0 false false PROVIDENT GROUP - CREEKSIDE PROPERTIES LLC 5565 BANKERS AVENUE BATON ROUGE LA 70808 462860608 ASSISTED LIVING FACILITY GA NA N/A 0 0 false false MUNICIPAL CORRECTIONS FINANCE HOLDING LLC 5565 BANKERS AVENUE BATON ROUGE LA 70808 721509520 MANAGEMENT DE NA C Corporation false PDG HOLDINGS LLC 5565 BANKERS AVENUE BATON ROUGE LA 70808 463437171 SENOR LIVING DE NA C Corporation false false false false false false false false false false false false false false true true true false false false