2025-01-29T07:38:51-06:00 2024-06-30 620647474 BLACKBURN CHILDERS & STEAGALL PLC 136 FURMAN RD SUITE 4 BOONE NC 28607 990 2023-07-01 562161660 APPALACHIAN REAL ESTATE DEVELOPMENT CORPORATION APPA 8282622060 438 ACADEMY ST SUITE 109 BOONE NC 28607 JAMES J BROWN PRESIDENT 8282622060 2025-01-28 1 0 TARA FENNER P02099785 8282643595 2025-01-28 2023 2025-03-06 01:10:19Z X JAMES J BROWN 438 ACADEMY ST SUITE 109 BOONE NC 28607 9557271 0 X N/A X 1999 NC TO EXERCISE ANY AND ALL RIGHTS OF OWNERSHIP WITH RESPECT TO REAL PROPERTY AND PERSONAL PROPERTY IN CONNECTION THEREWITH FOR THE BENEFIT OF THE UNIVERSITY, INCLUDING TO ACQUIRE, OWN, DEVELOP, LEASE, FINANCE, MANAGE, OPERATE, SELL, AND TRANSFER PROPERTY. TO DO ANY AND ALL OTHER ACTS AND THINGS THAT ARE CONSISTENT WITH THE PURPOSES ABOVE AND THAT MAY BE DEEMED DESIRABLE OR EXPEDIENT FOR THE BENEFIT OF THE UNIVERSITY, ITS PROGRAMS, AND ITS FACULTY, STAFF AND STUDENTS. 9 9 24 0 0 0 0 0 8652961 9306598 181138 248290 0 0 8834099 9554888 2000000 0 0 0 411285 435695 0 0 0 8029292 6739082 10440577 7174777 -1606478 2380111 93486656 93971383 71490191 69594807 21996465 24376576 X TO EXERCISE ANY AND ALL RIGHTS OF OWNERSHIP WITH RESPECT TO REAL PROPERTY AND PERSONAL PROPERTY IN CONNECTION THEREWITH FOR THE BENEFIT OF THE UNIVERSITY, INCLUDING TO ACQUIRE, OWN, DEVELOP, LEASE, FINANCE, MANAGE, OPERATE, SELL, AND TRANSFER PROPERTY. TO DO ANY AND ALL OTHER ACTS AND THINGS THAT ARE CONSISTENT WITH THE PURPOSES ABOVE AND THAT MAY BE DEEMED DESIRABLE OR EXPEDIENT FOR THE BENEFIT OF THE UNIVERSITY, ITS PROGRAMS, AND ITS FACULTY, STAFF AND STUDENTS. 0 0 6988023 9306598 TO EXERCISE ANY AND ALL RIGHTS OF OWNERSHIP WITH RESPECT TO REAL PROPERTY AND PERSONAL PROPERTY IN CONNECTION THEREWITH FOR THE BENEFIT OF THE UNIVERSITY, INCLUDING TO ACQUIRE, OWN, DEVELOP, LEASE, FINANCE, MANAGE, OPERATE, SELL, AND TRANSFER PROPERTY. TO DO ANY AND ALL OTHER ACTS AND THINGS THAT ARE CONSISTENT WITH THE PURPOSES ABOVE AND THAT MAY BE DEEMED DESIRABLE OR EXPEDIENT FOR THE BENEFIT OF THE UNIVERSITY, ITS PROGRAMS, AND ITS FACULTY, STAFF AND STUDENTS. 6988023 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 1 1 0 0 0 1 5 0 1 24 1 0 0 0 0 0 0 0 0 0 0 X 9 9 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 NC X MATT DULL 8282622060 438 ACADEMY ST SUITE 109 BOONE NC 28607 X JAMES J BROWN PRESIDENT 1.00 X X 0 0 0 DAVID T JAMISON DIRECTOR 1.00 X 0 0 0 MATTHEW C DULL SECRETARY & TREASURER 7.00 X X 0 0 0 SCOTT K LAMPE DIRECTOR 1.00 X 0 0 0 JAMES M BARNES CHAIR 1.00 X X 0 0 0 FAIRLEY BELL COOK VICE CHAIR 1.00 X X 0 0 0 JOHN E ADAMS DIRECTOR 1.00 X 0 0 0 CANTEY ALEXANDER DIRECTOR 1.00 X 0 0 0 NICK KATERS DIRECTOR 1.00 X 0 0 0 0 0 0 0 0 0 0 RWM CONSTRUCTION & RESTORATION SERVICES PO BOX 3755 BOONE NC 28607 PAINTING AND RENOVATION 169120 GATE CITY FLOORING & INTERIORS OF NC 2601 E MARKET ST GREENSBORO NC 27401 FLOORING MATERIAL/INSTALL 127851 FAST TRACKS CONSTRUCTION 3601 PEYTON FRYE ROAD NEWTON NC 28658 PAINTING AND RENOVATION 124300 STUDENT HOUSING SERVICES LLC 4030 WAKE FOREST RD STE 349 RALEIGH NC 27609 MANAGEMENT AND IT SERVICES 101591 4 RENTS 721310 8883165 8883165 FEES & FINES 721310 423433 423433 9306598 250673 250673 2383 -2383 -2383 -2383 9554888 9306598 0 248290 357299 285839 71460 51912 41530 10382 26484 21187 5297 435 435 21000 21000 131330 95210 36120 3908 3908 1167437 1167437 1462886 1462886 2548049 2548049 169541 165623 3918 OTHER EXPENSES 762861 724719 38142 RENOVATIONS 264867 264867 TURNOVER 206768 206768 7174777 6988023 186754 0 2551989 5314162 3086748 3172993 1644 2247 168932 189828 99637034 16823970 85158895 82813064 2518448 2479089 93486656 93971383 277951 266301 40745 44911 70950000 69060000 221495 223595 71490191 69594807 X 0 0 0 0 0 2380111 21996465 24376576 93486656 93971383 2380111 0 X 0 1 X 1 0 X X 1 APPALACHIAN STATE UNIVERSITY 561176030 2 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 X 1 1 PART IV, SECTION D, LINE 3 APPALACHIAN REAL ESTATE DEVELOPMENT CORPORATION'S (AREDC) ORGANIZATIONAL DOCUMENTS REQUIRE THAT ITS BOARD MEMBERS BE APPROVED BY A COMMITTEE OF THE BOARD OF TRUSTEES OF THE SUPPORTED ORGANIZATION, APPALACHIAN STATE UNIVERSITY (ASU). THEREFORE, THE SUPPORTED ORGANIZATION IS CONSIDERED TO HAVE CONTROL AND A SIGNIFICANT VOICE IN DIRECTING THE INVESTMENTS POLICIES AND USES OF AREDC'S INCOME AND ASSETS AT ALL TIMES. PART IV, SECTION E, LINE 2A APPALACHIAN REAL ESTATE DEVELOPMENT CORPORATION'S (AREDC) ONLY SUPPORTING ORGANIZATION IS APPALACHIAN STATE UNIVERSITY (ASU). THE PURPOSE OF AREDC, AS STATED IN ITS ARTICLES OF INCORPORATION, IS TO EXERCISE ANY AND ALL RIGHTS OF OWNERSHIP WITH RESPECT TO REAL PROPERTY AND PERSONAL PROPERTY IN CONNECTION THEREWITH FOR THE BENEFIT OF THE UNIVERSITY, INCLUDING TO ACQUIRE, OWN, DEVELOP, LEASE, FINANCE, MANAGE, OPERATE, SELL, AND TRANSFER PROPERTY. TO DO ANY AND ALL OTHER ACTS AND THINGS THAT ARE CONSISTENT WITH THE PURPOSES ABOVE AND THAT MAY BE DEEMED DESIRABLE OR EXPEDIENT FOR THE BENEFIT OF THE UNIVERSITY, ITS PROGRAMS, AND ITS FACULTY, STAFF AND STUDENTS. AREDC OWNS AND OPERATES CERTAIN ASU STUDENT AND FACULTY HOUSING FACILITIES. THE PROVISION OF THIS HOUSING IS AREDC'S ONLY ACTIVITY AND DIRECTLY SUPPORTS AND FURTHERS ASU'S EXEMPT PURPOSE. PART IV, SECTION E, LINE 2B APPALACHIAN REAL ESTATE DEVELOPMENT CORPORATION'S (AREDC) ONLY SUPPORTED ORGANIZATION IS APPALACHIAN STATE UNIVERSITY (ASU). AN INTEGRAL ACTIVITY OF A UNIVERSITY IS THE PROVISION OF HOUSING FOR ITS STUDENTS. AREDC OWNS AND OPERATES CERTAIN ASU STUDENT AND FACULTY HOUSING FACILITIES. IN THE ABSENCE OF AREDC, ASU WOULD BE REQUIRED TO PROVIDE ALTERNATE HOUSING FOR ITS STUDENTS AND FACULTY MEMBERS. 6190966 6190966 91390986 15439348 75951638 1985995 1383601 602394 69087 1021 68066 82813064 TENANT SECURITY DEPOSITS HELD IN TRUST 223595 223595 X 8092002 -1462886 -1462886 9554888 0 9554888 5711891 0 5711891 1462886 1462886 7174777 PART X, LINE 2: THE CORPORATION IS EXEMPT FROM INCOME TAX ON RELATED INCOME UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. FOR THE FISCAL YEAR ENDED JUNE 30, 2023, MANAGEMENT EVALUATED THE TAX POSITIONS AND CONCLUDED THAT THERE WERE NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENTS TO THE FINANCIAL STATEMENTS. 1 STUDENT HOUSING SERVICES LLC BUSINESS IS OWNED BY A FORMER EMPLOYEE OF THE ORGANIZATION 101591 MANAGEMENT AND IT SERVICES 0 FORM 990, PART VI, SECTION A, LINE 3 MANAGEMENT AND IT SERVICES ARE CONTRACTED OUT TO STUDENT HOUSING SERVICES, LLC. FORM 990, PART VI, SECTION B, LINE 11B MANAGEMENT COMPANY REVIEWS THE 990 AND REPORTS TO OFFICERS PRIOR TO FILING OF THE 990. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS MUST APPROVE ANY BUSINESS FINANCIAL TRANSACTION WITH ANY OFFICER OR EMPLOYEE PRIOR TO THE TRANSACTION TAKING PLACE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST TO THE CORPORATION'S BUSINESS OFFICE. APPALACHIAN TRANSFORMATION LLC 438 ACADEMY STREET BOONE NC 28608 854148400 DEVELOPMENT AND CONSTRUCTION OF CAMPUS RESIDENCE FACILITIES NC 3607157 68130779 APPALACHIAN REAL ESTATE DEVELOPMENT CORPORATION UNIVERSITY HIGHLANDS LLC 438 ACADEMY STREET BOONE NC 28608 934204948 HANDLES RENTAL ACTIVITY OF CAMPUS RESIDENCE FACILITIES NC 2768471 13288327 APPALACHIAN REAL ESTATE DEVELOPMENT CORPORATION APPALACHIAN STATE UNIVERSITY FINANCIAL SERVICES PO BOX 32125 BOONE NC 28608 561176030 PUBLIC UNIVERSITY NC 501(C)(3) LINE 2 N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 APPALACHIAN STATE UNIVERSITY B 0 APPALACHIAN STATE UNIVERSITY M 0