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Longwood University Real Estate Foundation

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Educational Institutions and Related Activities / Educational Services and Schools - Other (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$29.6M (2023)

Expenses
$36.6M (2023)

Total Assets
$301M (2023)

Total Liabilities
$335M (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$29,649,183
Expenses
$36,647,209
Net Income
-$6,998,026
Net Assets
-$33,585,992
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,308,875
4.4%
Program Services $26,688,925
90.0%
Investment Income $1,653,148
5.6%
Bond Proceeds $0
Royalties $0
Rental Property Income -$7,940
Net Fundraising $0
Sales of Assets $6,175
0.0%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $137,182
0.4%
Professional Fundraising Fees $0
Other Salaries and Wages $139,061
0.4%
Assets/Debt
Total Assets $301,484,487
Total Liabilities $335,070,479
Net Assets -$33,585,992
Compensation
Key Employees and Officers Compensation Related Other
Louise W Waller (Director) $85,500 $0 $0
Lori Blackwood (Executive Di) $0 $62,777 $23,201
Troy S Austin (Director) $0 $0 $0
Debbie D Epperson (Director) $0 $0 $0
Michael A Evans (Director) $0 $0 $0
William Fiege (Director) $0 $0 $0
Courtney Hodges (Director) $0 $0 $0
Gregory F Fawcett Ii (Director) $0 $0 $0
John W Daniel Ii (President) $0 $0 $0
W Taylor Reveley Iv (Director) $0 $0 $0
Matt Mcgregor (Director) $0 $0 $0
E Duffy Myrtetus (Director) $0 $0 $0
Cameron Patterson (Director) $0 $0 $0
Sherry Swinson (Director) $0 $0 $0
Lucia Anna Pia Trigiani (Director) $0 $0 $0
Hunter Watson (Director) $0 $0 $0
Sherri Moore (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$26,239,174
Expenses
$32,329,399
Net Income
-$6,090,225
Net Assets
-$26,587,966
Notable Sources of Revenue Percent of Total Revenue
Contributions $687,632
2.6%
Program Services $24,714,768
94.2%
Investment Income $648,911
2.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $42,246
0.2%
Net Fundraising $0
Sales of Assets $145,617
0.6%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $109,330
0.3%
Professional Fundraising Fees $0
Other Salaries and Wages $166,944
0.5%
Assets/Debt
Total Assets $314,213,989
Total Liabilities $340,801,955
Net Assets -$26,587,966
Compensation
Key Employees and Officers Compensation Related Other
Louise W Waller (Executive Di) $0 $80,162 $27,443
Lori Blackwood (Executive Di) $0 $11,475 $4,132
Troy S Austin (Director) $0 $0 $0
Debbie D Epperson (Director) $0 $0 $0
William Fiege (Director) $0 $0 $0
Courtney Hodges (Director) $0 $0 $0
Gregory F Fawcett Ii (Director) $0 $0 $0
John W Daniel Ii (President) $0 $0 $0
W Taylor Reveley Iv (Director) $0 $0 $0
Matt Mcgregor (Director) $0 $0 $0
E Duffy Myrtetus (Director) $0 $0 $0
Cameron Patterson (Director) $0 $0 $0
Sherry Swinson (Director) $0 $0 $0
Lucia Anna Pia Trigiani (Director) $0 $0 $0
Hunter Watson (Director) $0 $0 $0
Sherri Moore (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$31,911,007
Expenses
$30,440,034
Net Income
$1,470,973
Net Assets
-$20,497,741
Notable Sources of Revenue Percent of Total Revenue
Contributions $6,533,686
20.5%
Program Services $25,298,175
79.3%
Investment Income $19,405
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $44,841
0.1%
Net Fundraising $0
Sales of Assets $14,900
0.0%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $116,928
0.4%
Professional Fundraising Fees $0
Other Salaries and Wages $185,915
0.6%
Assets/Debt
Total Assets $322,438,396
Total Liabilities $342,936,137
Net Assets -$20,497,741
Compensation
Key Employees and Officers Compensation Related Other
Louise W Waller (Executive Di) $94,345 $0 $22,583
Troy S Austin (Director) $0 $0 $0
Tim J Pierson Ph D (Director) $0 $0 $0
William Fiege (Director) $0 $0 $0
Courtney Hodges (Director) $0 $0 $0
Gregory F Fawcett Ii (Director) $0 $0 $0
John W Daniel Ii (President) $0 $0 $0
W Taylor Reveley Iv (Director) $0 $0 $0
E Duffy Myrtetus (Director) $0 $0 $0
Sherry Swinson (Director) $0 $0 $0
Hunter Watson (Director) $0 $0 $0
Sherri Moore (Secretary) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$29,646,672
Expenses
$26,576,229
Net Income
$3,070,443
Net Assets
-$21,968,714
Notable Sources of Revenue Percent of Total Revenue
Contributions $7,195,902
24.3%
Program Services $21,972,817
74.1%
Investment Income $472,413
1.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $5,540
0.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $101,800
0.4%
Professional Fundraising Fees $0
Other Salaries and Wages $192,365
0.7%
Assets/Debt
Total Assets $272,226,716
Total Liabilities $294,195,430
Net Assets -$21,968,714
Compensation
Key Employees and Officers Compensation Related Other
Louise W Waller (Executive Di) $91,106 $0 $22,006
Troy S Austin (Director) $0 $0 $0
Tim J Pierson Ph D (Director) $0 $0 $0
William Fiege (Director) $0 $0 $0
Courtney Hodges (Director) $0 $0 $0
Gregory F Fawcett Ii (Director) $0 $0 $0
John W Daniel Ii (President) $0 $0 $0
W Taylor Reveley Iv (Director) $0 $0 $0
E Duffy Myrtetus (Director) $0 $0 $0
Sherry Swinson (Director) $0 $0 $0
Dr Helen P Warriner Burke (Director) $0 $0 $0
Hunter Watson (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$22,213,163
Expenses
$21,274,244
Net Income
$938,919
Net Assets
-$14,662,237
Notable Sources of Revenue Percent of Total Revenue
Contributions $3,907,709
17.6%
Program Services $16,672,943
75.1%
Investment Income $1,666,012
7.5%
Bond Proceeds $0
Royalties $0
Rental Property Income -$11,083
Net Fundraising $0
Sales of Assets -$22,418
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $119,769
0.6%
Professional Fundraising Fees $0
Other Salaries and Wages $124,335
0.6%
Assets/Debt
Total Assets $243,760,552
Total Liabilities $258,422,789
Net Assets -$14,662,237
Compensation
Key Employees and Officers Compensation Related Other
Louise W Waller (Executive Di) $0 $110,225 $22,852
Tim J Pierson Ph D (Director) $0 $0 $0
William Fiege (Director) $0 $0 $0
Courtney Hodges (Director) $0 $0 $0
Gregory F Fawcett Ii (Director) $0 $0 $0
W Taylor Reveley Iv (Director) $0 $0 $0
E Duffy Myrtetus (Director) $0 $0 $0
Sherry Swinson (Director) $0 $0 $0
Bill Walsh (President) $0 $0 $0
Dr Helen P Warriner Burke (Director) $0 $0 $0
Hunter Watson (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$15,629,631
Expenses
$16,146,006
Net Income
-$516,375
Net Assets
-$17,943,113
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $13,867,528
88.7%
Investment Income $1,798,538
11.5%
Bond Proceeds $0
Royalties $0
Rental Property Income -$39,100
Net Fundraising $0
Sales of Assets $2,325
0.0%
Net Inventory Sales $0
Other Revenue $340
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $104,835
0.6%
Professional Fundraising Fees $0
Other Salaries and Wages $63,869
0.4%
Assets/Debt
Total Assets $350,893,618
Total Liabilities $368,836,731
Net Assets -$17,943,113
Compensation
Key Employees and Officers Compensation Related Other
Bill Walsh (President) $0 $0 $0
W Taylor Reveley Iv (Director) $0 $0 $0
Gregory F Fawcett Ii (Director) $0 $0 $0
E Duffy Myrtetus (Director) $0 $0 $0
Hunter Watson (Director) $0 $0 $0
Tim J Pierson Ph D (Director) $0 $0 $0
Dr Helen P Warriner Burke (Director) $0 $0 $0
Sherry Swinson (Director) $0 $0 $0
Steven P Gould (Director) $0 $0 $0
William Fiege (Director) $0 $0 $0
Courtney Hodges (Director) $0 $0 $0
Louise W Waller (Executive Di) $0 $100,008 $16,476

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$12,570,441
Expenses
$13,134,357
Net Income
-$563,916
Net Assets
-$15,854,353
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $12,727,018
> 100%
Investment Income $26,409
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income -$27,380
Net Fundraising $0
Sales of Assets $20,947
0.2%
Net Inventory Sales $0
Other Revenue -$176,553
Notable Expenses Percent of Total Expenses
Executive Compensation $102,896
0.8%
Professional Fundraising Fees $0
Other Salaries and Wages $61,475
0.5%
Assets/Debt
Total Assets $219,514,375
Total Liabilities $235,368,728
Net Assets -$15,854,353
Compensation
Key Employees and Officers Compensation Related Other
Bill Walsh (President) $0 $0 $0
P Kenneth Copeland Jr (Director) $0 $0 $0
W Taylor Reveley Iv (Director) $0 $0 $0
Gregory F Fawcett Ii (Director) $0 $0 $0
E Duffy Myrtetus (Director) $0 $0 $0
Hunter Watson (Director) $0 $0 $0
Tim J Pierson Ph D (Director) $0 $0 $0
Dr Helen P Warriner Burke (Director) $0 $0 $0
Sherry Swinson (Director) $0 $0 $0
Steven P Gould (Director) $0 $0 $0
William Fiege (Director) $0 $0 $0
Courtney Hodges (Director) $0 $0 $0
Louise W Waller (Executive Di) $0 $98,188 $16,148

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$11,587,134
Expenses
$11,388,172
Net Income
$198,962
Net Assets
-$20,104,085
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $11,507,040
99.3%
Investment Income $91,464
0.8%
Bond Proceeds $0
Royalties $0
Rental Property Income -$18,529
Net Fundraising $0
Sales of Assets $7,159
0.1%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $110,704
1.0%
Professional Fundraising Fees $0
Other Salaries and Wages $62,307
0.5%
Assets/Debt
Total Assets $130,726,325
Total Liabilities $150,830,410
Net Assets -$20,104,085
Compensation
Key Employees and Officers Compensation Related Other
Otis Brown (President) $0 $0 $0
P Kenneth Copeland Jr (Director) $0 $0 $0
W Taylor Reveley Iv (Director) $0 $0 $0
Gregory F Fawcett Ii (Director) $0 $0 $0
E Duffy Myrtetus (Director) $0 $0 $0
Hunter Watson (Director) $0 $0 $0
Tim J Pierson Ph D (Director) $0 $0 $0
Dr Helen P Warriner Burke (Director) $0 $0 $0
Sherry Swinson (Director) $0 $0 $0
Brad Schwartz (Director) $0 $0 $0
Claire Reeves La Roache (Director) $0 $0 $0
Courtney Hodges (Director) $0 $0 $0
Thomas Ryan Frisbie Fulton (Director) $0 $0 $0
William Fiege (Director) $0 $0 $0
Mike Evans (Director) $0 $0 $0
Louise W Waller (Executive Di) $0 $94,895 $15,810

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$9,066,248
Expenses
$11,009,657
Net Income
-$1,943,409
Net Assets
-$17,980,120
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $9,052,115
99.8%
Investment Income $14,133
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $230,837
2.1%
Assets/Debt
Total Assets $117,048,120
Total Liabilities $135,028,240
Net Assets -$17,980,120
Compensation
Key Employees and Officers Compensation Related Other
Otis Brown (President) $0 $0 $0
P Kenneth Copeland Jr (Director) $0 $0 $0
W Taylor Reveley Iv (Director) $0 $0 $0
Gregory F Fawcett Ii (Director) $0 $0 $0
E Duffy Myrtetus (Director) $0 $0 $0
Hunter Watson (Director) $0 $0 $0
Tim J Pierson Ph D (Director) $0 $0 $0
Dr Helen P Warriner Burke (Director) $0 $0 $0
Sherry Swinson (Director) $0 $0 $0
Brad Schwartz (Director) $0 $0 $0
Claire Reeves La Roache (Director) $0 $0 $0
Courtney Hodges (Director) $0 $0 $0
Thomas Ryan Frisbie Fulton (Director) $0 $0 $0
William Fiege (Director) $0 $0 $0
Louise W Waller (Executive Di) $0 $89,973 $13,713

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$10,223,113
Expenses
$11,776,353
Net Income
-$1,553,240
Net Assets
-$16,241,704
Notable Sources of Revenue Percent of Total Revenue
Contributions $5,000
0.0%
Program Services $10,195,560
99.7%
Investment Income $16,301
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $6,252
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $88,975
0.8%
Professional Fundraising Fees $0
Other Salaries and Wages $106,992
0.9%
Assets/Debt
Total Assets $93,039,666
Total Liabilities $109,281,370
Net Assets -$16,241,704
Compensation
Key Employees and Officers Compensation Related Other
Otis Brown (President) $0 $0 $0
P Kenneth Copeland Jr () $0 $0 $0
W Taylor Reveley Iv () $0 $0 $0
Gregory F Fawcett Ii () $0 $0 $0
E Duffy Myrtetus () $0 $0 $0
Hunter Watson () $0 $0 $0
Tim J Pierson Ph D () $0 $0 $0
Dr Helen P Warriner Burke () $0 $0 $0
Sherry Swinson () $0 $0 $0
Brad Schwartz () $0 $0 $0
Claire Reeves La Roache () $0 $0 $0
Courtney Hodges () $0 $0 $0
Thomas Ryan Frisbie Fulton () $0 $0 $0
Louise W Waller (Executive Di) $0 $78,638 $10,337

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$7,725,542
Expenses
$8,627,192
Net Income
-$901,650
Net Assets
-$11,849,999
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $7,728,376
> 100%
Investment Income $16,156
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$26,369
Net Inventory Sales $0
Other Revenue $7,379
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $106,168
1.2%
Professional Fundraising Fees $0
Other Salaries and Wages $57,474
0.7%
Assets/Debt
Total Assets $93,619,784
Total Liabilities $105,469,783
Net Assets -$11,849,999
Compensation
Key Employees and Officers Compensation Related Other
Otis Brown (President) $0 $0 $0
P Kenneth Copeland Jr (Ex Officio) $0 $0 $0
Richard W Bratcher (Ex Officio) $0 $0 $0
Barry J Case (Director) $0 $0 $0
E Duffy Myrtetus (Director) $0 $0 $0
Louise Waller (Excecutive Director) $0 $64,915 $6,026
Tim J Pierson (Ex Officio) $0 $0 $0
Dr Helen P Warriner Burke (Director) $0 $0 $0
Hunter Watson (Director) $0 $0 $0
Sherry Swinson (Director) $0 $0 $0
Claire Reeves La Roche (Director) $0 $0 $0
Brad Scwartz (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$6,064,730
Expenses
$8,530,541
Net Income
-$2,465,811
Net Assets
-$15,746,310
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $6,050,436
99.8%
Investment Income $18,205
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$5,055
Net Inventory Sales $0
Other Revenue $1,144
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $106,168
1.2%
Professional Fundraising Fees $0
Other Salaries and Wages $75,169
0.9%
Assets/Debt
Total Assets $73,822,828
Total Liabilities $89,569,138
Net Assets -$15,746,310

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$6,027,690
Expenses
$6,708,263
Net Income
-$680,573
Net Assets
-$13,662,493
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $6,003,331
99.6%
Investment Income $20,108
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $4,251
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $96,604
1.4%
Professional Fundraising Fees $0
Other Salaries and Wages $106,413
1.6%
Assets/Debt
Total Assets $52,366,028
Total Liabilities $66,028,521
Net Assets -$13,662,493

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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