Longwood University Real Estate Foundation

Longwood University Real Estate Foundation shows significant asset growth but consistent liabilities exceeding assets, with recent years' expenses outpacing revenue.

EIN: 201612906 · Farmville, VA · NTEE: B90 · Updated: 2026-03-28

$36.4MRevenue

$298.1MAssets

85/100Mission Score (Excellent)

B90

About Longwood University Real Estate Foundation

Longwood University Real Estate Foundation (EIN: 201612906) is a nonprofit organization based in Farmville, VA, classified under NTEE code B90. The organization reported total revenue of $36.4M and total assets of $298.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Longwood University Real Estate Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Longwood University Real Estate Foundation demonstrates a consistent operational pattern, with revenues generally keeping pace with or slightly exceeding expenses in most years, though the latest two periods (2022 and 2023) show expenses exceeding revenue by approximately $6 million and $7 million respectively. This suggests a period of increased spending or reduced income relative to prior years. The organization's assets have grown significantly over the past decade, from $93 million in 2014 to over $301 million in 2023, indicating substantial real estate holdings and investments. However, liabilities have also grown proportionally, often exceeding assets, which warrants closer examination of their financing structures and debt management. The consistent reporting of 0% officer compensation across all filings is a strong indicator of transparency and efficient use of funds, as it suggests that executive leadership is either unpaid or compensated through other means not reported as officer compensation on the 990, which is common for university-affiliated foundations where university staff may serve in foundation roles.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Longwood University Real Estate Foundation with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 10%
programs: 90%
fundraising: 0%

According to IRS 990 filings, Longwood University Real Estate Foundation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is consistently reported as 0% across all available filings, indicating that officers are either uncompensated or compensated by Longwood University directly, which is a positive sign for donor confidence and efficient resource allocation for an organization of its size with assets exceeding $300 million.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of Longwood University Real Estate Foundation's IRS 990 filings:

Consistent liabilities exceeding assets, indicating high leverage.
Expenses exceeding revenue in the latest two reporting periods (2022 and 2023), leading to negative net income.

Strengths

The following positive indicators were identified for Longwood University Real Estate Foundation:

Significant asset growth over the past decade, from $93 million in 2014 to over $301 million in 2023.
Consistent reporting of 0% officer compensation, indicating strong financial transparency and efficient use of funds for executive leadership.
Clear focus on supporting Longwood University's mission through real estate, aligning with its NTEE code.

Frequently Asked Questions about Longwood University Real Estate Foundation

Is Longwood University Real Estate Foundation a good charity?

Given its role as a university real estate foundation, its 'charitable' nature is primarily in supporting the university's mission through real estate. The consistent 0% officer compensation and significant asset growth are positive indicators. However, the consistent liabilities exceeding assets and recent negative net income warrant further investigation into its financial strategy.

Why do liabilities consistently exceed assets?

The consistent trend of liabilities exceeding assets, such as $335 million in liabilities against $301 million in assets in 2023, suggests a significant reliance on debt financing, likely for real estate acquisitions or development. This is not uncommon for real estate entities but requires careful monitoring of debt service capacity.

What caused the recent increase in expenses relative to revenue?

In 2023, expenses were $36.6 million while revenue was $29.6 million, and in 2022, expenses were $32.3 million against $26.2 million in revenue. This trend of expenses outpacing revenue in the last two periods could be due to new development projects, increased operational costs, or a temporary dip in investment income or rental revenue.

Filing History

IRS 990 filing history for Longwood University Real Estate Foundation showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Longwood University Real Estate Foundation's revenue has grown by 391.9%, moving from $6.0M to $29.6M. Total assets increased by 475.7% over the same period, from $52.4M to $301.5M. Total functional expenses rose by 446.3%, from $6.7M to $36.6M. In its most recent filing year (2023), Longwood University Real Estate Foundation reported a deficit of $7.0M, with expenses exceeding revenue. The organization holds $335.1M in liabilities against $301.5M in assets (debt-to-asset ratio: 111.1%), resulting in net assets of $-33,585,992.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$29.6M	$36.6M	$301.5M	$335.1M	—	View 990
2022	$26.2M	$32.3M	$314.2M	$340.8M	—	View 990
2021	$31.9M	$30.4M	$322.4M	$342.9M	—	View 990
2020	$29.6M	$26.6M	$272.2M	$294.2M	—	View 990
2019	$22.2M	$21.3M	$243.8M	$258.4M	—	View 990
2018	$15.6M	$16.1M	$350.9M	$368.8M	—	View 990
2017	$12.6M	$13.1M	$219.5M	$235.4M	—	View 990
2016	$11.6M	$11.4M	$130.7M	$150.8M	—	View 990
2015	$9.1M	$11.0M	$117.0M	$135.0M	—	View 990
2014	$10.2M	$11.8M	$93.0M	$109.3M	—	View 990
2013	$7.7M	$8.6M	$93.6M	$105.5M	—	View 990
2012	$6.1M	$8.5M	$73.8M	$89.6M	—	View 990
2011	$6.0M	$6.7M	$52.4M	$66.0M	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $29.6M, expenses of $36.6M, and assets of $301.5M (revenue +13.0% year-over-year).
2022: Revenue of $26.2M, expenses of $32.3M, and assets of $314.2M (revenue -17.8% year-over-year).
2021: Revenue of $31.9M, expenses of $30.4M, and assets of $322.4M (revenue +7.6% year-over-year).
2020: Revenue of $29.6M, expenses of $26.6M, and assets of $272.2M (revenue +33.5% year-over-year).
2019: Revenue of $22.2M, expenses of $21.3M, and assets of $243.8M (revenue +42.1% year-over-year).
2018: Revenue of $15.6M, expenses of $16.1M, and assets of $350.9M (revenue +24.3% year-over-year).
2017: Revenue of $12.6M, expenses of $13.1M, and assets of $219.5M (revenue +8.5% year-over-year).
2016: Revenue of $11.6M, expenses of $11.4M, and assets of $130.7M (revenue +27.8% year-over-year).
2015: Revenue of $9.1M, expenses of $11.0M, and assets of $117.0M (revenue -11.3% year-over-year).
2014: Revenue of $10.2M, expenses of $11.8M, and assets of $93.0M (revenue +32.3% year-over-year).
2013: Revenue of $7.7M, expenses of $8.6M, and assets of $93.6M (revenue +27.4% year-over-year).
2012: Revenue of $6.1M, expenses of $8.5M, and assets of $73.8M (revenue +0.6% year-over-year).
2011: Revenue of $6.0M, expenses of $6.7M, and assets of $52.4M.

Data Sources and Methodology

This transparency report for Longwood University Real Estate Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.