Form990
Department of the Treasury
Internal Revenue Service
Return of Organization Exempt From Income Tax
Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except black lung benefit trust or private foundation)

MediumBullet The organization may have to use a copy of this return to satisfy state reporting requirements.
OMB No. 1545-0047
2012
Open to Public Inspection
A For the 2012 calendar year, or tax year beginning 01-01-2012 , 2012, and ending 12-31-2012
BCheck if applicable:
CName of organization
PROVIDENT RESOURCES GROUP INC
 
Doing Business As
PROVIDENT GROUP
 
Number and street (or P.O. box if mail is not delivered to street address)
5565 Bankers Avenue
 
Room/suite
City or town, state or country, and ZIP + 4
Baton Rouge, LA70808
D Employer identification number

58-2492101
E Telephone number

G Gross receipts $ 118,127,830
F Name and address of principal officer:
STEVE E HICKS
5565 Bankers Avenue
Baton Rouge,LA70808
I
Tax-exempt status: (   ) LeftBullet (insert no.) or
J
Website:MediumBullet
WWW.PROVIDENT.ORG
H(a)
Is this a group return for
affiliates?
H(b)
Are all affiliates included?
If "No," attach a list. (see instructions)
H(c)
Group exemption number MediumBullet  
K Form of organization:
 
L Year of formation: 1999
M State of legal domicile: GA
Part I
Summary
Activities & Governance 1 Briefly describe the organization’s mission or most significant activities: PROVIDENT RESOURCES GROUP, INC. PROVIDES FOR THE NEEDS OF THE ELDERLY, PROMOTES HEALTHY COMMUNITIES, SERVES THE POOR & DISTRESSED, PROMOTES EDUCATION, AND LESSENS THE BURDEN OF GOVERNMENT.
2 Check this box MediumBullet
3 Number of voting members of the governing body (Part VI, line 1a) ........ 3 6
4 Number of independent voting members of the governing body (Part VI, line 1b) ..... 4 5
5 Total number of individuals employed in calendar year 2011 (Part V, line 2a) ...... 5 590
6 Total number of volunteers (estimate if necessary) ............. 6 100
7a Total unrelated business revenue from Part VIII, column (C), line 12 ........ 7a 106,527
b Net unrelated business taxable income from Form 990-T, line 34 ......... 7b 47,856
Revenues Prior Year Current Year
8 Contributions and grants (Part VIII, line 1h) ......... 0 4,347,353
9 Program service revenue (Part VIII, line 2g) ......... 51,392,807 64,803,570
10 Investment income (Part VIII, column (A), lines 3, 4, and 7d ) .... -7,358,976 15,695,335
11 Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e) 5,887,931 8,244,829
12 Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)................... 49,921,762 93,091,087
Expenses; 13 Grants and similar amounts paid (Part IX, column (A), lines 1–3 )... 1,232,569 0
14 Benefits paid to or for members (Part IX, column (A), line 4)..... 0 0
15 Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10) 16,363,102 18,036,249
16a Professional fundraising fees (Part IX, column (A), line 11e)..... 0 0
b Total fundraising expenses (Part IX, column (D), line 25) MediumBullet0    
17 Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e).... 50,982,306 78,815,019
18 Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25) 68,577,977 96,851,268
19 Revenue less expenses. Subtract line 18 from line 12....... -18,656,215 -3,760,181
Net Assets or Fund Balances; Beginning of Current Year End of Year
20 Total assets (Part X, line 16)............. 612,400,768 585,378,760
21 Total liabilities (Part X, line 26)............. 691,953,646 668,373,323
22 Net assets or fund balances. Subtract line 21 from line 20..... -79,552,878 -82,994,563
Part II
Signature Block
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than officer) is based on all information of which preparer has any knowledge.
Sign Here
JumboBullet
Signature of officer Date
JumboBullet
Type or print name and title
Paid Preparer Use Only
Print/Type preparer's name
 
Preparer's signature
Date
PTIN
Firm's name MediumBullet

Firm's EIN MediumBullet
Firm's address MediumBullet



Phone no.
May the IRS discuss this return with the preparer shown above? (see instructions) ............
For Paperwork Reduction Act Notice, see the separate instructions.
Cat. No. 11282Y
Form 990 (2012)
Form 990 (2012)
Page 2
Part III
Statement of Program Service Accomplishments
Check if Schedule O contains a response to any question in this Part III ...............
1
Briefly describe the organization’s mission: THE STATED CHARITABLE PURPOSE OF THE ORGANIZATION SHALL INCLUDE, WITHOUT LIMITATION, A BROAD RANGE OF ACTIVITIES, PROGRAMS, AND SERVICES THAT: -PROVIDE FOR AND SERVE THE NEEDS OF THE ELDERLY, WHICH MAY BE ACCOMPLISHED BY THE DEVELOPMENT, CONSTRUCTION, ACQUISITION, OWNERSHIP, (CONTINUED IN SCHEDULE O)
2
Did the organization undertake any significant program services during the year which were not listed on
the prior Form 990 or 990-EZ? ......................
If “Yes,” describe these new services on Schedule O.
3
Did the organization cease conducting, or make significant changes in how it conducts, any program services? ............................
If “Yes,” describe these changes on Schedule O.
4
Describe the organization’s program service accomplishments for each of its three largest program services, as measured by expenses. Section 501(c)(3) and 501(c)(4) organizations are required to report the amount of grants and allocations to others, the total expenses, and revenue, if any, for each program service reported.
4a (Code:   ) (Expenses $ 62,626,869 including grants of $   ) (Revenue $ 44,139,840 )
THE EDUCATION RESOURCES DIVISION PROMOTES AND ADVANCES EDUCATION THROUGH THE DEVELOPMENT, CONSTRUCTION, ACQUISITION, OWNERSHIP, MANAGEMENT, MAINTENANCE, OPERATION, AND DISPOSITION OF EDUCATION - RELATED FACILITIES AND THROUGH THE PROVISION OF VARIOUS RELATED PROGRAMS, ACTIVITIES AND SERVICES. AS OF DECEMBER 31, 2012, 6,009 BEDS WERE AVAILABLE TO RESIDENTS WHO ALSO RECEIVED ENRICHMENT THROUGH COUNSELING, TUTORING AND OTHER ACTIVITIES, SERVICES AND PROGRAMS.
4b (Code:   ) (Expenses $ 25,266,521 including grants of $   ) (Revenue $ 25,813,810 )
IN 2012, THE SENIOR LIVING RESOURCES DIVISION CONSISTS OF 400 UNITS. THE SENIOR LIVING RESOURCES DIVISION OFFERED ACTIVITIES, SERVICES AND PROGRAMS TO MEET THE SPECIAL NEEDS OF THE AGED AND ELDERLY, INCLUDING HOUSING AND HEALTHCARE, WITHIN AN ENVIRONMENT THAT PROMOTES THE DIGNITY AND INDEPENDENCE OF THE RESIDENTS.
4c (Code:   ) (Expenses $ 4,749,728 including grants of $   ) (Revenue $ 2,988,222 )
AS OF DECEMBER 31, 2012, THE AFFORDABLE HOUSING DIVISION CONSISTS OF 2 PROPERTIES WITH APPROXIMATELY 280 UNITS. APPROXIMATELY 40% OF THESE UNITS ARE AVAILABLE FOR RESIDENTS WHO EARN 60% OR LESS OF THE AREA MEDIAN INCOME. DURING 2012, THE CORPORATION DEVELOPED AND ENRICHED ITS HOUSING PROGRAMS, INCLUDING HEALTH, SOCIAL AND EDUCATION PROGRAMS TO IMPROVE THE QUALITY OF LIFE AND POTENTIAL FOR BASIC EDUCATION. SUPPORT GROUPS, FOOD AND NUTRITION CLASSES, AND JOB READINESS TRAINING ARE EXAMPLES OF PROGRAMS THAT WERE OFFERED TO THE RESIDENTS OF THE FACILITIES.
4d Other program services (Describe in Schedule O.)
(Expenses $   including grants of $   ) (Revenue $   )
4e Total program service expensesMediumBullet92,643,118
Form 990 (2012)
Form 990 (2012)
Page 3
Part IV
Checklist of Required Schedules
Yes
No
1
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)? If “Yes,” complete Schedule AClick to see attachment........................
1
Yes
 
2
Is the organization required to complete Schedule B, Schedule of Contributors (see instructions)? Click to see attachment...
2
Yes
 
3
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office? If “Yes,” complete Schedule C, Part I..........
3
 
No
4
Section 501(c)(3) organizations. Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year? If “Yes,” complete Schedule C, Part II........
4
 
No
5
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19? If “Yes,” complete Schedule C,
Part III............................
5
 
 
6
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts? If “Yes,” complete Schedule D, Part I........................
6
 
No
7
Did the organization receive or hold a conservation easement, including easements to preserve open space,
the environment, historic land areas, or historic structures? If “Yes,” complete Schedule D, Part II...
7
 
No
8
Did the organization maintain collections of works of art, historical treasures, or other similar assets? If “Yes,” complete Schedule D, Part III ....................
8
 
No
9
Did the organization report an amount in Part X, line 21 for escrow or custodial account liability; serve as a custodian for amounts not listed in Part X; or provide credit counseling, debt management, credit repair, or debt negotiation services? If “Yes,” complete Schedule D, Part IVClick to see attachment..............
9
Yes
 
10
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments? If “Yes,” complete Schedule D, Part V......
10
 
No
11
If the organization’s answer to any of the following questions is "Yes," then complete Schedule D, Parts VI, VII, VIII, IX, or X as applicable.
a
Did the organization report an amount for land, buildings, and equipment in Part X, line 10?
If “Yes,” complete Schedule D, Part VI.Click to see attachment...................
11a
Yes
 
b
Did the organization report an amount for investments—other securities in Part X, line 12 that is 5% or more of its total assets reported in Part X, line 16? If “Yes,” complete Schedule D, Part VII.......
11b
 
No
c
Did the organization report an amount for investments—program related in Part X, line 13 that is 5% or more of its total assets reported in Part X, line 16? If “Yes,” complete Schedule D, Part VIII.......
11c
 
No
d
Did the organization report an amount for other assets in Part X, line 15 that is 5% or more of its total assets reported in Part X, line 16? If “Yes,” complete Schedule D, Part IXClick to see attachment............
11d
Yes
 
e
Did the organization report an amount for other liabilities in Part X, line 25? If “Yes,” complete Schedule D, Part XClick to see attachment
11e
Yes
 
f
Did the organization’s separate or consolidated financial statements for the tax year include a footnote that addresses the organization’s liability for uncertain tax positions under FIN 48 (ASC 740)? If “Yes,” complete Schedule D, Part XClick to see attachment.........................
11f
Yes
 
12a
Did the organization obtain separate, independent audited financial statements for the tax year?
If “Yes,” complete Schedule D, Parts XI and XII .................
12a
 
No
b
Was the organization included in consolidated, independent audited financial statements for the tax year? If “Yes,” and if the organization answered "No" to line 12a, then completing Schedule D, Parts XI and XII is optional Click to see attachment
12b
Yes
 
13
Is the organization a school described in section 170(b)(1)(A)(ii)? If “Yes,” complete Schedule E....
13
 
No
14a
Did the organization maintain an office, employees, or agents outside of the United States?.....
14a
 
No
b
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more? If “Yes,” complete Schedule F, Parts I and IV.........
14b
 
No
15
Did the organization report on Part IX, column (A), line 3, more than $5,000 of grants or assistance to any organization or entity located outside the United States? If “Yes,” complete Schedule F, Parts II and IV
15
 
No
16
Did the organization report on Part IX, column (A), line 3, more than $5,000 of aggregate grants or assistance to individuals located outside the United States? If “Yes,” complete Schedule F, Parts III and IV...
16
 
No
17
Did the organization report a total of more than $15,000 of expenses for professional fundraising services on Part IX, column (A), lines 6 and 11e? If “Yes,” complete Schedule G, Part I (see instructions)....
17
 
No
18
Did the organization report more than $15,000 total of fundraising event gross income and contributions on Part VIII, lines 1c and 8a? If “Yes,” complete Schedule G, Part II............
18
 
No
19
Did the organization report more than $15,000 of gross income from gaming activities on Part VIII, line 9a? If “Yes,” complete Schedule G, Part III...................
19
 
No
20a
Did the organization operate one or more hospital facilities? If “Yes,” complete Schedule H....
20a
 
No
b
If “Yes” to line 20a, did the organization attach a copy of its audited financial statements to this return?
20b
 
 
Form 990 (2012)
Form 990 (2012)
Page 4
Part IV
Checklist of Required Schedules (continued)
21
Did the organization report more than $5,000 of grants and other assistance to any government or organization in the United States on Part IX, column (A), line 1? If “Yes,” complete Schedule I, Parts I and II...
21
 
No
22
Did the organization report more than $5,000 of grants and other assistance to individuals in the United States on Part IX, column (A), line 2? If “Yes,” complete Schedule I, Parts I and III........
22
 
No
23
Did the organization answer “Yes” to Part VII, Section A, line 3, 4, or 5 about compensation of the organization’s current and former officers, directors, trustees, key employees, and highest compensated employees? If “Yes,” complete Schedule J....................... Click to see attachment
23
Yes
 
24a
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002? If “Yes,” answer lines 24b through 24d and complete Schedule K. If “No,” go to line 25................ Click to see list of attachments
24a
Yes
 
b
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?...
24b
 
No
c
Did the organization maintain an escrow account other than a refunding escrow at any time during the year
to defease any tax-exempt bonds?......................
24c
 
No
d
Did the organization act as an “on behalf of” issuer for bonds outstanding at any time during the year?...
24d
 
No
25a
Section 501(c)(3) and 501(c)(4) organizations. Did the organization engage in an excess benefit transaction with a disqualified person during the year? If “Yes,” complete Schedule L, Part I........
25a
 
No
b
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization’s prior Forms 990 or 990-EZ? If “Yes,” complete Schedule L, Part I...................
25b
 
No
26
Was a loan to or by a current or former officer, director, trustee, key employee, highest compensated employee, or disqualified person outstanding as of the end of the organization’s tax year? If “Yes,” complete Schedule L,
Part II..........................
26
 
No
27
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons? If “Yes,” complete Schedule L, Part III.........
27
 
No
28
Was the organization a party to a business transaction with one of the following parties (see Schedule L, Part IV instructions for applicable filing thresholds, conditions, and exceptions):
a
A current or former officer, director, trustee, or key employee? If “Yes,” complete Schedule L, Part IV ..........................
28a
 
No
b
A family member of a current or former officer, director, trustee, or key employee? If “Yes,”
complete Schedule L, Part IV.....................
28b
 
No
c
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner? If “Yes,” complete Schedule L, Part IV...
28c
 
No
29
Did the organization receive more than $25,000 in non-cash contributions? If “Yes,” complete Schedule M..
29
 
No
30
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions? If “Yes,” complete Schedule M.............
30
 
No
31
Did the organization liquidate, terminate, or dissolve and cease operations? If “Yes,” complete Schedule N,
Part I...........................
31
 
No
32
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets? If “Yes,” complete Schedule N, Part II......................
32
 
No
33
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3? If “Yes,” complete Schedule R, Part I........ Click to see attachment
33
Yes
 
34
Was the organization related to any tax-exempt or taxable entity? If “Yes,” complete Schedule R, Part II, III, or IV, and Part V, line 1........................ Click to see attachment
34
Yes
 
35a
Did the organization have a controlled entity within the meaning of section 512(b)(13)?
35a
Yes
 
b
If ‘Yes’ to line 35a, did the organization receive any payment from or engage in any transaction with a controlled entity within the meaning of section 512(b)(13)? If “Yes,” complete Schedule R, Part V, line 2... Click to see attachment
35b
Yes
 
36
Section 501(c)(3) organizations. Did the organization make any transfers to an exempt non-charitable related organization? If “Yes,” complete Schedule R, Part V, line 2.............
36
 
No
37
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes? If “Yes,” complete Schedule R, Part VI
37
 
No
38
Did the organization complete Schedule O and provide explanations in Schedule O for Part VI, lines 11b and 19? Note. All Form 990 filers are required to complete Schedule O. ............
38
Yes
 
Form 990 (2012)
Form 990 (2012)
Page 5
Part V
Statements Regarding Other IRS Filings and Tax Compliance
Check if Schedule O contains a response to any question in this Part V ...............
Yes
No
1a
Enter the number reported in Box 3 of Form 1096 Enter -0- if not applicable ..
1a
184
b
Enter the number of Forms W-2G included in line 1a. Enter -0- if not applicable .
1b
0
c
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners? ..................
1c
Yes
 
2a
Enter the number of employees reported on Form W-3, Transmittal of Wage and
Tax Statements, filed for the calendar year ending with or within the year covered by this return ..................
2a
590
b
If at least one is reported on line 2a, did the organization file all required federal employment tax returns?
Note. If the sum of lines 1a and 2a is greater than 250, you may be required to e-file (see instructions)
2b
Yes
 
3a
Did the organization have unrelated business gross income of $1,000 or more during the year?...
3a
Yes
 
b
If “Yes,” has it filed a Form 990-T for this year? If “No,” provide an explanation in Schedule O.....
3b
Yes
 
4a
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?..........................
4a
 
No
b
If "Yes," enter the name of the foreign country: MediumBullet
See instructions for filing requirements for Form TD F 90-22.1, Report of Foreign Bank and Financial Accounts.
5a
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?..
5a
 
No
b
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?
5b
 
No
c
If “Yes,” to line 5a or 5b, did the organization file Form 8886-T? ............
5c
 
 
6a
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?...
6a
 
No
b
If “Yes,” did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?........................
6b
 
 
7
Organizations that may receive deductible contributions under section 170(c).
a
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?....................
7a
 
No
b
If “Yes,” did the organization notify the donor of the value of the goods or services provided?.....
7b
 
 
c
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?...........................
7c
 
No
d
If “Yes,” indicate the number of Forms 8282 filed during the year ....
7d
 
e
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?............................
7e
 
No
f
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?..
7f
 
No
g
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?............................
7g
 
 
h
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?..........................
7h
 
 
8
Sponsoring organizations maintaining donor advised funds and section 509(a)(3) supporting organizations. Did the supporting organization, or a donor advised fund maintained by a sponsoring organization, have excess business holdings at any time during the year?............
8
 
 
9
Sponsoring organizations maintaining donor advised funds.
a
Did the organization make any taxable distributions under section 4966?..........
9a
 
 
b
Did the organization make a distribution to a donor, donor advisor, or related person?.......
9b
 
 
10
Section 501(c)(7) organizations. Enter:
a
Initiation fees and capital contributions included on Part VIII, line 12 ...
10a
 
b
Gross receipts, included on Form 990, Part VIII, line 12, for public use of club facilities
10b
 
11
Section 501(c)(12) organizations. Enter:
a
Gross income from members or shareholders .........
11a
 
b
Gross income from other sources (Do not net amounts due or paid to other sources against amounts due or received from them.) ..........
11b
 
12a
Section 4947(a)(1) non-exempt charitable trusts. Is the organization filing Form 990 in lieu of Form 1041?
12a
 
 
b
If “Yes,” enter the amount of tax-exempt interest received or accrued during the year. ....................
12b
 
13
Section 501(c)(29) qualified nonprofit health insurance issuers.
a
Is the organization licensed to issue qualified health plans in more than one state?
Note. See the instructions for additional information the organization must report on Schedule O.
13a
 
 
b
Enter the amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans ....
13b
 
c
Enter the amount of reserves on hand ............
13c
 
14a
Did the organization receive any payments for indoor tanning services during the tax year?.....
14a
 
No
b
If "Yes," has it filed a Form 720 to report these payments? If “No,” provide an explanation in Schedule O..
14b
 
 
Form 990 (2012)
Form 990 (2012)
Page 6
Part VI
Governance, Management, and Disclosure For each “Yes” response to lines 2 through 7b below, and for a “No” response to lines 8a, 8b, or 10b below, describe the circumstances, processes, or changes in Schedule O. See instructions.
Check if Schedule O contains a response to any question in this Part VI ...............
Section A. Governing Body and Management
Yes
No
1a
Enter the number of voting members of the governing body at the end of the tax year .....................
1a
6
If there are material differences in voting rights among members of the governing body, or if the governing body delegated broad authority to an executive committee or similar committee, explain in Schedule O.
b
Enter the number of voting members included in line 1a, above, who are independent ...................
1b
5
2
Did any officer, director, trustee, or key employee have a family relationship or a business relationship with any other officer, director, trustee, or key employee? .................
2
Yes
 
3
Did the organization delegate control over management duties customarily performed by or under the direct supervision of officers, directors or trustees, or key employees to a management company or other person? .
3
Yes
 
4
Did the organization make any significant changes to its governing documents since the prior Form 990 was filed? ...........................
4
 
No
5
Did the organization become aware during the year of a significant diversion of the organization’s assets? .
5
 
No
6
Did the organization have members or stockholders? ................
6
 
No
7a
Did the organization have members, stockholders, or other persons who had the power to elect or appoint one or more members of the governing body? ....................
7a
 
No
b
Are any governance decisions of the organization reserved to (or subject to approval by) members, stockholders, or persons other than the governing body? ...................
7b
 
No
8
Did the organization contemporaneously document the meetings held or written actions undertaken during the year by the following:
a
The governing body? .........................
8a
Yes
 
b
Each committee with authority to act on behalf of the governing body? ............
8b
Yes
 
9
Is there any officer, director, trustee, or key employee listed in Part VII, Section A, who cannot be reached at the organization’s mailing address? If “Yes,” provide the names and addresses in Schedule O.......
9
 
No
Section B. Policies (This Section B requests information about policies not required by the Internal Revenue Code.)
Yes
No
10a
Did the organization have local chapters, branches, or affiliates? ............
10a
Yes
 
b
If “Yes,” did the organization have written policies and procedures governing the activities of such chapters, affiliates, and branches to ensure their operations are consistent with the organization's exempt purposes?
10b
Yes
 
11a
Has the organization provided a complete copy of this Form 990 to all members of its governing body before filing the form? ............................
11a
Yes
 
b
Describe in Schedule O the process, if any, used by the organization to review this Form 990. .....
12a
Did the organization have a written conflict of interest policy? If “No,” go to line 13.......
12a
Yes
 
b
Were officers, directors, or trustees, and key employees required to disclose annually interests that could give rise to conflicts? ..........................
12b
Yes
 
c
Did the organization regularly and consistently monitor and enforce compliance with the policy? If “Yes,” describe in Schedule O how this was done.......................
12c
Yes
 
13
Did the organization have a written whistleblower policy? ...............
13
Yes
 
14
Did the organization have a written document retention and destruction policy? .........
14
Yes
 
15
Did the process for determining compensation of the following persons include a review and approval by independent persons, comparability data, and contemporaneous substantiation of the deliberation and decision?
a
The organization’s CEO, Executive Director, or top management official ...........
15a
Yes
 
b
Other officers or key employees of the organization ................
15b
Yes
 
If "Yes" to line 15a or 15b, describe the process in Schedule O (see instructions).
16a
Did the organization invest in, contribute assets to, or participate in a joint venture or similar arrangement with a taxable entity during the year? ......................
16a
Yes
 
b
If “Yes,” did the organization follow a written policy or procedure requiring the organization to evaluate its participation in joint venture arrangements under applicable federal tax law, and take steps to safeguard the organization’s exempt status with respect to such arrangements? ............
16b
Yes
 
Section C. Disclosure
17
List the States with which a copy of this Form 990 is required to be filedMediumBullet
18
Section 6104 requires an organization to make its Form 1023 (or 1024 if applicable), 990, and 990-T (501(c)(3)s only) available for public inspection. Indicate how you made these available. Check all that apply.
19
Describe in Schedule O whether (and if so, how), the organization made its governing documents, conflict of interest policy, and financial statements available to the public during the tax year.
20
State the name, physical address, and telephone number of the person who possesses the books and records of the organization:
MediumBulletSTEVE HICKS5565 BANKERS AVENUEBaton RougeLA70808 (225) 766-3977
Form 990 (2012)
Form 990 (2012)
Page 7
Part VII
Compensation of Officers, Directors,Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
Check if Schedule O contains a response to any question in this Part VII ...............
Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
1a Complete this table for all persons required to be listed. Report compensation for the calendar year ending with or within the organization’s tax year.
RoundBullet List all of the organization’s current officers, directors, trustees (whether individuals or organizations), regardless of amount
of compensation. Enter -0- in columns (D), (E), and (F) if no compensation was paid.

RoundBullet List all of the organization’s current key employees, if any. See instructions for definition of "key employee."
RoundBullet List the organization’s five current highest compensated employees (other than an officer, director, trustee or key employee)
who received reportable compensation (Box 5 of Form W-2 and/or Box 7 of Form 1099-MISC) of more than $100,000 from the
organization and any related organizations.

RoundBullet List all of the organization’s former officers, key employees, or highest compensated employees who received more than $100,000
of reportable compensation from the organization and any related organizations.

RoundBullet List all of the organization’s former directors or trustees that received, in the capacity as a former director or trustee of the
organization, more than $10,000 of reportable compensation from the organization and any related organizations.

List persons in the following order: individual trustees or directors; institutional trustees; officers; key employees; highest
compensated employees; and former such persons.
Check this box if neither the organization nor any related organization compensated any current officer, director, or trustee.
(A)
Name and Title 		(B)
Average hours per week (list any hours for related organizations below dotted line) 		(C)
Position (do not check more than one box, unless person is both an officer and a director/trustee) 		(D)
Reportable compensation from the organization (W- 2/1099-MISC) 		(E)
Reportable compensation from related organizations (W- 2/1099-MISC) 		(F)
Estimated amount of other compensation from the organization and related organizations
Individual Trustee or Director; Institutional Trustee; Officer; Key Employee; Highest compensated employee; Former;
(1) STEVE E HICKS........................................................................
CHAIRMAN, PRESIDENT & CEO
 38.00
.......................2.00 		X   X       616,793 0 24,242
(2) NANCY H HENZE........................................................................
DIRECTOR
 1.00
.......................   		X           24,000 0 0
(3) THOM HARROW........................................................................
DIRECTOR
 1.00
.......................1.00 		X           24,000 6,000 0
(4) TOM E GREENE III........................................................................
DIRECTOR
 1.00
.......................   		X           24,000 0 0
(5) WALTER BUMPHUS PHD........................................................................
DIRECTOR
 1.00
.......................   		X           24,000 0 0
(6) WALTER MONSOUR........................................................................
NON-EXECUTIVE CHAIRMAN
 1.00
.......................1.00 		X           48,000 6,000 0
(7) DEBRA W LOCKWOOD........................................................................
EXECUTIVE VP AND CFO
 35.00
.......................5.00 		    X       379,697 0 20,166
(8) DONOVAN O HICKS........................................................................
GENERAL COUNSEL
 40.00
.......................   		      X     391,888 0 30,958
(9) ALLEN CURTIS........................................................................
ADMINISTRATOR
 40.00
.......................   		        X   124,364 0 32,232
(10) MARLA SCANNICCHIO........................................................................
MANAGING DIRECTOR OF ACCOUNTING
 40.00
.......................   		        X   170,904 0 32,896
(11) MARY DEPIETRO........................................................................
MANAGING DIRECTOR OF SENIOR LIVING
 40.00
.......................   		        X   153,224 0 32,508
(12) RANDALL MCCLELLAN........................................................................
ADMINISTRATOR
 40.00
.......................   		        X   127,865 0 22,631
(13) WILLIAM GARRETT........................................................................
DIRECTOR OF NURSING
 40.00
.......................   		        X   103,084 0 9,685








Form 990 (2012)
Form 990 (2012)
Page 8
Part VII
Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees (continued)
(A)
Name and Title 		(B)
Average hours per week (list any hours for related organizations below dotted line) 		(C)
Position (do not check more than one box, unless person is both an officer and a director/trustee) 		(D)
Reportable compensation from the organization (W- 2/1099-MISC) 		(E)
Reportable compensation from related organizations (W- 2/1099-MISC) 		(F)
Estimated amount of other compensation from the organization and related organizations
Individual Trustee or Director; Institutional Trustee; Officer; Key Employee; Highest compensated employee; Former;


























1b Sub-Total................MediumBullet
c Total from continuation sheets to Part VII, Section A....MediumBullet
d Total (add lines 1b and 1c)............MediumBullet 2,211,819 12,000 205,318
2
Total number of individuals (including but not limited to those listed above) who received more than $100,000 of reportable compensation from the organizationMediumBullet8
Yes
No
3
Did the organization list any former officer, director or trustee, key employee, or highest compensated employee on line 1a? If “Yes,” complete Schedule J for such individual ..............
3
 
No
4
For any individual listed on line 1a, is the sum of reportable compensation and other compensation from the organization and related organizations greater than $150,000? If “Yes,” complete Schedule J for such individual...........................
4
Yes
 
5
Did any person listed on line 1a receive or accrue compensation from any unrelated organization or individual for services rendered to the organization? If “Yes,” complete Schedule J for such person ........
5
 
No
Section B. Independent Contractors
1
Complete this table for your five highest compensated independent contractors that received more than $100,000 of compensation from the organization. Report compensation for the calendar year ending with or within the organization’s tax year.
(A)
Name and business address 		(B)
Description of services 		(C)
Compensation
REHAB SOLUTIONS3029 SENNA DRIVEMATTHEWSNC28105 REHABILITATION SERVICES 1,196,933
AEGISPO BOX 8103FORT SMITHAZ72902 THERAPY SERVICES 1,005,584
FELDER SERVICES LLCPO BOX 70171MOBILEAL36670 LAUNDRY/HOUSEKEEPING SERVICES 476,289
CENTURY CAMPUS HOUSING MGT LLP1001 FANNIN SUITE 1350HOUSTONTX77002 MANAGEMENT COMPANY 341,307
CROWE HOWARTHPO BOX 145415CINCINNATIOH452509791 AUDIT/TAX SERVICES 327,444
2
Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization MediumBullet10
Form 990 (2012)
Form 990 (2012)
Page 9
Part VIII
Statement of Revenue
Check if Schedule O contains a response to any question in this Part VIII ..............
(A)
Total revenue 		(B)
Related or
exempt
function
revenue 		(C)
Unrelated
business
revenue 		(D)
Revenue
excluded from
tax under sections
512, 513, or 514
Contributions, Gifts, Grants and Other Similar Amounts 1a Federated campaigns..1a  
b Membership dues....1b  
c Fundraising events....1c  
d Related organizations...1d  
e Government grants (contributions)1e  
f All other contributions, gifts, grants, and
similar amounts not included above1f 		4,347,353
g Noncash contributions included in lines
1a-1f:$ 		 
h Total. Add lines 1a-1f.......MediumBullet 4,347,353
Program Service Revenue Business Code
2a PATIENT SERVICE REVENUE 900099 1,541,492 1,541,492    
b RENTAL REVENUE 532000 38,864,096 38,864,096    
c RESIDENT SERVICE REVENUE 623990 24,251,059 24,251,059    
d ANCILLARY REVENUE 900099 146,923 146,923    
e     0      
f All other program service revenue . 0 0 0 0
g Total. Add lines 2a–2f........MediumBullet 64,803,570
Other Revenue 3 Investment income (including dividends, interest, and other similar amounts).......MediumBullet 217,078     217,078
4 Income from investment of tax-exempt bond proceeds..MediumBullet 0      
5 Royalties...........MediumBullet 0      
(i) Real (ii) Personal
6a Gross rents    
b Less: rental expenses    
c Rental income or (loss) 0 0
d Net rental income or (loss).......MediumBullet 0      
(i) Securities (ii) Other
7a Gross amount from sales of assets other than inventory   40,515,000
b Less: cost or other basis and sales expenses   25,036,743
c Gain or (loss) 0 15,478,257
d Net gain or (loss)..........MediumBullet 15,478,257     15,478,257
8a Gross income from fundraising events (not including
$  
of contributions reported on line 1c). See Part IV, line 18 ..
a  
b Less: direct expenses ...b  
c Net income or (loss) from fundraising events..MediumBullet 0    
9a Gross income from gaming activities.
See Part IV, line 19 ...
a  
b Less: direct expenses ...b  
c Net income or (loss) from gaming activities...MediumBullet 0      
10a Gross sales of inventory, less
returns and allowances .
a  
b Less: cost of goods sold ..b  
c Net income or (loss) from sales of inventory..MediumBullet 0      
Miscellaneous Revenue Business Code
11a FITNESS FACILITY MEMBERSHIP DUES 713940 4,772,561 4,666,034 106,527  
b CONFERENCE INCOME 900099 200,978 200,978    
c MANAGEMENT FEES 900099 186,052 186,052    
d All other revenue .... 3,085,238 3,085,238 0 0
e Total. Add lines 11a–11d ...... MediumBullet 8,244,829
12 Total revenue. See Instructions......MediumBullet 93,091,087 72,941,872 106,527 15,695,335
Form 990 (2012)
Form 990 (2012)
Page 10
Part IX
Statement of Functional Expenses
Section 501(c)(3) and 501(c)(4) organizations must complete all columns. All other organizations must complete column (A).Check if Schedule O contains a response to any question in this Part IX ...............
Do not include amounts reported on lines 6b,
7b, 8b, 9b, and 10b of Part VIII. 		(A)
Total expenses 		(B)
Program service expenses 		(C)
Management and general expenses 		(D)
Fundraising expenses
1 Grants and other assistance to governments and organizations in the United States. See Part IV, line 21 0  
2 Grants and other assistance to individuals in the United States. See Part IV, line 22 0  
3 Grants and other assistance to governments, organizations, and individuals outside the United States. See Part IV, lines 15 and 16 0  
4 Benefits paid to or for members 0  
5 Compensation of current officers, directors, trustees, and key employees .... 1,607,744   1,607,744  
6 Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) .... 0      
7 Other salaries and wages 14,821,780 13,722,770 1,099,010  
8 Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) .... 63,632 56,604 7,028  
9 Other employee benefits ....... 333,557 247,959 85,598  
10 Payroll taxes ........... 1,209,536 1,099,660 109,876  
11 Fees for services (non-employees):        
a Management ...... 1,578,556 1,578,556    
b Legal ......... 603,747 531,998 71,749  
c Accounting ........... 474,487 427,742 46,745  
d Lobbying ........... 0      
e Professional fundraising services. See Part IV, line 17 0  
f Investment management fees ...... 0      
g Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O) ........ 5,451,561 5,141,393 310,168 0
12 Advertising and promotion .... 435,614 409,492 26,122  
13 Office expenses ....... 1,571,736 1,456,650 115,086  
14 Information technology ...... 320,989 203,074 117,915  
15 Royalties .. 0      
16 Occupancy ........... 5,535,623 5,466,354 69,269  
17 Travel ............ 127,003 92,852 34,151  
18 Payments of travel or entertainment expenses for any federal, state, or local public officials ...... 0      
19 Conferences, conventions, and meetings .... 40,810 29,427 11,383  
20 Interest ........... 31,125,815 30,976,279 149,536  
21 Payments to affiliates ....... 0      
22 Depreciation, depletion, and amortization ..... 20,115,628 19,930,621 185,007  
23 Insurance .............. 2,992,446 2,917,535 74,911  
24 Other expenses. Itemize expenses not covered above (List miscellaneous expenses in line 24e. If line 24e amount exceeds 10% of line 25, column (A) amount, list line 24e expenses on Schedule O.)
a BAD DEBT EXPENSE 919,124 919,124    
b OTHER TAXES 1,122,848 1,096,468 26,380  
c ISSUER/TRUSTEE/LOC REMARKETING FEES 1,352,471 1,352,471    
d MAINTENANCE AND REPAIRS 1,504,063 1,469,726 34,337  
e All other expenses 3,542,498 3,516,363 26,135 0
25 Total functional expenses. Add lines 1 through 24e 96,851,268 92,643,118 4,208,150 0
26 Joint costs. Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation. Check here MediumBullet if following SOP 98-2 (ASC 958-720). 0      
Form 990 (2012)
Form 990 (2012)
Page 11
Part X Balance Sheet Check if Schedule O contains a response to any question in this Part X ...............
(A)
Beginning of year 		(B)
End of year
Assets 1 Cash—non-interest-bearing ............. 6,926,610 1 11,282,176
2 Savings and temporary cash investments .........   2  
3 Pledges and grants receivable, net ...........   3  
4 Accounts receivable, net ............. 3,744,861 4 4,011,296
5 Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees. Complete Part II of
Schedule L ..................
0 5 0
6 Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations (see instructions) Complete Part II of Schedule L
  6 0
7 Notes and loans receivable, net .............   7  
8 Inventories for sale or use ..............   8  
9 Prepaid expenses and deferred charges .......... 2,628,682 9 4,057,139
10a Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D 10a 547,923,691
b Less: accumulated depreciation ..... 10b 45,685,729 470,550,621 10c 502,237,962
11 Investments—publicly traded securities .......... 6,424,786 11 3,934,416
12 Investments—other securities. See Part IV, line 11 ..... 0 12 0
13 Investments—program-related. See Part IV, line 11 ..... 0 13 0
14 Intangible assets ...............   14  
15 Other assets. See Part IV, line 11 ........... 122,125,208 15 59,855,771
16 Total assets. Add lines 1 through 15 (must equal line 34)...... 612,400,768 16 585,378,760
Liabilities 17 Accounts payable and accrued expenses ......... 31,097,548 17 28,239,094
18 Grants payable .................   18  
19 Deferred revenue ................ 2,684,351 19 1,008,854
20 Tax-exempt bond liabilities ............. 505,198,778 20 501,358,412
21 Escrow or custodial account liability. Complete Part IV of Schedule D..   21  
22 Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified
persons. Complete Part II of Schedule L..........   22 0
23 Secured mortgages and notes payable to unrelated third parties .. 107,279,825 23 102,909,694
24 Unsecured notes and loans payable to unrelated third parties ....   24  
25 Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17-24). Complete Part X of Schedule D.................... 45,693,144 25 34,857,269
26 Total liabilities. Add lines 17 through 25......... 691,953,646 26 668,373,323
Net Assets or Fund Balance Organizations that follow SFAS 117 (ASC 958), check here MediumBullet and complete lines 27 through 29, and lines 33 and 34.
27 Unrestricted net assets .............. -79,552,878 27 -82,994,563
28 Temporarily restricted net assets ...........   28  
29 Permanently restricted net assets ...........   29  
Organizations that do not follow SFAS 117 (ASC 958), check here MediumBullet and complete lines 30 through 34.
30 Capital stock or trust principal, or current funds ........   30  
31 Paid-in or capital surplus, or land, building or equipment fund .....   31  
32 Retained earnings, endowment, accumulated income, or other funds   32  
33 Total net assets or fund balances ........... -79,552,878 33 -82,994,563
34 Total liabilities and net assets/fund balances ........ 612,400,768 34 585,378,760
Form 990 (2012)
Form 990 (2012)
Page 12
Part XI
Reconcilliation of Net Assets
Check if Schedule O contains a response to any question in this Part XI ...............
1
Total revenue (must equal Part VIII, column (A), line 12) ............
1
93,091,087
2
Total expenses (must equal Part IX, column (A), line 25) ............
2
96,851,268
3
Revenue less expenses. Subtract line 2 from line 1 ..............
3
-3,760,181
4
Net assets or fund balances at beginning of year (must equal Part X, line 33, column (A)) ..
4
-79,552,878
5
Net unrealized gains (losses) on investments ...............
5
28,141
6
Donated services and use of facilities .................
6
 
7
Investment expenses .....................
7
 
8
Prior period adjustments .....................
8
1,230,524
9
Other changes in net assets or fund balances (explain in Schedule O) ........
9
-940,169
10
Net assets or fund balances at end of year. Combine lines 3 through 9 (must equal Part X, line 33, column (B))
10
-82,994,563
Part XII
Financial Statements and Reporting
Check if Schedule O contains a response to any question in this Part XII ..............
Yes
No
1
Accounting method used to prepare the Form 990:  
If the organization changed its method of accounting from a prior year or checked "Other," explain in
Schedule O.
2a
Were the organization’s financial statements compiled or reviewed by an independent accountant?
2a
 
No
If ‘Yes,’ check a box below to indicate whether the financial statements for the year were compiled or reviewed on a separate basis, consolidated basis, or both:
b
Were the organization’s financial statements audited by an independent accountant?
2b
Yes
 
If ‘Yes,’ check a box below to indicate whether the financial statements for the year were audited on a separate basis, consolidated basis, or both:
c
If “Yes,” to line 2a or 2b, does the organization have a committee that assumes responsibility for oversight of the audit, review, or compilation of its financial statements and selection of an independent accountant?
2c
Yes
 
If the organization changed either its oversight process or selection process during the tax year, explain in Schedule O.
3a
As a result of a federal award, was the organization required to undergo an audit or audits as set forth in the Single Audit Act and OMB Circular A-133?
3a
 
No
b
If “Yes,” did the organization undergo the required audit or audits? If the organization did not undergo the required audit or audits, explain why in Schedule O and describe any steps taken to undergo such audits
3b
 
 
Form 990 (2012)
Form 990, Special Condition Description:
Special Condition Description
Additional Data


Software ID: 12000266
Software Version: v2012.1.0
SCHEDULE A
(Form 990 or 990EZ)

Department of the Treasury
Internal Revenue Service
Public Charity Status and Public Support

Complete if the organization is a section 501(c)(3) organization or a section
4947(a)(1) nonexempt charitable trust.
right arrow Attach to Form 990 or Form 990-EZ. right arrow See separate instructions.
OMB No. 1545-0047
2012
Open to Public
Inspection
Name of the organization
PROVIDENT RESOURCES GROUP INC
 
Employer identification number

58-2492101
Part I
Reason for Public Charity Status (All organizations must complete this part.) See instructions.
The organization is not a private foundation because it is: (For lines 1 through 11, check only one box.)
1
2
3
4
5
section 170(b)(1)(A)(iv). (Complete Part II.)
6
7
8
9
receipts from activities related to its exempt functions—subject to certain exceptions, and (2) no more than 331/3% of
its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses
acquired by the organization after June 30, 1975. See section 509(a)(2). (Complete Part III.)
10
11
e
f
g
(i) A person who directly or indirectly controls, either alone or together with persons described in (ii)
Yes
No
and (iii) below, the governing body of the supported organization? ................
11g(i)
 
 
(ii) A family member of a person described in (i) above? ......................
11g(ii)
 
 
(iii) A 35% controlled entity of a person described in (i) or (ii) above? ................
11g(iii)
 
 
h
Provide the following information about the supported organization(s).
(i) Name of supported organization (ii) EIN (iii) Type of organization (described on lines 1- 9 above or IRC section (see instructions)) (iv) Is the organization in col. (i) listed in your governing document? (v) Did you notify the organization in col. (i) of your support? (vi) Is the organization in col. (i) organized in the U.S.? (vii) Amount of monetary support
Yes No Yes No Yes No
Total                  

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990EZ.
Cat. No. 11285F
Schedule A (Form 990 or 990-EZ) 2012
Schedule A (Form 990 or 990-EZ) 2012
Page 2
Part II
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi)
(Complete only if you checked the box on line 5, 7, or 8 of Part I or if the organization failed to qualify under Part III. If the organization fails to qualify under the tests listed below, please complete Part III.)
Section A. Public Support
Calendar year (or fiscal year beginning in) right arrow (a) 2008 (b) 2009 (c) 2010 (d) 2011 (e) 2012 (f) Total
1 Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") ....            
2 Tax revenues levied for the organization's benefit and either paid to or expended on its behalf.......            
3 The value of services or facilities furnished by a governmental unit to the organization without charge..            
4 Total. Add lines 1 through 3            
5 The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f)..            
6 Public support. Subtract line 5 from line 4.            
Section B. Total Support
Calendar year (or fiscal year beginning in) right arrow (a) 2008 (b) 2009 (c) 2010 (d) 2011 (e) 2012 (f) Total
7 Amounts from line 4..            
8 Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources...            
9 Net income from unrelated business activities, whether or not the business is regularly carried on..            
10 Other income. Do not include gain or loss from the sale of capital assets (Explain in Part IV.)..            
11 Total support (Add lines 7 through 10).            
12
12
 
13
First five years. If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a 501(c)(3) organization, check this box and stop here........................................right arrow
Section C. Computation of Public Support Percentage
14
14
 
15
15
 
16a
b
17a
b
18
Private foundation. If the organization did not check a box on line 13, 16a, 16b, 17a, or 17b, check this box and see
instructions ..................................................... right arrow
Schedule A (Form 990 or 990-EZ) 2012
Schedule A (Form 990 or 990-EZ) 2012
Page 3
Part III
Support Schedule for Organizations Described in Section 509(a)(2)
(Complete only if you checked the box on line 9 of Part I or if the organization failed to qualify under Part II. If the organization fails to qualify under the tests listed below, please complete Part II.)
Section A. Public Support
Calendar year (or fiscal year beginning in) right arrow (a) 2008 (b) 2009 (c) 2010 (d) 2011 (e) 2012 (f) Total
1 Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") . 32,715       4,347,353 4,380,068
2 Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose...... 36,603,216 43,165,229 48,482,210 51,392,807 64,803,570 244,447,032
3 Gross receipts from activities that are not an unrelated trade or business under section 513..           0
4 Tax revenues levied for the organization's benefit and either paid to or expended on its behalf...           0
5 The value of services or facilities furnished by a governmental unit to the organization without charge..           0
6 Total. Add lines 1 through 5. 36,635,931 43,165,229 48,482,210 51,392,807 69,150,923 248,827,100
7a Amounts included on lines 1, 2, and 3 received from disqualified persons... 0 0 0 0 0 0
b Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year. 0 0 0 0 0 0
c Add lines 7a and 7b.. 0 0 0 0 0 0
8 Public support (Subtract line 7c from line 6.)           248,827,100
Section B. Total Support
Calendar year (or fiscal year beginning in) right arrow (a) 2008 (b) 2009 (c) 2010 (d) 2011 (e) 2012 (f) Total
9 Amounts from line 6... 36,635,931 43,165,229 48,482,210 51,392,807 69,150,923 248,827,100
10a Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources.. 493,490 938,449 1,006,641 143,966 217,078 2,799,624
b Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975.     17,755 48,763 106,527 173,045
c Add lines 10a and 10b. 493,490 938,449 1,024,396 192,729 323,605 2,972,669
11 Net income from unrelated business activities not included in line 10b, whether or not the business is regularly carried on.           0
12 Other income. Do not include gain or loss from the sale of capital assets (Explain in Part IV.) .. 557,823 1,708,104 4,264,027 5,839,168 8,138,302 20,507,424
13 Total support. (Add lines 9, 10c, 11, and 12.).. 37,687,244 45,811,782 53,770,633 57,424,704 77,612,830 272,307,193
14
Section C. Computation of Public Support Percentage
15
15
91.380 %
16
16
93.050 %
Section D. Computation of Investment Income Percentage
17
17
1.090 %
18
18
1.230 %
19a
b
20
Schedule A (Form 990 or 990-EZ) 2012
Schedule A (Form 990 or 990-EZ) 2012
Page 4
Part IV
Supplemental Information. Complete this part to provide the explanations required by Part II, line 10; Part II, line 17a or 17b; and Part III, line 12. Also complete this part for any additional information. (See instructions).
Facts And Circumstances Test
 
Explanation
OTHER INCOME, SCHEDULE A, PART III, LINE 12, DESCRIPTION - OTHER INCOME, COLUMN A - 557823, COLUMN B - 1708104, COLUMN C - 4264027, COLUMN D - 5839168, COLUMN E - 8138302, COLUMN F - 20507424;,
 
 
 
Schedule A (Form 990 or 990-EZ) 2012

Additional Data


Software ID: 12000266
Software Version: v2012.1.0
Schedule B
(Form 990, 990-EZ,
or 990-PF)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors
Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
OMB No. 1545-0047
2012
Name of the organization
PROVIDENT RESOURCES GROUP INC
 
Employer identification number

58-2492101
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ





Form 990-PF




Check if your organization is covered by the General Rule or a Special Rule.  
Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
Special Rules
......................... Arrow Bullet   $    
Caution. An organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2 of its Form 990; or check the box on line H of its
Form 990-EZ or on Part I, line 2 of its Form 990-PF, to certify that it does not meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2012)

Schedule B (Form 990, 990-EZ, or 990-PF) (2012)
Page 2
Name of organization
PROVIDENT RESOURCES GROUP INC
  		Employer identification number

58-2492101
Part I
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
     
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
RESTRICTED
RESTRICTED
 

     
RESTRICTED
RESTRICTED  
RESTRICTED, RESTRICTED   RESTRICTED

$RESTRICTED


(Complete Part II if there is a noncash contribution.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 

     
 
   

$  


(Complete Part II if there is a noncash contribution.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 

     
 
   

$  


(Complete Part II if there is a noncash contribution.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 

     
 
   

$  


(Complete Part II if there is a noncash contribution.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 

     
 
   

$  


(Complete Part II if there is a noncash contribution.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 

     
 
   

$  


(Complete Part II if there is a noncash contribution.)
Schedule B (Form 990, 990-EZ, or 990-PF) (2012)

Schedule B (Form 990, 990-EZ, or 990-PF) (2012)
Page 3
Name of organization
PROVIDENT RESOURCES GROUP INC
  		Employer identification number

58-2492101
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
     
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
Schedule B (Form 990, 990-EZ, or 990-PF) (2012)

Schedule B (Form 990, 990-EZ, or 990-PF) (2012)
Page 4
Name of organization
PROVIDENT RESOURCES GROUP INC
  		Employer identification number

58-2492101
Part III
Exclusively religious, charitable, etc., individual contributions to section 501(c)(7), (8), or (10) organizations
that total more than $1,000 for the year. Complete columns (a) through (e) and the following line entry.
For organizations completing Part III, enter the total of exclusively religious, charitable, etc.,
contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
Use duplicate copies of Part III if additional space is needed.
(a) No.
from
Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
       
 
(a) No.
from
Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
       
 
(a) No.
from
Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
       
 
(a) No.
from
Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
       
 
Schedule B (Form 990, 990-EZ, or 990-PF) (2012)

Additional Data


Software ID: 12000266
Software Version: v2012.1.0
SCHEDULE D
(Form 990)
Department of the Treasury
Internal Revenue Service
Supplemental Financial Statements
SchDMd Bullet Complete if the organization answered "Yes," to Form 990,
Part IV, line 6, 7, 8, 9, 10, 11a, 11b, 11c, 11d, 11e, 11f, 12a, or 12b
SchDMd Bullet Attach to Form 990. SchDMd Bullet See separate instructions.
OMB No. 1545-0047
2012
Open to Public Inspection
Name of the organization
PROVIDENT RESOURCES GROUP INC
 
Employer identification number

58-2492101
Part I
Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts. Complete if the organization answered "Yes" to Form 990, Part IV, line 6.
(a) Donor advised funds (b) Funds and other accounts
1 Total number at end of year .........    
2 Aggregate contributions to (during year) ...    
3 Aggregate grants from (during year) .....    
4 Aggregate value at end of year ........    
5
Did the organization inform all donors and donor advisors in writing that the assets held in donor advised
funds are the organization's property, subject to the organization's exclusive legal control? ............
6
Did the organization inform all grantees, donors, and donor advisors in writing that grant funds can be
used only for charitable purposes and not for the benefit of the donor or donor advisor, or for any other purpose conferring impermissible private benefit? ...................................
Part II
Conservation Easements. Complete if the organization answered "Yes" to Form 990, Part IV, line 7.
1
Purpose(s) of conservation easements held by the organization (check all that apply).
2
Complete lines 2a through 2d if the organization held a qualified conservation contribution in the form of a conservation easement on the last day of the tax year.
Held at the End of the Year
a Total number of conservation easements ....................... 2a  
b Total acreage restricted by conservation easements .................. 2b  
c Number of conservation easements on a certified historic structure included in (a) ..... 2c  
d Number of conservation easements included in (c) acquired after 8/17/06, and not on a historic structure listed in the National Register .................... 2d  
3
Number of conservation easements modified, transferred, released, extinguished, or terminated by the organization during
the tax year SchDMd Bullet  
4
Number of states where property subject to conservation easement is located SchDMd Bullet  
5
Does the organization have a written policy regarding the periodic monitoring, inspection, handling of violations, and
enforcement of the conservation easements it holds? .............................
6
Staff and volunteer hours devoted to monitoring, inspecting, and enforcing conservation easements during the year
SchDMd Bullet  
7
Amount of expenses incurred in monitoring, inspecting, and enforcing conservation easements during the year
SchDMd Bullet $  
8
Does each conservation easement reported on line 2(d) above satisfy the requirements of section 170(h)(4)(B)(i) and section 170(h)(4)(B)(ii)? .......................................
9
In Part XIII, describe how the organization reports conservation easements in its revenue and expense statement, and
balance sheet, and include, if applicable, the text of the footnote to the organization’s financial statements that describes
the organization’s accounting for conservation easements.
Part III
Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets.
Complete if the organization answered "Yes" to Form 990, Part IV, line 8.
1a
If the organization elected, as permitted under SFAS 116 (ASC 958), not to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide, in Part XIII, the text of the footnote to its financial statements that describes these items.
b
If the organization elected, as permitted under SFAS 116 (ASC 958), to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide the following amounts relating to these items:
(i)
Revenues included in Form 990, Part VIII, line 1 ........................SchDMd Bullet $  
(ii)
Assets included in Form 990, Part X ..............................SchDMd Bullet $  
2
If the organization received or held works of art, historical treasures, or other similar assets for financial gain, provide the
following amounts required to be reported under SFAS 116 (ASC 958) relating to these items:
a
Revenues included in Form 990, Part VIII, line 1 ..........................SchDMd Bullet $  
b
Assets included in Form 990, Part X ...............................SchDMd Bullet $  
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 52283D
Schedule D (Form 990) 2012

Schedule D (Form 990) 2012
Page 2
Part III
Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets (continued)
3
Using the organization’s acquisition, accession, and other records, check any of the following that are a significant use of its collection items (check all that apply):
a
d
b
e
 
c
4
Provide a description of the organization’s collections and explain how they further the organization’s exempt purpose in
Part XIII.
5
During the year, did the organization solicit or receive donations of art, historical treasures or other similar
assets to be sold to raise funds rather than to be maintained as part of the organization’s collection?........
Part IV
Escrow and Custodial Arrangements. Complete if the organization answered "Yes" to Form 990,
Part IV, line 9, or reported an amount on Form 990, Part X, line 21.
1a
Is the organization an agent, trustee, custodian or other intermediary for contributions or other assets not
included on Form 990, Part X? ....................................
b
If "Yes," explain the arrangement in Part XIII and complete the following table:
Amount
c Beginning balance ................................. 1c 107,255
d Additions during the year .............................. 1d 1,633,938
e Distributions during the year ............................. 1e 1,595,396
f Ending balance ................................... 1f 145,796
2a
Did the organization include an amount on Form 990, Part X, line 21? .....................
b
If “Yes,” explain the arrangement in Part XIII. Check here if the explanation has been provided in Part XIII ........
Part V
Endowment Funds. Complete if the organization answered "Yes" to Form 990, Part IV, line 10.
(a)Current year (b)Prior year b (c)Two years back (d)Three years back (e)Four years back
1a Beginning of year balance ....          
b Contributions ........          
c Net investment earnings, gains, and losses          
d Grants or scholarships .....          
e Other expenditures for facilities
and programs ........ 		         
f Administrative expenses ....          
g End of year balance ......          
2
Provide the estimated percentage of the current year end balance (line 1g, column (a)) held as:
a
Board designated or quasi-endowment SchDMd Bullet  
b
Permanent endowment SchDMd Bullet  
c
Temporarily restricted endowment SchDMd Bullet  
The percentages in lines 2a, 2b, and 2c should equal 100%.
3a
Are there endowment funds not in the possession of the organization that are held and administered for the
organization by:

Yes
No
(i) unrelated organizations ........................
3a(i)
 
 
(ii) related organizations ........................
3a(ii)
 
 
b
If "Yes" to 3a(ii), are the related organizations listed as required on Schedule R? .........
3b
 
 
4
Describe in Part XIII the intended uses of the organization's endowment funds.
Part VI
Land, Buildings, and Equipment. See Form 990, Part X, line 10.
Description of property (a) Cost or other basis (investment) (b)Cost or other basis (other) (c) Accumulated depreciation (d) Book value
1a Land .................   32,356,352 32,356,352
b Buildings ................   461,871,567 33,932,352 427,939,215
c Leasehold improvements ............   4,194,994 467,151 3,727,843
d Equipment ................   46,075,630 10,821,285 35,254,345
e Other .................   3,425,148 464,941 2,960,207
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).).......SchDMdBullet 502,237,962
Schedule D (Form 990) 2012

Schedule D (Form 990) 2012
Page 3
Part VII
Investments—Other Securities. See Form 990, Part X, line 12.
(a) Description of security or category
(including name of security)		 (b)Book value (c) Method of valuation:
Cost or end-of-year market value
(1)Financial derivatives    
(2)Closely-held equity interests    
Other








Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)Small Bullet  
Part VIII
Investments—Program Related. See Form 990, Part X, line 13.
(a) Description of investment type (b) Book value (c) Method of valuation:
Cost or end-of-year market value








Total. (Column (b) must equal Form 990, Part X, col.(B) line 13.)Small Bullet  
Part IX
Other Assets. See Form 990, Part X, line 15.
(a) Description (b) Book value
(1) RESTRICTED ESCROW 50,744,173
(2) TENANT SECURITY DEPOSITS 257,222
(3) DEFERRED FINANCING COST, NET 7,488,443
(4) INTEREST RATE SWAP RECEIVABLE 765,933
(5) OTHER ASSETS 600,000




Total. (Column (b) must equal Form 990, Part X, col.(B) line 15.)...........Small Bullet 59,855,771
Part X
Other Liabilities. See Form 990, Part X, line 25.
1.(a) Description of liability (b) Book value
Federal income taxes 0
CAPITAL LEASE OBLIGATION 50,531
OTHER LIABILITIES 1,553,101
TENANT SECURITY DEPOSITS 180,755
INTEREST RATE SWAP 30,555,802
ASSET RETIREMENT OBLIGATIONS 2,517,080




Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)Small Bullet 34,857,269
2. Fin 48 (ASC 740) Footnote. In Part XIII, provide the text of the footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FIN 48 (ASC 740). Check here if the text of the footnote has been provided in Part XIII .....................................................
Schedule D (Form 990) 2012

Schedule D (Form 990) 2012
Page 4
Part XI Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
1 Total revenue, gains, and other support per audited financial statements ....... 1 92,179,059
2 Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a Net unrealized gains on investments .......... 2a 28,141
b Donated services and use of facilities ......... 2b  
c Recoveries of prior year grants ........... 2c  
d Other (Describe in Part XIII.) ............ 2d 0
e Add lines 2a through 2d ..................... 2e 28,141
3 Subtract line 2e from line 1..................... 3 92,150,918
4 Amounts included on Form 990, Part VIII, line 12, but not on line 1:
a Investment expenses not included on Form 990, Part VIII, line 7b . 4a  
b Other (Describe in Part XIII.) ........... 4b 940,169
c Add lines 4a and 4b....................... 4c 940,169
5 Total revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) ...... 5 93,091,087
Part XII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
1 Total expenses and losses per audited financial statements ........... 1 96,851,268
2 Amounts included on line 1 but not on Form 990, Part IX, line 25:
a Donated services and use of facilities .......... 2a  
b Prior year adjustments .............. 2b  
c Other losses ................ 2c  
d Other (Describe in Part XIII.) ............ 2d 0
e Add lines 2a through 2d...................... 2e 0
3 Subtract line 2e from line 1..................... 3 96,851,268
4 Amounts included on Form 990, Part IX, line 25, but not on line 1:
a Investment expenses not included on Form 990, Part VIII, line 7b .. 4a  
b Other (Describe in Part XIII.) ............ 4b 0
c Add lines 4a and 4b....................... 4c 0
5 Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.) ...... 5 96,851,268
Part XIII
Supplemental Information
Complete this part to provide the descriptions required for Part II, lines 3, 5, and 9; Part III, lines 1a and 4; Part lV, lines 1b and 2b;
Part V, line 4; Part X, line 2; Part XI, lines 2d and 4b; and Part XII, lines 2d and 4b. Also complete this part to provide any additional information.
Identifier Return Reference Explanation
Agent, trustee, custodian, or other intermediary arrangement Schedule D, Part IV, Line 1b THE ORGANIZATION HOLDS RESIDENT TRUST FUNDS ON BEHALF OF THE RESIDENTS RESIDING IN NURSING HOMES. THE ORGANIZATION ONLY ACTS AS A CUSTODIAN FOR THE FUNDS IN THESE ACCOUNTS AND THEREFORE, THIS IS NOT TREATED AS AN ASSET OF THE ORGANIZATION.
FIN 48 (ASC 740) footnote Schedule D, Part X, Line 2 PROVIDENT IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(A) OF THE CODE, AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE CODE. PROVIDENT IS NOT SUBJECT TO FEDERAL INCOME TAXES, EXCEPT FOR INCOME FROM UNRELATED BUSINESS ACTIVITIES, IF ANY. ALL AFFILIATES OF PROVIDENT, WITH THE EXCEPTION OF MCFH AND CAPITAL ADVISORS, ARE DISREGARDED ENTITIES FOR FEDERAL INCOME TAX PURPOSES. MCFH AND CAPITAL ADVISORS ARE LIMITED LIABILITY COMPANIES WHOSE ECONOMIC SOLE MEMBER IS PROVIDENT, IS A TAXABLE SUBSIDIARY AND IS TAXABLE AS A CORPORATION FOR FEDERAL INCOME TAX PURPOSES. U.S. GAAP PRESCRIBES RECOGNITION THRESHOLDS AND MEASUREMENT ATTRIBUTES FOR THE CONSOLIDATED FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. TAX BENEFITS WILL BE RECOGNIZED ONLY IF THE TAX POSITION IS MORE-LIKELY-THAN-NOT SUSTAINED IN A TAX EXAMINATION, WITH A TAX EXAMINATION BEING PRESUMED TO OCCUR. THE AMOUNT RECOGNIZED WILL BE THE LARGEST AMOUNT OF TAX BENEFIT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED ON EXAMINATION. FOR TAX POSITIONS NOT MEETING THE MORE-LIKELY-THAN-NOT TEST, NO TAX BENEFIT WILL BE RECORDED. MANAGEMENT HAS CONCLUDED THAT THEY ARE UNAWARE OF ANY TAX BENEFITS OR LIABILITIES TO BE RECOGNIZED AT DECEMBER 31, 2012 AND 2011. PROVIDENT IS NO LONGER SUBJECT TO EXAMINATION BY U.S. FEDERAL TAXING AUTHORITIES FOR YEARS BEFORE 2009 AND FOR ALL STATE INCOME TAXES THROUGH 2009. PROVIDENT DOES NOT EXPECT THE TOTAL AMOUNT OF UNRECOGNIZED TAX BENEFITS TO SIGNIFICANTLY CHANGE IN THE NEXT 12 MONTHS. PROVIDENT WOULD RECOGNIZE INTEREST AND PENALTIES UNRELATED TO UNRECOGNIZED TAX BENEFITS IN INTEREST AND INCOME TAX EXPENSE, RESPECTIVELY. PROVIDENT HAS NO AMOUNTS ACCRUED FOR INTEREST OR PENALTIES AS OF DECEMBER 31, 2012 AND 2011.
Other revenues in form 990 not in audited financial statements Schedule D, Part XI, Line 4b UNREALIZED LOSS ON SWAP AGREEMENT - 940169;
Schedule D (Form 990) 2012

Additional Data


Software ID: 12000266
Software Version: v2012.1.0




Schedule J
(Form 990)
Department of the Treasury
Internal Revenue Service
Compensation Information
For certain Officers, Directors, Trustees, Key Employees, and Highest
Compensated Employees
SchJMediumBullet Complete if the organization answered "Yes" to Form 990,
Part IV, question 23.
SchJMediumBullet Attach to Form 990. SchJMediumBullet See separate instructions.
OMB No. 1545-0047
2012
Open to Public Inspection
Name of the organization
PROVIDENT RESOURCES GROUP INC
 
Employer identification number

58-2492101
Part I
Questions Regarding Compensation
Yes
No
1a
Check the appropiate box(es) if the organization provided any of the following to or for a person listed in Form
990, Part VII, Section A, line 1a. Complete Part III to provide any relevant information regarding these items.
b
If any of the boxes in line 1a are checked, did the organization follow a written policy regarding payment or reimbursement or provision of all of the expenses described above? If "No," complete Part III to explain....
1b
 
 
2
Did the organization require substantiation prior to reimbursing or allowing expenses incurred by all officers,
directors, trustees, and the CEO/Executive Director, regarding the items checked in line 1a? .......
2
 
 
3
Indicate which, if any, of the following the filing organization used to establish the compensation of the
organization's CEO/Executive Director. Check all that apply. Do not check any boxes for methods
used by a related organization to establish compensation of the CEO/Executive Director, but explain in Part III.
4
During the year, did any person listed in Form 990, Part VII, Section A, line 1a with respect to the filing organization or a related organization:
a
Receive a severance payment or change-of-control payment? ................
4a
 
No
b
Participate in, or receive payment from, a supplemental nonqualified retirement plan? .........
4b
 
No
c
Participate in, or receive payment from, an equity-based compensation arrangement? .........
4c
 
No
If "Yes" to any of lines 4a-c, list the persons and provide the applicable amounts for each item in Part III.
Only 501(c)(3) and 501(c)(4) organizations only must complete lines 5-9.
5
For persons listed in Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the revenues of:
a
The organization? ...........................
5a
 
No
b
Any related organization? .........................
5b
 
No
If "Yes," to line 5a or 5b, describe in Part III.
6
For persons listed in Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the net earnings of:
a
The organization? ...........................
6a
 
No
b
Any related organization? .........................
6b
 
No
If "Yes," to line 6a or 6b, describe in Part III.
7
For persons listed in Form 990, Part VII, Section A, line 1a, did the organization provide any non-fixed
payments not described in lines 5 and 6? If "Yes," describe in Part III ............
7
Yes
 
8
Were any amounts reported in Form 990, Part VII, paid or accured pursuant to a contract that was
subject to the initial contract exception described in Regulations section 53.4958-4(a)(3)? If "Yes," describe
in Part III .............................
8
 
No
9
If "Yes" to line 8, did the organization also follow the rebuttable presumption procedure described in Regulations section 53.4958-6(c)? .........................
9
 
 
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50053T
Schedule J (Form 990) 2012

Schedule J (Form 990) 2012
Page 2
Part II
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees. Use duplicate copies if additional space is needed.
For each individual whose compensation must be reported in Schedule J, report compensation from the organization on row (i) and from related organizations, described in the
instructions, on row (ii). Do not list any individuals that are not listed on Form 990, Part VII.
Note. The sum of columns (B)(i)-(iii) for each listed individual must equal the total amount of Form 990, Part VII, Section A, line 1a, applicable column (D) and (E) amounts for that individual.
(A) Name and Title (B) Breakdown of W-2 and/or 1099-MISC compensation (C) Retirement and other deferred compensation (D) Nontaxable
benefits		 (E) Total of columns
(B)(i)-(D) 		(F) Compensation
reported as deferred
in prior Form 990
(i) Base compensation (ii) Bonus & incentive compensation (iii) Other reportable compensation
(1)ALLEN CURTISADMINISTRATOR (i)
(ii)		 109,776
0 		14,023
0 		565
0 		1,274
0 		30,958
0 		156,596
0 		0
0
(2)MARY DEPIETROMANAGING DIRECTOR OF SENIOR LIVING (i)
(ii)		 152,769
0 		0
0 		455
0 		1,550
0 		30,958
0 		185,732
0 		0
0
(3)DONOVAN O HICKSGENERAL COUNSEL (i)
(ii)		 272,769
0 		84,349
0 		34,770
0 		0
0 		30,958
0 		422,846
0 		0
0
(4)DEBRA W LOCKWOODEXECUTIVE VP AND CFO (i)
(ii)		 279,740
0 		93,721
0 		6,236
0 		2,654
0 		17,512
0 		399,863
0 		0
0
(5)STEVE E HICKSCHAIRMAN, PRESIDENT & CEO (i)
(ii)		 445,847
0 		159,325
0 		11,621
0 		0
0 		24,242
0 		641,035
0 		0
0
(6)MARLA SCANNICCHIOMANAGING DIRECTOR OF ACCOUNTING (i)
(ii)		 160,482
0 		0
0 		10,422
0 		1,670
0 		31,226
0 		203,800
0 		0
0
(7)RANDALL MCCLELLANADMINISTRATOR (i)
(ii)		 118,956
0 		8,510
0 		399
0 		692
0 		21,939
0 		150,496
0 		0
0
Schedule J (Form 990) 2012

Schedule J (Form 990) 2012
Page 3
Part III
Supplemental Information
Complete this part to provide the information, explanation, or descriptions required for Part I, lines 1a, 1b, 3, 4a, 4b, 4c, 5a, 5b, 6a, 6b, 7, and 8, and for Part II.
Also complete this part for any additional information.
Identifier Return Reference Explanation
Non-fixed payments Schedule J, Part I, Line 7 DURING 2012, STEVE E. HICKS, CHAIRMAN, PRESIDENT & CEO, DEBRA W. LOCKWOOD, EXECUTIVE VP AND CFO, AND DONOVAN O. HICKS, GENERAL COUNSEL, WERE GIVEN A "SPOT" BONUS FOR THEIR EXTRAORDINARY EFFORTS IN MANAGING PROVIDENT RESOURCES GROUP.
Schedule J (Form 990) 2012

Additional Data


Software ID: 12000266
Software Version: v2012.1.0
Schedule K
(Form 990)
Department of the Treasury
Internal Revenue Service
Supplemental Information on Tax Exempt Bonds
SchKMediumBullet Complete if the organization answered "Yes" to Form 990, Part IV, line 24a. Provide descriptions,
explanations, and any additional information in Part VI.
SchKMediumBullet Attach to Form 990. SchKMediumBullet See separate instructions.
OMB No. 1545-0047
2012
Open to Public
Inspection
Name of the organization
PROVIDENT RESOURCES GROUP INC
 
Employer identification number
58-2492101
Part I
Bond Issues
(a) Issuer name (b) Issuer EIN (c) CUSIP # (d) Date issued (e) Issue price (f) Description of purpose (g) Defeased (h) On
behalf of
issuer 		(i) Pool
financing
Yes No Yes No Yes No
A LA LOCAL GOV ENVIRON FACILITIES & COMMUNITY DEVELOPMENT AUTHORITY
  		72-1416168 546279UQ1 12-15-2004 14,610,000 NEW INFRASTRUCTURE & FACILITIES   X   X   X
B LA LOCAL GOV ENVIRON FACILITIES & COMMUNITY DEVELOPMENT AUTHORITY
  		72-1416168   01-10-2007 3,500,000 NEW OFFICE BUILDING   X   X   X
C LA LOCAL GOV ENVIRON FACILITIES & COMMUNITY DEVELOPMENT AUTHORITY
  		72-1416168 546279UQ1 08-09-2007 17,570,000 NEW INFRASTRUCTURE & FACILITIES   X   X   X
D LA LOCAL GOV ENVIRON FACILITIES & COMMUNITY DEVELOPMENT AUTHORITY
  		72-1416158 546276BT2 04-29-2009 9,800,000 AQUISITION/REHAB AND EQUIP TWO RESIDENTIAL RENTAL HOUSING PROPERTIES   X   X   X
BALTIMORE COUNTY MARYLAND
  		52-6000089   06-26-2009 42,500,000 TO FINANCE THE ACQUISITION OF LAND AND BUILDINGS IN TOWSON MARYLAND.   X   X   X
CABELL COUNTY WEST VIRGINIA
  		55-6000305 12681XAD0 07-30-2010 79,737,500 ACQUISITION OF FACILITIES   X   X   X
CABELL COUNTY WEST VIRGINIA
  		55-6000305   07-30-2010 9,353,000 ACQUISITION OF FACILITIES   X   X   X
NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY
  		22-2045817   06-11-2010 23,600,000 NEW INFRASTRUCTURE AND FACILITIES   X   X   X
NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY
  		22-2045817 645918YV9 06-11-2010 210,763,676 NEW INFRASTRUCTURE AND FACILITIES   X   X   X
PUBLIC FINANCE AUTHORITY
  		27-3866124 74439YAA9 08-11-2011 88,345,000 NEW INFRASTRUCTURE AND FACILITIES   X   X   X
Part II
Proceeds
A B C D
1 Amount of bonds retired . . . . . . . . . . . . . . 745,000 1,266,630 735,000 480,000
2 Amount of bonds legally defeased . . . . . . . . . . . 0 0 0 0
3 Total proceeds of issue . . . . . . . . . . . . . . 15,207,701 3,587,089 18,068,393 9,803,810
4 Gross proceeds in reserve funds . . . . . . . . . . . . 904,109 0 1,515,452 0
5 Capitalized interest from proceeds . . . . . . . . . . . 778,433 146,486 1,319,733 0
6 Proceeds in refunding escrows . . . . . . . . . . . . 0 0 0 0
7 Issuance costs from proceeds . . . . . . . . . . . . 255,385 70,000 207,326 196,000
8 Credit enhancement from proceeds . . . . . . . . . . . 159,156 0 134,697 0
9 Working capital expenditures from proceeds . . . . . . . . . 0 0 0 0
10 Capital expenditures from proceeds . . . . . . . . . . . 13,110,618 3,370,603 13,813,495 9,607,810
11 Other spent proceeds . . . . . . . . . . . . . . 0 0 58,342 0
12 Other unspent proceeds . . . . . . . . . . . . . . 0 0 1,019,348 0
13 Year of substantial completion . . . . . . . . . . . . 2005 2008 2008 2009
Yes No Yes No Yes No Yes No
14 Were the bonds issued as part of a current refunding issue? . . . . .   X   X   X   X
15 Were the bonds issued as part of an advance refunding issue? . . . . .   X   X   X   X
16 Has the final allocation of proceeds been made? . . . . . . . . X   X   X   X  
17 Does the organization maintain adequate books and records to support the final allocation of proceeds? . . . . . . . . . . . . . . X   X   X   X  
Part III
Private Business Use
A B C D
Yes No Yes No Yes No Yes No
1 Was the organization a partner in a partnership, or a member of an LLC, which owned property financed by tax-exempt bonds? . . . . . . .   X   X   X   X
2 Are there any lease arrangements that may result in private business use of bond-financed property? . . . . . . . . .   X   X   X   X
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50193E
Schedule K (Form 990) 2012
Schedule K (Form 990) 2012
Page 2
Part III
Private Business Use (Continued)
A B C D
Yes No Yes No Yes No Yes No
3a Are there any management or service contracts that may result in private business use of bond-financed property? . . . . . . . . . . . . X     X X   X  
b If "Yes" to line 3a, does the organization routinely engage bond counsel or other outside counsel to review any management or service contracts relating to the financed property? . . . . . . . . . . . . . . . . X     X X   X  
c Are there any research agreements that may result in private business use of bond-financed property? . . . . . . . . . . . . . . .   X   X   X   X
d If "Yes" to line 3c, does the organization routinely engage bond counsel or other outside counsel to review any research agreements relating to the financed property? .   X   X   X   X
4 Enter the percentage of financed property used in a private business use by entities other than a section 501(c)(3) organization or a state or local government . . SchKMediumBullet 0.0000% 0.0000% 0.0000% 0.0000%
5 Enter the percentage of financed property used in a private business use as a result of unrelated trade or business activity carried on by your organization, another section 501(c)(3) organization, or a state or local government . . . . . . . SchKMediumBullet 0.0000% 0.0000% 0.0000% 0.0000%
6 Total of lines 4 and 5 . . . . . . . . . . . . . . . 0.0000% 0.0000% 0.0000% 0.0000%
7 Does the bond issue meet the private security or payment test? . . . . .   X   X   X   X
8a Has there been a sale or disposition of any of the bond financed property to a nongovernmental person other than a 501(c)(3) organization since the bonds were issued?. . . . . . . . . . . . . . . . .   X   X   X   X
b If “Yes” to line 8a, enter the percentage of bond-financed property sold or disposed of. 0.000000% 0.000000% 0.000000% 0.000000%
c If “Yes” to line 8a, was any remedial action taken pursuant to Regulations sections 1.141-12 and 1.145-2? . . . . . . . . . . . . .   X   X   X   X
9 Has the organization established written procedures to ensure that all nonqualified bonds of the issue are remediated in accordance with the requirements under
Regulations sections 1.141-12 and 1.145-2?
X   X   X   X  
Part IV
Arbitrage
A B C D
Yes No Yes No Yes No Yes No
1 Has the issuer filed Form 8038-T? . . . . .   X   X   X   X
2 If "No" to line 1, did the following apply? . . . .
a Rebate not due yet? . . . . . . . .   X   X   X X  
b Exception to rebate? . . . . . . . .   X   X   X   X
c No rebate due? . . . . . . . . . .
X   X   X     X
If you checked "No rebate due" in line 2c, provide in Part VI the date the rebate computation was performed
3 Is the bond issue a variable rate issue? . . . . X   X   X   X  
4a Has the organization or the governmental issuer entered into a qualified hedge with respect to the bond issue? X   X   X     X
b Name of provider . . . . . . . . . REGIONS FINANCIAL CORP
  		CAPITAL ONE
  		REGIONS FINANCIAL CORP
  		 
 
c Term of hedge . . . . . . . . . . 6.5 4.3 6.5 0.0
d Was the hedge superintegrated? . . . . . .   X   X   X   X
e Was a hedge terminated? . . . . . . .   X   X   X   X
Schedule K (Form 990) 2012
Schedule K (Form 990) 2012
Page 3
Part IV
Arbitrage (Continued)
A B C D
Yes No Yes No Yes No Yes No
5a Were gross proceeds invested in a guaranteed investment contract (GIC)? . . . . . . . . . X     X X     X
b Name of provider . . . . . . . . . MORGAN STANLEY FLEXIBLE AGREEMENTS INC
  		 
  		MBIA INC
  		 
 
c Term of GIC . . . . . . . . . . 4.0 0.0 1.0 0.0
d Was the regulatory safe harbor for establishing the fair market value of the GIC satisfied? . . . . . X     X X     X
6 Were any gross proceeds invested beyond an available temporary period? . . . . . . . .   X   X   X   X
7 Has the organization established written procedures to monitor the requirements of section 148? . . . X   X   X   X  
Part V
Procedures To Undertake Corrective Action
A B C D
Yes No Yes No Yes No Yes No
1 Has the organization established written procedures to ensure that violations of federal tax requirements are timely identified and corrected through the voluntary closing agreement program if self-remediation is not available under applicable regulations? X   X   X   X  
Part VI
Supplemental Information. Complete this part to provide additional information for responses to questions on Schedule K (see instructions).
Identifier Return Reference Explanation
TERM OF GIC WITH REGIONS SCHEDULE K, PART IV, LINE 5C FOR LA LOCAL GOVERNMENT ENVIRONMENTAL FACILITIES AND COMMUNITY DEVELOPMENT AUTHORITY (12/15/04): GIC RELATED TO NSU 2004 REGIONS FOR A TERM OF 1 YEAR
VARIABLE RATE ISSUE VERSUS FIXED RATE ISSUE SCHEDULE K, PART IV, LINE 3 FOR LA LOCAL GOVERNMENT ENVIRONMENTAL FACILITIES AND COMMUNITY DEVELOPMENT AUTHORITY (JANUARY 2007) SCHEDULE K - BOND ISSUANCE FOR LA FACILITIES FOR BUILDING OFFICE BUILDING - THIS ISSUANCE HAD 3 SERIES 2007A 2,635,000 VARIABLE RATE 2007B 465,000 FIXED RATE 2007C 400,000 FIXED RATE
TERM OF HEDGE SCHEDULE K, PART IV, LINE 4C FOR ALL BONDS REPORTED ON SCHEDULE K, THE TERM OF THE HEDGE REPORTED IS COMPUTED FROM DECEMBER 31, 2012.
EXCEPTION TO REBATE SCHEDULE K, PART IV, LINE 2B FOR ALL BONDS REPORTED ON SCHEDULE K, THE PROJECT AND COST OF ISSUANCE FUNDS WERE SPENT WITHIN THE TEMPORARY PERIODS; HOWEVER, AN ARBITRAGE REBATE LIABILITY CALCULATION IS STILL REQUIRED AND PERFORMED AS REQUIRED. THEREFORE, THE BONDS DO NOT QUALIFY FOR AN EXCEPTION TO REBATE.
MANAGEMENT CONTRACTS SCHEDULE K, PART III, LINE 3A THE TAXPAYER HAS ENTERED INTO MANAGEMENT AGREEMENTS WITH RESPECT TO CERTAIN OF THE PROJECTS DESCRIBED IN SCHEDULE K. THESE CONTRACTS HAVE BEEN REVIEWED BY BOND COUNSEL AND TAXPAYER'S COUNSEL TO ENSURE COMPLIANCE WITH REVENUE PROCEDURE 97-13.
TERM OF GIC SCHEDULE K, PART IV, LINE 5C FOR ALL BONDS REPORTED ON SCHEDULE K, THE TERM OF THE GIC REPORTED IS COMPUTED FROM THE DATE OF ISSUE OF THE BONDS TO THE DATE OF TERMINATION OF THE GIC.
PRIVATE BUSINESS USE SCHEDULE K, PART III, LINE 5 FOR CABELL COUNTY, WEST VIRGINIA $79,737,500 ISSUE: FOR BONDS ISSUED BY CABELL COUNTY, WEST VIRGINIA, APPROXIMATELY $106,527 OF TAXABLE UNRELATED BUSINESS INCOME WAS IDENTIFIED FOR THE FISCAL YEAR ENDING 12.31.20112 TOTAL REVENUES FOR THIS PROJECT WERE $8,947,097 FOR THE FISCAL YEAR ENDING 12.31.12 RESULTING IN PRIVATE BUSINESS USE AS A RESULT OF UNRELATED BUSINESS ACTIVITY CARRIED OF LESS THAN 1%.
NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY SCHEDULE K, PART II, LINE 11 OTHER SPENT FUNDS OF $3,851,923 ON THE NEW JERSEY ECONOMIC DEVELOPMENT FUNDS: IN 2011, $3,851,923 OF PROCEEDS FROM THIS 2010A SERIES BOND WERE ISSUED. THIS AMOUNT WAS ISSUED TO REDEEM SERIES 2010B BONDS IN ACCORDANCE WITH SECTION 3.4(B) OF THE TRUST INDENTURE. AN OPINION WAS RECEIVED FROM TAX COUNSEL THAT STATED THAT USING THE PROCEEDS TO REDEEM THE SERIES B BONDS WOULD NOT ADVERSELY AFFECT THE EXCLUSION FROM GROSS INCOME OF THE INTEREST ON THE BONDS FOR FEDERAL INCOME TAX PURPOSES.
NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY SCHEDULE K, PART II, LINE 1 AMOUNT OF BONDS RETIRED OF $3,851,923 ON THE NEW JERSEY ECONOMIC DEVELOPMENT FUNDS: IN 2011, $3,851,923 OF PROCEEDS FROM THIS 2010A SERIES BOND WERE ISSUED. THIS AMOUNT WAS ISSUED TO REDEEM SERIES 2010B BONDS IN ACCORDANCE WITH SECTION 3.4(B) OF THE TRUST INDENTURE. AN OPINION WAS RECEIVED FROM TAX COUNSEL THAT STATED THAT USING THE PROCEEDS TO REDEEM THE SERIES B BONDS WOULD NOT ADVERSELY AFFECT THE EXCLUSION FROM GROSS INCOME OF THE INTEREST ON THE BONDS FOR FEDERAL INCOME TAX PURPOSES.
ALL LISTED BONDS ON SCHEDULE K SCHEDULE K, PART II, LINE 3 IF THE TOTAL PROCEEDS OF THE ISSUE EXCEEDS THE ISSUE PRICE OF EACH RESPECTIVE BOND, THE DIFFERENCE IS DUE TO INVESTMENT EARNINGS. INVESTMENT EARNINGS ARE INCLUDED IN THE TOTAL PROCEEDS OF EACH ISSUE.
LA LOCAL GOVT ENVIR FACILITIES FOR 17,570,000 SCHEDULE K, PART II, LINE 12 OTHER UNSPENT PROCEEDS ARE CURRENTLY ON HAND WITH THE TRUSTEE IN AN ACCOUNT DESIGNATED FOR THE UNSPENT PROCEEDS.
PUBLIC FINANCE AUTHORITY SCHEDULE K, PART II, LINE 3 TOTAL PROCEEDS ISSUED ON THE PUBLIC FINANCE AUTHORITY BONDS AS OF DECEMBER 31, 2012, WAS $84,297,246. THE TOTAL BOND ISSUE PRICE FOR THIS BOND, AS REPORTED IN THE 8038, IS $88,345,000. AS OF DECEMBER 31, 2012, THE NEW INFRASTRUCTURE AND FACILITIES WERE SUBSTANTIALLY COMPLETE, HOWEVER THE FINAL REQUISITION FOR BOND FUNDS WAS STILL OUTSTANDING. THEREFORE, THERE IS A DIFFERENCE BETWEEN THE ISSUE PRICE, AS LISTED ON THE 8038, AND THE TOTAL PROCEEDS ISSUED AS OF DECEMBER 31, 2012.
PROCEDURES TO UNDERTAKE CORRECTIVE ACTION SCHEDULE K, PART V THE ORGANIZATION HAS ESTABLISHED A WRITTEN TAX-EXEMPT BOND COMPLIANCE POLICY WHOSE PURPOSE IS TO HELP FOSTER COMPLIANCE WITH RULES REGARDING RECORDKEEPING, INVESTMENTS AND ARBITRAGE OF BOND PROCEEDS, EXPENDITURE OF BOND PROCEEDS AND PRIVATE BUSINESS USE RELATED TO TAX-EXEMPT BONDS. THE ORGANIZATION REVIEWS THE USE OF THOSE PROCEEDS ON AN ON-GOING BASIS. THE ORGANIZATION WOULD ALERT THE ISSUER TO ANY IDENTIFIED VIOLATIONS OF FEDERAL TAX REQUIREMENTS RELATED TO THESE BONDS IN A TIMELY MANNER. THE ORGANIZATION WOULD COOPERATE WITH THE ISSUER AS NECESSARY TO COMPLY WITH THE VOLUNTARY CLOSING AGREEMENT PROGRAM IF SELF-REMEDIATION IS NOT AVAILABLE. AS OF DECEMBER 31, 2012, THE ORGANIZATION IS NOT AWARE OF ANY VIOLATIONS OF FEDERAL TAX REQUIREMENTS RELATED TO ANY OUTSTANDING TAX-EXEMPT BONDS.
ISSUER NAME: LA Local Gov environ facilities & community development authority: Rebate Not Due Yet. Schedule K, Part IV, Line 2a THE CALCULATION FOR COMPUTING REBATE NOT DUE YET WAS PERFORMED ON 6/15/2012.
ISSUER NAME: LA Local Gov environ facilities & community development authority: Rebate Not Due Yet. Schedule K, Part IV, Line 2a THE CALCULATION FOR COMPUTING REBATE NOT DUE YET WAS PERFORMED ON 1/1/2012.
ISSUER NAME: LA Local Gov environ facilities & community development authority: Rebate Not Due Yet. Schedule K, Part IV, Line 2a THE CALCULATION FOR COMPUTING REBATE NOT DUE YET WAS PERFORMED ON 6/15/2012.
ISSUER NAME: CABELL COUNTY, WEST VIRGINIA: Rebate Not Due Yet. Schedule K, Part IV, Line 2a THE CALCULATION FOR COMPUTING REBATE NOT DUE YET WAS PERFORMED ON 7/1/2013.
ISSUER NAME: CABELL COUNTY, WEST VIRGINIA: Rebate Not Due Yet. Schedule K, Part IV, Line 2a THE CALCULATION FOR COMPUTING REBATE NOT DUE YET WAS PERFORMED ON 7/1/2013.
ISSUER NAME: NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY: Rebate Not Due Yet. Schedule K, Part IV, Line 2a THE CALCULATION FOR COMPUTING REBATE NOT DUE YET WAS PERFORMED ON 6/1/2013.
ISSUER NAME: NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY: Rebate Not Due Yet. Schedule K, Part IV, Line 2a THE CALCULATION FOR COMPUTING REBATE NOT DUE YET WAS PERFORMED ON 6/1/2013.
ISSUER NAME: LA Local Gov environ facilities & community development authority: Exception to Rebate. Schedule K, Part IV, Line 2b THE CALCULATION FOR COMPUTING EXCEPTION TO REBATE WAS PERFORMED ON 6/15/2012.
ISSUER NAME: LA Local Gov environ facilities & community development authority: Exception to Rebate. Schedule K, Part IV, Line 2b THE CALCULATION FOR COMPUTING EXCEPTION TO REBATE WAS PERFORMED ON 1/1/2012.
ISSUER NAME: LA Local Gov environ facilities & community development authority: Exception to Rebate. Schedule K, Part IV, Line 2b THE CALCULATION FOR COMPUTING EXCEPTION TO REBATE WAS PERFORMED ON 6/15/2012.
ISSUER NAME: CABELL COUNTY, WEST VIRGINIA: Exception to Rebate. Schedule K, Part IV, Line 2b THE CALCULATION FOR COMPUTING EXCEPTION TO REBATE WAS PERFORMED ON 7/1/2013.
ISSUER NAME: CABELL COUNTY, WEST VIRGINIA: Exception to Rebate. Schedule K, Part IV, Line 2b THE CALCULATION FOR COMPUTING EXCEPTION TO REBATE WAS PERFORMED ON 7/1/2013.
ISSUER NAME: NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY: Exception to Rebate. Schedule K, Part IV, Line 2b THE CALCULATION FOR COMPUTING EXCEPTION TO REBATE WAS PERFORMED ON 6/1/2013.
ISSUER NAME: NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY: Exception to Rebate. Schedule K, Part IV, Line 2b THE CALCULATION FOR COMPUTING EXCEPTION TO REBATE WAS PERFORMED ON 6/1/2013.
ISSUER NAME: LA Local Gov environ facilities & community development authority: No Rebate Due. Schedule K, Part IV, Line 2c THE CALCULATION FOR COMPUTING NO REBATE DUE WAS PERFORMED ON 6/15/2012.
ISSUER NAME: LA Local Gov environ facilities & community development authority: No Rebate Due. Schedule K, Part IV, Line 2c THE CALCULATION FOR COMPUTING NO REBATE DUE WAS PERFORMED ON 1/1/2012.
ISSUER NAME: LA Local Gov environ facilities & community development authority: No Rebate Due. Schedule K, Part IV, Line 2c THE CALCULATION FOR COMPUTING NO REBATE DUE WAS PERFORMED ON 6/15/2012.
ISSUER NAME: CABELL COUNTY, WEST VIRGINIA: No Rebate Due. Schedule K, Part IV, Line 2c THE CALCULATION FOR COMPUTING NO REBATE DUE WAS PERFORMED ON 7/1/2013.
ISSUER NAME: CABELL COUNTY, WEST VIRGINIA: No Rebate Due. Schedule K, Part IV, Line 2c THE CALCULATION FOR COMPUTING NO REBATE DUE WAS PERFORMED ON 7/1/2013.
ISSUER NAME: NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY: No Rebate Due. Schedule K, Part IV, Line 2c THE CALCULATION FOR COMPUTING NO REBATE DUE WAS PERFORMED ON 6/1/2013.
ISSUER NAME: NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY: No Rebate Due. Schedule K, Part IV, Line 2c THE CALCULATION FOR COMPUTING NO REBATE DUE WAS PERFORMED ON 6/1/2013.
ISSUER NAME: Baltimore County, Maryland Schedule K, Part V THE REBATE AMOUNT IS TO BE REMITTED AS OF THE END OF THE FIFTH BOND YEAR. THAT WOULD BE IN 2014. WE HAVE MANUALLY REVIEWED AND AS OF 12.31.2012, NO REBATE IS DUE.
Schedule K (Form 990) 2012

Additional Data


Software ID: 12000266
Software Version: v2012.1.0

Schedule K
(Form 990)
Department of the Treasury
Internal Revenue Service
Supplemental Information on Tax Exempt Bonds
SchKMediumBullet Complete if the organization answered "Yes" to Form 990, Part IV, line 24a. Provide descriptions,
explanations, and any additional information in Part VI.
SchKMediumBullet Attach to Form 990. SchKMediumBullet See separate instructions.
OMB No. 1545-0047
2012
Open to Public
Inspection
Name of the organization
PROVIDENT RESOURCES GROUP INC
 
Employer identification number
58-2492101
Part I
Bond Issues
(a) Issuer name (b) Issuer EIN (c) CUSIP # (d) Date issued (e) Issue price (f) Description of purpose (g) Defeased (h) On
behalf of
issuer 		(i) Pool
financing
Yes No Yes No Yes No
A LA LOCAL GOV ENVIRON FACILITIES & COMMUNITY DEVELOPMENT AUTHORITY
  		72-1416168 546279UQ1 12-15-2004 14,610,000 NEW INFRASTRUCTURE & FACILITIES   X   X   X
B LA LOCAL GOV ENVIRON FACILITIES & COMMUNITY DEVELOPMENT AUTHORITY
  		72-1416168   01-10-2007 3,500,000 NEW OFFICE BUILDING   X   X   X
C LA LOCAL GOV ENVIRON FACILITIES & COMMUNITY DEVELOPMENT AUTHORITY
  		72-1416168 546279UQ1 08-09-2007 17,570,000 NEW INFRASTRUCTURE & FACILITIES   X   X   X
D LA LOCAL GOV ENVIRON FACILITIES & COMMUNITY DEVELOPMENT AUTHORITY
  		72-1416158 546276BT2 04-29-2009 9,800,000 AQUISITION/REHAB AND EQUIP TWO RESIDENTIAL RENTAL HOUSING PROPERTIES   X   X   X
BALTIMORE COUNTY MARYLAND
  		52-6000089   06-26-2009 42,500,000 TO FINANCE THE ACQUISITION OF LAND AND BUILDINGS IN TOWSON MARYLAND.   X   X   X
CABELL COUNTY WEST VIRGINIA
  		55-6000305 12681XAD0 07-30-2010 79,737,500 ACQUISITION OF FACILITIES   X   X   X
CABELL COUNTY WEST VIRGINIA
  		55-6000305   07-30-2010 9,353,000 ACQUISITION OF FACILITIES   X   X   X
NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY
  		22-2045817   06-11-2010 23,600,000 NEW INFRASTRUCTURE AND FACILITIES   X   X   X
NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY
  		22-2045817 645918YV9 06-11-2010 210,763,676 NEW INFRASTRUCTURE AND FACILITIES   X   X   X
PUBLIC FINANCE AUTHORITY
  		27-3866124 74439YAA9 08-11-2011 88,345,000 NEW INFRASTRUCTURE AND FACILITIES   X   X   X
Part II
Proceeds
A B C D
1 Amount of bonds retired . . . . . . . . . . . . . . 745,000 1,266,630 735,000 480,000
2 Amount of bonds legally defeased . . . . . . . . . . . 0 0 0 0
3 Total proceeds of issue . . . . . . . . . . . . . . 15,207,701 3,587,089 18,068,393 9,803,810
4 Gross proceeds in reserve funds . . . . . . . . . . . . 904,109 0 1,515,452 0
5 Capitalized interest from proceeds . . . . . . . . . . . 778,433 146,486 1,319,733 0
6 Proceeds in refunding escrows . . . . . . . . . . . . 0 0 0 0
7 Issuance costs from proceeds . . . . . . . . . . . . 255,385 70,000 207,326 196,000
8 Credit enhancement from proceeds . . . . . . . . . . . 159,156 0 134,697 0
9 Working capital expenditures from proceeds . . . . . . . . . 0 0 0 0
10 Capital expenditures from proceeds . . . . . . . . . . . 13,110,618 3,370,603 13,813,495 9,607,810
11 Other spent proceeds . . . . . . . . . . . . . . 0 0 58,342 0
12 Other unspent proceeds . . . . . . . . . . . . . . 0 0 1,019,348 0
13 Year of substantial completion . . . . . . . . . . . . 2005 2008 2008 2009
Yes No Yes No Yes No Yes No
14 Were the bonds issued as part of a current refunding issue? . . . . .   X   X   X   X
15 Were the bonds issued as part of an advance refunding issue? . . . . .   X   X   X   X
16 Has the final allocation of proceeds been made? . . . . . . . . X   X   X   X  
17 Does the organization maintain adequate books and records to support the final allocation of proceeds? . . . . . . . . . . . . . . X   X   X   X  
Part III
Private Business Use
A B C D
Yes No Yes No Yes No Yes No
1 Was the organization a partner in a partnership, or a member of an LLC, which owned property financed by tax-exempt bonds? . . . . . . .   X   X   X   X
2 Are there any lease arrangements that may result in private business use of bond-financed property? . . . . . . . . .   X   X   X   X
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50193E
Schedule K (Form 990) 2012
Schedule K (Form 990) 2012
Page 2
Part III
Private Business Use (Continued)
A B C D
Yes No Yes No Yes No Yes No
3a Are there any management or service contracts that may result in private business use of bond-financed property? . . . . . . . . . . . . X     X X   X  
b If "Yes" to line 3a, does the organization routinely engage bond counsel or other outside counsel to review any management or service contracts relating to the financed property? . . . . . . . . . . . . . . . . X     X X   X  
c Are there any research agreements that may result in private business use of bond-financed property? . . . . . . . . . . . . . . .   X   X   X   X
d If "Yes" to line 3c, does the organization routinely engage bond counsel or other outside counsel to review any research agreements relating to the financed property? .   X   X   X   X
4 Enter the percentage of financed property used in a private business use by entities other than a section 501(c)(3) organization or a state or local government . . SchKMediumBullet 0.0000% 0.0000% 0.0000% 0.0000%
5 Enter the percentage of financed property used in a private business use as a result of unrelated trade or business activity carried on by your organization, another section 501(c)(3) organization, or a state or local government . . . . . . . SchKMediumBullet 0.0000% 0.0000% 0.0000% 0.0000%
6 Total of lines 4 and 5 . . . . . . . . . . . . . . . 0.0000% 0.0000% 0.0000% 0.0000%
7 Does the bond issue meet the private security or payment test? . . . . .   X   X   X   X
8a Has there been a sale or disposition of any of the bond financed property to a nongovernmental person other than a 501(c)(3) organization since the bonds were issued?. . . . . . . . . . . . . . . . .   X   X   X   X
b If “Yes” to line 8a, enter the percentage of bond-financed property sold or disposed of. 0.000000% 0.000000% 0.000000% 0.000000%
c If “Yes” to line 8a, was any remedial action taken pursuant to Regulations sections 1.141-12 and 1.145-2? . . . . . . . . . . . . .   X   X   X   X
9 Has the organization established written procedures to ensure that all nonqualified bonds of the issue are remediated in accordance with the requirements under
Regulations sections 1.141-12 and 1.145-2?
X   X   X   X  
Part IV
Arbitrage
A B C D
Yes No Yes No Yes No Yes No
1 Has the issuer filed Form 8038-T? . . . . .   X   X   X   X
2 If "No" to line 1, did the following apply? . . . .
a Rebate not due yet? . . . . . . . .   X   X   X X  
b Exception to rebate? . . . . . . . .   X   X   X   X
c No rebate due? . . . . . . . . . .
X   X   X     X
If you checked "No rebate due" in line 2c, provide in Part VI the date the rebate computation was performed
3 Is the bond issue a variable rate issue? . . . . X   X   X   X  
4a Has the organization or the governmental issuer entered into a qualified hedge with respect to the bond issue? X   X   X     X
b Name of provider . . . . . . . . . REGIONS FINANCIAL CORP
  		CAPITAL ONE
  		REGIONS FINANCIAL CORP
  		 
 
c Term of hedge . . . . . . . . . . 6.5 4.3 6.5 0.0
d Was the hedge superintegrated? . . . . . .   X   X   X   X
e Was a hedge terminated? . . . . . . .   X   X   X   X
Schedule K (Form 990) 2012
Schedule K (Form 990) 2012
Page 3
Part IV
Arbitrage (Continued)
A B C D
Yes No Yes No Yes No Yes No
5a Were gross proceeds invested in a guaranteed investment contract (GIC)? . . . . . . . . . X     X X     X
b Name of provider . . . . . . . . . MORGAN STANLEY FLEXIBLE AGREEMENTS INC
  		 
  		MBIA INC
  		 
 
c Term of GIC . . . . . . . . . . 4.0 0.0 1.0 0.0
d Was the regulatory safe harbor for establishing the fair market value of the GIC satisfied? . . . . . X     X X     X
6 Were any gross proceeds invested beyond an available temporary period? . . . . . . . .   X   X   X   X
7 Has the organization established written procedures to monitor the requirements of section 148? . . . X   X   X   X  
Part V
Procedures To Undertake Corrective Action
A B C D
Yes No Yes No Yes No Yes No
1 Has the organization established written procedures to ensure that violations of federal tax requirements are timely identified and corrected through the voluntary closing agreement program if self-remediation is not available under applicable regulations? X   X   X   X  
Part VI
Supplemental Information. Complete this part to provide additional information for responses to questions on Schedule K (see instructions).
Identifier Return Reference Explanation
TERM OF GIC WITH REGIONS SCHEDULE K, PART IV, LINE 5C FOR LA LOCAL GOVERNMENT ENVIRONMENTAL FACILITIES AND COMMUNITY DEVELOPMENT AUTHORITY (12/15/04): GIC RELATED TO NSU 2004 REGIONS FOR A TERM OF 1 YEAR
VARIABLE RATE ISSUE VERSUS FIXED RATE ISSUE SCHEDULE K, PART IV, LINE 3 FOR LA LOCAL GOVERNMENT ENVIRONMENTAL FACILITIES AND COMMUNITY DEVELOPMENT AUTHORITY (JANUARY 2007) SCHEDULE K - BOND ISSUANCE FOR LA FACILITIES FOR BUILDING OFFICE BUILDING - THIS ISSUANCE HAD 3 SERIES 2007A 2,635,000 VARIABLE RATE 2007B 465,000 FIXED RATE 2007C 400,000 FIXED RATE
TERM OF HEDGE SCHEDULE K, PART IV, LINE 4C FOR ALL BONDS REPORTED ON SCHEDULE K, THE TERM OF THE HEDGE REPORTED IS COMPUTED FROM DECEMBER 31, 2012.
EXCEPTION TO REBATE SCHEDULE K, PART IV, LINE 2B FOR ALL BONDS REPORTED ON SCHEDULE K, THE PROJECT AND COST OF ISSUANCE FUNDS WERE SPENT WITHIN THE TEMPORARY PERIODS; HOWEVER, AN ARBITRAGE REBATE LIABILITY CALCULATION IS STILL REQUIRED AND PERFORMED AS REQUIRED. THEREFORE, THE BONDS DO NOT QUALIFY FOR AN EXCEPTION TO REBATE.
MANAGEMENT CONTRACTS SCHEDULE K, PART III, LINE 3A THE TAXPAYER HAS ENTERED INTO MANAGEMENT AGREEMENTS WITH RESPECT TO CERTAIN OF THE PROJECTS DESCRIBED IN SCHEDULE K. THESE CONTRACTS HAVE BEEN REVIEWED BY BOND COUNSEL AND TAXPAYER'S COUNSEL TO ENSURE COMPLIANCE WITH REVENUE PROCEDURE 97-13.
TERM OF GIC SCHEDULE K, PART IV, LINE 5C FOR ALL BONDS REPORTED ON SCHEDULE K, THE TERM OF THE GIC REPORTED IS COMPUTED FROM THE DATE OF ISSUE OF THE BONDS TO THE DATE OF TERMINATION OF THE GIC.
PRIVATE BUSINESS USE SCHEDULE K, PART III, LINE 5 FOR CABELL COUNTY, WEST VIRGINIA $79,737,500 ISSUE: FOR BONDS ISSUED BY CABELL COUNTY, WEST VIRGINIA, APPROXIMATELY $106,527 OF TAXABLE UNRELATED BUSINESS INCOME WAS IDENTIFIED FOR THE FISCAL YEAR ENDING 12.31.20112 TOTAL REVENUES FOR THIS PROJECT WERE $8,947,097 FOR THE FISCAL YEAR ENDING 12.31.12 RESULTING IN PRIVATE BUSINESS USE AS A RESULT OF UNRELATED BUSINESS ACTIVITY CARRIED OF LESS THAN 1%.
NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY SCHEDULE K, PART II, LINE 11 OTHER SPENT FUNDS OF $3,851,923 ON THE NEW JERSEY ECONOMIC DEVELOPMENT FUNDS: IN 2011, $3,851,923 OF PROCEEDS FROM THIS 2010A SERIES BOND WERE ISSUED. THIS AMOUNT WAS ISSUED TO REDEEM SERIES 2010B BONDS IN ACCORDANCE WITH SECTION 3.4(B) OF THE TRUST INDENTURE. AN OPINION WAS RECEIVED FROM TAX COUNSEL THAT STATED THAT USING THE PROCEEDS TO REDEEM THE SERIES B BONDS WOULD NOT ADVERSELY AFFECT THE EXCLUSION FROM GROSS INCOME OF THE INTEREST ON THE BONDS FOR FEDERAL INCOME TAX PURPOSES.
NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY SCHEDULE K, PART II, LINE 1 AMOUNT OF BONDS RETIRED OF $3,851,923 ON THE NEW JERSEY ECONOMIC DEVELOPMENT FUNDS: IN 2011, $3,851,923 OF PROCEEDS FROM THIS 2010A SERIES BOND WERE ISSUED. THIS AMOUNT WAS ISSUED TO REDEEM SERIES 2010B BONDS IN ACCORDANCE WITH SECTION 3.4(B) OF THE TRUST INDENTURE. AN OPINION WAS RECEIVED FROM TAX COUNSEL THAT STATED THAT USING THE PROCEEDS TO REDEEM THE SERIES B BONDS WOULD NOT ADVERSELY AFFECT THE EXCLUSION FROM GROSS INCOME OF THE INTEREST ON THE BONDS FOR FEDERAL INCOME TAX PURPOSES.
ALL LISTED BONDS ON SCHEDULE K SCHEDULE K, PART II, LINE 3 IF THE TOTAL PROCEEDS OF THE ISSUE EXCEEDS THE ISSUE PRICE OF EACH RESPECTIVE BOND, THE DIFFERENCE IS DUE TO INVESTMENT EARNINGS. INVESTMENT EARNINGS ARE INCLUDED IN THE TOTAL PROCEEDS OF EACH ISSUE.
LA LOCAL GOVT ENVIR FACILITIES FOR 17,570,000 SCHEDULE K, PART II, LINE 12 OTHER UNSPENT PROCEEDS ARE CURRENTLY ON HAND WITH THE TRUSTEE IN AN ACCOUNT DESIGNATED FOR THE UNSPENT PROCEEDS.
PUBLIC FINANCE AUTHORITY SCHEDULE K, PART II, LINE 3 TOTAL PROCEEDS ISSUED ON THE PUBLIC FINANCE AUTHORITY BONDS AS OF DECEMBER 31, 2012, WAS $84,297,246. THE TOTAL BOND ISSUE PRICE FOR THIS BOND, AS REPORTED IN THE 8038, IS $88,345,000. AS OF DECEMBER 31, 2012, THE NEW INFRASTRUCTURE AND FACILITIES WERE SUBSTANTIALLY COMPLETE, HOWEVER THE FINAL REQUISITION FOR BOND FUNDS WAS STILL OUTSTANDING. THEREFORE, THERE IS A DIFFERENCE BETWEEN THE ISSUE PRICE, AS LISTED ON THE 8038, AND THE TOTAL PROCEEDS ISSUED AS OF DECEMBER 31, 2012.
PROCEDURES TO UNDERTAKE CORRECTIVE ACTION SCHEDULE K, PART V THE ORGANIZATION HAS ESTABLISHED A WRITTEN TAX-EXEMPT BOND COMPLIANCE POLICY WHOSE PURPOSE IS TO HELP FOSTER COMPLIANCE WITH RULES REGARDING RECORDKEEPING, INVESTMENTS AND ARBITRAGE OF BOND PROCEEDS, EXPENDITURE OF BOND PROCEEDS AND PRIVATE BUSINESS USE RELATED TO TAX-EXEMPT BONDS. THE ORGANIZATION REVIEWS THE USE OF THOSE PROCEEDS ON AN ON-GOING BASIS. THE ORGANIZATION WOULD ALERT THE ISSUER TO ANY IDENTIFIED VIOLATIONS OF FEDERAL TAX REQUIREMENTS RELATED TO THESE BONDS IN A TIMELY MANNER. THE ORGANIZATION WOULD COOPERATE WITH THE ISSUER AS NECESSARY TO COMPLY WITH THE VOLUNTARY CLOSING AGREEMENT PROGRAM IF SELF-REMEDIATION IS NOT AVAILABLE. AS OF DECEMBER 31, 2012, THE ORGANIZATION IS NOT AWARE OF ANY VIOLATIONS OF FEDERAL TAX REQUIREMENTS RELATED TO ANY OUTSTANDING TAX-EXEMPT BONDS.
ISSUER NAME: LA Local Gov environ facilities & community development authority: Rebate Not Due Yet. Schedule K, Part IV, Line 2a THE CALCULATION FOR COMPUTING REBATE NOT DUE YET WAS PERFORMED ON 6/15/2012.
ISSUER NAME: LA Local Gov environ facilities & community development authority: Rebate Not Due Yet. Schedule K, Part IV, Line 2a THE CALCULATION FOR COMPUTING REBATE NOT DUE YET WAS PERFORMED ON 1/1/2012.
ISSUER NAME: LA Local Gov environ facilities & community development authority: Rebate Not Due Yet. Schedule K, Part IV, Line 2a THE CALCULATION FOR COMPUTING REBATE NOT DUE YET WAS PERFORMED ON 6/15/2012.
ISSUER NAME: CABELL COUNTY, WEST VIRGINIA: Rebate Not Due Yet. Schedule K, Part IV, Line 2a THE CALCULATION FOR COMPUTING REBATE NOT DUE YET WAS PERFORMED ON 7/1/2013.
ISSUER NAME: CABELL COUNTY, WEST VIRGINIA: Rebate Not Due Yet. Schedule K, Part IV, Line 2a THE CALCULATION FOR COMPUTING REBATE NOT DUE YET WAS PERFORMED ON 7/1/2013.
ISSUER NAME: NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY: Rebate Not Due Yet. Schedule K, Part IV, Line 2a THE CALCULATION FOR COMPUTING REBATE NOT DUE YET WAS PERFORMED ON 6/1/2013.
ISSUER NAME: NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY: Rebate Not Due Yet. Schedule K, Part IV, Line 2a THE CALCULATION FOR COMPUTING REBATE NOT DUE YET WAS PERFORMED ON 6/1/2013.
ISSUER NAME: LA Local Gov environ facilities & community development authority: Exception to Rebate. Schedule K, Part IV, Line 2b THE CALCULATION FOR COMPUTING EXCEPTION TO REBATE WAS PERFORMED ON 6/15/2012.
ISSUER NAME: LA Local Gov environ facilities & community development authority: Exception to Rebate. Schedule K, Part IV, Line 2b THE CALCULATION FOR COMPUTING EXCEPTION TO REBATE WAS PERFORMED ON 1/1/2012.
ISSUER NAME: LA Local Gov environ facilities & community development authority: Exception to Rebate. Schedule K, Part IV, Line 2b THE CALCULATION FOR COMPUTING EXCEPTION TO REBATE WAS PERFORMED ON 6/15/2012.
ISSUER NAME: CABELL COUNTY, WEST VIRGINIA: Exception to Rebate. Schedule K, Part IV, Line 2b THE CALCULATION FOR COMPUTING EXCEPTION TO REBATE WAS PERFORMED ON 7/1/2013.
ISSUER NAME: CABELL COUNTY, WEST VIRGINIA: Exception to Rebate. Schedule K, Part IV, Line 2b THE CALCULATION FOR COMPUTING EXCEPTION TO REBATE WAS PERFORMED ON 7/1/2013.
ISSUER NAME: NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY: Exception to Rebate. Schedule K, Part IV, Line 2b THE CALCULATION FOR COMPUTING EXCEPTION TO REBATE WAS PERFORMED ON 6/1/2013.
ISSUER NAME: NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY: Exception to Rebate. Schedule K, Part IV, Line 2b THE CALCULATION FOR COMPUTING EXCEPTION TO REBATE WAS PERFORMED ON 6/1/2013.
ISSUER NAME: LA Local Gov environ facilities & community development authority: No Rebate Due. Schedule K, Part IV, Line 2c THE CALCULATION FOR COMPUTING NO REBATE DUE WAS PERFORMED ON 6/15/2012.
ISSUER NAME: LA Local Gov environ facilities & community development authority: No Rebate Due. Schedule K, Part IV, Line 2c THE CALCULATION FOR COMPUTING NO REBATE DUE WAS PERFORMED ON 1/1/2012.
ISSUER NAME: LA Local Gov environ facilities & community development authority: No Rebate Due. Schedule K, Part IV, Line 2c THE CALCULATION FOR COMPUTING NO REBATE DUE WAS PERFORMED ON 6/15/2012.
ISSUER NAME: CABELL COUNTY, WEST VIRGINIA: No Rebate Due. Schedule K, Part IV, Line 2c THE CALCULATION FOR COMPUTING NO REBATE DUE WAS PERFORMED ON 7/1/2013.
ISSUER NAME: CABELL COUNTY, WEST VIRGINIA: No Rebate Due. Schedule K, Part IV, Line 2c THE CALCULATION FOR COMPUTING NO REBATE DUE WAS PERFORMED ON 7/1/2013.
ISSUER NAME: NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY: No Rebate Due. Schedule K, Part IV, Line 2c THE CALCULATION FOR COMPUTING NO REBATE DUE WAS PERFORMED ON 6/1/2013.
ISSUER NAME: NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY: No Rebate Due. Schedule K, Part IV, Line 2c THE CALCULATION FOR COMPUTING NO REBATE DUE WAS PERFORMED ON 6/1/2013.
ISSUER NAME: Baltimore County, Maryland Schedule K, Part V THE REBATE AMOUNT IS TO BE REMITTED AS OF THE END OF THE FIFTH BOND YEAR. THAT WOULD BE IN 2014. WE HAVE MANUALLY REVIEWED AND AS OF 12.31.2012, NO REBATE IS DUE.
Schedule K (Form 990) 2012

Additional Data


Software ID: 12000266
Software Version: v2012.1.0

Schedule K
(Form 990)
Department of the Treasury
Internal Revenue Service
Supplemental Information on Tax Exempt Bonds
SchKMediumBullet Complete if the organization answered "Yes" to Form 990, Part IV, line 24a. Provide descriptions,
explanations, and any additional information in Part VI.
SchKMediumBullet Attach to Form 990. SchKMediumBullet See separate instructions.
OMB No. 1545-0047
2012
Open to Public
Inspection
Name of the organization
PROVIDENT RESOURCES GROUP INC
 
Employer identification number
58-2492101
Part I
Bond Issues
(a) Issuer name (b) Issuer EIN (c) CUSIP # (d) Date issued (e) Issue price (f) Description of purpose (g) Defeased (h) On
behalf of
issuer 		(i) Pool
financing
Yes No Yes No Yes No
A LA LOCAL GOV ENVIRON FACILITIES & COMMUNITY DEVELOPMENT AUTHORITY
  		72-1416168 546279UQ1 12-15-2004 14,610,000 NEW INFRASTRUCTURE & FACILITIES   X   X   X
B LA LOCAL GOV ENVIRON FACILITIES & COMMUNITY DEVELOPMENT AUTHORITY
  		72-1416168   01-10-2007 3,500,000 NEW OFFICE BUILDING   X   X   X
C LA LOCAL GOV ENVIRON FACILITIES & COMMUNITY DEVELOPMENT AUTHORITY
  		72-1416168 546279UQ1 08-09-2007 17,570,000 NEW INFRASTRUCTURE & FACILITIES   X   X   X
D LA LOCAL GOV ENVIRON FACILITIES & COMMUNITY DEVELOPMENT AUTHORITY
  		72-1416158 546276BT2 04-29-2009 9,800,000 AQUISITION/REHAB AND EQUIP TWO RESIDENTIAL RENTAL HOUSING PROPERTIES   X   X   X
BALTIMORE COUNTY MARYLAND
  		52-6000089   06-26-2009 42,500,000 TO FINANCE THE ACQUISITION OF LAND AND BUILDINGS IN TOWSON MARYLAND.   X   X   X
CABELL COUNTY WEST VIRGINIA
  		55-6000305 12681XAD0 07-30-2010 79,737,500 ACQUISITION OF FACILITIES   X   X   X
CABELL COUNTY WEST VIRGINIA
  		55-6000305   07-30-2010 9,353,000 ACQUISITION OF FACILITIES   X   X   X
NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY
  		22-2045817   06-11-2010 23,600,000 NEW INFRASTRUCTURE AND FACILITIES   X   X   X
NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY
  		22-2045817 645918YV9 06-11-2010 210,763,676 NEW INFRASTRUCTURE AND FACILITIES   X   X   X
PUBLIC FINANCE AUTHORITY
  		27-3866124 74439YAA9 08-11-2011 88,345,000 NEW INFRASTRUCTURE AND FACILITIES   X   X   X
Part II
Proceeds
A B C D
1 Amount of bonds retired . . . . . . . . . . . . . . 745,000 1,266,630 735,000 480,000
2 Amount of bonds legally defeased . . . . . . . . . . . 0 0 0 0
3 Total proceeds of issue . . . . . . . . . . . . . . 15,207,701 3,587,089 18,068,393 9,803,810
4 Gross proceeds in reserve funds . . . . . . . . . . . . 904,109 0 1,515,452 0
5 Capitalized interest from proceeds . . . . . . . . . . . 778,433 146,486 1,319,733 0
6 Proceeds in refunding escrows . . . . . . . . . . . . 0 0 0 0
7 Issuance costs from proceeds . . . . . . . . . . . . 255,385 70,000 207,326 196,000
8 Credit enhancement from proceeds . . . . . . . . . . . 159,156 0 134,697 0
9 Working capital expenditures from proceeds . . . . . . . . . 0 0 0 0
10 Capital expenditures from proceeds . . . . . . . . . . . 13,110,618 3,370,603 13,813,495 9,607,810
11 Other spent proceeds . . . . . . . . . . . . . . 0 0 58,342 0
12 Other unspent proceeds . . . . . . . . . . . . . . 0 0 1,019,348 0
13 Year of substantial completion . . . . . . . . . . . . 2005 2008 2008 2009
Yes No Yes No Yes No Yes No
14 Were the bonds issued as part of a current refunding issue? . . . . .   X   X   X   X
15 Were the bonds issued as part of an advance refunding issue? . . . . .   X   X   X   X
16 Has the final allocation of proceeds been made? . . . . . . . . X   X   X   X  
17 Does the organization maintain adequate books and records to support the final allocation of proceeds? . . . . . . . . . . . . . . X   X   X   X  
Part III
Private Business Use
A B C D
Yes No Yes No Yes No Yes No
1 Was the organization a partner in a partnership, or a member of an LLC, which owned property financed by tax-exempt bonds? . . . . . . .   X   X   X   X
2 Are there any lease arrangements that may result in private business use of bond-financed property? . . . . . . . . .   X   X   X   X
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50193E
Schedule K (Form 990) 2012
Schedule K (Form 990) 2012
Page 2
Part III
Private Business Use (Continued)
A B C D
Yes No Yes No Yes No Yes No
3a Are there any management or service contracts that may result in private business use of bond-financed property? . . . . . . . . . . . . X     X X   X  
b If "Yes" to line 3a, does the organization routinely engage bond counsel or other outside counsel to review any management or service contracts relating to the financed property? . . . . . . . . . . . . . . . . X     X X   X  
c Are there any research agreements that may result in private business use of bond-financed property? . . . . . . . . . . . . . . .   X   X   X   X
d If "Yes" to line 3c, does the organization routinely engage bond counsel or other outside counsel to review any research agreements relating to the financed property? .   X   X   X   X
4 Enter the percentage of financed property used in a private business use by entities other than a section 501(c)(3) organization or a state or local government . . SchKMediumBullet 0.0000% 0.0000% 0.0000% 0.0000%
5 Enter the percentage of financed property used in a private business use as a result of unrelated trade or business activity carried on by your organization, another section 501(c)(3) organization, or a state or local government . . . . . . . SchKMediumBullet 0.0000% 0.0000% 0.0000% 0.0000%
6 Total of lines 4 and 5 . . . . . . . . . . . . . . . 0.0000% 0.0000% 0.0000% 0.0000%
7 Does the bond issue meet the private security or payment test? . . . . .   X   X   X   X
8a Has there been a sale or disposition of any of the bond financed property to a nongovernmental person other than a 501(c)(3) organization since the bonds were issued?. . . . . . . . . . . . . . . . .   X   X   X   X
b If “Yes” to line 8a, enter the percentage of bond-financed property sold or disposed of. 0.000000% 0.000000% 0.000000% 0.000000%
c If “Yes” to line 8a, was any remedial action taken pursuant to Regulations sections 1.141-12 and 1.145-2? . . . . . . . . . . . . .   X   X   X   X
9 Has the organization established written procedures to ensure that all nonqualified bonds of the issue are remediated in accordance with the requirements under
Regulations sections 1.141-12 and 1.145-2?
X   X   X   X  
Part IV
Arbitrage
A B C D
Yes No Yes No Yes No Yes No
1 Has the issuer filed Form 8038-T? . . . . .   X   X   X   X
2 If "No" to line 1, did the following apply? . . . .
a Rebate not due yet? . . . . . . . .   X   X   X X  
b Exception to rebate? . . . . . . . .   X   X   X   X
c No rebate due? . . . . . . . . . .
X   X   X     X
If you checked "No rebate due" in line 2c, provide in Part VI the date the rebate computation was performed
3 Is the bond issue a variable rate issue? . . . . X   X   X   X  
4a Has the organization or the governmental issuer entered into a qualified hedge with respect to the bond issue? X   X   X     X
b Name of provider . . . . . . . . . REGIONS FINANCIAL CORP
  		CAPITAL ONE
  		REGIONS FINANCIAL CORP
  		 
 
c Term of hedge . . . . . . . . . . 6.5 4.3 6.5 0.0
d Was the hedge superintegrated? . . . . . .   X   X   X   X
e Was a hedge terminated? . . . . . . .   X   X   X   X
Schedule K (Form 990) 2012
Schedule K (Form 990) 2012
Page 3
Part IV
Arbitrage (Continued)
A B C D
Yes No Yes No Yes No Yes No
5a Were gross proceeds invested in a guaranteed investment contract (GIC)? . . . . . . . . . X     X X     X
b Name of provider . . . . . . . . . MORGAN STANLEY FLEXIBLE AGREEMENTS INC
  		 
  		MBIA INC
  		 
 
c Term of GIC . . . . . . . . . . 4.0 0.0 1.0 0.0
d Was the regulatory safe harbor for establishing the fair market value of the GIC satisfied? . . . . . X     X X     X
6 Were any gross proceeds invested beyond an available temporary period? . . . . . . . .   X   X   X   X
7 Has the organization established written procedures to monitor the requirements of section 148? . . . X   X   X   X  
Part V
Procedures To Undertake Corrective Action
A B C D
Yes No Yes No Yes No Yes No
1 Has the organization established written procedures to ensure that violations of federal tax requirements are timely identified and corrected through the voluntary closing agreement program if self-remediation is not available under applicable regulations? X   X   X   X  
Part VI
Supplemental Information. Complete this part to provide additional information for responses to questions on Schedule K (see instructions).
Identifier Return Reference Explanation
TERM OF GIC WITH REGIONS SCHEDULE K, PART IV, LINE 5C FOR LA LOCAL GOVERNMENT ENVIRONMENTAL FACILITIES AND COMMUNITY DEVELOPMENT AUTHORITY (12/15/04): GIC RELATED TO NSU 2004 REGIONS FOR A TERM OF 1 YEAR
VARIABLE RATE ISSUE VERSUS FIXED RATE ISSUE SCHEDULE K, PART IV, LINE 3 FOR LA LOCAL GOVERNMENT ENVIRONMENTAL FACILITIES AND COMMUNITY DEVELOPMENT AUTHORITY (JANUARY 2007) SCHEDULE K - BOND ISSUANCE FOR LA FACILITIES FOR BUILDING OFFICE BUILDING - THIS ISSUANCE HAD 3 SERIES 2007A 2,635,000 VARIABLE RATE 2007B 465,000 FIXED RATE 2007C 400,000 FIXED RATE
TERM OF HEDGE SCHEDULE K, PART IV, LINE 4C FOR ALL BONDS REPORTED ON SCHEDULE K, THE TERM OF THE HEDGE REPORTED IS COMPUTED FROM DECEMBER 31, 2012.
EXCEPTION TO REBATE SCHEDULE K, PART IV, LINE 2B FOR ALL BONDS REPORTED ON SCHEDULE K, THE PROJECT AND COST OF ISSUANCE FUNDS WERE SPENT WITHIN THE TEMPORARY PERIODS; HOWEVER, AN ARBITRAGE REBATE LIABILITY CALCULATION IS STILL REQUIRED AND PERFORMED AS REQUIRED. THEREFORE, THE BONDS DO NOT QUALIFY FOR AN EXCEPTION TO REBATE.
MANAGEMENT CONTRACTS SCHEDULE K, PART III, LINE 3A THE TAXPAYER HAS ENTERED INTO MANAGEMENT AGREEMENTS WITH RESPECT TO CERTAIN OF THE PROJECTS DESCRIBED IN SCHEDULE K. THESE CONTRACTS HAVE BEEN REVIEWED BY BOND COUNSEL AND TAXPAYER'S COUNSEL TO ENSURE COMPLIANCE WITH REVENUE PROCEDURE 97-13.
TERM OF GIC SCHEDULE K, PART IV, LINE 5C FOR ALL BONDS REPORTED ON SCHEDULE K, THE TERM OF THE GIC REPORTED IS COMPUTED FROM THE DATE OF ISSUE OF THE BONDS TO THE DATE OF TERMINATION OF THE GIC.
PRIVATE BUSINESS USE SCHEDULE K, PART III, LINE 5 FOR CABELL COUNTY, WEST VIRGINIA $79,737,500 ISSUE: FOR BONDS ISSUED BY CABELL COUNTY, WEST VIRGINIA, APPROXIMATELY $106,527 OF TAXABLE UNRELATED BUSINESS INCOME WAS IDENTIFIED FOR THE FISCAL YEAR ENDING 12.31.20112 TOTAL REVENUES FOR THIS PROJECT WERE $8,947,097 FOR THE FISCAL YEAR ENDING 12.31.12 RESULTING IN PRIVATE BUSINESS USE AS A RESULT OF UNRELATED BUSINESS ACTIVITY CARRIED OF LESS THAN 1%.
NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY SCHEDULE K, PART II, LINE 11 OTHER SPENT FUNDS OF $3,851,923 ON THE NEW JERSEY ECONOMIC DEVELOPMENT FUNDS: IN 2011, $3,851,923 OF PROCEEDS FROM THIS 2010A SERIES BOND WERE ISSUED. THIS AMOUNT WAS ISSUED TO REDEEM SERIES 2010B BONDS IN ACCORDANCE WITH SECTION 3.4(B) OF THE TRUST INDENTURE. AN OPINION WAS RECEIVED FROM TAX COUNSEL THAT STATED THAT USING THE PROCEEDS TO REDEEM THE SERIES B BONDS WOULD NOT ADVERSELY AFFECT THE EXCLUSION FROM GROSS INCOME OF THE INTEREST ON THE BONDS FOR FEDERAL INCOME TAX PURPOSES.
NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY SCHEDULE K, PART II, LINE 1 AMOUNT OF BONDS RETIRED OF $3,851,923 ON THE NEW JERSEY ECONOMIC DEVELOPMENT FUNDS: IN 2011, $3,851,923 OF PROCEEDS FROM THIS 2010A SERIES BOND WERE ISSUED. THIS AMOUNT WAS ISSUED TO REDEEM SERIES 2010B BONDS IN ACCORDANCE WITH SECTION 3.4(B) OF THE TRUST INDENTURE. AN OPINION WAS RECEIVED FROM TAX COUNSEL THAT STATED THAT USING THE PROCEEDS TO REDEEM THE SERIES B BONDS WOULD NOT ADVERSELY AFFECT THE EXCLUSION FROM GROSS INCOME OF THE INTEREST ON THE BONDS FOR FEDERAL INCOME TAX PURPOSES.
ALL LISTED BONDS ON SCHEDULE K SCHEDULE K, PART II, LINE 3 IF THE TOTAL PROCEEDS OF THE ISSUE EXCEEDS THE ISSUE PRICE OF EACH RESPECTIVE BOND, THE DIFFERENCE IS DUE TO INVESTMENT EARNINGS. INVESTMENT EARNINGS ARE INCLUDED IN THE TOTAL PROCEEDS OF EACH ISSUE.
LA LOCAL GOVT ENVIR FACILITIES FOR 17,570,000 SCHEDULE K, PART II, LINE 12 OTHER UNSPENT PROCEEDS ARE CURRENTLY ON HAND WITH THE TRUSTEE IN AN ACCOUNT DESIGNATED FOR THE UNSPENT PROCEEDS.
PUBLIC FINANCE AUTHORITY SCHEDULE K, PART II, LINE 3 TOTAL PROCEEDS ISSUED ON THE PUBLIC FINANCE AUTHORITY BONDS AS OF DECEMBER 31, 2012, WAS $84,297,246. THE TOTAL BOND ISSUE PRICE FOR THIS BOND, AS REPORTED IN THE 8038, IS $88,345,000. AS OF DECEMBER 31, 2012, THE NEW INFRASTRUCTURE AND FACILITIES WERE SUBSTANTIALLY COMPLETE, HOWEVER THE FINAL REQUISITION FOR BOND FUNDS WAS STILL OUTSTANDING. THEREFORE, THERE IS A DIFFERENCE BETWEEN THE ISSUE PRICE, AS LISTED ON THE 8038, AND THE TOTAL PROCEEDS ISSUED AS OF DECEMBER 31, 2012.
PROCEDURES TO UNDERTAKE CORRECTIVE ACTION SCHEDULE K, PART V THE ORGANIZATION HAS ESTABLISHED A WRITTEN TAX-EXEMPT BOND COMPLIANCE POLICY WHOSE PURPOSE IS TO HELP FOSTER COMPLIANCE WITH RULES REGARDING RECORDKEEPING, INVESTMENTS AND ARBITRAGE OF BOND PROCEEDS, EXPENDITURE OF BOND PROCEEDS AND PRIVATE BUSINESS USE RELATED TO TAX-EXEMPT BONDS. THE ORGANIZATION REVIEWS THE USE OF THOSE PROCEEDS ON AN ON-GOING BASIS. THE ORGANIZATION WOULD ALERT THE ISSUER TO ANY IDENTIFIED VIOLATIONS OF FEDERAL TAX REQUIREMENTS RELATED TO THESE BONDS IN A TIMELY MANNER. THE ORGANIZATION WOULD COOPERATE WITH THE ISSUER AS NECESSARY TO COMPLY WITH THE VOLUNTARY CLOSING AGREEMENT PROGRAM IF SELF-REMEDIATION IS NOT AVAILABLE. AS OF DECEMBER 31, 2012, THE ORGANIZATION IS NOT AWARE OF ANY VIOLATIONS OF FEDERAL TAX REQUIREMENTS RELATED TO ANY OUTSTANDING TAX-EXEMPT BONDS.
ISSUER NAME: LA Local Gov environ facilities & community development authority: Rebate Not Due Yet. Schedule K, Part IV, Line 2a THE CALCULATION FOR COMPUTING REBATE NOT DUE YET WAS PERFORMED ON 6/15/2012.
ISSUER NAME: LA Local Gov environ facilities & community development authority: Rebate Not Due Yet. Schedule K, Part IV, Line 2a THE CALCULATION FOR COMPUTING REBATE NOT DUE YET WAS PERFORMED ON 1/1/2012.
ISSUER NAME: LA Local Gov environ facilities & community development authority: Rebate Not Due Yet. Schedule K, Part IV, Line 2a THE CALCULATION FOR COMPUTING REBATE NOT DUE YET WAS PERFORMED ON 6/15/2012.
ISSUER NAME: CABELL COUNTY, WEST VIRGINIA: Rebate Not Due Yet. Schedule K, Part IV, Line 2a THE CALCULATION FOR COMPUTING REBATE NOT DUE YET WAS PERFORMED ON 7/1/2013.
ISSUER NAME: CABELL COUNTY, WEST VIRGINIA: Rebate Not Due Yet. Schedule K, Part IV, Line 2a THE CALCULATION FOR COMPUTING REBATE NOT DUE YET WAS PERFORMED ON 7/1/2013.
ISSUER NAME: NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY: Rebate Not Due Yet. Schedule K, Part IV, Line 2a THE CALCULATION FOR COMPUTING REBATE NOT DUE YET WAS PERFORMED ON 6/1/2013.
ISSUER NAME: NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY: Rebate Not Due Yet. Schedule K, Part IV, Line 2a THE CALCULATION FOR COMPUTING REBATE NOT DUE YET WAS PERFORMED ON 6/1/2013.
ISSUER NAME: LA Local Gov environ facilities & community development authority: Exception to Rebate. Schedule K, Part IV, Line 2b THE CALCULATION FOR COMPUTING EXCEPTION TO REBATE WAS PERFORMED ON 6/15/2012.
ISSUER NAME: LA Local Gov environ facilities & community development authority: Exception to Rebate. Schedule K, Part IV, Line 2b THE CALCULATION FOR COMPUTING EXCEPTION TO REBATE WAS PERFORMED ON 1/1/2012.
ISSUER NAME: LA Local Gov environ facilities & community development authority: Exception to Rebate. Schedule K, Part IV, Line 2b THE CALCULATION FOR COMPUTING EXCEPTION TO REBATE WAS PERFORMED ON 6/15/2012.
ISSUER NAME: CABELL COUNTY, WEST VIRGINIA: Exception to Rebate. Schedule K, Part IV, Line 2b THE CALCULATION FOR COMPUTING EXCEPTION TO REBATE WAS PERFORMED ON 7/1/2013.
ISSUER NAME: CABELL COUNTY, WEST VIRGINIA: Exception to Rebate. Schedule K, Part IV, Line 2b THE CALCULATION FOR COMPUTING EXCEPTION TO REBATE WAS PERFORMED ON 7/1/2013.
ISSUER NAME: NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY: Exception to Rebate. Schedule K, Part IV, Line 2b THE CALCULATION FOR COMPUTING EXCEPTION TO REBATE WAS PERFORMED ON 6/1/2013.
ISSUER NAME: NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY: Exception to Rebate. Schedule K, Part IV, Line 2b THE CALCULATION FOR COMPUTING EXCEPTION TO REBATE WAS PERFORMED ON 6/1/2013.
ISSUER NAME: LA Local Gov environ facilities & community development authority: No Rebate Due. Schedule K, Part IV, Line 2c THE CALCULATION FOR COMPUTING NO REBATE DUE WAS PERFORMED ON 6/15/2012.
ISSUER NAME: LA Local Gov environ facilities & community development authority: No Rebate Due. Schedule K, Part IV, Line 2c THE CALCULATION FOR COMPUTING NO REBATE DUE WAS PERFORMED ON 1/1/2012.
ISSUER NAME: LA Local Gov environ facilities & community development authority: No Rebate Due. Schedule K, Part IV, Line 2c THE CALCULATION FOR COMPUTING NO REBATE DUE WAS PERFORMED ON 6/15/2012.
ISSUER NAME: CABELL COUNTY, WEST VIRGINIA: No Rebate Due. Schedule K, Part IV, Line 2c THE CALCULATION FOR COMPUTING NO REBATE DUE WAS PERFORMED ON 7/1/2013.
ISSUER NAME: CABELL COUNTY, WEST VIRGINIA: No Rebate Due. Schedule K, Part IV, Line 2c THE CALCULATION FOR COMPUTING NO REBATE DUE WAS PERFORMED ON 7/1/2013.
ISSUER NAME: NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY: No Rebate Due. Schedule K, Part IV, Line 2c THE CALCULATION FOR COMPUTING NO REBATE DUE WAS PERFORMED ON 6/1/2013.
ISSUER NAME: NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY: No Rebate Due. Schedule K, Part IV, Line 2c THE CALCULATION FOR COMPUTING NO REBATE DUE WAS PERFORMED ON 6/1/2013.
ISSUER NAME: Baltimore County, Maryland Schedule K, Part V THE REBATE AMOUNT IS TO BE REMITTED AS OF THE END OF THE FIFTH BOND YEAR. THAT WOULD BE IN 2014. WE HAVE MANUALLY REVIEWED AND AS OF 12.31.2012, NO REBATE IS DUE.
Schedule K (Form 990) 2012

Additional Data


Software ID: 12000266
Software Version: v2012.1.0

SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service
Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or to provide any additional information.
MediumBullet Attach to Form 990 or 990-EZ.
OMB No. 1545-0047
2012
Open to Public
Inspection
Name of the organization
PROVIDENT RESOURCES GROUP INC
 
Employer identification number

58-2492101
Identifier Return Reference Explanation
MISSION STATEMENT FORM 990, PART III, LINE 1 OPERATION, MANAGEMENT, AND DISPOSITION OF SKILLED NURSING FACILITIES, ASSISTED LIVING FACILITIES, INDEPENDENT LIVING FACILITIES, REHABILITATIVE CARE FACILITIES, AND OTHER TYPES OF SENIOR LIVING FACILITIES. -SERVE TO PROMOTE AND ADVANCE THE PHYSICAL HEALTH, EMOTIONAL HEALTH, MENTAL HEALTH AND SOCIAL WELL-BEING OF THE INDIVIDUALS, FAMILIES, AND COMMUNITIES SERVED BY THE ORGANIZATION, WHICH MAY BE ACCOMPLISHED BY THE DEVELOPMENT, CONSTRUCTION, ACQUISITION, OWNERSHIP, MANAGEMENT, MAINTENANCE, OPERATION, AND DISPOSITION OF GENERAL AND ACUTE CARE, HOSPITAL FACILITIES, MEDICAL CLINICS, MENTAL HEALTH FACILITIES, REHABILITATIVE CARE FACILITIES, PEDIATRIC FACILITIES, MEDICAL RESEARCH AND DIAGNOSTIC FACILITIES, MEDICAL TRAINING AND EDUCATIONAL FACILITIES, AND OTHER TYPES OF INPATIENT RELATED SERVICES, PROGRAMS, AND ACTIVITIES THAT MAY BE PURSUED. -SERVE TO RELIEVE THE POOR AND DISTRESSED, COMBAT COMMUNITY DETERIORATION, ELIMINATE DISCRIMINATION AND PREJUDICE, AND LESSEN NEIGHBORHOOD TENSIONS BY PROVIDING SAFE, DECENT, AND SANITARY HOUSING TO PERSONS OF LOW AND VERY LOW INCOME. (CONTINUED FROM PART III) -SERVE TO LESSEN THE BURDEN OF GOVERNMENT, WHICH CHARITABLE PURPOSE MAY BE ACCOMPLISHED THROUGH VARIOUS MEANS, INCLUDING, WITHOUT LIMITATION, THE DEVELOPMENT, CONSTRUCTION, ACQUISITION, OWNERSHIP, MANAGEMENT, MAINTENANCE, OPERATION AND DISPOSITION OF PUBLIC FACILITIES, PUBLIC BUILDINGS, PUBLIC WORKS, AND INFRASTRUCTURE OF VARIOUS TYPES. -SERVE TO PROMOTE AND ADVANCE EDUCATION THROUGH VARIOUS MEANS INCLUDING THE DEVELOPMENT, CONSTRUCTION, ACQUISITION, OWNERSHIP, MANAGEMENT, MAINTENANCE, OPERATION, AND DISPOSITION OF FACILITIES OF VARIOUS TYPES INCLUDING EDUCATIONAL, RESEARCH, AND STUDENT-HOUSING FACILITIES AND THROUGH THE PROVISION OF DEVELOPMENT, ENRICHMENT, COUNSELING, TUTORING, AND OTHER ACTIVITIES, SERVICES, AND PROGRAMS.
Delegate broad authority to a committee Form 990, Part VI, Section A, Line 1a BOARD-DELEGATED POWER COMMITTEES OF DIRECTORS; EXECUTIVE COMMITTEE: PURSUANT TO SECTION 14-3-825 OF THE ACT, THE BOARD OF DIRECTORS, BY RESOLUTION PASSED BY A MAJORITY OF THE DIRECTORS THEN IN OFFICE, MAY DESIGNATE ONE OR MORE OTHER COMMITTEES TO HAVE TO THE EXTENT PROVIDED IN SUCH RESOLUTION. THE BOARD OF DIRECTORS MAY DESIGNATE AND EXERCISE THE BOARD OF DIRECTOR'S AUTHORITY UNDER SECTION 14-3-801 OF THE ACT ("BOARD-DELEGATED POWERS") SUCH COMMITTEES AS IT DETERMINES NECESSARY OR APPROPRIATE FOR THE CONDUCT OF THE CORPORATION'S AFFAIRS, EACH SUCH COMMITTEE TO CONSIST OF SUCH DIRECTORS OF THE CORPORATION AND SUCH OTHER PERSONS (WHO FORMERLY WERE MEMBERS OF THE BOARD OF DIRECTORS) AS ARE APPOINTED BY THE BOARD WHO SHALL SERVE AT THE PLEASURE OF THE BOARD OF DIRECTORS. EXCEPT TO THE EXTENT THAT SUCH GRANT OF POWERS IS LIMITED BY SECTION 14-3-825 OF THE ACT, TO THE EXTENT PROVIDED IN THE RESOLUTION, ANY SUCH COMMITTEE WITH BOARD-DELEGATED POWERS WILL HAVE AND MAY EXERCISE ALL THE AUTHORITY OF THE BOARD OF DIRECTORS GRANTED TO IT BY RESOLUTION OF THE BOARD OF DIRECTORS. SUCH COMMITTEE OR COMMITTEES WILL HAVE SUCH NAME OR NAMES AS MAY BE DETERMINED FROM TIME TO TIME BY RESOLUTION ADOPTED BY THE BOARD OF DIRECTORS. EACH COMMITTEE SHALL ELECT A CHAIRMAN FROM AMONG THE MEMBERS OF SUCH COMMITTEE. EACH COMMITTEE SHALL ALSO KEEP REGULAR MINUTES OF ITS PROCEEDINGS AND REPORT THE SAME TO THE BOARD OF DIRECTORS WHEN REQUIRED. THE BOARD OF DIRECTORS MAY, BY RESOLUTION PASSED BY A MAJORITY OF THE DIRECTORS THEN IN OFFICE, AT ANY TIME CHANGE THE MEMBERS OF; FILL VACANCIES IN; LIMIT, EXPAND OR ALTER THE AUTHORITY OF; AND DISCHARGE ANY COMMITTEE OF SAID BOARD OF DIRECTORS. THE BOARD OF DIRECTORS MAY, BUT SHALL NOT BE REQUIRED TO, CREATE AN EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS. IF CREATED, THE EXECUTIVE COMMITTEE SHALL BE CREATED PURSUANT TO THIS SECTION 7.1 AND SHALL, IN THE INTERIM BETWEEN MEETINGS OF THE BOARD OF DIRECTORS, HAVE AND EXERCISE SUCH POWER AND AUTHORITY OF THE BOARD OF DIRECTORS UNDER SECTION 14-3-801 IN THE MANAGEMENT OF THE AFFAIRS OF THE CORPORATION AS ARE DELEGATED BY THE BOARD OF DIRECTORS AS LIMITED BY THE ACT.
Family/business relationships amongst interested persons Form 990, Part VI, Section A, Line 2 STEVE E HICKS AND DONOVAN HICKS - FAMILY RELATIONSHIP
Delegation of management duties Form 990, Part VI, Section A, Line 3 PROVIDENT RESOURCES GROUP, INC.'S AFFORDABLE HOUSING PROPERTIES ARE MANAGED BY A RELATED COMPANY, PROVIDENT RESOURCES MANAGEMENT, LLC (PRM). PRM CONTRACTS WITH AN UNAFFILIATED MANAGEMENT AGENT TO OVERSEE THE ON-SITE STAFF AND MANAGE THE OPERATIONS OF THE PROPERTIES. THE MANAGEMENT FEES ARE 4 - 5% OF THE GROSS RECEIPTS OF THE PROPERTIES. THE MANAGEMENT AGREEMENTS ARE ON A MONTH TO MONTH BASIS UNTIL TERMINATED BY EITHER PARTY WITH 30 DAYS' WRITTEN NOTICE. PROVIDENT RESOURCES GROUP, INC.'S EDUCATION PROPERTIES ARE MANAGED BY UNAFFILIATED MANAGEMENT COMPANIES. MANAGEMENT COMPANIES ARE RESPONSIBLE FOR PLANNING AND EXECUTING BUDGETS OR FINANCIAL OPERATIONS.
Review of form 990 by governing body Form 990, Part VI, Section B, Line 11b THE FINAL DRAFT OF THE FORM 990 WAS REVIEWED IN DETAIL BY MANAGEMENT. THE FINAL DRAFT WAS THEN PRESENTED TO AUDIT COMMITTEE (COMPRISED OF NON MANAGEMENT BOARD MEMBERS) FOR REVIEW, DISCUSSION AND APPROVAL. FOLLOWING THE APPROVAL BY THE COMMITTEE, EACH VOTING MEMBER OF THE GOVERNING BODY RECEIVED A COPY OF THE FORM 990 BEFORE IT WAS FILED WITH THE IRS.
Conflict of interest policy Form 990, Part VI, Section B, Line 12c ALL MEMBERS OF SENIOR MANAGEMENT, BOARD OF DIRECTORS, AND BOARD COMMITTEES SIGN ANNUALLY CONFLICT OF INTEREST STATEMENTS. ALL STATEMENTS ARE COLLECTED AND REVIEWED BY DONOVAN HICKS, GENERAL COUNSEL. UNDER HIS DIRECTION, 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.
Process used to establish compensation of top management official Form 990, Part VI, Section B, Line 15a THE HUMAN RESOURCES DEPARTMENT DOES 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. COMBINED WITH PERFORMANCE EVALUATIONS, THE ANALYSIS IS PRESENTED TO THE COMPENSATION COMMITTEE COMPRISED OF MEMBERS OF THE GOVERNING BOARD FOR THEIR REVIEW, DELIBERATION, AND DECISION ABOUT WHERE TO SET COMPENSATION FOR THE OFFICERS. THIS PROCESS WAS USED FOR THE COMPENSATION OF THE PRESIDENT, CHAIRMAN & CEO, THE EXECUTIVE VP & CFO, AND THE GENERAL COUNSEL. MINUTES ARE MAINTAINED TO DOCUMENT THE DELIBERATIONS AND ACTIONS OF THE COMMITTEE. IN 2012, THE COMPENSATION COMMITTEE MET, AND APPROVED A SALARY INCREASE FOR THE CEO, EFFECTIVE JULY 1, 2012. ALSO, BONUSES WERE APPROVED FOR THE CEO, CFO AND GENERAL COUNSEL. THE COMMITTEE REVIEWED A 2010 MARKET BASED COMPENSATION STUDY PREPARED BY REZNICK STUDY TO ENSURE THAT SALARIES WERE STILL IN LINE WITH MARKET COMPENSATION.
Process used to establish compensation of other officers/key employees Form 990, Part VI, Section B, Line 15b SEE NARRATIVE ABOVE FOR PART VI, LINE 15A
PARTICIPATION IN A JOINT VENTURE FORM 990, PART VI, LINE 16A PROVIDENT RESOURCES GROUP OWNS 100% OF MUNICIPAL CORRECTIONS FINANCE HOLDING, LLC, WHICH OWNED 1% AND WAS THE GENERAL PARTNER OF MUNICIPAL CORRECTIONS FINANCE, LP. THE OTHER PARTNER WAS A FOR-PROFIT CORPORATION THAT OWNED GREATER THAN 50% OF MUNICIPAL CORRECTIONS FINANCE, LP. THE INTEREST IN MUNICIPAL CORRECTIONS FINANCE, LP WAS SOLD ON AUGUST 31, 2012.
Governing documents, conflict of interest policy and financial statements available to the public Form 990, Part VI, Section C, Line 19 THE ORGANIZATION'S FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, AND GOVERNING DOCUMENTS ARE AVAILABLE UPON WRITTEN REQUEST.
Other changes in net assets or fund balances Form 990 , Part XI, Line 9 UNREALIZED LOSS ON SWAP AGREEMENT - -940169;
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990 or 990-EZ) 2012

Additional Data


Software ID: 12000266
Software Version: v2012.1.0
SCHEDULE R
(Form 990)
Department of the Treasury
Internal Revenue Service
Related Organizations and Unrelated Partnerships
MediumBulletComplete if the organization answered "Yes" to Form 990, Part IV, line 33, 34, 35, 36, or 37.
MediumBulletAttach to Form 990. MediumBullet See separate instructions.

OMB No. 1545-0047
2012
Open to Public Inspection
Name of the organization
PROVIDENT RESOURCES GROUP INC
 
Employer identification number

58-2492101
Part I
Identification of Disregarded Entities (Complete if the organization answered "Yes" to Form 990, Part IV, line 33.)
(a)
Name, address, and EIN (if applicable) of disregarded entity


(b)
Primary activity


 		(c)
Legal domicile (state
or foreign country)

 		(d)
Total income


 		(e)
End-of-year assets


 		(f)
Direct controlling
entity
(1) GRACELAND NURSING CENTER LLC
5565 BANKERS AVENUE
BATON ROUGE,LA70808
62-1826172 		NURSING TN 14,584,785 8,757,376 PROVIDENT RESOURCES GROUP INC
 
(2) PROVIDENT FOUNDATION-BK TEXAS LLC
5565 BANKERS AVENUE
BATON ROUGE,LA70808
72-1499383 		HOUSING DE 51,030 1,682,253 PROVIDENT RESOURCES GROUP INC
 
(3) PROVIDENT FOUNDATION-WEDGEWOOD TERRACE LLC
5565 BANKERS AVENUE
BATON ROUGE,LA70808
72-1502336 		ASSISTED LIVING ID 1,302,642 3,109,412 PROVIDENT RESOURCES GROUP INC
 
(4) PROVIDENT GROUP-CROWN POINTE LLC
5565 BANKERS AVENUE
BATON ROUGE,LA70808
72-1500086 		ASSISTED LIVING CA 0 0 PROVIDENT RESOURCES GROUP INC
 
(5) PROVIDENT GROUP-CITRUS HEALTH AND REHABILITATION CENTER LLC
5565 BANKERS AVENUE
BATON ROUGE,LA70808
75-3006601 		NURSING DE 10,013,857 7,637,555 PROVIDENT RESOURCES GROUP INC
 
(6) EMMAUS SENIOR LIVING HOLDINGS LLC
5565 BANKERS AVENUE
BATON ROUGE,LA70808
48-1286475 		ASSISTED LIVING GA 0 0 PROVIDENT RESOURCES GROUP INC
 
(7) PROVIDENT GROUP-NSU PROPERTIES LLC
5565 BANKERS AVENUE
BATON ROUGE,LA70808
77-0650670 		EDUCATION LA 4,468,660 28,253,933 PROVIDENT RESOURCES GROUP INC
 
(8) PROVIDENT GROUP-UMKC PROPERTIES LLC
5565 BANKERS AVENUE
BATON ROUGE,LA70808
20-5087918 		EDUCATION MO 0 0 PROVIDENT RESOURCES GROUP INC
 
(9) PROVIDENT CORPORATE PROPERTIES LLC
5565 BANKERS AVENUE
BATON ROUGE,LA70808
87-0748791 		CORPORATE GA 311,634 4,281,906 PROVIDENT RESOURCES GROUP INC
 
(10) PROVIDENT RESOURCES GROUP - TRINITY PROPERTIES LLC
5565 BANKERS AVENUE
BATON ROUGE,LA70808
26-3491203 		HOUSING LA 2,144,091 12,502,068 PROVIDENT RESOURCES GROUP INC
 
(11) PROVIDENT RESOURCES GROUP - TOWSON PLACE PROPERTIES LLC
5565 BANKERS AVENUE
BATON ROUGE,LA70808
26-4740719 		EDUCATION MD 4,982,676 39,074,191 PROVIDENT RESOURCES GROUP INC
 
(12) PROVIDENT RESOURCES MANAGEMENT LLC
5565 BANKERS AVENUE
BATON ROUGE,LA70808
26-4155963 		CORPORATE LA 554,310 646,875 PROVIDENT RESOURCES GROUP INC
 
(13) PROVIDENT GROUP - CITRUS PROPERTIES LLC
5565 BANKERS AVENUE
BATON ROUGE,LA70808
26-2644363 		SENIOR LIVING FL 609,511 4,191,679 PROVIDENT RESOURCES GROUP INC
 
(14) PROVIDENT GROUP - MARSHALL PROPERTIES LLC
5565 BANKERS AVENUE
BATON ROUGE,LA70808
27-2783366 		EDUCATION WV 8,947,097 82,692,420 PROVIDENT RESOURCES GROUP INC
 
(15) PROVIDENT GROUP - CONTINUUM PROPERTIES LLC
5565 BANKERS AVENUE
BATON ROUGE,LA70808
27-3060687 		EDUCATION FL 3,043,409 74,914,215 PROVIDENT RESOURCES GROUP INC
 
(16) PROVIDENT GROUP - MONTCLAIR PROPERTIES LLC
5565 BANKERS AVENUE
BATON ROUGE,LA70808
27-1739925 		EDUCATION NJ 19,978,160 221,649,607 PROVIDENT RESOURCES GROUP INC
 
(17) PROVIDENT GROUP - STANHOPE PROPERTIES LLC
5565 BANKERS AVENUE
BATON ROUGE,LA70808
45-1607588 		EDUCATION NC 2,836,696 93,636,447 PROVIDENT RESOURCES GROUP INC
 
Part II
Identification of Related Tax-Exempt Organizations (Complete if the organization answered "Yes" to Form 990, Part IV, line 34 because it had one or more related tax-exempt organizations during the tax year.)
(a)
Name, address, and EIN of related organization


(b)
Primary activity


 		(c)
Legal domicile (state
or foreign country)

 		(d)
Exempt Code section


 		(e)
Public charity status
(if section 501(c)(3))

 		(f)
Direct controlling
entity

 		(g)
Section 512(b)(13) controlled entity?
Yes No
(1) PROVIDENT AFFORDABLE HOUSING RESOURCES INC

5565 BANKERS AVENUE

BATON ROUGE,LA70808
 AFFORDABLE HOUSING CA 501(C)(3) 9 PROVIDENT RESOURCES GROUP INC
 
Yes
 
(2) THE FOUNDATION FOR RENEWABLE ENERGY AND ENVIRONMENT

5565 BANKERS AVENUE

BATON ROUGE,LA70808
 SUPPORTING ORGANIZATION DE 501(C)(3) 11 - Type I PROVIDENT RESOURCES GROUP INC
 
Yes
 










For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50135Y
Schedule R (Form 990) 2012
Schedule R (Form 990) 2012
Page 2
Part III
Identification of Related Organizations Taxable as a Partnership (Complete if the organization answered "Yes" to Form 990, Part IV, line 34 because it had one or more related organizations treated as a partnership during the tax year.)
(a)
Name, address, and EIN of
related organization



 		(b)
Primary activity




 		(c)
Legal
domicile
(state or foreign
country)


 		(d)
Direct controlling
entity



 		(e)
Predominant income(related, unrelated, excluded from tax under sections 512-514)

(f)
Share of total income




 		(g)
Share of end-of-year
assets



 		(h)
Disproprtionate allocations?




 		(i)
Code V—UBI
amount in box 20 of
Schedule K-1
(Form 1065)
 		(j)
General or
managing
partner?



 		(k)
Percentage
ownership
Yes No Yes No
(1) MUNICIPAL CORRECTIONS FINANCE LP

5565 BANKERS AVENUE
BATON ROUGE,LA70808
72-1590951 		LEASES FACILITIES DE N/A
                  












Part IV
Identification of Related Organizations Taxable as a Corporation or Trust (Complete if the organization answered "Yes" to Form 990, Part IV, line 34 because it had one or more related organizations treated as a corporation or trust during the tax year.)
(a)
Name, address, and EIN of
related organization
 		(b)
Primary activity
 		(c)
Legal
domicile
(state or foreign
country)
 		(d)
Direct controlling
entity
 		(e)
Type of entity
(C corp, S corp,
or trust) 		(f)
Share of total income
 		(g)
Share of end-of-year
assets
 		(h)
Percentage
ownership
 		(i)
Section 512(b)(13) controlled entity?
Yes No
(1) MUNICIPAL CORRECTIONS FINANCE HOLDING LLC

5565 BANKERS AVENUE
BATON ROUGE,LA70808
72-1509520 		MANAGEMENT DE PROVIDENT RESOURCES GROUP INC
  		C CORPORATION 0 436,468 100.0 % Yes  
(2) PROVIDENT CAPITAL ADVISORS LLC

5565 BANKERS AVENUE
BATON ROUGE,LA70808
26-0615635 		HEALTHCARE GA PROVIDENT RESOURCES GROUP INC
  		C CORPORATION 0 0 100.0 % Yes  










Schedule R (Form 990) 2012
Schedule R (Form 990) 2012
Page 3
Part V
Transactions With Related Organizations (Complete if the organization answered "Yes" to Form 990, Part IV, line 34, 35b, or 36.)
Note. Complete line 1 if any entity is listed in Parts II, III, or IV of this schedule.
Yes
No
1 During the tax year, did the orgranization engage in any of the following transactions with one or more related organizations listed in Parts II-IV?
a Receipt of (i) interest (ii) annuities (iii) royalties or (iv) rent from a controlled entity . . . . . . . . . . . . . . . . . . . . . . .
1a
 
No
b Gift, grant, or capital contribution to related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1b
 
No
c Gift, grant, or capital contribution from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1c
Yes
 
d Loans or loan guarantees to or for related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1d
 
No
e Loans or loan guarantees by related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1e
 
No
f Dividends from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1f
 
No
g Sale of assets to related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1g
 
No
h Purchase of assets from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1h
 
No
i Exchange of assets with related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1i
 
No
j Lease of facilities, equipment, or other assets to related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1j
 
No
k Lease of facilities, equipment, or other assets from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . .
1k
 
No
l Performance of services or membership or fundraising solicitations for related organization(s) . . . . . . . . . . . . . . . . . . . .
1l
 
No
m Performance of services or membership or fundraising solicitations by related organization(s) . . . . . . . . . . . . . . . . . . . .
1m
 
No
n Sharing of facilities, equipment, mailing lists, or other assets with related organization(s) . . . . . . . . . . . . . . . . . . . . .
1n
Yes
 
o Sharing of paid employees with related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1o
Yes
 
p Reimbursement paid to related organization(s) for expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1p
 
No
q Reimbursement paid by related organization(s) for expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1q
Yes
 
r Other transfer of cash or property to related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1r
 
No
s Other transfer of cash or property from related organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1s
 
No
2
If the answer to any of the above is "Yes," see the instructions for information on who must complete this line, including covered relationships and transaction thresholds.
(a)
Name of other organization 		(b)
Transaction
type (a-s) 		(c)
Amount involved 		(d)
Method of determining amount involved
(1) PROVIDENT AFFORDABLE HOUSING RESOURCES INC

 C 3,983,938 FMV
(2) PROVIDENT AFFORDABLE HOUSING RESOURCES INC

 Q 186,052 FMV
(3) MUNICIPAL CORRECTIONS FINANCE HOLDINGS LLC

 C 350,000 FMV



Schedule R (Form 990) 2012
Schedule R (Form 990) 2012
Page 4
Part VI
Unrelated Organizations Taxable as a Partnership (Complete if the organization answered "Yes" to Form 990, Part IV, line 37.)
Provide the following information for each entity taxed as a partnership through which the organization conducted more than five percent of its activities (measured by total assets or gross revenue) that was not a related organization. See instructions regarding exclusion for certain investment partnerships.
(a)
Name, address, and EIN of entity 		(b)
Primary activity 		(c)
Legal domicile
(state or foreign
country) 		(d)
Predominant income (related, unrelated, excluded from tax under section 512-514)

(e)
Are all partners
section
501(c)(3)
organizations? 		(f)
Share of total income




 		(g)
Share of
end-of-year
assets 		(h)
Disproprtionate allocations? 		(i)
Code V—UBI
amount in box 20
of Schedule K-1
(Form 1065) 		(j)
General or
managing
partner? 		(k)
Percentage
ownership
Yes No Yes No Yes No






























Schedule R (Form 990) 2012
Schedule R (Form 990) 2012
Page 5
Part VII
Supplemental Information
Complete this part to provide additional information for responses to questions on Schedule R (see instructions).
Identifier Return Reference Explanation

Additional Data


Software ID: 12000266
Software Version: v2012.1.0