2024-05-14T08:57:47-05:00 2023-06-30 135565207 KPMG LLP 345 PARK AVENUE NEW YORK NY 101540102 990 2022-07-01 133263493 FIT STUDENT HOUSING CORPORATION FITS 2122173603 227 WEST 27TH STREET NEW YORK NY 10001 SHERRY BRABHAM TREASURER 2122173603 2024-05-13 1 SHERRY BRABHAM 999009999 0 EVAN W SEEKAMP P01907071 2127589700 2024-05-10 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z DR JOYCE F BROWN 227 WEST 27TH STREET NEW YORK NY 10001 74134686 0 X N/A X 1982 NY TO PROVIDE MANAGEMENT SERVICES AND OPERATION OF DORMITORY FACILITIES FOR STUDENTS OF FIT. 12 12 83 0 0 0 0 0 33070099 39854211 79956 1298269 707468 0 33857523 41152480 0 0 0 0 1706051 1653368 0 0 0 31626191 33616130 33332242 35269498 525281 5882982 172356223 171217690 143463477 136337817 28892746 34879873 TO OWN AND OPERATE DORMITORY FACILITIES FOR THE FASHION INSTITUTE OFTECHNOLOGY. 0 0 33029620 39854211 FIT STUDENT HOUSING CORPORATION OPERATES AND MANAGES THE DORMITORY FACILITIES FOR THE FASHION INSTITUTE OF TECHNOLOGY. 33029620 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 83 1 0 0 0 0 0 0 0 0 0 0 X 12 12 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 NY X SHELCI J GRAHAM 2122173617 227 WEST 27TH STREET NEW YORK NY 10001 ROBIN BURNS-MCNEILL CHAIR 1.00 3.00 X 0 0 0 JAQUI LIVIDINI VICE CHAIR 1.00 2.00 X 0 0 0 RICHARD A ANDERMAN TRUSTEE 1.00 2.00 X 0 0 0 JUDITH I BYRD TRUSTEE 1.00 2.00 X 0 0 0 YAZ HERNANDEZ TRUSTEE (ENDED 6/23) 1.00 2.00 X 0 0 0 JOAN B HORNIG TRUSTEE 1.00 2.00 X 0 0 0 BEVERLY S MACK TRUSTEE 1.00 2.00 X 0 0 0 ELIZABETH T PEEK TRUSTEE 1.00 3.00 X 0 0 0 GABRIELLE FIALKOFF TRUSTEE 1.00 2.00 X 0 0 0 MONA ABOEGLNAGA KANAAN TRUSTEE 1.00 2.00 X 0 0 0 DEIRDRE QUINN TRUSTEE 1.00 2.00 X 0 0 0 AMANDA KNIGHT STUDENT TRUSTEE 1.00 2.00 X 0 0 0 SALLY SINGER TRUSTEE 1.00 2.00 X 0 0 0 DR JOYCE F BROWN PRESIDENT 5.00 30.00 X 0 704958 176555 SHERRY BRABHAM TREASURER 5.00 30.00 X 0 414319 68644 STEPHEN TUTTLE SECRETARY 5.00 30.00 X 0 402719 79223 ANGELA BROWN DIRECTOR, RESIDENTIAL LIFE 5.00 30.00 X 146047 0 29974 CODY KIRKPATRICK INTERIM ASSOC DIRECTOR 5.00 30.00 X 106123 0 29040 252170 1521996 383436 2 0 1 0 ARAMARK CORP PO BOX 978839 DALLAS NY 753978839 FOOD SERVICE 5932916 UG2 16 HUNGTINGTON AVENUE 12TH FLOOR BOSTON MA 02116 BUILDING MAINTENANCE 3466545 ALLIED UNIVERSAL SECURITY SERVICES 161 WASHINGTON ST STE 600 CONSHOHOCKEN PA 19428 SECURITY SERVICES 1351392 JM&A CONSTRUCTION CORP 280 DOBBS FERRY ROAD SUITE 208 WHITE PLAINS NY 10607 CONSTRUCTION 911772 HOBO CONSTRUCTION COMPANY 124 JOHNSON STREET NEWARK NJ 07105 CONSTRUCTION 710057 5 STUDENT RENTALS AND FE 721000 33039629 33039629 MEAL PLAN INCOME 721000 6034995 6034995 FIT RENTALS 721000 724214 724214 OTHER PROGRAM REVENUE 721000 40708 40708 LAUNDRY INCOME 721000 14665 14665 39854211 1046356 1046356 33234119 32982206 251913 251913 251913 41152480 39854211 0 1298269 1144207 852703 291504 104708 78032 26676 312132 232612 79520 92321 68801 23520 693574 693574 41000 41000 395409 395409 150 150 244741 173240 71501 222320 222320 10868554 10868554 165926 165926 8258530 8258530 617024 617024 FOOD CONTRACT 6009410 6009410 CONTRACT LABOR 4035346 4035346 SECURITY 2064146 2064146 35269498 33029620 2239878 0 28024603 41453991 6113 60446 256917 189341 239377572 136704307 106674585 102673265 37394005 26840647 172356223 171217690 2675920 1769418 1035082 886012 127755749 122234853 11996726 11447534 143463477 136337817 X 23086376 38030605 5806370 -3150732 28892746 34879873 172356223 171217690 5882982 104145 0 X 0 0 0 X 6667181 6667181 34315128 28161241 4112179 33070099 39854211 139512858 34315128 28161241 10779360 33070099 39854211 146180039 0 0 0 146180039 558170 568409 83812 96017 1046356 2352764 558170 568409 83812 96017 1046356 2352764 34873298 28729650 10863172 33166116 40900567 148532803 0.98420 0.98730 0.01580 0.01270 X 12408700 12408700 62341610 40783392 21558218 152404873 83894650 68510223 12222389 12026265 196124 102673265 HELD BY BOND TRUSTEE (DASNY) 21275567 DEFERRED AMOUNT ON REFUNDING 4104614 PREPAID BOND INSURANCE 1233598 DEFERRED AMOUNT (OPEB) 226868 26840647 DEFERRED AMOUNT (OPEB) 1315275 BOND INTEREST PAYABLE 2658136 AFFILIATE LOAN PAYABLE (FIT) 7474123 11447534 41256625 104145 104145 41152480 0 41152480 35269498 0 35269498 0 35269498 0 1 0 0 0 0 0 0 0 DR JOYCE F BROWN PRESIDENT 0 673613 0 0 0 31345 0 58618 0 117937 0 881513 0 0 SHERRY BRABHAM TREASURER 0 414319 0 0 0 0 0 53489 0 15155 0 482963 0 0 STEPHEN TUTTLE SECRETARY 0 402719 0 0 0 0 0 41205 0 38018 0 481942 0 0 ANGELA BROWN DIRECTOR, RESIDENTIAL LIFE 146047 0 0 0 0 0 14819 0 15155 0 176021 0 0 0 SCHEDULE J, PART I, LINE 3 METHODS USED TO DETERMINE COMPENSATION THE CEO/EXECUTIVE DIRECTOR OF THE FILING ORGANIZATION IS COMPENSATED BY A RELATED ORGANIZATION TAX EXEMPT, FASHION INSTITUTE OF TECHNOLOGY (FIT). FIT UTILIZES A COMPENSATION STUDY AND BOARD APPROVAL WHEN DETERMINING COMPENSATION. SCHEDULE J, PART I, LINE 4B FIT FUNDS AN ANNUITY ON BEHALF OF THE PRESIDENT. OTHER REPORTABLE COMPENSATION IN COLUMN (B)(III) INCLUDES $25,000 FOR THE FUNDING OF THE CURRENT YEAR ANNUITY. A DORMITORY AUTHORITY OF THE STATE OF NY SERIES 2007 146000293 649903LV1 2007-05-31 125674189 REFUNDED SERIES 2004 0 0 0 A 125674189 1269892 714164 123690133 2007 0 1 1 1 A 0 0 1 1 0 0 0 0 A 0 0 0 1 0 0 0 0 0 A 0 SCHEDULE K, PART IV, LINE 2C NO REBATE DUE THE LAST 5 YEAR CALCULATION FOR THE 2007 BONDS WAS 5/31/2022 AND NO REBATE WAS DUE. SCHEDULE K, PART III, LINE 3A, COLUMN A & B THE MANAGEMENT CONTRACTS IN BOND FINANCED SPACE FALL UNDER THE SAFE HARBOR EXCEPTION OR ARE INCIDENTAL USE CONTRACTS. NEITHER RESULT IN PRIVATE BUSINESS USE. SCHEDULE K, PART III, LINE 9, PART IV, LINE 7 & PART V THE ORGANIZATION FOLLOWS THE POST ISSUANCE COMPLIANCE REGULATIONS REGARDING PRIVATE BUSINESS USE MONITORING, ARBITRAGE REBATE CALCULATIONS AND REMEDIAL ACTIONS AND THE VCAP PROGRAM PROVIDED BY THE IRS. HOWEVER, AS OF THE END OF THE FISCAL YEAR HAD NOT REDUCED THEIR POLICY TO A WRITTEN POLICY. SUBSEQUENT TO THE FISCAL YEAR END, BUT PRIOR TO THE FILING OF THE FORM 990, THE ORGANIZATION ADOPTED WRITTEN POLICIES AND PROCEDURES. SCHEDULE K, PART II, LINE 12 THE OTHER SPENT PROCEEDS WERE USED TO REFUND THE JUNE 2004 BOND ISSUE. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEW THE RETURN WAS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM BASED ON INFORMATION PROVIDED BY THE ORGANIZATION AND IN CONSULTATION WITH THE ORGANIZATION'S STAFF. THE DRAFT PREPARED BY THE ACCOUNTING FIRM WAS THEN CAREFULLY REVIEWED BY OFFICERS OF THE ORGANIZATION. A COMPLETE COPY OF THE FINAL VERSION OF FORM 990 WAS PROVIDED TO ALL MEMBERS OF THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. QUESTIONS WERE REFERRED TO THE CHIEF FINANCIAL OFFICER FOR RESPONSES. FORM 990, PART VI, SECTION B, LINE 12C CONFLICTS OF INTEREST ON AN ANNUAL BASIS, DIRECTORS REVIEW THE CONFLICT OF INTEREST POLICY AND SIGN A DISCLOSURE STATEMENT. THE CONFLICT OF INTEREST POLICY AND DISCLOSURES ARE MONITORED BY GENERAL COUNSEL OF THE ORGANIZATION WITH ASSISTANCE FROM FIT'S CONTROLLER. APPROPRIATE ACTION IS TAKEN BASED ON THE NATURE OF THE CONFLICT, IF ANY ARE IDENTIFIED. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENT DISCLOSURE THE ORGANIZATION'S DOCUMENTS INCLUDING ITS APPLICATION FOR TAX EXEMPT STATUS, FORM 990, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FASHION INSTITUTE OF TECHNOLOGY 227 WEST 27TH ST NEW YORK NY 10001 132556338 EDUCATION NY 115 N/A 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 1 0 0 0 FASHION INSTITUTE OF TECHNOLOGY E 7474123 FMV FASHION INSTITUTE OF TECHNOLOGY M 693574 FMV FASHION INSTITUTE OF TECHNOLOGY P 617024 FMV