2025-01-29T11:23:21-06:00 2024-06-30 232108173 RKL LLP 3501 CONCORD ROAD STE 250 YORK PA 17402 990 2023-07-01 232180252 STUDENT LODGING INC STUD 7176405446 MILLERSVILLE UNIVERSITY OF PA MILLERSVILLE PA 17551 ANDREW KEHL CFO 7176405446 2025-01-27 1 0 DOUGLAS L BERMAN CPA P01269555 7178433804 2025-01-27 2023 2025-03-06 01:10:19Z ANDREW KEHL 21 S GEORGE STREET MILLERSVILLE PA 17551 7700052 0 X STUDENTLODGINGINC.COM X 1981 PA TO PROVIDE, OPERATE AND MAINTAIN FACILITIES TO HOUSE STUDENTS AND OTHER WORTHY PERSONS; TO ESTABLISH, PROVIDE, OPERATE AND MAINTAIN SUCH OTHER FACILITIES AND ACTIVITIES AS THE BOARD OF DIRECTORS AND THE CORPORATION DEEM DESIRABLE FOR STUDENT WELFARE; AND ENGAGING IN ANY OTHER ACTIVITIES OR ENTERPRISES WHICH THE BOARD OF DIRECTORS AND THE CORPORATION DEEM DESIRABLE FOR STUDENT WELFARE. 6 5 0 5 0 0 0 0 6497456 7121195 36946 241512 97919 75087 6632321 7437794 92950 348793 0 0 0 0 0 0 0 7051570 7508194 7144520 7856987 -512199 -419193 34573932 37333392 28341027 31326840 6232905 6006552 X TO PROVIDE, OPERATE AND MAINTAIN FACILITIES TO HOUSE STUDENTS AND OTHER WORTHY PERSONS; TO ESTABLISH, PROVIDE, OPERATE AND MAINTAIN SUCH OTHER FACILITIES AND ACTIVITIES AS THE BOARD OF DIRECTORS AND THE CORPORATION DEEM DESIRABLE FOR STUDENT WELFARE; AND ENGAGING IN ANY OTHER ACTIVITIES OR ENTERPRISES WHICH THE BOARD OF DIRECTORS AND THE CORPORATION DEEM DESIRABLE FOR STUDENT WELFARE. 0 0 6571315 348793 7183951 STUDENT LODGING, INC. OWNS AND MAINTAINS TWO RESIDENCE HALLS, APARTMENT COMPLEXES, AND OTHER RENTAL UNITS THAT PROVIDE HOUSING FOR WORTHY PERSONS. 6571315 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 X 12 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 6 5 0 1 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 1 0 X ANDREW KEHL CFO 7176405446 21 SOUTH GEORGE STREET MILLERSVILLE PA 17551 ANDREW OLENIK CHAIRPERSON 0.10 1.00 X X 0 0 0 SARAH DILLON TREASURER 0.10 0.00 X X 0 0 0 GEOFFREY BEERS CHIEF EXECUTIVE OFFICER/VICE CHAIRPERSON 17.50 10.00 X X 0 274596 76084 STEPHEN KEPCHAR DIRECTOR 0.10 1.00 X 0 0 0 RACHEL LAMB STUDENT REP/DIRECTOR 0.10 0.00 X 0 0 0 PHILIP LOHT DIRECTOR 0.10 0.00 X 0 0 0 ROBERT J SEMPSEY CORPORATE SECRETARY 17.50 10.00 X 0 253885 73360 ANDREW KEHL CHIEF FINANCIAL OFFICER 17.50 10.00 X 0 181440 57559 0 709921 207003 0 0 1 0 BENCHMARK CONSTRUCTION 4121 OREGON PIKE EPHRATA PA 17522 CONSTRUCTION 4691333 STUDENT SERVICES INC MILLERSVILLE UNIVERSITY OF PA MILLERSVILLE PA 17551 STAFFING REIMBURSEMENTS 786018 ESCO INC 2010 W MAIN ST EPHRATA PA 17522 ALARM AND MONITORING SERVICES 164605 DAWOOD ENGINEERING 4250 CRUMS MILL RD 301 HARRISBURG PA 17112 ENGINEERING 141043 CBRE INC 2100 MCKINNEY AVENUE SUITE 1250 DALLAS TX 75201 LEASE COMMISSION 110000 6 APARTMENT RENTALS 532000 7121195 7121195 7121195 177900 177900 325870 262258 63612 63612 63612 MISCELLANEOUS REVENUE 900099 62756 62756 WASHER/DRYER COMMISSIO 812300 12331 12331 75087 7437794 7183951 0 253843 348793 348793 1148891 1148891 80381 80381 48168 48168 551978 551978 28965 20733 8232 942643 942643 1154731 1154731 1742636 1742636 411675 411675 REPAIRS AND MAINTENANCE 604105 604105 STUDENT ORGANIZATION SU 350000 350000 HEALTH INSURANCE 215796 215796 MISCELLANEOUS 117964 117964 110261 110261 7856987 6571315 1285672 0 650 650 3021874 6561875 644374 155564 517500 502500 209226 180128 57961626 28881316 25783663 29080310 4396645 852365 34573932 37333392 1419870 1062264 179957 223937 25829651 29016987 911549 1023652 28341027 31326840 X 6232905 6006552 6232905 6006552 34573932 37333392 X -419193 192840 X X 0 1 X 1 0 X 6404130 6272052 6472634 6583423 7183951 32916190 11180 7183 12232 11952 12331 54878 6415310 6279235 6484866 6595375 7196282 32971068 0 0 0 32971068 11080 3530 3018 36113 177900 231641 11080 3530 3018 36113 177900 231641 6426390 6282765 6487884 6631488 7374182 33202709 0.99300 0.99790 0.00700 0.00210 X 1706273 1706273 54039290 27174280 26865010 1978158 1469131 509027 237905 237905 0 29080310 SECURITY DEPOSITS 977414 ACCRUED INTEREST 46238 1023652 X 7630634 192840 192840 7437794 0 7437794 7856987 0 7856987 0 7856987 PART X, LINE 2: ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE CORPORATION, INCLUDING WHETHER THE ENTITY IS EXEMPT FROM INCOME TAXES. MANAGEMENT EVALUATED THE TAX POSITIONS TAKEN AND CONCLUDED THAT THE CORPORATION HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THEREFORE, NO PROVISION OR LIABILITY FOR INCOME TAXES HAS BEEN INCLUDED IN THE FINANCIAL STATEMENTS. WITH FEW EXCEPTIONS, THE CORPORATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE, OR LOCAL TAX AUTHORITIES FOR YEARS BEFORE 2021. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN FAIR VALUE OF INTEREST RATE SWAPS 192,840. 0 MILLERSVILLE UNIVERSITY MILLERSVILLE UNIVERSITY OF PA MILLERSVILLE PA 17551 232397926 501(C)3 348218 0 GENERAL PURPOSE 1 0 0 1 0 0 0 0 0 0 0 GEOFFREY BEERS CHIEF EXECUTIVE OFFICER/VICE CHAIRPE 0 259636 0 14960 0 0 0 66367 0 9717 0 350680 0 0 ROBERT J SEMPSEY CORPORATE SECRETARY 0 233817 0 20068 0 0 0 63643 0 9717 0 327245 0 0 ANDREW KEHL CHIEF FINANCIAL OFFICER 0 155430 0 26010 0 0 0 47842 0 9717 0 238999 0 0 PART I, LINE 3 IRONSTONE TOTAL BUSINESS SUPPORT, A RELATED ORGANIZATION, USES THE FORM 990S OF OTHER ORGANIZATIONS, WRITTEN EMPLOYMENT CONTRACTS, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE TO ESTABLISH COMPENSATION. PART I, LINE 4B GEOFFREY BEERS, CEO, PARTICIPATES IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN THROUGH IRONSTONE TOTAL BUSINESS SUPPORT, A RELATED ENTITY. CONTRIBUTIONS TO THE PLAN FOR THE CALENDAR YEAR 2023 WERE $18,408. ROBERT SEMPSEY, CBO, PARTICIPATES IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN THROUGH IRONSTONE TOTAL BUSINESS SUPPORT, A RELATED ENTITY. CONTRIBUTIONS TO THE PLAN FOR THE CALENDAR YEAR 2023 WERE $13,723. A PENN INDUSTRIAL DEVELOPMENT AUTHORITY 2021-03-24 18799532 REFINANCE OF PREVIOUS REVENUE NOTES 0 0 0 B PENN INDUSTRIAL DEVELOPMENT AUTHORITY 2021-03-24 8682234 REFINANCE OF PREVIOUS REVENUE NOTES 0 0 0 C NATIONAL FINANCE AUTHORITY 521304598 2022-12-22 4000000 FINANCING FOR DESIGN AND CONSTRUCTION OF MEDICAL OFFICE BUILDING 0 0 0 A 1658523 18799532 146108 18653424 1 0 1 1 B 765954 8682234 64609 8617625 1 0 1 1 C 40302 4000000 4000000 0 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 C 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 A 0 1 0 0 1 0 0 0 0 B 0 1 0 0 1 0 0 0 0 C 0 1 0 0 1 1 FULTON BANK NA 11.000000000000 0 0 0 0 0 A 1 B 1 C 1 FORM 990, PART V, LINE 1C: THE ORGANIZATION DID NOT HAVE ANY INSTANCES WHERE BACKUP WITHHOLDING WAS REQUIRED; HOWEVER, IF THE SITUATION WOULD ARISE, THE ORGANIZATION IS AWARE OF THE REPORTING REQUIREMENTS AND WOULD HANDLE THAT ACCORDINGLY. FORM 990, PART VI, SECTION A, LINE 3 MANAGEMENT OF THE ORGANIZATION WAS DELEGATED TO IRONSTONE TOTAL BUSINESS SUPPORT. FORM 990, PART VI, SECTION A, LINE 4 THE ORGANIZATION AMENDED THE ARTICLES OF INCORPORATION TO EXPAND UPON THE DISSOLUTION OF THE CORPORATION TO MILLERSVILLE UNIVERSITY, AS LONG AS THE UNVIVERSITY IS RECOGNIZED AS TAX-EXEMPT UNDER SECTION 115, OR TO AN AFFILIATED ORGANIZATION AS LONG AS IT IS TAX-EXEMPT UNDER SECTION 501(C)3. IF DISTRIBUTION OF ASSETS CANNOT BE MADE TO THE UNIVERSITY OR AN AFFILIATED ORGANIZATION, THE ASSETS WILL BE DISTRIBUTED FOR ONE OR MORE EXEMPT PURPOSES UNDER SECTION 501(C)3. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM AND IS REVIEWED BY THE CHIEF FINANCIAL OFFICER AND THE FINANCE COMMITTEE BEFORE IT IS FILED. A COPY OF THE 990 IS ALSO DISTRIBUTED VIA EMAIL TO THE BOARD OF DIRECTORS FOR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C STUDENT LODGING DOES NOT HAVE ANY EMPLOYEES. HOWEVER, ALL BOARD MEMBERS ARE MONITORED BY HUMAN RESOURCES AND THE PERSONNEL COMMITTEE. FORM 990, PART VI, SECTION B, LINE 15B AT THIS TIME, THE ORGANIZATION HAS NO PAID EMPLOYEES. HOWEVER, THE POLICY IN PLACE FOR ANY FUTURE PAID EMPLOYEES INCLUDES RECOMMENDATIONS FOR COMPENSATION TO TOP MANAGEMENT AND KEY EMPLOYEES BEING SUBMITTED TO THE FINANCE COMMITTEE AND THE FINANCE COMMITTEE'S ENDORSEMENT BEING PRESENTED TO THE BOARD OF DIRECTORS FOR APPROVAL. FORM 990, PART VI, SECTION C, LINE 19 THESE ORGANIZATIONAL DOCUMENTS ARE AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST TO THE ORGANIZATION. FORM 990, PART XI, LINE 9: CHANGE IN FAIR VALUE OF INTEREST RATE SWAP 192,840. FORM 990, PART XII, LINE 2C THE FINANCE COMMITTEE ASSUMES RESPONSIBILITY FOR THE OVERSIGHT AND REVIEW OF THE ORGANIZATION'S AUDIT. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. IRONSTONE TOTAL BUSINESS SUPPORT 21 S GEORGE ST MILLERSVILLE PA 17551 871788362 SUPPORTIVE SERVICES PA 501(C)(3) LINE 12A, I N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0