2020-02-17T08:06:59-06:00 2019-06-30 232108173 RKL LLP PO BOX 8408 LANCASTER PA 176048408 990 2018-07-01 232180252 STUDENT LODGING INC STUD 7178717620 MILLERSVILLE UNIVERSITY OF PA MILLERSVILLE PA 17551 GEOFFREY BEERS CEO 7178717620 2020-01-22 1 JAMES H OSTROWSKI CPA P00039033 7173945666 2020-01-22 50.200.65.190 2020-01-22 12:25:23 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 858D3D31AFAEB25414B49DA530E7F158620AFD44 2018 2020-09-22 18:59:49Z GEOFFREY BEERS 21 S GEORGE STREET MILLERSVILLE PA 17551 6773703 0 X STUDENTLODGINGINC.COM X 1981 PA TO PROVIDE SAFE, AFFORDABLE, AND CONVENIENT OFF-CAMPUS HOUSING FOR MILLERSVILLE UNIVERSITY STUDENTS. 12 11 0 13 0 0 0 0 6617518 6713596 -20550 16222 27905 43885 6624873 6773703 249803 276400 0 0 79083 0 0 0 0 5666360 6146177 5995246 6422577 629627 351126 39870238 37780137 31670542 30837331 8199696 6942806 TO PROVIDE SAFE, AFFORDABLE, AND CONVENIENT OFF-CAMPUS HOUSING FOR MILLERSVILLE UNIVERSITY STUDENTS. 0 0 6039887 276400 6744098 STUDENT LODGING, INC. OWNS AND MAINTAINS TWO RESIDENCE HALLS, APARTMENT COMPLEXES, AND OTHER RENTAL UNITS THAT PROVIDE HOUSING EXCLUSIVELY FOR STUDENTS OF MILLERSVILLE UNIVERSITY OF PENNSYLVANIA. 6039887 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 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 X 12 11 0 1 0 0 0 0 0 1 1 0 0 1 1 0 1 1 1 1 1 0 X KATHLEEN SEARS CORPORATE SECRETARY 7178717620 21 SOUTH GEORGE STREET MILLERSVILLE PA 17551 PHILIP LOHT CHAIRPERSON/VICE CHAIRPERSON 0.10 X X 0 0 0 ROBERT SLABINSKI-UNTIL 219 CHAIRPERSON 0.10 X X 41645 0 0 ABRAM DIFFENBACH VICE CHAIRPERSON/DIRECTOR 0.10 X X 0 0 0 ROBERT SHOPE TREASURER 0.10 X X 0 0 0 GEOFFREY BEERS CHIEF EXECUTIVE OFFICER 18.50 X X 0 0 0 SARAH DILLON - BEG 419 DIRECTOR 0.10 X 0 0 0 TY ESPENSHADE DIRECTOR 0.10 X 0 0 0 CATHERINE C GLASS DIRECTOR 0.10 X 0 0 0 GEORGE HAUBER- UNTIL 219 DIRECTOR 0.10 X 0 0 0 MADELINE JONES-UNTIL 518 STUDENT REPRESENTATIVE 0.10 X 0 0 0 STEPHEN KEPCHAR DIRECTOR 0.10 X 0 0 0 ALYSSA MANCUSO - BEG 1018 STUDENT REPRESENTATIVE 0.10 X 0 0 0 JUSTIN PIERRE - UNTIL 518 STUDENT REPRESENTATIVE 0.10 X 0 0 0 ANDREW TEPPER STUDENT REPRESENTATIVE 0.10 X 0 0 0 JOHN TINTERA - BEG 1018 STUDENT REPRESENTATIVE 0.10 X 0 0 0 MICHAEL G WARFEL DIRECTOR 0.10 X 0 0 0 LATISHA BRIAN DIRECTOR OF FINANCE & ACC. 18.50 X 0 0 0 ROBERT J SEMPSEY CHIEF BUSINESS OFFICER 18.50 X 0 0 0 KATHLEEN SEARS SECRETARY NON-VOTING 0.10 X 0 0 0 41645 0 0 0 0 0 0 STUDENT SERVICES INC MILLERSVILLE UNIVERSITY OF PENNSYLV MILLERSVILLE PA 17551 MANAGEMENT SERVICES 1286084 BENCHMARK CONSTRUCTION COMPANY INC 4121 OREGON PIKE BROWNSTOWN PA 17508 CONSTRUCTION SERVICES 471591 DIVISION 09 CONTRACT FLOORING 3731 PRICETOWN ROAD FLEETWOOD PA 19522 INSTALLATION SERVICES 129079 ESCO INC 2010 W MAIN STREET EPHRATA PA 17522 SECURITY SYSTEM SUPPLIER 124551 4 APARTMENT RENTALS 532000 6713596 6713596 6713596 16222 16222 MISCELLANEOUS REVENUE 900099 30502 30502 WASHER/DRYER COMMISSIO 812300 13383 13383 43885 6773703 6744098 0 29605 276400 276400 296231 296231 22508 22508 23750 23750 12150 12150 586637 565126 21511 34461 34461 6540 6540 974511 974511 1801068 1801068 486015 486015 REPAIRS AND MAINTENANCE 597272 597272 UTILITIES 466802 466802 REAL ESTATE TAXES 440365 440365 STUDENT ORGANIZATION SU 150000 150000 247867 247867 6422577 6039887 382690 0 650 650 4020930 3136114 733635 659145 3317 213038 219666 53578605 20246723 32262810 33331882 646368 471395 432680 1518095 0 39870238 37780137 1223703 318343 238320 226184 29256640 28428016 951879 1864788 31670542 30837331 X 8199696 6942806 8199696 6942806 39870238 37780137 X 351126 -1608016 X X 0 1 X 1 0 X 6115148 6181505 6262995 6634782 6744098 31938528 15385 14557 12544 10641 13383 66510 6130533 6196062 6275539 6645423 6757481 32005038 0 0 0 32005038 933 873 788 10856 16222 29672 933 873 788 10856 16222 29672 6131466 6196935 6276327 6656279 6773703 32034710 0.99910 0.99940 0.00090 0.00060 X 2841420 2841420 48964359 18989354 29975005 1534921 1022404 512517 237905 234965 2940 33331882 SECURITY DEPOSITS 903140 INTEREST RATE SWAP 961648 1864788 X 5165687 -1608016 -1608016 6773703 0 6773703 6422577 0 6422577 0 6422577 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 2016. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN FAIR VALUE OF INTEREST RATE SWAPS -1,608,016. 0 MILLERSVILLE UNIVERSITY MILLERSVILLE UNIVERSITY OF PA MILLERSVILLE PA 17551 232397926 501(C)(3) 139800 GENERAL PURPOSE MILLERSVILLE UNIVERSITY FOUNDATION DUNCAN ALUM HS 207 N GEORGE ST MILLERSVILLE PA 17551 236435616 501(C)(3) 125000 GENERAL PURPOSE MILLERSVILLE BOROUGH 100 MUNICIPAL DRIVE MILLERSVILLE PA 17551 236003125 170(C)(1) 6475 GENERAL PURPOSE 3 0 KATHLEEN SEARS SECRETARY 1286084 A FEE WAS PAID BY STUDENT LODGING INC. TO STUDENT SERVICES INC. FOR MANAGEMENT AND PROGRAM SERVICES PROVIDED. THE INTERESTED PERSON WAS AN OFFICER AND/OR VOTING MEMBER OF THE BOARD FOR BOTH ORGANIZATIONS. 0 LATISHA BRIAN DIRECTOR OF FINANCE 1286084 A FEE WAS PAID BY STUDENT LODGING INC. TO STUDENT SERVICES INC. FOR MANAGEMENT AND PROGRAM SERVICES PROVIDED. THE INTERESTED PERSON WAS AN OFFICER AND/OR VOTING MEMBER OF THE BOARD FOR BOTH ORGANIZATIONS. 0 ROBERT SEMPSEY CHIEF BUSINESS OFFICER 1286084 A FEE WAS PAID BY STUDENT LODGING INC. TO STUDENT SERVICES INC. FOR MANAGEMENT AND PROGRAM SERVICES PROVIDED. THE INTERESTED PERSON WAS AN OFFICER AND/OR VOTING MEMBER OF THE BOARD FOR BOTH ORGANIZATIONS. 0 GEOFFREY BEERS CEO 1286084 A FEE WAS PAID BY STUDENT LODGING INC. TO STUDENT SERVICES INC. FOR MANAGEMENT AND PROGRAM SERVICES PROVIDED. THE INTERESTED PERSON WAS AN OFFICER AND/OR VOTING MEMBER OF THE BOARD FOR BOTH ORGANIZATIONS. 0 PHILIP LOHT CHAIRPERSON 1286084 A FEE WAS PAID BY STUDENT LODGING INC. TO STUDENT SERVICES INC. FOR MANAGEMENT AND PROGRAM SERVICES PROVIDED. THE INTERESTED PERSON WAS AN OFFICER AND/OR VOTING MEMBER OF THE BOARD FOR BOTH ORGANIZATIONS. 0 ROBERT SLABINSKI CHAIRPERSON UNTIL 2/19 1286084 A FEE WAS PAID BY STUDENT LODGING INC. TO STUDENT SERVICES INC. FOR MANAGEMENT AND PROGRAM SERVICES PROVIDED. THE INTERESTED PERSON WAS AN OFFICER AND/OR VOTING MEMBER OF THE BOARD FOR BOTH ORGANIZATIONS. 0 ROBERT SHOPE TREASURER 1286084 A FEE WAS PAID BY STUDENT LODGING INC. TO STUDENT SERVICES INC. FOR MANAGEMENT AND PROGRAM SERVICES PROVIDED. THE INTERESTED PERSON WAS AN OFFICER AND/OR VOTING MEMBER OF THE BOARD FOR BOTH ORGANIZATIONS. 0 ABRAM DIFFENBACH DIRECTOR 1286084 A FEE WAS PAID BY STUDENT LODGING INC. TO STUDENT SERVICES INC. FOR MANAGEMENT AND PROGRAM SERVICES PROVIDED. THE INTERESTED PERSON WAS AN OFFICER AND/OR VOTING MEMBER OF THE BOARD FOR BOTH ORGANIZATIONS. 0 TY ESPENSHADE DIRECTOR 1286084 A FEE WAS PAID BY STUDENT LODGING INC. TO STUDENT SERVICES INC. FOR MANAGEMENT AND PROGRAM SERVICES PROVIDED. THE INTERESTED PERSON WAS AN OFFICER AND/OR VOTING MEMBER OF THE BOARD FOR BOTH ORGANIZATIONS. 0 CATHERINE C GLASS DIRECTOR 1286084 A FEE WAS PAID BY STUDENT LODGING INC. TO STUDENT SERVICES INC. FOR MANAGEMENT AND PROGRAM SERVICES PROVIDED. THE INTERESTED PERSON WAS AN OFFICER AND/OR VOTING MEMBER OF THE BOARD FOR BOTH ORGANIZATIONS. 0 GEORGE HAUBER DIRECTOR 1286084 A FEE WAS PAID BY STUDENT LODGING INC. TO STUDENT SERVICES INC. FOR MANAGEMENT AND PROGRAM SERVICES PROVIDED. THE INTERESTED PERSON WAS AN OFFICER AND/OR VOTING MEMBER OF THE BOARD FOR BOTH ORGANIZATIONS. 0 MADELINE JONES STUDENT REPRESENTATIVE 1286084 A FEE WAS PAID BY STUDENT LODGING INC. TO STUDENT SERVICES INC. FOR MANAGEMENT AND PROGRAM SERVICES PROVIDED. THE INTERESTED PERSON WAS AN OFFICER AND/OR VOTING MEMBER OF THE BOARD FOR BOTH ORGANIZATIONS. 0 STEPHEN KEPCHAR DIRECTOR 1286084 A FEE WAS PAID BY STUDENT LODGING INC. TO STUDENT SERVICES INC. FOR MANAGEMENT AND PROGRAM SERVICES PROVIDED. THE INTERESTED PERSON WAS AN OFFICER AND/OR VOTING MEMBER OF THE BOARD FOR BOTH ORGANIZATIONS.A FEE WAS PAID BY STUDENT LODGING INC. TO STUDENT SERVICES INC. FOR MANAGEMENT AND PROGRAM SERVICES PROVIDED. THE INTERESTED PERSON WAS AN OFFICER AND/OR VOTING MEMBER OF THE BOARD FOR BOTH ORGANIZATIONS. 0 JUSTIN PIERRE STUDENT REPRESENTATIVE 1286084 A FEE WAS PAID BY STUDENT LODGING INC. TO STUDENT SERVICES INC. FOR MANAGEMENT AND PROGRAM SERVICES PROVIDED. THE INTERESTED PERSON WAS AN OFFICER AND/OR VOTING MEMBER OF THE BOARD FOR BOTH ORGANIZATIONS. 0 ANDREW TEPPER STUDENT REPRESENTATIVE 1286084 A FEE WAS PAID BY STUDENT LODGING INC. TO STUDENT SERVICES INC. FOR MANAGEMENT AND PROGRAM SERVICES PROVIDED. THE INTERESTED PERSON WAS AN OFFICER AND/OR VOTING MEMBER OF THE BOARD FOR BOTH ORGANIZATIONS. 0 MICHAEL G WARFEL DIRECTOR 1286084 A FEE WAS PAID BY STUDENT LODGING INC. TO STUDENT SERVICES INC. FOR MANAGEMENT AND PROGRAM SERVICES PROVIDED. THE INTERESTED PERSON WAS AN OFFICER AND/OR VOTING MEMBER OF THE BOARD FOR BOTH ORGANIZATIONS. 0 SARAH DILLON DIRECTOR 1286084 A FEE WAS PAID BY STUDENT LODGING INC. TO STUDENT SERVICES INC. FOR MANAGEMENT AND PROGRAM SERVICES PROVIDED. THE INTERESTED PERSON WAS AN OFFICER AND/OR VOTING MEMBER OF THE BOARD FOR BOTH ORGANIZATIONS. 0 ALYSSA MANCUSO STUDENT REPRESENTATIVE 1286084 A FEE WAS PAID BY STUDENT LODGING INC. TO STUDENT SERVICES INC. FOR MANAGEMENT AND PROGRAM SERVICES PROVIDED. THE INTERESTED PERSON WAS AN OFFICER AND/OR VOTING MEMBER OF THE BOARD FOR BOTH ORGANIZATIONS. 0 JOHN TINTERA STUDENT REPRESENTATIVE 1286084 A FEE WAS PAID BY STUDENT LODGING INC. TO STUDENT SERVICES INC. FOR MANAGEMENT AND PROGRAM SERVICES PROVIDED. THE INTERESTED PERSON WAS AN OFFICER AND/OR VOTING MEMBER OF THE BOARD FOR BOTH ORGANIZATIONS. 0 FORM 990, PART VI, SECTION A, LINE 3 MANAGEMENT OF THE ORGANIZATION WAS DELEGATED TO STUDENT SERVICES, INC. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM AND IS REVIEWED BY THE CHIEF EXECUTIVE 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 15 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 -1,608,016. 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.