2012-05-14T10:47:18-05:00 2011-06-30 KPMG LLP 345 Park Avenue New York NY 101540102 990 2010-07-01 133263493 FIT Student Housing Corporation FITS 2122173603 227 WEST 27TH STREET NEW YORK NY 10001 SHERRY BRABHAM 2012-05-11 2127589700 2010 2016-02-24 21:20:13Z DRJOYCE F BROWN 227 WEST 27TH STREET NEW YORK NY 10001 76940126 false X WWW.FITNYC.EDU X 1982 NY TO PROVIDE MANAGEMENT SERVICES AND OPERATION OF DORMITORY FACILITIES FOR STUDENTS OF F.I.T. 15 15 143 0 0 0 1125000 250000 21131446 22773322 166152 175928 224455 243565 22647053 23442815 0 0 1739317 1821585 0 0 21980227 20801583 23719544 22623168 -1072491 819647 161924608 163449978 150572526 151278249 11352082 12171729 TO OWN AND OPERATE DORMITORY FACILITIES FOR THE FASHION INSTITUTE OF TECHNOLOGY. false false 21366623 22773322 F.I.T. STUDENT HOUSING CORPORATION OPERATES AND MANAGES THE DORMITORY FACILITIES FOR THE FASHION INSTITUTE OF TECHNOLOGY. 21366623 true true false false false false false false false true false false true true false true true false false false false false false false false false false false true true false true false false false false false false false false false false false false false true true false false false true 0 0 143 true false false false false false false false false false false X 15 15 false false false false false false false true true false false true true true true true true false false false X JOHN J JOHNSTON 2122173602 236 WEST 27TH STREET 5TH FL NEW YORK NY 10001 X EDWIN A GOODMAN 1.0 X X 0 0 0 ELIZABETH T PEEK 1.0 X 0 0 0 CELESTE WEINS 1.0 X 0 0 0 RICHARD A ANDERMAN 1.0 X 0 0 0 JAY H BAKER 1.0 X 0 0 0 ROBIN BURNS-MCNEILL 1.0 X 0 0 0 AMSALE ABERRA 1.0 X 0 0 0 YAZ HERNANDEZ 1.0 X 0 0 0 GEORGE S KAUFMAN 1.0 X 0 0 0 JUDITH BYRD 1.0 X 0 0 0 JOAN B HORNIG 1.0 X 0 0 0 BEVERLY S MACK 1.0 X 0 0 0 CHRIS CASSON MADDEN 1.0 X 0 0 0 ROBERT SAVAGE 1.0 X 0 0 0 DEIRDRE QUINN 1.0 X 0 0 0 DR JOYCE F BROWN 5.0 X 0 317727 117149 SHERRY BRABHAM 5.0 X 0 246700 36854 JEFFREY SLONIM 5.0 X 0 192580 30999 ANN MARIE GRAPPO 20.0 X 125750 0 77674 JOSEPH GASCHEN 20.0 X 100924 0 73849 226674 757007 336525 2 false true false AMERICAN BUILDING MAINTENANCE PO BOX 1534 NEW YORK NY 100081534 BUILDING JANITORIAL 1842996 ARAMARK CORP 227 WEST 27TH STREET NEW YORK NY 10001 FOOD SERVICES 1420398 US SECURITY ASSOCIATES INC PO BOX 931703 ATLANTA GA 31193 PROVIDES SECURITY 745252 FLOORING 23RD CORP 38-15 23RD AVENUE ASTORIA NY 11105 FLOORING INSTAL. 489649 RCN TELECOMM SVCS INC 757 THIRD AVENUE NEW YORK NY 10017 TELECOMMUNICATIONS 240622 10 250000 250000 STUDENT RENTALS & FEES 721000 20772366 20772366 MEAL PLAN INCOME 721000 1391873 1391873 FOOD SERVICE REVENUE 900099 114210 114210 F.I.T. RENTALS 721000 479302 479302 DORM DAMAGES 721000 15571 15571 22773322 175928 175928 0 0 53497311 53497311 0 0 0 0 OTHER INCOME 900099 196861 196861 LAUNDRY INCOME 721000 46704 46704 243565 23442815 22773322 419493 0 0 0 0 113704 113704 0 1260445 1190532 69913 54781 48714 6067 309714 275415 34299 82941 73756 9185 496662 496662 0 30150 30150 0 0 0 143930 143930 13796 13796 596218 513314 82904 46319 46319 0 9302164 9302164 0 0 46511 46511 1716 1716 0 5793941 5793941 237513 237513 CONTRACT LABOR 1947990 1947990 FOOD CONTRACTS 1402986 1402986 SECURITY 724981 724981 COPYRIGHT/ LICENSE FEES 16606 16606 BANK CHARGES 100 100 22623168 21366623 1256545 0 16798 17707 120445 935543 42112 54597 179264397 42319918 140143234 136944479 15725600 15756536 5876419 9741116 161924608 163449978 1275409 1725550 440406 1042200 138583562 135522050 10273149 12988449 150572526 151278249 X -425028 4592956 11777110 7578773 11352082 12171729 161924608 163449978 819647 X false true true X false X 1250000 1250000 1125000 1125000 250000 5000000 16697512 20468870 21563026 21131446 22643541 102504395 17947512 21718870 22688026 22256446 22893541 107504395 107504395 1050495 742704 288833 163757 175928 2421717 1050495 742704 288833 163757 175928 2421717 895780 514941 582103 224455 373346 2590625 19893787 22976515 23558962 22644658 23442815 112516737 0.95545 0.95040 0.02152 0.02550 X LAUNDRY INCOME OTHER INCOME DORM DAMAGES UTILITY REFUNDS RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 12083700 12083700 154003037 30891407 123111630 5400889 4061188 1339701 1075166 997153 78013 6701599 6370164 331435 136944479 CLAIM ON POOLED CASH 6996529 BOND EXPENSES 2744587 9741116 0 AFFILIATE LOAN PAYABLE (FIT) 9484236 BOND INTEREST PAYABLE 3504213 12988449 23442815 22623168 819647 819647 23442815 23442815 23442815 22623168 22623168 22623168 false false false false false false false false false DR JOYCE F BROWN 0 297627 0 0 0 20100 0 18393 0 98756 0 434876 0 0 SHERRY BRABHAM 0 246700 0 0 0 0 0 19698 0 17156 0 283554 0 0 JEFFREY SLONIM 0 192580 0 0 0 0 0 13843 0 17156 0 223579 0 0 ANN MARIE GRAPPO 125750 0 0 0 0 0 18198 0 59476 0 203424 0 0 0 JOSEPH GASCHEN 100924 0 0 0 0 0 14373 0 59476 0 174773 0 0 0 DORMITORY AUTHORITY OF THE STATE OF NEW YORK 146000293 999999999 2004-06-09 146049334 BUILDING CONSTRUCTION true false false DORMITORY AUTHORITY OF THE STATE OF NEW YORK 146000293 999999999 2007-05-31 125674189 REFINANCING false false false 114935000 0 146049334 5848474 15987426 0 1708802 0 0 116303297 12049809 0 false false true true 0 0 125674189 9908062 0 114935000 2490551 0 0 0 0 0 false true true true false false false false false 0.00000 0.00000 0.00000 true false false false false false 0.00000 0.00000 0.00000 true false false false false false false false false false false false false false false false false FORM 990, PART VI, SECTION B, LINE 11A: 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 RESPONSE. FORM 990, PART VI, SECTION B, LINE 12C: 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 F.I.T.S' CONTROLLER. APPROPRIATE ACTION IS TAKEN BASED ON THE NATURE OF THE CONFLICT. FORM 990, PART VI, SECTION C, LINE 19: 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. FORM 990, PART XII, LINE 2C: OVERSIGHT, REVIEW AND SELECTION PROCESS HAS NOT CHANGED FROM PRIOR YEAR. HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:EDWIN A. GOODMAN TITLE:CHAIR HOURS:2 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:ELIZABETH T. PEEK TITLE:VICE CHAIR HOURS:3 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:CELESTE WEINS TITLE:STUDENT TRUSTEE HOURS:3 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:RICHARD A. ANDERMAN TITLE:TRUSTEE HOURS:2 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:JAY H. BAKER TITLE:TRUSTEE HOURS:3 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:ROBIN BURNS-MCNEILL TITLE:TRUSTEE HOURS:2 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:AMSALE ABERRA TITLE:TRUSTEE HOURS:2 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:YAZ HERNANDEZ TITLE:TRUSTEE HOURS:2 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:GEORGE S. KAUFMAN TITLE:TRUSTEE HOURS:2 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:JUDITH BYRD TITLE:TRUSTEE HOURS:2 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:JOAN B. HORNIG TITLE:TRUSTEE HOURS:2 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:BEVERLY S. MACK TITLE:TRUSTEE HOURS:2 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:CHRIS CASSON MADDEN TITLE:TRUSTEE HOURS:2 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:ROBERT SAVAGE TITLE:TRUSTEE HOURS:2 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:DEIRDRE QUINN TITLE:TRUSTEE HOURS:2 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:DR. JOYCE F. BROWN TITLE:PRESIDENT HOURS:35 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:SHERRY BRABHAM TITLE:TREASURER HOURS:35 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:JEFFREY SLONIM TITLE:SECRETARY HOURS:35 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:ANN MARIE GRAPPO TITLE:DIRECTOR RESIDENTIAL LIFE HOURS:20 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:JOSEPH GASCHEN TITLE:ASST DIRECTOR RESIDENTIAL LIFE HOURS:20 FIT STAFF HOUSING CO INC 227 WEST 27TH ST NEW YORK NY 10001 132837903 DORMITORY NY 501(C)(3) 11a FIT FIT STUDENT FACULTY CORPORATION 227 WEST 27TH ST NEW YORK NY 10001 131913988 EDU. SERVICES NY 501(C)(3) 9 FIT FASHION INSTITUTE OF TECHNOLOGY 227 WEST 27TH ST NEW YORK NY 10001 132556338 EDUCATION NY N/A N/A false false false false true false false false false false false true false true true false false false FASHION INSTITUTE OF TECHNOLOGY E 9484236 FASHION INSTITUTE OF TECHNOLOGY L 496692 FIT STAFF HOUSING CO INC N 527939 FASHION INSTITUTE OF TECHNOLOGY O 236352 salaries and fringe benefits: the salaries and fringe benefits of the employees of f.i.t. staff housing co., inc. are paid by f.i.t. student housing corporation. internally at year-end, the taxpayer allocates the salaries and fringe benefits between itself and f.i.t. staff housing co., inc. (#13-2837903).