2011-11-10T16:06:55-05:00 2010-12-31 KPMG LLP 345 Park Avenue New York NY 101540102 990 2010-01-01 020542979 NEW COLISEUM PROPERTIES INC NEWC 2126480204 245 PARK AVENUE 2ND FLOOR NEW YORK NY 10167 JOSEPH M PISTONE 2126482223 2011-11-10 true KPMG LLP 2127589700 2010 2016-02-24 21:20:13Z DANIEL J VOLPANO 245 PARK AVENUE 2ND FLOOR NEW YORK NY 10167 14576087 false X N/A X 2002 DE THE EXEMPT PURPOSE OF THE ORGANIZATION IS TO HOLD TITLE TO REAL PROPERTY FOR THE BENEFIT OF ITS PARENT ORGANIZATION, THE COMMON RETIREMENT FUND OF THE STATE OF NEW YORK. 12 12 0 12 0 0 0 0 15527314 14576087 0 0 675393 0 16202707 14576087 0 0 0 0 0 0 0 0 0 10709749 10924810 10709749 10924810 5492958 3651277 93689535 88747110 67782359 66976718 25907176 21770392 SEE SCHEDULE O. false false THE ORGANIZATION IS WHOLLY OWNED BY THE COMMON RETIREMENT FUND OF THE STATE OF NEW YORK. NCPI WAS FORMED TO HOLD TITLE TO REAL PROPERTY FOR THE BENEFIT OF ITS PARENT ORGANIZATION, THE COMMON RETIREMENT FUND OF THE STATE OF NEW YORK. THE ORGANIZATION HOLDS TITLE TO PROPERTY (SIX COMMERCIAL OFFICE BUILDINGS AGGREGATING APPROXIMATELY 975,000 SQUARE FEE) AND COLLECTS INCOME THEREFROM. false false false false false false false false true false false false true true false true false false false false false false false false false false false false false false false false false false false false false false true true true false false true 0 0 true 0 false false false false false false X 12 12 false false false false true true true true true false false true false false false false NC X MATTHEW GELISH 2126480204 270 PARK AVENUE 7TH FLOOR NEW YORK NY 10017 X DANIEL J VOLPANO 3.0 X X 0 0 0 ALFRED W DORT 3.0 X X 0 0 0 JOSEPH B DOBRONYI JR 3.0 X 0 0 0 MARK J BONAPACE 3.0 X X 0 0 0 FREDERICK N SHEPPARD 3.0 X 0 0 0 PATRICK J MURPHY 3.0 X 0 0 0 KATHLEEN BARABAS 3.0 X 0 0 0 NINA D METTLEMAN 3.0 X 0 0 0 SCOTT M MACDONALD 3.0 X 0 0 0 JOHN S HARRIS 3.0 X 0 0 0 KELLY M LAMENDOLA 3.0 X 0 0 0 BENJAMIN G GIFFORD 3.0 X 0 0 0 0 0 0 0 false false false CASSIDY TURLEY MARYLAND INC 100 LIGHT ST SUITE 1400 BALTIMORE MD 21202 REAL ESTATE SERVICES 796911 REDLEESCS INC PO BOX 277403 ATLANTA GA 303844703 JANITORIAL 520155 COX SCHEPP INC 2410 DUNAVNT ST CHARLOTTE NC 28203 GENERAL CONTRACTOR 486932 CBRE INC DEPT 8844 LOS ANGELES CA 900848844 MANAGEMENT SERVICES 388096 JP MORGAN FLEMING ASSET MGMT INC PO BOX 27169 NEW YORK NY 100877169 ASSET MANAGEMENT 364595 10 0 RENTAL INCOME 532000 14009077 14009077 RENT ESCALATION 531390 567010 567010 14576087 0 0 0 0 0 0 0 0 14576087 14576087 0 0 0 0 0 0 0 0 0 0 0 298318 6594 9000 0 0 365198 2492420 0 33761 0 0 3216635 2699 0 0 4385520 0 0 0 OTHER EXPENSES 114665 10924810 3697809 1965353 352411 44988 139315 136769 165386907 78786907 89500000 86600000 93689535 88747110 817319 800671 1225040 595693 65383450 65112023 356550 468331 67782359 66976718 X 100 100 138938383 138998383 -113031307 -117228091 25907176 21770392 93689535 88747110 X 3651277 -7788061 X false true true X false 16482272 16482272 122129709 78786907 43342802 17095567 17095567 9679359 9679359 86600000 0 TENANT SECURITY DEPOSITS 368331 INCENTIVE FEE PAYABLE 100000 468331 FIN 48 SCHEDULE D, PART X THE COMPANY IS NOT SUBJECT TO FEDERAL INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(25). ACCORDINGLY, NO INCOME TAXES HAVE BEEN PROVIDED FOR IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. THE COMPANY USES A MORE-LIKELY THAN NOT THRESHOLD FOR RECOGNITION AND DERECOGNITION OF TAX POSITIONS TAKEN OR TO BE TAKEN IN A TAX RETURN. THE GUIDANCE ALSO PROVIDES RELATED GUIDANCE ON MEASUREMENT, CLASSIFICATION, INTEREST AND PENALTIES, AND DISCLOSURE. IN ACCORDANCE WITH THE GUIDANCE ON THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, THE COMPANY ASSESSED ITS TAX POSITIONS FOR ALL OPEN TAX YEARS AS OF DECEMBER 31, 2010 FROM 2007 THROUGH 2010. IF THERE ARE INTEREST AND PENALTIES ON TAX POSITIONS, THE COMPANY'S POLICY IS TO CLASSIFY THESE AS OTHER EXPENSES. CURRENTLY, A TAX POSITION WOULD ONLY BE RECOGNIZED IN THE COMPANY'S CONSOLIDATED FINANCIAL STATEMENTS, IF THE COMPANY WAS DEEMED NOT TO BE EXEMPT AND IT WAS MORE LIKELY THAN NOT THAT THE TAX POSITION WOULD NOT BE SUSTAINED UPON EVALUATION BY THE TAXING AUTHORITY. THE COMPANY CONCLUDED THAT IT HAS NO MATERIAL UNCERTAIN TAX POSITIONS TO BE RECOGNIZED AT THIS TIME. 990 PART III ORGANIZATION'S MISSION ------------------------ NEW COLISEUM PROPERTIES, INC. (NCPI), A TAX-EXEMPT ORGANIZATION, IS WHOLLY OWNED BY THE COMMON RETIREMENT FUND OF THE STATE OF NEW YORK. NCPI WAS FORMED TO HOLD TITLE TO REAL PROPERTY FOR THE BENEFIT OF ITS PARENT ORGANIZATION, THE COMMON RETIREMENT FUND OF THE STATE OF NEW YORK. 990 PART VI - GOVERNANCE, MANAGEMENT, AND DISCLOSURE SECTION B - POLICIES -------------------- LINE 6 AND 7 THE COMPTROLLER OF THE STATE OF NEW YORK, AS TRUSTEE OF THE COMMON RETIREMENT FUND OF THE STATE OF NEW YORK, IS THE SOLE STOCKHOLDER OF NCPI. THE SOLE STOCKHOLDER HAS THE POWER TO ELECT MEMBERS OF NCPI'S GOVERNING BODY AND MUST APPROVE ALL SIGNIFICANT BUSINESS TRANSACTIONS AND GOVERNANCE POLICIES (INCLUDING ENTERING INTO CONTRACTS, INITIATING LEGAL PROCEEDINGS, OPENING ACCOUNTS, AND AMENDING NCPI'S BY-LAWS). LINE 11 THE RETURN IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM BASED ON INFORMATION PROVIDED BY THE COMPANY AND IN CONSULTATION WITH THE COMPANY'S INVESTMENT ADVISORS, JP MORGAN. THE DRAFT PREPARED BY THE ACCOUNTING FIRM IS THEN CAREFULLY REVIEWED BY THE FINANCE AND LEGAL STAFF OF THE COMPANY'S INVESTMENT ADVISORS, JP MORGAN. THE COMPANY'S BOARD OF DIRECTORS HAS DELEGATED TO A SUBSET OF THE COMPANY'S BOARD THE AUTHORITY TO APPROVE THE FORM 990. THE FINAL VERSION IS PROVIDED TO THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. LINES 12, 13, 14 ALTHOUGH NEW COLISEUM PROPERTIES, INC. DOES NOT MAINTAIN SEPARATE CONFLICT OF INTEREST, WHISTLEBLOWER AND RECORD RETENTION POLICIES, IT IS GOVERNED BY THOSE POLICIES OF THE COMMON RETIREMENT FUND OF THE STATE OF NEW YORK, A RELATED ORGANIZATION. 990 PART VI - GOVERNANCE, MANAGEMENT, AND DISCLOSURE SECTION C - DISCLOSURE ---------------------- LINE 19 THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS OR THE CONFLICT OF INTEREST POLICY OF THE COMMON RETIREMENT FUND OF THE STATE OF NEW YORK, A RELATED ORGANIZATION, AVAILABLE TO THE PUBLIC. FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. PART XI - RECONCILIATION OF NET ASSETS LINE 5 OTHER CHANGES IN NET ASSETS OR FUND BALANCES --------------------------------------------- UNREALIZED DEPRECIATION OF RENTAL PROPERTIES: (6,523,190) UNREALIZED DEPRECIATION ON MORTGAGE NOTE PAYABLE: (1,034,871) COLISEUM TRANSFER INC 245 PARK AVENUE NEW YORK NY 10167 REAL ESTATE DE NA COLISEUM GROUND 1 INC 245 PARK AVENUE NEW YORK NY 10167 REAL ESTATE DE NA COLISEUM GROUND 2 INC 245 PARK AVENUE NEW YORK NY 10167 REAL ESTATE DE NA THE COMMON RETIREMENT FUND OF NY STATE 110 STATE STREET 14TH FLOOR ALBANY NY 12236 RETIREMENT FD NY N/A NA false false false false false false false false false false false false false false false false true false PART I, COLUMNS D AND E ------------------------ UNDER IRC SECTION 501(C)(25)(E)(I), THE INCOME AND ASSETS OF THESE ENTITIES ARE TREATED AS THE INCOME AND ASSETS OF THE FILING ORGANIZATION, NEW COLISEUM PROPERTIES, INC.