2023-02-23T12:12:29-06:00 2022-06-30 135565207 KPMG LLP 345 PARK AVENUE NEW YORK NY 101540102 990 2021-07-01 133263493 FIT STUDENT HOUSING CORPORATION FITS 2122173603 227 WEST 27TH STREET NEW YORK NY 10001 SHERRY BRABHAM TREASURER 2122173603 2023-02-21 1 SHERRY BRABHAM 999009999 OSE JOSEPH-ERAMEH P02534927 2127589700 2023-02-14 3 AAL1 IAL1 2021 2023-03-07 01:45:13Z DR JOYCE F BROWN 227 WEST 27TH STREET NEW YORK NY 10001 65375084 0 X WWW.FITNYC.EDU X 1982 NY TO PROVIDE MANAGEMENT SERVICES AND OPERATION OF DORMITORY FACILITIES FOR STUDENTS OF FIT. 13 13 42 13 0 0 6667181 0 4112179 33070099 86783 79956 0 707468 10866143 33857523 0 0 0 0 1197295 1706051 0 0 0 22989820 31626191 24187115 33332242 -13320972 525281 174398361 172356223 146044374 143463477 28353987 28892746 TO OWN AND OPERATE DORMITORY FACILITIES FOR THE FASHION INSTITUTE OFTECHNOLOGY. 0 0 31259726 FIT STUDENT HOUSING CORPORATION OPERATES AND MANAGES THE DORMITORY FACILITIES FOR THE FASHION INSTITUTE OF TECHNOLOGY. 31259726 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 1 0 42 1 0 0 0 0 0 0 0 0 0 0 X 13 13 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 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 ROBERT SAVAGE UNTIL 083121 TRUSTEE 1.00 2.00 X 0 0 0 TONI OUYANG 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 616074 166149 SHERRY BRABHAM TREASURER 5.00 30.00 X 0 301185 68772 STEPHEN TUTTLE SECRETARY 5.00 30.00 X 0 293724 61134 CHRISTINA DIGGS DIRECTOR, RESIDENTIAL LIFE 5.00 30.00 X 132769 0 44444 132769 1210983 340499 1 0 1 0 ARAMARK CORP PO BOX 978839 DALLAS NY 753978839 FOOD SERVICE 4798178 UG2 16 HUNGTINGTON AVENUE 12TH FLOOR BOSTON MA 02116 BUILDING MAINTENANCE 3045595 ALLIED UNIVERSAL SECURITY SVCS PO BOX 828854 PHILADELPHIA PA 191828854 SECURITY SERVICES 1484209 HOBO CONSTRUCTION COMPANY 124 JOHNSON STREET NEWARK NJ 07105 CONSTRUCTION 1047606 4 STUDENT RENTALS AND FE 721000 27485075 27485075 MEAL PLAN INCOME 721000 4633267 4633267 FIT RENTALS 721000 857313 857313 LAUNDRY INCOME 721000 91210 91210 OTHER PROGRAM REVENUE 721000 3234 3234 33070099 96017 96017 31501500 31517561 -16061 -16061 -16061 INSURANCE RECOVERIES 909999 707468 707468 707468 33857523 33070099 0 787424 1146380 872172 274208 65502 49834 15668 418493 318392 100101 75676 57575 18101 730486 730486 40710 40710 287893 287893 800 800 277088 198094 78994 71796 71796 11333373 11333373 261902 261902 8207089 8207089 525555 525555 FOOD CONTRACT 4604821 4604821 CONTRACT LABOR 3465908 3465908 SECURITY 1818770 1818770 33332242 31259726 2072516 0 13148184 28024603 4406 6113 133605 256917 235120362 128445777 112915286 106674585 48196880 37394005 174398361 172356223 2446656 2675920 1035082 133031645 127755749 10566073 11996726 146044374 143463477 X 10806206 23086376 17547781 5806370 28353987 28892746 174398361 172356223 525281 -53186 66664 0 X 0 1 X 1 0 X 6667181 6667181 34190862 34315128 28161241 4112179 33070099 133849509 34190862 34315128 28161241 10779360 33070099 140516690 0 0 0 140516690 497931 558170 568409 83812 96017 1804339 497931 558170 568409 83812 96017 1804339 34688793 34873298 28729650 10863172 33166116 142321029 0.98730 0.98530 0.01270 0.01470 X 12408700 12408700 62341610 39182374 23159236 148202418 77176434 71025984 12167634 12086969 80665 106674585 HELD BY BOND TRUSTEE (DASNY) 31353491 DEFERRED AMOUNT ON REFUNDING 4477760 PREPAID BOND INSURANCE 1321159 DEFERRED AMOUNT (OPEB) 241595 37394005 DEFERRED AMOUNT (OPEB) 1381904 BOND INTEREST PAYABLE 2788730 AFFILIATE LOAN PAYABLE (FIT) 7474123 OPEB OBLIGATION 351969 11996726 33804337 -53186 -53186 33857523 0 33857523 33332242 0 33332242 0 33332242 0 1 0 0 0 0 0 0 0 DR JOYCE F BROWN PRESIDENT 0 583164 0 0 0 32910 0 50976 0 115173 0 782223 0 0 SHERRY BRABHAM TREASURER 0 301185 0 0 0 0 0 37700 0 31072 0 369957 0 0 STEPHEN TUTTLE SECRETARY 0 293724 0 0 0 0 0 27561 0 33573 0 354858 0 0 CHRISTINA DIGGS DIRECTOR, RESIDENTIAL LIFE 132769 0 0 0 0 0 10871 0 33573 0 177213 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, THEY HAVE NOT REDUCED THEIR POLICY TO A WRITTEN POLICY. THE ORGANIZATION IS IN THE PROCESS OF IMPLEMENTING WRITTEN POLICIES AS REQUIRED AND WILL HAVE THE WRITTEN POLICIES IMPLEMENTED BEFORE THE FILING OF THE NEXT FORM 990. 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 730486 FMV FASHION INSTITUTE OF TECHNOLOGY P 525555 FMV