2021-05-03T15:39:32-05:00 2020-06-30 KPMG LLP 345 Park Avenue New York NY 101540102 990 2019-07-01 133263493 FIT STUDENT HOUSING CORPORATION % SHELCI J GRAHAM FITS 2122173603 227 WEST 27TH STREET NEW YORK NY 10001 SHERRY BRABHAM TREASURER 2122173617 2021-04-28 true DAVID M HIGHFILL P01517891 2127589700 2021-04-28 2019 2022-09-23 18:48:47Z DR JOYCE F BROWN 227 WEST 27TH STREET NEW YORK NY 10001 55139578 false X WWW.FITNYC.EDU X 1982 NY TO PROVIDE MANAGEMENT SERVICES AND OPERATION OF DORMITORY FACILITIES FOR STUDENTS OF FIT. 14 14 81 14 0 0 0 0 34315128 28161241 571925 520973 0 0 34887053 28682214 0 0 0 0 1836720 2073119 0 0 0 31523275 30942646 33359995 33015765 1527058 -4333551 173401024 160932136 127377794 119237834 46023230 41694302 TO OWN AND OPERATE DORMITORY FACILITIES FOR THE FASHION INSTITUTE OF TECHNOLOGY. false false 30435532 28161241 FIT STUDENT HOUSING CORPORATION OPERATES AND MANAGES THE DORMITORY FACILITIES FOR THE FASHION INSTITUTE OF TECHNOLOGY. 30435532 true false false false false false false false false false true false false true true false true false 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 false true false true 5 0 81 true false false false false false false false false false false false false X 14 14 false false false false false false false true true false false true true true true true true false false false NY X SHELCI J GRAHAM 2122173617 227 WEST 27TH STREET NEW YORK NY 10001 X DR JOYCE F BROWN PRESIDENT 5.0 30.0 X 0 592013 159170 SHERRY BRABHAM TREASURER 5.0 30.0 X 0 297869 71048 STEPHEN TUTTLE SECRETARY 3.0 30.0 X 0 288419 60987 CHRISTINA DIGGS DIRECTOR, RESIDENTIAL LIFE 5.0 30.0 X 130811 0 42749 GABRIELLE ARTHURTON-CRUMB ASSISTANT DIRECTOR, RESIDENTAL 5.0 30.0 X 116789 0 47497 JEFFERY MANNING ASSISTANT DIRECTOR, RESIDENTAL 5.0 30.0 X 126377 0 23168 RICHARD A ANDERMAN TRUSTEE 1.0 2.0 X 0 0 0 ROBIN BURNS-MCNEILL VICE CHAIR 1.0 3.0 X 0 0 0 JUDITH I BYRD TRUSTEE 1.0 2.0 X 0 0 0 YAZ HERNANDEZ TRUSTEE 1.0 2.0 X 0 0 0 JOAN B HORNIG TRUSTEE 1.0 2.0 X 0 0 0 SALLIE HAS STUDENT TRUSTEE 1.0 2.0 X 0 0 0 JAQUI LIVIDINI TRUSTEE 1.0 2.0 X 0 0 0 BEVERLY S MACK TRUSTEE 1.0 2.0 X 0 0 0 ELIZABETH T PEEK CHAIR 1.0 3.0 X 0 0 0 DEIRDRE QUINN TRUSTEE 1.0 2.0 X 0 0 0 ROBERT SAVAGE TRUSTEE 1.0 2.0 X 0 0 0 SALLY SINGER TRUSTEE 1.0 2.0 X 0 0 0 Gabrielle Fialkoff TRUSTEE (START 7/2019) 1.0 2.0 X 0 0 0 Mona Aboeglnaga Kanaan Trustee (START 7/2019) 1.0 2.0 X 0 0 0 373977 1178301 404619 3 false true false UG2 16 HUNGTINGTON AVENUE 12TH FLOOR BOSTON MA 02116 BUILDING MAINTENANCE 4469689 ARAMARK CORP 27310 NETWORK PLACE CHICAGO IL 606731273 FOOD SERVICE 4134532 ALLIED UNIVERSAL SECURITY SERV PO BOX 828854 PHILADELPHIA PA 191828854 SECURITY SERVICES 2186873 AMERICAN BUILDING MAINTENANCE PO BOX 951864 DALLAS TX 753951864 BUILDING MAINTENANCE 1373334 DEPT OF CITYWIDE ADMIN SVCS 1 CENTRE STREET NEW YORK NY 10007 ELECTRIC - UTILITIES 838839 5 0 STUDENT RENTALS & FEES 721000 23919554 23919554 MEAL PLAN INCOME 721000 3169775 3169775 FIT RENTALS 721000 983284 983284 LAUNDRY INCOME 721000 79146 79146 OTHER PROGRAM REVENUE 900099 9482 9482 28161241 568409 568409 0 0 0 0 0 26409928 26457364 -47436 -47436 -47436 0 0 0 0 0 0 0 0 0 0 28682214 28161241 0 520973 0 0 0 0 0 0 1342125 1105492 236633 97844 80593 17251 537916 443075 94841 95234 78443 16791 795612 795612 0 37710 37710 0 0 0 921743 921743 19978 19978 679430 618955 60475 247351 247351 0 10559333 10559333 0 0 221733 221733 0 0 8137264 8137264 379199 379199 CONTRACT LABOR 4096343 4096343 FOOD CONTRACT 3180923 3180923 SECURITY 1805301 1805301 AMORTIZATION-BOND PREMIUM -139274 -139274 33015765 30435532 2580233 0 X 24450060 17545856 0 0 0 0 3626 1002961 0 0 0 0 0 0 0 0 109075 216059 231596222 112144110 125719802 119452112 0 0 0 0 0 0 0 0 23118461 22715148 173401024 160932136 4709716 2276982 0 0 977657 14664 111208438 106397541 0 0 0 0 0 0 0 0 10481983 10548647 127377794 119237834 X 21086573 16217747 24936657 25476555 46023230 41694302 173401024 160932136 -4333551 4623 X false true X true false X 0 0 0 0 0 0 34858048 34350744 34190862 34315128 28161241 165876023 0 0 0 34858048 34350744 34190862 34315128 28161241 165876023 0 0 0 165876023 288173 414246 497931 558170 568409 2326929 0 288173 414246 497931 558170 568409 2326929 0 0 35146221 34764990 34688793 34873298 28729650 168202952 0.98617 0.98917 0.01383 0.01083 X 12408700 12408700 62341610 35974798 26366812 144933987 64476307 80457680 11911925 11693005 218920 119452112 HELD BY BOND TRUSTEE (DASNY) 16795708 DEFERRED AMOUNT ON REFUNDING 5224049 PREPAID BOND INSURANCE 468668 DEFERRED AMOUNT (OPEB) 226723 22715148 0 AFFILIATE LOAN PAYABLE (FIT) 7683923 BOND INTEREST PAYABLE 2592319 DEFERRED AMOUNT (OPEB) 272405 10548647 28686837 4623 4623 28682214 28682214 33015765 33015765 33015765 N/A false true false false false false false false false DR JOYCE F BROWN PRESIDENT 0 557355 0 0 0 34658 0 45492 0 113678 0 751183 0 0 SHERRY BRABHAM TREASURER 0 297869 0 0 0 0 0 38970 0 32078 0 368917 0 0 STEPHEN TUTTLE SECRETARY 0 288419 0 0 0 0 0 28909 0 32078 0 349406 0 0 CHRISTINA DIGGS DIRECTOR, RESIDENTIAL LIFE 130811 0 0 0 0 0 10671 0 32078 0 173560 0 0 0 GABRIELLE ARTHURTON-CRUMB ASSISTANT DIRECTOR, RESIDENTAL 116789 0 0 0 0 0 15419 0 32078 0 164286 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, 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 $25,830 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 false false false A 7915000 0 125674189 0 0 0 1269892 714164 0 0 123690133 0 2007 false true true true A false false true true false 0 false false false false A false false false true false false 0 false 0 false false A false SCHEDULE K, PART IV, LINE 2C NO REBATE DUE THE LAST 5 YEAR CALCULATION FOR THE 2007 BONDS WAS 6/28/2017 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 REVIEW FORM 990, PART VI, SECTION B, LINE 11B: 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. CONFLICTS OF INTEREST 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 FIT'S CONTROLLER. APPROPRIATE ACTION IS TAKEN BASED ON THE NATURE OF THE CONFLICT, IF ANY ARE IDENTIFIED. DOCUMENT DISCLOSURE 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. FASHION INSTITUTE OF TECHNOLOGY 227 WEST 27TH ST NEW YORK NY 10001 132556338 EDUCATION NY N/A NA false false false false false true false false false false false false true false false true false false false FASHION INSTITUTE OF TECHNOLOGY E 7484123 ACCRUAL FASHION INSTITUTE OF TECHNOLOGY M 795612 ACCRUAL FASHION INSTITUTE OF TECHNOLOGY P 379199 ACCRUAL