2019-02-20T09:45:26-06:00 2018-05-16 410746749 CLIFTONLARSONALLEN LLP 1301 W 22ND ST STE 1100 OAK BROOK IL 60523 990 2017-06-01 364446296 IIT STATE STREET CORPORATION NFP IITS 3125673334 3424 S STATE STREET CHICAGO IL 60616 ALI BALDWIN TREASURER 3125673334 2019-02-13 1 JAMES R THOMAS P00095586 6305738600 2019-02-13 67.137.57.251 2019-02-13 15:59:22 CS P 50B5ED40640626E3ACEBEF22A0FBEFD7F66F664C D73DD419434AD86791BAD4D174710EE2F5735302 2017 2019-02-21 02:37:17Z X ALI BALDWIN 3424 S STATE STREET CHICAGO IL 60616 20757470 0 X NONE X 2001 IL PROVIDE HOUSING FOR EDUCATIONAL INSTITUTION STUDENTS. X 5 3 0 0 0 0 0 0 2911317 2816085 53614 -1685485 0 0 2964931 1130600 0 0 0 0 0 0 0 0 0 2782866 3340608 2782866 3340608 182065 -2210008 27409219 0 25199211 0 2210008 0 PROVIDE HOUSING FOR EDUCATIONAL INSTITUTION STUDENTS. 0 0 2704855 2816085 THE COMPANY PROVIDES STUDENT HOUSING FOR AN EDUCATIONAL INSTITUTION, ILLINOIS INSTITUTE OF TECHNOLOGY. THE CORPORATION CONSTRUCTED THREE FIVE-STORY BUILDINGS CONTAINING 114 RESIDENTIAL UNITS (ACCOMMODATING 354 BEDS). THE PROPERTY'S AVERAGE NOMINAL OCCUPANCY WAS APPROXIMATELY 70% FOR THE YEAR ENDED MAY 31, 2018. 2704855 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 3 0 1 0 0 0 1 0 1 1 0 0 1 1 1 1 0 0 0 0 0 IL X ALI BALDWIN 3125673334 3424 S STATE STREET TC ROOM 4A2-2 CHICAGO IL 60616 X BRUCE WATTS BOARD CHAIR 2.00 X 0 0 0 ROBERT D HOEL DIRECTOR 1.00 X 0 0 0 ROBERT B FOOTLICK DIRECTOR 1.00 X 0 0 0 CHARLES T MENGHINI DIRECTOR 1.00 X 0 0 0 FRANCES BRONET DIRECTOR - UNTIL 10/16/2017 1.00 X 0 0 0 MICHAEL HORAN DIRECTOR - AS OF 10/16/2017 1.00 X 0 0 0 ANTHONY D'AMATO SECRETARY/GENERAL COUNSEL 2.00 X 0 0 0 KATHRINE STETZ PRESIDENT 2.00 X 0 0 0 ALI BALDWIN TREASURER 4.00 X 0 0 0 0 0 0 0 0 0 0 ILLINOIS INSTITUTE OF TECHNOLOGY 3424 S STATE STREET CHICAGO IL 60616 UTILITIES/MAINTENANCE 711746 EXCLUSIVE CONSTRUCTION SERVICE 234 N FAIRFIELD AVENUE CHICAGO IL 60612 CONSTRUCTION 138840 BURNS MECHANICAL INC 504 TALCOTT AVENUE LEMONT IL 60622 MAINTENANCE SERVICES 133590 MIDWAY BUILDING SERVICES 1915 W HUBBARD STREET CHICAGO IL 60622 JANITORIAL SERVICES 127800 4 ROOM RENTAL 531190 2816085 2816085 2816085 41385 41385 17900000 19626870 -1726870 -1726870 -1726870 1130600 1089215 0 41385 X 26920 26920 434041 434041 277119 277119 595060 595060 973043 973043 LOSS ON EXTINGUISHMENT 341052 341052 EQUIPMENT RENTAL AND MA 324900 324900 TRANSFER OF NET ASSETS 240576 240576 SUPPLIES 62951 62951 64946 10821 54125 3340608 2704855 635753 0 1111282 0 5673004 0 0 559373 0 0 0 0 0 0 0 20065560 0 0 0 0 0 0 27409219 0 25199211 25199211 0 X 2210008 0 2210008 0 27409219 0 -2210008 0 X X 0 1 X 1 0 X 3342374 3596149 3166216 2911317 2816085 15832141 3342374 3596149 3166216 2911317 2816085 15832141 0 0 0 15832141 30167 21145 37922 53614 41385 184233 30167 21145 37922 53614 41385 184233 3372541 3617294 3204138 2964931 2857470 16016374 0.98850 0.98990 0.01150 0.01010 X PART II, LINE 14 THE CURRENT YEAR TAX YEAR FOR IIT STATE STREET CORPORATION, NFP WAS A SHORT YEAR. PER THE ENTITY'S ARTICLES OF DISSOLUTION, AS A RESULT OF THE SALE OF THE RESIDENCE HALL BUILDING, THE ENTITY WOULD BE DISSOLVED UPON AS OF THE DATE THAT THE ARTICLES OF DISSOLUTION IS LAST SIGNED BY A DIRECTOR WHICH WAS MAY 16, 2018. 0 X 2857470 0 2857470 -1726870 -1726870 1130600 5067478 1726870 1726870 3340608 0 3340608 PART X, LINE 2: THE CORPORATION FOLLOWS THE REQUIREMENTS FOR ACCOUNTING FOR UNCERTAIN TAX POSITIONS. THE CORPORATION DETERMINED THAT IT WAS NOT REQUIRED TO RECORD A LIABILITY RELATED TO UNCERTAIN POSITIONS. PART XI, LINE 4B - OTHER ADJUSTMENTS: LOSS ON SALE OF PROPERTY -1,726,870. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON SALE OF PROPERTY 1,726,870. BRUCE WATTS AND MICHAEL HORAN DIRECTORS FOR ORGANIZATION AND MANAGEMENT FOR RECIPIENT ORGANIZATION 17900000 SALE OF STATE STREET VILLAGE RESIDENCE HALL TO ILLINOIS INSTITUTE OF TECHNOLOGY, A RELATED PARTY ORGANIZATION. 0 CASH 2018-05-16 240576 DISCOUNTED CASH FLOWS 362170136 ILLINOIS INSTITUTE OF TECHNOLOGY 10 W 35TH STREET CHICAGO IL 60616 501(C)(3) STATE STREET VILLAGE RESIDENCE HALL 2018-05-07 19626870 ACTUAL COST 362170136 ILLINOIS INSTITUTE OF TECHNOLOGY 10 W 35TH STREET CHICAGO IL 60616 501(C)(3) 0 0 0 0 1 1 1 1 0 FORM 990, PART VI, SECTION A, LINE 3 THE IIT STATE STREET CORPORATION, NFP ENTERED INTO A MANAGEMENT AGREEMENT WITH ILLINOIS INSTITUTE OF TECHNOLOGY BY WHICH THE LATTER IS RESPONSIBLE FOR THE COLLECTION OF ALL FEES, PAYMENT OF OPERATING EXPENSES, AND PERFORMANCE OF CERTAIN MANAGEMENT OBLIGATIONS, AS DEFINED IN THE AGREEMENT. FORM 990, PART VI, SECTION A, LINE 7A ILLINOIS INSTITUTE OF TECHNOLOGY, HAS THE RIGHT TO NOMINATE TWO DIRECTORS TO THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS REVIEWED EACH YEAR BY THE BOARD OF DIRECTORS PRIOR TO FILING. THE ACCOUNTING FIRM WHICH PREPARES THAT RETURN IS AVAILABLE TO DISCUSS THE RETURN WITH THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C AT THE TIME OF ITS DISSOLUTION AND FOR MANY YEARS PRIOR, THE CORPORATION HAD A WRITTEN CONFLICT OF INTEREST POLICY THAT REQUIRED OFFICERS, DIRECTORS, OR TRUSTEES, AND KEY EMPLOYEES TO DISCLOSE ANNUALLY INTERESTS THAT COULD GIVE RISE TO CONFLICTS. COMPLIANCE WITH THIS POLICY WAS MONITORED BY THE TREASURER, SECRETARY AND CHAIR OF THE BOARD. PURSUANT TO THE CORPORATION'S REGULAR PRACTICE, DISCLOSURES WERE GENERALLY REQUIRED TO BE SUBMITTED IN OCTOBER OF EACH YEAR. AS THE CORPORATION WAS DISSOLVED IN MAY 2018, DISCLOSURES WERE NOT MADE FOR THE FISCAL YEAR COVERED IN THIS FORM 990, THOUGH THE CORPORATION RECEIVED ALL SUCH DISCLOSURES FOR PRIOR FISCAL YEARS. FORM 990, PART VI, SECTION C, LINE 19 THE IIT STATE STREET CORPORATION, NFP MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G CONTRACTED SERVICES: PROGRAM SERVICE EXPENSES 349,072. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 349,072. OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 84,969. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 84,969. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.