2017-12-15T16:23:57-06:00 2017-06-30 KPMG LLP 345 Park Avenue New York NY 101540102 990 2016-07-01 133263493 FIT STUDENT HOUSING CORPORATION % SHELCI J GRAHAM FITS 2122173603 227 WEST 27TH STREET NEW YORK NY 10001 SHERRY BRABHAM TREASURER 2122173617 2017-11-30 MARY-EVELYN ANTONETTI P00431862 2127589700 2017-11-30 167.68.102.5 13407320173495000091 2017-12-15 P 13DC49EE99BE1E68D8F422D2C3382CFF6E8F3AB9 13DC49EE99BE1E68D8F422D2C3382CFF6E8F3AB9 2016 2018-03-14 21:41:22Z DR JOYCE F BROWN 227 WEST 27TH STREET NEW YORK NY 10001 34764990 false X WWW.FITNYC.EDU X 1982 NY TO PROVIDE MANAGEMENT SERVICES AND OPERATION OF DORMITORY FACILITIES FOR STUDENTS OF FIT. 16 16 150 0 0 0 0 34792398 34307935 288173 414246 65650 42809 35146221 34764990 0 0 0 0 2581905 2478594 0 0 0 26737369 29962323 29319274 32440917 5826947 2324073 180802744 179376585 141790250 138037837 39012494 41338748 TO OWN AND OPERATE DORMITORY FACILITIES FOR THE FASHION INSTITUTE OF TECHNOLOGY. false false 30322244 0 34350744 FIT STUDENT HOUSING CORPORATION OPERATES AND MANAGES THE DORMITORY FACILITIES FOR THE FASHION INSTITUTE OF TECHNOLOGY. 30322244 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 3 0 150 true false false false false false false false false false false X 16 16 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 AMSALE ABERRA TRUSTEE 1.0 2.0 X 0 0 0 RICHARD A ANDERMAN TRUSTEE 1.0 2.0 X 0 0 0 JAY H BAKER TRUSTEE 1.0 2.0 X 0 0 0 ROBIN BURNS-MCNEILL VICE CHAIR 1.0 3.0 X X 0 0 0 JUDITH I BYRD TRUSTEE 1.0 2.0 X 0 0 0 EDWIN A GOODMAN 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 GEORGE S KAUFMAN TRUSTEE 1.0 2.0 X 0 0 0 SCOTT GIRVAN STUDENT TRUSTEE (ENDED 6/2017) 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 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 DR JOYCE F BROWN PRESIDENT 5.0 30.0 X 0 479878 156123 SHERRY BRABHAM TREASURER 5.0 30.0 X 0 381644 51439 STEPHEN TUTTLE SECRETARY 5.0 30.0 X 0 348561 68816 ANN MARIE GRAPPO END 102016 DIRECTOR RESIDENTIAL LIFE 35.0 0.0 X 121713 0 77014 121713 1210083 353392 1 false true false AMERN BLDG MAINTENANCE 551 FIFTH AVENUE STE 300 NEW YORK NY 10176 BUILDING MAINTENANCE 3119634 ARAMARK CORP 27310 NETWORK PLACE CHICAGO IL 606731273 FOOD SERVICES 2860250 VANGUARD CONSTRUCTION DEVELOPMENT 307 WEST 38TH STREET 7TH FLOOR NEW YORK NY 10038 CONSULTING 1912305 ANDREWS INTERNATIONAL PO BOX 935461 ATLANTA GA 31193 SECURITY SERVICES 1745579 EJ ELECTRIC INSTALLATION CO 46-41 VERNON BLVD LONG ISLAND CITY NY 10016 ELECTRICAL SERVICES 1718356 6 0 STUDENT RENTALS & FEES 721000 30081614 30081614 MEAL PLAN INCOME 721000 2793190 2793190 FIT RENTALS 721000 1129078 1129078 FOOD SERVICE REVENUE 900099 218610 218610 LAUNDRY INCOME 721000 85443 85443 34307935 414246 414246 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 OVERNIGHT FEES 900099 23461 23461 DORM DAMAGE FEES 812300 15952 15952 OTHER INCOME 900099 3396 3396 42809 34764990 34350744 414246 0 0 0 0 237867 237867 0 1515609 1515609 95341 81993 13348 531411 457013 74398 98366 84595 13771 714912 714912 0 35035 35035 0 0 0 550190 550190 69113 69113 473131 399970 73161 208989 208989 0 11314439 11314439 0 0 140196 140196 0 0 7467255 7467255 334236 334236 CONTRACT LABOR 3847163 3847163 FOOD CONTRACT 2837143 2837143 SECURITY 1967879 1967879 COPYRIGHT/LICENSE FEES 2591 2591 51 51 32440917 30322244 2118673 0 25659711 24915600 0 0 0 0 8705 10356 0 0 0 0 0 0 0 0 493234 235152 218666417 88073893 130552034 130592524 0 0 0 0 0 0 0 0 24089060 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false false false false DR JOYCE F BROWN PRESIDENT 0 449044 0 0 0 30834 0 49584 0 106539 0 636001 0 0 SHERRY BRABHAM TREASURER 0 381644 0 0 0 0 0 26500 0 24939 0 433083 0 0 STEPHEN TUTTLE SECRETARY 0 348561 0 0 0 0 0 43877 0 24939 0 417377 0 0 ANN MARIE GRAPPO END 102016 DIRECTOR RESIDENTIAL LIFE 121713 0 0 0 0 0 17819 0 59195 0 198727 0 0 0 SCHEDULE J, PART I, LINE 1 MS. GRAPPO, AS MANAGEMENT EMPLOYEE OF THE STUDENT HOUSING CORPORATION, IS REQUIRED TO LIVE ON CAMPUS TO PROVIDE IMMEDIATE MANAGEMENT OVERSIGHT IF AND WHEN NECESSARY. THEREFORE, THE EMPLOYEE RESIDES IN AN INDIVIDUAL APARTMENT IN THE DORMITORIES. THE VALUE OF THE HOUSING IS INCLUDED AS A NONTAXABLE BENEFIT IN SCHEDULE J, PART II, COLUMN (D). SCHEDULE J, PART I, LINE 3 FASHION INSTITUTE OF TECHNOLOGY 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 false false false A 0 0 125674189 16710370 0 0 1269892 714164 0 0 106979763 0 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 REBUTE DUE THE LAST 5 YEAR CALCULATION FOR THE 2007 BOND WAS 6/28/2017. 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 AND DO NOT 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. 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. FIT STUDENT FACULTY CORPORATION 227 WEST 27TH ST NEW YORK NY 10001 131913988 EDU. SERVICES NY 501(C)(3) 9 FIT false 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 8280564 ACCRUAL FASHION INSTITUTE OF TECHNOLOGY M 714912 ACCRUAL FASHION INSTITUTE OF TECHNOLOGY P 334236 ACCRUAL