2014-04-15T13:29:57-05:00 2013-11-30 KPMG LLP 345 Park Avenue New York NY 101540102 990 2013-07-01 132837903 FIT STAFF HOUSING CO INC % JOHN J JOHNSTON FITS 2122173603 227 WEST 27TH STREET Suite NEW YORK NY 10001 SHERRY BRABHAM TREASURER 2122174020 2014-03-31 2127589700 2013 2015-11-30 17:44:51Z X DR JOYCE F BROWN 227 WEST 27TH STREET NEW YORK NY 10001 3226469 false X WWW.FITNYC.EDU X 1972 NY TO PROVIDE MANAGEMENT SERVICES AND OPERATION OF DORMITORY FACILITIES FOR FIT X 16 16 0 0 0 0 0 0 5773440 3219208 14048 4316 17224 2945 5804712 3226469 0 0 0 0 0 0 0 0 0 4936364 2087195 4936364 2087195 868348 1139274 5248967 0 1532458 0 3716509 0 X TO OWN AND OPERATE DORMITORY FACILITIES FOR THE FASHION INSTITUTE OF TECHNOLOGY. false true 1874831 3222153 OPERATION AND MANAGEMENT OF DORMITORY FACILITIES FOR THE FASHION INSTITUTE OF TECHNOLOGY. FIT STAFF HOUSING CO., INC. DISSOLVED ON NOVEMBER 30, 2013. 1874831 true false false false false false false false false false false false false false false false true false false false false false false false false false false false false true false false false false false false false false false false true false false true false true false true 0 0 0 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 JOHN J JOHNSTON 2122173602 236 WEST 27TH STREET 5TH FL NEW YORK NY 10001 X 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 3.0 X 0 0 0 ROBIN BURNS-MCNEILL VICE CHAIR 1.0 2.0 X X 0 0 0 JUDITH I BYRD TRUSTEE 1.0 2.0 X 0 0 0 SALLY SINGER 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 DAVID HAMILTON 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 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 DR JOYCE F BROWN PRESIDENT 5.0 35.0 X 0 310273 135577 SHERRY BRABHAM TREASURER 5.0 35.0 X 0 235338 41601 STEPHEN TUTTLE SECRETARY 5.0 35.0 X 0 220608 48577 ANN MARIE GRAPPO DIRECTOR, RESIDENTIAL LIFE 20.0 20.0 X 0 125067 73412 JOSEPH GASCHEN ASST DIRECTOR RESIDENCE LIFE 20.0 20.0 X 0 98335 69808 0 989621 368975 0 false true false ARAMARK CORP 1101 MARKET STREET PHILADELPHIA PA 19107 FOOD SERVICES 557754 AMERICAN BUILDING MAINTENANCE 551 FIFTH AVENUE SUITE 300 NEW YORK NY 10176 JANITORIAL SERVICES 144408 2 0 DORMITORY FEES 721000 2318660 2318660 MEAL PLAN INCOME 721000 738854 738854 FOOD SERVICE REVENUE 900099 43597 43597 LAUNDRY INCOME 721000 9896 9896 DORM APPLICATION FEES 721000 108201 108201 3219208 4316 0 4316 0 0 0 0 0 0 0 0 0 DORM DAMAGE FEES 721000 2245 2245 OTHER INCOME 900099 700 700 2945 3226469 3222153 0 4316 0 0 0 0 0 0 0 0 0 0 39165 39165 0 5600 5600 0 0 0 17143 17143 0 3080 914 2166 56080 56080 0 429280 429280 0 0 389 389 0 0 333491 333491 40440 40440 0 FOOD CONTRACTS 610284 610284 CONTRACT LABOR 202797 202797 ALLOC. PAYROLL/FRINGES 267766 224453 43313 SECURITY 81680 81680 2087195 1874831 212364 0 350 0 0 0 0 0 2448 0 0 0 0 0 0 0 0 0 2937 0 0 0 5234727 0 0 0 0 0 0 0 0 0 8505 0 5248967 0 519984 0 0 0 69804 0 0 0 0 0 0 0 0 0 0 0 942670 0 1532458 0 X 3716509 0 0 0 0 0 3716509 0 5248967 0 X 1139274 -4855783 X false true X true false X X X false false false FIT 132556338 0 true true true 1874831 1 1874831 3226469 3226469 3226469 2087195 2087195 2087195 false false false false false false false false false DR JOYCE F BROWN PRESIDENT 0 291923 0 0 0 18350 0 32862 0 102715 0 445850 0 0 SHERRY BRABHAM TREASURER 0 235338 0 0 0 0 0 20486 0 21115 0 276939 0 0 STEPHEN TUTTLE SECRETARY 0 220608 0 0 0 0 0 27527 0 21050 0 269185 0 0 ANN MARIE GRAPPO DIRECTOR, RESIDENTIAL LIFE 0 125067 0 0 0 0 0 19336 0 54076 0 198479 0 0 JOSEPH GASCHEN ASST DIRECTOR RESIDENCE LIFE 0 98335 0 0 0 0 0 15732 0 54076 0 168143 0 0 SEE PART III 2013-11-30 4855783 BOOK VALUE 133263493 FIT STUDENT HOUSING CORPORATION 227 WEST 27TH STREET NEW YORK NY 10001 501(C)(3) false false false false true true true true false PART I, LINE 1, COLUMN A THE ASSETS DISTRIBUTED BY FIT STAFF HOUSING CO., INC. ARE AS FOLLOWS: LAND, THE DORMITORY BUILDING, AND THE BUILDING'S FURNISHINGS AND EQUIPMENT, SUBJECT TO UNPAID LIABILITIES. FORM 990, PART III, LINE 3 IN MAY 2012, THE FIT STAFF HOUSING CORPORATION, INC.'S (THE CORPORATION) BOARD OF DIRECTORS APPROVED THE VOLUNTARY DISPOSITION AND DISTRIBUTION OF ALL ASSETS AND LIABILITIES TO FIT STUDENT HOUSING CORPORATION (STUDENT HOUSING), A RELATED COMPONENT UNIT OF THE FASHION INSTITUTE OF TECHNOLOGY. IN AUGUST 2013, THE ATTORNEY GENERAL FOR THE STATE OF NEW YORK ENTERED A NO OBJECTION MOTION TO THE SUPREME COURT OF THE STATE OF NEW YORK. THE SUPREME COURT APPROVED AND ENTERED THE ORDER APPROVING PLAN OF DISSOLUTION AND DISTRIBUTION OF ASSETS ON SEPTEMBER 20, 2013. CONSISTENT WITH THE PLAN OF DISSOLUTION, ALL ASSETS AND LIABILITIES OF THE CORPORATION WERE TRANSFERRED TO STUDENT HOUSING AS OF NOVEMBER 30, 2013. FORM 990, PART VI, SECTION B, LINE 11A 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 RESPONSE. 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. 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. FORM 990, PART VII, LINES 17-21 Compensation reported was earned in the eleven month period January 1, 2013 through November 30, 2013. FORM 990, PART XI, LINE 9 ASSET DISTRIBUTION TO FIT STUDENT HOUSING CORP, INC. ($4,855,783) SEE SCHEDULE N FOR ADDITIONAL INFORMATION. FASHION INSTITUTE OF TECHNOLOGY 227 WEST 27TH ST NEW YORK NY 10001 132556338 EDUCATION NY N/A NA false FIT STUDENT HOUSING CORPORATION 227 WEST 27TH ST NEW YORK NY 10001 133263493 DORMITORY NY 501(C)(3) 9 FIT false FIT STUDENT FACULTY CORPORATION 227 WEST 27TH ST NEW YORK NY 10001 131913988 EDU.SERVICES NY 501(C)(3) 9 FIT false false false false false true false false false false false false false true false true true false false false FASHION INSTITUTE OF TECHNOLOGY M 39165 ACCRUAL FASHION INSTITUTE OF TECHNOLOGY P 40440 ACCRUAL FIT STUDENT HOUSING CORPORATION O 267766 ACCRUAL