2013-01-15T13:49:31-06:00 2012-05-31 410746749 CLIFTONLARSONALLEN LLP 1301 W 22ND ST STE 1100 OAK BROOK IL 60523 990 2011-06-01 364446296 IIT STATE STREET CORPORATION NFP IITS 3125675850 3300 S FEDERAL NO 201 CHICAGO IL 606163793 KENNETH JOHNSTON 3125675850 2013-01-13 1 GREGORY S ADAMS P00095559 6305738600 2011 2016-02-25 16:41:14Z KENNETH JOHNSTON 3300 S FEDERAL NO 201 CHICAGO IL 606163793 3033279 0 X NONE X 2001 IL PROVIDE HOUSING FOR EDUCATIONAL INSTITUTION STUDENTS. 5 3 0 0 0 0 0 0 2948079 3010761 8987 22518 0 0 2957066 3033279 0 0 0 0 0 0 0 0 0 2687307 2836311 2687307 2836311 269759 196968 26224667 26421635 27095000 27095000 -870333 -673365 PROVIDE HOUSING FOR EDUCATIONAL INSTITUTION STUDENTS. 0 0 2836311 3010761 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 367 BEDS). THE PROPERTY'S AVERAGE OCCUPANCY WAS APPROXIMATELY 88% FOR THE YEAR ENDED MAY 31, 2012. 2836311 1 0 0 0 0 0 0 0 0 0 1 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 0 0 0 0 0 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 X KENNETH JOHNSTON 3125675850 3300 S FEDERAL STREET CHICAGO IL 60616 X JOHN P COLLINS 2.00 X 0 0 0 ALAN W CRAMB 1.00 X 0 0 0 ROBERT D HOEL 1.00 X 0 0 0 ROBERT B FOOTLIK 1.00 X 0 0 0 CHARLES T MENGHINI 1.00 X 0 0 0 KEN JOHNSTON 4.00 X 0 0 0 ANTHONY D'AMATO 2.00 X 0 0 0 TERRY FRIGO 2.00 X 0 0 0 0 0 0 0 0 0 0 ILLINOIS INSTITUTE OF TECHNOLOGY 3300 S FEDERAL STREET CHICAGO IL 60616 UTILITIES/MAINTENANCE 369000 ABM JANITORIAL MIDWEST INC 75 REMITTANCE DRIVE SUITE 311 CHICAGO IL 60675 JANITORIAL SERVICES 212865 BULLEY & ANDREWS UJAMAA CONSTRUCTION 1755 W ARMITAGE AVENUE CHICAGO IL 60622 CONSTRUCTION SERVICES 157670 CBORD GROUP INCORPORATED 61 BROWN ROAD ITHACA NY 14850 CONSTRUCTION SERVICES 152005 WE O'NEIL CONSTRUCTION COMPANY 2751 NORTH CLYBORN AVENUE CHICAGO IL 60614 CONSTRUCTION SERVICES 133862 5 ROOM RENTAL 531190 3010761 3010761 3010761 22518 22518 3033279 3010761 0 22518 568900 568900 369000 369000 396539 396539 982724 982724 EQUIPMENT RENTAL AND MA 418851 418851 SUPPLIES 95400 95400 TELEPHONE 4897 4897 2836311 2836311 0 0 37869 772690 1083987 1702298 1298572 650109 30617199 7789105 23314264 22828094 489975 468444 26224667 26421635 27095000 27095000 27095000 27095000 X -870333 -673365 -870333 -673365 26224667 26421635 196968 0 X X 0 1 1 X 0 X 2770912 2927962 3003742 2948079 3010761 14661456 2770912 2927962 3003742 2948079 3010761 14661456 0 0 0 14661456 8987 22518 31505 8987 22518 31505 2770912 2927962 3003742 2957066 3033279 14692961 0.99790 0.99940 0.00210 0.00060 X 26687203 5834247 20852956 1429752 448887 980865 1559795 1300250 259545 940449 205721 734728 22828094 3033279 2836311 196968 196968 3033279 0 3033279 0 3033279 2836311 0 2836311 0 2836311 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE CORPORATION HAS ADOPTED THE REQUIREMENTS FOR ACCOUNTING FOR UNCERTAIN TAX POSITIONS. THE CORPORATION DETERMINED THAT IT WAS NOT REQUIRED TO RECORD A LIABILITY RELATED TO UNCERTAIN TAX POSITIONS AS A RESULT OF IMPLEMENTING THE NEW REQUIREMENTS. THE FEDERAL AND STATE TAX RETURNS OF THE CORPORATION FOR 2008, 2009, AND 2010 ARE SUBJECT TO EXAMINATION BY THE IRS AND STATE TAXING AUTHORITIES, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. 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 11 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 A QUESTIONNAIRE IS DISTRIBUTED YEARLY TO THE BOARD OF DIRECTORS THAT REQUIRES BOARD MEMBERS TO DISCLOSE ANY CONFLICTS OF INTEREST. 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 XII, LINE 2C THERE WERE NO CHANGES TO THE OVERSIGHT OF THE FINANCIAL STATEMENT AUDIT OR THE SELECTION PROCESS USED TO SELECT AN INDEPENDENT ACCOUNTANT DURING THE TAX YEAR. FORM 990, PART VI, SECTION B, LINES 13-15 AS CLARIFICATION, THE IIT STATE STREET CORPORATION NOTES THAT IT ANSWERED NO TO THESE QUESTION BECAUSE IT NEITHER HAS EMPLOYEES OF ITS OWN NOR RESPONSIBILITY FOR THE COLLECTION OF FEES, PAYMENTS OF OPERATIONAL EXPENSES AND PERFORMANCE OF OTHER MANAGEMENT OBLIGATIONS, ALL OF WHICH CONTRACTUALLY RESTS WITH ILLINOIS INSTITUTE OF TECHNOLOGY. ILLINOIS INSTITUTE OF TECHNOLOGY DOES HAVE SUCH POLICIES AND PROCEDURES, AND IT FOLLOWS THEM WHEN RENDERING SERVICES TO THE IIT STATE STREET CORPORATION.