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        <NamePerson>BRYAN ALTER</NamePerson>
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        <NamePerson>GLENN PFEIFFER</NamePerson>
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        <NamePerson>AVI ELISHIS</NamePerson>
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        <NamePerson>Mordy Rothberg</NamePerson>
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        <NamePerson>David Kaminetsky</NamePerson>
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      <FeesForServicesAccounting>
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        <ProgramServices>468663</ProgramServices>
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      <InvestmentsOtherSecurities>
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      <InvestmentsProgramRelated>
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      </IntangibleAssets>
      <OtherAssetsTotal>
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      </OtherAssetsTotal>
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        <EOY>1305228</EOY>
      </AccountsPayableAccruedExpenses>
      <DeferredRevenue>
        <BOY>793970</BOY>
        <EOY>1042272</EOY>
      </DeferredRevenue>
      <MortNotesPyblSecuredInvestProp>
        <BOY>9838005</BOY>
        <EOY>9516670</EOY>
      </MortNotesPyblSecuredInvestProp>
      <OtherLiabilities>
        <BOY>475858</BOY>
        <EOY>1145793</EOY>
      </OtherLiabilities>
      <TotalLiabilities>
        <BOY>12411477</BOY>
        <EOY>13009963</EOY>
      </TotalLiabilities>
      <FollowSFAS117>X</FollowSFAS117>
      <UnrestrictedNetAssets>
        <BOY>5181172</BOY>
        <EOY>5261929</EOY>
      </UnrestrictedNetAssets>
      <TemporarilyRestrictedNetAssets>
        <BOY>251333</BOY>
        <EOY>67643</EOY>
      </TemporarilyRestrictedNetAssets>
      <TotalNetAssetsFundBalances>
        <BOY>5432505</BOY>
        <EOY>5329572</EOY>
      </TotalNetAssetsFundBalances>
      <TotalLiabNetAssetsFundBalances>
        <BOY>17843982</BOY>
        <EOY>18339535</EOY>
      </TotalLiabNetAssetsFundBalances>
      <ReconcilationRevenueExpenses>-102933</ReconcilationRevenueExpenses>
      <InfoInScheduleOPartXII>X</InfoInScheduleOPartXII>
      <MethodOfAccountingOther note="modified cash">X</MethodOfAccountingOther>
      <AccountantCompileOrReview>false</AccountantCompileOrReview>
      <FSAudited>true</FSAudited>
      <AuditCommittee>true</AuditCommittee>
      <FinancialStatementSeparate>X</FinancialStatementSeparate>
      <FederalGrantAuditRequired>false</FederalGrantAuditRequired>
      <FederalGrantAuditPerformed>false</FederalGrantAuditPerformed>
    </IRS990>
    <IRS990ScheduleA documentId="IRS990ScheduleA" softwareId="11000144" softwareVersion="2011v1.5">
      <School170b1Aii>X</School170b1Aii>
    </IRS990ScheduleA>
    <IRS990ScheduleB documentId="IRS990ScheduleB" softwareId="11000144" softwareVersion="2011v1.5">
      <ContributorInfo>
        <ContributorNumber>RESTRICTED</ContributorNumber>
        <ContributorNameBusiness>
          <BusinessNameLine1>RESTRICTED</BusinessNameLine1>
        </ContributorNameBusiness>
        <ContributorAddressUS>
          <AddressLine1>RESTRICTED</AddressLine1>
          <AddressLine2>RESTRICTED</AddressLine2>
          <City>RESTRICTED</City>
          <State>RESTRICTED</State>
          <ZIPCode>RESTRICTED</ZIPCode>
        </ContributorAddressUS>
        <AggregateContributions>RESTRICTED</AggregateContributions>
      </ContributorInfo>
    </IRS990ScheduleB>
    <IRS990ScheduleD documentId="IRS990ScheduleD" softwareId="11000144" softwareVersion="2011v1.5">
      <CurrentYear>
        <BeginningOfYearBalance>75843</BeginningOfYearBalance>
        <GrantsOrScholarships>8000</GrantsOrScholarships>
        <EndOfYearBalance>67843</EndOfYearBalance>
      </CurrentYear>
      <CurrentYearMinus1Year>
        <BeginningOfYearBalance>83843</BeginningOfYearBalance>
        <GrantsOrScholarships>8000</GrantsOrScholarships>
        <EndOfYearBalance>75843</EndOfYearBalance>
      </CurrentYearMinus1Year>
      <CurrentYearMinus2Years>
        <BeginningOfYearBalance>91843</BeginningOfYearBalance>
        <GrantsOrScholarships>8000</GrantsOrScholarships>
        <EndOfYearBalance>83843</EndOfYearBalance>
      </CurrentYearMinus2Years>
      <TermEndowmentEOYBalance>1.00000</TermEndowmentEOYBalance>
      <EndowmentsHeldByUnrelatedOrgs>false</EndowmentsHeldByUnrelatedOrgs>
      <EndowmentsHeldByRelatedOrgs>false</EndowmentsHeldByRelatedOrgs>
      <AreRelatedOrgsListedScheduleR>false</AreRelatedOrgsListedScheduleR>
      <Land>
        <OtherCostOrOtherBasis>1259830</OtherCostOrOtherBasis>
        <BookValue>1259830</BookValue>
      </Land>
      <Buildings>
        <OtherCostOrOtherBasis>17038376</OtherCostOrOtherBasis>
        <Depreciation>4675653</Depreciation>
        <BookValue>12362723</BookValue>
      </Buildings>
      <Equipment>
        <OtherCostOrOtherBasis>67669</OtherCostOrOtherBasis>
        <Depreciation>13534</Depreciation>
        <BookValue>54135</BookValue>
      </Equipment>
      <OtherLandBuildings>
        <OtherCostOrOtherBasis>110182</OtherCostOrOtherBasis>
        <Depreciation>22036</Depreciation>
        <BookValue>88146</BookValue>
      </OtherLandBuildings>
      <TotalOfBookValueLandBuildings>13764834</TotalOfBookValueLandBuildings>
      <OtherLiabilities>
        <Description>Interest Rate Swap</Description>
        <Amount>1145793</Amount>
      </OtherLiabilities>
      <TotalOfAmounts>1145793</TotalOfAmounts>
      <TotalRevenue>13849262</TotalRevenue>
      <TotalExpenses>13952195</TotalExpenses>
      <ExcessOrDeficitForYear>-102933</ExcessOrDeficitForYear>
      <ExcessOrDeficitPerFS>-102933</ExcessOrDeficitPerFS>
      <TotRevenueEtcAuditedFinclStmt>12573849</TotRevenueEtcAuditedFinclStmt>
      <RevenueSubtotal>12573849</RevenueSubtotal>
      <OtherRevenuesNotIncluded>1275413</OtherRevenuesNotIncluded>
      <RevenueNotRptdOnFinStmt>1275413</RevenueNotRptdOnFinStmt>
      <TotalRevenuePerForm990>13849262</TotalRevenuePerForm990>
      <TotExpensesEtcAuditedFinclStmt>12676782</TotExpensesEtcAuditedFinclStmt>
      <ExpensesSubtotal>12676782</ExpensesSubtotal>
      <OtherExpensesNotIncluded>1275413</OtherExpensesNotIncluded>
      <ExpensesNotRptdOnFinStmt>1275413</ExpensesNotRptdOnFinStmt>
      <TotalExpensesPerForm990>13952195</TotalExpensesPerForm990>
      <Form990ScheduleDPartXIV>
        <Identifier>Part X</Identifier>
        <ReturnReference>Part X : FIN48 Footnote</ReturnReference>
        <Explanation>RYNJ has determined that there are no material uncertain tax positions that require recognition or disclosure in the financial statements. Periods ending June 30, 2008 and subsequent remain subject to examination by applicable taxing authorities</Explanation>
      </Form990ScheduleDPartXIV>
      <Form990ScheduleDPartXIV>
        <Identifier>Part XIII, Line 4b</Identifier>
        <ReturnReference>Part XIII, Line 4b: Other revenue amounts included on 990 but not included in F/S</ReturnReference>
        <Explanation>Scholarships $1305475 Bad Debts netted on 990 $-30062</Explanation>
      </Form990ScheduleDPartXIV>
      <Form990ScheduleDPartXIV>
        <Identifier>Part XII, Line 4b</Identifier>
        <ReturnReference>Part XII, Line 4b: Other revenue amounts included on 990 but not included in F/S</ReturnReference>
        <Explanation>Scholarships netted on F/S $1305475 Bad debts netted on 990 $-30062</Explanation>
      </Form990ScheduleDPartXIV>
      <Form990ScheduleDPartXIV>
        <Identifier>Part V, Line 4</Identifier>
        <ReturnReference>Part V, Line 4: Intended uses of the endowment fund.</ReturnReference>
        <Explanation>Scholarships</Explanation>
      </Form990ScheduleDPartXIV>
    </IRS990ScheduleD>
    <IRS990ScheduleE documentId="IRS990ScheduleE" softwareId="11000144" softwareVersion="2011v1.5">
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      <PolicyStatementInBrochuresEtc>true</PolicyStatementInBrochuresEtc>
      <PolicyPublViaBroadcastMedia>false</PolicyPublViaBroadcastMedia>
      <MaintRacialCompositionRecords>false</MaintRacialCompositionRecords>
      <MaintScholarshipsRecords>true</MaintScholarshipsRecords>
      <MaintCopiesOfBrochuresEtc>true</MaintCopiesOfBrochuresEtc>
      <MaintCopiesOfAllSolicitations>true</MaintCopiesOfAllSolicitations>
      <DiscriminateRaceStudentsRights>false</DiscriminateRaceStudentsRights>
      <DiscriminateRaceAdmissPolicies>false</DiscriminateRaceAdmissPolicies>
      <DiscriminateRaceEmplmnFaculty>false</DiscriminateRaceEmplmnFaculty>
      <DiscriminateRaceScholarships>false</DiscriminateRaceScholarships>
      <DiscriminateRaceEducPolicies>false</DiscriminateRaceEducPolicies>
      <DiscriminateRaceUseOfFclts>false</DiscriminateRaceUseOfFclts>
      <DiscriminateRaceAthleticProg>false</DiscriminateRaceAthleticProg>
      <DiscriminateRaceOtherActy>false</DiscriminateRaceOtherActy>
      <GovernmentFinancialAidReceived>true</GovernmentFinancialAidReceived>
      <GovernmentFinancialAidRevoked>false</GovernmentFinancialAidRevoked>
      <ComplianceWithRevProc7550>true</ComplianceWithRevProc7550>
      <Form990ScheduleEPartII>
        <Identifier>Schedule E, Line 3 - Racially Nondiscriminatory Policy Publicized</Identifier>
        <Explanation>Available on brochures and Website</Explanation>
      </Form990ScheduleEPartII>
      <Form990ScheduleEPartII>
        <Identifier>Schedule E, Line 6 - Explanation of Aid or Assistance from Governmental Agency</Identifier>
        <Explanation>Money to subsidize lunch</Explanation>
      </Form990ScheduleEPartII>
    </IRS990ScheduleE>
    <IRS990ScheduleG documentId="IRS990ScheduleG" softwareId="11000144" softwareVersion="2011v1.5">
      <MailSolicitations>X</MailSolicitations>
      <EmailSolicitations>X</EmailSolicitations>
      <PhoneSolicitations>X</PhoneSolicitations>
      <InPersonSolicitations>X</InPersonSolicitations>
      <SolicitationOfNonGovtGrants>X</SolicitationOfNonGovtGrants>
      <SolicitationOfGovtGrants>X</SolicitationOfGovtGrants>
      <SpecialFundraisingEvents>X</SpecialFundraisingEvents>
      <AgreementRefFundraising>false</AgreementRefFundraising>
      <EventsInformation>
        <NameOfEvent1>Scrip sales</NameOfEvent1>
        <GrossReceiptsEvent1>1463850</GrossReceiptsEvent1>
        <GrossRevenueEvent1>1463850</GrossRevenueEvent1>
        <OtherDirectExpensesEvent1>1272142</OtherDirectExpensesEvent1>
        <NameOfEvent2>Journal Dinner</NameOfEvent2>
        <GrossReceiptsEvent2>216519</GrossReceiptsEvent2>
        <CharitableContributionsEvent2>186399</CharitableContributionsEvent2>
        <GrossRevenueEvent2>30120</GrossRevenueEvent2>
        <FoodAndBeverageEvent2>20783</FoodAndBeverageEvent2>
        <OtherDirectExpensesEvent2>19690</OtherDirectExpensesEvent2>
        <GrossReceiptsTotal>1680369</GrossReceiptsTotal>
        <CharitableContributionsTotal>186399</CharitableContributionsTotal>
        <GrossRevenueTotalEvents>1493970</GrossRevenueTotalEvents>
        <FoodAndBeverageTotalEvents>20783</FoodAndBeverageTotalEvents>
        <OtherDirectExpensesTotalEvents>1291832</OtherDirectExpensesTotalEvents>
        <DirectExpenseSummaryEvents>1312615</DirectExpenseSummaryEvents>
        <NetIncomeSummary>181355</NetIncomeSummary>
      </EventsInformation>
    </IRS990ScheduleG>
    <IRS990ScheduleI documentId="IRS990ScheduleI" softwareId="11000144" softwareVersion="2011v1.5">
      <NoGrantMoreThan5000>X</NoGrantMoreThan5000>
      <TotalNbrOf501C3AndGovtGrants>0</TotalNbrOf501C3AndGovtGrants>
      <TotalNbrOfOtherOrganizations>0</TotalNbrOfOtherOrganizations>
      <Form990ScheduleIPartIII>
        <TypeOfGrant>Scholarships</TypeOfGrant>
        <NumberOfRecipients>244</NumberOfRecipients>
        <AmountOfCashGrant>1305475</AmountOfCashGrant>
      </Form990ScheduleIPartIII>
    </IRS990ScheduleI>
    <IRS990ScheduleJ documentId="IRS990ScheduleJ" softwareId="11000144" softwareVersion="2011v1.5">
      <SeverancePayment>false</SeverancePayment>
      <SupplementalNonqualRetirePlan>false</SupplementalNonqualRetirePlan>
      <EquityBasedCompArrangement>false</EquityBasedCompArrangement>
      <CompBasedOnRevenueOfFilingOrg>false</CompBasedOnRevenueOfFilingOrg>
      <CompBasedOnRevenueRelatedOrgs>false</CompBasedOnRevenueRelatedOrgs>
      <CompBasedNetEarningsFilingOrg>false</CompBasedNetEarningsFilingOrg>
      <CompBasedNetEarningsRelateOrgs>false</CompBasedNetEarningsRelateOrgs>
      <AnyNonFixedPayments>false</AnyNonFixedPayments>
      <InitialContractException>false</InitialContractException>
      <RebuttablePresumptionProcedure>false</RebuttablePresumptionProcedure>
      <Form990ScheduleJPartII>
        <NamePerson>SHELDON GOLDSTEIN</NamePerson>
        <BaseCompensationFilingOrg>193559</BaseCompensationFilingOrg>
        <DeferredCompRelatedOrgs>2800</DeferredCompRelatedOrgs>
        <NontaxableBenefitsRelatedOrgs>32100</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationFilingOrg>193559</TotalCompensationFilingOrg>
        <TotalCompensationRelatedOrgs>34900</TotalCompensationRelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>David Kaminetsky</NamePerson>
        <BaseCompensationFilingOrg>96041</BaseCompensationFilingOrg>
        <DeferredCompRelatedOrgs>2800</DeferredCompRelatedOrgs>
        <NontaxableBenefitsRelatedOrgs>53364</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationFilingOrg>96041</TotalCompensationFilingOrg>
        <TotalCompensationRelatedOrgs>56164</TotalCompensationRelatedOrgs>
      </Form990ScheduleJPartII>
      <Form990ScheduleJPartII>
        <NamePerson>Arlene Libman</NamePerson>
        <BaseCompensationFilingOrg>149910</BaseCompensationFilingOrg>
        <DeferredCompRelatedOrgs>2800</DeferredCompRelatedOrgs>
        <NontaxableBenefitsRelatedOrgs>5300</NontaxableBenefitsRelatedOrgs>
        <TotalCompensationFilingOrg>149910</TotalCompensationFilingOrg>
        <TotalCompensationRelatedOrgs>8100</TotalCompensationRelatedOrgs>
      </Form990ScheduleJPartII>
    </IRS990ScheduleJ>
    <IRS990ScheduleO documentId="IRS990ScheduleO" softwareId="11000144" softwareVersion="2011v1.5">
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Line 19</Identifier>
        <ReturnReference>Form 990, Part VI, Line 19: Other Organization Documents Publicly Available</ReturnReference>
        <Explanation>Docs available for inspection at school offices</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Line 11</Identifier>
        <ReturnReference>Form 990, Part VI, Line 11: Form 990 Review Process</ReturnReference>
        <Explanation>Committee established to review returns. Tax preparer submitted returns to them for review and affirmation before filing.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990, Part VI, Line 2</Identifier>
        <ReturnReference>Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et</ReturnReference>
        <Explanation>2 directors are father and son2 directors are brothers2 other directors are brothers2 directors are brothers in-law. None of these groups are related to each other.</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
  </ReturnData>
</Return>