2013-11-12T09:37:32-06:00 2013-05-31 410746749 CLIFTONLARSONALLEN LLP 1301 W 22ND ST STE 1100 OAK BROOK IL 60523 990 2012-06-01 364446296 IIT STATE STREET CORPORATION NFP IITS 3125675850 3300 S FEDERAL NO 201 CHICAGO IL 606163793 KENNETH JOHNSTON 3125675850 2013-11-06 1 GREGORY S ADAMS P00095597 6305738600 2012 2016-02-24 21:20:13Z KENNETH JOHNSTON 3300 S FEDERAL NO 201 CHICAGO IL 606163793 3263052 0 X NONE X 2001 IL PROVIDE HOUSING FOR EDUCATIONAL INSTITUTION STUDENTS. 5 3 0 0 0 0 0 0 3010761 3240007 22518 23045 0 0 3033279 3263052 0 0 0 0 0 0 0 0 0 2836311 2798459 2836311 2798459 196968 464593 26421635 26811228 27095000 27020000 -673365 -208772 PROVIDE HOUSING FOR EDUCATIONAL INSTITUTION STUDENTS. 0 0 2798459 3240007 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 NOMINAL OCCUPANCY WAS APPROXIMATELY 92% FOR THE YEAR ENDED MAY 31, 2013. 2798459 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 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 3424 S STATE STREET TC ROOM 4B1-1 CHICAGO IL 60616 X ALAN W CRAMB 2.00 X 0 0 0 BRUCE WATTS 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 JOHN COLLINS 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 411097 CBORD GROUP INCORPORATED 61 BROWN ROAD ITHACA NY 14850 CONSTRUCTION SERVICES 296788 ABM JANITORIAL MIDWEST INC 75 REMITTANCE DRIVE SUITE 311 CHICAGO IL 60675 JANITORIAL SERVICES 192041 WE O'NEIL CONSTRUCTION COMPANY 2751 NORTH CLYBORN AVENUE CHICAGO IL 60614 CONSTRUCTION SERVICES 189908 CONTRACTORS POWER AND LIGHT 901 N WILLIAMS ST THORNTON IL 60476 ELECTRICAL SERVICES 113264 5 ROOM RENTAL 531190 3240007 3240007 3240007 23045 23045 3263052 3240007 0 23045 X 541476 541476 348627 348627 501856 501856 1055064 1055064 EQUIPMENT RENTAL AND MA 270880 270880 SUPPLIES 80493 80493 BANK FEES 63 63 2798459 2798459 0 0 772690 573300 1702298 2574780 650109 721781 31340603 8846149 22828094 22494454 468444 446913 26421635 26811228 27095000 27020000 27095000 27020000 X -673365 -208772 -673365 -208772 26421635 26811228 464593 0 X X 0 1 X 1 0 X 2927962 3003742 2948079 3010761 3240007 15130551 2927962 3003742 2948079 3010761 3240007 15130551 0 0 0 15130551 8987 22518 23045 54550 8987 22518 23045 54550 2927962 3003742 2957066 3033279 3263052 15185101 0.99640 0.99790 0.00360 0.00210 X 26687203 6502491 20184712 2153156 665576 1487580 1559795 1448850 110945 940449 229232 711217 22494454 X 3263052 0 3263052 0 3263052 2798459 0 2798459 0 2798459 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: 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 2009, 2010, AND 2011 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. OTHER FEES FORM 990, PART IX, LINE 11G CONTRACT SERVICES: PROGRAM SERVICE EXPENSES 541,476. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 541,476. 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.