2011-01-12T16:10:19-06:00 2010-05-31 Clifton Gunderson LLP 1301 W 22nd St Ste 1100 Oak Brook IL 60523 990 2009-06-01 364446296 IIT STATE STREET CORPORATION NFP IITS 3125675850 3300 S FEDERAL No 201 CHICAGO IL 606163793 KENNETH JOHNSTON 3125675850 2011-01-12 1 Robert J Nowak CPA MST 6305738600 2009 2016-02-24 21:20:13Z kenneth johnston 3300 S FEDERAL No 201 CHICAGO IL 606163793 3003742 0 X none X 2001 IL Provide housing for educational institution students. 5 3 0 0 0 0 0 2927962 3003742 0 0 2927962 3003742 0 0 0 0 0 2759730 2600232 2759730 2600232 168232 403510 26405701 26608508 27949303 27748600 -1543602 -1140092 Provide housing for educational institution students. 0 0 2600232 3003742 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 85% for the year ended May 31, 2010. 2600232 1 0 0 0 0 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 1 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 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 Mary Anne Smith 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 423432 ABM Janitorial Midwest Inc 75 Remittance Drive Suite 311 Chicago IL 60675 Janitorial Services 182624 2 AUXILIARY ENTERPRISE R 531190 3003742 3003742 3003742 3003742 3003742 0 0 364129 364129 141739 141739 360135 360135 336780 336780 918309 918309 Equipment rental and ma 411887 411887 supplies 62373 62373 telephone 4880 4880 2600232 2600232 0 0 1088295 2209411 29737948 5869551 24765176 23868397 552230 530700 26405701 26608508 100 100 49203 27095000 27095000 805000 653500 27949303 27748600 X -1543602 -1140092 -1543602 -1140092 26405701 26608508 X 0 1 1 X 0 X 3222796 2974152 2770912 2927962 3003742 14899564 3222796 2974152 2770912 2927962 3003742 14899564 0 0 0 14899564 3222796 2974152 2770912 2927962 3003742 14899564 1.00000 0.98170 0.00000 X 26673216 4500556 22172660 638283 207246 431037 1486000 1003050 482950 940449 158699 781750 23868397 LEASE OF FURNITURE 653500 653500 3003742 2600232 403510 0 403510 3003742 0 3003742 0 3003742 2600232 0 2600232 0 2600232 Part X: Description of Uncertain Tax Positions Under FIN 48: The Corporation adopted the requirements for accounting for uncertain tax positions on June 1, 2009. 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 2006, 2007, and 2008 are subject to examination by the IRS and state taxing authorities, generally for three years after they were filed. John P Collins Chairman of the Board of Directors John P. Collins is an officer of Illinois Institute of Technology, a related entity. 0 Mary Anne Smith Individual Director on the Board of Directors Mary Anne Smith is an officer of Illinois Institute of Technology, a related entity. 0 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, a related entity, 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 audit firm who 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. The process for oversight of the audit and the selection of an independent accountant has not changed from the prior year. Illinois Institute of Technology 3300 S Federal St Chicago IL 60626 362170136 Private University IL 501(C)(3) Line 2 N/A 0 0 0 0 0 0 0 0 0 1 0 1 0 1 1 0 0 0 Illinois Institute of Technology J 151500 illinois Institute of Technology L 364129 Illinois Institute of Technology N 12000 Illinois Institute of Technology O 1317794