Civic Intelligence

Knickerbocker Properties Inc XIX C/O Sentinel Real Estate Corp

990 • Fiscal year 2018 • EIN 68-0367474

Jul 01, 2017 to Jun 30, 2018 • Filed on May 07, 2019

1251 Ave Of The Americas 35th FLNew York, NY 10020

(212) 408-5019

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

61st percentile

0.33x

Higher debt load relative to assets than 61% of similar nonprofits.

2018 filings • $25M-$50M nonprofits • Source year 2018

Liabilities / Revenue

94th percentile

8.14x

Higher debt load relative to revenue than 94% of similar nonprofits.

2018 filings • $25M-$50M nonprofits • Source year 2018

Net Margin

99th percentile

100%

Higher net margin than 99% of similar nonprofits.

2018 filings • $25M-$50M nonprofits • Source year 2018

Top Officer Pay

15th percentile

$0

Higher top officer pay than 15% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2018 filings • $25M-$50M nonprofits • Source year 2018

Asset Growth

52nd percentile

2.6%

Faster asset growth than 52% of similar nonprofits.

2018 filings • $25M-$50M nonprofits • Annualized from 2017 to 2018

Revenue Growth

70th percentile

13%

Faster revenue growth than 70% of similar nonprofits.

2018 filings • $25M-$50M nonprofits • Annualized from 2017 to 2018

Assets

Up

$40,091,497

Up $1,009,718 (+2.6%) from 2017

Net Assets

Up

$26,787,177

Up $825,655 (+3.2%) from 2017

Liabilities

Up

$13,304,320

Up $184,063 (+1.4%) from 2017

Revenue

Up

$1,634,361

Up $193,422 (+13%) from 2017

Expenses

Flat

$0

Flat from 2017

Net Income

Up

$1,634,361

Up $193,422 (+13%) from 2017

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$80M$60M$40M$20M$0Assets 2011: $46,305,689Liabilities 2011: $647,917Net Assets 2011: $45,657,7722011Assets 2012: $27,602,123Liabilities 2012: $248,262Net Assets 2012: $27,353,8612012Assets 2013: $27,474,154Liabilities 2013: $13,113,220Net Assets 2013: $14,360,9332013Assets 2014: $28,969,318Liabilities 2014: $12,830,967Net Assets 2014: $16,138,3512014Assets 2015: $31,513,749Liabilities 2015: $13,130,694Net Assets 2015: $18,383,0552015Assets 2016: $36,431,954Liabilities 2016: $13,125,728Net Assets 2016: $23,306,2262016Assets 2017: $39,081,779Liabilities 2017: $13,120,257Net Assets 2017: $25,961,5222017Assets 2018: $40,091,497Liabilities 2018: $13,304,320Net Assets 2018: $26,787,1772018Assets 2019: $43,994,011Liabilities 2019: $13,543,194Net Assets 2019: $30,450,8172019Assets 2020: $48,146,397Liabilities 2020: $13,534,206Net Assets 2020: $34,612,1912020Assets 2021: $52,443,406Liabilities 2021: $13,503,014Net Assets 2021: $38,940,3922021Assets 2022: $78,243,106Liabilities 2022: $26,384,319Net Assets 2022: $51,858,7872022Assets 2023: $75,645,923Liabilities 2023: $27,460,714Net Assets 2023: $48,185,2092023Assets 2024: $64,377,033Liabilities 2024: $27,638,815Net Assets 2024: $36,738,2182024

Highlighted filing

2018

Assets$40,091,497
Liabilities$13,304,320
Net Assets$26,787,177

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$10M$5.0M$0Revenue 2011: $8,883,301Expenses 2011: $0Net Income 2011: $8,883,3012011Revenue 2012: $2,969,473Expenses 2012: $0Net Income 2012: $2,969,4732012Revenue 2013: $1,209,300Expenses 2013: $0Net Income 2013: $1,209,3002013Revenue 2014: $1,177,896Expenses 2014: $0Net Income 2014: $1,177,8962014Revenue 2015: $1,304,116Expenses 2015: $0Net Income 2015: $1,304,1162015Revenue 2016: $1,472,337Expenses 2016: $0Net Income 2016: $1,472,3372016Revenue 2017: $1,440,939Expenses 2017: $0Net Income 2017: $1,440,9392017Revenue 2018: $1,634,361Expenses 2018: $0Net Income 2018: $1,634,3612018Revenue 2019: $1,696,513Expenses 2019: $0Net Income 2019: $1,696,5132019Revenue 2020: $1,840,443Expenses 2020: $0Net Income 2020: $1,840,4432020Revenue 2021: $1,974,035Expenses 2021: $0Net Income 2021: $1,974,0352021Revenue 2022: $1,689,506Expenses 2022: $0Net Income 2022: $1,689,5062022Revenue 2023: $2,204,925Expenses 2023: $0Net Income 2023: $2,204,9252023Revenue 2024: $2,158,969Expenses 2024: $0Net Income 2024: $2,158,9692024

Highlighted filing

2018

Revenue$1,634,361
Expenses$0
Net Income$1,634,361
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 7, 2019
Return Version
2017v2.3
Gross Receipts
$3,569,253
Mission and Program Overview

Mission

Pension benefit organization

Balance Sheet Detail
LineBeginningEndChange
Assets
Pd in Cap Srpls Land Bldg Eqp Fund$58,853,089$58,853,089→ $0
Land, Buildings, and Equipment, Net$38,900,000$39,800,000▲ $900,000
Cash and Non-Interest-Bearing Accounts$164,970$181,495▲ $16,525
Prepaid Expenses and Deferred Charges$16,809$110,002▲ $93,193
Cap Stk Tr Prin Current Funds$500$500→ $0
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$-32,892,067$-32,066,412▲ $825,655
Total Assets$39,081,779$40,091,497▲ $1,009,718
Other Assets Total$0$0→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$12,810,000$13,000,000▲ $190,000
Accounts Payable and Accrued Expenses$218,624$226,533▲ $7,909
Other Liabilities$84,368$62,213▼ $22,155
Deferred Revenue$7,265$15,574▲ $8,309
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$13,120,257$13,304,320▲ $184,063
Net Assets / Fund Balance
Total Net Assets Fund Balance$25,961,522$26,787,177▲ $825,655
Total Liabilities and Net Assets / Fund Balance$39,081,779$40,091,497▲ $1,009,718

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$35,778,619--
Other Land Buildings$366,038--
Land$3,517,288--
Equipment$138,055--
Leasehold Improvements$0--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Millie C CassidyPresident
Anita BreslinVice President
George N Tietjen IiiVice President
Julianne SullivanVice President
Robert LeniartVice President
Robin BlauerVice President
Leland RothVice President / Treasurer
David C GillanDirector
Joseph Indelicato JrDirector
Thomas K LeeDirector
Jeffrey D SilversteinAssistant Secretary
Mark a BrodySecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$1,634,361
Change in Net Assets
$1,634,361

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,634,361
Revenue Not Reported on Form 990
$2,024,120
Total Revenue per Audited Statements
$3,658,481
Total Revenue per Form 990
$1,634,361
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$0
Other Expenses$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Audited Expense Reconciliation

Line ItemAmount
Expenses Not Reported on Form 990$1,934,892
Total Expenses per Audited Statements$1,934,892
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Security Deposits Payable$62,213
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 2

Directors thomas k. Lee, joseph indelicato jr., and david c. Gillan have a business relationship.

Form 990, Part VI, Lines 6, 7A and 7B

The organization's governing body is comprised of officers and directors. The directors were elected under the by-laws of the organization. All officers are appointed by the organization's directors. All officers and directors act to carry out the business of the organization. Subject to the by-laws, the sole member, nys teachers' retirement system (nystrs), may veto or confirm decisions made by the organization's officers.

Form 990, Part VI, Line 11A

The officers of the organization are responsible to review the form 990 prior to filing. The new york state teachers' retirement system receives a copy of the filed form 990.

Form 990, Part VI, Line 12C

The organization's conflict of interest policy is the sole responsibility of nystrs. The nystrs code of ethics requires that employees review and sign an annual disclosure statement with human resources by january 10 of each year. Any potential conflicts of interest, including elected positions, business holdings, investment interests, etc. Of employees or their spouse, dependent, or member of household must be disclosed.

Form 990, Part VI, Line 15

The organization is an irc 501(c)(25) entity holding title to rental real property and remitting the net income to the new york state teachers' retirement system, an irc 401(a) organization. Additionally, the organization does not have any employees therefore there are no processes related to employee compensation.

Form 990, Part VI, Line 18 and 19

The pension benefit organization makes the documents referenced in questions 18 and 19 available upon request to the public. The form 990 is also available to the general public at www.guidestar.com.

Form 990, Part VII, Section A

Nys teachers retirement system (nystrs) is a section 401(a) trust that is related to knickerbocker properties, inc. Xix (xix), and xix's three directors are employed by nystrs. The organization's three directors are thomas lee, executive director and cio of nystrs; david c gillan, managing director of real estate at nystrs; and joseph indelicato jr., nystrs general counsel. As part of the annual tax compliance process, xix asked nystrs for the compensation information for these three individuals who are employed by the nystrs. Xix made reasonable efforts to obtain compensation information and requests were made both in writing and via phone calls. Xix was unable to obtain the compensation information from nystrs and is unable to provide a reasonable estimate of this information.

Filing and Contact Details

Filer

Filer Name
Knickerbocker Properties Inc Xix
EIN
68-0367474
In Care Of
% SENTINEL REAL ESTATE CORP
Phone
2124085019
Address
1251 AVE OF THE AMERICAS 35TH FL, NEW YORK, NY 10020

Signing Officer

Name
Leland Roth
Title
Treasurer
Signed
2019-05-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Millie C Cassidy
Formed
1995
Legal Domicile
De
Voting Board Members
3
Independent Board Members
0
Employees
6
Volunteers
3

Preparer

Firm
Kpmg Llp
Address
345 Park Avenue, New York, NY 10154-0102
Preparer
Nicole A Fitzmaurice
Phone
2127589700
Supplemental Narrative

Additional Explanations

Form 990, Part XI - Reconciliation of Net Assets, Line 9

Distributions to nystrs $(897,934)

Financial Statement Notes

Schedule D, Part XI Reconciliation of Revenue

Rental expenses $ 1,934,892 schedule d, part xii - reconciliation of expenses rental expenses $ 1,934,892

Schedule D, Part X OTHER LIABILITIES

The Companies are recognized as 501(c)(25) corporations under the Internal Revenue Code ("the Code") and, as such, are qualified to be exempt from income taxes under 501(a) of the Code. Accordingly, there is no provision for federal, state, or local income taxes. The Advisory Account recognizes a tax benefit from an uncertain position only if it is more likely than not that the position is sustainable, based solely on its technical merits and consideration of the relevant taxing authorities' widely understood administrative practices and precedents. If this threshold is met, the Advisory Account should measure the tax benefit as the largest amount of benefit that is greater than fifty percent likely of being realized upon ultimate settlement. As of June 30, 2018, there were no tax benefits from uncertain tax positions recognized in the combined statement of net assets or operations. The Companies are subject to filing requirements in the U.S. and various state jurisdictions. The U.S. federal and state corporate tax returns have open statutes of limitations for the 2014 and subsequent tax years as of June 30, 2018.

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IRS990/GrantsToIndividualsInd0false
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IRS990/GrossReceiptsAmt03569253
IRS990/GrossRentsGrp/RealAmt03569253
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IRS990/InsuranceGrp/TotalAmt00
IRS990/IntangibleAssetsGrp/BOYAmt00
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
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IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/IRPDocumentCnt027
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IRS990/LandBldgEquipCostOrOtherBssAmt039800000
IRS990/LegalDomicileStateCd0DE
IRS990/LessRentalExpensesGrp/RealAmt01934892
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IRS990/LoansFromOfficersDirectorsGrp/BOYAmt00
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt00
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
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IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
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IRS990/MissionDesc0PENSION BENEFIT ORGANIZATION
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IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt012810000
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt013000000
IRS990/NetAssetsOrFundBalancesBOYAmt025961522
IRS990/NetAssetsOrFundBalancesEOYAmt026787177
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt01634361
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt01634361
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt089228
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt0-897934
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherLiabilitiesGrp/BOYAmt084368
IRS990/OtherLiabilitiesGrp/EOYAmt062213
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt058853089
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt058853089
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt016809
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0110002
IRS990/PrincipalOfficerNm0MILLIE C CASSIDY
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt00
IRS990/PYOtherRevenueAmt01440939
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt01440939
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt00
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01440939
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt01634361
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt01634361
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt00
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0-32892067
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0-32066412
IRS990/SavingsAndTempCashInvstGrp/BOYAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt035778619
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt035778619
IRS990ScheduleD/EquipmentGrp/BookValueAmt0138055
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0138055
IRS990ScheduleD/ExpensesNotReportedAmt01934892
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt03517288
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt03517288
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/NetUnrealizedGainsInvstAmt089228
IRS990ScheduleD/OtherExpensesIncludedAmt01934892
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0366038
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt0366038
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt062213
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSITS PAYABLE
IRS990ScheduleD/OtherRevenueAmt01934892
IRS990ScheduleD/RevenueNotReportedAmt02024120
IRS990ScheduleD/RevenueSubtotalAmt01634361
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0RENTAL EXPENSES $ 1,934,892 SCHEDULE D, PART XII - RECONCILIATION OF EXPENSES RENTAL EXPENSES $ 1,934,892
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1The Companies are recognized as 501(c)(25) corporations under the Internal Revenue Code ("the Code") and, as such, are qualified to be exempt from income taxes under 501(a) of the Code. Accordingly, there is no provision for federal, state, or local income taxes. The Advisory Account recognizes a tax benefit from an uncertain position only if it is more likely than not that the position is sustainable, based solely on its technical merits and consideration of the relevant taxing authorities' widely understood administrative practices and precedents. If this threshold is met, the Advisory Account should measure the tax benefit as the largest amount of benefit that is greater than fifty percent likely of being realized upon ultimate settlement. As of June 30, 2018, there were no tax benefits from uncertain tax positions recognized in the combined statement of net assets or operations. The Companies are subject to filing requirements in the U.S. and various state jurisdictions. The U.S. federal and state corporate tax returns have open statutes of limitations for the 2014 and subsequent tax years as of June 30, 2018.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PART XI RECONCILIATION OF REVENUE
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule D, Part X OTHER LIABILITIES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt039800000
IRS990ScheduleD/TotalLiabilityAmt062213
IRS990ScheduleD/TotalRevenuePerForm990Amt01634361
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03658481
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01934892
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DIRECTORS THOMAS K. LEE, JOSEPH INDELICATO JR., AND DAVID C. GILLAN HAVE A BUSINESS RELATIONSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION'S GOVERNING BODY IS COMPRISED OF OFFICERS AND DIRECTORS. THE DIRECTORS WERE ELECTED UNDER THE BY-LAWS OF THE ORGANIZATION. ALL OFFICERS ARE APPOINTED BY THE ORGANIZATION'S DIRECTORS. ALL OFFICERS AND DIRECTORS ACT TO CARRY OUT THE BUSINESS OF THE ORGANIZATION. SUBJECT TO THE BY-LAWS, THE SOLE MEMBER, NYS TEACHERS' RETIREMENT SYSTEM (NYSTRS), MAY VETO OR CONFIRM DECISIONS MADE BY THE ORGANIZATION'S OFFICERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE OFFICERS OF THE ORGANIZATION ARE RESPONSIBLE TO REVIEW THE FORM 990 PRIOR TO FILING. THE NEW YORK STATE TEACHERS' RETIREMENT SYSTEM RECEIVES A COPY OF THE FILED FORM 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION'S CONFLICT OF INTEREST POLICY IS THE SOLE RESPONSIBILITY OF NYSTRS. THE NYSTRS CODE OF ETHICS REQUIRES THAT EMPLOYEES REVIEW AND SIGN AN ANNUAL DISCLOSURE STATEMENT WITH HUMAN RESOURCES BY JANUARY 10 OF EACH YEAR. ANY POTENTIAL CONFLICTS OF INTEREST, INCLUDING ELECTED POSITIONS, BUSINESS HOLDINGS, INVESTMENT INTERESTS, ETC. OF EMPLOYEES OR THEIR SPOUSE, DEPENDENT, OR MEMBER OF HOUSEHOLD MUST BE DISCLOSED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION IS AN IRC 501(C)(25) ENTITY HOLDING TITLE TO RENTAL REAL PROPERTY AND REMITTING THE NET INCOME TO THE NEW YORK STATE TEACHERS' RETIREMENT SYSTEM, AN IRC 401(A) ORGANIZATION. ADDITIONALLY, THE ORGANIZATION DOES NOT HAVE ANY EMPLOYEES THEREFORE THERE ARE NO PROCESSES RELATED TO EMPLOYEE COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE PENSION BENEFIT ORGANIZATION MAKES THE DOCUMENTS REFERENCED IN QUESTIONS 18 AND 19 AVAILABLE UPON REQUEST TO THE PUBLIC. THE FORM 990 IS ALSO AVAILABLE TO THE GENERAL PUBLIC AT WWW.GUIDESTAR.COM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6NYS TEACHERS RETIREMENT SYSTEM (NYSTRS) IS A SECTION 401(A) TRUST THAT IS RELATED TO KNICKERBOCKER PROPERTIES, INC. XIX (XIX), AND XIX'S THREE DIRECTORS ARE EMPLOYED BY NYSTRS. THE ORGANIZATION'S THREE DIRECTORS ARE THOMAS LEE, EXECUTIVE DIRECTOR AND CIO OF NYSTRS; DAVID C GILLAN, MANAGING DIRECTOR OF REAL ESTATE AT NYSTRS; AND JOSEPH INDELICATO JR., NYSTRS GENERAL COUNSEL. AS PART OF THE ANNUAL TAX COMPLIANCE PROCESS, XIX ASKED NYSTRS FOR THE COMPENSATION INFORMATION FOR THESE THREE INDIVIDUALS WHO ARE EMPLOYED BY THE NYSTRS. XIX MADE REASONABLE EFFORTS TO OBTAIN COMPENSATION INFORMATION AND REQUESTS WERE MADE BOTH IN WRITING AND VIA PHONE CALLS. XIX WAS UNABLE TO OBTAIN THE COMPENSATION INFORMATION FROM NYSTRS AND IS UNABLE TO PROVIDE A REASONABLE ESTIMATE OF THIS INFORMATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7DISTRIBUTIONS TO NYSTRS $(897,934)
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, LINES 6, 7A AND 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, LINE 11A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, LINE 18 AND 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VII, SECTION A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XI - RECONCILIATION OF NET ASSETS, LINE 9
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
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IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd4true
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd5true
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd6true
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0NA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt1NYSTRS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt2NYSTRS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt3NYSTRS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt4NYSTRS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt5NYSTRS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt6NYSTRS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt7NYSTRS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0NYS TEACHERS' RETIREMENT SYSTEM
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1FOLSOM WILLOW SPRINGS LLC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2KNICKERBOCKER PROPERTIES INC XX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt3KNICKERBOCKER PROPERTIES INC XXXVIII
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt4KNICKERBOCKER PROPERTIES INC XXXIX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt5KNICKERBOCKER PROPERTIES INC XLI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt6KNICKERBOCKER PROPERTIES INC XLII

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$64.4$27.6$36.7$2.16$0.00$2.16
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$75.6$27.5$48.2$2.20$0.00$2.20
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$78.2$26.4$51.9$1.69$0.00$1.69
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$52.4$13.5$38.9$1.97$0.00$1.97
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$48.1$13.5$34.6$1.84$0.00$1.84
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$44.0$13.5$30.5$1.70$0.00$1.70
2018Detailed filing. Detailed filing data is available for this year.$40.1$13.3$26.8$1.63$0.00$1.63
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$39.1$13.1$26.0$1.44$0.00$1.44
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$36.4$13.1$23.3$1.47$0.00$1.47
2015Detailed filing. Detailed filing data is available for this year.$31.5$13.1$18.4$1.30$0.00$1.30
2014Summary only. Only limited summary data is available for this year.$29.0$12.8$16.1$1.18$0.00$1.18
2013Summary only. Only limited summary data is available for this year.$27.5$13.1$14.4$1.21$0.00$1.21
2012Summary only. Only limited summary data is available for this year.$27.6$0.25$27.4$2.97$0.00$2.97
2011Summary only. Only limited summary data is available for this year.$46.3$0.65$45.7$8.88$0.00$8.88