Civic Intelligence

Knickerbocker Properties Inc XII

990 • Fiscal year 2022 • EIN 91-1656953

Jul 01, 2021 to Jun 30, 2022 • Filed on May 15, 2023

Refreshing map…

1201 Third Avenue Suite 3000Seattle, WA 98101

(206) 623-4739

Siviq Scores

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

Liabilities / Assets

15th percentile

0.00x

Higher debt load relative to assets than 15% of similar nonprofits.

2022 filings • $100M-$250M nonprofits • Source year 2022

Liabilities / Revenue

24th percentile

0.09x

Higher debt load relative to revenue than 24% of similar nonprofits.

2022 filings • $100M-$250M nonprofits • Source year 2022

Net Margin

98th percentile

100%

Higher net margin than 98% of similar nonprofits.

2022 filings • $100M-$250M nonprofits • Source year 2022

Top Officer Pay

12th percentile

$0

Higher top officer pay than 12% of similar nonprofits.

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

2022 filings • $100M-$250M nonprofits • Source year 2022

Asset Growth

96th percentile

52%

Faster asset growth than 96% of similar nonprofits.

2022 filings • $100M-$250M nonprofits • Annualized from 2021 to 2022

Revenue Growth

69th percentile

12%

Faster revenue growth than 69% of similar nonprofits.

2022 filings • $100M-$250M nonprofits • Annualized from 2021 to 2022

Assets

Flat

$230,881,125

Flat from 2022

Net Assets

Flat

$230,227,822

Flat from 2022

Liabilities

Flat

$653,303

Flat from 2022

Revenue

Flat

$7,231,419

Flat from 2022

Expenses

Flat

$0

Flat from 2022

Net Income

Flat

$7,231,419

Flat from 2022

Historical Trend

Balance Sheet Trend

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

$300M$200M$100M$0Assets 2011: $78,731,528Liabilities 2011: $701,890Net Assets 2011: $78,029,6382011Assets 2012: $70,670,750Liabilities 2012: $1,216,058Net Assets 2012: $69,454,6922012Assets 2013: $71,869,577Liabilities 2013: $472,132Net Assets 2013: $71,397,4452013Assets 2014: $72,331,633Liabilities 2014: $457,330Net Assets 2014: $71,874,3032014Assets 2015: $76,857,181Liabilities 2015: $374,370Net Assets 2015: $76,482,8112015Assets 2016: $86,676,710Liabilities 2016: $634,077Net Assets 2016: $86,042,6332016Assets 2017: $94,929,059Liabilities 2017: $524,736Net Assets 2017: $94,404,3232017Assets 2018: $104,966,937Liabilities 2018: $578,434Net Assets 2018: $104,388,5032018Assets 2019: $115,286,792Liabilities 2019: $587,849Net Assets 2019: $114,698,9432019Assets 2020: $123,095,764Liabilities 2020: $1,192,728Net Assets 2020: $121,903,0362020Assets 2021: $151,688,804Liabilities 2021: $770,852Net Assets 2021: $150,917,9522021Assets 2022: $230,881,125Liabilities 2022: $653,303Net Assets 2022: $230,227,8222022Assets 2022: $230,881,125Liabilities 2022: $653,303Net Assets 2022: $230,227,8222022Assets 2023: $228,597,046Liabilities 2023: $1,588,515Net Assets 2023: $227,008,5312023

Highlighted filing

2022

Assets$230,881,125
Liabilities$653,303
Net Assets$230,227,822

Operations Trend

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

$15M$10M$5.0M$0Revenue 2011: $11,833,601Expenses 2011: $0Net Income 2011: $11,833,6012011Revenue 2012: $11,318,617Expenses 2012: $0Net Income 2012: $11,318,6172012Revenue 2013: $4,841,026Expenses 2013: $0Net Income 2013: $4,841,0262013Revenue 2014: $4,182,803Expenses 2014: $0Net Income 2014: $4,182,8032014Revenue 2015: $5,137,125Expenses 2015: $0Net Income 2015: $5,137,1252015Revenue 2016: $4,768,370Expenses 2016: $0Net Income 2016: $4,768,3702016Revenue 2017: $5,295,041Expenses 2017: $0Net Income 2017: $5,295,0412017Revenue 2018: $5,895,351Expenses 2018: $0Net Income 2018: $5,895,3512018Revenue 2019: $6,234,636Expenses 2019: $0Net Income 2019: $6,234,6362019Revenue 2020: $6,084,356Expenses 2020: $0Net Income 2020: $6,084,3562020Revenue 2021: $6,435,967Expenses 2021: $0Net Income 2021: $6,435,9672021Revenue 2022: $7,231,419Expenses 2022: $0Net Income 2022: $7,231,4192022Revenue 2022: $7,231,419Expenses 2022: $0Net Income 2022: $7,231,4192022Revenue 2023: $7,374,475Expenses 2023: $0Net Income 2023: $7,374,4752023

Highlighted filing

2022

Revenue$7,231,419
Expenses$0
Net Income$7,231,419
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 15, 2023
Return Version
2021v4.2
Gross Receipts
$8,799,576
Mission and Program Overview

Mission

Pension benefit organization

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$150,300,000$230,300,000▲ $80,000,000
Rtn Earn Endowment Incm Other Fnds$78,055,128$230,227,322▲ $152,172,194
Pd in Cap Srpls Land Bldg Eqp Fund$72,862,324$0▼ $72,862,324
Cash and Non-Interest-Bearing Accounts$1,288,776$443,719▼ $845,057
Accounts Receivable$82,069$102,821▲ $20,752
Prepaid Expenses and Deferred Charges$17,959$34,585▲ $16,626
Cap Stk Tr Prin Current Funds$500$500→ $0
Total Assets$151,688,804$230,881,125▲ $79,192,321
Liabilities
Accounts Payable and Accrued Expenses$214,434$240,489▲ $26,055
Escrow Account Liability$224,955$193,946▼ $31,009
Deferred Revenue$325,663$184,500▼ $141,163
Other Liabilities$5,800$34,368▲ $28,568
Total Liabilities$770,852$653,303▼ $117,549
Net Assets / Fund Balance
Total Net Assets Fund Balance$150,917,952$230,227,822▲ $79,309,870
Total Liabilities and Net Assets / Fund Balance$151,688,804$230,881,125▲ $79,192,321

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$220,841,907--
Land$9,458,093--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Amy PricePresident
Mark ReinikkaVice President
Matthew SargentVice President
Steve ReentsVice President
David C GillanDirector
Margaret AndriolaDirector
Thomas K LeeDirector
Adam LesnickAssistant Secretary
Camille PaulusAssistant Secretary
Rhona J KischSecretary
Jamie MccueTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Colliers Intl Greater Los AngelesLeasing ServicesPO BOX 735236, Dallas, TX 75373$153,506
Champion Paving INCConstruction Services1175 N VAN HORNE WAY, Anaheim, CA 92806$115,387
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$7,231,419
Change in Net Assets
$7,231,419

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,231,419
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$81,134,421
Total Revenue per Audited Statements
$88,365,840
Total Revenue per Form 990
$7,231,419
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$1,607,309
Total Expenses per Audited Statements$1,607,309
Expenses Not Reported on Financial Statements$0
Expenses per Audited Statements$0
Total Expenses per Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Capital Expenditures$34,368
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
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
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

The organization delegates management responsibility to bengallgreenoak (us) lp.

Form 990, Part VI, Section A, Line 6

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 teacher's retirement system (nystrs), may veto or confirm decisions made by the organization's officers.

Form 990, Part VI, Section A, Line 7A

See explanation for part vi, section a, line 6.

Form 990, Part VI, Section A, Line 7B

See explanation for part vi, section a, line 6.

Form 990, Part VI, Section B, Line 11B

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

Form 990, Part VI, Section B, 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 itnterest, 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, Section B, 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. The organization employed nine individuals during fy22. These employees only held positions to assist in the administration of leasing operations. None of these employees held the position of ceo, executive director, or top management official. As such, there are no processes related to top management or executive compensation.

Form 990, Part VI, Section C, Line 18

The pension benefit organization makes the documents referenced in questions 18 and 19 available upon request to the public.

Form 990, Part VI, Section C, Line 19

See explanation for part vi, section c, line 18.

Part VII, Section A

Nys teachers retirement system (nystrs) is a section 401(a) trust that is related to knickerbocker properties, inc xii (xii), and xii' 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 margaret andriola, nystrs chief financial officer. As part of the annual tax compliance process, xii asked nystrs for the compensation information for these three individuals who are employed by the nystrs. Xii made reasonable efforts to obtain compensation information and requests were made both in writing and via phone calls. Xii 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 Xii
EIN
91-1656953
Phone
2066234739
Address
1201 THIRD AVENUE SUITE 3000, SEATTLE, WA 98101

Signing Officer

Name
Jamie Mccue
Title
Treasurer
Phone
2066234739
Signed
2023-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Amy Price
Formed
1994
Legal Domicile
De
Voting Board Members
3
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Cohnreznick Llp
Address
14 SYLVAN WAY, PARSIPPANY, NJ 07054-3801
Preparer
Lori Rothe Yokobosky CPA
Phone
9732283500
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Distributions -7,485,999.

Financial Statement Notes

PART IV, LINE 2B:

The organization holds security deposit as required by state law.

PART X, LINE 2:

The advisory account follows the authoritative guidance for uncertainty in income taxes. This guidance requires the advisory account to recognize 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. No accrual was deemed necessary at june 30, 2022. 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 2018 and subsequent tax years as of june 30, 2022.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Rental expenses 1,568,157. Related organizations 1,814.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Rental expenses 1,568,157. Related organizations 39,152.

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IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0PENSION BENEFIT ORGANIZATION
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0150917952
IRS990/NetAssetsOrFundBalancesEOYAmt0230227822
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt07231419
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt07231419
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt079564450
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt0-7485999
IRS990/OtherLiabilitiesGrp/BOYAmt05800
IRS990/OtherLiabilitiesGrp/EOYAmt034368
IRS990/PartialLiquidationInd00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt072862324
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt017959
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt034585
IRS990/PrincipalOfficerNm0AMY PRICE
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt00
IRS990/PYOtherRevenueAmt06435967
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt06435967
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt00
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt06435967
IRS990/ReconcilationRevenueExpnssAmt07231419
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt07231419
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt078055128
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0230227322
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0220841907
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt0220841907
IRS990ScheduleD/ExpensesNotReportedAmt01607309
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt00
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/LandGrp/BookValueAmt09458093
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt09458093
IRS990ScheduleD/NetUnrealizedGainsInvstAmt079564450
IRS990ScheduleD/OtherExpensesIncludedAmt01607309
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt034368
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED CAPITAL EXPENDITURES
IRS990ScheduleD/OtherRevenueAmt01569971
IRS990ScheduleD/RevenueNotReportedAmt081134421
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt07231419
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HOLDS SECURITY DEPOSIT AS REQUIRED BY STATE LAW.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE ADVISORY ACCOUNT FOLLOWS THE AUTHORITATIVE GUIDANCE FOR UNCERTAINTY IN INCOME TAXES. THIS GUIDANCE REQUIRES THE ADVISORY ACCOUNT TO RECOGNIZE 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. NO ACCRUAL WAS DEEMED NECESSARY AT JUNE 30, 2022. 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 2018 AND SUBSEQUENT TAX YEARS AS OF JUNE 30, 2022.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2RENTAL EXPENSES 1,568,157. RELATED ORGANIZATIONS 1,814.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3RENTAL EXPENSES 1,568,157. RELATED ORGANIZATIONS 39,152.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0230300000
IRS990ScheduleD/TotalExpensesPerForm990Amt00
IRS990ScheduleD/TotalLiabilityAmt034368
IRS990ScheduleD/TotalRevenuePerForm990Amt07231419
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt088365840
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01607309
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION DELEGATES MANAGEMENT RESPONSIBILITY TO BENGALLGREENOAK (US) LP.
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 TEACHER'S RETIREMENT SYSTEM (NYSTRS), MAY VETO OR CONFIRM DECISIONS MADE BY THE ORGANIZATION'S OFFICERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2SEE EXPLANATION FOR PART VI, SECTION A, LINE 6.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3SEE EXPLANATION FOR PART VI, SECTION A, LINE 6.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE OFFICERS OF THE ORGANIZATION ARE RESPONSIBLE TO REVIEW THE FORM 990 PRIOR TO FILING. THE NEW YORK STATE TEACHER'S RETIREMENT SYSTEM RECEIVES A COPY OF THE FILED FORM 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE 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 ITNTEREST, INCLUDING ELECTED POSITIONS, BUSINESS HOLDINGS, INVESTMENT INTERESTS, ETC. OF EMPLOYEES OR THEIR SPOUSE, DEPENDENT, OR MEMBER OF HOUSEHOLD MUST BE DISCLOSED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE 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. THE ORGANIZATION EMPLOYED NINE INDIVIDUALS DURING FY22. THESE EMPLOYEES ONLY HELD POSITIONS TO ASSIST IN THE ADMINISTRATION OF LEASING OPERATIONS. NONE OF THESE EMPLOYEES HELD THE POSITION OF CEO, EXECUTIVE DIRECTOR, OR TOP MANAGEMENT OFFICIAL. AS SUCH, THERE ARE NO PROCESSES RELATED TO TOP MANAGEMENT OR EXECUTIVE COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE PENSION BENEFIT ORGANIZATION MAKES THE DOCUMENTS REFERENCED IN QUESTIONS 18 AND 19 AVAILABLE UPON REQUEST TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8SEE EXPLANATION FOR PART VI, SECTION C, LINE 18.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9NYS TEACHERS RETIREMENT SYSTEM (NYSTRS) IS A SECTION 401(A) TRUST THAT IS RELATED TO KNICKERBOCKER PROPERTIES, INC XII (XII), AND XII' 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 MARGARET ANDRIOLA, NYSTRS CHIEF FINANCIAL OFFICER. AS PART OF THE ANNUAL TAX COMPLIANCE PROCESS, XII ASKED NYSTRS FOR THE COMPENSATION INFORMATION FOR THESE THREE INDIVIDUALS WHO ARE EMPLOYED BY THE NYSTRS. XII MADE REASONABLE EFFORTS TO OBTAIN COMPENSATION INFORMATION AND REQUESTS WERE MADE BOTH IN WRITING AND VIA PHONE CALLS. XII WAS UNABLE TO OBTAIN THE COMPENSATION INFORMATION FROM NYSTRS AND IS UNABLE TO PROVIDE A REASONABLE ESTIMATE OF THIS INFORMATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10DISTRIBUTIONS -7,485,999.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9PART VII, SECTION A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10FORM 990, PART XI, LINE 9:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingNACd1N/A
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingNACd2N/A
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd00
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd10
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd20
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN0133834107
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN1452538607
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN2320538422
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/GeneralOrManagingPartnerInd00
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/GeneralOrManagingPartnerInd10
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/GeneralOrManagingPartnerInd20
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/LegalDomicileStateCd0NY
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/LegalDomicileStateCd1NY
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/LegalDomicileStateCd2NY
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PrimaryActivitiesTxt0PENSION ORG
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PrimaryActivitiesTxt1PENSION ORG
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PrimaryActivitiesTxt2PENSION ORG
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/RelatedOrganizationName/BusinessNameLine1Txt0MERRIT 7 VENTURES LLC
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/RelatedOrganizationName/BusinessNameLine1Txt1MERRIT 7 INVESTORS LLC
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/RelatedOrganizationName/BusinessNameLine1Txt2RSQ TOWER LLC
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/AddressLine1Txt0230 PARK AVENUE 12TH FLOOR
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/AddressLine1Txt1230 PARK AVENUE 12TH FLOOR
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/AddressLine1Txt2230 PARK AVENUE 12TH FLOOR
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/CityNm0NEW YORK
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/CityNm1NEW YORK
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/CityNm2NEW YORK
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/StateAbbreviationCd0NY
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/StateAbbreviationCd1NY
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/StateAbbreviationCd2NY
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/ZIPCd010169
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/ZIPCd110169
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/ZIPCd210169
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd20
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd30
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd40
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd50
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd60
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd70
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd80
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd90
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd100
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd110
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd120
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd130
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd140
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd150
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd160
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd170
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd180
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd190
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd200
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd210
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd220
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0NYSTRS
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/DirectControllingEntityName/BusinessNameLine1Txt8NYSTRS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt9NYSTRS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt10NYSTRS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt11NYSTRS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt12NYSTRS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt13NYSTRS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt14NYSTRS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt15NYSTRS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt16NYSTRS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt17NYSTRS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt18NYSTRS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt19NYSTRS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt20NYSTRS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt21NYSTRS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$229$1.59$227$7.37$0.00$7.37
2022Detailed filing. Detailed filing data is available for this year.$231$0.65$230$7.23$0.00$7.23
2022Summary only. Only limited summary data is available for this year.$231$0.65$230$7.23$0.00$7.23
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$152$0.77$151$6.44$0.00$6.44
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$123$1.19$122$6.08$0.00$6.08
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$115$0.59$115$6.23$0.00$6.23
2018Summary only. Only limited summary data is available for this year.$105$0.58$104$5.90$0.00$5.90
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$94.9$0.52$94.4$5.30$0.00$5.30
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$86.7$0.63$86.0$4.77$0.00$4.77
2015Detailed filing. Detailed filing data is available for this year.$76.9$0.37$76.5$5.14$0.00$5.14
2014Summary only. Only limited summary data is available for this year.$72.3$0.46$71.9$4.18$0.00$4.18
2013Summary only. Only limited summary data is available for this year.$71.9$0.47$71.4$4.84$0.00$4.84
2012Summary only. Only limited summary data is available for this year.$70.7$1.22$69.5$11.3$0.00$11.3
2011Summary only. Only limited summary data is available for this year.$78.7$0.70$78.0$11.8$0.00$11.8