2024-10-07T06:43:00-05:00 2024-06-30 474526160 EFPR GROUP CPAS PLLC 6390 MAIN STREET SUITE 200 WILLIAMSVILLE NY 14221 990 2023-07-01 911917512 QUEENS COLLEGE SPECIAL PROJECTS FUNDINC QUEE 7189975000 65-30 KISSENA BOULEVARD KIELY 1305 FLUSHING NY 113671597 FRANK WU PRESIDENT 7189975000 2024-10-01 1 0 DAVID A URBAN CPA P00630018 7166340700 2024-10-01 2023 2024-10-15 13:58:12Z FRANK WU 65-30 KISSENA BOULEVARD KIELY 1305 FLUSHING NY 113671597 6638360 0 X N/A X 1998 NY THE FUND'S PRIMARY EXEMPT PURPOSE IS TO SUPPORT, PROMOTE, AND FOSTER THE EDUCATIONAL MISSION OF ITS PARENT ORGANIZATION, QUEENS COLLEGE OF THE CITY UNIVERSITY OF NEW YORK. 5 0 0 0 0 0 17230 19233 5725877 6272315 75743 141236 214150 205576 6033000 6638360 0 0 0 0 775042 649655 0 0 0 6519684 6646819 7294726 7296474 -1261726 -658114 50579112 48268541 62311631 60659174 -11732519 -12390633 THE FUND'S PRIMARY EXEMPT PURPOSE IS TO SUPPORT, PROMOTE, AND FOSTER THE EDUCATIONAL MISSION OF ITS PARENT ORGANIZATION, QUEENS COLLEGE OF THE CITY UNIVERSITY OF NEW YORK. 0 0 7056412 6353159 QUEENS COLLEGE SPECIAL PROJECT FUND'S PRIMARY EXEMPT ACTIVITY IS TO HOLD AND OPERATE A RESIDENCE HALL FOR THE BENEFIT OF THE STUDENT OF THE QUEENS COLLEGE OF THE CITY UNIVERSITY OF NEW YORK. THE RESIDENCE HALL CONSISTS OF A STUDENT HOUSING FACILITY DESIGNED TO HOUSE 506 STUDENTS, AN 89 CAR PARKING GARAGE, AND OTHER AMENITIES. THE FACILITIES HAVE ALSO BEEN USED TO HOLD CONFERENCES THAT SUPPORT THE EDUCATIONAL MISSION OF QUEENS COLLEGE OF THE CITY UNIVERSITY OF NEW YORK. 7056412 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 0 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 NY X NALINI PITRELLI 7189975000 65-30 KISSENA BOULEVARD KY 265 FLUSHING NY 113671597 FRANK WU PRESIDENT 1.00 35.00 X X 0 464678 132990 JENNIFER JARVIS VICE PRESIDENT 1.00 35.00 X X 0 198653 56855 JOSEPH LOUGHREN TREASURER 1.00 35.00 X X 0 196760 56312 JEFFREY ROSENSTOCK SECRETARY 1.00 35.00 X X 0 189332 54187 ZECO KRCIC DIRECTOR 1.00 35.00 X 0 179369 51335 0 1228792 351679 0 0 1 0 CAPSTONE ON-CAMPUS MANAGEMENT 1500 URBAN CENTER DRIVE SUITE 400 VESTAVIA HILLS AL 35242 MANAGEMENT FEES 239187 1 19233 19233 STUDENT HOUSING FEES 611710 6147583 6147583 AUXILIARY SERVICES 611710 85912 85912 CONFERENCES 611710 38820 38820 6272315 141236 141236 FINANCING & INTEREST - 611710 205576 205576 205576 6638360 6353159 0 265968 558905 503014 55891 6973 6276 697 49814 44833 4981 33963 30567 3396 239187 239187 6400 6400 62768 62768 11137 11137 24130 24130 21728 21728 306098 306098 19540 19540 9924 9924 2835375 2835375 1742680 1742680 219420 219420 COMMON AREA EXPS 377938 377938 MAINTENANCE 296967 296967 BAD DEBT 250651 250651 INTERIOR UNIT EXPS 151163 151163 71713 34706 37007 7296474 7056412 240062 0 1961754 1916289 2616500 2578438 272165 111404 24961 16977 68855708 29963829 40607411 38891879 5096321 4753554 50579112 48268541 603829 920358 59421 127006 55195000 53385000 6216527 5996831 236854 229979 62311631 60659174 X -12766756 -13616141 1034237 1225508 -11732519 -12390633 50579112 48268541 -658114 0 X X 0 1 X 1 0 X 4676 6502700 2343754 17230 19233 8887593 6062728 2672820 5006247 5725877 6272315 25739987 6067404 9175520 7350001 5743107 6291548 34627580 0 0 0 34627580 144784 2300 3753 75743 141236 367816 144784 2300 3753 75743 141236 367816 227658 223937 219359 214150 205576 1090680 6439846 9401757 7573113 6033000 6638360 36086076 0.95960 0.96010 0.01020 0.00960 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 61689937 22832695 38857242 4792065 4762029 30036 2373706 2369105 4601 38891879 DEFERRED OUTFLOWS OF RESOURCES 3308272 DUE FROM QUEENS COLLEGE 748782 OTHER ASSETS 696500 4753554 ACCRUED INTEREST 229979 229979 X 6638360 0 6638360 0 6638360 7296474 0 7296474 0 7296474 PART X, LINE 2: THE FUND IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE CODE); THEREFORE, NO PROVISION FOR INCOME TAXES IS REFLECTED IN THE COMBINED FINANCIAL STATEMENTS. THE FUND HAS BEEN CLASSIFIED AS A PUBLICLY SUPPORTED ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A) OF THE CODE. THE FUND PRESENTLY DISCLOSES OR RECOGNIZES INCOME TAX POSITIONS BASED ON MANAGEMENT'S ESTIMATE OF WHETHER IT IS REASONABLY POSSIBLE OR PROBABLE THAT A LIABILITY HAS BEEN INCURRED FOR UNRECOGNIZED INCOME TAXES. MANAGEMENT HAS CONCLUDED THAT THE FUND HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT IN ITS COMBINED FINANCIAL STATEMENTS. U.S. FORMS 990 FILED BY THE FUND ARE SUBJECT TO EXAMINATION BY TAXING AUTHORITIES. PART XI, LINE 4B - OTHER ADJUSTMENTS: LOSS ON SALE OF BUILDING PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON SALE OF BUILDING 0 0 0 0 0 0 0 0 0 FRANK WU PRESIDENT 0 464678 0 0 0 0 0 33921 0 99069 0 597668 0 0 JENNIFER JARVIS VICE PRESIDENT 0 198653 0 0 0 0 0 14502 0 42353 0 255508 0 0 JOSEPH LOUGHREN TREASURER 0 196760 0 0 0 0 0 14363 0 41949 0 253072 0 0 JEFFREY ROSENSTOCK SECRETARY 0 189332 0 0 0 0 0 13821 0 40366 0 243519 0 0 ZECO KRCIC DIRECTOR 0 179369 0 0 0 0 0 13094 0 38241 0 230704 0 0 A BUILD NYC RESOURCE CORPORATION 454040561 12008EDL7 2014-09-05 58150000 REFUND 2009A BONDS 0 0 0 A 58150000 58150000 2014 1 0 1 1 A 0 1 0 0 1 0 0 0 0 A 1 FORM 990, PART VI, SECTION A, LINE 3 QUEENS COLLEGE SPECIAL PROJECTS, INC. DOES NOT HAVE ITS OWN PAYROLL; QSR IS MANAGED BY A 3RD PARTY, CAPSTONE, THAT USES THEIR TAX ID FOR THE QSR EMPLOYEES. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM IN CONJUNCTION WITH THE ORGANIZATION'S FINANCIAL DEPARTMENT. A COPY OF THE DRAFT FORM 990 WAS CIRCULATED TO THE FULL BOARD OF TRUSTEES FOR DISCUSSION AND COMMENT. EACH BOARD MEMBER WAS PROVIDED AMPLE OPPORTUNITY TO COMMENT ON THE INFORMATION CONTAINED IN THE 990 PRIOR TO ITS FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE FUND OPERATES UNDER THE CONFLICT OF INTEREST POLICY OF ITS PARENT ORGANIZATION, QUEENS COLLEGE OF CUNY. EACH OFFICER, DIRECTOR, TRUSTEE, AND KEY EMPLOYEE OF THE COLLEGE IS REQUIRED TO ANNUALLY DISCLOSE ANY CONFLICTS OF INTEREST THAT ARISE BY VIRTUE OF THEIR EMPLOYMENT, BOARD SERVICE, OR POSITION WITH THE COLLEGE. THE COLLEGE MONITORS COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY THROUGH AN ANNUAL QUESTIONNAIRE/DISCLOSURE STATEMENT THAT IS DISTRIBUTED TO THESE INDIVIDUALS. POTENTIAL CONFLICTS ARE INVESTIGATED IMMEDIATELY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE TO THE PUBLIC BY RETAINING A COPY AT ITS PLACE OF BUSINESS. THE FORM 990 IS LIKEWISE PUBLISHED ON THE INTERNET AT WWW.GUIDESTAR.ORG. THE ORGANIZATION'S AUDITED FINANCIAL STATEMENTS, GOVERNING DOCUMENTS, AND CONFLICT OF INTEREST POLICY WILL BE AVAILABLE TO THE PUBLIC UPON REQUEST AND AT MANAGEMENT'S DISCRETION. FORM 990, PART XII, LINE 2C: NO CHANGES HAVE TAKEN PLACE DURING THE FISCAL YEAR ENDED JUNE 30, 2024. Q RESIDENCES LLC 65-30 KISSENA BOULEVARD FLUSHING NY 11367 911917512 DORM BUILDING NY 6619127 47568751 QCSP QUEENS COLLEGE OF THE CITY UNIVERSITY OF NEW YORK 65-30 KISSENA BOULEVARD FLUSHING NY 11367 116001344 EDUCATION NY 501(C)(3) LINE 6 N/A 0 0 0 1 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0