Petition updateSave the only Masjid on Lakeshore - Preserve American Islamic College: Stop the Sale

Digging Deeper: Questions About 4000 Marine Drive LLC and AIC's Property Sale

Preserve AICChicago, IL, United States
Aug 16, 2023

As-salamu alaykum Everyone,

As our journey continues, we're raising crucial questions about the newly incorporated 4000 Marine Drive LLC (the new owner of AIC property), which is linked to KGiles LLC and CA Ventures. 

Urgent Queries Regarding KGiles LLC and CA Ventures:

  1. Why is the 4000 Marine Drive LLC incorporated as a "Foreign" LLC in Illinois, while seemingly managed by KGILES LLC, INC., categorized as a "Domestic" Corporation?
  2. What is the nature of the connection between these entities, and why were they seemingly favored for this purchase?

Some questions revolve around their connection to Timothy J. Gianotti, AIC's President, and Randal Muhammad, Vice President of Finance & Administration.

Unveiling Mysteries: Questions Surrounding 4000 Marine Drive LLC

  1. How was a property valued between 35 - 40 million sold for just 12 million? The terms of this sale demand scrutiny.
  2. What ties exist between these entities and American Islamic College's leadership, especially Timothy J. Gianotti and Randal Muhammad?
  3. What motives led to the sale of a vital institution's only asset, potentially jeopardizing its legacy?
  4. How can we ensure transparency regarding the sale agreement, which remains undisclosed despite involving a nonprofit institution's property?

Demand for Transparency and Accountability:

We're advocating for transparency in this matter. These questions need answers, not only to safeguard the institution's legacy but to ensure ethical decision-making and responsible fiduciary management.

Our Call to Action:

We're not backing down. Our journey for justice and preservation of the American Islamic College's heritage continues. We're involving the media, local alderman, and the mayor to ensure our concerns are heard.

Questioning Compensation Discrepancies:

Amidst financial challenges and with only eight students, Timothy J. Gianotti's substantial annual salary of $125,400 in 2022 and $121,070 in 2021 raises ethical questions about resource allocation.

Join Us in Defending the Legacy:

The legacy of the American Islamic College is more than just a building; it's a testament to our identity and values. Stand with us to safeguard this legacy for generations to come.

Warm regards,

Sadik Halilovic and Concerned Congregants of AIC Masjid

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