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Nonprofiteer
← SERVICE EMPLOYEES 32BJ NORTH HEALTH FUND

Form 990 for tax year 2023

Filed by SERVICE EMPLOYEES 32BJ NORTH HEALTH FUND.

Totals

Total revenue
$52,039,620
Total expenses
$47,977,298
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$49,767,484
Investment income
$2,054,756
Other revenue
$217,380
Total assets, end of year
$59,854,991
Total liabilities, end of year
$1,629,525
Net assets or fund balances, end of year
$58,225,466
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: EMPLOYERS' CONTRIBUTIONS

    total $49,767,484 · related or exempt $49,767,484

  • 3 · Investment income

    total $1,522,664 · excluded $1,522,664

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    securities $14,327,724

  • 7b · Less cost or other basis and sales expenses

    securities $13,795,632

  • 7c · Gain or loss

    securities $532,092

  • 7d · Net gain or loss

    total $532,092 · excluded $532,092

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0 · unrelated business $0

  • 11a · Other revenue: INTEREST & ASSESSMENTS - P/R AUDITS

    total $210,025 · related or exempt $210,025

  • 11b · Other revenue: LIQUIDATED DAMAGES

    total $7,355 · related or exempt $7,355

  • 11e · Other revenue, total

    $217,380

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $46,204,746

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $0

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $144,791

  • 11c · Fees: accounting

    total $72,000

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $37,519

  • 11g · Fees: other

    total $172,911

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $16,465

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $3,366

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $83,087

  • 23 · Insurance

    total $26,334

  • 24a · Other expenses: ALLOCATED ADMIN SERVICES

    total $1,147,953

  • 24b · Other expenses: MEMBER COMPLIANCE PUBLICATIONS

    total $37,074

  • 24c · Other expenses: AFFORDABLE CARE ACT FEES

    total $15,237

  • 24d · Other expenses: BENEFIT COMMUNICATIONS

    total $10,528

  • 24e · All other expenses

    total $5,287

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $492 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $6,442,470 · end of year $2,706,304

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $4,608,467 · end of year $4,611,444

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $9,653 · end of year $12,567

  • 10a · Land, buildings and equipment: cost or other basis

    $985,739

  • 10b · Land, buildings and equipment: accumulated depreciation

    $739,699

  • 10c · Land, buildings and equipment, net

    beginning of year $207,430 · end of year $246,040

  • 11 · Investments: publicly traded securities

    beginning of year $40,676,236 · end of year $51,397,251

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $1,044,439 · end of year $881,385

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,083,740 · end of year $1,629,525

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $348,665 · end of year $0

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $51,556,782 · end of year $58,225,466

Mission and programs · 2023

Mission

TO PROVIDE HEALTH AND WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR DEPENDENTS THAT ARE COVERED BY COLLECTIVE-BARGAINING AGREEMENTS WITH SEIU LOCAL 32BJ OR OTHER WRITTEN AGREEMENTS WITH THE FUND'S BOARD OF TRUSTEES.

Activities or mission (Part I)

ESTABLISHED TO PROVIDE HEALTH AND WELFARE BENEFITS TO COVERED MEMBERS OF LOCAL 32BJ AND THEIR ELIGIBLE DEPENDENTS ESTABLISHED BY A COLLECTIVE-BARGAINING AGREEMENT.

  • HEALTH AND WELFARE BENEFITS - THE FUND PROVIDES HEALTH WELFARE BENEFITS TO APPROXIMATELY 2,594 MEMBERS.

As filed on the 2023 return.

Listed in Part VII

  • Shirley Aldebol

    TRUSTEE/CHAIR

    Total calculated
    $252,881
    From this org
    $0
    From related orgs
    $186,598
    Other
    $66,283
    Hours/week
    0.5 + 39.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $175,962 related
    Bonus
    $0
    Other
    $0 + $10,636 related
    Deferred
    $0 + $41,682 related
    Nontaxable benefits
    $0 + $24,601 related
    Filer's total
    $0 + $252,881 related

  • Elizabeth Baker

    TRUSTEE

    Total calculated
    $241,627
    From this org
    $0
    From related orgs
    $179,477
    Other
    $62,150
    Hours/week
    0.5 + 39.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $178,799 related
    Bonus
    $0
    Other
    $0 + $678 related
    Deferred
    $0 + $37,388 related
    Nontaxable benefits
    $0 + $24,762 related
    Filer's total
    $0 + $241,627 related

  • Peter Goldberger

    EXECUTIVE DIRECTOR

    Total calculated
    $10,571
    From this org
    $9,356
    From related orgs
    $0
    Other
    $1,215
    Hours/week
    0.5 + 39.5 related

    Schedule J breakdown matched by us

    Base
    $9,356
    Bonus
    $0
    Other
    $0
    Deferred
    $189
    Nontaxable benefits
    $1,026
    Filer's total
    $10,571

  • Steve Jenkins

    DEPUTY EXECUTIVE DIRECTOR

    Total calculated
    $5,838
    From this org
    $5,087
    From related orgs
    $0
    Other
    $751
    Hours/week
    0.62 + 0.36 related

    Schedule J breakdown matched by us

    Base
    $5,087
    Bonus
    $0
    Other
    $0
    Deferred
    $123
    Nontaxable benefits
    $628
    Filer's total
    $5,838

  • Elaine Pommells

    DIRECTOR OF FINANCE

    Total calculated
    $4,841
    From this org
    $4,186
    From related orgs
    $0
    Other
    $655
    Hours/week
    0.31 + 0.47 related

    Schedule J breakdown matched by us

    Base
    $4,186
    Bonus
    $0
    Other
    $0
    Deferred
    $110
    Nontaxable benefits
    $545
    Filer's total
    $4,841

  • William Schur

    TRUSTEE/SECRETARY

    Total calculated
    $0
    Hours/week
    0.5 + 39.5 related

  • Richard Berger

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 39.5 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

PART II - COMPENSATION FROM UNRELATED ORGANIZATION:
BUILDING SERVICE 32BJ HEALTH FUND PAYS COMPENSATION TO PETER GOLDBERGER FOR HIS SERVICES AS EXECUTIVE DIRECTOR, ELAINE POMMELLS FOR HER SERVICES AS DIRECTOR OF FINANCE AND STEVE JENKINS FOR HIS SERVICES AS DEPUTY EXECUTIVE DIRECTOR; OF WHICH A PORTION OF THEIR TIME IS ALLOCATED FOR SUCH SERVICES PERFORMED FOR 32BJ NORTH HEALTH SERVICES FUND.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • WAVECREST MANAGEMENT CO

    Directly controlled by NA

  • KRAUS MANAGEMENT INC

    Directly controlled by NA

  • AKAM ASSOCIATES INC

    Directly controlled by NA

  • GARTHCHESTER REALTY LTD

    Directly controlled by NA

  • HIGHBRIDGE COMMUNITY HDFC

    Directly controlled by NA

  • FIRSTSERVICE RESIDENTIAL

    Directly controlled by NA

  • PRESTIGE MANAGEMENT INC

    Directly controlled by NA

  • DOLPHIN PROPERTY SERVICE LLP

    Directly controlled by NA

  • PHIPPS HOUSES SERVICES INC

    Directly controlled by NA

  • FAIRSTEAD MANAGEMENT LLC

    Directly controlled by NA

  • NELSON MANAGEMENT GROUP LTD

    Directly controlled by NA

  • METRO MANAGEMENT DEVELOPMENT INC

    Directly controlled by NA

  • QUALITY BUILDING SERVICES CORP (QBS)

    Directly controlled by NA

  • AMALGAMATED HOUSING CORP

    Directly controlled by NA

  • ORSID REALTY CORP

    Directly controlled by NA

  • RY MANAGEMENT COMPANY

    Directly controlled by NA

  • WINNRESIDENTIAL NY LLC

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2023
Filed
2 October 2024
IRS schema version
2023v5.1
Source object
202402819349301875

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