Form 990 for tax year 2022
Filed by NEW YORK HOTEL TRADES COUNCIL AND HOTEL ASSOC OF NYC INC HEALTH BENE.
Totals
- Total revenue
- $447,170,967
- Total expenses
- $394,684,160
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $442,613,603
- Investment income
- $2,952,305
- Other revenue
- $1,605,059
- Total assets, end of year
- $381,570,475
- Total liabilities, end of year
- $33,709,960
- Net assets or fund balances, end of year
- $347,860,515
- 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: EMPLOYER CONTRIBUTIONS
total $423,018,886 · related or exempt $423,018,886
-
2b · Program service revenue: MEDICARE REIMBURSEMENTS
total $17,721,280 · related or exempt $17,721,280
-
2c · Program service revenue: PARTICIPANT CONTRIBUTIONS
total $1,873,437 · related or exempt $1,873,437
-
3 · Investment income
total $2,390,984 · excluded $2,390,984
-
7a · Gross sales of assets other than inventory
securities $125,000,000
-
7b · Less cost or other basis and sales expenses
securities $124,438,679
-
7c · Gain or loss
securities $561,321
-
7d · Net gain or loss
total $561,321 · excluded $561,321
-
11a · Other revenue: FORGIVENESS OF PPP LOAN
total $1,207,365 · related or exempt $1,207,365
-
11b · Other revenue: OTHER INCOME
total $397,694 · related or exempt $397,694
-
11e · Other revenue, total
$1,605,059
Functional expenses
Part IX, the statement of functional expenses.
-
4 · Benefits paid to or for members
total $375,485,223
-
7 · Other salaries and wages
total $4,252,915
-
8 · Pension plan contributions
total $1,319,371
-
10 · Payroll taxes
total $333,339
-
11b · Fees: legal
total $572,023
-
11c · Fees: accounting
total $180,888
-
11f · Fees: investment management
total $96,414
-
11g · Fees: other
total $8,726,946
-
13 · Office expenses
total $535,695
-
14 · Information technology
total $468,419
-
16 · Occupancy
total $1,611,403
-
17 · Travel
total $15,358
-
22 · Depreciation, depletion and amortization
total $748,573
-
23 · Insurance
total $156,157
-
24a · Other expenses: PCORI FEE
total $138,378
-
24b · Other expenses: OTHER SERVICES
total $43,058
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $43,479,160 · end of year $331,198
-
2 · Savings and temporary cash investments
beginning of year $0 · end of year $22,807,303
-
4 · Accounts receivable
beginning of year $66,632,498 · end of year $63,327,637
-
8 · Inventories for sale or use
beginning of year $2,117,705 · end of year $2,201,953
-
9 · Prepaid expenses and deferred charges
beginning of year $9,940,505 · end of year $2,427,227
-
10a · Land, buildings and equipment: cost or other basis
$19,750,366
-
10b · Land, buildings and equipment: accumulated depreciation
$16,314,669
-
10c · Land, buildings and equipment, net
beginning of year $3,641,875 · end of year $3,435,697
-
11 · Investments: publicly traded securities
beginning of year $130,883,496 · end of year $192,314,390
-
15 · Other assets
beginning of year $97,903,767 · end of year $94,725,070
-
17 · Accounts payable and accrued expenses
beginning of year $1,949,673 · end of year $243,060
-
25 · Other liabilities
beginning of year $31,477,800 · end of year $33,466,900
-
27 · Net assets without donor restrictions
beginning of year $321,171,533 · end of year $347,860,515
Mission and programs · 2022
Mission
TO PROVIDE MEDICAL, DENTAL, HOSPITALIZATION AND LIFE INSURANCE BENEFITS TO PARTICIPANTS.
-
THE EXEMPT PURPOSE OF THE ORGANIZATION IS TO PROVIDE MEDICAL, SURGICAL, HOSPITAL, ACCIDENT, DENTAL, OPTICAL AND LIFE INSURANCE BENEFITS TO ELIGIBLE PARTICIPANTS AND THEIR COVERED DEPENDENTS.
As filed on the 2022 return.
Listed in Part VII
-
Richard MarokoRICHARD MAROKO
CO-CHAIRMAN
- Total calculated
- $346,811
- From this org
- $0
- From related orgs
- $228,541
- Other
- $118,270
- Hours/week
- 0.1 + 0.6 related
Schedule J breakdown matched by us
- Base
- $0 + $228,541 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $53,136 related
- Nontaxable benefits
- $0 + $65,134 related
- Filer's total
- $0 + $346,811 related
-
Vijay DandapaniVIJAY DANDAPANI
CO-CHAIRMAN
- Total calculated
- $0
- Hours/week
- 0.1 + 0.6 related
-
Kuba BrownKUBA BROWN
UNION TRUSTEE
- Total calculated
- $31,627
- From this org
- $0
- From related orgs
- $20,841
- Other
- $10,786
- Hours/week
- 0.1 + 0.6 related
-
Vanessa MeadeVANESSA MEADE
UNION TRUSTEE
- Total calculated
- $103,403
- From this org
- $0
- From related orgs
- $68,140
- Other
- $35,263
- Hours/week
- 0.1 + 0.6 related
-
Amy BokermanAMY BOKERMAN
UNION TRUSTEE
- Total calculated
- $296,743
- From this org
- $0
- From related orgs
- $195,547
- Other
- $101,196
- Hours/week
- 0.1 + 0.6 related
Schedule J breakdown matched by us
- Base
- $0 + $195,547 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $45,465 related
- Nontaxable benefits
- $0 + $55,731 related
- Filer's total
- $0 + $296,743 related
-
Joe MessineoJOE MESSINEO
UNION TRUSTEE
- Total calculated
- $183,374
- From this org
- $0
- From related orgs
- $120,840
- Other
- $62,534
- Hours/week
- 0.1 + 0.6 related
Schedule J breakdown matched by us
- Base
- $0 + $120,840 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $28,095 related
- Nontaxable benefits
- $0 + $34,439 related
- Filer's total
- $0 + $183,374 related
-
Alyssa TramposchALYSSA TRAMPOSCH
UNION TRUSTEE
- Total calculated
- $92,193
- From this org
- $0
- From related orgs
- $60,753
- Other
- $31,440
- Hours/week
- 0.1 + 0.6 related
-
George GreeneGEORGE GREENE
EMPLOYER TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.1 + 0.6 related
-
Amy RavitzAMY RAVITZ
EMPLOYER TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.1 + 0.6 related
-
Gus CecchiniGUS CECCHINI
EMPLOYER TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.1 + 0.6 related
-
Clara PelleranoCLARA PELLERANO
EMPLOYER TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.1 + 0.6 related
-
Steve BattaSTEVE BATTA
EMPLOYER TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.1 + 0.6 related
-
Michael D'AngeloMICHAEL D'ANGELO
EMPLOYER TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.1 + 0.6 related
-
Fred GrapsteinFRED GRAPSTEIN
EMPLOYER TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.1 + 0.6 related
-
Tom MituzasTOM MITUZAS
EMPLOYER TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.1 + 0.6 related
-
Dr David JacobsonDR DAVID JACOBSON
CHIEF EXECUTIVE OFFICER
- Total calculated
- $1,793,557
- From this org
- $0
- From related orgs
- $1,268,386
- Other
- $525,171
- Hours/week
- 22 + 18 related
Schedule J breakdown matched by us
- Base
- $0 + $1,268,386 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $163,681 related
- Nontaxable benefits
- $0 + $361,490 related
- Filer's total
- $0 + $1,793,557 related
-
John HeimJOHN HEIM
CHIEF FINANCIAL OFFICER
- Total calculated
- $700,904
- From this org
- $0
- From related orgs
- $482,305
- Other
- $218,599
- Hours/week
- 22 + 18 related
Schedule J breakdown matched by us
- Base
- $0 + $482,305 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $81,142 related
- Nontaxable benefits
- $0 + $137,457 related
- Filer's total
- $0 + $700,904 related
-
Lana T VardanianLANA T VARDANIAN
CHIEF MEDICAL OFFICER
- Total calculated
- $679,600
- From this org
- $0
- From related orgs
- $466,978
- Other
- $212,622
- Hours/week
- 29 + 11 related
Schedule J breakdown matched by us
- Base
- $0 + $466,978 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $79,533 related
- Nontaxable benefits
- $0 + $133,089 related
- Filer's total
- $0 + $679,600 related
-
Andrew WindsorANDREW WINDSOR
CHIEF ADMINISTRATIVE OFFIC
- Total calculated
- $415,136
- From this org
- $0
- From related orgs
- $278,623
- Other
- $136,513
- Hours/week
- 5 + 35 related
Schedule J breakdown matched by us
- Base
- $0 + $278,623 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $57,105 related
- Nontaxable benefits
- $0 + $79,408 related
- Filer's total
- $0 + $415,136 related
-
Robert LaffertyROBERT LAFFERTY
CHIEF OPERATING OFFICER
- Total calculated
- $332,969
- From this org
- $0
- From related orgs
- $239,546
- Other
- $93,423
- Hours/week
- 5 + 35 related
Schedule J breakdown matched by us
- Base
- $0 + $239,546 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $25,152 related
- Nontaxable benefits
- $0 + $68,271 related
- Filer's total
- $0 + $332,969 related
-
Ashok D'SouzaASHOK D'SOUZA
MEDICAL DIRECTOR
- Total calculated
- $614,418
- From this org
- $0
- From related orgs
- $420,085
- Other
- $194,333
- Hours/week
- 35 + 5 related
Schedule J breakdown matched by us
- Base
- $0 + $420,085 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $74,609 related
- Nontaxable benefits
- $0 + $119,724 related
- Filer's total
- $0 + $614,418 related
-
Krystal Renee JenkinsKRYSTAL RENEE JENKINS
MEDICAL DIRECTOR
- Total calculated
- $371,438
- From this org
- $0
- From related orgs
- $263,445
- Other
- $107,993
- Hours/week
- 35 + 5 related
Schedule J breakdown matched by us
- Base
- $0 + $263,445 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $32,911 related
- Nontaxable benefits
- $0 + $75,082 related
- Filer's total
- $0 + $371,438 related
-
Karl LatortueKARL LATORTUE
MEDICAL DIRECTOR
- Total calculated
- $386,090
- From this org
- $0
- From related orgs
- $259,121
- Other
- $126,969
- Hours/week
- 35 + 5 related
Schedule J breakdown matched by us
- Base
- $0 + $259,121 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $53,120 related
- Nontaxable benefits
- $0 + $73,849 related
- Filer's total
- $0 + $386,090 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
- 4b · Supplemental nonqualified retirement plan
Answered no
- 4a · Severance or change-of-control payment
- 4c · Equity-based compensation arrangement
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.
-
NYHTC ASSN OF NYC INC PENSION FUND
1 401-1(B)(3) · TO PROVIDE RETIREMENT BENEFITS · NY
-
NYHTC ASSN OF NYC INC LEGAL SERVICES FUND
501(C)(9) · TO PROVIDE PERSONAL LEGAL ASSISTANCE · NY
-
NYHTC ASSN OF NYC INC TRAINING & SCHOLARSH
501(C)(3) · TO PROVIDE INDUSTRY TRAINING & SCHOLARSHIPS · NY
-
NYHTC ASSN OF NYC INC HEALTH CENTER INC
501(C)(9) · TO PROVIDE MEDICAL & SURGICAL CARE · NY
-
NYHTC ASSN OF NYC INC STAFF RETIREMENT PLA
1 401-1(B)(3) · TO PROVIDE RETIREMENT BENEFITS · NY
-
NYHTC ASSN OF NYC INC 401(K) FUND
1 401-1(B)(3) · TO PROVIDE RETIREMENT BENEFITS · NY
-
NYHTC ASSN OF NYC INC STAFF INSURANCE FUND
501(C)(9) · TO PROVIDE MEDICAL INSURANCE AND OTHER BENEFITS · NY
-
NYHTC ASSN OF NYC INC ANNUITY FUND
1 401-1(B)(3) · TO PROVIDE RETIREMENT BENEFITS · NY
-
NYHTC ASSN OF NYC INC LMC TRUST FUND
501(C)(5) · TO ENHANCE THE RELATIONSHIP BETWEEN HOTEL OWNERS AND THEIR EMPLOYEES · NY
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 10 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202323149349302647
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