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← LOCAL 272 WELFARE FUND

Form 990 for tax year 2023

Filed by LOCAL 272 WELFARE FUND.

What the amendment changed

Compared with the return it replaced , filed 14 October 2025. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total expenses
$32,642,114 changed to $32,634,341
Total assets, end of year
$50,261,785 changed to $50,261,786
Total liabilities, end of year
$5,787,169 changed to $5,779,397
Net assets or fund balances, end of year
$44,474,616 changed to $44,482,389

Totals

Total revenue
$38,227,973
Total expenses
$32,634,341
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$36,580,877
Investment income
$1,647,096
Other revenue
$0
Total assets, end of year
$50,261,786
Total liabilities, end of year
$5,779,397
Net assets or fund balances, end of year
$44,482,389
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 $36,575,077 · related or exempt $36,575,077

  • 2b · Program service revenue: COBRA CONTRIBUTIONS

    total $5,800 · related or exempt $5,800

  • 3 · Investment income

    total $1,307,290 · excluded $1,307,290

  • 7a · Gross sales of assets other than inventory

    securities $21,433,794

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

    securities $21,093,988

  • 7c · Gain or loss

    securities $339,806

  • 7d · Net gain or loss

    total $339,806 · excluded $339,806

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $30,127,945

  • 7 · Other salaries and wages

    total $935,310

  • 8 · Pension plan contributions

    total $114,098

  • 9 · Other employee benefits

    total $39,783

  • 10 · Payroll taxes

    total $61,230

  • 11b · Fees: legal

    total $115,097

  • 11c · Fees: accounting

    total $182,125

  • 11f · Fees: investment management

    total $76,119

  • 11g · Fees: other

    total $28,708

  • 13 · Office expenses

    total $139,412

  • 14 · Information technology

    total $526,788

  • 16 · Occupancy

    total $225,977

  • 19 · Conferences, conventions and meetings

    total $108

  • 23 · Insurance

    total $61,641

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $9,729,574 · end of year $10,347,920

  • 2 · Savings and temporary cash investments

    beginning of year $1,585,927 · end of year $455,180

  • 4 · Accounts receivable

    beginning of year $4,023,390 · end of year $4,892,470

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

    $340,558

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

    $340,558

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $26,667,024 · end of year $34,242,738

  • 15 · Other assets

    beginning of year $470,954 · end of year $323,478

  • 17 · Accounts payable and accrued expenses

    beginning of year $229,941 · end of year $291,486

  • 25 · Other liabilities

    beginning of year $5,340,401 · end of year $5,487,911

  • 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 $36,906,527 · end of year $44,482,389

Mission and programs · 2023

Mission

TO PROVIDE HEALTH AND RELATED BENEFITS TO ELIGIBLE UNION MEMBERS AND THEIR DEPENDENTS.

  • TO PROVIDE HEALTH AND RELATED BENEFITS TO ELIGIBLE UNION MEMBERS AND THEIR DEPENDENTS.

As filed on the 2023 return.

Listed in Part VII

  • Fred Alston

    TRUSTEE

    Total calculated
    $303,105
    From this org
    $0
    From related orgs
    $271,820
    Other
    $31,285
    Hours/week
    5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $247,620 related
    Bonus
    $0
    Other
    $0 + $24,200 related
    Deferred
    $0 + $18,269 related
    Nontaxable benefits
    $0 + $13,016 related
    Filer's total
    $0 + $303,105 related
  • Eddie Rivera

    TRUSTEE

    Total calculated
    $292,485
    From this org
    $0
    From related orgs
    $263,020
    Other
    $29,465
    Hours/week
    5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $242,020 related
    Bonus
    $0
    Other
    $0 + $21,000 related
    Deferred
    $0 + $18,269 related
    Nontaxable benefits
    $0 + $11,196 related
    Filer's total
    $0 + $292,485 related
  • Jose Rojas

    TRUSTEE

    Total calculated
    $297,773
    From this org
    $0
    From related orgs
    $268,620
    Other
    $29,153
    Hours/week
    5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $244,820 related
    Bonus
    $0
    Other
    $0 + $23,800 related
    Deferred
    $0 + $18,269 related
    Nontaxable benefits
    $0 + $10,884 related
    Filer's total
    $0 + $297,773 related
  • Gordon Hamm

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 2 related
  • Lance Howard

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 2 related
  • Kenneth Rosenblatt

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 2 related
  • Marc A Goodman

    FUND MANAGER

    Total calculated
    $430,909
    From this org
    $407,430
    From related orgs
    $0
    Other
    $23,479
    Hours/week
    30 + 10 related

    Schedule J breakdown matched by us

    Base
    $407,430
    Bonus
    $0
    Other
    $0
    Deferred
    $17,409
    Nontaxable benefits
    $6,070
    Filer's total
    $430,909
  • Maria Banchs

    ASSIST. FUND MANAGER

    Total calculated
    $236,197
    From this org
    $212,718
    From related orgs
    $0
    Other
    $23,479
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $212,718
    Bonus
    $0
    Other
    $0
    Deferred
    $17,409
    Nontaxable benefits
    $6,070
    Filer's total
    $236,197
  • Carolyn Echols

    CLAIM EXAMINER

    Total calculated
    $159,059
    From this org
    $135,580
    From related orgs
    $0
    Other
    $23,479
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $135,580
    Bonus
    $0
    Other
    $0
    Deferred
    $17,409
    Nontaxable benefits
    $6,070
    Filer's total
    $159,059

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

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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.

  • LOCAL UNION 272 IBT

    501(C)(5) · LABOR UNION · NY

  • LOCAL 272 LABOR-MANAGEMENT PENSION FUND

    501A · PENSION FUND · NY

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.

  • 300 CPW APMTS CORP 90TH STR

    CONTRIBUTING EMPLOYER

  • 3100 MP PARKING INC

    CONTRIBUTING EMPLOYER

  • 3111 OCEAN PARKWAY ASSCO

    CONTRIBUTING EMPLOYER

  • 330 WEST 56ST ST CORP

    CONTRIBUTING EMPLOYER

  • 60TH STORAGE CORP

    CONTRIBUTING EMPLOYER

  • 615 GARAGE CORP

    CONTRIBUTING EMPLOYER

  • 95 MP PARKING INC 95 WALL ST

    CONTRIBUTING EMPLOYER

  • ABM PARKING SERVICES

    CONTRIBUTING EMPLOYER

  • AKAM ASSOCIATES- 500 E 83RD ST

    CONTRIBUTING EMPLOYER

  • ALGIN MANAGEMENT

    CONTRIBUTING EMPLOYER

  • AMALGAMATED HOUSING CORP

    CONTRIBUTING EMPLOYER

  • AVIS BUDGET GROUP

    CONTRIBUTING EMPLOYER

  • AVIS RENT A CAR SYSTEMS

    CONTRIBUTING EMPLOYER

  • BARROW STREET GARAGE LLC

    CONTRIBUTING EMPLOYER

  • BBD NYC PROPERTIES LLC

    CONTRIBUTING EMPLOYER

  • BIG CITY

    CONTRIBUTING EMPLOYER

  • CAR PARK SYSTEMS

    CONTRIBUTING EMPLOYER

  • CENTERPARK SERV LLC INTELLIPK

    CONTRIBUTING EMPLOYER

  • CHAMPION PARKING CORP

    CONTRIBUTING EMPLOYER

  • CHAPMAN CONSULTING LLC

    CONTRIBUTING EMPLOYER

  • CHEL PARK - MANAGED BY GMC

    CONTRIBUTING EMPLOYER

  • CITIPARKING LLC RON MASSIE

    CONTRIBUTING EMPLOYER

  • CITIZENS ICON HOLDINGS

    CONTRIBUTING EMPLOYER

  • CITY PARKING 700

    CONTRIBUTING EMPLOYER

  • DOCK PARKING LLC

    CONTRIBUTING EMPLOYER

  • DOUGLAS ELLIMAN AAF

    CONTRIBUTING EMPLOYER

  • ELEVEN RIVERSIDE DRIVE GAR COR

    CONTRIBUTING EMPLOYER

  • ELRAC LLC VANGUARD

    CONTRIBUTING EMPLOYER

  • ENTERPRISE PARKING SYSTEMS

    CONTRIBUTING EMPLOYER

  • FISHER BROTHERS

    CONTRIBUTING EMPLOYER

  • FREMAN GARAGE CORP

    CONTRIBUTING EMPLOYER

  • GMC LLC

    CONTRIBUTING EMPLOYER

  • GARSCH GARAGE CORP

    CONTRIBUTING EMPLOYER

  • GGMC PARKING LLC

    CONTRIBUTING EMPLOYER

  • GLENWOOD MANAGEMENT CORP

    CONTRIBUTING EMPLOYER

  • IMPARKREEF PARKING

    CONTRIBUTING EMPLOYER

  • IMPERIAL HOUSE LLC

    CONTRIBUTING EMPLOYER

  • IPARK IMPERIAL PARKING

    CONTRIBUTING EMPLOYER

  • ISABEL GARAGE YANKEE

    CONTRIBUTING EMPLOYER

  • LAZ PARKING LTD

    CONTRIBUTING EMPLOYER

  • LITTLE MAN PARKING

    CONTRIBUTING EMPLOYER

  • MANHATTAN PKG SYSTEM

    CONTRIBUTING EMPLOYER

  • MENDON TRUCK LEASING & RENTAL

    CONTRIBUTING EMPLOYER

  • MEYERS PARKING

    CONTRIBUTING EMPLOYER

  • MP CAROLE STORAGESWEETS PKG

    CONTRIBUTING EMPLOYER

  • MP MANAGING MEYERS

    CONTRIBUTING EMPLOYER

  • MP PIER PARKING LLC PIER 40

    CONTRIBUTING EMPLOYER

  • MP RUDIN LOCATIONS

    CONTRIBUTING EMPLOYER

  • MP-BRODSKY LOCATIONS

    CONTRIBUTING EMPLOYER

  • MPS MGMT ACCT CORPMP PAYROLL

    CONTRIBUTING EMPLOYER

  • NAGLE PARKING INC 31 NAGEL

    CONTRIBUTING EMPLOYER

  • NORTH 28 LLC

    CONTRIBUTING EMPLOYER

  • ONE PARKING INC

    CONTRIBUTING EMPLOYER

  • PARK KWIK LLC

    CONTRIBUTING EMPLOYER

  • PARK RIGHT CORP

    CONTRIBUTING EMPLOYER

  • PARK-IT MANAGEMENT

    CONTRIBUTING EMPLOYER

  • PREMIUM PKG SER INC

    CONTRIBUTING EMPLOYER

  • PROPARK AMERICA NY LLC

    CONTRIBUTING EMPLOYER

  • PUBLIC PARKING

    CONTRIBUTING EMPLOYER

  • QK HOSPITAL LOCATIONS

    CONTRIBUTING EMPLOYER

  • QKICON MGMT LOCATIONS

    CONTRIBUTING EMPLOYER

  • RAPID BY PROPARK

    CONTRIBUTING EMPLOYER

  • REDBALL PARKING SYSTEM

    CONTRIBUTING EMPLOYER

  • RUDIN MANAGEMENT

    CONTRIBUTING EMPLOYER

  • RYDER TRANSPORTATION SERVICE

    CONTRIBUTING EMPLOYER

  • SELECT GARAGES LLC

    CONTRIBUTING EMPLOYER

  • SPCORP

    CONTRIBUTING EMPLOYER

  • SQUARE PARKING LLC

    CONTRIBUTING EMPLOYER

  • SURREY GARAGE CORP 525 E 72ND

    CONTRIBUTING EMPLOYER

  • SYLVAN PARKING

    CONTRIBUTING EMPLOYER

  • TAFT GARAGE CORP

    CONTRIBUTING EMPLOYER

  • TCC HEALTH CARE CENTER

    CONTRIBUTING EMPLOYER

  • THE CAR PARK OF NY LLC ATLAS

    CONTRIBUTING EMPLOYER

  • VIVEKA HEALTH INC

    CONTRIBUTING EMPLOYER

  • WATERVIEWBAS PARKING

    CONTRIBUTING EMPLOYER

  • WELCOME PARKING

    CONTRIBUTING EMPLOYER

Provenance

Return type
form_990
Tax year
2023
Filed
16 January 2026
IRS schema version
2023v6.0
Source object
202620189349300152

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