Form 990 for tax year 2022
Filed by PAINTING INDUSTRY FUND BUILDING CORP.
Totals
- Total revenue
- $1,276,089
- Total expenses
- $588,014
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $1,275,865
- Investment income
- $224
- Other revenue
- $0
- Total assets, end of year
- $3,579,312
- Total liabilities, end of year
- $326,591
- Net assets or fund balances, end of year
- $3,252,721
- 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: RENTAL INCOME
total $1,275,865 · related or exempt $1,275,865
-
3 · Investment income
total $224 · excluded $224
Functional expenses
Part IX, the statement of functional expenses.
-
11b · Fees: legal
total $500
-
11g · Fees: other
total $4,500
-
13 · Office expenses
total $7,986
-
16 · Occupancy
total $412,036
-
22 · Depreciation, depletion and amortization
total $160,447
-
23 · Insurance
total $2,545
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $349,821 · end of year $88,120
-
9 · Prepaid expenses and deferred charges
beginning of year $76,664 · end of year $84,733
-
10a · Land, buildings and equipment: cost or other basis
$4,854,907
-
10b · Land, buildings and equipment: accumulated depreciation
$1,453,653
-
10c · Land, buildings and equipment, net
beginning of year $3,417,160 · end of year $3,401,254
-
15 · Other assets
beginning of year $16,106 · end of year $5,205
-
17 · Accounts payable and accrued expenses
beginning of year $1,295,105 · end of year $326,591
-
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 $2,564,646 · end of year $3,252,721
Mission and programs · 2022
Mission
THE CORPORATION IS AUTHORIZED TO HOLD TITLE TO PROPERTY FOR ITS TAX -EXEMPT PARENT ORGANIZATION.
-
THE CORPORATION IS AUTHORIZED TO HOLD TITLE TO PROPERTY, COLLECT INCOME THEREFROM AND TURN OVER THE ENTIRE AMOUNT, NET OF EXPENSES, TO ITS PARENT ORGANIZATION, WHICH THEMSELVES, ARE TAX EXEMPT.
As filed on the 2022 return.
Listed in Part VII
-
Jed ColdonJED COLDON
EMPLOYER TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Gordon RothGORDON ROTH
EMPLOYER TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Anthony SpezialeANTHONY SPEZIALE
UNION TRUSTEE
- Total calculated
- $247,517
- From this org
- $0
- From related orgs
- $162,510
- Other
- $85,007
- Hours/week
- 2 + 50 related
Schedule J breakdown matched by us
- Base
- $0 + $162,510 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $85,007 related
- Nontaxable benefits
- $0
- Filer's total
- $0 + $247,517 related
-
Todd HelfrichTODD HELFRICH
EMPLOYER TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Randy PearlmanRANDY PEARLMAN
EMPLOYER TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Bruce RuinskyBRUCE RUINSKY
EMPLOYER TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Joseph AzzopardiJOSEPH AZZOPARDI
UNION TRUSTEE
- Total calculated
- $529,909
- From this org
- $0
- From related orgs
- $374,180
- Other
- $155,729
- Hours/week
- 2 + 50 related
Schedule J breakdown matched by us
- Base
- $0 + $374,180 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $133,949 related
- Nontaxable benefits
- $0 + $21,780 related
- Filer's total
- $0 + $529,909 related
-
Radomir JelcicRADOMIR JELCIC
EMPLOYER TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Todd NugentTODD NUGENT
EMPLOYER TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
John GisondiJOHN GISONDI
EMPLOYER TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Jerome HaberJEROME HABER
EMPLOYER TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Peter CafieroPETER CAFIERO
EMPLOYER TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Kieran AhernKIERAN AHERN
EMPLOYER TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Dino ErbeliDINO ERBELI
EMPLOYER TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
John DrewJOHN DREW
UNION TRUSTEE
- Total calculated
- $328,532
- From this org
- $0
- From related orgs
- $218,616
- Other
- $109,916
- Hours/week
- 2 + 50 related
Schedule J breakdown matched by us
- Base
- $0 + $218,616 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $107,738 related
- Nontaxable benefits
- $0 + $2,178 related
- Filer's total
- $0 + $328,532 related
-
Richard HenshawRICHARD HENSHAW
EMPLOYER TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
John CarusoJOHN CARUSO
EMPLOYER TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Lee EckLEE ECK
UNION TRUSTEE
- Total calculated
- $193,961
- From this org
- $0
- From related orgs
- $112,857
- Other
- $81,104
- Hours/week
- 2 + 50 related
Schedule J breakdown matched by us
- Base
- $0 + $112,857 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $62,906 related
- Nontaxable benefits
- $0 + $18,198 related
- Filer's total
- $0 + $193,961 related
-
Kyle NugentKYLE NUGENT
EMPLOYER TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Archie ErbeliARCHIE ERBELI
EMPLOYER TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Nicholas MilazzoNICHOLAS MILAZZO
UNION TRUSTEE
- Total calculated
- $303,546
- From this org
- $0
- From related orgs
- $200,458
- Other
- $103,088
- Hours/week
- 2 + 50 related
Schedule J breakdown matched by us
- Base
- $0 + $200,458 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $83,115 related
- Nontaxable benefits
- $0 + $19,973 related
- Filer's total
- $0 + $303,546 related
-
Stacy PecchiaSTACY PECCHIA
ASSISTANT FUND ADMINISTRATOR
- Total calculated
- $221,232
- From this org
- $0
- From related orgs
- $133,458
- Other
- $87,774
- Hours/week
- 2 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $133,458 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $60,324 related
- Nontaxable benefits
- $0 + $27,450 related
- Filer's total
- $0 + $221,232 related
-
Matthew GaetaMATTHEW GAETA
UNION TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Stephen BriceSTEPHEN BRICE
UNION TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Scott HaberSCOTT HABER
EMPLOYER TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Lloyd GoldenbergLLOYD GOLDENBERG
CO-FUND ADMINISTRATOR
- Total calculated
- $172,255
- From this org
- $0
- From related orgs
- $113,859
- Other
- $58,396
- Hours/week
- 2 + 55 related
Schedule J breakdown matched by us
- Base
- $0 + $113,859 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $39,463 related
- Nontaxable benefits
- $0 + $18,933 related
- Filer's total
- $0 + $172,255 related
-
Kevin McMenomyKEVIN MCMENOMY
CONTROLLER
- Total calculated
- $269,416
- From this org
- $0
- From related orgs
- $166,755
- Other
- $102,661
- Hours/week
- 2 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $166,755 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $70,935 related
- Nontaxable benefits
- $0 + $31,726 related
- Filer's total
- $0 + $269,416 related
-
Salvatore SavareseSALVATORE SAVARESE
FUND EMPLOYEE
- Total calculated
- $303,635
- From this org
- $0
- From related orgs
- $185,626
- Other
- $118,009
- Hours/week
- 2 + 50 related
Schedule J breakdown matched by us
- Base
- $0 + $185,626 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $83,696 related
- Nontaxable benefits
- $0 + $34,313 related
- Filer's total
- $0 + $303,635 related
-
Aurelia CiocoiAURELIA CIOCOI
FUND ADMINISTRATOR
- Total calculated
- $317,318
- From this org
- $0
- From related orgs
- $188,142
- Other
- $129,176
- Hours/week
- 2 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $188,142 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $94,139 related
- Nontaxable benefits
- $0 + $35,037 related
- Filer's total
- $0 + $317,318 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
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.
-
PAINTING INDUSTRY INSURANCE FUND
501(C)(9) · WELFARE BENEFIT FUND · NY
-
PAINTING INDUSTRY ANNUITY FUND
401(A)/501(A) · PENSION FUND · NY
-
FINISHING TRADES INSTITUTE OF NEW YORK
501(C)(3) · EDUCATION AND TRAINING FUND · NY
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 14 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202323189349309587
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