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← NEW YORK HOTEL TRADES COUNCIL AND HOTEL ASSOC OF NYC INC HEALTH BENE

Form 990 for tax year 2023

Filed by NEW YORK HOTEL TRADES COUNCIL AND HOTEL ASSOC OF NYC INC HEALTH BENE.

Totals

Total revenue
$509,607,220
Total expenses
$480,119,669
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$500,445,181
Investment income
$9,162,039
Other revenue
$0
Total assets, end of year
$420,840,785
Total liabilities, end of year
$31,672,123
Net assets or fund balances, end of year
$389,168,662
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 $486,550,702 · related or exempt $486,550,702

  • 2b · Program service revenue: MEDICARE REIMBURSEMENTS

    total $12,836,066 · related or exempt $12,836,066

  • 2c · Program service revenue: PARTICIPANT CONTRIBUTIONS

    total $1,058,413 · related or exempt $1,058,413

  • 3 · Investment income

    total $5,837,896 · excluded $5,837,896

  • 7a · Gross sales of assets other than inventory

    securities $321,453,875

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

    securities $318,129,732

  • 7c · Gain or loss

    securities $3,324,143

  • 7d · Net gain or loss

    total $3,324,143 · excluded $3,324,143

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $459,673,305

  • 7 · Other salaries and wages

    total $4,971,945

  • 8 · Pension plan contributions

    total $1,542,188

  • 10 · Payroll taxes

    total $391,942

  • 11b · Fees: legal

    total $609,946

  • 11c · Fees: accounting

    total $279,038

  • 11f · Fees: investment management

    total $150,837

  • 11g · Fees: other

    total $9,263,905

  • 13 · Office expenses

    total $780,251

  • 14 · Information technology

    total $478,891

  • 16 · Occupancy

    total $806,067

  • 17 · Travel

    total $7,177

  • 22 · Depreciation, depletion and amortization

    total $791,624

  • 23 · Insurance

    total $143,039

  • 24a · Other expenses: PCORI FEE

    total $187,567

  • 24b · Other expenses: OTHER SERVICES

    total $41,947

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $331,198 · end of year $455,500

  • 2 · Savings and temporary cash investments

    beginning of year $22,807,303 · end of year $32,142,933

  • 4 · Accounts receivable

    beginning of year $63,327,637 · end of year $48,294,287

  • 8 · Inventories for sale or use

    beginning of year $2,201,953 · end of year $3,118,457

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,427,227 · end of year $2,308,076

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

    $21,020,681

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

    $17,106,291

  • 10c · Land, buildings and equipment, net

    beginning of year $3,435,697 · end of year $3,914,390

  • 11 · Investments: publicly traded securities

    beginning of year $192,314,390 · end of year $239,060,770

  • 15 · Other assets

    beginning of year $94,725,070 · end of year $91,546,372

  • 17 · Accounts payable and accrued expenses

    beginning of year $243,060 · end of year $268,223

  • 25 · Other liabilities

    beginning of year $33,466,900 · end of year $31,403,900

  • 27 · Net assets without donor restrictions

    beginning of year $347,860,515 · end of year $389,168,662

Mission and programs · 2023

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 2023 return.

Listed in Part VII

  • DR DAVID JACOBSON

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $2,385,634
    From this org
    $0
    From related orgs
    $1,694,700
    Other
    $690,934
    Hours/week
    10 + 30 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,694,700 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $207,944 related
    Nontaxable benefits
    $0 + $482,990 related
    Filer's total
    $0 + $2,385,634 related

  • JOHN HEIM

    CHIEF FINANCIAL OFFICER

    Total calculated
    $712,243
    From this org
    $0
    From related orgs
    $490,823
    Other
    $221,420
    Hours/week
    10 + 30 related

    Schedule J breakdown matched by us

    Base
    $0 + $490,823 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $81,536 related
    Nontaxable benefits
    $0 + $139,884 related
    Filer's total
    $0 + $712,243 related

  • LANA T VARDANIAN

    CHIEF MEDICAL OFFICER

    Total calculated
    $709,989
    From this org
    $0
    From related orgs
    $489,201
    Other
    $220,788
    Hours/week
    11 + 29 related

    Schedule J breakdown matched by us

    Base
    $0 + $489,201 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $81,366 related
    Nontaxable benefits
    $0 + $139,422 related
    Filer's total
    $0 + $709,989 related

  • ANDREW WINDSOR

    CHIEF ADMINISTRATIVE OFFIC

    Total calculated
    $459,037
    From this org
    $0
    From related orgs
    $308,660
    Other
    $150,377
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $308,660 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $62,409 related
    Nontaxable benefits
    $0 + $87,968 related
    Filer's total
    $0 + $459,037 related

  • ROBERT LAFFERTY

    CHIEF OPERATING OFFICER

    Total calculated
    $619,852
    From this org
    $0
    From related orgs
    $429,749
    Other
    $190,103
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $429,749 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $67,624 related
    Nontaxable benefits
    $0 + $122,479 related
    Filer's total
    $0 + $619,852 related

  • ASHOK D'SOUZA

    MEDICAL DIRECTOR

    Total calculated
    $619,507
    From this org
    $0
    From related orgs
    $433,247
    Other
    $186,260
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $433,247 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $62,785 related
    Nontaxable benefits
    $0 + $123,475 related
    Filer's total
    $0 + $619,507 related

  • KRYSTAL RENEE JENKINS

    MEDICAL DIRECTOR

    Total calculated
    $405,818
    From this org
    $0
    From related orgs
    $275,768
    Other
    $130,050
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $275,768 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $51,456 related
    Nontaxable benefits
    $0 + $78,594 related
    Filer's total
    $0 + $405,818 related

  • KARL LATORTUE

    MEDICAL DIRECTOR

    Total calculated
    $419,403
    From this org
    $0
    From related orgs
    $280,146
    Other
    $139,257
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $280,146 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $59,415 related
    Nontaxable benefits
    $0 + $79,842 related
    Filer's total
    $0 + $419,403 related

  • LUISA NOGUERA COUGHLAN

    MEDICAL DIRECTOR

    Total calculated
    $391,823
    From this org
    $0
    From related orgs
    $273,424
    Other
    $118,399
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $273,424 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $40,473 related
    Nontaxable benefits
    $0 + $77,926 related
    Filer's total
    $0 + $391,823 related

  • RICHARD MAROKO

    CO-CHAIRMAN

    Total calculated
    $476,528
    From this org
    $0
    From related orgs
    $297,571
    Other
    $178,957
    Hours/week
    0.1 + 0.6 related

    Schedule J breakdown matched by us

    Base
    $0 + $297,571 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $97,125 related
    Nontaxable benefits
    $0 + $81,832 related
    Filer's total
    $0 + $476,528 related

  • VIJAY DANDAPANI

    CO-CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.1 + 0.6 related

  • KUBA BROWN

    UNION TRUSTEE

    Total calculated
    $33,424
    From this org
    $0
    From related orgs
    $21,810
    Other
    $11,614
    Hours/week
    0.1 + 0.6 related

  • VANESSA MEADE

    UNION TRUSTEE

    Total calculated
    $119,462
    From this org
    $0
    From related orgs
    $77,952
    Other
    $41,510
    Hours/week
    0.1 + 0.6 related

  • AMY BOKERMAN

    UNION TRUSTEE

    Total calculated
    $326,772
    From this org
    $0
    From related orgs
    $213,228
    Other
    $113,544
    Hours/week
    0.1 + 0.6 related

    Schedule J breakdown matched by us

    Base
    $0 + $213,228 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $54,906 related
    Nontaxable benefits
    $0 + $58,638 related
    Filer's total
    $0 + $326,772 related

  • JOE MESSINEO

    UNION TRUSTEE

    Total calculated
    $193,187
    From this org
    $0
    From related orgs
    $126,060
    Other
    $67,127
    Hours/week
    0.1 + 0.6 related

    Schedule J breakdown matched by us

    Base
    $0 + $126,060 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $32,460 related
    Nontaxable benefits
    $0 + $34,667 related
    Filer's total
    $0 + $193,187 related

  • ALYSSA TRAMPOSCH

    UNION TRUSTEE

    Total calculated
    $110,383
    From this org
    $0
    From related orgs
    $72,028
    Other
    $38,355
    Hours/week
    0.1 + 0.6 related

  • GEORGE GREENE

    EMPLOYER TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1 + 0.6 related

  • WEI HUANG

    EMPLOYER TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1 + 0.6 related

  • GUS CECCHINI

    EMPLOYER TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1 + 0.6 related

  • CLARA PELLERANO

    EMPLOYER TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1 + 0.6 related

  • STEVE BATTA

    EMPLOYER TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1 + 0.6 related

  • MICHAEL D'ANGELO

    EMPLOYER TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1 + 0.6 related

  • FRED GRAPSTEIN

    EMPLOYER TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1 + 0.6 related

  • JOSEPH DELLI SANTI

    EMPLOYER TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1 + 0.6 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.

Provenance

Return type
form_990
Tax year
2023
Filed
6 November 2024
IRS schema version
2023v5.1
Source object
202423119349303107

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