District Council 1707-Home Care Employers Health And Welfare Fund
- Assets
- $25.8m
- Revenue
- $6.6m
- Investments
- $4.8m
- Employees
- 9
- Location
- New York, NY
- Founding
- 01/1993
- Data as of
- 12/2021
- EIN
- 13-3505523
Organization Overview
District Council 1707-Home Care Employers Health And Welfare Fund is located in New York, NY. The organization was established in 1993. According to its NTEE Classification (Y43) the organization is classified as: Voluntary Employees Beneficiary Associations (Non-Government), under the broad grouping of Mutual & Membership Benefit and related organizations. As of 12/2021, District Council 1707-Home Care Employers Health And Welfare Fund employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. District Council 1707-Home Care Employers Health And Welfare Fund is a 501(c)(9) and as such, is described as a "Voluntary Employees Beneficiary Association" by the IRS.
For the year ending 12/2021, District Council 1707-Home Care Employers Health And Welfare Fund generated $6.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (11.5%) each year. All expenses for the organization totaled $6.3m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (11.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HEALTH AND WELFARE BENEFITS TO DISTRICT COUNCIL 37 - LOCAL 389 MEMBERS AND DEPENDENTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE HEALTH AND WELFARE BENEFITS TO PARTICIPANTS AND DEPENDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lana Goykhberg Trustee | Trustee | 5 | $0 |
Floretha Scantlebury Trustee | Trustee | 5 | $0 |
Barbara Edmonds Trustee | Trustee | 5 | $0 |
Mark Parauda Trustee | Trustee | 5 | $0 |
Amy Kadlub Trustee | Trustee | 5 | $0 |
Erica Gray-Nelson Trustee | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Emblemhealth | 12/30/21 | $404,916 |
Jm Pension Advisory Inc | 12/30/21 | $168,291 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $5,724,290 |
| Investment income | $358,986 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $518,586 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,601,862 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $5,047,274 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $458,852 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $59,678 |
| Payroll taxes | $39,078 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $49,202 |
| Fees for services: Accounting | $47,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $38,117 |
| Fees for services: Other | $204,291 |
| Advertising and promotion | $0 |
| Office expenses | $42,110 |
| Information technology | $71,734 |
| Royalties | $0 |
| Occupancy | $222,364 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,337 |
| Insurance | $72,824 |
| All other expenses | -$524,837 |
| Total functional expenses | $6,345,282 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $943,445 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,128,353 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,101 |
| Net Land, buildings, and equipment | $2,120 |
| Investments—publicly traded securities | $17,943,932 |
| Investments—other securities | $4,817,632 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,903 |
| Total assets | $25,845,486 |
| Accounts payable and accrued expenses | $285,830 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,073,663 |
| Total liabilities | $3,359,493 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $22,485,993 |
| Total liabilities and net assets/fund balances | $25,845,486 |