Ny Hotel Trades Council & Hotel Assoc Of New York City Inc is located in New York, NY. The organization was established in 1948. According to its NTEE Classification (Y20) the organization is classified as: Insurance Providers, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. NY Hotel Trades Council & Hotel Assoc Of New York City Inc 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, NY Hotel Trades Council & Hotel Assoc Of New York City Inc generated $314.1m 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 (5.4%) each year. All expenses for the organization totaled $287.7m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.9%) 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 MEDICAL, DENTAL, HOSPITALIZATION AND LIFE INSURANCE BENEFITS TO PARTICIPANTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Dr David Jacobson Chief Executive Officer | Officer | 22 | $0 |
John Heim Chief Financial Officer | Officer | 22 | $0 |
Lana T Vardanian Chief Medical Officer | Officer | 29 | $0 |
Camille Napier Medical Director | Officer | 35 | $0 |
Andrew Windsor Chief Administrative Offic | Officer | 5 | $0 |
Karl Latortue Medical Director | Officer | 35 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Empire Bluecrossblueshield Claims Processor | 12/30/21 | $2,385,612 |
Hacels Llc Real Estate - Rent | 12/30/21 | $1,259,072 |
Pitta Llp Attorney | 12/30/21 | $343,468 |
14 So Williamsport Holdings Llc Real Estate - Rent | 12/30/21 | $304,938 |
Connect Your Care Claims Processor | 12/30/21 | $220,970 |
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 | $286,580,813 |
Investment income | $1,730,183 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $314,147,563 |
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 | $272,290,492 |
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 | $3,790,608 |
Pension plan accruals and contributions | $1,174,786 |
Other employee benefits | $0 |
Payroll taxes | $300,552 |
Fees for services: Management | $0 |
Fees for services: Legal | $605,198 |
Fees for services: Accounting | $84,218 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $63,812 |
Fees for services: Other | $5,966,179 |
Advertising and promotion | $0 |
Office expenses | $568,609 |
Information technology | $377,970 |
Royalties | $0 |
Occupancy | $1,503,038 |
Travel | $2,565 |
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 | $801,829 |
Insurance | $101,177 |
All other expenses | $0 |
Total functional expenses | $287,744,198 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $43,479,160 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $66,632,498 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $2,117,705 |
Prepaid expenses and deferred charges | $9,940,505 |
Net Land, buildings, and equipment | $3,641,875 |
Investments—publicly traded securities | $130,883,496 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $97,903,767 |
Total assets | $354,599,006 |
Accounts payable and accrued expenses | $1,949,673 |
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 | $31,477,800 |
Total liabilities | $33,427,473 |
Net assets without donor restrictions | $321,171,533 |
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 | $0 |
Total liabilities and net assets/fund balances | $354,599,006 |
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Delta Dental Of New York Inc Mechanicsburg, PA | $210,272,020 | $733,013,009 |
Ny Hotel Trades Council & Hotel Assoc Of New York City Inc New York, NY | $354,599,006 | $314,147,563 |
Delaware County Public Schools Healthcare Trust Morton, PA | $179,886,598 | $227,513,343 |
New York Trades Council & Hotel Association Of New York City New York, NY | $191,278,895 | $130,078,266 |
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Berks County School Districts Health Tr Reading, PA | $37,307,686 | $92,475,879 |
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Northwestern Region Employee Norebt Erie, PA | $17,910,540 | $63,223,264 |
Bna Cash Basis Veba Trust Brooklyn, NY | $0 | $57,496,830 |