Ny Hotel Trades Council & Hotel Assoc Of New York City Inc
- Assets
- $381.6m
- Revenue
- $447.2m
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 10/1948
- Data as of
- 12/2022
- EIN
- 13-6126923
Organization Overview
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 12/2022, NY Hotel Trades Council & Hotel Assoc Of New York City Inc generated $447.2m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $394.7m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.4%) per year over the past 8 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
2022
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Maroko Co-Chairman | Trustee | 0.1 | $0 |
Vijay Dandapani Co-Chairman | Trustee | 0.1 | $0 |
Kuba Brown Union Trustee | Trustee | 0.1 | $0 |
Vanessa Meade Union Trustee | Trustee | 0.1 | $0 |
Amy Bokerman Union Trustee | Trustee | 0.1 | $0 |
Joe Messineo Union Trustee | Trustee | 0.1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Empire Bluecrossblueshield Claims Processor | 12/30/22 | $7,733,424 |
Hacels Llc Real Estate - Rent | 12/30/22 | $1,319,939 |
14 So Williamsport Holdings Llc Real Estate - Rent | 12/30/22 | $649,243 |
Connect Your Care Claims Processor | 12/30/22 | $453,932 |
Pitta Llp Attorney | 12/30/22 | $318,459 |
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 | $442,613,603 |
| Investment income | $2,390,984 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $561,321 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $447,170,967 |
| 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 | $375,485,223 |
| 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 | $4,252,915 |
| Pension plan accruals and contributions | $1,319,371 |
| Other employee benefits | $0 |
| Payroll taxes | $333,339 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $572,023 |
| Fees for services: Accounting | $180,888 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $96,414 |
| Fees for services: Other | $8,726,946 |
| Advertising and promotion | $0 |
| Office expenses | $535,695 |
| Information technology | $468,419 |
| Royalties | $0 |
| Occupancy | $1,611,403 |
| Travel | $15,358 |
| 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 | $748,573 |
| Insurance | $156,157 |
| All other expenses | $0 |
| Total functional expenses | $394,684,160 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $331,198 |
| Savings and temporary cash investments | $22,807,303 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $63,327,637 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,201,953 |
| Prepaid expenses and deferred charges | $2,427,227 |
| Net Land, buildings, and equipment | $3,435,697 |
| Investments—publicly traded securities | $192,314,390 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $94,725,070 |
| Total assets | $381,570,475 |
| Accounts payable and accrued expenses | $243,060 |
| 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 | $33,466,900 |
| Total liabilities | $33,709,960 |
| Net assets without donor restrictions | $347,860,515 |
| 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 | $381,570,475 |