District Council 1707-Home Care Employers Health And Welfare Fund
- Assets
- $21.8m
- Revenue
- $5.7m
- Investments
- $3.3m
- Employees
- 8
- Location
- New York, NY
- Founding
- 01/1993
- Data as of
- 12/2022
- 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 12/2022, District Council 1707-Home Care Employers Health And Welfare Fund employed 8 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 12/2022, District Council 1707-Home Care Employers Health And Welfare Fund generated $5.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (11.7%) each year. All expenses for the organization totaled $7.1m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (9.0%) 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 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 |
Jahmila Edwards 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 Claims Processing | 12/30/22 | $286,758 |
Browne Legal Consulting Pllc Administration Services | 12/30/22 | $145,833 |
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 | $5,310,358 |
| Investment income | $389,983 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $41,875 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,742,216 |
| 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 | $5,973,450 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $437,116 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $55,731 |
| Payroll taxes | $35,288 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $57,451 |
| Fees for services: Accounting | $47,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $35,892 |
| Fees for services: Other | $223,833 |
| Advertising and promotion | $0 |
| Office expenses | $39,488 |
| Information technology | $55,001 |
| Royalties | $0 |
| Occupancy | $238,442 |
| 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 | $1,685 |
| Insurance | $59,289 |
| All other expenses | -$461,012 |
| Total functional expenses | $7,148,953 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,942,477 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,018,102 |
| 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 | $78,356 |
| Net Land, buildings, and equipment | $435 |
| Investments—publicly traded securities | $14,479,147 |
| Investments—other securities | $3,270,784 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,903 |
| Total assets | $21,796,204 |
| Accounts payable and accrued expenses | $931,877 |
| 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 | $3,315,470 |
| Total liabilities | $4,247,347 |
| 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 | $17,548,857 |
| Total liabilities and net assets/fund balances | $21,796,204 |