Ny Hotel Trades Council & Hotel Assoc Of New York City Inc
- Assets
- $354.6m
- Revenue
- $314.1m
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 10/1948
- Data as of
- 12/2021
- 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 12/2021, 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lana T Vardanian Chief Medical Officer | Officer | 29 | $0 |
Andrew Windsor Chief Administrative Offic | Officer | 5 | $0 |
Dr David Jacobson Chief Executive Officer | Officer | 22 | $0 |
John Heim Chief Financial Officer | Officer | 22 | $0 |
Camille Napier Medical Director | Officer | 35 | $0 |
Karl Latortue Medical Director | Officer | 35 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
14 So Williamsport Holdings Llc Real Estate - Rent | 12/30/21 | $304,938 |
Hacels Llc Real Estate - Rent | 12/30/21 | $1,259,072 |
Empire Bluecrossblueshield Claims Processor | 12/30/21 | $2,385,612 |
Connect Your Care Claims Processor | 12/30/21 | $220,970 |
Pitta Llp Attorney | 12/30/21 | $343,468 |
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 | $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 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Delta Dental Of Pennsylvania Mechanicsburg, PA | $366,035,375 | $859,869,165 |
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 |
New Jersey Property Liability Basking Ridge, NJ | $270,074,908 | $113,404,286 |
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American Institute For Chartered Property Casualty Underwriters Malvern, PA | $315,144,713 | $90,590,145 |
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