NEW YORK HOTEL TRADES COUNCIL AND HOTEL ASSOC OF NYC INC HEALTH BENE: Form 990, tax year 2023

View the entire original 990 at ProPublica ↗

Organization: NEW YORK HOTEL TRADES COUNCIL AND HOTEL ASSOC OF NYC INC HEALTH BENE (EIN 13-6126923)
Tax period: 2023-01-01 to 2023-12-31
Filed: 2024-11-06
IRS object ID: 202423119349303107
Schema version: 2023v5.1
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule D
Schedule J
Schedule O
Schedule R

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2024-11-06T13:59:57-06:00	ReturnTs
Tax Period End	2023-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	222951202	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	MSPC CPAS & ADVISORS PC	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	340 NORTH AVENUE EAST	AddressLine1Txt
City	CRANFORD	CityNm
State Abbreviation	NJ	StateAbbreviationCd
ZIP	070162496	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2023-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	136126923	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	NEW YORK HOTEL TRADES COUNCIL AND HOTEL	BusinessNameLine1Txt
Business Name Line2	ASSOC OF NYC INC HEALTH BENEFITS FUND	BusinessNameLine2Txt

Field	Value	IRS element (for citing)
Business Name Control	NEWY	BusinessNameControlTxt
Phone	2125866400	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	305 WEST 44TH STREET	AddressLine1Txt
City	NEW YORK	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	10036	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	DR DAVID JACOBSON	PersonNm
Person Title	CHIEF EXECUTIVE OFFICER	PersonTitleTxt
Phone	2125866400	PhoneNum
Signature	2024-11-06	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Field	Value	IRS element (for citing)
IRS Responsible Prty Info Curr	Yes (1)	IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	PATRICK M TROMBETTA CPA	PreparerPersonNm
PTIN	P00450410	PTIN
Phone	9082727000	PhoneNum

Field	Value	IRS element (for citing)
Tax	2023	TaxYr
Build TS	2024-10-15 13:58:12Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Principal Officer	DR DAVID JACOBSON	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	305 WEST 44TH STREET	AddressLine1Txt
City	NEW YORK	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	10036	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$827,736,952	GrossReceiptsAmt
Group Return For Affiliates	0	GroupReturnForAffiliatesInd
Organization501c	Yes (X)	Organization501cInd
Website Address	HOTELFUNDS,ORG	WebsiteAddressTxt
Type Of Organization Trust	Yes (X)	TypeOfOrganizationTrustInd
Formation	1944	FormationYr
Legal Domicile State	NY	LegalDomicileStateCd
Activity Or Mission	TO PROVIDE MEDICAL, DENTAL, HOSPITALIZATION AND LIFE INSURANCE BENEFITS TO PARTICIPANTS.	ActivityOrMissionDesc
Voting Members Governing Body	15	VotingMembersGoverningBodyCnt
Voting Members Independent	9	VotingMembersIndependentCnt
Total Employee	0	TotalEmployeeCnt
Total Volunteers	0	TotalVolunteersCnt
Total Gross UBI	$0	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$0	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$0	PYContributionsGrantsAmt
CY Contributions Grants	$0	CYContributionsGrantsAmt
PY Program Service Revenue	$442,613,603	PYProgramServiceRevenueAmt
CY Program Service Revenue	$500,445,181	CYProgramServiceRevenueAmt
PY Investment Income	$2,952,305	PYInvestmentIncomeAmt
CY Investment Income	$9,162,039	CYInvestmentIncomeAmt
PY Other Revenue	$1,605,059	PYOtherRevenueAmt
CY Other Revenue	$0	CYOtherRevenueAmt
PY Total Revenue	$447,170,967	PYTotalRevenueAmt
CY Total Revenue	$509,607,220	CYTotalRevenueAmt
PY Grants And Similar Paid	$0	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$0	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$375,485,223	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$459,673,305	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$5,905,625	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$6,906,075	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$0	CYTotalFundraisingExpenseAmt
PY Other Expenses	$13,293,312	PYOtherExpensesAmt
CY Other Expenses	$13,540,289	CYOtherExpensesAmt
PY Total Expenses	$394,684,160	PYTotalExpensesAmt
CY Total Expenses	$480,119,669	CYTotalExpensesAmt
PY Revenues Less Expenses	$52,486,807	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$29,487,551	CYRevenuesLessExpensesAmt
Total Assets BOY	$381,570,475	TotalAssetsBOYAmt
Total Assets EOY	$420,840,785	TotalAssetsEOYAmt
Total Liabilities BOY	$33,709,960	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$31,672,123	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$347,860,515	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$389,168,662	NetAssetsOrFundBalancesEOYAmt
Mission	TO PROVIDE MEDICAL, DENTAL, HOSPITALIZATION AND LIFE INSURANCE BENEFITS TO PARTICIPANTS.	MissionDesc
Significant New Program Srvc	0	SignificantNewProgramSrvcInd
Significant Change	0	SignificantChangeInd
Desc	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.	Desc
Described In Section501c3	0	DescribedInSection501c3Ind
Schedule B Required	0	ScheduleBRequiredInd
Political Campaign Acty	0	PoliticalCampaignActyInd
Subject To Proxy Tax	0	SubjectToProxyTaxInd
Donor Advised Fund	0	DonorAdvisedFundInd
Conservation Easements	0	ConservationEasementsInd
Collections Of Art	0	CollectionsOfArtInd
Credit Counseling	0	CreditCounselingInd
Donor Rstr Or Quasi Endowments	0	DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment	Yes (1)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	0	ReportInvestmentsOtherSecInd
Report Program Related Invst	0	ReportProgramRelatedInvstInd
Report Other Assets	Yes (1)	ReportOtherAssetsInd
Report Other Liabilities	Yes (1)	ReportOtherLiabilitiesInd
Include FIN48 Footnote	Yes (1)	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	Yes (1)	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	0	ConsolidatedAuditFinclStmtInd
School Operating	0	SchoolOperatingInd
Foreign Office	0	ForeignOfficeInd
Foreign Activities	0	ForeignActivitiesInd
More Than5000 K To Org	0	MoreThan5000KToOrgInd
More Than5000 K To Individuals	0	MoreThan5000KToIndividualsInd
Professional Fundraising	0	ProfessionalFundraisingInd
Fundraising Activities	0	FundraisingActivitiesInd
Gaming Activities	0	GamingActivitiesInd
Operate Hospital	0	OperateHospitalInd
Grants To Organizations	0	GrantsToOrganizationsInd
Grants To Individuals	0	GrantsToIndividualsInd
Schedule J Required	Yes (1)	ScheduleJRequiredInd
Tax Exempt Bonds	0	TaxExemptBondsInd
Loan Outstanding	0	LoanOutstandingInd
Grant To Related Person	0	GrantToRelatedPersonInd
Business Rln With Org Mem	0	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	0	BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent	0	BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri	0	DeductibleNonCashContriInd
Deductible Art Contribution	0	DeductibleArtContributionInd
Terminate Operations	0	TerminateOperationsInd
Partial Liquidation	0	PartialLiquidationInd
Disregarded Entity	0	DisregardedEntityInd
Related Entity	Yes (1)	RelatedEntityInd
Related Organization Ctrl Ent	0	RelatedOrganizationCtrlEntInd
Activities Conducted Prtshp	0	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (1)	ScheduleORequiredInd
IRP Document	103	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (1)	BackupWthldComplianceInd
Employee	0	EmployeeCnt
Unrelated Bus Incm Over Limit	0	UnrelatedBusIncmOverLimitInd
Foreign Financial Account	0	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTransInd
Taxable Party Notification	0	TaxablePartyNotificationInd
Nondeductible Contributions	0	NondeductibleContributionsInd
Quid Pro Quo Contributions	0	QuidProQuoContributionsInd
Form8282 Property Disposed Of	0	Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	0	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	0	PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services	0	IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt	0	SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc	0	SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	15	GoverningBodyVotingMembersCnt
Independent Voting Member	9	IndependentVotingMemberCnt
Family Or Business Rln	0	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	0	DelegationOfMgmtDutiesInd
Change To Org Documents	0	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	0	MaterialDiversionOrMisuseInd
Members Or Stockholders	0	MembersOrStockholdersInd
Election Of Board Members	0	ElectionOfBoardMembersInd
Decisions Subject To Approva	0	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (1)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (1)	MinutesOfCommitteesInd
Officer Mailing Address	0	OfficerMailingAddressInd
Local Chapters	0	LocalChaptersInd
Form990 Provided To Gvrn Body	Yes (1)	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (1)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (1)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (1)	RegularMonitoringEnfrcInd
Whistleblower Policy	Yes (1)	WhistleblowerPolicyInd
Document Retention Policy	Yes (1)	DocumentRetentionPolicyInd
Compensation Process CEO	Yes (1)	CompensationProcessCEOInd
Compensation Process Other	Yes (1)	CompensationProcessOtherInd
Investment In Joint Venture	0	InvestmentInJointVentureInd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	FUNDS OFFICE	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	2125866400	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	305 WEST 44TH STREET	AddressLine1Txt
City	NEW YORK	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	10036	ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (24 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt	OfficerOfficerInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	Key EmployeeKeyEmployeeInd	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd
DR DAVID JACOBSON
CHIEF EXECUTIVE OFFICER	10.00	30.00	Yes (X)	$0	$1,694,700	$690,934
JOHN HEIM
CHIEF FINANCIAL OFFICER	10.00	30.00	Yes (X)	$0	$490,823	$221,420
LANA T VARDANIAN
CHIEF MEDICAL OFFICER	11.00	29.00	Yes (X)	$0	$489,201	$220,788
ANDREW WINDSOR
CHIEF ADMINISTRATIVE OFFIC	5.00	35.00	Yes (X)	$0	$308,660	$150,377
ROBERT LAFFERTY
CHIEF OPERATING OFFICER	5.00	35.00	Yes (X)	$0	$429,749	$190,103
ASHOK D'SOUZA
MEDICAL DIRECTOR	5.00	35.00		$0	$433,247	$186,260	Yes (X)
KRYSTAL RENEE JENKINS
MEDICAL DIRECTOR	5.00	35.00		$0	$275,768	$130,050	Yes (X)
KARL LATORTUE
MEDICAL DIRECTOR	5.00	35.00		$0	$280,146	$139,257	Yes (X)
LUISA NOGUERA COUGHLAN
MEDICAL DIRECTOR	5.00	35.00		$0	$273,424	$118,399	Yes (X)
RICHARD MAROKO
CO-CHAIRMAN	0.10	0.60		$0	$297,571	$178,957		Yes (X)
VIJAY DANDAPANI
CO-CHAIRMAN	0.10	0.60		$0	$0	$0		Yes (X)
KUBA BROWN
UNION TRUSTEE	0.10	0.60		$0	$21,810	$11,614		Yes (X)
VANESSA MEADE
UNION TRUSTEE	0.10	0.60		$0	$77,952	$41,510		Yes (X)
AMY BOKERMAN
UNION TRUSTEE	0.10	0.60		$0	$213,228	$113,544		Yes (X)
JOE MESSINEO
UNION TRUSTEE	0.10	0.60		$0	$126,060	$67,127		Yes (X)
ALYSSA TRAMPOSCH
UNION TRUSTEE	0.10	0.60		$0	$72,028	$38,355		Yes (X)
GEORGE GREENE
EMPLOYER TRUSTEE	0.10	0.60		$0	$0	$0		Yes (X)
WEI HUANG
EMPLOYER TRUSTEE	0.10	0.60		$0	$0	$0		Yes (X)
GUS CECCHINI
EMPLOYER TRUSTEE	0.10	0.60		$0	$0	$0		Yes (X)
CLARA PELLERANO
EMPLOYER TRUSTEE	0.10	0.60		$0	$0	$0		Yes (X)
STEVE BATTA
EMPLOYER TRUSTEE	0.10	0.60		$0	$0	$0		Yes (X)
MICHAEL D'ANGELO
EMPLOYER TRUSTEE	0.10	0.60		$0	$0	$0		Yes (X)
FRED GRAPSTEIN
EMPLOYER TRUSTEE	0.10	0.60		$0	$0	$0		Yes (X)
JOSEPH DELLI SANTI
EMPLOYER TRUSTEE	0.10	0.60		$0	$0	$0		Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$0	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$5,484,367	TotReportableCompRltdOrgAmt
Total Other Compensation	$2,498,695	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	0	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	0	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	Yes (1)	TotalCompGreaterThan150KInd
Compensation From Other Srcs	0	CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1Txt	CityContractorAddress/USAddress/CityNm	State AbbreviationContractorAddress/USAddress/StateAbbreviationCd	ZIPContractorAddress/USAddress/ZIPCd	ServicesServicesDesc	CompensationCompensationAmt
EMPIRE BLUECROSSBLUESHIELD
1 LIBERTY STREET	NEW YORK	NY	10006	CLAIMS PROCESSOR	$8,364,248
HACELS LLC
305 WEST 44TH STREET	NEW YORK	NY	10036	REAL ESTATE - RENT	$621,433
CONNECT YOUR CARE
307 INTERNATIONAL CIRCLE	COKEYSVILLE	MD	21030	CLAIMS PROCESSOR	$502,821
PITTA LLP
120 BROADWAY	NEW YORK	NY	10271	ATTORNEY	$349,597
14 SO WILLIAMSPORT HOLDINGS LLC
14 PENN PLAZA	NEW YORK	NY	10122	REAL ESTATE - RENT	$290,612

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	19	CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp (3 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
EMPLOYERS' CONTRIBUTIONS	900099	$486,550,702	$486,550,702
MEDICARE REIMBURSEMENTS	900099	$12,836,066	$12,836,066
PARTICIPANT CONTRIBUTIONS	900099	$1,058,413	$1,058,413

Field	Value	IRS element (for citing)
Total Program Service Revenue	$500,445,181	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$5,837,896	TotalRevenueColumnAmt
Exclusion	$5,837,896	ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

Field	Value	IRS element (for citing)
Securities	$321,453,875	SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

Field	Value	IRS element (for citing)
Securities	$318,129,732	SecuritiesAmt

Gain Or Loss GainOrLossGrp

Field	Value	IRS element (for citing)
Securities	$3,324,143	SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$3,324,143	TotalRevenueColumnAmt
Exclusion	$3,324,143	ExclusionAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$509,607,220	TotalRevenueColumnAmt
Related Or Exempt Func Income	$500,445,181	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$9,162,039	ExclusionAmt

Benefits To Members BenefitsToMembersGrp

Field	Value	IRS element (for citing)
Total	$459,673,305	TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$4,971,945	TotalAmt

Pension Plan Contributions PensionPlanContributionsGrp

Field	Value	IRS element (for citing)
Total	$1,542,188	TotalAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$391,942	TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$609,946	TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$279,038	TotalAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

Field	Value	IRS element (for citing)
Total	$150,837	TotalAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$9,263,905	TotalAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$780,251	TotalAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$478,891	TotalAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$806,067	TotalAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$7,177	TotalAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$791,624	TotalAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$143,039	TotalAmt

Other Expenses OtherExpensesGrp (2 entries)

DescDesc	TotalTotalAmt
PCORI FEE	$187,567
OTHER SERVICES	$41,947

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$480,119,669	TotalAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$331,198	BOYAmt
EOY	$455,500	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$22,807,303	BOYAmt
EOY	$32,142,933	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$63,327,637	BOYAmt
EOY	$48,294,287	EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

Field	Value	IRS element (for citing)
BOY	$2,201,953	BOYAmt
EOY	$3,118,457	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$2,427,227	BOYAmt
EOY	$2,308,076	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$21,020,681	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$17,106,291	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$3,435,697	BOYAmt
EOY	$3,914,390	EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

Field	Value	IRS element (for citing)
BOY	$192,314,390	BOYAmt
EOY	$239,060,770	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$94,725,070	BOYAmt
EOY	$91,546,372	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$381,570,475	BOYAmt
EOY	$420,840,785	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$243,060	BOYAmt
EOY	$268,223	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$33,466,900	BOYAmt
EOY	$31,403,900	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$33,709,960	BOYAmt
EOY	$31,672,123	EOYAmt

Field	Value	IRS element (for citing)
Organization Follows FASB117	Yes (X)	OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$347,860,515	BOYAmt
EOY	$389,168,662	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$347,860,515	BOYAmt
EOY	$389,168,662	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$381,570,475	BOYAmt
EOY	$420,840,785	EOYAmt

Field	Value	IRS element (for citing)
Reconcilation Revenue Expnss	$29,487,551	ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst	$11,820,596	NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets	$0	OtherChangesInNetAssetsAmt
Info In Schedule O Part XII	Yes (X)	InfoInScheduleOPartXIIInd
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	0	AccountantCompileOrReviewInd
FS Audited	Yes (1)	FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

Field	Value	IRS element (for citing)
Separate Basis Fincl Stmt	Yes (X)	SeparateBasisFinclStmtInd

Field	Value	IRS element (for citing)
Audit Committee	Yes (1)	AuditCommitteeInd
Federal Grant Audit Required	0	FederalGrantAuditRequiredInd

Schedule D IRS990ScheduleD

Leasehold Improvements LeaseholdImprovementsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$7,189,073	OtherCostOrOtherBasisAmt
Depreciation	$5,224,825	DepreciationAmt
Book Value	$1,964,248	BookValueAmt

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$5,321,212	OtherCostOrOtherBasisAmt
Depreciation	$4,851,461	DepreciationAmt
Book Value	$469,751	BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$8,510,396	OtherCostOrOtherBasisAmt
Depreciation	$7,030,005	DepreciationAmt
Book Value	$1,480,391	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$3,914,390	TotalBookValueLandBuildingsAmt

Other Assets Org OtherAssetsOrgGrp

Field	Value	IRS element (for citing)
Desc	ADVANCES TO RELATED PARTY	Desc
Book Value	$91,546,372	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Other Assets	$91,546,372	TotalBookValueOtherAssetsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

Field	Value	IRS element (for citing)
Desc	BENEFIT OBLIGATIONS PAYABLE	Desc
Amt	$31,403,900	Amt

Field	Value	IRS element (for citing)
Total Liability	$31,403,900	TotalLiabilityAmt
Footnote Text	Yes (X)	FootnoteTextInd
Total Rev Etc Audited Fincl Stmt	$521,276,979	TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst	$11,820,596	NetUnrealizedGainsInvstAmt
Revenue Not Reported	$11,820,596	RevenueNotReportedAmt
Revenue Subtotal	$509,456,383	RevenueSubtotalAmt
Investment Expenses Not Incld	$150,837	InvestmentExpensesNotIncldAmt
Revenue Not Reported Fincl Stmt	$150,837	RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990	$509,607,220	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$482,031,832	TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported	$0	ExpensesNotReportedAmt
Expenses Subtotal	$482,031,832	ExpensesSubtotalAmt
Investment Expenses Not Incld2	$150,837	InvestmentExpensesNotIncld2Amt
Other Expenses Not Included	-$2,063,000	OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt	-$1,912,163	ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990	$480,119,669	TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc

ExplanationExplanationTxt

PART X, LINE 2:

THE PLAN HAS RECEIVED AN EXEMPTION LETTER FROM THE IRS DATED DECEMBER 5, 2016, STATING THAT THE VEBA TRUST ESTABLISHED UNDER THE PLAN WAS IN COMPLIANCE WITH THE APPLICABLE REQUIREMENTS OF THE PROVISIONS OF SECTION 501(C)(9) OF THE IRC. NO FEDERAL OR STATE INCOME TAXES HAVE BEEN RECORDED IN 2023 FOR UNRELATED BUSINESS TAXABLE INCOME. THE PLAN AND TRUST ARE REQUIRED TO OPERATE IN CONFIRMITY WITH THE IRC TO MAINTAIN THE TAX-EXEMPT STATUS OF THE TRUST. THE PLAN ADMINISTRATOR BELIEVES THAT THE PLAN IS BEING OPERATED IN COMPLIANCE WITH THE APPLICABLE REQUIREMENTS OF THE IRC AND, THEREFORE, BELIEVES THAT THE RELATED TRUST WAS TAX-EXEMPT AS OF THE FINANCIAL STATEMENT DATE. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE PLAN AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF IT HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS. THE PLAN IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

CHANGE IN BENEFIT OBLIGATIONS PAYABLE - ($)

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Board Or Committee Approval	Yes (X)	BoardOrCommitteeApprovalInd
Severance Payment	0	SeverancePaymentInd
Supplemental Nonqual Rtr Plan	Yes (1)	SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm	0	EquityBasedCompArrngmInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (12 entries)

TitleTitleTxt	Base Compensation Filing OrgBaseCompensationFilingOrgAmt	Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt	Bonus Filing OrganizationBonusFilingOrganizationAmount	Bonus Related OrganizationsBonusRelatedOrganizationsAmt	Other Compensation Filing OrgOtherCompensationFilingOrgAmt	Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt	Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt	Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt	Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt	Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt	Total Compensation Filing OrgTotalCompensationFilingOrgAmt	Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt	Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt	Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
DR DAVID JACOBSON
CHIEF EXECUTIVE OFFICER	$0	$1,694,700	$0	$0	$0	$0	$0	$207,944	$0	$482,990	$0	$2,385,634	$0	$0
JOHN HEIM
CHIEF FINANCIAL OFFICER	$0	$490,823	$0	$0	$0	$0	$0	$81,536	$0	$139,884	$0	$712,243	$0	$0
LANA T VARDANIAN
CHIEF MEDICAL OFFICER	$0	$489,201	$0	$0	$0	$0	$0	$81,366	$0	$139,422	$0	$709,989	$0	$0
ANDREW WINDSOR
CHIEF ADMINISTRATIVE OFFIC	$0	$308,660	$0	$0	$0	$0	$0	$62,409	$0	$87,968	$0	$459,037	$0	$0
ROBERT LAFFERTY
CHIEF OPERATING OFFICER	$0	$429,749	$0	$0	$0	$0	$0	$67,624	$0	$122,479	$0	$619,852	$0	$0
ASHOK D'SOUZA
MEDICAL DIRECTOR	$0	$433,247	$0	$0	$0	$0	$0	$62,785	$0	$123,475	$0	$619,507	$0	$0
KRYSTAL RENEE JENKINS
MEDICAL DIRECTOR	$0	$275,768	$0	$0	$0	$0	$0	$51,456	$0	$78,594	$0	$405,818	$0	$0
KARL LATORTUE
MEDICAL DIRECTOR	$0	$280,146	$0	$0	$0	$0	$0	$59,415	$0	$79,842	$0	$419,403	$0	$0
LUISA NOGUERA COUGHLAN
MEDICAL DIRECTOR	$0	$273,424	$0	$0	$0	$0	$0	$40,473	$0	$77,926	$0	$391,823	$0	$0
RICHARD MAROKO
CO-CHAIRMAN	$0	$297,571	$0	$0	$0	$0	$0	$97,125	$0	$81,832	$0	$476,528	$0	$0
AMY BOKERMAN
UNION TRUSTEE	$0	$213,228	$0	$0	$0	$0	$0	$54,906	$0	$58,638	$0	$326,772	$0	$0
JOE MESSINEO
UNION TRUSTEE	$0	$126,060	$0	$0	$0	$0	$0	$32,460	$0	$34,667	$0	$193,187	$0	$0

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
FORM 990, PART VI, SECTION B, LINE 11B	THE 990 IS ROUTED TO EACH MEMBER OF THE BOARD OF TRUSTEES PRIOR TO ITS FILING.
FORM 990, PART VI, SECTION B, LINE 12C	ALL OFFICERS, DIRECTORS, TRUSTEES AND KEY EMPLOYEES ARE REQUIRED TO SIGN A CONFLICT OF INTEREST POLICY ANNUALLY.
FORM 990, PART VI, SECTION B, LINE 15	ALL COMPENSATION FOR THE ORGANIZATION'S OFFICERS AND KEY EMPLOYEES ARE SUBJECT TO REVIEW AND APPROVAL BY THE BOARD OF TRUSTEES AT TRUSTEES' MEETINGS BY MAJORITY VOTE.
FORM 990, PART VI, SECTION C, LINE 19	THE ORGANIZATION PROVIDES ITS FINANCIAL STATEMENTS TO THE PUBLIC UPON WRITTEN REQUEST.
FORM 990, PART XXI, LINE 2C:	THE BOARD OF TRUSTEES IS IN CHARGE OF OVERSEEING THE FINANCIAL STATEMENTS AUDIT AND SELECTION OF INDEPENDENT AUDITORS.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (9 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	EINEIN	Primary ActivitiesPrimaryActivitiesTxt	Legal Domicile StateLegalDomicileStateCd	Exempt Code SectionExemptCodeSectionTxt	Direct Controlling NADirectControllingNACd	Controlled OrganizationControlledOrganizationInd	Public Charity StatusPublicCharityStatusTxt
NYHTC ASSN OF NYC INC PENSION FUND
305 WEST 44TH STREET	NEW YORK	NY	10036	131764242	TO PROVIDE RETIREMENT BENEFITS	NY	1 401-1(B)(3)	N/A	0
NYHTC ASSN OF NYC INC LEGAL SERVICES FUND
305 WEST 44TH STREET	NEW YORK	NY	10036	133418414	TO PROVIDE PERSONAL LEGAL ASSISTANCE	NY	501(C)(9)	N/A	0
NYHTC ASSN OF NYC INC TRAINING & SCHOLARSH
305 WEST 44TH STREET	NEW YORK	NY	10036	136300270	TO PROVIDE INDUSTRY TRAINING & SCHOLARSHIPS	NY	501(C)(3)	N/A	0	LINE 2
NYHTC ASSN OF NYC INC HEALTH CENTER INC
305 WEST 44TH STREET	NEW YORK	NY	10036	131595091	TO PROVIDE MEDICAL & SURGICAL CARE	NY	501(C)(9)	N/A	0
NYHTC ASSN OF NYC INC STAFF RETIREMENT PLA
305 WEST 44TH STREET	NEW YORK	NY	10036	131595091	TO PROVIDE RETIREMENT BENEFITS	NY	1 401-1(B)(3)	N/A	0
NYHTC ASSN OF NYC INC 401(K) FUND
305 WEST 44TH STREET	NEW YORK	NY	10036	134178178	TO PROVIDE RETIREMENT BENEFITS	NY	1 401-1(B)(3)	N/A	0
NYHTC ASSN OF NYC INC STAFF INSURANCE FUND
305 WEST 44TH STREET	NEW YORK	NY	10036	131531223	TO PROVIDE MEDICAL INSURANCE AND OTHER BENEFITS	NY	501(C)(9)	N/A	0
NYHTC ASSN OF NYC INC ANNUITY FUND
305 WEST 44TH STREET	NEW YORK	NY	10036	562290624	TO PROVIDE RETIREMENT BENEFITS	NY	1 401-1(B)(3)	N/A	0
NYHTC ASSN OF NYC INC LMC TRUST FUND
305 WEST 44TH STREET	NEW YORK	NY	10036	384105519	TO ENHANCE THE RELATIONSHIP BETWEEN HOTEL OWNERS AND THEIR EMPLOYEES	NY	501(C)(5)	N/A	0

Field	Value	IRS element (for citing)
Receipt Of Int Annts Rnts Rylts	0	ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org	0	GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org	0	GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org	0	LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org	0	LoansOrGuaranteesFromOthOrgInd
Div Related Organization	0	DivRelatedOrganizationInd
Asset Sale To Other Org	0	AssetSaleToOtherOrgInd
Asset Purchase From Other Org	0	AssetPurchaseFromOtherOrgInd
Asset Exchange	0	AssetExchangeInd
Rental Of Facilities To Oth Org	0	RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org	0	RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org	0	PerformOfServicesForOthOrgInd
Perform Of Services By Other Org	0	PerformOfServicesByOtherOrgInd
Sharing Of Facilities	0	SharingOfFacilitiesInd
Paid Employees Sharing	0	PaidEmployeesSharingInd
Reimbursement Paid To Other Org	Yes (1)	ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org	Yes (1)	ReimbursementPaidByOtherOrgInd
Transfer To Other Org	Yes (1)	TransferToOtherOrgInd
Transfer From Other Org	0	TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (13 entries)

Transaction TypeTransactionTypeTxt	InvolvedInvolvedAmt	Method Of Amount DeterminationMethodOfAmountDeterminationTxt
NY HOTEL TRADES COUNCIL & HOTEL ASSN OF NYC INC HEALTH CENTER INC
P	$13,969,132	COST ALLOCATION AGREEMENT
NY HOTEL TRADES COUNCIL & HOTEL ASSN OF NYC INC TRAINING & SCHOLARSHIP FUND
Q	$45,536	COST ALLOCATION AGREEMENT
NY HOTEL TRADES COUNCIL & HOTEL ASSN OF NYC INC STAFF INSURANCE FUND
Q	$8,998,776	COST ALLOCATION AGREEMENT
NY HOTEL TRADES COUNCIL & HOTEL ASSN OF NYC INC PREPAID LEGAL FUND
Q	$55,230	COST ALLOCATION AGREEMENT
NY HOTEL TRADES COUNCIL & HOTEL ASSN OF NYC INC PENSION FUND
Q	$753,454	CONTRIBUTION AGREEMENT
NY HOTEL TRADES COUNCIL & HOTEL ASSN OF NYC INC HEALTH CENTER INC
Q	$926,064	COST ALLOCATION AGREEMENT
NY HOTEL TRADES COUNCIL & HOTEL ASSN OF NYC INC 401(K) SAVINGS PLAN
Q	$54,874	COST ALLOCATION AGREEMENT
NY HOTEL TRADES COUNCIL & HOTEL ASSN OF NYC INC LMCTF
Q	$15,972	COST ALLOCATION AGREEMENT
NY HOTEL TRADES COUNCIL & HOTEL ASSN OF NYC INC STAFF RETIREMENT PLAN
R	$434,757	CONTRIBUTION AGREEMENT
NY HOTEL TRADES COUNCIL & HOTEL ASSN OF NYC INC STAFF INSURANCE FUND
R	$1,070,721	CONTRIBUTION AGREEMENT
NY HOTEL TRADES COUNCIL & HOTEL ASSN OF NYC INC PREPAID LEGAL FUND
R	$33,669	CONTRIBUTION AGREEMENT
NY HOTEL TRADES COUNCIL & HOTEL ASSN OF NYC INC PENSION FUND
R	$136,427	CONTRIBUTION AGREEMENT
NY HOTEL TRADES COUNCIL & HOTEL ASSN OF NYC INC HEALTH CENTER INC
R	$215,262,194	COSTS INCURRED

NEW YORK HOTEL TRADES COUNCIL AND HOTEL ASSOC OF NYC INC HEALTH BENE: Form 990, tax year 2023

Return header ReturnHeader

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

Preparer US Address PreparerUSAddress

Filer Filer

Business Name BusinessName

US Address USAddress

Business Officer BusinessOfficerGrp

Preparer Person PreparerPersonGrp

Form 990 IRS990

US Address USAddress

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

US Address USAddress

Form990 Part VII Section A Form990PartVIISectionAGrp (24 entries)

Contractor Compensation ContractorCompensationGrp (5 entries)

Program Service Revenue ProgramServiceRevenueGrp (3 entries)

Investment Income InvestmentIncomeGrp

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

Gain Or Loss GainOrLossGrp

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

Total Revenue TotalRevenueGrp

Benefits To Members BenefitsToMembersGrp

Other Salaries And Wages OtherSalariesAndWagesGrp

Pension Plan Contributions PensionPlanContributionsGrp

Payroll Taxes PayrollTaxesGrp

Fees For Services Legal FeesForServicesLegalGrp

Fees For Services Accounting FeesForServicesAccountingGrp

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

Fees For Services Other FeesForServicesOtherGrp

Office Expenses OfficeExpensesGrp

Information Technology InformationTechnologyGrp

Occupancy OccupancyGrp

Travel TravelGrp

Depreciation Depletion DepreciationDepletionGrp

Insurance InsuranceGrp

Other Expenses OtherExpensesGrp (2 entries)

Total Functional Expenses TotalFunctionalExpensesGrp

Cash Non Interest Bearing CashNonInterestBearingGrp

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Accounts Receivable AccountsReceivableGrp

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

Other Assets Total OtherAssetsTotalGrp

Total Assets TotalAssetsGrp

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Other Liabilities OtherLiabilitiesGrp

Total Liabilities TotalLiabilitiesGrp

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FS Audited Basis FSAuditedBasisGrp

Schedule D IRS990ScheduleD

Leasehold Improvements LeaseholdImprovementsGrp

Equipment EquipmentGrp

Other Land Buildings OtherLandBuildingsGrp

Other Assets Org OtherAssetsOrgGrp

Other Liabilities Org OtherLiabilitiesOrgGrp

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Schedule J IRS990ScheduleJ

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (12 entries)

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (9 entries)

Transactions Related Org TransactionsRelatedOrgGrp (13 entries)

Comments