Civic Intelligence

L444 Retirees Welfare Fund Sanitation Officers

EIN 13-2854090 • 501(c)9 • Ozone Park, NY

Profile

Provide medical benefits to retired members

96-10 Linden Blvd Apt 1Ozone Park, NY 11417-2520
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

80th percentile

0.22x

Higher debt load relative to assets than 80% of similar nonprofits.

501(c)9 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

97th percentile

0.99x

Higher debt load relative to revenue than 97% of similar nonprofits.

501(c)9 • $10M-$25M nonprofits • Source year 2023

Net Margin

4th percentile

-102%

Higher net margin than 4% of similar nonprofits.

501(c)9 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

75th percentile

$148,301

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 6.7% of source-year revenue.

501(c)9 • $10M-$25M nonprofits • Source year 2023

Asset Growth

20th percentile

-7.9%

Faster asset growth than 20% of similar nonprofits.

501(c)9 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2022 to 2023

Assets

Down

$10,253,793

Down $885,192 (-7.9%) from 2022

Liabilities

Down

$2,212,760

Down $74,037 (-3.2%) from 2022

Net Assets

Down

$8,041,033

Down $811,155 (-9.2%) from 2022

Revenue

Up

$2,227,232

Up $2,726,540 (+546%) from 2022

Expenses

Down

$4,492,444

Down $92,970 (-2.0%) from 2022

Net Income

Up

-$2,265,212

Up $2,819,510 (+55%) from 2022

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$20M$15M$10M$5.0M$0Assets 2010: $14,987,937Liabilities 2010: $2,049,582Net Assets 2010: $12,938,3552010Assets 2011: $14,867,339Liabilities 2011: $2,034,584Net Assets 2011: $12,832,7552011Assets 2012: $15,223,809Liabilities 2012: $1,916,142Net Assets 2012: $13,307,6672012Assets 2013: $15,951,078Liabilities 2013: $2,018,428Net Assets 2013: $13,932,6522013Assets 2014: $16,031,531Liabilities 2014: $1,849,846Net Assets 2014: $14,181,6852014Assets 2015: $15,875,436Liabilities 2015: $2,012,745Net Assets 2015: $13,862,6912015Assets 2016: $16,108,005Liabilities 2016: $1,899,025Net Assets 2016: $14,208,9802016Assets 2017: $16,726,491Liabilities 2017: $2,284,010Net Assets 2017: $14,442,4812017Assets 2018: $16,263,868Liabilities 2018: $2,273,731Net Assets 2018: $13,990,1372018Assets 2019: $18,056,417Liabilities 2019: $2,215,948Net Assets 2019: $15,840,4692019Assets 2020: $17,970,539Liabilities 2020: $2,213,480Net Assets 2020: $15,757,0592020Assets 2021: $17,208,402Liabilities 2021: $2,322,778Net Assets 2021: $14,885,6242021Assets 2022: $11,138,985Liabilities 2022: $2,286,797Net Assets 2022: $8,852,1882022Assets 2023: $10,253,793Liabilities 2023: $2,212,760Net Assets 2023: $8,041,0332023

Highlighted filing

2023

Assets$10,253,793
Liabilities$2,212,760
Net Assets$8,041,033

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$5.0M$0-$5.0M-$10MExpenses 2010: $3,486,8202010Expenses 2011: $3,772,2192011Revenue 2012: $4,009,825Expenses 2012: $3,738,979Net Income 2012: $270,8462012Revenue 2013: $4,115,982Expenses 2013: $3,904,966Net Income 2013: $211,0162013Revenue 2014: $4,208,186Expenses 2014: $3,888,264Net Income 2014: $319,9222014Revenue 2015: $3,900,906Expenses 2015: $3,734,203Net Income 2015: $166,7032015Revenue 2016: $4,432,837Expenses 2016: $3,960,434Net Income 2016: $472,4032016Revenue 2017: $4,634,172Expenses 2017: $4,345,850Net Income 2017: $288,3222017Revenue 2018: $4,119,520Expenses 2018: $4,023,514Net Income 2018: $96,0062018Revenue 2019: $4,237,023Expenses 2019: $3,984,265Net Income 2019: $252,7582019Revenue 2020: $4,140,728Expenses 2020: $4,195,974Net Income 2020: -$55,2462020Revenue 2021: $4,659,889Expenses 2021: $4,642,896Net Income 2021: $16,9932021Revenue 2022: -$499,308Expenses 2022: $4,585,414Net Income 2022: -$5,084,7222022Revenue 2023: $2,227,232Expenses 2023: $4,492,444Net Income 2023: -$2,265,2122023

Highlighted filing

2023

Revenue$2,227,232
Expenses$4,492,444
Net Income-$2,265,212

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$10.3$2.21$8.04$2.23$4.49$2.27
2022Detailed filing. Detailed filing data is available for this year.$11.1$2.29$8.85$0.50$4.59$5.08
2021Detailed filing. Detailed filing data is available for this year.$17.2$2.32$14.9$4.66$4.64$0.02
2020Detailed filing. Detailed filing data is available for this year.$18.0$2.21$15.8$4.14$4.20$0.06
2019Detailed filing. Detailed filing data is available for this year.$18.1$2.22$15.8$4.24$3.98$0.25
2018Detailed filing. Detailed filing data is available for this year.$16.3$2.27$14.0$4.12$4.02$0.10
2017Detailed filing. Detailed filing data is available for this year.$16.7$2.28$14.4$4.63$4.35$0.29
2016Detailed filing. Detailed filing data is available for this year.$16.1$1.90$14.2$4.43$3.96$0.47
2015Detailed filing. Detailed filing data is available for this year.$15.9$2.01$13.9$3.90$3.73$0.17
2014Summary only. Only limited summary data is available for this year.$16.0$1.85$14.2$4.21$3.89$0.32
2013Summary only. Only limited summary data is available for this year.$16.0$2.02$13.9$4.12$3.90$0.21
2012Summary only. Only limited summary data is available for this year.$15.2$1.92$13.3$4.01$3.74$0.27
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.9$2.03$12.8$3.77
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.0$2.05$12.9$3.49
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Jul 13, 2024
Return Version
2023v5.1
Gross Receipts
$9,262,379
Mission and Program Overview

Mission

Provide medical benefits to retired members

Provides various medical benefits for retired members

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$8,182,452$7,394,602▼ $787,850
Investments Other Securities$1,587,012$1,708,216▲ $121,204
Cash and Non-Interest-Bearing Accounts$619,698$637,247▲ $17,549
Accounts Receivable$265,359$477,109▲ $211,750
Savings and Temporary Cash Investments$483,751$33,736▼ $450,015
Prepaid Expenses and Deferred Charges$713$2,883▲ $2,170
Total Assets$11,138,985$10,253,793▼ $885,192
Liabilities
Other Liabilities$2,262,539$2,188,441▼ $74,098
Accounts Payable and Accrued Expenses$24,258$24,319▲ $61
Total Liabilities$2,286,797$2,212,760▼ $74,037
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$8,852,188$8,041,033▼ $811,155
Total Net Assets Fund Balance$8,852,188$8,041,033▼ $811,155
Total Liabilities and Net Assets / Fund Balance$11,138,985$10,253,793▼ $885,192

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$1,708,216--
Closely Held Equity Interests$1,708,216--
Compensation and Service Providers

Employees

NameTitleOtherTotal
J MannionTrustee$148,301$148,301
A NapolitanoTrustee$99,983$99,983
J MinoreTrustee$99,983$99,983
M StanzioneTrustee$99,983$99,983
D MistrettaTrustee$74,079$74,079

Board Members and Trustees

NameTitle
C RiveraTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,889,886
Investment Income
$-662,654
Other Revenue
$0
Change in Net Assets
$-2,265,212

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,195,567
Revenue Not Reported on Financial Statements
$31,665
Revenue Not Reported on Form 990
$1,454,059
Other Revenue Adjustments
$-5,201
Total Revenue per Audited Statements
$3,649,626
Total Revenue per Form 990
$2,227,232
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$206,155
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members$4,286,289--$4,286,289
Fees for Service Investment Mgmnt Fees---$36,865
Fees for Services Accounting---$15,250
Fees for Services Legal---$10,000
Conferences and Meetings---$6,139
Other Expenses---$3,796
Insurance---$2,947
Total Functional Expenses$4,286,289$0$0$4,492,444

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$4,492,444
Expenses per Audited Statements$4,455,578
Total Expenses per Audited Statements$4,455,578
Expenses Not Reported on Financial Statements$36,866
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes$2,064,262
Due to Related Organization$84,179
Benefit Obligations$40,000
Insurance Premiums-
Due From Sbf Transfer Error-
Estimated Claims-
Oher-
Claims Payable-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 13

The whistleblower policy of the fund encourages all employees to come forward to report suspected or actual occurences of illegal, unethical or inappropriate events behaviors or practices without retribution. The whistleblower shall receive no retaliation or retribution for a report that was provided in good faith -- that was not done primarily with malice to damage another or the fund. Anyone who retaliates against the whistleblower who reported an event in good faith will be subject to sanctions including termination.

Form 990, Part VI, Section B, Line 14

The funds officers and staff must fully comply with all published records retention or destruction policies and schedules. Fund staff and officers are prohibited from destroying documents with the intent to obstruct an investigation by federal, state or local authorities. Violation of this policy will result in severe discipline up to and including discharge.

Form 990, Part VI, Section B, Line 14

Salaries of employees shall be approved without the affected employee participating in the approval.

Form 990, Part VI, Section B, Line 15B

A copy of the form 990 is routed to the trustees prior to filing.

Form 990, Part VI, Section B, Line 12

It is the policy of the l444 retirees welfare fund sanitation officers fund that the trustees shall have a continuing responsibility to scrutinize their transactions and outside business interests and relations for potential conflicts and immediately make such disclosure. The funds trustees shall determine whether a conflict exists and in the case of an existing conflict, whether the contemplated transaction may be authorized as just, fair and reasonable to the fund. The decision of the trustees on these matters will rest in its sole discretion and its concern must be the welfare of the fund and the advancement of its purposes.

Form 990, Part VI, Section C, Line 19

The funds government documents and financial statement are made available to the public through written request.

Filing and Contact Details

Filer

Filer Name
L444 Retirees Welfare Fund Sanitation Officers
EIN
13-2854090
Phone
7188379832
Address
96-10 LINDEN BLVD APT 1, OZONE PARK, NY 11417-2520

Signing Officer

Name
Joseph Mannion
Title
Chairman
Phone
7188379832
Signed
2024-07-13
Discuss with paid preparer
Yes

Organization Details

Formed
1962
Legal Domicile
Ny
Voting Board Members
5
Independent Board Members
0
Employees
0

Preparer

Firm
Rocco J Ricciardi CPA
Address
27010 GRAND CENTRAL PKWAY SUITE 20N, FLORAL PARK, NY 11005-1120
Preparer
Rocco J Ricciardi CPA
Phone
5165243501
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

ROUNDING.

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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1BENEFIT OBLIGATIONS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2DUE TO RELATED ORGANIZATION
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3INSURANCE PREMIUMS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4DUE FROM SBF TRANSFER ERROR
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc5ESTIMATED CLAIMS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc6OHER
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc7CLAIMS PAYABLE
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IRS990ScheduleD/TotalLiabilityAmt02188441
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0TRUSTEE
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE WHISTLEBLOWER POLICY OF THE FUND ENCOURAGES ALL EMPLOYEES TO COME FORWARD TO REPORT SUSPECTED OR ACTUAL OCCURENCES OF ILLEGAL, UNETHICAL OR INAPPROPRIATE EVENTS BEHAVIORS OR PRACTICES WITHOUT RETRIBUTION. THE WHISTLEBLOWER SHALL RECEIVE NO RETALIATION OR RETRIBUTION FOR A REPORT THAT WAS PROVIDED IN GOOD FAITH -- THAT WAS NOT DONE PRIMARILY WITH MALICE TO DAMAGE ANOTHER OR THE FUND. ANYONE WHO RETALIATES AGAINST THE WHISTLEBLOWER WHO REPORTED AN EVENT IN GOOD FAITH WILL BE SUBJECT TO SANCTIONS INCLUDING TERMINATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FUNDS OFFICERS AND STAFF MUST FULLY COMPLY WITH ALL PUBLISHED RECORDS RETENTION OR DESTRUCTION POLICIES AND SCHEDULES. FUND STAFF AND OFFICERS ARE PROHIBITED FROM DESTROYING DOCUMENTS WITH THE INTENT TO OBSTRUCT AN INVESTIGATION BY FEDERAL, STATE OR LOCAL AUTHORITIES. VIOLATION OF THIS POLICY WILL RESULT IN SEVERE DISCIPLINE UP TO AND INCLUDING DISCHARGE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2SALARIES OF EMPLOYEES SHALL BE APPROVED WITHOUT THE AFFECTED EMPLOYEE PARTICIPATING IN THE APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A COPY OF THE FORM 990 IS ROUTED TO THE TRUSTEES PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4IT IS THE POLICY OF THE L444 RETIREES WELFARE FUND SANITATION OFFICERS FUND THAT THE TRUSTEES SHALL HAVE A CONTINUING RESPONSIBILITY TO SCRUTINIZE THEIR TRANSACTIONS AND OUTSIDE BUSINESS INTERESTS AND RELATIONS FOR POTENTIAL CONFLICTS AND IMMEDIATELY MAKE SUCH DISCLOSURE. THE FUNDS TRUSTEES SHALL DETERMINE WHETHER A CONFLICT EXISTS AND IN THE CASE OF AN EXISTING CONFLICT, WHETHER THE CONTEMPLATED TRANSACTION MAY BE AUTHORIZED AS JUST, FAIR AND REASONABLE TO THE FUND. THE DECISION OF THE TRUSTEES ON THESE MATTERS WILL REST IN ITS SOLE DISCRETION AND ITS CONCERN MUST BE THE WELFARE OF THE FUND AND THE ADVANCEMENT OF ITS PURPOSES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE FUNDS GOVERNMENT DOCUMENTS AND FINANCIAL STATEMENT ARE MADE AVAILABLE TO THE PUBLIC THROUGH WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6ROUNDING.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 13
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 14
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 14
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, Line 12
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part XI, Line 9
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0NY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0ANNUITY BENEFITS
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0LOCAL 444 SUPPLEMENTAL ANNUITY BENEFITS FUND
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt09610 LINDEN BLVD
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm0OZONE PARK
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd0NY
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd011417
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0LOCAL 444 SANITATION OFFICERS ASSOCIATION WEIU
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1LOCAL 444 SECURITY BENEFITS FUND
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2LOCAL 444 COMPENSATION ACCRUAL FUND
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt3UNIFORMED SANITATION OFFICEERS REALTY HOLDING CORP
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0131973857
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1136181431
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN2136292192
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN3320313640
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501 c 5
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501 c 9
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt21.401-1B3
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd2NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd3NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0LOCAL UNION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1HEALTH WELFARE FUND
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt2ANNUITY FUND
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt3REAL ESTATE CORP
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt09610 LINDEN BLVD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt19610 LINDEN BLVD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt29610 LINDEN BLVD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt39610 LINDEN BLVD
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1OZONE PARK
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm2OZONE PARK
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NY
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IRS990ScheduleR/PaidEmployeesSharingInd0true
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