2025-11-13T16:42:15+00:00 2024-12-31 135565207 KPMG LLP Two Manhattan West 375 9th Avenue New York NY 10001 990 2024-01-01 134129368 1199SEIU NBF FOR HOME CARE EMPLOYEES 1199 6464736336 PO BOX 842 NEW YORK NY 10108 MERCEDES MAMBRU CFO 6464736336 2025-11-13 true Toby Kerslake P01875806 2127589700 2025-11-13 2024 2025-03-06 01:10:19Z Donna Rey PO BOX 842 NEW YORK NY 10108 311261174 false X HTTP://1199SEIUBENEFITS.ORG X 1949 NY TO PROVIDE HEALTH AND WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS UNDER THE TERMS OF THE COLLECTIVE BARGAINING AGREEMENT AND TRUST DOCUMENT. 12 12 0 14 0 0 0 173121460 128291787 3097948 3041862 151081 152741 176370489 131486390 0 0 169555338 148700825 8644656 4577510 0 0 0 4681130 4219222 182881124 157497557 -6510635 -26011167 145925168 118551891 26903736 22130846 119021432 96421045 TO PROVIDE HEALTH AND WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS UNDER THE TERMS OF THE COLLECTIVE BARGAINING AGREEMENT AND TRUST DOCUMENT. false false THOUGH THE FUND DOES NOT UNDERTAKE PROGRAM SERVICES AND DOES NOT REPORT ANY EXPENSES ON FORM 990, PART IX, COL (B), THE FUND PROVIDES HEALTH AND WELFARE BENEFITS TO ELIGIBLE PARTICIPANTS UNDER THE TERMS OF THE COLLECTIVE BARGAINING AGREEMENT AND TRUST DOCUMENT. IN 2024, 12,975 MEMBERS/PARTICIPANTS RECEIVED HEALTH AND WELFARE BENEFITS. 0 false false false false false false false false false false false true false true true true true false false false false false false false false false false false false false false false false false false false false false false false false false false false false true false false false false true X 4125 0 true 0 false false false false false false false false X 12 12 true false false false false true false true true false false false false true true true true true true true false false X MERCEDES MAMBRU 6464736336 PO BOX 842 NEW YORK NY 10108 ADRIA POWELL EMPLOYER TRUSTEE 1.0 0.0 X 0 0 0 ANDREA THOMAS-RANDALL EMPLOYER TRUSTEE 1.0 0.0 X 0 0 0 DANIEL RATNER UNION TRUSTEE 1.0 0.0 X 0 0 0 GLADYS CONFIDENT EMPLOYER TRUSTEE 1.0 0.0 X 0 0 0 GUADALUPE ASTACIO UNION TRUSTEE 1.0 0.0 X 0 0 0 HAROLD FONG-SAM UNION TRUSTEE (END 03/2024) 1.0 0.0 X 0 0 0 JAMES ROLLA EMPLOYER TRUSTEE 1.0 0.0 X 0 0 0 KEITH JOSEPH UNION TRUSTEE 1.0 0.0 X 0 0 0 KWAIDAVID HO UNION TRUSTEE 1.0 0.0 X 0 0 0 LING MA EMPLOYER TRUSTEE (END 11/2024) 1.0 0.0 X 0 0 0 MARC KRAMER EMPLOYER TRUSTEE 1.0 0.0 X 0 0 0 RONA SHAPIRO UNION TRUSTEE 1.0 0.0 X 0 0 0 VLADIMIR FORTUNNY UNION TRUSTEE 1.0 0.0 X 0 0 0 YVONNE ARMSTRONG UNION TRUSTEE 1.0 0.0 X 0 0 0 Donna Rey Executive Director 1.0 0.0 X 23077 0 11420 Lorraine Monchak Chief Investments Officer 1.0 0.0 X 41620 0 21047 Mercedes Mambru Chief Financial Officer 1.0 0.0 X 9778 0 4994 Van H Dunn Chief Medical Officer 1.0 0.0 X 15168 0 7761 89643 0 45222 0 false false false 1199SEIU National Benefit Fund for Health and Human Service Employees 498 7th Avenue New York NY 10018 Administrative Services 11236420 EVERNORTH BEHAVIORAL HEALTH INC 41-1648670 NEW YORK NY 10019 Consulting (General) 465796 MILLIMAN INC 1 Penn Plaza New York NY 10019 New York NY 10019 Actuarial 359532 MEDCO HEALTH SOLUTIONS INC (Admin Fee) 100 Parsons Pond Rd Franklin Lakes NJ 07417 Claims Processing 319631 WORKERS BENEFIT CONSORTIUM INC 104 West 40th Street 4th Floor New York NY 10018 CUSTOMER SERVICE 272660 9 0 EMPLOYERS CONTRIBUTION 900099 122893855 122893855 NYS QIVAPP FUNDING 900099 1009792 1009792 MEMBER PREMIUMS 900099 4334482 4334482 COBRA PAYMENTS 900099 53658 53658 0 0 0 0 128291787 2054115 2054115 0 0 180762531 179774784 987747 0 987747 987747 EMPLOYER INTEREST 900099 83892 83892 COLLECTIONS - ACH 900099 49127 49127 EMPLOYER LEGAL COST 900099 19722 19722 0 0 0 0 152741 131486390 128291787 0 3194603 148700825 134864 2889360 285318 1036943 231025 151002 157437 34543 526519 655778 197395 1516250 67626 3RD PARTY ADMIN PRESCRIPTION CHARGES 501900 MANAGED CARE - PRECERTIFICATION 410772 0 157497557 9090085 12866619 66671700 36989207 0 0 0 0 79836 0 0 0 0 41317540 33878259 0 28845843 34737970 145925168 118551891 1634774 1751802 0 0 25268962 20379044 26903736 22130846 X 119021432 96421045 119021432 96421045 145925168 118551891 X -26011167 -167716 3578496 X false true true false Closely-held equity interests Financial derivatives Investments - other securities. GOVERNMENT AGENCY SECURITIES 20138287 F GOVERNMENT BONDS 10632432 F NOTES, DEPOSITS AND COMMERCIAL PAPER 3107540 F 33878259 Other assets. DUE FROM PHARMACY BENEFIT MANAGER AND OTHERS 21390685 DUES FROM RELATED ENTITIES 6988992 3BF, NET 6241263 ACCRUED INVESTMENT INCOME 117030 34737970 Federal Income Taxes CURRENT BENEFIT OBLIGATIONS 19661887 DUE TO RELATED ENTITIES 717157 DUE TO BROKERS FOR SECURITIES PURCHASED 20379044 X 131284131 -167716 0 -167716 131451847 34543 0 34543 131486390 157463014 0 0 157463014 34543 0 34543 157497557 Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote U.S. GAAP REQUIRES MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE PLAN AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE ORGANIZATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. THE PLAN ADMINISTRATOR HAS ANALYZED THE TAX POSITIONS TAKEN BY THE PLAN, AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2024, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE PLAN IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE PLAN ADMINISTRATOR BELIEVES IT IS NO LONGER SUBJECT TO FEDERAL INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2021. Form 990, Part V, Line 3b UNRELATED BUSINESS INCOME TAX UNDER INTERNAL REVENUE CODE (IRC) SECTION 419A(F)(5)(A), COLLECTIVE BARGAINING AGREEMENTS ARE EXEMPT FROM ACCOUNT LIMIT REQUIREMENTS SET UNDER IRC SECTION 419A(C), AND ARE THEREFORE NOT SUBJECT TO UNRELATED BUSINESS INCOME TAX UNDER IRC SECTION 512(A)(3). Form 990, Part VI, Line 2 Family/business relationships amongst interested persons ALL OF THE UNION TRUSTEES ARE ALSO EMPLOYEES OF 1199SEIU (THE UNION) AND THEREFORE HAVE A BUSINESS RELATIONSHIP WITH EACH OTHER. - Business relationship Form 990, Part VI, Line 7a Members or stockholders electing members of governing body THE UNION TRUSTEES ARE APPOINTED BY 1199SEIU UNITED HEALTHCARE WORKERS EAST, AND THE EMPLOYER TRUSTEES ARE APPOINTED BY THE CONTRIBUTING EMPLOYERS. Form 990, Part VI, Line 11b Review of form 990 by governing body THE CHIEF FINANCIAL OFFICER AND FINANCE TEAM REVIEW THE DRAFT FORM 990 AND CONFER WITH THE ACCOUNTANTS AND LEGAL COUNSEL TO ENSURE THE ACCURACY OF THE RETURN. ANY CONCERNS ARE NOTED AND ADDRESSED AND MANAGEMENT ENSURES THAT THE CHANGES ARE INCORPORATED IN THE FORM 990. THE COMPLETED FORM 990 IS THEN SIGNED BY AN OFFICER BEFORE BEING SUBMITTED TO THE IRS. Form 990, Part VI, Line 12c Conflict of interest policy TRUSTEES AND EMPLOYEES ARE REQUIRED TO ANNUALLY DISCLOSE OR UPDATE TO THE EXECUTIVE DIRECTOR, OR DESIGNEE, THEIR INTERESTS THAT COULD GIVE RISE TO CONFLICTS OF INTERESTS. FOR EACH INTEREST DISCLOSED BY A TRUSTEE, THE EXECUTIVE DIRECTOR OR DESIGNEE WILL DETERMINE WHETHER TO (A) TAKE NO ACTION (B) ASSURE FULL DISCLOSURE TO THE TRUSTEES (C) ASK THE TRUSTEE TO BE RECUSED FROM PARTICIPATION IN RELATED DISCUSSIONS OR DECISIONS; AND/OR (D) ASK THE TRUSTEE TO RESIGN. REGARDING EMPLOYEES, COMPLETED CONFLICTS OF INTEREST DISCLOSURE FORMS WILL BE REVIEWED BY THE HUMAN RESOURCES DEPARTMENT AND DISCLOSED CONFLICTS WILL BE REVIEWED BY HUMAN RESOURCES MANAGEMENT. Form 990, Part VI, Line 15a Process to establish compensation of top management official COMPENSATION FOR ALL DIRECTORS, OFFICERS AND KEY EMPLOYEES OF THE FUND IS DETERMINED BY THE CROSS FUNDS COMPENSATION COMMITTEE (THE "COMMITTEE"), COMPRISED OF INDEPENDENT MEMBERS. THE COMMITTEE UTILIZES APPROPRIATE DATA AS TO COMPARABILITY IN ITS DETERMINATIONS, INCLUDING INFORMATION PROVIDED BY INDEPENDENT COMPENSATION CONSULTANTS. THE COMMITTEE DOCUMENTS THE BASIS FOR ANY COMPENSATION DETERMINATIONS CONTEMPORANEOUSLY IN THE MINUTES OF THE COMMITTEE. THE COMMITTEE DETERMINES COMPENSATION PERIODICALLY AS IT DEEMS 1199SEIU NBF FOR HOME CARE EMPLOYEES 13-4129368 APPROPRIATE. Form 990, Part VI, Line 15b Process to establish compensation of other employees REFER TO NARRATIVE FOR PART VI, LINE 15A ABOVE. Form 990, Part VI, Line 19 Required documents available to the public SUMMARY PLAN DESCRIPTIONS AND FINANCIAL REPORTS ARE MADE PUBLIC PURSUANT TO IRS REQUIREMENTS. WRITTEN REQUESTS FOR OTHER INFORMATION WILL BE FORWARDED TO GENERAL COUNSEL'S OFFICE FOR CONSIDERATION. Form 990, Part VII, Section A, Line 1a EMPLOYER TRUSTEE COMPENSATION THE EMPLOYER TRUSTEES REPORTED ON PART VII MAY HAVE RECEIVED COMPENSATION FROM A RELATED TAX-EXEMPT ORGANIZATION REPORTED IN SCHEDULE R, PART II. WITH VERY LIMITED EXCEPTION, NO ONE RESPONDED TO THE REQUEST MADE FOR COMPENSATION INFORMATION. Form 990, Part XI, Line 9 Other changes in net assets or fund balances CHANGE IN BENEFIT OBLIGATION - 3578496; Total - 3578496; 1199SEIU HOMECARE EMPLOYEES PENSION FUND 498 SEVENTH AVENUE NEW YORK NY 10018 133943904 PENSION FUND NY 501(a) NA false 1199SEIU HOMECARE INDUSTRY EDUCATION FUND 498 SEVENTH AVENUE NEW YORK NY 10018 711028611 EDUC TRAINING NY 501(c)(3) 8 NA false ALLIANCE HOME SERVICES MCO NA BEST CHOICE HOME CARE SERVICE NA BHRAGS HOME CARE CORPORATION NA BUSHWICK STUYVESANT HEIGHTS NA CABS HOUSEKEEPER SERVICE NA CARE AT HOME-811 MCO NA CHILD CENTER OF NY NA CHINESE AMERICAN PLANNING-079 NA CIDNY INDEPENDENT LIVING MCO NA ELDERSERVE (RIVERSPRING) - LICENSED HOME CARE SERVICES AGENCY INC NA FAMILY HOME CARE-BROOKLYN SERVICES MCO NA FEGS HOME ATTENDANT SERVICES MCO NA HOME CARE SERVICES FOR INDEPENDENT LIVING NA HUDSON RIVER HEALTHCARE SUFFOLK NA INSTUTUTE FOR FAMILY HEALTH NA NEW YORK FOUNDATION FOR SENIOR NA NO PLACE LIKE HOME CARE SERVICES NA PSC COMMUNITY SERVICES MCO NA RAIN HOME ATTENDANT SERVICES NA RICHMOND HOME NEEDS SERVICES - MCO NA RISEBORO HOMECARE MCO NA ROCKAWAY HOME ATTENDANT NA SAINT NICHOLAS HUMAN SUPPORT NA SCHOOL SETTLEMENT HOME NA START RECOVERY NA SUNNYSIDE HOME CARE PROJECT NA THE FIRST CHINESE PRESBYTERIAN COMMUNITY AFFAIRS HOME ATTENDANT CORPORATION NA UNITED JEWISH COUNCIL OF THE MCO NA UPPER MANHATTAN MENTAL HEALTH NA VNS HEALTH PERSONAL CARE (FCS) NA AREBA CASRIEL NA ABC HEALTH SERVICE NA ALL CITY CARE NA ALL METRO HEALTH CARE INC NA ALLIANCE FOR HEALTH NA BESTCARE INC NA COOPERATIVE HOME CARE NA PEOPLE CARE NA PERSONAL TOUCH HOME CARE NA PREMIER HOME HEALTH SERVICES NA REGION CARE NURSING NA SPECIAL TOUCH NA STELLA ORTON MCO NA UNLIMITED CARE INC NA false false false false false false false false false false false false false false false false false true true