2012-04-13T17:57:43-05:00 2011-06-30 BDO USA LLP 633 THIRD AVENUE 13TH FLOOR NEW YORK NY 10017 990 2010-07-01 132928869 BUILDING SERVICE 32BJ HEALTH FUND BUIL 2125392778 25 WEST 18TH STREET NEW YORK NY 100114676 MICHAEL FISHMAN HOWARD ROTHSCHILD 2125392778 2012-04-13 1 JAMES P WETZOLD 2123155000 2010 2016-02-24 21:20:13Z X MICHAEL FISHMAN HOWARD 25 WEST 18TH STREET NEW YORK NY 100114676 1104675162 0 X WWW.32BJFUNDS.COM X 501(C)(9) 1978 NY ESTABLISHED TO PROVIDE HEALTH BENEFITS (MEDICAL, HOSPITAL, PRESCRIPTION, DENTAL, VISION, EMPLOYEE ASSISTANCE PROGRAM, DISEASE MANAGEMENT), DEATH BENEFITS, LIFE INSURANCE, ACCIDENTAL DEATH AND DISMEMBERMENT AND LONG-TERM DISABILITY TO ITS ELIGIBLE PARTICIPANTS AND THEIR ELIGIBLE DEPENDENTS (IF PROVIDED FOR IN THE COLLECTIVE BARGAINING AGREEMENT), IN ACCORDANCE WITH THEIR CONTROLLING PLAN DOCUMENTS. 8 8 487 0 0 0 0 0 776322657 848826950 3213556 5674407 3273185 4215177 782809398 858716534 0 0 648057632 734466927 17341486 16551681 0 0 0 14138045 17526562 679537163 768545170 103272235 90171364 549708460 660249314 127644217 124630393 422064243 535618921 X ESTABLISHED TO PROVIDE HEALTH BENEFITS (MEDICAL, HOSPITAL, PRESCRIPTION, DENTAL, VISION, EMPLOYEE ASSISTANCE PROGRAM, DISEASE MANAGEMENT), DEATH BENEFITS, LIFE INSURANCE, ACCIDENTAL DEATH AND DISMEMBERMENT AND LONG-TERM DISABILITY TO ITS ELIGIBLE PARTICIPANTS AND THEIR ELIGIBLE DEPENDENTS (IF PROVIDED FOR IN THE COLLECTIVE BARGAINING AGREEMENT), IN ACCORDANCE WITH THEIR CONTROLLING PLAN DOCUMENTS. 0 0 THE PLAN PROVIDES VARIOUS HEALTH BENEFITS TO APPROXIMATELY 98,400 ELIGIBLE PARTICIPANTS. 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 873 0 487 1 0 0 0 0 0 0 X 8 8 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X ALAN LANGER CONTROLLER 2123883489 25 WEST 18TH STREET NEW YORK NY 100114676 MICHAEL FISHMAN 1.00 X 0 0 0 KEVIN DOYLE 1.00 X 0 0 0 HECTOR FIGUEROA 1.00 X 0 0 0 BRIAN LAMBERT 1.00 X 0 0 0 HOWARD ROTHSCHILD 1.00 X 0 0 0 CHARLES DOREGO 1.00 X 0 0 0 JOHN SANTORA 1.00 X 0 0 0 FRED WARD 1.00 X 0 0 0 SUSAN COWELL 18.00 X 123192 92030 21178 PETER GOLDBERGER 22.00 X 106101 79508 20255 LAZARO GONZALEZ 23.00 X 119616 89255 20962 ANGELO DASCOLI 35.00 X 212552 0 20986 BARBARA CARESS 21.00 X 113282 83056 20332 MARGARET NAPIER 17.00 X 81533 98861 19710 IMTIAZ ALUR MOHAMMAD 24.00 X 119659 39972 17738 PETER HAMARICH 20.00 X 103034 61190 18723 RANDI FARBER 13.00 X 59165 114337 19242 1038134 658209 179126 39 0 1 0 EMPIRE BLUE CROSS BLUE SHIELD 3 HUNTINGTON QUADRANGLE MELVILLE NY 11747 MEDICAL CLAIMS ADMINISTRATION 25037896 VITECH SYSTEMS GROUP 40 PARK AVENUE NY NY 10016 COMPUTER SYSTEMS 3540373 RAAB STURM & GANCHROW LLP 317 MADISON AVENUE NY NY 10017 LEGAL SERVICES 1604002 PROSKAUER ROSE LLP ELEVEN TIMES SQUARE NY NY 100368299 LEGAL SERVICES 1415375 ADMINISTRATIVE SERVICES ONLY INC 303 MERRICK ROAD LYNBROOK NY 11563 DENTAL ADMINISTRATION 1413525 23 EMPLOYERS CONTRIBUTION 900099 843205366 843205366 RENTS FROM EXEMPT AFFI 900099 3824912 3824912 PARTICIPANTS CONTRIBUT 900099 1796672 1796672 848826950 7112762 7112762 2015528 3761664 -1746136 -1746136 -1746136 240758609 242196964 -1438355 -1438355 -1438355 LIQUIDATED DAMAGES - E 900099 2819211 2819211 INTEREST INCOME - EMPL 900099 2381992 2381992 OTHER INCOME 900099 688715 688715 71395 71395 5961313 858716534 851603772 0 7112762 734466927 11883191 1386665 2251106 1030719 2803988 1610776 270242 312568 2202481 68217 6376829 209810 CONSULTING 1270372 PUBLICATIONS 832135 BANK CHARGES 386762 ACTUARIAL EXPENSES 182000 POSTAGE AND DELIVERY 164875 835507 768545170 248789824 25513656 195425116 48972250 84402250 3552050 3532762 164332539 138695526 15139411 25637013 219870117 314261269 13384808 11477248 549708460 660249314 3247634 8451244 124396583 116179149 127644217 124630393 X 0 0 0 0 422064243 535618921 422064243 535618921 549708460 660249314 X 90171364 23383314 X 0 1 1 X 0 54909402 37353209 17556193 12649344 5351713 7297631 96773793 95990604 783189 25637013 OBLIGATION UNDER CAPITAL LEASE 2102442 DEFERRED LEASE REFINANCE PROCEEDS 439735 DUE TO AFFILIATES 2615400 SECURITY DEPOSIT 234636 DEFERRED COMPENSATION 102574 SELF-FUNDED CLAIMS PAYABLE 38807798 CLAIMS INCURRED BUT NOT REPORTED 71876564 116179149 858716534 768545170 90171364 23383314 23383314 113554678 879750830 23383314 23383314 856367516 270242 2078776 2349018 858716534 762508002 0 762508002 270242 5766926 6037168 768545170 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE PLAN EVALUATES EACH TAX POSITION INDIVIDUALLY USING THE RECOGNITION AND MEASUREMENT CRITERIA ESTABLISHED IN FASB ASC TOPIC 740, "INCOME TAXES." THAT IS, FIRST, THE PLAN RECOGNIZES THE FINANCIAL STATEMENT BENEFIT OF A TAX POSITION IF IT DETERMINES THAT IT IS MORE LIKELY THAN NOT (I.E., A LIKELIHOOD OF MORE THAN 50 PERCENT), BASED ON THE TECHNICAL MERITS, THAT THE POSITION WILL BE SUSTAINED ON EXAMINATION. THEN, THE PLAN MEASURES THE AMOUNT OF BENEFIT DERIVED FROM SUCH TAX POSITION AS THE LARGEST AMOUNT OF TAX BENEFIT THAT IS GREATER THAN 50 PERCENT LIKELY OF BEING REALIZED UPON SETTLEMENT. THE DIFFERENCE BETWEEN A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN AND THE TAX BENEFIT RECOGNIZED AND MEASURED ACCORDING TO THE AFOREMENTIONED CRITERIA IS AN UNRECOGNIZED TAX BENEFIT FOR WHICH A LIABILITY IS CREATED (AND AN EXPENSE IS RECORDED). THE PLAN CLASSIFIES INTEREST AND PENALTIES ASSOCIATED WITH THE LIABILITY FOR UNRECOGNIZED TAX BENEFITS AS INCOME TAX EXPENSE. THE PLAN IS NO LONGER SUBJECT TO U.S. FEDERAL, STATE AND LOCAL, OR NON-U.S. INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS ENDED BEFORE JULY 1, 2007. PART XII, LINE 4B - OTHER ADJUSTMENTS: RENTS FROM EXEMPT AFFILIATES 3,824,912. NET RENTAL LOSS -1,746,136. PART XIII, LINE 4B - OTHER ADJUSTMENTS: CHANGE IN CLAIMS PAYABLE 3,688,150. RENTS FROM EXEMPT AFFILIATES 3,824,912. NET RENTAL LOSS -1,746,136. X X X 0 0 0 SUSAN COWELL 118676 88657 4516 3373 0 0 0 0 14737 11009 137929 103039 0 0 PETER GOLDBERGER 104067 77984 2034 1524 0 0 0 0 14190 10633 120291 90141 0 0 LAZARO GONZALEZ 115211 85968 4405 3287 0 0 0 0 14621 10910 134237 100165 0 0 ANGELO DASCOLI 204838 0 7714 0 0 0 0 0 25554 0 238106 0 0 0 BARBARA CARESS 109177 80055 4105 3010 0 0 0 0 14366 10535 127648 93600 0 0 MARGARET NAPIER 78517 97141 3016 3731 0 0 0 0 10950 13548 92483 114420 0 0 IMTIAZ ALUR MOHAMMAD 117480 53622 2179 994 0 0 0 0 16432 7501 136091 62117 0 0 PETER HAMARICH 99266 64105 3768 2433 0 0 0 0 14522 9378 117556 75916 0 0 RANDI FARBER 58096 114357 1069 2104 0 0 0 0 8101 15945 67266 132406 0 0 FORM 990, PART VI, SECTION A, LINE 7A IF A UNION TRUSTEE VACANCY ARISES, THE FUND'S TRUST AGREEMENT PROVIDES THAT SERVICE EMPLOYEES INTERNATIONAL UNION LOCAL 32BJ HAS THE POWER TO APPOINT A SUCCESSOR UNION TRUSTEE FOR THE FUND. IF AN EMPLOYER TRUSTEE VACANCY ARISES, THE FUND'S TRUST AGREEMENT PROVIDES THAT THE REALTY ADVISORY BOARD HAS THE POWER TO APPOINT A SUCCESSOR EMPLOYER TRUSTEE FOR THE FUND. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS REVIEWED BY THE DIRECTOR OF FINANCE AND CONTROLLER. THE FINAL FORM 990 IS PROVIDED TO THE BOARD OF TRUSTEES FOR THEIR REVIEW AND APPROVAL PRIOR TO FILING THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C THE FUND IS SUBJECT TO THE REQUIREMENTS OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT, AS AMENDED ("ERISA") AND THE FIDUCIARY STANDARDS OF ERISA, INCLUDING THE PROHIBITED TRANSACTIONS PROVISIONS, WHICH CONSTITUTES THE FUND'S CONFLICT OF INTEREST POLICY. THE BOARD OF TRUSTEES MONITORS AND ENFORCES COMPLIANCE WITH THOSE PROVISIONS AS REQUIRED BY ERISA ALONG WITH THE ASSISTANCE OF THE FUND'S PROFESSIONALS. FORM 990, PART VI, SECTION B, LINE 15 THE FUND RETAINED AN INDEPENDENT COMPENSATION CONSULTANT WHICH CONDUCTED SEARCHES ON A LOCAL AND NATIONAL LEVEL FOR SIMILAR JOBS AND DETERMINED REASONABLENESS OF THE FUND'S COMPENSATION BASED ON THE BENEFITS THE FUND PROVIDES AND OTHER INTERNAL FACTORS. THE CONSULTANT ALSO BUILT A SALARY STRUCTURE FOUNDATION FOR THE FUND AND THAT STRUCTURE IS REVIEWED ANNUALLY AND ADJUSTED WHEN APPROPRIATE. IN ADDITION, THE DIRECTOR OF HUMAN RESOURCES SUBSCRIBES TO AN ONLINE COMPENSATION SURVEY WHICH IS USED AS A TOOL IN REVIEWING THE FUND'S COMPENSATION FOR COMPARABILITY PURPOSES AGAINST THE CURRENT JOB MARKET. FORM 990, PART VI, SECTION C, LINE 19 THE FUND MAKES ITS GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS AVAILABLE TO PARTICIPANTS, BENEFICIARIES, THE SPONSORING UNION, AND CONTRIBUTING EMPLOYERS AS REQUIRED BY ERISA. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 23,383,314. BUILDING SERVICE 32BJ PENSION FUND 25 WEST 18TH STREET NEW YORK NY 100114676 131879376 PENSION BENEFITS NY 501 (A) 0 THOMAS SHORTMAN TRAINING SCHOLARSHIP 25 WEST 18TH STREET NEW YORK NY 100114676 237424757 TRAINING FUND NY 501 (C)(3) 0 BUILDING SERVICE 32BJ LEGAL SERVICES 25 WEST 18TH STREET NEW YORK NY 100114676 136841620 LEGAL SERVICES NY 501 (C) (9) 0 BUILDING SERVICE 32BJ SRSP FUND 25 WEST 18TH STREET NEW YORK NY 100114676 133507075 401(K) PROFIT SHARING NY 401 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0